Indian Oil Corporation invited bids for the engineering, procurement, and construction (EPC) of a 1 MW grid-connected solar power project at its LPG bottling plant in Tikri Kalan, Delhi, along with five years of comprehensive operation and maintenance services. The project will be set up under a group net metering mechanism with the Indian Oil Bhawan in Yusuf Sarai, New Delhi. Bidders should have completed three similar works each costing at least ₹18.08 million (~$203,649), two similar works each costing at least ₹24.11 million (~$271,570), or one work costing at least ₹30.13 million (~$339,378) during the last seven years.

NLC India commissioned 106 MW as part of the second phase of its 300 MW solar project at Barsingsar in Bikaner, Rajasthan. The first phase of the project, with a capacity of 52.83 MW, was declared commercially operational on August 26, 2025. The total commissioned capacity of the project now stands at 158.83 MW out of the total planned 300 MW with the completion of the second phase.

Maharashtra-based agri-solar solutions provider GK Energy entered into a definitive agreement with an undisclosed domestic manufacturer to procure 875 MW of domestic content requirement compliant solar cells, comprising 450 MW of mono PERC and 425 MW TOPCon cells. GK Energy said the procurement will support its current and future solar projects across multiple states. According to the agreement, GK Energy is expected to receive the solar cells by March 31, 2027. Apart from supplying the solar cells, the supplying company must adhere to the delivery timelines and the quality assurance parameters.

EPC company Hartek Group commissioned a 300 MW solar power project in Rajasthan. The company had won the contract from an independent power producer at an estimated cost of ₹4.74 billion (~$53 million) in 2024. As of now, Hartek has developed more than 400 extra-high voltage (EHV) and high-voltage (HV) substations. It has also installed 200 MW of rooftop solar projects.

Fourth Partner Energy closed a ₹7.8 billion (~$87.85 million) refinancing deal for most of its rooftop solar portfolio with NIIF Infrastructure Finance (NIIF IFL), a debt fund that provides financing solutions to operating infrastructure projects. Fourth Partner currently has an operational rooftop solar portfolio of 370 MW across 24 states in India, supplying clean energy to corporates across various sectors, including HUL, D-Mart, Ultratech, Walmart, Hyundai, Colorcon, and TCS.

Module manufacturer Australian Premium Solar commissioned a 400 MW module manufacturing plant in Sabarkantha, Gujarat. The plant will produce tunnel oxide passivated contact (TOPCon) solar modules. With the commencement of this manufacturing plant, the company has advanced its efforts to expand TOPCon production capacity by 800 MW. The company plans to operationalize an additional 400 MW by April 2026. The plant will also cater to both utility-scale and distributed solar projects.

The Indian Energy Exchange posted a revenue of ₹1.83 billion (~$20.63 million), a 9.2% YoY increase from ₹1.67 billion (~$18.82 million), in the second quarter of the financial year (FY) 2026. It earned a post-tax profit of ₹1.23 billion (~$13.87 million), up 13.9% from ₹1.08 billion (~$12.16 million) in the same period last year. Electricity volumes traded on the exchange during Q2 FY26 stood at 35.2 billion units, representing a 16.1% increase from the previous year. Renewable energy certificate volumes during the quarter were 4.4 million, representing a 29.9% decline YoY.

U.S.-based solar module manufacturer First Solar’s revenue rose 79.6% year-over-year to $1.59 billion in the third quarter (Q3) of 2025 from $887.67 million. First Solar attributed the rise in revenue to an increase in volume of modules sold to third parties and to more backlog deliveries fulfilled in Q3. The company beat analysts’ revenue expectations by $23.84 million. Net profit stood at $455.94 million, a 45.6% jump from $312.96 million in the same quarter of the previous year. The earnings per share came in at $4.24, compared to $2.91 in the same quarter a year ago, beating analysts’ expectations by $0.33.

The global energy transition is falling behind as the world drifts further from its climate goals, according to Wood Mackenzie’s Energy Transition Outlook 2025–26. It warned that global net-zero is unlikely before 2060. Ten years after the Paris Agreement, no G7 nation is on track to meet its 2030 emission targets, and the world is now headed for 2.6°C of warming, up from last year’s 2.5°C projection. The report attributes the slowdown to surging AI-driven power demand, geopolitical tensions, and chronic underinvestment. It cautions that with weak 2035 commitments and little accountability, fossil fuels remain dominant even as renewables have quadrupled over the past decade.