Juniper Green Energy, Navayuga Engineering Company, ACME Solar Holdings, and Tata Power Renewable Energy won Tata Power Company’s auction to supply 250 MW of firm and dispatchable renewable energy (FDRE) from projects integrated with energy storage systems on a build-own-operate basis. Juniper Green Energy secured 70 MW with a quoted tariff of ₹4.76/kWh (~$0.0547). Navayuga Engineering won 50 MW at ₹4.76/kWh (~$0.0547), while ACME Solar also secured 50 MW at the same tariff. Tata Power Renewable Energy won the largest share of 80 MW at a tariff of ₹4.77/kWh (~$0.0548).

ACME Cleantech Solutions won Solar Energy Corporation of India’s auction to supply 50,000 tons per annum of green ammonia under the Strategic Interventions for Green Hydrogen Transition program (Mode-2A-Tranche-I). ACME quoted a tariff of ₹51.89 (~$0.593)/kg to win the auction. The tariff discovered is slightly higher than the previous tariff of ₹50.75 (~$0.580)/kg won by Jakson Green. The green ammonia will be supplied to Coromandel International in Visakhapatnam, Andhra Pradesh, for ten years.

In an interview on the sidelines of the Mercom India Renewables Summit 2025, held on July 24 and 25 in New Delhi, Inder Bhambra, Chief Business Officer at Envision Energy, discussed the increasing demand for hybrid renewable energy projects, the impact of the expiry of interstate transmission system waivers, and the challenges faced by offshore projects in India.

The solar industry in India is witnessing rapid expansion, creating significant opportunities for manufacturers, solution providers, and product sellers, while also offering consumers a wider range of options. With increased competition, suppliers are under pressure to differentiate themselves, engage directly with buyers, and demonstrate the value of their products. Mercom’s Buyer-Seller Meet in Hyderabad on August 21, 2025, at Hyatt Place Banjara Hills will address all these issues. The event will focus on bridging the gap between suppliers and buyers, enabling solar installers and distributors to evaluate localized, high-quality solutions, compare costs and product features, and gain insights into industry trends.

In an interview on the sidelines of the Mercom India Renewables Summit 2025, held on July 24 and 25 in New Delhi, Jonas Dalsgaard, Chief Commercial Officer (Sustainable Energy) at Howden Group, discussed how the insurance industry is aligning its offerings with the risks faced by the renewable energy industry. He also said companies across sectors must consider climate change events as risks that should be insured against.

Dakshin Haryana Bijli Vitran Nigam (DHBVNL) invited bids to set up four 2.5 MW/5 MWh grid-integrative standalone battery energy storage systems (BESS) at 33 kV substations falling under the jurisdiction of DHBVNL and Uttar Haryana Bijli Vitran Nigam. The project will be set up on a build-own-operate basis. The projects will receive viability gap funding from the central government for up to 30% of the capital cost or ₹2.7 million (~$30,850)/MWh, whichever is lower.

Jodhpur Vidyut Vitran Nigam invited price bids for commissioning 268 MW of solar projects along with its associated transmission lines and remote monitoring system under component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan in Jalore and Phalodi circles.

NTPC Green Energy invited bids for the engineering, procurement, and construction of 80 MW/320 MWh BESS at Kerala State Electricity Board’s Pothencode and Sreekantapuram substations. The project is divided into Block-1: 40 MW/160 MWh at KSEB Pothencode Block-2 and 40 MW/160 MWh at KSEB Sreekantapuram.Bidders can bid for one block or both blocks.

SJVN Green Energy (SGEL), a wholly owned subsidiary of SJVN, invited bids for the balance of systems (BoS) and land package to set up 401 MW solar projects in Maharashtra under the Mukhya Mantri Saur Krushi Vahini (MSKVY) 2.0 program (Component C). SGEL bagged 1,352 MW capacity of solar power projects under the MSKVY 2.0 program. The BoS and land package for 401 MW solar projects is a part of the 1.3 GW projects won by SGEL.

Utility-scale energy storage firm Fluence Energy reported revenue of $602.5 million for the third quarter (Q3) of the financial year 2025, a 24.7% increase from the same quarter last year. The Q3 revenue was approximately $100 million, or 15% below company plans, due to a slower ramp-up. The revenue also missed analyst expectations of $763.4 million. The company posted a net income of $6.9 million for the quarter, compared to $1.1 million a year ago. Adjusted earnings before interest, taxes, depreciation, and amortization rose to $27.4 million from $15.6 million in the same period last year.

Clean energy solutions provider CleanMax filed a draft red herring prospectus with the Securities and Exchange Board of India to raise ₹ 52 billion (~$595.09 million) through an initial public offering (IPO) of shares. The IPO will consist of a fresh issue of shares at a face value of ₹1 (~$0.011) each aggregating up to ₹15 billion (~$171.66 million) and offer for sale of shares at a face value of ₹1 (~$0.011), each aggregating to ₹37 billion (~$423.43 million). The book-running lead managers are Axis Capital, J.P. Morgan, BN Paribas, HSBC, IIFL Capital, Nomura, BOB Capital Markets, and SBI Caps. The net proceeds amounting to ₹11.3 billion (~$129.31 million) will be utilized for repayment and/or pre-payment, partially or fully, of the company’s outstanding borrowings, including borrowings from Nomura Capital (India) and Nomura Investments (Singapore).