Reliance NU Energies, Sembcorp Green Infra, Solarcraft Power India 8 (BluPine Energy), and ACME Solar Holdings won SJVN’s auction to supply 6 GWh (1.5 GW x 4 Hours) of assured peak power from interstate transmission system-connected renewable energy projects with energy storage system. Reliance and Sembcorp both quoted a tariff of ₹6.74 (~$0.0760)/kWh to win 750 MW and 150 MW, respectively. Solarcraft secured 150 MW at a tariff of ₹6.75 (~$0.0761)/kWh. ACME won 450 MW, out of the quoted 600 MW, under the bucket filling method.

Transmission utilities reported 17 cases of failure of power transformers of 220 kV and above voltage between January and June 2025, according to a report by the Central Electricity Authority (CEA). The CEA observed that a large number of transformer failure incidents remain unreported, as many state and central transmission utilities and private utilities have failed to share data. Transformers are the costliest equipment in a switchyard/substation. They are expected to serve the entire life of the substations, which is considered to be 35 years.

To make distribution companies more financially viable, the Ministry of Power proposed an amendment to the Electricity Act, 2003, mandating the electricity regulators to issue cost-reflective power tariffs. Stakeholders can send objections/suggestions to the draft amendments by November 10, 2025. The Ministry stated in the Draft Electricity (Amendment) Bill, 2025, that distribution companies were facing cumulative losses exceeding ₹6.9 trillion (~$77.68 billion), despite the introduction of several reforms.

The Telangana Electricity Regulatory Commission (TGERC) determined that no additional surcharges will be levied on open access power consumers for the second half (2H) of the financial year (FY) 2026. Previously, the Commission determined an additional tariff of ₹1.45 (~$0.016)/kWh in 1H FY 2026. The new nil surcharge approved by the Commission will be applicable from October 1, 2025, to March 31, 2026. TGERC stated that it decided not to impose the surcharge because the Telangana distribution companies had no recoverable stranded charges.

The Delhi Metro Rail Corporation invited bids from developers to supply 170 MW of solar power from an interstate transmission system (ISTS)-connected captive power project, along with a co-located 680 MWh battery energy storage system (BESS). Bids must be submitted by November 17, 2025. Bids will be opened on November 18. The scope of work includes the design, financing, construction, commissioning, and 25-year operation and maintenance of the solar and storage facility. It must be connected to the ISTS through a central transmission utility substation, with the BESS co-located to avail of transmission charge waivers.

Sun Drops Energia, a subsidiary of KPI Green Energy, won an aggregate capacity of 100 MW solar projects under Gujarat’s Distributed Renewable Energy Bilateral Purchase (DREBP) Policy. The projects are tentatively scheduled to be completed in the financial year 2027. They will be commissioned in tranches. The projects will be executed on a turnkey basis and will use solar modules that comply with domestic content requirements. The DBERP policy aims to help distribution companies in Gujarat meet their renewable purchase obligations.

Mahindra Susten, the clean-tech arm of the Mahindra Group, achieved financial closure for its 45 MW solar power project in Bathinda, Punjab. The project, developed by Neon Hybren, a wholly-owned subsidiary of Mahindra Susten, secured financing of ₹1.4 billion (~$15.78 million) from the Export-Import Bank of India under Exim Bank’s sustainable finance program. The solar project has a power purchase agreement with Swaraj Tractors, a part of the Mahindra Group’s farm equipment division, which announced it would source renewable energy from Mahindra Susten’s 26 MW group captive solar project in Punjab.

ENGIE India signed a power purchase agreement with Solar Energy Corporation of India for a 100 MW solar power project in Barmer, Rajasthan. ENGIE said the Barmer site’s conditions and infrastructure make it a strategic addition to its Rajasthan portfolio, which it said now approaches 1 GW. The project is slated for commissioning in 2027. Amit Jain, CEO and Country Manager, India MD Renewables & Batteries India & South-East Asia at ENGIE, said the Barmer project will deliver dependable solar power to a region where rising energy demand and economic growth go hand in hand.

Coimbatore-based solar energy company, Natrinai Green Energy, received BSE’s approval for its draft red herring prospectus for an initial public offering to raise ₹43.6 million (~$491,903) by issuing 4.36 million equity shares, with a face value of ₹10 (~$0.11)/share. This includes a fresh issue size of 4.14 million equity shares, aggregating to ₹41.4 million (~$467,061) and an offer for sale size of 220,200 equity shares aggregating to ₹2.2 million (~$24,842). It plans to use ₹324.84 million (~$3.6 million) of the net proceeds from the share issue to set up a 7 MW grid-connected solar project at Tamil Nadu’s Poomalaikundu and Veppampatti villages.

Gujarat-based solar module manufacturer, Solex Energy, reported a 52% year-over-year revenue growth of ₹4.15 billion (~$46.83 million) in the first half of the financial year 2026, from ₹2.73 billion (~$30.81 million). The growth was driven by expansion across its manufacturing and engineering, procurement, and construction business, an increase in demand across both domestic and international markets, and a rapidly expanding project portfolio. Solex said it is diversifying its customer portfolio, serving government agencies, public sector undertakings, corporate clients, and global partners across more than 20 Indian states and several international markets.

Solar module prices for distributed generation projects in the U.S. increased by 3.7% to $0.28/W in the third quarter of 2025, according to Anza Renewables. The rise in prices was influenced by the rush to start projects exceeding 1.5 MW to claim the investment tax credits under the 5% safe harbor. The upward trajectory is consistent with the industry trend of developers locking in module prices and protecting themselves against the current and expected increase in tariffs and duties. It was also fueled by the developer’s interest in trade-compliant bill of materials.

The Government of Ireland allocated almost €1.1 billion (~$1.16 billion) in Budget 2026 to accelerate its energy transition and support the country’s path to a net-zero future, according to the country’s Department of Climate, Energy, and the Environment. The department stated that core capital allocation has increased by €169 million (~$179 million) compared to the previous year, with record levels of funding directed towards home energy upgrades, offshore renewable energy development, and the circular economy. Budget 2026 provides €724 million (~$768 million) to make Ireland’s energy systems sustainable, affordable, and secure.