Trina Solar, Waaree Energies, Goldi Solar, Rayzon Solar, and Saatvik Green Energy were the top solar module suppliers in 2025, according to Mercom’s recently released India Solar Market Leaderboard 2026. India’s solar module demand grew significantly in 2025, driven by record project installations. Annual capacity additions reached 36.6 GW, marking the highest annual installation level recorded so far.

The Central Electricity Regulatory Commission (CERC) issued draft amendments to the Power Market Regulations, 2021, proposing a framework for implementing market coupling across power exchanges. The draft Power Market (Second Amendment) Regulations, 2026, set out the institutional structure and operational framework for market coupling and price discovery in the power market.

The Rajasthan Electricity Regulatory Commission announced a demand flexibility portfolio obligation (DFPO) target of 0.25% for state distribution companies for the financial year (FY) 2027. The Commission has also issued DFPO targets of 1% for FY 2028, 1.5% for FY 2029, and 2% for FY 2030.

The Gujarat Electricity Regulatory Commission (GERC) approved the refund of connectivity charges of ₹100,000 (~$1,079) per application to small-scale distributed solar project developers who exercised the second-time exit option. The Commission noted that such connectivity charges are classified as non-refundable under Regulation 7(2) of the GERC (Terms and Conditions of Intra-State Open Access) Regulations, 2011, and that it was necessary to relax the non-refundable connectivity charge provision.

Sterling and Wilson Renewable Energy won Coal India’s auction for the engineering, procurement, and construction package for a 875 MW grid-connected solar project at Rajasthan Rajya Vidyut Utpadan Nigam’s 2,000 MW Solar Park in Pugal, Rajasthan. The contract value is estimated at ₹34.9 billion (~$376.75 million).

Mitarsh Energy won NTPC Green Energy’s auction for the comprehensive operation and maintenance (O&M) of 540 MW grid-connected solar projects in Nokhra and Devikot, Rajasthan, for three years. The tender was issued in December 2025. Mitarsh’s scope of work includes providing O&M services for the 300 MW solar projects in Nokhra and for the 150 MW and 90 MW solar projects in Devikot.

The New and Renewable Energy Development Corporation of Andhra Pradesh invited expressions of interest to empanel vendors to set up rooftop solar projects between 1 kW and 500 kW on government buildings in Andhra Pradesh. The last date to submit bids is April 22, 2026. Bids will be opened on April 23.

The Solar Energy Corporation of India (SECI) invited bids for a peak supply of 1.5 GWh (500 MW x 3 hours) from interstate transmission system-connected renewable energy projects across India under the Contract for Difference (CfD) mechanism. Recently, the Ministry of New and Renewable Energy approved the pilot CfD program for renewable energy, with SECI designated as the nodal agency.

The New and Renewable Energy Development Corporation of Andhra Pradesh issued two separate tenders for the development of waste-to-energy facilities in Andhra Pradesh, with a combined capacity of 27 MW, under the public-private partnership model. Bids must be submitted by April 27, 2026. Bids will be opened on April 28.

Dr. NTR University of Health Sciences in Vijayawada, Andhra Pradesh, commissioned a 100 kW rooftop solar power system to reduce electricity costs, improve energy sustainability, and lower its carbon footprint. Funded by Canara Bank under its corporate social responsibility initiative, the installation highlights the role of financial institutions in enabling clean energy adoption in educational institutions.

The Government of Andhra Pradesh approved a ₹25.5 (~$274.1 million) investment by Kolkata-based NPSPL Specialty Chemicals to establish a cathode material manufacturing facility in the state’s Chittoor district. The facility will be spread across 105 acres in Gudupalle Mandal in Chittoor.

The SECI invited bids to assess and aggregate demand for virtual power purchase agreement (VPPA)-based renewable energy procurement. The information obtained through this tender will form the basis for designing subsequent VPPA tenders, including determining the procurement quantum, supply profiles (such as round-the-clock or peak-hour supply), contract duration, and payment security structures.

Italy added 1.44 GW of new solar capacity in the first quarter (Q1) of 2026, reflecting a mixed trend across segments, with growth in large-scale installations offset by a slowdown in the residential market. The country had 2,216,994 solar installations with a cumulative capacity of 44,952 MW as of March 31, 2026. During the quarter, 50,513 new systems were installed.

China-based solar cell and module manufacturer JinkoSolar posted a revenue of RMB17.51 billion (~$2.56 billion) in Q4 of 2025, down 15.2% year-over-year from RMB20.65 billion (~$3.03 billion), mainly due to the decrease in the average selling price of solar modules. The company’s net loss widened to RMB1.5 billion (~$219.93 million) from RMB476.6 million (~$69.88 million).