ACME Cleantech Solutions won Solar Energy Corporation of India’s (SECI) auction to supply 20,000 tons per annum of green ammonia under the Strategic Interventions for Green Hydrogen Transition (SIGHT) program (Mode-2A-Tranche-I). ACME quoted a tariff of ₹64.74 (~$0.73)/kg, the highest in the SIGHT Scheme (Mode-2A) so far, to win the auction. In a previous auction, the company had quoted the lowest tariff of ₹49.75 (~$0.569)/kg. The green ammonia will be supplied to Indorama India in Haldia, West Bengal.

India added solar projects totaling 18 GW in the first half (1H) of 2025, a 31% year-over-year (YoY) increase from the same period last year, according to Mercom India Research’s newly released Q2 2025 India Solar Market Update. In the second quarter (Q2) of 2025, India added 11.3 GW of solar capacity, a 145.4% YoY increase from 4.6 GW and a 66.9% increase from Q1 2025. Solar accounted for 64% of new power capacity additions in Q2 2025. In 1H 2025, solar project commissioning in India accelerated due to regulatory deadlines.

The Supreme Court of India held that Chamundeshwari Electricity Supply Company’s decision to encash the performance bank guarantee furnished by Saisudhir Energy was fully valid under the power purchase agreement. The decision, which overturned the earlier rulings of the Karnataka Electricity Regulatory Commission and the Appellate Tribunal for Electricity, came after the apex court found that the developer did not seek an extension through the prescribed contractual process or issue a proper notice of force majeure.

The Rajasthan Electricity Regulatory Commission approved Rajasthan Urja Vikas and IT Services’ (RUVITL) request to extend its power purchase agreements (PPAs) for 2.5 MW and 1.25 MW wind projects in the state’s Jaisalmer district for five years. The Commission also approved the discovered tariff of ₹2.44 (~$0.028)/kWh. In December 2004, the petitioner, RUVITL, signed two PPAs for setting up 2.5 MW (2 x 1.25 MW) wind projects and a 1.25 MW wind project at the Kotari village in the Jaisalmer district. The PPAs expired in September 2024.

Maharashtra State Electricity Board Solar Agro Power, a subsidiary of MSEB Holding Company, invited bids to procure 1.6 GW of decentralized ground-mounted solar projects under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. Bids must be submitted by August 28, 2025. Bids will be opened on the same day. The scope of work entails the financing, ownership, design, construction, and operation of the solar projects at the feeder level across the state. It also involves providing operations and maintenance services for 25 years.

Delhi-based Jakson Engineers, a subsidiary of Jakson Group, announced an investment of over ₹80 billion (~$930.23 million) to establish a 6 GW integrated solar manufacturing facility at Maksi Phase II in Madhya Pradesh. The project, spread across 110 acres, will be executed in two phases. Site activities are scheduled to begin within 15 days, with Phase I involving the establishment of 3 GW of solar module capacity and 3 GW of solar cell capacity at a cost of around ₹20 billion (~$232.56 million). Phase II will add 6 GW of wafer manufacturing capacity along with an additional 3 GW each for modules and cells, with over ₹60 billion (~$697.67 million) in investment.

REC Silicon, a Norway-based silicon material manufacturing company, reported a revenue of $19.9 million for Q2 2025, an 83% YoY decline from $36.4 million. The revenue decrease was attributed to reduced polysilicon sales as the company continues to liquidate inventories, alongside planned maintenance outages at its Butte operations. REC Silicon recorded a positive earnings before interest, taxes, depreciation, and amortization of $4.9 million, compared to a negative $1.5 million in Q2 2024 from continuing operations, reversing the loss of $4.6 million reported in Q1 2025.

Power converter manufacturer Statcon Energiaa secured an investment from Rotomag Enertec, providing the latter with a 50.99% stake in the company. The two companies aim to develop and deploy MW-scale battery energy storage systems, among other things, following the investment’s finalization. Statcon Energiaa designs, manufactures, and commercially sells on-grid solar inverters. Its solutions cater to the green hydrogen, railway, defense, and power sectors. The company said it recently finalised a licensing contract with AEG PS, Germany, to develop rectifier systems for electrolyzers used in green hydrogen production.

Hydrogen fuel cell solutions provider Plug Power reported a revenue of $174 million in the second quarter of 2025, a 21% year-over-year increase from $143 million and surpassing analysts’ expectations by $15.98 million. The revenue growth was driven by rising demand for the company’s GenDrive fuel cells, GenFuel hydrogen infrastructure, and GenEco electrolyzer platforms. The company’s net loss fell to $227 million, a 13.35% decrease from a net loss of $262 million in the corresponding period last year.