Corporate funding for energy storage companies came in at $11.2 billion across 85 deals in the first nine months (9M) of 2025, down 36% year-over-year (YoY) from $17.6 billion across 83 deals, according to Mercom Capital Group’s 9M and Q3 2025 Funding and M&A Report for Energy Storage. Venture capital (VC) funding for energy storage companies in 9M 2025 totaled $2.8 billion across 56 deals, representing a 4% increase from $2.7 billion across 61 deals in 9M 2024.

The Ministry of New and Renewable Energy (MNRE) clarified that there will be no blanket cancellation of projects awarded by renewable energy implementing agencies (REIAs) where power sale agreements (PSAs) remain unsigned. Instead, the Ministry will adopt a case-by-case approach, emphasizing grid readiness, transmission capacity, and market reforms to ensure sustainable expansion. MNRE stated that it is conducting detailed due diligence on all unsigned PSAs. REIAs have been directed to categorize projects based on their likelihood of securing PSAs with end procurers, considering factors such as configuration of renewable supply, discovered tariffs, and connectivity timelines.

The Jodhpur Vidyut Vitran Nigam increased the tariff payable to residential consumers with rooftop solar systems under a net metering arrangement to ₹3.26 (~$0.036)/kWh. The tariff has been increased by 20% from ₹2.71(~$0.03)/kWh. For consumers with a net billing arrangement, the tariff is now ₹3.65 (~$0.04)/kWh, a 20% increase from ₹3.04(~$0.034)/kWh. The distribution company has issued the revised tariffs by amending the regulations for grid-connected projects titled ‘RERC Grid Interactive Distributed Renewable Energy Generating System’.

Sadbhav Futuretech won a contract to install 90 MW of rooftop solar systems on the residences of Scheduled Castes and Scheduled Tribes under the PM Surya Ghar: Muft Bijli Yojana program, in the state of Andhra Pradesh. The total estimated project cost is ₹5.09 billion (~$57.34 million). The scope of work encompasses the design, engineering, supply, installation, testing, and commissioning of residential solar systems across 45,000 households in the state, followed by the operation and maintenance of these systems for a period of five years.

NTPC Vidyut Vyapar Nigam (NVVN) invited bids to develop a 1 MW grid-connected ground-mounted solar project at GAIL Ajmer, Rajasthan. Only bidders already empaneled with NVVN are eligible to participate in the tender. Bids must be submitted by November 24, 2025. Bids will be opened on November 25. The scope of work includes the complete design, engineering, supply, civil construction, erection, testing, commissioning, operation, and maintenance of the solar project for five years from the commissioning date.

Tata Capital (TCL), the financial services company of the Tata Group, partnered with the Green Climate Fund (GCF) under its newly approved BEACON India program to support early-stage climate tech startups in India, investing a total of $66.45 million. TCL is collaborating with the Small Industries Development Bank of India and the Tiruchirappalli Regional Engineering College-Science and Technology Entrepreneurs Park to implement the program. GCF will provide TCL with a revolving facility of $15.85 million, with an additional $3 million grant to make financing more affordable for climate-focused startups.

Gurgaon-based independent power producer ACME Solar Holdings posted a revenue of ₹6.01 billion (~$67.81 million) in the second quarter (Q2) of the financial year (FY) 2026, a 103.8% increase YoY from ₹2.95 billion (~$33.28 million). The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled ₹5.34 billion (~$60.25 million), up 108.3% from ₹2.56 billion (~$28.88 million) in the same quarter of the previous year. The company’s profit after tax grew 652.1% to ₹1.15 billion (~$12.97 million) from ₹150 million (~$1.69 million) in Q2 FY25.

The Indian Energy Exchange traded 11,233 million units of electricity in October 2025, representing a 16.5% YoY increase. According to the government data published in September 2025, India’s energy consumption reached 132 billion units, declining 6% YoY. Enhanced wind, solar, and hydropower generation, combined with a steady supply from coal-based generation, resulted in higher liquidity on the exchange platform, leading to a decline in Day Ahead Market and Real Time Electricity Market prices. The demand was also subdued due to prolonged monsoons.

Norway-based renewable energy solutions provider Scatec posted a revenue of NOK2.95 billion (~$291.73 million) in the third quarter (Q3) of 2025, a 22% YoY increase from NOK2.14 billion (~$211.61 million). The company’s EBITDA fell to NOK1.06 billion (~$104.81 million) from NOK1.52 billion (~$150.19 million) in Q3 2024. Net profit was NOK5 million (~$496,398) compared to NOK1.64 billion (~$162 million) in Q3 2024. The quarterly drop reflects both the absence of last year’s disposal gains and a lower contribution from joint ventures and associates, notably a NOK130 million (~$12.9 million) impairment on the Mendubim power project in Brazil.