Solar photovoltaic projects comprised 21.2% of India’s total installed power capacity and 46.8% of the total installed renewable capacity at the end of December 2024. India’s installed solar capacity rose 10.5% quarter-over-quarter and 57.2% year-over-year.

Kerala emerged as a leader in residential rooftop solar installations, with the PM Surya Ghar program being a major catalyst. Kerala has achieved a 60.13% application-to-installation conversion rate, reflecting high implementation efficiency. This ratio highlights the active participation of distribution companies and empaneled vendors.

The Ministry of New and Renewable Energy released the “Solar Systems, devices and Components Goods Order, 2025,” setting performance standards for solar modules, inverters and storage batteries.

The Gujarat Electricity Regulatory Commission adopted a uniform tariff for Madhya Gujarat Vij Company Limited’s three solar power projects developed under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan program.

The Union Cabinet approved the National Critical Mineral Mission with an expenditure of ₹163 billion (~$1.88 billion) and an expected investment of ₹180 billion (~$2.07 billion) by public sector undertakings and other entities.

The Assam Electricity Regulatory Commission issued the Draft (Grant of Connectivity to the Intra-State Transmission System) Regulations, 2025,” outlining the processes, criteria, and conditions for granting connectivity to the intra-state transmission system.

NTPC Vidyut Vyapar Nigam issued tenders for the engineering, procurement, and construction of 4 MW grid-connected rooftop solar power projects at the Defence Research and Development Organisation campuses in Delhi and Bengaluru.

Coal India invited proposals from financial institutions for a loan of ₹12.17 billion (~$147.05 million) to set up 300 MW ground-mounted solar power project at Gujarat Industries Power Company’s solar park in Khavda, Gujarat.

Bridge and Roof Company, a government of India enterprise under the Ministry of Heavy Industries, won SJVN Green Energy’s engineering, procurement and construction auction to set up a 100 MW solar power project in the Didwana-Kuchaman district of Rajasthan.

Wind turbine manufacturer Suzlon Energy recorded a revenue of ₹29.69 billion (~$343 million) during the third quarter of the financial year 2025, an increase of 91% year-over-year from ₹15.53 billion (~$179.39 million). This growth was primarily driven by a 132% YoY rise in revenue from the sale of wind turbine generators.

Independent power producer JSW Energy reported a net profit of ₹1.68 billion (~$19.42 million) in the third quarter of the financial year 2025, a decrease of 27% YoY from ₹2.31 billion (~$26.70 million) due to lower revenues from thermal and hydropower projects.