The Bihar Electricity Regulatory Commission proposed including a new category of distributed renewable energy in its Renewable Power Obligation (RPO) for the financial year (FY) 2030. The proposed targets were published in the draft Bihar Electricity Regulatory Commission (Renewable Purchase Obligation. The Commission has proposed a target of fulfilling 4.5% of RPO requirements through distributed renewable energy by FY 2030.

The Madhya Pradesh Electricity Regulatory Commission (MPERC) allowed a developer to enhance the direct current capacity of its 25 MW solar project, provided the developer adheres strictly to the existing contractual terms and regulatory framework. However, the Commission has also emphasized that any augmentation should not exceed the contracted alternating current capacity per the power purchase agreement.

Resonia (Sterlite Power) bagged PFC Consulting’s transmission works to augment the interstate transmission system at the Ananthapur-II Renewable Energy Zone (Phase I) in Andhra Pradesh to evacuate 4.5 GW of renewable energy. The company won the transmission works at an annual transmission charge of ₹4.48 billion (~$52.48 million).

Jodhpur Vidyut Vitran Nigam invited expressions of interest to develop cumulative 2,360.5 MW solar power projects through the renewable energy service model under Component A of Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan Yojana. The scope of work entails the design, survey, installation, testing, and commissioning of solar projects across 26 locations in Jodhpur. It also involves providing operation and maintenance services for 25 years.

Numaligarh Refinery (NRL) invited expressions of interest to identify power suppliers for its refinery in Golaghat, Assam. The company is seeking about 100 MW of fully dispatchable power, with a minimum of 20 MW from renewable sources, to support a green hydrogen project. NRL also requires an additional 100 MW of power from FY 2026 onwards. The scope of work entails delivering power to NRL at the interconnection point with the state transmission utility at the refinery’s 220 kV substation. It also includes supplying renewable or non-renewable energy to NRL per the load demand, which may vary from time to time.

Government-owned lender Indian Renewable Energy Development Agency (IREDA) announced a 27% rise in loan approvals for FY 2025, as per provisional data. IREDA’s loan approvals stood at ₹474.53 billion (~$5.5 billion) in FY 2025 compared to ₹373.54 billion (~$4.3 billion) in FY 2024. In the previous year (FY 2024), the year-over-year growth in loan approvals was 14.63%.

Solar engineering, procurement, and construction company Prozeal Green Energy filed its draft red herring prospectus for its ₹7 billion (~$81.81 million) initial public offering with the market regulator, the Securities and Exchange Board of India. The offer comprises a fresh issue of shares with a face value of ₹2 (~$0.023) each, aggregating up to ₹3.5 billion (~$40.91 million), and an offer for sale of shares with the same face value, also aggregating up to ₹3.5 billion (~$40.91 million).

Electric vehicle (EV) sales in India reached 514,198 units in the first quarter (Q1) of 2025, an increase of over 3% year-over-year against the 499,930 units sold in the same period of 2024. EVs accounted for 8% of overall automobile sales, which totaled 6,371,476 units in Q1 2025, according to data released by the Ministry of Road Transport and Highways through its Vahan Dashboard.

Distribution companies (DISCOMs) owed power generators ₹528.6 billion (~$6.17 billion) in total dues for the monthly billing cycle in March 2025, according to the Ministry of Power’s payment ratification and analysis portal PRAAPTI. The DISCOMs owed power generators ₹645.77 billion (~$7.4 billion) in February. The outstanding dues, excluding the latest monthly dues of ₹305.39 billion (~$3.56 billion), are ₹223.2 billion (~$2.6 billion).

Germany-based solar energy equipment supplier SMA Solar Technology reported a 19.7% decline in its 2024 revenue, primarily due to a significant decrease in sales in the home solutions segment. The company’s full-year revenue totaled €15.30 billion (~$16.83 billion), down from €19.04 billion (~$20.50 billion) in the previous year. The year-on-year decrease in revenue reflects the decline in business development in the home and commercial and industrial solutions segments.