India’s solar open access capacity additions dropped 47% year-over-year (YoY) to 1.1 GW in the first quarter (Q1) of 2025 from over 2 GW, according to Mercom India’s Q1 2025 Solar Open Access Market Report. Solar open access capacity additions also dropped 48% quarter-over-quarter from 2.1 GW in Q4 2024. Solar open access projects accounted for 19.8% of the total large-scale solar installations during the quarter. Of the open access projects installed in Q1 2025, 67.4% were standalone solar, 32% wind-solar hybrid energy projects, and 0.6% floating solar.

Servotech Renewable Power System has secured Northeast Frontier Railway’s auction to develop 7.8 MW rooftop solar power projects in Assam’s Rangiya division. The projects estimated contract value is ₹336 million (~$3.9 million). The project’s scope of work encompasses the supply, design, installation, testing, and commissioning of rooftop solar systems with capacities ranging from 3 kW to 10 kW.

With a 55 kW rooftop solar power project in its Nellore factory, Iceberg Organic Ice Creams was able to save ₹150,000 (~$1,753)/month. When the company expanded to over 70 outlets nationwide, it resulted in increased electricity consumption.  In 2021, it decided to switch to solar power to reduce its rising electricity bills. Currently, about 80% of its electricity needs are met through the solar system and it has recovered its initial investment.

Indian Energy Exchange electricity traded volume reached 10,946 million units in May 2025, a 2.9% YoY rise from 10,633 MU. In May 2025, the country’s energy consumption stood at 148.7 billion units, down 4% YoY. The decline can be attributed to unseasonal rains and the early onset of the monsoon, which kept temperatures lower than usual, resulting in reduced electricity demand. The Real Time Market on the platform saw market-clearing prices plunge to near-zero levels due to a surge in power supply and a simultaneous dip in demand caused by unseasonal rains and thunderstorms.

Metals and mining company Lloyds Metals will procure power from Hexa Climate’s 28.2 MW wind-solar hybrid power projects in Maharashtra. Lloyds will acquire a 26% equity stake in special purpose vehicles, Hexa Energy MH3 and Hexa Energy for ₹100 million (~$1.17 million) and Hexa Energy W2 for ₹120 million (~$1.4 million). The wind-solar power project comprises an 8.4 MW wind power project and a 19.8 MW solar power project.

Automaker Maruti Suzuki India has commissioned a 20 MW solar power project at its new facility in Kharkhoda and added another 10 MW of capacity at its Manesar plant, both in Haryana. The company’s total solar capacity across its sites has increased from 49 MW to 79 MW over the past year. Maruti Suzuki India said it aims to achieve a solar capacity of 319 MW, with an investment exceeding ₹9.25 billion (~$107.63 million) by the end of FY 2031. The company installed its first solar power project in 2014 at its Manesar facility, which was later upgraded to 1.3 MW in 2018.

Kolkata-based solar module manufacturer Vikram Solar has received approval from the Securities and Exchange Board of India to proceed with its Initial Public Offering (IPO). The company filed the draft red herring prospectus for the IPO in October 2024. The IPO will consist of a fresh issue of equity shares worth up to ₹15 billion (~$176.25 million) and an offer for sale of up to 17.45 million equity shares by the promoter and promoter group selling shareholders. The face value of each equity share is ₹10 (~$0.11).

The Asian Development Bank has withdrawn loan approval of $434.25 million for a 1 GW solar project in Assam following a request from India’s Finance Ministry. The solar projects were to be implemented under the ‘Mukhya Mantri Sauro Shakti Prokolpo’ program. A 500 MW solar project and a battery energy storage system were to be set up in the state’s Karbi Anglong district. Another 250 MW solar project was planned in the same district, out of a total 1 GW capacity.

In 2024, RE100 member companies consumed over 545 TWh of electricity. More than half of that power, 53%, was attributed to renewable sources. Yet only 42% was verified under RE100’s recognition criteria, revealing persistent gaps in data quality, regulatory frameworks, and market access. RE100 companies are businesses that have committed to sourcing 100% of their electricity from renewable sources by a specific target year.

Solar cell and module manufacturer Meyer Burger Technology has announced that its German subsidiaries, Meyer Burger (Industries) and Meyer Burger (Germany), have initiated insolvency proceedings as restructuring efforts were unsuccessful. Meyer Burger stated that it had made intensive efforts to keep the sites operational during the restructuring negotiations. However, the efforts yielded no success, and the company will continue the proceedings, together with a provisional insolvency administrator to be appointed by the court.