The PM Surya Ghar: Muft Bijli Yojana and the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan are the government’s key initiatives to help homeowners and farmers become energy prosumers. However, the increasing cost and limited supply of solar modules complying with domestic content requirements (DCR) threaten these programs’ progress. DCR module prices have surged following the Ministry of Finance’s decision to impose provisional anti-dumping duties on solar glass imports from China and Vietnam.

The Central Electricity Regulatory Commission (CERC) approved the Solar Energy Corporation of India’s (SECI) petition to adopt a tariff of ₹2.6 (~$0.03)/kWh for 900 MW interstate transmission system (ISTS)-connected solar power projects (Tranche- XI). It also approved a trading margin of ₹0.07 (~$0.0008)/kWh. The petitioner, SECI, had invited bids to select developers for 2,000 MW ISTS-connected solar projects.

CERC approved Calcutta Electric Supply Corporation’s (CESC) petition to procure electricity from Purvah Green Power at a tariff of ₹2.69 (~$0.031)/kWh. The Commission also approved CESC’s bidding process deviations from the ‘Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects.’

The Appellate Tribunal for Electricity condoned a 70-day delay in commissioning ACME Heergarh Powertech (AHPPL)’s 300 MW solar power project in Rajasthan. AHPPL, a special-purpose vehicle of ACME Solar Holdings, was granted a 104-day extension recognizing the COVID-19 pandemic and supply disruption in China as a force majeure event. The Tribunal also dismissed an earlier order by the Maharashtra Electricity Regulatory Commission imposing liquidated damages for the delay.

The Bihar Electricity Regulatory Commission approved a petition filed by the Bihar State Power Holding Company to procure 170 MW of power from SJVN’s ISTS-connected wind projects for 25 years. After adding multiple amendments and conditions, the commission approved the draft power sale agreement. The procurement involves sourcing 70 MW of wind power at ₹3.98 (~$0.046)/kWh and 100 MW at ₹3.99 (~$0.046)/kWh, along with a trading margin of ₹0.07 (~$0.0008)/kWh payable to SJVN.

Central Mine Planning and Design Institute, a subsidiary of Coal India, invited bids to implement a grid-connected 1,300 kW rooftop solar power project for Northern Coalfields (NCL). The project will be implemented at the integrated water supply system, the Khadia, Kakri, and Bina mines, and the NCL area in Uttar Pradesh. The project must be completed within 12.5 months of the award.

Wind energy solutions provider Inox Wind reported a revenue of ₹9.94 billion (~$114.02 million) in the third quarter (Q3) of the financial year (FY) 2025, a 96% year-over-year (YoY) increase from ₹5.07 billion (~$58.16 million). The company’s quarterly earnings before interest, taxes, depreciation, and amortization also rose 192% YoY to ₹2.9 billion (~$33.26 million) from ₹994.9 million (~$11.41 million). The company’s quarterly net profit sustained its growth momentum from the previous quarters, reaching ₹1.12 billion (~$12.84 million) from ₹18.1 million (~$207,612).

GAIL (India) announced an increase in its startup investment fund from ₹1 billion (~$11.53 million) to ₹5 billion (~$57.67 million). The increased fund will be deployed to nurture promising startups focusing on clean energy, renewables, energy storage, electric mobility, and digital transformation. GAIL launched ‘Pankh’ in July 2017 to support promising start-ups. Since its inception, the initiative has invested in 36 startups across multiple sectors, including compressed biogas, electric mobility, and environmental solutions.

Waaree Energies’ net profit for the Q3 of FY 2024-25 rose 260% to ₹5.07 billion (~$58.54 million) from ₹1.41 billion (~$16.28 million) a year ago. The company’s revenue increased 114.63% YoY to ₹35.45 billion (~$409.31 million) from ₹16.52 billion (~$190.74 million). Revenue from solar modules, the company’s primary source of revenue, rose 122% to ₹31.08 billion (~$358.11 million) in the October to December quarter, compared to ₹14.02 billion (~$161.54 million) in the same period a year ago.