India’s solar module manufacturing capacity under the Approved List of Models and Manufacturers (ALMM) reached the 100 GW milestone, up from just 2.3 GW in 2014, according to Union Minister for New and Renewable Energy Pralhad Joshi. Joshi highlighted that this growth reflects not only the scale of capacity achieved but also the significant rise in the number of manufacturers, which has increased from 21 in 2021 to 100 at present. These manufacturers collectively operate 123 production units.

The Ministry of New and Renewable Energy (MNRE) updated the ALMM for solar modules with the addition of 8,797 MW of capacity. The cumulative solar module manufacturing capacity under ALMM has now crossed the 100 GW mark, reaching 100,232 MW after the latest additions. Companies that increased their capacity include Mundra Solar PV (Adani Solar), adding 243 MW to reach 2,185 MW. Citizen Solar added 48 MW to expand to 198 MW, and Goldi Sun (Goldi Solar), which added 2,675 MW to grow its capacity to 7,263 MW, recording the single largest gain.

In an interview on the sidelines of the Mercom India Renewables Summit 2025, Suhas Donthi, President and CEO at Emmvee Photovoltaic Power, spoke at length about the solar manufacturing landscape in India, module technology trends, and his company’s research and development initiatives and plans for backward integration of the supply chain.

In an interview on the sidelines of the Mercom India Renewables Summit 2025 held in New Delhi on July 24 and 25, 2025, Bhavesh Kumar Rathod, Founder and Director at Soleos Solar Energy, spoke about the company’s expansion plans and international footprint, along with challenges hindering the growth of renewables in India.

The Gujarat Electricity Regulatory Commission approved a tariff of ₹2.60 (~$0.0297)/kWh discovered by Gujarat Urja Vikas Nigam to procure power from 250 MW of solar projects, along with an additional 250 MW under the greenshoe option. The Commission also allowed the execution of power purchase agreements with the successful bidders for 25 years from the projects’ scheduled commissioning date.

NTPC Renewable Energy (NTPC REL) invited bids for the engineering, procurement, and construction (EPC) of a 300 MW grid-connected solar project anywhere in Goa. Bidders must furnish an earnest money deposit of ₹200 million (~$2.28 million) and a tender fee of ₹22,500 (~$257.17). The scope of work entails the design, engineering, manufacturing, supply, installation, testing, and commissioning of the solar project. It also involves providing operation and maintenance services for three years.

Sterling and Wilson Renewable Energy won NTPC REL’s EPC auction to set up a 245 MW solar project in Khavda Renewable Energy Park in the Rann of Kutch, Gujarat. The tender was floated in May 2025. The company has not disclosed the project’s contract value. SWREL must provide comprehensive operation and maintenance services for three years. This includes providing the electrical equipment, consumables, and spare parts. The scope of work covers the design, engineering, manufacturing, installation, testing, and commissioning of the solar project in the south lock of the Khavda Renewable Energy Park.

NTPC Green Energy issued an expression of interest for EPC to set up 5 MW ground-mounted solar projects with a 4 MW/12 MWh battery energy storage system (BESS) and a floating solar project of up to 20 MW in the Great Nicobar Island (GNI). Bidders must provide techno-commercial proposals covering technology options, storage solutions, cost optimization, logistics, and experience in similar renewable energy and storage projects. The scope of work includes studying GNI’s energy requirements and existing transmission systems, preparing a detailed project report, and developing technical specifications. It also entails EPC for both floating and ground-mounted solar systems with BESS, arranging transmission to existing substations, and obtaining statutory clearances.

Combined carbon dioxide removal and green hydrogen production company Equatic closed its Series A funding round, raising $ 11.6 million. The funding round was led by Temasek Trust’s catalytic vehicle, Catalytic Capital for Climate and Health, and Singapore-based private investment office Kibo Invest. Equatic will utilize the funds to accelerate the engineering scale-up and commercialization of its patented seawater electrolysis technology. The company claims to produce green hydrogen from seawater while capturing and storing carbon dioxide.

Wind energy solutions provider Inox Wind reported a revenue of ₹8.63 billion (~$98.57 million) in the first quarter (Q1) of the financial year (FY) 2026, a 32% year-over-year (YoY) increase from ₹6.55 billion (~$74.87 million). Earnings before interest, taxes, depreciation, and amortization (EBITDA) also rose 39% YoY to ₹2.2 billion (~$25.14 million) from ₹1.58 billion (~$18.05 million). The company’s quarterly net profit sustained its growth momentum from the previous quarters, reaching ₹973.4 million (~$11.12 million), up 134% YoY from ₹ 415.9 million (~$4.75 million). This marks the highest ever net profit for Q1.

Decarbonization solutions company ReNew has reported a 1,202% YoY increase in net profit to ₹5.13 billion ($59 million) in Q1 of the FY 2026, from ₹394 million ($5 million). The company attributed the rise in profit to higher operating revenues, external sales from its module and cell manufacturing operations. It reported a total revenue of ₹41.18 billion ($470.49 million) in Q1 FY 2026, a 65.38% rise from ₹24.9 billion ($284.4 million) in Q1 FY 2025. The company has attributed the rise in revenue to an increase in operational capacity, external sales from its module and cell manufacturing operations, and a higher wind plant load factor

Wind turbine manufacturer Suzlon Energy recorded a net profit of ₹3.24 billion(~$37.01 million) in Q1 of the FY 2026, increasing 7.3% YoY from ₹3.02 billion (~$34.5 million). The company’s revenue from operations stood at ₹31.17 billion (~$356.12 million), up by 54.6% from ₹20.16 billion (~$230.3 million) during the same period of the previous year. Suzlon attributed the revenue growth to a jump in wind turbine sales. It generated ₹24.95 billion (~$285.06 million) from sales of wind turbines, a 66.6% YoY increase from ₹14.97 billion (~$171.03 million).

Germany’s Federal Network Agency (Bundesnetzagentur) awarded 2,271 MW of ground-mounted solar projects categorized under the ‘first segment,’ which are installations located on structures that are neither buildings nor noise barriers. The tender, which closed on July 1, 2025, saw high demand, with 313 bids submitted for a total capacity of 2,820 MW, exceeding the tendered volume of 2,266 MW. Of these, 258 bids amounting to 2,271 MW were awarded contracts, while 36 were disqualified.

Romania’s Ministry of Energy awarded 2,751 MW of solar and wind projects under the latest Contracts for Difference auction. Following the analysis of financial offers, 49 applicants were declared winners. Twenty-six bidders were awarded solar projects with a total capacity of 1,488 MW at a tariff of €40.35 (~$47.21)/MWh. In comparison, 23 bidders were awarded onshore wind projects, with a total capacity of 1,263 MW for a tariff of €73.89 (~$86.45)/MWh. Of the total 91 offers submitted for both technologies, 83 were declared eligible for the financial evaluation stage. The bids received were 1,263 MW for onshore wind and 3,160 MW for solar.