The Appellate Tribunal for Electricity overturned an order passed by the Jharkhand State Electricity Regulatory Commission (JSERC) granting an exemption from Renewable Purchase Obligations (RPO) to Tata Steel. JSERC had earlier exempted Tata Steel from its RPO from 2011 to 2014.

The Union Budget 2025 received strong industry support for its emphasis on clean energy, domestic manufacturing, and infrastructure development. The budget, presented to Parliament by Finance Minister Nirmala Sitharaman last week, has introduced several initiatives under the National Manufacturing Mission focused on strengthening India’s role in the global renewable energy supply chain.

The Central Electricity Regulatory Commission approved Solar Energy Corporation of India’s (SECI) tariff of ₹2.48 (~$0.028)/kWh for 450 MW solar power projects. The Commission also approved a trading margin of ₹0.07 (~$0.0008)/kWh. SECI has been designated the nodal agency for implementing interstate transmission system (ISTS)-connected/state-specific solar/ wind power project programs.

Distribution companies (DISCOMs) owed power generators ₹615.95 billion (~$7.07 billion) in total dues for the monthly billing cycle in January 2025, according to the Ministry of Power’s payment ratification and analysis portal PRAAPTI. The DISCOMs owed power generators ₹672.91 billion (~$7.72 billion) in December. The outstanding dues, excluding the latest monthly dues of ₹353.36 billion (~$4.05 billion), are ₹262.6 billion (~$3.01 billion).

Gurugram-based mobile tower installation company Indus Towers will source 50 MW of renewable energy from Amplus Tungabhadra, a special purpose vehicle of Amplus Energy, in captive mode. The company will invest ₹270 million (~$3.1 million) to acquire a 26% stake in Amplus Tungabhadra on a fully diluted basis. Amplus Tungabhadra will set up a 50 MW solar captive power project for Indus Towers. The project is expected to be completed by February 2026.

Solar module and cell manufacturer Premier Energies reported a total income of ₹17.49 billion (~$200.86 million) in the third quarter (Q3) of the financial year (FY) 2025, a 144.76% year-over-year (YoY) increase from ₹7.15 billion (~$82.09 million). The company’s quarterly earnings before interest, taxes, depreciation, and amortization (EBITDA) also rose 337.76% YoY to ₹5.49 billion (~$63.03 million) from ₹1.26 billion (~$14.46 million).

ACME Solar Holdings reported a consolidated revenue of ₹4.01 billion (~$48.46 million) for the Q3 of the FY 2025, a 9.9% YoY growth from ₹3.65 billion (~$44.06 million) and a 35.8% increase from ₹2.95 billion (~$35.68 million) in Q2 FY 2025. The company attributed the revenue growth to the phased commissioning of a 1,200 MW project for the Solar Energy Corporation of India.