Renewable Energy Capacity in India’s Power Mix Reaches 48.3% in Q2 2025

US Median Solar Prices Declined 2% in July 2025 to $0.49/W

Lower Home Solution Sales Reduce SMA Solar’s 1H 2025 Revenue by 10% YoY

Renewables Growth Drives Tata Power’s Revenue, Profit Up in Q1 FY 2026

Uttar Pradesh Regulator Approves Tariffs for 1,280 FDRE Procurement

Supreme Court Orders States to Pay ₹1.74 Trillion Dues to DISCOMs in Four Years

Oriana Power Wins SECI’s Auction to Supply 60,000 TPA of Green Ammonia

Maharashtra Issues Draft Deviation Settlement Mechanism Regulations

Daily News Wrap-Up: Power Ministry Ends URET Mechanism

EU Solar Market to Shrink 1.4% in 2025, First Decline Since 2015


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					</table><p>Median platform prices for U.S. solar cells and modules were steady at approximately $0.5 per watt through April 2025, and then modestly declined by 2% to $0.49 per watt in July, according to a report by <a href="https://www.anzarenewables.com/" target="_blank" rel="noopener">Anza Renewables</a>.</p>
<p>Prices for modules assembled in the U.S. with imported cells rose over 12.5% from $0.32 per watt in March to $0.36 per watt in July. Imported module prices grew to $0.255 per watt in July, rising 8.5% from $0.235 per watt in winter.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/US-Solar-prices.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82898 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/US-Solar-prices.png" alt="US Solar prices" width="958" height="498" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/US-Solar-prices.png 958w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/US-Solar-prices-300x156.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/US-Solar-prices-768x399.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/US-Solar-prices-650x338.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/US-Solar-prices-624x324.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/US-Solar-prices-600x312.png 600w" sizes="(max-width: 958px) 100vw, 958px" /></a></p>
<p>The premium for domestically produced cells against imported modules expanded to approximately $0.23 per watt. Anza said this development reflects the U.S. market’s willingness to ‘pay for tax credit, tariff, and duties certainty.’</p>
<p>Solar module prices in the U.S. had <a href="https://www.mercomindia.com/us-solar-module-prices-dropped-to-0-25-w-between-november-and-february-2025" target="_blank" rel="noopener">dropped</a> to a near-record low of $0.25 per watt from November 2024 to February 2025. Anza noted that module prices declined steadily through November 2024 from last summer’s highs of $0.28 per watt.</p>
<p>The U.S.’s reciprocal tariffs, along with new investigations into polysilicon and anode active materials, have increased procurement risk and uncertainty in the country’s solar markets.</p>
<p>In January this year, the U.S. Department of the Treasury and Internal Revenue Service <a href="https://www.mercomindia.com/us-releases-additional-guidance-under-iras-domestic-content-bonus" target="_blank" rel="noopener">released</a> additional guidance on the Inflation Reduction Act’s domestic content bonus for clean electricity production and investment tax credits (ITC). The updated safe harbor applies to solar projects, domestic solar wafers, land-based wind projects, and battery energy storage systems (BESS).</p>
<p>President Trump signed a 940-page domestic policy and tax bill into law on July 4 after the House of Representatives <a href="https://www.mercomindia.com/house-passes-senates-version-of-budget-bill-without-changes" target="_blank" rel="noopener">passed</a> the Senate’s version of the budget reconciliation bill without any changes. The bill removes the Section 48E ITC for solar and wind projects commissioned after December 31, 2027. Projects with construction beginning before July 4, 2026, or commissioning by December 31, 2027, will be exempt from these restrictions.</p>
<p>Trump also signed an executive order directing the Secretary of the Treasury to terminate the clean electricity production and investment tax credits for wind and solar facilities and implement the enhanced foreign entity of concern (FEOC) restrictions identified in the ‘One Big Beautiful Bill’ Act.</p>
<p>Anza monitored the reaction of solar manufacturers to the FEOC requirements and the ITC phase-out for solar projects.</p>
<p>According to the report, several U.S. manufacturers announced that they would keep their assembly lines on pause due to the recent policy changes, including the reduced production incentives under Section 45X.</p>
<p>Some of the recent major U.S. manufacturing shifts were as follows:</p>
<ul>
<li>JA Solar sold its Arizona module plant to Corning (July 2025)</li>
<li>Trina Solar off‑loaded its Texas factory to FREYR (late 2024)</li>
<li>Meyer Burger’s Goodyear, Arizona plant shut down (May 2025)</li>
<li>AESC and LG began domestic BESS cell manufacturing (Q2 2025)</li>
</ul>
<p><strong>Solar Suppliers Cautious</strong></p>
<p>Recent tariff developments are causing increased caution among solar suppliers, which is leading to rising instances of suppliers listing products as “coming soon,” “sold out,” or “end of life.”</p>
<p>Anza projects that the U.S. supplier count for solar modules will remain consistent through the second half (2H) of 2027. However, tariff uncertainties and shifting demand pressures will reduce commitments slightly.</p>
<p>Conversely, solar cell supplier commitments are expected to increase from 6 in 2H 2025 to 11 by 2H 2026.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-2.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82899 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-2.png" alt="US Solar prices" width="742" height="214" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-2.png 742w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-2-300x87.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-2-650x187.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-2-624x180.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-2-600x173.png 600w" sizes="(max-width: 742px) 100vw, 742px" /></a></p>
<p><strong>Storage Sector </strong></p>
<p>Battery storage is expected to see positive changes in the coming years.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-3.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82900 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-3.png" alt="US Solar prices" width="741" height="214" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-3.png 741w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-3-300x87.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-3-650x188.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-3-624x180.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-prices-image-3-600x173.png 600w" sizes="(max-width: 741px) 100vw, 741px" /></a></p>
<p>Anza said that U.S. BESS cell suppliers are expected to triple by 1H 2027, and then remain steady. BESS module suppliers are projected to rise by over 14%. Finally, domestic BESS container assemblers are expected to double during this period.</p>



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					</table><p>The Uttar Pradesh Electricity Regulatory Commission (<a href="https://www.uperc.org/Default2.aspx" target="_blank" rel="noopener">UPERC</a>) has approved the power sale agreement (PSA) between Uttar Pradesh Power Corporation (<a href="https://uppcl.org/uppcl/hi/" target="_blank" rel="noopener">UPPCL</a>) and <a href="https://www.nhpcindia.com/" target="_blank" rel="noopener">NHPC</a> for the procurement of 1,280 MW of firm and dispatchable renewable energy (FDRE) at tariffs ranging from ₹4.7 (~$0.0547)/kWh to ₹4.71 (~$0.0548)/kWh.</p>
<p>The Commission also approved a trading margin of ₹0.07 (~$0.0008)/kWh.</p>
<p><strong>Background</strong></p>
<p>The case originated from a petition filed by UPPCL seeking approval for the PSA with NHPC for procuring 1,280 MW of FDRE. NHPC was designated as the renewable energy implementing agency to conduct competitive bidding for the FDRE projects.</p>
<p>UPPCL argued that the procurement was necessary to fulfill its renewable purchase obligation (RPO) targets and reduce power procurement costs.</p>
<p>For the financial year 2025, the RPO target for distribution companies was set at 29.91%. UPPCL cited the Ministry of New and Renewable Energy’s February 1, 2024, letter that specified a penalty of ₹1 million (~$11,627.91) for failure to comply and an additional penalty of ₹3.72 (~$0.043)/kWh shortfall.</p>
<p>NHPC, through a petition filed before the Central Electricity Regulatory Commission (CERC), had sought adoption of the discovered tariffs. It submitted the final CERC order, which <a href="https://www.mercomindia.com/central-regulator-approves-tariffs-for-nhpcs-1-4-gw-fdre-projects" target="_blank" rel="noopener">confirmed</a> approval of tariffs for the 1,400 MW capacity (of which 1,280 MW would be allocated to UPPCL) and declared the bidding process transparent and compliant with government requirements.</p>
<p><strong>Commission’s Analysis</strong></p>
<p>UPERC noted that CERC had already adopted the tariffs for 1,400 MW of FDRE capacity, affirming that the process adhered to the specified guidelines. UPPCL’s allocation of 1,280 MW under the PSA was found to be in line with competitive procurement norms.</p>
<p>The Commission approved the PSA for the procurement of 1,280 MW of FDRE.</p>
<p>It also held that if NHPC fails to provide an escrow arrangement or an irrevocable, unconditional, and revolving letter of credit to the renewable energy power generators, the trading margin would be limited to ₹0.02 (~$0.0002)/kWh.</p>
<p>The approved tariffs for the six PPAs are as follows:</p>
<ul>
<li>Clean Renewable Energy AP One (100 MW at ₹4.70 (~$0.0547)/kWh)</li>
<li>Solarcraft Power India 20 (50 MW at ₹4.70 (~$0.0547)/kWh)</li>
<li>Juniper Green Light Ten (200 MW at ₹4.71 (~$0.0548)/kWh)</li>
<li>Renew Wind Energy (AP Five) (250 MW at ₹4.71 (~$0.0548)/kWh)</li>
<li>ACME Venus Urja (400 MW at ₹4.71 (~$0.0548)/kWh)</li>
<li>ACME Hybrid Urja (280 MW at ₹4.71 (~$0.0548)/kWh)</li>
</ul>
<p>Recently, UPERC <a href="https://www.mercomindia.com/uperc-approves-tariff-of-%E2%82%B93-84-kwh-for-300-mw-wind-solar-project" target="_blank" rel="noopener">approved</a> a tariff of ₹3.84 (~$0.044)/kWh for the procurement of 300 MW wind-solar hybrid power by Noida Power Company.</p>
<p>Subscribe to Mercom’s real-time <a href="https://www.mercomindia.com/product/mercoms-renewable-energy-regulatory-updates" target="_blank" rel="noopener">Regulatory Updates</a> to ensure you don’t miss any critical updates from the renewable industry.</p>



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					</table><p>The Maharashtra Electricity Regulatory Commission (<a href="https://merc.gov.in/" target="_blank" rel="noopener">MERC</a>) has released the Draft Deviation Settlement Mechanism (DSM) and Related Matters Regulations, 2025, proposing significant changes to deviation accounting, scheduling, despatch, and financial settlements in the state’s power sector.</p>
<p><strong>Applicability</strong></p>
<p>These regulations will apply to all generating stations connected to the intrastate transmission and distribution system, including conventional power generators, solar and wind generating stations, bagasse/biomass-based cogeneration plants, captive generators, buyers, including distribution licensees and open access consumers, and all entities engaged in wheeling, banking, or self-consumption of electricity.</p>
<p>The regulations extend to all transactions using short, medium, or long-term open access and those involving power exchanges. Generating stations whose scheduling is managed by the state load despatch centre (SLDC), as well as users of the state grid engaging in cross-border or inter/intra-state transactions that affect the Maharashtra grid, are also covered.</p>
<p>Wind and solar generators will remain under the existing MERC (Forecasting, Scheduling and Deviation Settlement for Solar and Wind Generation) Regulations, 2018, unless amended.</p>
<p><strong>Deviation Computation</strong></p>
<p>Deviation will be computed as the difference between actual injection or drawal and the scheduled injection or drawal in MWh for each 15-minute time block. The computation is applicable at the generating station level, the pooling station level (for renewable energy generators), and the buyer level.</p>
<p>The computation will involve the difference between the actual injection or withdrawal and the. The formula for general sellers is Deviation (MWh) = Actual Injection – Scheduled Generation. The deviation percentage will be calculated as 100 × (Actual – Scheduled)/Scheduled.</p>
<p>The same formula applies for buyers, replacing injection with drawal. In case of intra-state hydroelectric projects, deviation will be computed based on actual generation instead of scheduled generation, unless grid constraints arise.</p>
<p>Special energy meter readings must support deviation data in accordance with Central Electricity Authority (CEA) norms. The SLDC will be responsible for providing weekly deviation statements based on meter reading instrument data.</p>
<p>Errors in scheduling caused by transmission constraints or force majeure events may be revised accordingly. The deviation must also adhere to the technical limits of the generator to maintain grid stability.</p>
<p><strong>Category-Wise Deviation Charges</strong></p>
<p>Deviation charges differ based on the type of generator or consumer. They are frequency-linked for conventional power generators and buyers. For instance, if the grid frequency drops below 49.85 Hz, the deviation charge will be 150% of the normal rate.</p>
<p>Between 49.85 Hz and 50.05 Hz, the charges will follow a DSM rate table specified by the Commission. When the frequency exceeds 50.05 Hz, the rate will become zero or negative to discourage over-injection.</p>
<p>Renewable energy generators (wind and solar) with a capacity greater than 1 MW will be allowed a ±10% deviation band. No charges will be applied within this band. Deviations beyond 10% but less than or equal to 15% will be penalized at ₹0.5 (~$0.0057)/kWh, between 15% and 20% at ₹1 (~$0.011)/kWh, and above 20% at ₹1.5 (~$0.017)/kWh.</p>
<p>Deviations will be settled at the power purchase agreement rate. Captive renewable energy generators that consume their own generated electricity will be exempted from deviation charges.</p>
<p>Pooling stations for renewable energy will be treated as a single entity. Deviations at this level will be computed collectively, and costs will be allocated proportionally to generators based on their contribution to the deviation. Standalone energy storage systems will be treated like general sellers. In charging mode, overdrawal will be considered under-injection and underdrawal as over-injection.</p>
<p>For buyers, three volume limit bands are proposed, based on deviation severity and peak demand. If the grid frequency falls below 49.90 Hz, charges can go up to 200% of the normal rate. If the frequency exceeds 50.10 Hz, charges will reduce to zero or 10% of the normal rate.</p>
<p>Infirm power injected before the completion of the trial run will be capped at ₹2.86 (~$0.033)/kWh. After a successful trial run, charges will be per the general seller category. Start-up power will be billed at the reference rate, the weighted average clearing price (ACP), or the contract rate, whichever is applicable.</p>
<p><strong>Normal Rate for Deviations</strong></p>
<p>The normal rate for deviation charges in a time block is determined as the highest among three calculated values:</p>
<ul>
<li>Weighted average ACP (in paise/kWh) of the integrated day-ahead market (I-DAM) segment across all power exchanges</li>
<li>Weighted average ACP of the real-time market (RTM) segments of all power exchanges</li>
<li>An aggregate value derived by summing one-third of the weighted average ACP from I-DAM, one-third from RTM, and one-third of the ancillary service charges</li>
</ul>
<p>Ancillary service charges will be calculated based on the total quantum of secondary reserve ancillary services and tertiary reserve ancillary services deployed and the net charges payable to the ancillary service providers.</p>
<p><strong>Deviation Charges</strong></p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-1.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82861 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-1.png" alt="MERC DSM 1" width="809" height="621" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-1.png 809w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-1-300x230.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-1-768x590.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-1-650x499.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-1-624x479.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-1-600x461.png 600w" sizes="(max-width: 809px) 100vw, 809px" /></a></p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-2.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82862 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-2.png" alt="MERC DSM 2" width="819" height="292" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-2.png 819w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-2-300x107.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-2-768x274.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-2-650x232.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-2-624x222.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-2-600x214.png 600w" sizes="(max-width: 819px) 100vw, 819px" /></a></p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-3.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82863 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-3.png" alt="MERC DSM 3" width="772" height="698" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-3.png 772w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-3-300x271.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-3-768x694.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-3-650x588.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-3-624x564.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/MERC-DSM-image-3-600x542.png 600w" sizes="(max-width: 772px) 100vw, 772px" /></a></p>
<p><strong>Scheduling and Despatch Framework</strong></p>
<p>Scheduling will be conducted in 96 time blocks per day (15 minutes each). The SLDC can revise the block size via notification. The scheduling framework must comply with the MERC State Grid Code 2020 and the Indian Electricity Grid Code.</p>
<p>Renewable energy generators will follow the 2018 DSM regulations applicable to wind and solar generation.</p>
<p>Day-ahead and intraday schedules will be allowed under the regulations. Revisions will be permitted with the following conditions: conventional generators must provide two hours of prior notice, while renewable energy generators will be allowed for up to 16 schedule revisions per day.</p>
<p>The SLDC will make real-time despatch decisions based on merit order despatch, technical feasibility, congestion, and economic efficiency.</p>
<p>It will have curtailment powers in emergencies, congestion, or voltage and frequency deviation scenarios. All curtailments must be logged, and weekly reports on SLDC interventions must be published, along with time-block-wise settlement details based on energy charge rates.</p>
<p><strong>DSM Charges Settlement</strong></p>
<p>All deviation charges will be settled through a State Deviation Pool Account maintained by SLDC. The deviation settlement will be carried out weekly, and payments are based on the deviation volume and applicable rate.</p>
<p>State energy accounts will be prepared monthly by the SLDC, covering injection, drawal, and reactive energy charges. Distribution licensees must separately bill partial open-access consumers. These accounts will be subject to a third-party audit annually.</p>
<p>The regulations introduced the concept of a virtual state entity as a counterparty for SLDC’s real-time interventions. When real-time changes are made, the revised schedule will be assigned to the generator directly and not to the original beneficiary.</p>
<p>Payments to and from the virtual state entity will be routed through the Deviation Pool Account and settled at the prevailing energy charge rate.</p>
<p>All deviation-related dues must be settled within 10 days of the receipt of SLDC’s deviation statement. A late payment interest of 0.05% per day will be applicable if payment is not made within 12 days.</p>
<p>The SLDC must disburse receivables within two working days after receiving funds into the pool account. In case of underpayment, SLDC can deduct the due amount from ongoing transactions or invoke bank guarantees.</p>
<p><strong>Financial Provisions and Security Mechanisms</strong></p>
<p>The State Deviation Pool Account will be utilized for settling deviation payments, reactive energy compensation, and funding grid reliability projects, system studies, and capacity building exercises. Any shortfall in the pool account will be recovered proportionally from state entities through supplementary bills.</p>
<p>A letter of credit (LC) is mandatory for entities in default and must be equivalent to 110% of their average weekly liability. If an entity’s weekly deviation exceeds 50% of its historical average, the LC value will be revised upwards.</p>
<p>The SLDC can also demand a bank guarantee amounting to two weeks of deviation liability from entities with prior defaults. The Maharashtra SLDC (MSLDC) fees and charges for managing DSM will be paid in advance by state entities.</p>
<p>Existing fees under the 2019 DSM Regulations will remain applicable until a new fee structure is finalized. The DSM Pool Account will undergo an annual audit by an independent chartered accountant firm to ensure transparency and compliance.</p>
<p>In 2021, MERC <a href="https://www.mercomindia.com/dsm-implementation-maharashtra" target="_blank" rel="noopener">passed</a> an order to resolve multiple issues relating to the commercial implementation of the Deviation Settlement MDSM Regulations.</p>
<p>Subscribe to Mercom’s real-time <a href="https://www.mercomindia.com/product/mercoms-renewable-energy-regulatory-updates" target="_blank" rel="noopener">Regulatory Updates</a> to ensure you don’t miss any critical updates from the renewable industry.</p>



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					</table><p>The European Union (<a title="https://european-union.europa.eu/index_en" href="https://european-union.europa.eu/index_en" target="_blank" rel="noreferrer noopener">EU</a>) is projected to install 64.2 GW of new solar capacity in 2025, down from 65.1 GW in 2024, a projected 1.4% annual decline, the first since 2015, according to <a title="https://www.solarpowereurope.org/" href="https://www.solarpowereurope.org/" target="_blank" rel="noreferrer noopener">SolarPower Europe’s</a> mid-year market report. The projected decrease will be driven by the shrinking residential rooftop market.</p>
<p>This expected downturn follows sharp growth in 2022 (47%) and 2023 (51%), and stagnation in 2024 (3.3%).</p>
<p>Despite the expected slowdown, total installed solar capacity will reach 402 GW by year-end, meeting the EU’s RePowerEU 2025 target. However, the residential rooftop segment is likely to collapse by over 60% in countries like Italy, the Netherlands, Austria, Belgium, Czechia, and Hungary, while corporate PPAs have dropped 41% between the first and the second quarter (Q2), threatening future utility-scale growth.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-1.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82852 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-1.png" alt="EU Solar 1" width="5001" height="2918" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-1.png 5001w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-1-300x175.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-1-2000x1167.png 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-1-768x448.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-1-1536x896.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-1-2048x1195.png 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-1-650x379.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-1-624x364.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-1-600x350.png 600w" sizes="(max-width: 5001px) 100vw, 5001px" /></a></p>
<p><strong>Residential Rooftop Decline </strong></p>
<p>According to the report, the EU’s solar sector slowdown is concentrated in markets that were previously strong performers, including Italy, the Netherlands, Austria, Belgium, Czechia, and Hungary. In these countries, rooftop solar installations are expected to fall by more than 60% compared to 2023 levels.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-2.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82853 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-2.png" alt="EU Solar 2" width="5001" height="2918" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-2.png 5001w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-2-300x175.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-2-2000x1167.png 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-2-768x448.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-2-1536x896.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-2-2048x1195.png 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-2-650x379.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-2-624x364.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-2-600x350.png 600w" sizes="(max-width: 5001px) 100vw, 5001px" /></a></p>
<p>The decline is attributed to the easing of the 2022 energy crisis and the expiry of government support schemes, many of which have not been replaced. Even in other large markets such as Germany, Spain, and Poland, rooftop installations are expected to fall by over 40%.</p>
<p>Analysts cite policy instability, lack of replacement incentives, and lower electricity prices as contributing factors. Many households are reconsidering the return on investment from rooftop systems in the absence of subsidies, net metering benefits, or urgent price pressures.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-3.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82854 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-3.png" alt="EU Solar 3" width="5001" height="2918" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-3.png 5001w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-3-300x175.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-3-2000x1167.png 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-3-768x448.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-3-1536x896.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-3-2048x1195.png 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-3-650x379.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-3-624x364.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-3-600x350.png 600w" sizes="(max-width: 5001px) 100vw, 5001px" /></a></p>
<p><strong>Utility-Scale Solar Stable</strong></p>
<p>While residential installations are reducing, the utility-scale solar segment is expected to remain relatively stable in 2025, contributing around half of the new capacity additions.</p>
<p>In 2024, a record 20 GW of utility-scale solar capacity was awarded through auctions across the EU. Germany leads the region in auction activity, followed by the Netherlands, France, and Italy.</p>
<p>Poland and Ireland are also increasing their auction volumes. Notably, Germany’s most recent innovation tender attracted 158 bids totalling more than 2 GW, mostly for hybrid solar-storage systems.</p>
<p>The auction cleared at €0.05 (~$0.058)/kWh, down from €0.07 (~$0.081)/kWh in a similar October 2024 tender that awarded just 487 MW, indicating increased competition and falling costs.</p>
<p>Hybridization is playing a growing role in utility-scale deployment. Co-located battery storage or wind-solar hybrid projects are gaining preference in national tenders, particularly in Germany and Bulgaria, enabling better load management and improving solar integration into the grid.</p>
<p><strong>Corporate PPA Market</strong></p>
<p>According to the report, the corporate Power Purchase Agreement (cPPA) segment, which has been a key enabler of utility-scale solar development in recent years, is now weakening. In 2025, the volume of new solar cPPA contracts fell by 41% between Q1 and Q2.</p>
<p>The decline was driven by falling electricity prices, which made long-term solar PPAs less attractive to corporate buyers. Without additional policy support, this trend could further undermine long-term investment in utility-scale solar projects. SolarPower Europe has called for stronger frameworks to support cPPAs and ensure stable financing for solar deployment.</p>
<p>Europe’s solar PPA prices in the Market-Averaged Continental Index <a href="https://www.mercomindia.com/us-and-europe-ppa-prices-for-solar-and-wind-stable-in-q1-2025" target="_blank" rel="noopener">rose</a> by just 1% in the previous quarter, according to a report by LevelTen. Europe’s renewable energy sector has entered a pricing maturity and predictability phase.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-4.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82855 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-4.png" alt="EU Solar 4" width="5001" height="2917" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-4.png 5001w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-4-300x175.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-4-2000x1167.png 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-4-768x448.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-4-1536x896.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-4-2048x1195.png 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-4-650x379.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-4-624x364.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/EU-Solar-image-4-600x350.png 600w" sizes="(max-width: 5001px) 100vw, 5001px" /></a></p>
<p><strong>EU Risks Falling Short of 2030 Target</strong></p>
<p>Despite achieving its 2025 RePowerEU target, reaching the 2030 goal of 750 GW remains uncertain for the EU. To stay on track, the region must install close to 70 GW of new capacity annually starting in 2026.</p>
<p>At the current rate, the EU will only reach 723 GW by 2030, falling short of the target. Dries Acke, Deputy CEO at SolarPower Europe, warned that a market decline at this critical stage is a serious concern.</p>
<p>He urged EU policymakers to act by strengthening regulatory frameworks around electrification, system flexibility, and energy storage to maintain momentum through the decade.</p>
<p>Recently, Wood Mackenzie’s Global Solar Inverter Market Share report <a href="https://www.mercomindia.com/global-solar-inverter-shipments-reach-589-gw-in-2024" target="_blank" rel="noopener">showed</a> that Europe experienced a double-digit percentage decline, especially in the residential and commercial segments. This drop was driven by excess inventory in key markets such as Germany and the Netherlands.</p>



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					</table><p>In the second quarter (Q2) of 2025, P25 solar prices, which are the 25<sup>th</sup> percentile of offered prices in power purchase agreements (PPAs), increased by 1% for North America, according to <a href="https://www.leveltenenergy.com/" target="_blank" rel="noopener">LevelTen Energy</a>’s Market-Averaged Continental Index report.</p>
<p>This increase follows another modest growth in the previous quarter. LevelTen said this rise is surprising in an environment of considerable policy uncertainty.</p>
<p>While solar prices may appear unaffected, the pricing impacts of tariffs, tax credit shifts, and other factors are being incorporated through means other than direct price hikes.</p>
<p>The report stated that tariff and tax credit volatility makes it considerably difficult to fold in specific price impacts for PPA offers. An increasing number of PPA counterparties are choosing contractual mechanisms allowing future adjustments to prices and other terms.</p>
<p>LevelTen expects Q3’s dataset to help clear the impact of U.S. President Donald Trump’s spending bill.</p>
<p><strong>Europe PPA Prices Down</strong></p>
<p>P25 prices in Europe reduced by over 5% in Q2 2025 according to the report. This decline follows three quarters of stable trends, and it indicates that the considerable rise of recent years has levelled off. The levelling will offer PPA buyers enhanced clarity and improved conditions for decision making.</p>
<p>While further declines can be expected, the market currently offers a meaningful opportunity to secure long-term value without the urgency or volatility of the previous years.</p>
<p>A majority of European solar markets experienced declining pricing trends for solar PPAs. Italy, Romania, and Poland witnessed considerable reductions, partially due to an energy oversupply. Other markets with high offer volume, such as Spain and Germany, are seeing PPA prices reduce further since some developers in these countries are seeking customers for their pure-play solar assets. The developers are making this decision amid a wider market shift to hybridized development pipelines that leverage the storage systems’ synergistic performance benefits.</p>
<p><strong>Wind Power</strong></p>
<p>The P25 wind prices rose 11% during Q2 2025 in North America. Midcontinent Independent System Operator (MISO) wind prices increased significantly, quarter-over-quarter. This growth contributed the most to the rising continental pricing trend. However, prices in all North American wind markets, barring one, increased during this quarter.</p>
<p>The quarterly price growth was driven by a decline in the total offer volume and the long-term nature of wind development. Wind projects enter the market comparatively slower. In case of unfavorable market conditions or high regulatory uncertainty, developers often halt their marketing efforts till the situation improves.</p>
<p>In MISO, price sensitivity to shifts in individual projects increased due to limited offer activity.</p>
<p>The report stated that an increasing number of wind PPAs may remain on the back burner as developers continue to face issues such as permitting delays, interconnection hurdles, and policy volatility. This development would contribute to reduced liquidity and growing pressure on prices.</p>
<p>In contrast to North America, wind PPA prices across Europe reduced by 2%. According to LevelTen, despite a growing wind industry, the continent faces issues with land availability, permitting, and interconnection queues in many markets.</p>
<p>However, it stated that wind PPAs still provide attractive opportunities for consumers, particularly tech companies and data centers with significant clean energy requirements in non-sunny hours. Wind energy’s production profile makes it attractive for consumers as part of a broader procurement strategy.</p>
<p>In Q2 2025, the Greek wind market posted a P25 price to the LevelTen Price Index for the first time in two years. LevelTen stated that this posting indicates wind contracts are becoming increasingly available for offtakers that are active in the solar-heavy market.</p>
<p><strong>Policy Uncertainty</strong></p>
<p>Trump’s spending and tax bill, which was passed into law on July 4, 2025, repeals or substantially dilutes the 45Y and 48E tax credits for utility-scale wind and solar facilities under the Inflation Reduction Act.</p>
<p>The U.S. President <a title="https://www.mercomindia.com/trump-orders-treasury-to-restrict-wind-and-solar-energy-tax-credits" href="https://www.mercomindia.com/trump-orders-treasury-to-restrict-wind-and-solar-energy-tax-credits" target="_blank" rel="noreferrer noopener">signed</a> an executive order directing the Secretary of the Treasury to terminate the clean electricity production and investment tax credits for wind and solar facilities and implement the enhanced foreign entity of concern restrictions identified in the ‘One Big Beautiful Bill’ Act.</p>
<p>In Europe, the new president of Poland, Karol Nawrocki, has previously criticized EU climate policies and supported coal. LevelTen expects a possible slowdown in the country’s climate progress under this regime.</p>
<p><strong>Rising Electricity Demand</strong></p>
<p>According to the report, tariffs, tax credit uncertainty, and other challenges do not affect the quickly rising U.S. power demand.</p>
<p>The growing number of data centers and rising heat waves are already testing the country’s power grid and load-serving entities, large players in the technology segment and corporate buyers have an increasing and near-term power requirement.</p>
<p>LevelTen cited Lazard’s Levelized Cost of Energy+ report, which states that wind and solar energy remain “the lowest-cost and quickest-to-deploy generation resource” even without the tax credits. In contrast, new gas generation costs are at a 10-year high.</p>
<p>Buyers in Europe are facing a new challenge, PPA prices that keep reducing, considering the value-eroding effects of cannibalization and other market concerns. Hybrid PPAs utilizing battery energy storage systems are attracting increasing interest in this environment, due to their capability to provide considerable performance benefits and support project financials.</p>
<p>According to the International Renewable Energy Agency’s report, global renewable energy capacity additions <a href="https://www.mercomindia.com/92-5-of-new-power-capacity-additions-globally-in-2024-was-renewables-report" target="_blank" rel="noopener">totaled</a> 585 GW in 2024, a record 15.1% growth year-over-year, the highest annual increase since 2000. Renewable energy represented 92.5% of the new power capacity additions globally.</p>


Solar PPA Prices Stagnate in North America, Drop 5% in Europe: LevelTen


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					</table><p>The Singareni Collieries Company (<a href="https://scclmines.com/scclnew/index.asp" target="_blank" rel="noopener">SCCL</a>) has invited bids for the engineering, procurement, and construction of rooftop solar projects with a cumulative capacity of 15 MW in Telangana.</p>
<p>The projects will be implemented on the rooftops of residential colonies and office buildings.</p>
<p>Bids must be submitted by August 25, 2025. Bids will be opened on the same day</p>
<p>Bidders must submit an earnest money deposit of ₹8.4 million (~$97,674). The successful bidder must also furnish a performance bank guarantee for the entire 15 MW capacity.</p>
<p>Additionally, a transaction fee of 0.03% plus 18% GST on the quoted value (capped at ₹10,000 (~$116.28) or ₹25,000 (~$290.70) based on order value and a 0.04% corpus fund contribution to Telangana State Technology Services, subject to the same caps, is applicable.</p>
<p>The solar capacity is distributed across the following eight SCCL areas:</p>
<ul>
<li>1,995 kW in Kothagudem</li>
<li>2,000 kW in Kothagudem Corporate Area</li>
<li>2,730 kW in Manuguru</li>
<li>760 kW in RG-1</li>
<li>2,800 kW in RG-II</li>
<li>230 kW in RG-III</li>
<li>530 kW in Srirampur</li>
<li>3,955 kW in Bhoopalpalli</li>
</ul>
<p>The scope of work includes the design, engineering, procurement, installation, testing, and commissioning of the solar projects. It also includes the operation and maintenance services for 10 years.</p>
<p>The entire project must be completed within 120 days from the date of the letter of intent or purchase order.</p>
<p>Site visits are mandatory, and bidders must submit proof of the same. Minimum daily generation is pegged at 3.75 kWh for every kW with penalties applied in case of shortfall or delays, calculated based on the pooled cost of power as declared by the Telangana Electricity Regulatory Commission.</p>
<p>Bidders must have prior experience in commissioning grid-connected solar projects with a capacity of 4.5 MW in the financial year 2018–19 and 2024–25, along with at least five rooftop solar projects of 50 kW or ten projects of 25 kW capacity, each with a minimum operational history of six months.</p>
<p>Bidders must have a minimum average annual turnover of ₹270 million (~$3.14 million) over the last three years, positive net worth in FY 2023–24, and working capital of ₹180 million (~$2.09 million) or a line of credit from a bank with a net worth of at least ₹5 billion (~$58.14 million).</p>
<p>The modules used must be ALMM-compliant, with a minimum of 540 Wp (Mono PERC or TOPCon), and BIS-certified components.</p>
<p>Recently, SCCL <a href="https://www.mercomindia.com/singareni-collieries-floats-om-tender-for-5-mw-floating-solar-project" target="_blank" rel="noopener">invited</a> bids for the operation and maintenance of a 5 MW floating solar power project at the Singareni Thermal Plant’s water storage reservoir for eight years.</p>
<p>Subscribe to Mercom’s <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener">India Solar Tender Tracker</a> for timely updates on all solar tenders issued by various agencies in India.</p>


Singareni Collieries Floats EPC Tender for 15 MW Rooftop Solar Projects


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					</table><p>The Solar Energy Corporation of India (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>) has issued a Request for Proposal (RfP) to select a supplier for a 600 MW/1,200 MWh standalone grid-connected Battery Energy Storage System (BESS) at Kolimigundla, Nandyal District, Andhra Pradesh.</p>
<p>The project is eligible for grants under the Viability Gap Funding (VGF) program for BESS Tranche-II.</p>
<p>Bids must be submitted by September 10, 2025. The bids will be opened on September 11.</p>
<p>Bidders must furnish an earnest money deposit of ₹421,600 (~$4,900.47)/MW, amounting to ₹252.96 million (~$2.94 million) for the full 600 MW capacity, and a bid processing fee of ₹25,000 (~$290.70) plus GST.</p>
<p>The successful bidder must submit a performance bank guarantee of 10% of the contract value within 20 days of the notice of the award.</p>
<p>The scope of work includes the design, engineering, manufacturing, testing, commissioning, and comprehensive operation and maintenance for 15 years.</p>
<p>The BESS will be connected to the interstate transmission system via the Kurnool-3 substation, Andhra Pradesh.</p>
<p>The BESS capacity will be discharged through power exchanges during the hours specified by SECI.</p>
<p>Bidders must have manufactured and supplied, or have an order book for, batteries designed for grid integration with a cumulative capacity of at least 120 MWh, of which 60 MWh must have been operational for at least six months before the bid deadline.</p>
<p>Alternatively, they must have experience as an integrator, supplier, aggregator, EPC contractor, or developer of grid-interactive BESS of at least 120 MWh cumulative capacity, with 60 MWh operational for a minimum of six months.</p>
<p>Bidders must have a minimum average annual turnover of ₹5.05 billion (~$58.72 million) over the last three financial years.</p>
<p>The net worth of the bidders must have been positive in FY 2024–25. Bidders must have a minimum working capital of ₹2.71 billion (~$31.51 million), or a line of credit for this amount from a scheduled commercial bank.</p>
<p>Liquidated damages for delays involve penalties of 0.5% per week of the undelivered value or uncommissioned capacity, with a maximum of 5% of the contract price. These penalties are applied separately for supply and commissioning delays.</p>
<p>Earlier this year, the government announced that a VGF of ₹1.8 million (~$21,043)/MWh will be provided to support the development of 30 GWh of BESS capacity. The funding will be sourced from the Power System Development Fund, with a total financial outlay of ₹54 billion (~$631.30 million).</p>
<p>Recently, SECI <a href="https://www.mercomindia.com/seci-invites-bids-for-operation-and-maintenance-of-10-mw-solar-project" target="_blank" rel="noopener">invited</a> bids for the operation and maintenance of a 10 MW ground-mounted solar power project in Badi Sid, Rajasthan, for five years.</p>


SECI Invites Bids for 600 MW/1,200 MWh BESS in Andhra Pradesh


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					</table><p>The Ministry of Power (<a href="https://powermin.gov.in/" target="_blank" rel="noopener">MoP</a>) has issued amendments to the operational guidelines of the Viability Gap Funding (VGF) program for Battery Energy Storage System (BESS) projects, which are supported through the Power System Development Fund (PSDF).</p>
<p>The Ministry <a href="https://www.mercomindia.com/viability-gap-funding-guidelines-battery-storage" target="_blank" rel="noopener">issued</a> the operational guidelines for the ₹94 billion (~$1.1 billion) program to provide VGF of up to 40% to develop 4,000 MWh of BESS capacity across the country.</p>
<p>One amendment allows BESS projects to be connected to either the Intra-State Transmission System (InSTS) or the Inter-State Transmission System (ISTS).</p>
<p>The responsibility for arranging grid connectivity and land for the project will be defined clearly in the Request for Selection (RfS) document to be issued for each project.</p>
<p>A new clause has been inserted into the guidelines mandating that the application software for the Energy Management System used in the BESS must be developed in India. This requirement is aimed at promoting domestic technological development in the battery storage sector and reducing dependence on foreign software platforms.</p>
<p>Another significant change is the insertion of a sub-clause that makes it mandatory for the renewable energy implementing agency to ensure that the BESS used in the project meets the requisite quality standards based on the best practices in the industry. It strictly prohibits the use of refurbished battery cells in the execution of any project.</p>
<p>Recently, the government <a href="https://www.mercomindia.com/government-54-billion-vgf-battery-storage" target="_blank" rel="noopener">announced</a> the second tranche of the VGF program to support the development of BESS in India. Under this tranche, a VGF of ₹1.8 million (~$21,043)/MWh will be provided to support the development of 30 GWh of BESS capacity.</p>
<p>Of the proposed 30 GWh, 25 GWh of storage capacity has been allocated across 15 states to help them address their energy storage requirements. NTPC will develop the remaining 5 GWh. The VGF will be disbursed in three stages.</p>


Power Ministry Amends VGF Guidelines for Battery Energy Storage Projects


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					</table><p>Multinational engineering and technology company <a href="https://www.bosch.in/" target="_blank" rel="noopener">Bosch</a> will procure power from a 12.66 MW group captive solar power project set up by <a href="https://www.jsw.in/energy" target="_blank" rel="noopener">JSW Neo Energy</a>&#8216;s special purpose vehicle JSW Renew C&amp;I One in Maharashtra.</p>
<p>The company will invest ₹40.5 million (~$461,236)  in one or more tranches to purchase 4,052,160 shares, each with a face value of ₹10 (~$0.11). The company will maintain a 26% equity stake in JSW Renew C&amp;I One. The investment is expected to close by January 31, 2026.</p>
<p>Bosch, in its bourse filing, noted that the acquisition is not a related party transaction and that the promoter, promoter group, and affiliated companies have no vested interest in the entity slated for acquisition.</p>
<p>JSW Neo Energy specializes in developing and operating renewable energy projects. The company reported a turnover of ₹13.99 billion (~$159.33 million) and a turnover of ₹105.17 billion (~$1.19 billion) in the financial year 2024.</p>
<p>Bosch has set a target to generate 400 GWh from renewable sources by 2030. As of 2024, the company had generated 197 GWh, reaching 49% of its goal. The company has installed solar photovoltaic systems at 139 locations worldwide. Notable examples include installations in Slovakia with 811 kW capacity, in Spain with 750 kW, and in Japan with 1 MW.</p>
<p>In 2024, Bosch covered 99.5% of its global electricity demand with green electricity. The company has also entered into long-term power purchase agreements and purchased 374 GWh of green electricity in 2024.</p>
<p>In terms of global deployment, the highest in-house renewable energy generation is in China (31%), followed by Germany (25%) and India (18%).</p>
<p>Bosch also noted in its 2024 sustainability report that it has been carbon-neutral since 2020 across more than 450 global locations. This was made possible through energy efficiency projects, in-house renewable energy generation, green electricity purchase, and the use of carbon offsets for residual emissions.</p>
<p>Mercom India hosts a multicity &#8216;C&amp;I Clean Energy Meet&#8217; series designed to provide commercial and industrial energy buyers with the knowledge and tools they need to adopt clean energy solutions and lower their power costs. The next Clean Energy Meet event will be held in <a href="https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2025-hyderabad" target="_blank" rel="noopener">Hyderabad</a> on August 22, 2025.</p>
<p><a href="mailto:sales@mercomindia.com?subject=Seeking%20Solar%20Installation%20Guidance%20and%20Vendor%20Recommendations%20for%20Business" target="_blank" rel="noopener">Contact us</a> if you plan to install solar and need guidance or vendor recommendations.</p>


Bosch to Procure Power from JSW Neo’s 12.66 MW Captive Solar Project


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					</table><p>The renewable energy market in the <strong>Middle East and North Africa</strong> (<strong>MENA</strong>) region is <a href="https://www.prnewswire.com/news-releases/mena-renewable-energy-market-to-reach-59-9-billion-by-2030--driving-a-regional-green-energy-boom--bcc-research-llc-302516460.html" target="_blank" rel="noopener">expected</a> to witness a significant boom, reaching a valuation of $59.9 billion by 2030, according to the latest report by <strong>BCC Research</strong>. The study, titled “Renewable Energy Regional Analysis Market: Middle East and North Africa”, forecasts a compound annual growth rate of 14.4% between 2025 and 2030. It highlights a growing shift in MENA economies such as <strong>Saudi Arabia</strong>, <strong>UAE</strong>, <strong>Egypt</strong>, and <strong>Morocco</strong> toward clean energy adoption, while excluding more developed markets like <strong>Turkey</strong> and <strong>Israel</strong> to maintain a focus on emerging opportunities.</p>
<p><strong>Saudi Arabia</strong> is <a href="https://www.chemanalyst.com/NewsAndDeals/NewsDetails/saudi-arabia-unveils-plans-for-world-leading-green-hydrogen-hub-in-yanbu-38295" target="_blank" rel="noopener">launching</a> the Yanbu Green Hydrogen Hub, spearheaded by <strong>ACWA Power</strong> in partnership with <strong>Germany</strong>’s <strong>EnBW</strong>. The facility will feature 4 GW of electrolysis capacity, aiming to produce 400,000 tons of green hydrogen annually, which will be converted to green ammonia for global export. The project aligns with Saudi Arabia’s target of investing $270 billion in energy by 2030 and exporting 10% of the world&#8217;s hydrogen.</p>
<p><strong>Emerge</strong> (a joint venture between <strong>Masdar</strong> and <strong>EDF</strong>) <a href="https://masdar.ae/en/news/newsroom/emerge-and-misk-city-sign-landmark-solar-agreement" target="_blank" rel="noopener">signed</a> a 20-year solar agreement with <strong>Misk City</strong> to deliver 621 kW rooftop solar installations on carports and facilities in Riyadh. This project will support certifications like LEED and ParkSmart. Emerge will provide full turnkey solutions for the projects, including financing, design, construction, operations, and maintenance.</p>
<p><strong>AMEA Power</strong> <a href="https://www.ameapower.com/amea-power-joins-second-phase-of-the-agadir-desalination-project-in-morocco-and-uses-its-wind-farm-in-laayoune-to-generate-150mw-of-green-energy/" target="_blank" rel="noopener">joined</a> the second phase of the Agadir desalination plant in <strong>Morocco</strong>, marking its first water project in <strong>North Africa</strong>. The plant will be powered by 150 MW of wind energy from AMEA’s Laayoune wind farm. Once completed by 2026, the facility will reach a capacity of 400,000 m³/day. The project will be developed in partnership with the Spanish firm, <strong>Cox</strong>. Total investment for this phase is expected to exceed €250 million (~$288.88 million). The wind farm is expected to be commissioned in 2027.</p>


MENA Weekly Roundup: Middle East and North Africa to See Renewables Boom


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					</table><p>NTPC Renewable Energy (<a href="https://ntpcrel.co.in/" target="_blank" rel="noopener">NTPC REL</a>) has invited bids for the supply of crystalline bifacial modules for its upcoming solar projects in Lalitpur and Chitrakoot districts of Uttar Pradesh with a total capacity of 1,000 MW.</p>
<p>The modules must have a minimum rating of 570 Wp.</p>
<p>The project has been split into three main blocks: Lalitpur-1 and Lalitpur-2, each requiring 435 MW DC of modules, and Chitrakoot-1 requiring 580 MW DC. The total module capacity required is 1,450 MW DC, corresponding to a 1,000 MW solar project.</p>
<p>Bids must be submitted by August 19, 2025. Bids will be opened on the same day.</p>
<p>Bidders must furnish an earnest money deposit of ₹100 million (~$1.16 million) for Lalitpur-1 or Lalitpur-2 individually (each 439.35 MW), ₹200 million (~$2.33 million) for all three blocks (totaling 1,464.5 MW), and a bid document fee of ₹22,500 (~$261.63).</p>
<p>The scope of work entails the manufacturing, supply, packing and forwarding, and transportation of the solar modules to the designated project sites. It also involves the supply of an extra 1% of the total module quantity as spares.</p>
<p>Modules must comply with List I of the Approved List of Models and Manufacturers.</p>
<p>Bidders must have manufactured and supplied at least 200 MW of modules or solar cells in any 12-month period during the last five years. One of these orders must have been for at least 50 MW.</p>
<p>Bidders must have a manufacturing capacity of 1.67 times the quoted capacity.</p>
<p>Bidders must have an average annual turnover required, calculated as the quoted capacity (in MW) multiplied by ₹2.44 million (~$28,372.09). They must have a net worth of at least 100% of their paid-up share capital.</p>
<p>Group, holding, or subsidiary companies can also bid through a joint undertaking. If applying as a group, each participating entity must have at least 75% of the required net worth.</p>
<p>Recently, NREL <a href="https://www.mercomindia.com/ntpc-rel-invites-bids-for-a-2-mw-green-hydrogen-electrolyzer" target="_blank" rel="noopener">invited</a> bids to set up a 2 MW green hydrogen generation system/electrolyzer for a green hydrogen mobility project at Sipat, Chhattisgarh.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of tender activity in real-time.</p>


NTPC REL Issues Module Supply Tender for 1 GW Solar Projects


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					</table><p><a href="https://www.ntpcrel.co.in/" target="_blank" rel="noopener">NTPC Renewable Energy</a> has won Solar Energy Corporation of India’s (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>) auction to supply 70,000 tons per annum (TPA) of green ammonia under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program (Mode-2A-Tranche-I).</p>
<p>NTPC quoted a tariff of ₹51.8 (~$0.591)/kg to win the auction.</p>
<p>The green ammonia will be supplied to Krishana Phoschem in Meghnagar, Madhya Pradesh, for ten years.</p>
<p>The tender was initially <a href="https://www.mercomindia.com/seci-invites-bids-for-green-under-sight-program/" target="_blank" rel="noopener">floated</a> in June 2024 and subsequently amended to increase the projects under its scope.</p>
<p>SECI said the discovered price translates to approximately $591/MT, a substantial <a href="https://www.mercomindia.com/acme-cleantech-wins-secis-auction-to-supply-75000-mt-of-green-ammonia/" target="_blank" rel="noopener">drop</a> from the previously discovered price of $641/MT. This 10-year fixed-price bid provides a strong economic rationale for offtakers to initiate their clean energy transition journey.</p>
<p>NTPC Renewable Energy must establish production facilities to supply green ammonia to SECI and secure all approvals and permits, including those for land. It must ensure production, storage, and delivery to the delivery point.</p>
<p>They must also identify land, construct and own the facility, and handle all logistics up to delivery.</p>
<p>The awarded capacity must be produced and supplied directly by the producer, as trading or arbitrage is not permitted. However, NTPC can meet up to 10% of the annual capacity committed through third-party or other sources.</p>
<p>The green ammonia supplied can be produced using renewable energy sourced from either a co-located or remotely located project. The producer or a third party may own these projects. It may also procure renewable energy from the power exchanges.</p>
<p>The Union Cabinet <a href="https://www.mercomindia.com/cabinet-approves-%E2%82%B9197-billion-hydrogen-mission" target="_blank" rel="noopener">approved</a> the National Green Hydrogen Mission to facilitate demand creation, production, utilization, and export of green hydrogen with an initial outlay of ₹197.44 billion (~$2.3 billion).</p>
<p>A large portion of the funding, around ₹174.9 billion (~$1.99 billion), is earmarked for the SIGHT program. The rest of the outlay has been divided among other initiatives, including ₹14.66 billion (~$166.95 million) for pilot projects, ₹4 billion (~$45.55 million) for research and development, and ₹3.88 billion (~$44.18 million) towards other mission components.</p>


NTPC Renewable Energy Wins SECI’s 70,000 TPA Green Ammonia Auction


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					</table><p>Haryana-based battery manufacturer, <a href="https://pesl.co.in/" target="_blank" rel="noopener">Pastiche Energy Solutions</a>, will set up a 1.5 GW lithium iron phosphate battery energy storage system (BESS) manufacturing plant near Chandigarh, Punjab.</p>
<p>Pastiche will invest ₹10 million (~$114,588) in the first phase of the project.</p>
<p>The facility is expected to be commissioned by the third quarter (Q3) of 2025.</p>
<p>The company plans to expand the project capacity to 5 GW.</p>
<p>Pastiche plans to manufacture battery packs for electric vehicles and the BESS segment.</p>
<p>It has received orders for ₹250 million (~$2.86 million) to ₹ 300 million (~$3.4 million).</p>
<p>The company also revealed it is planning for backward integration to manufacture cells at the same facility. It also aims to install a 100 kW to 150 kW solar project to power the facility through clean energy.</p>
<p>Established in 2015, Pastiche manufactures energy storage solutions for residential, commercial, industrial, and utility-scale and grid-scale segments.</p>
<p>It also manufactures battery packs for two-wheelers, three-wheelers, four-wheelers, e-buses, e-trucks, and e-tractors. Additionally, it provides energy storage solutions for medical, telecom, railways, aerospace, and the marine industry.</p>
<p>Pastiche also provides battery solutions for automated guided vehicles and robotics.</p>
<p>According to Mercom India Research’s India’s Energy Storage Landscape, the country <a href="https://www.mercomindia.com/india-added-341-mwh-of-energy-storage-capacity-in-2024" target="_blank" rel="noopener">installed</a> over 341 MWh of BESS in 2024, marking an over sixfold increase from the 51 MWh installed in 2023.</p>
<p>With these additions, India’s total installed battery energy storage capacity stood at approximately 442 MWh as of December 2024. Around 60% of the installed capacity came from solar systems combined with battery storage, 36% from renewable energy integrated with round-the-clock capabilities, approximately 4% from standalone BESS, and 0.05% of the capacity from floating solar with storage projects.</p>
<p>In June 2025, the Ministry of Power <a href="https://www.mercomindia.com/government-54-billion-vgf-battery-storage#:~:text=The%20Ministry%20of%20Power%20has,30%20GWh%20of%20BESS%20capacity." target="_blank" rel="noopener">announced</a> the second tranche of viability gap funding (VGF) to support BESS development in India. Under this tranche, a VGF of ₹1.8 million (~$21,043)/MWh will be provided to support the development of 30 GWh of BESS capacity.</p>


Battery Manufacturer Pastiche to Set Up 1.5 GW BESS Plant in Punjab


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					</table><p>Despite the risks posed by U.S. anti-dumping/countervailing duty (AD/CVD) petitions, Indian solar companies are downplaying potential impacts on their exports.</p>
<p>Solar cell and module manufacturers exporting to the U.S. dismiss claims that Indian companies are selling below cost or that the government has subsidized them.</p>
<p>A few prominent American companies, under the banner of The Alliance for American Solar Manufacturing and Trade (<a href="https://americansolartradecmte.org/" target="_blank" rel="noopener">AASMT</a>), recently <a href="https://www.mercomindia.com/us-trade-petitions-against-solar-exports-india" target="_blank" rel="noopener">filed</a> petitions seeking AD/CVD investigations into solar imports from India, Indonesia, and Laos.</p>
<p>These petitions allege that companies based in India were engaging in illegal trade practices by undercutting the U.S. solar manufacturing industry and flooding the market with cheaper imports. The petitions seek a dumping margin of 213.96% against Indian solar imports.</p>
<p>“I think the investigation has just begun. And there is a pretty long period for these investigations to get completed, and any duty to get effective,” said Vinay Rustagi, Director at Premier Energies, at a recent investors’ call.</p>
<p>He said the two main grounds for any such duty are that the exporters are selling goods at below the cost, which “is definitely not the case in India.” The second main ground is companies receiving government subsidies, which again is not true.</p>
<p>Rustagi said there was no case for U.S. manufacturers to demand any import duties because the cell capacity in the U.S. is “actually very, very limited in relation to the domestic demand. So, for them to claim injury because of any cheap or subsidized imports from India is not actually a legitimate argument. That is why I say that we do not believe that there&#8217;s any kind of solid ground for this investigation.”</p>
<p>Another module manufacturer, Waaree Energies, which has set up facilities in the U.S., concurs. “There is no question of any predatory pricing policy … we are in a position of strength when we are going to talk to the U.S. authorities about the AD/CVD investigation. We will be in a position to defend our case well,” Amit Paithankar, CEO at Waaree Energies, told analysts in a post-earnings call.</p>
<p>The issue figured at the recent <a href="https://www.mercomindia.com/event/renewables-summit-2025" target="_blank" rel="noopener">Mercom India Renewables Summit 2025,</a> where two solar module manufacturers dismissed U.S. companies’ grounds for an AD/CVD probe.</p>
<p>“None of us are supplying modules because we have excess capacity. Neither are we circumventing products from different countries. India also has a strong domestic demand, and our manufacturing sector is not being set up to export,” said Suhas Donthi, President and CEO at Emmvee Group.</p>
<p>Prashant Mathur, CEO at Saatvik Solar, also <a href="https://www.mercomindia.com/india-must-step-up-solar-module-capacity-to-meet-clean-energy-targets" target="_blank" rel="noopener">emphasized</a> that India was not subsidizing solar module manufacturing to sell below cost.</p>
<p>The trade petitions against Indian companies come at a time when the U.S. has emerged as the biggest destination for Indian solar cell and module exports. In the first quarter of 2025, the U.S. <a href="https://www.mercomindia.com/indias-solar-exports-up-26-imports-surge-80-2-qoq-in-q1-2025" target="_blank" rel="noopener">accounted</a> for 99.5% of the total solar exports.</p>
<p>According to Indian government data, solar modules and cells worth $1.5 billion were exported to various countries in 2024. Modules made up 97.7% of total shipments, with cells accounting for 2.3%.</p>


Indian Solar Exporters Claim US Anti-Dumping Petitions Unfounded


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					</table><p>The Chhattisgarh State Electricity Regulatory Commission (<a href="https://cserc.gov.in/" target="_blank" rel="noopener">CSERC</a>) has issued the draft Renewable Purchase Obligation (RPO) and REC Framework Implementation (Second Amendment) Regulations, 2025, proposing sweeping changes to the state’s renewable energy procurement norms.</p>
<p>The amendments introduce new RPO categories, revised multi-year obligation trajectories, mandatory compliance by captive fossil fuel-based cogeneration users, and an energy storage obligation (ESO) applicable to all obligated entities.</p>
<p>These amendments follow major national policy shifts, including the Ministry of Power’s notifications dated October 20, 2023, and April 16, 2025, as well as the Appellate Tribunal for Electricity judgment in February 2024, which mandated RPO compliance for all captive users, including those using fossil fuel-based cogeneration.</p>
<p>The draft is aligned with India’s national commitments towards net-zero emissions by 2070 and the target of achieving 500 GW of non-fossil fuel energy by 2030, as announced at COP-26 in Glasgow.</p>
<p>In 2021, the Commission had <a href="https://www.mercomindia.com/chhattisgarh-releases-draft-rpo-regulations" target="_blank" rel="noopener">issued</a> a draft notification for the state’s RPO and renewable energy certificates framework regulations for 2021-2026.</p>
<p><strong>Revised RPO Trajectories </strong></p>
<p>The amendments introduce a new distributed RPO category, defined as RPO to be fulfilled through renewable energy projects of less than 10 MW capacity. This provision covers installations under net metering, group net metering, virtual net metering, behind-the-meter configurations, and other Commission-approved mechanisms.</p>
<p>The draft specifies the following annual RPO targets for all obligated entities (distribution licensees, open access consumers, and captive users):</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-1.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82718 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-1.png" alt="CSERC RPO 1" width="852" height="248" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-1.png 852w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-1-300x87.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-1-768x224.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-1-650x189.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-1-624x182.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-1-600x175.png 600w" sizes="(max-width: 852px) 100vw, 852px" /></a></p>
<p>For open access and captive users operating fossil fuel-based cogeneration units, a separate obligation is introduced for FY 2026, capped at 50% of the regular target.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-2.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82719 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-2.png" alt="CSERC RPO 2" width="878" height="180" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-2.png 878w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-2-300x62.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-2-768x157.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-2-650x133.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-2-624x128.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-2-600x123.png 600w" sizes="(max-width: 878px) 100vw, 878px" /></a></p>
<p>The amendments specify that wind and hydropower RPOs must be fulfilled through power generated by projects commissioned after March 31, 2024. Other RPOs can be fulfilled using power from older projects commissioned before April 1, 2024.</p>
<p>In the absence of metered data for distributed generation, the Commission will assume a standard generation rate of 3.5 kWh/kW/day.</p>
<p><strong>Energy Storage Obligation </strong></p>
<p>The Commission has proposed a mandatory ESO for all obligated entities, specifying that a portion of the total energy consumed must be met through renewable energy stored in energy storage systems.</p>
<p>The ESO trajectory is as follows:<a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-3.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-82720 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-3.png" alt="CSERC RPO 3" width="598" height="339" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-3.png 598w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/CSERC-RPO-image-3-300x170.png 300w" sizes="(max-width: 598px) 100vw, 598px" /></a></p>
<p>To qualify for RPO compliance, at least 85% of the energy stored must originate from renewable sources. The energy discharged from these systems will count towards the total RPO.</p>
<p><span data-teams="true">In April this year, the Bihar Electricity Regulatory Commission also <a id="menurbto" class="fui-Link ___1q1shib f2hkw1w f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1s184ao f1mk8lai fnbmjn9 f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh fhgqx19 f1olyrje f1p93eir f1nev41a f1h8hb77 f1lqvz6u f10aw75t fsle3fq f17ae5zn" title="https://www.mercomindia.com/bihar-adds-distributed-renewable-energy-to-its-proposed-rpo-targets" href="https://www.mercomindia.com/bihar-adds-distributed-renewable-energy-to-its-proposed-rpo-targets" target="_blank" rel="noreferrer noopener" aria-label="Link proposed">proposed</a> a distributed renewable energy RPO for the financial year (FY) 2030. </span></p>
<p>Subscribe to Mercom’s real-time <a href="https://mercomindia.com/product/mercoms-renewable-energy-regulatory-updates/" target="_blank" rel="noopener">Regulatory Updates</a> to ensure you don’t miss any critical updates from the renewable industry.</p>


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