Pace Digitek received an order from Solar Energy Corporation of India to supply a 600 MW/1,200 MWh standalone grid-connected battery energy storage system (BESS) in Andhra Pradesh. The total order value is ₹11.59 billion (~$131.93 million). The tender was floated in August this year. The scope of work includes the design and engineering of the complete BESS and its associated components. It involves the supply of BESS direct-current blocks equipped with heating, ventilation, and air conditioning, and a fire protection system. The supply also covers the power conversion system, the battery management system, and the energy management system.

A total of 16.5 GW of utility-scale solar tenders were issued by various agencies in the third quarter (Q3) of the calendar year 2025, representing a 137.6% increase from 6.9 GW in the previous quarter and a decrease of 17.8 % from 20 GW in the same quarter last year, according to Mercom India research. In 9M 2025, more than 37 GW was tendered, compared to 72 GW in 9M 2024, a decrease of 48%. The third quarter saw agencies floating nearly 8 GW of tenders under the PM KUSUM program, accounting for 48% of all renewable energy tenders announced during the period.

The Ministry of Power proposed to revise Rule 3 of the Electricity Rules, 2005, setting out the requirements for qualifying a power project as a captive project. The draft retains the key thresholds for ownership and consumption but introduces clarifications and additions regarding energy storage, indirect ownership through corporate structures, consumption benefit limits, and verification procedures. A project will qualify as a captive power project only if captive users collectively hold at least 26% ownership in the generating unit. This ownership refers to proprietary interest and control, or equity share capital with voting rights.

Tata Consulting Engineers, in collaboration with Enline and Gridpulse, commissioned a 400 kV dynamic line rating (DLR) project for Power Grid Corporation of India on the Madurai–Tuticorin transmission line in Tamil Nadu. The project employs a real-time, artificial intelligence-driven approach to improve renewable energy integration, optimize existing grid assets, and enhance operational reliability. TCE delivered what is claimed as India’s first 400 kV DLR project on a 95 km double-circuit transmission line. The project used DLR sensors placed on critical spans of the Madurai–Tuticorin line to collect real-time weather and line data.

The Central Electricity Regulatory Commission proposed that designated entities, including electricity distribution licensees, open access consumers, and captive consumers, can fulfill their renewable consumption obligation through payment of the buyout price specified by it. The buyout price for the financial year (FY) 2024-25 will be set at ₹245 (~$2.79)/MWh, which is about 5% above the weighted average REC price for the year computed from transactions on power exchanges and via trading licensees. The buyout price for a financial year will be 105% of the weighted average REC price. By April 30 of every financial year up to FY 2029-30, the National Load Despatch Centre will publish the weighted average price of REC and the buyout price for the previous financial year.

The Uttarakhand Electricity Regulatory Commission set an additional surcharge of ₹1.09 (~$0.0123)/kWh for open access consumers for the period from October 1, 2025, to March 31, 2026. The additional surcharge has been reduced by ₹0.03 (~$0.00033)/kWh when compared to ₹1.12 (~$0.013)/kWh from October 1, 2024, to March 31, 2025. The Commission had imposed an additional surcharge of ₹1.14 (~$0.013)/kWh from April 1, 2025, to September 30, 2025. The decision follows a petition filed by Uttarakhand Power Corporation seeking approval to recover stranded fixed costs arising from its long-term power purchase commitments.

Hyderabad-based yarn and denim manufacturer Suryalakshmi Cotton Mills made a strategic switch to solar, enabling it to meet 100% of its daytime power needs through a 5.5 MW captive solar project. The solar installation comprises a 3 MW ground-mount system and a 2.5 MW rooftop system. The cumulative 5.5 MW project was installed in phases. As a process industry operating 24/7, power expenses account for a major portion of Suryalakshmi’s operational costs. With rising operational and grid tariffs, the company chose to integrate renewable energy into its power procurement strategy.

Engineering, procurement, and construction company Bondada Engineering received a letter of intent from the Adani Group to supply balance of system equipment for a 650 MW solar project at the Khavda Renewable Energy Park, Gujarat. The contract’s estimated cost is ₹10.5 billion (~$119.5 million). The scope of work for Bondada entails the design, engineering, manufacturing, procurement, quality assurance, and delivery of materials. It also involves providing on-site services, testing, and commissioning of free-issue materials.

Renewable energy solutions providers, Radiance Renewables and Sunsure Energy, have received cumulative funding of ₹6.8 billion (~$77.47 million) from NIIF Infrastructure Finance (NIIF IFL). Mumbai-based Radiance Renewables and Gurugram-based Sunsure Energy have received funding of ₹5.5 billion (~$62.6 million) and ₹1.3 billion (~$14.8 million), respectively, from NIIF IFL. Radiance will utilize the funding to support renewable energy projects for commercial and industrial (C&I) businesses across Karnataka, Maharashtra, and Uttar Pradesh, and to retire its existing debt facilities. The company has commissioned over 51 open access projects, with nearly 1 GW of projects currently under development.

Kolkata-based solar module manufacturer Vikram Solar received an order for 148.9 MW of high-efficiency solar modules from renewable energy solutions provider Sunsure Energy. Vikram Solar will provide its M10R N-Type TOPCon modules rated at 595 W, which will be deployed across Uttar Pradesh and Maharashtra. Vikram Solar has a cumulative module manufacturing capacity of 4.5 GW. It plans to increase this capacity to 17.5 GW. It also aims to backward integrate by entering cell manufacturing, targeting a capacity of 12 GW by the financial year 2027. The company has an order book of 11.15 GW as of September 30, 2025, catering to 85% domestic market and the rest for exports.

Module manufacturer Rayzon Solar received approval for its draft red herring prospectus (DRHP) for an initial public offering to raise ₹15 billion (~$170.64 million) from the Securities and Exchange Board of India. According to the DRHP filed in June this year, Rayzon will utilize up to ₹12.65 billion (~$147.5 million) of the net proceeds to invest in its wholly owned subsidiary, Rayzon Energy, and partly finance the development of a 3.5 GW TOPCon solar cell manufacturing plant in Surat, Gujarat. Axis Bank has approved a loan of ₹3 billion (~$34.11 million) for the cell facility. Rayzon has estimated the cost of establishing the solar cell manufacturing plant at ₹16.51 billion (~$192.51 million).

Gujarat Industries Power Company commissioned a capacity of 105 MW of its 600 MW solar power project at Khavda, Gujarat. With this commissioning, the project’s total operational capacity now stands at 210 MW. The project is located within the 2,375 MW Renewable Energy Park at Khavda. It had commissioned 105 MW of capacity in June this year. Gujarat Urja Vikas Nigam had invited bids for the 600 MW solar power project in September 2022. The tender had a greenshoe option for an additional 600 MW. NHPC, SJVN Green Energy, and NTPC Renewable Energy emerged as winners in this auction.

In 2024, 581.9 GW of new renewable energy capacity was added globally, representing a 15.1% annual growth rate and a 0.7% increase over 2023. The findings were published in the International Renewable Energy Agency’s report titled ‘Delivering on the UAE Consensus: Tracking progress toward tripling renewable energy capacity and doubling energy efficiency by 2030’. Despite the increase, the report states that the capacity growth still falls short of the trajectory required to achieve the target of 11.2 TW by 2030. To achieve this target, an average of 1,122 GW must be added each year between 2025 and 2030.