India added 1.4 GW of wind energy capacity in the third quarter (Q3) of 2025, a 105% year-over-year (YoY) increase from 706.5 MW in Q3 2024, according to Mercom India Research. Capacity additions, however, fell 11% compared to Q2 2025. Quarter-over-quarter installations declined after the expiry of the waiver on interstate transmission system charges. Delays in grid connectivity, limited transmission capacity, and land acquisition challenges also contributed to the slowdown in project execution. The wind energy sector continued to face supply chain disruptions at both domestic and global levels.

The Madhya Pradesh Electricity Regulatory Commission (MPERC) withdrawn 65 suo motu petitions initiated against various obligated entities for non-compliance with renewable purchase obligation (RPO) targets. This move follows a notification issued by the Ministry of Power introducing the renewable consumption obligation framework that replaces state-level RPO mechanisms across India. Previously, MPERC had taken suo motu cognizance of several obligated entities ranging from distribution companies to open access consumers for failure to meet their RPO obligations under the existing Madhya Pradesh Electricity Regulatory Commission (Renewable Purchase Obligation and Compliance) Regulations.

The Uttar Pradesh Electricity Regulatory Commission (UPERC) notified the Captive and Renewable Energy Generating Plants Regulations, 2024, setting a comprehensive framework for renewable and captive generation in the state from April 1, 2024, to March 31, 2029. The regulations apply to renewable and captive renewable energy projects, including cogeneration-based systems. The draft regulations were issued in May this year. Solar projects may sell power through open access either to captive users or to third parties. Such sales will be subject to the UPERC Open Access Regulations, 2019, and the technical and commercial conditions prescribed therein.

Engineering, procurement, and construction company Bondada Engineering secured a contract to develop a 2 GW solar project in Andhra Pradesh under the state’s Integrated Clean Energy Policy. The independent power producer mode project will be set up at an estimated cost of ₹90 billion (~$1.01 billion) across 9,000 acres in the Sri Sathya Sai and Ananthapuramu districts of Andhra Pradesh. The project is expected to be commissioned within 24 months. To execute the project, the company has incorporated a new special purpose vehicle, Greenbond RE Park, with Bondada Engineering owning a 51% stake. The company also noted that the 9,000 acres have already been mapped and that pooling has commenced.

Solar module manufacturer Waaree Energies secured separate orders to supply 220 MW, 210 MW, and 140 MW of solar modules from undisclosed customers engaged in owning, developing, and operating renewable power projects in India. The company’s wholly owned subsidiary, Waaree Solar Americas, also received orders to supply 122 MW modules from a developer and owner-operator of utility-scale solar and energy storage projects across the U.S. Waaree said these orders will be completed by the financial years (FY) 2026 and FY 2027. The company’s manufacturing capacity comprises 18.7 GW of solar modules and 5.4 GW of solar cells. It has an order book of approximately 24 GW, worth approximately ₹470 billion (~$5.35 billion).

Solar module manufacturing and engineering, procurement, and construction company Pahal Solar will set up a 2 GW solar cell and a 2 GW aluminum frame manufacturing facility in Surat, Gujarat. The company stated that the facilities’ AI-based precision and analytics systems will enhance manufacturing efficiency, consistency, and product quality. Both facilities are expected to be commissioned by late 2026. Pahal Solar has a solar module manufacturing capacity of 2.4 GW and a ribbon and busbar production capacity of 2 GW.

Spain’s total installed solar capacity reached 40,294 MW at the end of 2024, according to the Spanish Solar Photovoltaic Association’s (UNEF) annual report. In 2024, Spain added 7.2 GW of new solar capacity, making it the second-largest solar market in Europe, after Germany. The solar capacity additions largely comprised captive and ground-mounted projects. According to the report, globally, the European Union held the second-largest solar installations in 2024 after China, supported by established markets such as Germany, Italy, and France. However, Spain only added 6,039 MW of ground-mounted solar projects in 2024, a 1.47% drop from 2023. New captive solar project additions also declined by 31% in 2024, with 1,182 MW installed during the year.

Romania’s Ministry of Energy launched the third contracts for difference (CfD) auction for 290 MW of onshore wind energy projects. Bids must be submitted by November 14, 2025. The successful bidders will be announced on December 3. The maximum strike price for the auction has been set at €80 (~$93.13) per MWh. Successful bidders or special purpose vehicles set up by them must provide a performance bond of €75,000 (~$87,307.50)/MW. The projects must be commissioned within 36 months from the signing of the CfD contract. The third CfD auction, which will grant operating aid for new onshore wind energy projects, is part of Romania’s broader effort to accelerate renewable energy deployment and ensure price stability for clean power producers.

China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation posted a revenue of $244.6 million in Q3 of 2025, up 23% YoY from $198.5 million. It beat analysts’ revenue expectations by $67.82 million. The increase in revenue has been attributed to a rise in sales volume and average selling price (ASP). Its net loss declined 75.4% to $14.9 million in Q3 2025, from $60.7 million in the same quarter last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were $45.8 million, from an EBITDA loss of $34.3 million in the same quarter of the previous year.