The Ministry of Power introduced amendments to the standard bidding documents for procuring interstate transmission services (ISTS) through a tariff-based competitive bidding process. These amendments apply to the establishment, operation, and maintenance of transmission projects on a build, own, operate, and transfer basis. The revisions aim to address challenges in land acquisition while improving the transmission projects’ feasibility and flexibility.

Solar module manufacturer WorldOne Energies commissioned a 1.2 GW solar module manufacturing facility in Nagpur, Maharashtra. The facility will produce N-type tunnel oxide passivated contact mono and bifacial modules ranging from 525 Wp to 650 Wp. The company claims the new facility operates 33% faster than standard Indian production lines. Setting up the manufacturing line exceeded costs of ₹2 billion (~$23.4 million).

Government-owned transmission utility Power Grid Corporation of India (POWERGRID) announced it would raise up to ₹60 billion (~$720 million) through a private placement of bonds. The eighty-first issue of POWERGRID bonds (2025-26) includes a greenshoe option of ₹45 billion (~$540 billion) and a base issue size of ₹15 billion (~$180 million). The bonds will be unsecured, non-convertible, non-cumulative, redeemable, and taxable. These bonds will carry a 10-year tenure. Interest payments on the bonds will be made annually.

Solar energy financing firm Aerem secured ₹1 billion (~$11.7 million) from Japan-based venture capital firm University of Tokyo Edge Capital Partners in a Series A funding round. Other investors in the funding included British International Investment, SE Ventures, and Riverwalk Holdings. Existing investors, Blume Ventures and Avaana Capital, also participated in this round. The investment is in addition to debt capital from leading financial institutions, including IDFC, AU Small Finance, Axis Bank, Northern Arc, MAS Financials, and Vivriti Capital.

The Indian Energy Exchange (IEX) achieved the highest-ever electricity traded volume of 121 billion units (BU) in the financial year (FY) 2025, a 19% year-over-year (YoY) increase. In the fourth quarter (Q4) of FY 2025, IEX achieved a record quarterly electricity traded volume of 31,747 MU, an 18% increase from the same period of the previous year. IEX Green Market traded a volume of 1,925 MU in Q4 FY 2025, a 100% YoY increase.