The Ministry of Power amended its tariff-based competitive bidding process guidelines for procuring power from wind, solar, wind-solar hybrid, and firm and dispatchable renewable energy projects with an energy storage system. The Ministry had issued bidding guidelines for wind-solar hybrid projects, wind, and solar projects in 2023.

The Central Electricity Regulatory Commission adopted tariffs ranging between ₹3.43 (~$0.0395)/kWh and ₹3.46 (~$0.0398)/kWh for 1,200 MW wind-solar hybrid power projects (Tranche-VIII). The tariffs were discovered through a competitive bidding process conducted by the Solar Energy Corporation of India (SECI). The Commission directed SECI to ensure the completion of the power purchase agreements and power sale agreements.

Madhya Pradesh Urja Vikas Nigam issued a request for proposal to develop rooftop solar projects with a cumulative capacity of 2.215 MW on government buildings in Chhindwara, Dhar, and Seoni districts. The projects in Chhindwara will have a capacity of 803 kW, those in Dhar will have a capacity of 829 kW, and Seoni-based projects will have a capacity of 583 kW.

NHPC issued a request for selection to set up 19.20 MW rooftop solar projects on government buildings in Haryana under the renewable energy service company model. The scope of work entails the design, engineering, procurement and supply of equipment and material, multi-level inspections, packing, forwarding, receipt, unloading and storage, and associated civil works.

Kolkata-based solar module manufacturer Vikram Solar increased the manufacturing capacity of its Falta facility in West Bengal by 1 GW. The manufacturing lines in the facility at Oragadam in Chennai, Tamil Nadu, have also been upgraded to produce tunnel oxide passivated contact and heterojunction technology solar modules. These initiatives are set to boost Vikram Solar’s annual nameplate production capacity to 4.5 GW.

The U.S. community solar market installed a record-breaking 1.7 GW of capacity in 2024, a 35% increase from 2023, according to a new report by Wood Mackenzie in collaboration with the Coalition for Community Solar Access. The report said long-term growth of the community solar market, however, hangs in the balance because of the policy uncertainty in the U.S. New York, Maine, and Illinois led the growth, with all three states breaking annual records and accounting for 83% of national volumes. Cumulative community solar installations are now at 8.6 GW.

Israel-based solar inverter manufacturer SolarEdge reported revenues of $196.21 million in the fourth quarter of 2024, a 37.9% year-over-year decline from $316 million. However, the revenue beat analysts’ expectations by $6.99 million. The company’s solar segment contributed $189 million in revenue, down from $282.4 million in the same quarter last year. Solar revenue from the U.S. was $114 million, Europe was $44.8 million, and the international solar market was $30.3 million.