The Central Electricity Regulatory Commission (CERC) declared a hike in Goods and Services Tax (GST) from 5% to 12% to 18% as a change in law event. It allowed Beempow Energy, backed by O2 Power, to seek compensation. Beempow can receive compensation up to ₹20 million (~$229,700), which will be paid at a discount of 9.12% for 15 years. CERC also allowed carrying costs for the period against which Beempow paid the higher GST.

The Northern Railway, Moradabad division, issued two tenders to set up solar projects with a combined capacity of 2.791 MW at residential and service buildings and level crossing gates. The scope of work for both projects involves designing, supplying, testing, and commissioning the solar project. The project must use monocrystalline passivated emitter and rear cell (PERC) half-cut type modules, string inverters with maximum power point tracking and remote data logging capabilities, and aluminum mounting structures.

Global e-commerce company Amazon will procure 379 MW of clean energy from three wind farms in Karnataka, Maharashtra, and Tamil Nadu. The company will procure power from CleanMax’s 100 MW wind project in Koppal, Karnataka, BluPine’s 99 MW wind project at Solapur in Maharashtra, and JSW Energy’s 180 MW wind project at Dharapuram in Tamil Nadu. Amazon signed power purchase agreements (PPAs) with the three companies. With these projects, Amazon will have 53 solar and wind power projects, capable of generating more than 4 MWh of energy annually.

Microinverter and battery storage supplier Enphase Energy recorded total revenue of $382.71 million in the fourth quarter (Q4) of 2024, reflecting a 26.5% year-over-year (YoY) increase and exceeding analyst expectations by $5.21 million. The company’s revenue in the U.S. increased approximately 6% sequentially, driven by higher microinverter sales, while revenue in Europe declined by 25% due to softening regional demand. The company’s U.S. and international revenue mix for Q4 stood at 79% and 21%, respectively.

Solar PPA prices in the U.S. rose by a modest 0.3% quarter-over-quarter in the Q4 of 2024, according to LevelTen’s Market-Averaged Continental Index. A steep drop in Alberta Electric System Operator (AESO) largely muted the upward price movement. Removing AESO, the rise in solar PPA prices was a more substantial 3.3% quarterly increase across the U.S. Despite uncertainty in the PPA market, growing energy requirements from data centers continued to fuel clean energy demand in 2024, according to the report.

Integrated power company Tata Power reported a ₹11.88 billion (~$136.4 million) profit after tax (PAT) in Q3 of the financial year (FY) 2025, a 10% YoY increase from ₹10.76 billion (~$123.57 million). The company’s PAT for its renewable business in Q3 FY 2025 grew 59% to ₹2.14 billion (~$24.57 million). Revenue increased to ₹151.18 billion (~$1.73 billion), a 2% YoY growth from ₹148.41 billion (~$1.7 billion). Tata Power’s rooftop solar business revenue grew 15 % to ₹5.09 billion (~$58.45 million) in the quarter.

U.S.-based crystalline solar cell producer ES Foundry opened a high-volume solar cell manufacturing facility in Greenwood, South Carolina. The facility is expected to achieve a shipment capacity of 3 GW by Q3 of 2025. The company aims to manufacture crystalline bifacial PERC solar cells to meet the increasing demand for domestically manufactured solar modules. ES Foundry said the facility will contribute to the Solar Energy Industries Association’s goal of achieving 100 GW of renewable energy manufacturing capacity, including 50 GW of solar production by 2030.

Türkiye’s Ministry of Energy and Natural Resources awarded 800 MW of solar capacity in the latest round of its Yenilenebilir Enerji Kaynak Alanları (YEKA – Renewable Energy Resource Areas) program. The projects will be set up in Konya, Karaman, Malatya, Van, Antalya, and Kütahya. Selected bidders can sell the electricity they produce in the free market for 60 months after signing the contract. The electricity generated thereafter will be fed into the transmission system at $0.0325/kWh for 20 years. The projects aim to prevent the import of 300 million cubic meters of natural gas, equivalent to $3 billion considering the 20-year purchase process.