The government recently approved a power utility-led model under the PM Surya Ghar: Muft Bijli Yojana, which will rapidly increase rooftop solar installations, said Union Minister of New and Renewable Energy Pralhad Joshi. Approximately two million rooftop solar systems have been installed under the Surya Ghar program so far. Approximately half of the households were receiving zero bills, and many were also earning money by selling excess electricity. Within a month after the demand-driven utility-led model is rolled out, installations would reach five million, the minister said.

The Uttar Pradesh Electricity Regulatory Commission (UPERC) allowed Greater Noida Industrial Development Authority to recover its capital investment on a 1 MW solar project through an extension of its power purchase agreement (PPA) with Noida Power Company. The Commission approved a tariff of ₹7.06 (~$0.084)/kWh for the extended period up to the end of the financial year 2029. It also directed tariffs beyond this period to align with competitively discovered prices of solar projects.

The Central Electricity Regulatory Commission approved a levelized tariff of ₹4.01 (~$0.0455)/kWh for Solar Energy Corporation of India’s (SECI) 100 MW solar power project integrated with a 40 MW/120 MWh battery energy storage system in Rajnandgaon, Chhattisgarh. The tariff is applicable for 25 years from the project’s commercial operation date, which is February 1, 2024. The approved tariff accounts for the increase in project cost arising from the Goods and Services Tax hike and land-related changes. The Commission has directed the Chhattisgarh State Power Distribution Company to procure power from this project at the approved rate.

ACME Venus Urja, a wholly owned subsidiary of ACME Solar Holdings, secured a long-term project funding loan of ₹38.92 billion (~$440.13 million) from the State Bank of India for the development of a 400 MW firm and dispatchable renewable energy (FDRE) project in Barmer, Rajasthan. The loan’s repayment is spread across 19 years. According to the company’s bourse filing, the loan is its largest financing from SBI and the bank’s first financing of ACME’s FDRE projects. The FDRE project is contracted with NHPC at a tariff of ₹4.64 (~$0.052). It includes a solar project and a battery energy storage system to meet the supply obligations and ensure higher dispatchability in accordance with the power purchase agreement.

Independent power producer Inox Neo Energies, an INOXGFL Group company, executed definitive agreements with Evergreen Power Mauritius and Evergreen Renewables to acquire their 640 MW wind-solar hybrid projects. The transaction encompasses five wind-solar hybrid projects across Maharashtra, contracted by SJVN under Hybrid Tenders 1 and 2 (120 MW) and NTPC under Hybrid Tenders 1 and 2 (520 MW). The projects will be connected through the Central Transmission Utility’s 400/220 kV substations in Maharashtra and are being implemented under various special-purpose vehicles held by the Evergreen Group through its holding companies.

Renewable energy developer, Serentica Renewables, invited expressions of interest from infrastructure and construction partners across India for project execution work at its wind project sites in Andhra Pradesh, Karnataka, and Maharashtra. Bids must be submitted by September 15, 2025. The scope of work includes land acquisition with a focus on aggregation and right-of-way management; civil works such as foundations, internal roads, storage yards, and site development; mechanical works involving cranes, erection manpower, logistics, and commissioning; and electrical works including construction of 33 kV lines, substations or distribution point yards, cabling, and terminations.

Bhubaneswar-based Indian Metals and Ferro Alloys entered into a PPA with JSW Renew Energy Twelve to procure 70 MW of renewable energy. This contracted demand will be met through 55 MW of solar and 108 MW of wind capacity. IMFA also entered into a share subscription and shareholders’ agreement to acquire a 26% stake in JSW Renew Energy Twelve for ₹853.8 million (~$9.67 million). JSW Renew Energy Twelve was incorporated on April 9, 2024, to supply renewable power.

The Deendayal Port Authority issued a tender to set up a 1,000 MW solar project on its coastal land parcel between Chirai and Jangi in Gujarat. The land parcel is intertidal, marshy, and falls partially within the Coastal Regulation Zone. Selected bidders must sign a PPA for 25 years. Bids must be submitted by October 17, 2025. Bids will be opened on the same day. The scope of work entails the design, engineering, construction, testing, and commissioning of the solar project. It also involves providing operation and maintenance services for the PPA’s duration.

SECI invited bids to establish a digital centralized asset management center (CAMC) with a provision of a software as a service license to manage its renewable energy portfolio. The CAMC will be at SECI’s corporate office in New Delhi and will oversee operating assets and projects under implementation and planning across Rajasthan, Chhattisgarh, Karnataka, and the Andaman and Nicobar Islands. Bids must be submitted by October 24, 2025. Bids will be opened on the same day. The scope of work includes the supply, installation, and commissioning of the CAMC hardware and software, along with providing a five-year SaaS license. The hardware component involves the supply and installation of workstations, two 75-inch large-format displays, and additional components for the CAMC and renewable energy sites.