The Telangana government has issued a draft policy renewable energy policy aiming to add 51 GW of renewable energy capacity by the financial year 2035. The Telangana Renewable Energy Policy-2024 targets achieving a solar capacity of ~34 GW across grid-scale, floating and distributed renewable energy, wind capacity of ~4.5 GW, hydro capacity of ~2.5 GW, and energy storage solutions, including battery energy storage system and pumped storage project of ~10 GW by FY35. The policy also aims to promote the production of green hydrogen and its derivatives.

The Karnataka Electricity Regulatory Commission has released draft regulations to strengthen the framework for ancillary services to maintain the state’s grid. These regulations are driven by an increasing renewable energy penetration, rising demand, and diverse grid integration challenges. The regulations apply to intra-state entities, including entities with energy storage resources and entities capable of providing demand response and qualified to provide ancillary services.

Rajasthan Electronics and Instruments, a joint venture between the Government of India and the Rajasthan government, has floated a tender to survey, design, supply, install, test, and commission 15 MW of grid-connected rooftop solar photovoltaic power projects on state government buildings.

The Indian Oil Corporation has issued a tender for replacing 1 MW solar modules along with necessary cabling and connection and integrating it with the existing 5 MW solar power project at Rawra in Jodhpur, Rajasthan.

ITI Limited, a public sector undertaking of the Department of Telecommunication, has issued a tender for establishing a 500 MW fully automatic solar photovoltaic (SPV) module manufacturing line on a turnkey basis at ITI Limited, Prayagraj, Uttar Pradesh. The tender involves setting up a 250 MW fully automatic SPV manufacturing line as Phase-I, with the potential to expand it up to a 500 MW capacity in the future.

The Indian Energy Exchange (IEX) recorded its highest-ever monthly electricity trading volume of 11,132 MU in December 2024, marking a 29% year-over-year (YoY) increase. In the third quarter (Q3) of the financial year (FY) 2025 alone, the traded volume stood at 30,464 MU, a 16% YoY growth. For the first nine months of FY25, the total electricity traded volume reached 88,981 MU, up 19% YoY. IEX recorded a trading volume of 781 MU of green energy in December 2024, reflecting a 236% YoY growth from 232 MU. In Q3 FY25, the green energy segment achieved a volume of 2,470 MU, a 305% YoY increase.

Public infrastructure finance company REC has announced a significant increase in loan disbursements for the third quarter (Q3) of the financial year 2025. The non-banking financial company disbursed a total of ₹546.92 billion (~$6.63 billion) in Q3 FY 2025, marking a 17.98% rise from the same period last year. REC increased its focus on renewable energy in Q3, with disbursements in this category achieving a 58.09% year-over-year growth. The company directed loans worth ₹63.14 billion (~$765.94 million) towards green energy initiatives in this quarter.

Energy storage systems have seen a rise amidst boom in the renewables sector in the MENA region. The region’s installed renewable energy capacity reached 32 GW in 2023 and is expected to approach 40 GW by year-end. By 2030, it is projected to grow to 180 GW, reflecting a compounded annual growth rate of 30%, according to the Middle East Solar Industry Association.