India is witnessing rapid adoption of bifacial modules in rooftop solar installations driven by the decreasing availability of monofacial alternatives and the promise of higher energy yields. Bifacial modules capture sunlight from both sides, offering higher system efficiency. However, many installations fail to consider the structural requirements to optimize bifacial performance.

The Punjab State Electricity Regulatory Commission approved the Punjab State Power Corporation’s (PSPCL) procurement of 400 MW of solar power from SAEL Industries at a tariff of ₹2.97 (~$0.0340)/kWh. The Commission determined the adopted tariff was reasonable and conformed to the prevailing market rates. It also observed that PSPCL’s power procurement was necessary and adhered to government regulations.

Another public sector enterprise entered India’s renewable energy financing landscape at a time when mobilizing funds for the sector is considered key to installing 500 GW of non-fossil fuel-based energy capacity by 2030. Government-owned Indian Railway Finance Corporation, the dedicated funding arm of the Indian Railways since 1986, is now expanding into sectors with forward and backward linkages to railways, such as power generation and transmission.

Power Grid Corporation of India received a letter of intent from PFC Consulting to establish an interstate transmission system at Kurnool-III PS, Andhra Pradesh, to integrate 4.5 GW of renewable energy. The project comprises augmentation of transformation capacity at the existing Kurnool-III substation and extension works at the existing C’peta substation along with a 765 kV direct current transmission line.

Smart energy storage company Stem reported a revenue of $55.8 million in the fourth quarter (Q4) of 2024, a 67% year-over-year decrease from $167.4 million. The declining revenue was caused by reduced battery hardware sales, partly attributable to the company’s software-focused strategy introduced last year. The company’s net loss widened to $51.1 million, a 35% increase from a net loss of $37.7 million in Q4 2023. It attributed the rising losses to lower revenue and losses suffered under the generally accepted accounting principles.