India’s renewable energy capacity, including large hydroelectric projects, made up 48.3% of the country’s cumulative power capacity, with 234.2 GW installed at the end of the second quarter (Q2) of 2025, according to data from the Central Electricity Authority, the Ministry of New and Renewable Energy, and Mercom’s India Solar Project Tracker. Solar power accounted for 24% of the total installed power capacity and 49.7% of the total installed renewable capacity as of June 2025. In the previous quarter ending March 2025, renewable energy capacity with 218.6 GW accounted for 46.1% of the power mix.

SCC Infrastructure won Solar Energy Corporation of India’s auction to supply 70,000 tons per annum of green ammonia under the Strategic Interventions for Green Hydrogen Transition program (Mode-2A-Tranche-I). SCC Infrastructure and InSolare Energy have formed a consortium for this project. The company quoted a tariff of ₹53.05 (~$0.6)/kg to win the auction. The green ammonia will be supplied to Madhya Bharat Agro Products-III in Dhule, Maharashtra. This is the fourth auction under the same tranche.

The Ministry of New and Renewable Energy (MNRE) extended the deadline for solar inverters of more than 200 kW capacity to conform to the Bureau of Indian Standards to June 30, 2026. MNRE’s requirements include utility-interconnected solar inverters and power inverters used in solar systems. However, the inverters must have valid Importer Exporter Code certificates corresponding to Indian standards (IS 16221 (Part 2): 2015/ IEC 62109-2: 2011 & IS/IEC 61683: 1999 for power inverters.

MNRE issued revised program guidelines for the implementation of pilot projects using green hydrogen and its derivatives in the residential, commercial, and decentralized sectors, which were not previously mentioned in earlier programs. The revised guidelines focus on deploying green hydrogen in off-grid, localized, community-based applications. Decentralized production models using rooftop solar, small or micro hydropower, floating solar, biomass, and wastewater will be key features of the pilot projects.

The Haryana Electricity Regulatory Commission approved an additional surcharge of ₹1.21 (~$0.0138)/kWh on open access consumers in the state. The surcharge will be charged to all consumers of Uttar Haryana Bijli Vitran Nigam and Dakshin Haryana Bijli Vitran Nigam who avail power through the open access mechanism from any source other than the state’s power distribution companies. This marks a 5% increase from the previous additional surcharge of ₹1.15 (~$0.0131)/kWh.

Indianoil Petronas, a joint venture between the Indian Oil Corporation and Malaysia-based Petronas, issued a tender for a non-comprehensive annual maintenance contract for a 3.4 MW solar project at Athipattu village in Tamil Nadu for five years. Bids must be submitted by August 27, 2025. Bids will be opened on August 28. The scope of work includes scheduled and preventive maintenance, major overhauling of the project equipment, and maintaining log sheets/operational details records to ensure trouble-free operations and the system’s healthy condition at the designed efficiency/performance level for the entire operation and maintenance (O&M) period.

Maharashtra-based building material manufacturer, Everest Industries, will procure 3 MW of solar power from Enerparc Solar Power 10’s 15 MW solar project for its Podanur plant in Coimbatore, Tamil Nadu, in group captive mode. Enerparc Solar Power 10 is a special purpose vehicle (SPV) of Enerparc Energy. The project will help the company increase its renewable energy utilization in Tamil Nadu. Everest has invested ₹10.65 million (~$121,607) to acquire 1.06 million shares at a face value of ₹10 (~$0.114)/share for an equity stake of 5.31%.

The Indian Energy Exchange (IEX) achieved a monthly electricity volume of 12.66 billion units (BU) in July 2025, a 25.5% year-over-year (YoY) increase. IEX said the country’s energy consumption during the month reached 153.6 BU, a 2.6% growth over the same period of the previous year. Despite the increase in demand, prices on power exchanges were lower compared to the previous year, due to higher supply-side liquidity on the exchange platform.

Shoals Technologies Group, a manufacturer of electrical balance of systems for solar, energy storage, and e-mobility, reported a revenue of $110.8 million in the second quarter of 2025, increasing 11.7% YoY from $99.2 million. The revenue growth was driven by strong underlying demand and an increase in project executions. Net income rose to $13.9 million from $11.8 million in the same quarter last year. Lower interest expenses and a favorable tax impact supported the increase.

U.S.-based solar module manufacturer First Solar reported a revenue of $1.1 billion in the second quarter of 2025, an 8.6% YoY increase from $1.01 billion. The company beat analyst expectations for revenue by 8.58%. First Solar has attributed the revenue growth to an increase in module sales to third parties. The rise in revenue was partially offset by a change in Section 45X credit valuation under the Inflation Reduction Act. First Solar sold $312 million of Section 45X tax credits generated during 2025 for cash proceeds of $296 million and recognized a loss of $16 million on the transaction.

U.S.-based solar tracker company FTC Solar reported revenue of $29.93 million in Q2 2025, representing a 75% YoY increase from $11.43 million due to higher product volumes. However, the revenue missed analysts’ expectations by $60,000. Adjusted earnings before interest, taxes, depreciation, and amortization loss stood at $10.4 million, compared to losses of $10.5 million in the corresponding quarter last year. The generally accepted accounting principles net loss was $15.4 million compared to a net loss of $12.2 million last year.

Median platform prices for U.S. solar cells and modules were steady at approximately $0.5 per watt through April 2025, and then modestly declined by 2% to $0.49 per watt in July, according to a report by Anza Renewables. Prices for modules assembled in the U.S. with imported cells rose over 12.5% from $0.32 per watt in March to $0.36 per watt in July. Imported module prices grew to $0.255 per watt in July, rising 8.5% from $0.235 per watt in winter.