Power Grid Corporation of India (POWERGRID) received a letter of intent from REC Power Development and Consultancy (RECPDCL) to establish a 765 kV interstate transmission system between Parli New, Maharashtra, and Bidar, Karnataka, on a build, own, operate, and transfer basis. The Parli New–Bidar double circuit transmission line will include the construction of two 765 kV line bays at each end, as well as the Parli New and Bidar pooling stations (PS). The line will also include 765 kV, 240 MVAr static line reactors at the Bidar PS, comprising six 80 MVAr switchable units.

Commercial and industrial solar continues to be one of the fastest-growing segments in India’s renewable energy market. With increasing pressure on businesses to cut operating costs and reduce dependence on grid electricity, rooftop and captive solar systems have gained prominence across manufacturing, services, and agricultural enterprises. Financing, however, remains the critical element that determines the success of adoption in this segment. Public and private sector banks are well-positioned to influence the transition to clean energy, as they have a direct connect with businesses and control over who receives or does not receive the financing.

The Central Electricity Regulatory Commission approved tariffs of ₹4.25 (~$0.047)/kWh and ₹4.26 (~$0.047)/kWh for SJVN to procure 1.2 GW of power from firm and dispatchable renewable energy projects, along with a greenshoe option of 1.2 GW. The Commission stated that the approved trading margin will be in accordance with the power sale agreements to be signed between SJVN and the distribution companies for the remaining 1,200 MW capacity. SJVN floated a tender for the supply of 1,200 MW of firm and dispatchable renewable energy from interstate transmission system-connected projects with energy storage systems. It also included an additional greenshoe option for 1,200 MW capacity.

Solar energy management company Kalpa Power launched WATTBANK, a productized battery energy storage (BESS) service for commercial and industrial businesses. The BESS, integrated with a 130 kW solar installation system, powers the Amar Business Zone in Pune, Maharashtra. WATTBANK claims to provide 50% savings on evening peak tariffs from day one. The BESS charges during the day using solar energy and automatically supplies power during the peak evening hours. It also helps businesses manage fluctuations in electricity demand, improve grid stability, and reduce overloading issues.

The Solar Energy Corporation of India issued a tender to select developers for the assured peak supply of 4,800 MWh (1,200 MW X4 hours) of firm and dispatchable renewable energy from interstate transmission-connected projects with co-located energy storage systems (FDRE-Tranche VII). Bids must be submitted by October 31, 2025. Bids will be opened on November 11. Bidders must furnish an earnest money deposit of ₹954,000 (~$10,759)/MW for solar projects, ₹1.33 million (~$15,028)/MW of wind or other renewable energy sources, and ₹235,450 (~$2,655)/MWh of energy storage systems. They must also submit a document fee of ₹50,000 (~$564) plus GST, and a bid processing fee of ₹20,000 (~$226)/MW, subject to a cap of ₹2 million (~$22,560) plus GST

.The National Institute of Solar Energy invited proposals for pilot projects from startups developing innovative technologies in green hydrogen production and utilization. Bids must be submitted by October 13, 2025. Under the National Green Hydrogen Mission, with an outlay of ₹194 billion (~$2.18 billion), the Ministry of New and Renewable Energy (MNRE) intends to support pilot projects focused on the production and use of green hydrogen. MNRE issued revised program guidelines for implementing pilot projects using green hydrogen and its derivatives in the residential, commercial, and decentralized sectors, which were previously not addressed in earlier programs.

.The Energy Management Centre invited expressions of interest to deploy behind-the-meter, intelligent BESS residential and commercial establishments in Kerala. Bids must be submitted by October 31, 2025. Bids will be opened on November 3. The scope of work encompasses building a strategic ecosystem of technology providers that can supply, install, operate, and maintain advanced BESS. The BESS must be integrated with intelligent inverters and energy management systems.

The Solar Energy Corporation of India’s first-ever ₹6 billion (~$71.86 million) debenture issue was subscribed over 3.5 times. The unsecured, rated, non-cumulative, non-convertible, redeemable, and taxable debentures were listed on the National Stock Exchange. The offering received a strong response from investors, garnering 43 bids totaling ₹21.56 billion (~$258.14 million). The debentures carry a coupon rate of 7.14% per annum, with a tenure of 10 years. The proceeds from the debenture issue will be used to fund renewable energy projects, recoup capital expenditure already incurred on projects, and other general corporate purposes.

Uttar Pradesh-based engineering, procurement, and construction services company Solarworld Energy Solutions debuted on the stock exchanges after its ₹6 billion (~$71.6 million) initial public offering was oversubscribed 65 times. The price band was set at ₹333 (~$3.75) to ₹351 (~$3.95) per equity share, with a face value of ₹5 (~$0.06). The IPO saw bids for 526 million shares, exceeding the 8.09 million shares on offer. Qualified institutional buyers led the demand, with a subscription rate of 70.43%, followed by non-institutional investors at 64.73%. The portion allocated to the retail individual investors was oversubscribed by 49.15 times.

The board of directors and the shareholders of Ola Electric Technologies, a wholly owned subsidiary of Ola Electric Mobility, approved a proposal to raise ₹8.77 billion (~$98.92 million) by issuing up to 877.64 million shares to Ola Cell Technologies, another subsidiary. The non-cumulative and non-participating optionally convertible redeemable preference shares will have a face value of ₹10 (~$0.11) each, and will be issued in one or more tranches through private placement. Ola Electric manufactures electric vehicles, batteries, motors, and frames.

SJVN Green Energy, a wholly-owned subsidiary of SJVN, achieved commercial operation of 128.88 MW out of the 1,000 MW Bikaner solar power project. The project has achieved a total commissioned capacity of 629 MW out of 1,000 MW, and the remaining capacity is expected to be commissioned soon. Rajasthan led in large-scale solar capacity additions for the second quarter (Q2) of 2025, accounting for 33.7% of installations, according to Mercom India Research’s Q2 2025 India Solar Market Update.

Solar module manufacturer Alpex Solar raised ₹2.6 billion (~$29.27 million) through a preferential issue of 2.15 million equity shares and warrants. The funds will be utilized to support the company’s plans to transform Alpex into an integrated solar cell and module manufacturer. The preferential issue attracted participation from private investors and funds, with a few already having exposure to renewable energy projects. Alpex plans to triple its solar module capacity to 3.6 GW by the end of the financial year (FY) 2027, from 1.2 GW. The company plans to commence the first phase of the trial production of solar cells soon.

The U.S. Department of Energy plans to return more than $13 billion that had been approved under the Biden administration to incentivize the development of renewable energy projects. U.S. Secretary of Energy Chris Wright said the decision reflects the Trump administration’s focus on more affordable, reliable, and secure American energy and on careful stewardship of taxpayer dollars..