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					</table><p>Jammu and Kashmir Energy Development Agency (JAKEDA) <a href="https://www.mercomindia.com/jakeda-issues-empanelment-tender-for-153-mw-rooftop-solar-projects" target="_blank" rel="noopener">issued</a> a request for selection to empanel developers to set up 152.75 MW of grid-connected rooftop solar projects on government buildings in the union territory under the renewable energy service company model. Bids must be submitted by December 1, 2025. Bids will be opened on December 2. Bidders, including their parent, affiliate, ultimate parent, or any group company, can only submit a single/separate bid for each project cluster. The maximum capacity for which bidders can quote will depend on the cluster’s tentative projected capacity. The individual project sizes must range from 20 kW to 500 kW. The scope of work entails the survey, design, engineering, financing, installation, and commissioning of the solar projects. It also involves providing operation and maintenance services for the PPA period.</p>
<p>It’s not just big, power-guzzling industries that are <a href="https://www.mercomindia.com/mumbai-hospital-saves-%E2%82%B91-3-million-annually-with-rooftop-solar" target="_blank" rel="noopener">shifting</a> to solar; the healthcare sector is also increasingly adopting clean energy sources. Established in 1983, Nair Hospital Dental College, a government hospital under the Brihanmumbai Municipal Corporation, Mumbai, installed 100 kW of rooftop solar systems, saving approximately ₹1.2 million (~$13,612.6) to ₹1.3 million (~$14,728.5) annually. Gujarat-based rooftop installer Imagine Powertree, which installed the rooftop systems, said the hospital chose to set up the project to save on power costs and pass the savings on to patients.</p>
<p>Surat-based renewable energy solutions provider KPI Green Energy <a href="https://www.mercomindia.com/kpi-green-bags-600-mw-solar-plus-storage-fve-lifecare" target="_blank" rel="noopener">received</a> a letter of intent (LoI) from UAE-based FVE Lifecare General Trading, part of the F Plus Group, to develop a 600 MW solar plus storage project at an estimated cost of ₹10.5 billion (~$119.02 million) in India. The project builds upon an earlier memorandum of understanding signed with F Plus Healthcare Technologies, part of the F Plus Group. Under the LoI, KPI Green Energy will design, develop, finance, and commission an integrated solar plus battery energy storage project to deliver reliable, round-the-clock renewable power.</p>
<p>Solar module manufacturer Goldi Solar <a href="https://www.mercomindia.com/goldi-solar-secures-%E2%82%B914-billion-in-havells-led-funding-round" target="_blank" rel="noopener">secured</a> ₹14.22 billion (~$161.07 million) in growth capital in a funding round led by Havells India, high-net-worth individuals, and institutional and strategic investors. Some of the investors included Ambit Global Private Client, Nikhil Kamath, Shahi Exports, SRF Transnational Holdings, Karmav Real Estate Holdings, NSFO Ventures, and Godwitt Construction. Goldi Solar will utilize the funding to expand its manufacturing capacity, strengthen backward integration into solar cell production, accelerate its innovation initiatives in high-efficiency solar technologies, and broaden the company’s go-to-market efforts.</p>
<p>Greater Noida-based electric vehicle powertrain design and manufacturing company Tsuyo <a href="https://www.mercomindia.com/ev-powertrain-company-raises-%E2%82%B9400-million-from-avaana-capital" target="_blank" rel="noopener">raised</a> ₹400 million (~$4.82 million) in a Pre-Series A funding round led by Avaana Capital. The funding will be used to establish Tsuyo’s third greenfield manufacturing facility for high-wattage electric motors and transmission assemblies, as well as a second advanced research and development center dedicated to power electronics, embedded systems, and prototype development. The new manufacturing unit will focus on high-wattage electric motors ranging from 15 kW to 250 kW, with an initial annual production capacity of 20,000 units.</p>
<p>The Asian Development Bank (ADB) <a href="https://mercomindia.com/adb-approves-460-million-loan-for-agricultural-solarization-in-maharashtra" target="_blank" rel="noopener">approved</a> a results-based loan of $460 million to modernize rural power infrastructure, promote distributed renewable energy generation, and improve agricultural productivity by providing farmers with reliable daytime solar electricity for irrigation in Maharashtra. The bank highlighted the Maharashtra Power Distribution Enhancement Program for Agricultural Solarization, which aims to accelerate renewable energy adoption, improve rural energy access, and enhance the financial sustainability of the power sector. An additional $40 million concessional loan from the Clean Technology Fund administered by ADB, will complement the program.</p>
<p>Singapore-based renewable energy platform Blueleaf Energy <a href="https://www.mercomindia.com/blueleaf-bii-sign-75-million-agreement-to-boost-renewable-energy-in-india" target="_blank" rel="noopener">signed</a> an agreement with UK-based development finance institution and impact investor British International Investment to invest $75 million in India’s energy transition. Blueleaf said it will receive the funding from BII to continue investing in and expanding its renewable energy assets in India. This initiative aims to contribute approximately 2 GW of installed renewable energy capacity in the country. It includes utility-scale solar, wind, and energy storage projects with a potential clean energy generation capacity of more than 3.2 GWh.</p>
<p>Adani Green Energy’s revenue <a href="https://www.mercomindia.com/renewable-capacity-additions-drive-adani-greens-revenue-up-4-3-yoy-in-q2#:~:text=Adani%20Green%20Energy's%20(AGEL)%20revenue,58.4%20million)%20a%20year%20ago." target="_blank" rel="noopener">dropped</a> 4.3% year-over-year to ₹32.49 billion(~$368.5 million) in the second quarter (Q2) of the financial year (FY) 2026 from ₹33.96 billion (~$385 million). Net profit rose 24.2% to ₹6.4 billion (~$72.6 million) from ₹5.15 billion (~$58.4 million) a year ago. Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹25.43 billion (~$288 million), up 19% YoY from ₹21.4 billion (~$242.75 million). Adani Green attributed the EBITDA growth to greenfield capacity additions of 5.5 GW in FY 2025, deployment of advanced renewable technologies, and strong project performance.</p>
<p>Solar module and cell manufacturer Premier Energies <a href="https://www.mercomindia.com/premier-energies-q2-revenue-rises-20-on-strong-demand" target="_blank" rel="noopener">reported</a> a revenue of ₹18.37 billion (~$208.5 million) in Q2 of FY 2026, a 20.3% YoY increase from ₹15.27 billion (~$173.3 million). The company attributed this increase to higher operational efficiency, improved product mix, and steady domestic demand. Profit after tax rose 71.6% to ₹3.53 billion (~$40 million) from ₹2.05 billion (~$23.25 million) in the previous year. The earnings per share for Q2 stood at ₹7.89 (~$0.089) compared to ₹5.71 (~$0.064) in the same quarter last year. The company’s EBITDA for the quarter rose 47.4% YoY to ₹5.61 billion (~$63.63 million).</p>
<p>The Saudi Power Procurement Company <a href="https://www.mercomindia.com/saudi-arabia-awards-4-5-gw-of-solar-and-wind-energy-projects" target="_blank" rel="noopener">awarded</a> four solar and one wind projects totaling 4.5 GW in the sixth phase of the National Renewable Energy Program. Solar Projects Abu Dhabi Future Energy Company won the 1.4 GW Najran solar project at a levelized cost of energy (LCOE) of SAR0.04 (~$0.01)/kWh. Abu Dhabi Future Energy Company won the 600 MW Ad Darb solar project at an LCOE of SAR0.05 (~$0.01)/kWh. The project will be located in Jazan province. Saudi Electricity Company and Électricité de France Power Solutions International won the 600 MW Samtah solar project at an LCOE of SAR0.06 (~$0.02)/kWh. The project will be located in Jazan province.</p>
<p>U.S.-based power producer NextEra Energy <a href="https://www.mercomindia.com/nextera-reaffirms-2025-guidance-despite-missing-revenue-expectations-in-q3" target="_blank" rel="noopener">reported</a> operating revenue of $7.97 billion for Q3 of 2025, a 5% YoY increase from $7.57 billion in Q3 2024. The revenue, however, missed analysts’ expectations by $203.6 million. NextEra’s earnings was $2.35 billion, a 10% YoY increase from $2.13 billion in the corresponding quarter last year. The company’s earnings per share stood at $1.13, compared to $1.03 in Q3 2024. The earnings per share (EPS) exceeded analysts’ expectations by $0.11.</p>
<p>Fuel cell and electrolyzer manufacturer Bloom Energy <a href="https://www.mercomindia.com/bloom-energy-beats-analyst-estimates-despite-23-million-q3-loss" target="_blank" rel="noopener">reported</a> revenue of $519.05 million in Q3 of 2025, a 57% YoY increase from $330.4 million. The revenue exceeded analysts’ expectations by $90.98 million. The company’s EPS came in at $0.15, exceeding analysts’ expectations by $0.05. Its adjusted EBITDA increased to $59.05 million from $21.34 million in the corresponding quarter last year. The company reported a net loss of $23.09 million compared to $14.71 million in Q3 2024.</p>
<p>Microinverter and battery storage supplier Enphase Energy’s revenue in Q3 of 2025 <a href="https://www.mercomindia.com/enphase-q3-revenue-best-in-two-years-on-higher-inverter-battery-demand" target="_blank" rel="noopener">rose</a> 7.8% YoY to $410.4 million from $380.87 million. The company’s Q3 revenue is the highest in a quarter over the last two years. The revenue in the quarter beat analysts’ expectations by $40.83 million. Enphase attributed the revenue growth to higher demand for microinverters and batteries, as well as higher safe-harbor revenue in the quarter. It secured safe-harbor revenue of $70.9 million, up from $40.4 million in the prior year. Net income for the quarter also surged by 32.7% to $117.3 million from $88.4 million last year.</p>


Daily News Wrap-Up: JAKEDA Tenders 153 MW Rooftop Solar Projects

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