The Government of Kerala introduced an environment, social, and governance (ESG) policy that integrates environmental considerations with industrial development, governance, and social responsibility. The ESG policy presents a framework for sustainable development, responsible business practices, and transparent reporting, and positions Kerala as a state transitioning into a 100% renewable energy-based state by 2040 and achieving net carbon neutrality by 2050. The policy is designed for a five-year term commencing from October 2025. The state government’s focus on renewable energy entails a multifaceted approach aimed at addressing various aspects.

The Central Electricity Regulatory Commission (CERC) approved tariffs ranging from ₹3.52 (~$0.0422)/kWh to ₹3.53 (~$0.0424)/kWh discovered through Solar Energy Corporation of India’s (SECI) auction for 2,000 MW interstate transmission system-connected solar projects with 1,000 MW/4,000 MWh energy storage systems. It also approved a trading margin of ₹0.07 (~$0.0008)/kWh. However, the Commission directed SECI to provide payment security instruments in the form of escrow or irrevocable, unconditional, and revolving letters of credit to the selected bidders. Otherwise, the trading margin would be capped at ₹0.02 (~$0.00024)/kWh.

The Punjab State Electricity Regulatory Commission (PSERC) approved the continuation of power procurement by Punjab State Power Corporation from NHPC’s 300 MW solar project at Bikaner in Rajasthan and 100 MW solar project at Khavda in Gujarat, even for capacity commissioned after June 30, 2025. The Commission ruled that the projects would remain eligible for a full waiver of interstate transmission system charges, provided they are commissioned before June 30, 2026. The dispute arose because PSERC initially approved a limited waiver for projects commissioned on or before June 30, 2025.

The Andhra Pradesh Electricity Regulatory Commission (APERC) issued the Andhra Pradesh Electricity Regulatory Commission (Terms and Conditions for Tariff Determination from Renewable Energy Sources) Regulation, 2025. The regulation lays down the framework for determining tariffs for renewable energy projects under Section 62 of the Electricity Act, 2003, and applies to all grid-connected renewable energy-based generating stations commissioned during the control period. The Andhra Pradesh government has requested APERC to determine tariffs for solar, wind, hybrid, pumped storage, and small hydro projects for a five-year period without imposing ceilings on capacity utilization factor or plant load factor.

The Uttar Pradesh Electricity Regulatory Commission approved the power sale agreement (PSA) between the Uttar Pradesh Power Corporation (UPPCL) and NTPC for the procurement of 1,530 MW of firm and dispatchable renewable energy (FDRE) at tariffs ranging from ₹4.71 (~$0.0535)/kWh to ₹4.79 (~$0.0544)/kWh. The Commission noted that the arrangement aligns with national renewable energy objectives and would help UPPCL meet its renewable purchase obligation targets in line with the Ministry of Power’s trajectory. The petition was filed by UPPCL seeking the Commission’s approval for a PSA executed with NTPC to procure 1,530 MW of FDRE.

The Assam Electricity Regulatory Authority (AERC) amended the AERC (Terms & Conditions for Open Access) Regulations, 2024, permitting green energy open access (GEOA) only for consumers applying through a lead GEOA consumer located in the same electricity division of the distribution licensee. The lead consumer will act as the coordinating agency for GEOA consumers and will have a contracted demand or sanctioned load of at least 100 kW through multiple connections located in the same electricity division of the distribution licensee. The amended regulations also specify that GEOA consumers must maintain a fixed level of power consumption for a minimum of 12-time blocks of 15 minutes each.

The Electricity Department of the Andaman and Nicobar Administration invited bids to install rooftop solar systems of 2 kW each atop 15,000 homes for a total capacity of 30 MW. Bids must be submitted by November 17, 2025. Bids will be opened on November 20. The systems will be installed under the utility-led aggregation model of PM Surya Ghar: Muft Bijli Yojana across the entire Andaman and Nicobar Islands. The capacity has been divided into three buckets: Bucket I comprises 21 MW in Port-Blair, Swaraj Dweep, Shaheed Dweep, Little Andaman, Dugong Creek, Strait Island, Bucket II comprises 7 MW in North and Middle Andaman, Bucket III comprises 2 MW in Car-Nicobar, Kamorta, Chowra, Katchal, Teressa, Campbell Bay.

Assam Power Distribution Company (APDCL) issued a request for selection to procure 15 MW of power from a grid-connected solar project to be developed in Sonitpur district, Assam. Bids must be submitted by November 10, 2025. Bids will be opened on November 12. The scope of work includes the design, engineering, construction, and commissioning of the project, with operation and maintenance for 25 years. The developer must arrange 33 kV grid connectivity to the nearest substation at its own cost.

The Ministry of Railways invited bids to set up 1.235 MW of rooftop solar projects at the A, B, and suburban railway stations in Andhra Pradesh’s Guntakal division. Bids must be submitted by November 10, 2025. Bids will be opened on the same day. The scope of work entails the design, installation, testing, and commissioning of the solar projects. It also involves providing annual and comprehensive maintenance services for five years, including cleaning. Selected bidders must provide pure sine wave inverters, remote monitoring systems (including SIMs for five-year connectivity), and fixing structures. They must also provide lightning arrestors, proper earthing, net metering, controls and protections, interconnect cables, and cable trays and switches.

Hydrogen fuel cell manufacturer Umagine Hydrogen secured $850,000 (~₹74.78 million) funding in a seed round from Venture Catalysts. Apart from Venture Catalysts, the funding saw participation from Faad Networks. The funding will be utilized to build a gigawatt-scale factory dedicated to hydrogen fuel cells. Umagine also aims to replace diesel generators across telecom towers, data-centers, remote micro-grids, and defense outposts, and provide long-duration energy storage solutions. Santosh Gurunath, CEO and Co-Founder at Umagine Hydrogen, stated that the company will intensify its efforts to deploy hydrogen fuel cells across various applications, aiming to render diesel generators obsolete within a few years.

Gurgaon-based independent power producer ACME Solar Holdings signed a 25-year power purchase agreement with Tata Power Company for providing firm and dispatchable renewable energy (FDRE) from its 50 MW solar plus storage project at a tariff of ₹4.43 (~$0.05)/kWh. ACME had received a letter of award from Tata Power Company’s distribution arm, Tata Power-D, for developing the project in September 2025. This award is a part of a larger 250 MW FDRE tender floated by Tata Power-D. The project will have a minimum annual capacity utilization factor of 40% and four peak hours of supply with 90% availability every month.

Sterling and Wilson Renewable Energy secured engineering, procurement, and construction (EPC) contracts for three solar projects with a total value of ₹17.72 billion (~$201.91 million). The company has been declared the lowest bidder for the EPC of a 363 MW solar project in Rajasthan and a 580 MW solar project in Uttar Pradesh. With these new contracts, the total EPC order inflows for the current fiscal year have crossed ₹37.75 billion (~$430.13 million). In addition, the company received a letter of intent for a 115 MW solar project in South Africa valued at approximately $120 million. This marks the company’s third project in South Africa, where it is already executing two projects.

Sterling and Wilson Renewable Energy reported a revenue jump by 69.8% year-over-year to ₹17.49 billion (~$198.9 million) in the second quarter (Q2) of the financial year (FY) 2026 from ₹10.3 billion (~$117.15 million). The company attributed the revenue growth to an increase in domestic and international engineering, procurement, and construction project execution. The company, however, posted a loss of ₹4.78 billion (~$54.36 million) from a profit after tax of ₹85.7 million (~$974,735) in Q2 FY 2025. The loss was attributed to a one-time write-off of approximately ₹5.8 billion (~$65.96 million) following an adverse arbitration ruling in the U.S., along with other provisions.

Solar power purchase agreement (PPA) prices in North America rose by 4% quarter-over-quarter in Q3 2025, per LevelTen Energy’s new report. This increase is driven by rising material costs, federal tariff measures, and changes to clean energy tax credit timelines under new legislation. The Q3 data covers virtual PPA offers uploaded between June and September 2025, representing financial settlements in the real-time wholesale energy markets of AESO (Alberta Electric System Operator), CAISO (California ISO), ERCOT (Electric Reliability Council of Texas), ISO-NE (ISO New England), MISO (Midcontinent ISO), PJM Interconnection, and SPP (Southwest Power Pool).

Solar PPA prices in Europe declined 2.4% quarter-over-quarter in the third quarter of 2025, according to a report by LevelTen Energy. Wind PPA prices remained stable, decreasing only 0.1%. The market-averaged P25 prices were €58.21 (~$67.93)/MWh for solar, €88.56 (~$103.37)/MWh for wind, and €73.38 (~$85.61)/MWh for blended renewables. Data were sourced from 280 offers across 215 projects in 19 countries, including new additions such as Portugal to the Wind Index. The report said Europe’s solar market is affected by oversupply and negative wholesale prices, particularly in Germany and Spain, suppressing revenues for standalone solar projects.