India is seeing an increased adoption of solar tracking systems, particularly in utility-scale projects, to maximize energy generation. By improving energy yield without additional land, trackers are becoming essential for developers, EPCs, and industrial users seeking higher efficiency, faster returns, and optimized project performance.

The Karnataka Electricity Regulatory Commission set the ceiling tariff for wind power projects for the control period from the financial year (FY) 2027 to FY 2029. The Commission also clarified that the approved tariff of ₹3.60 (~$0.0379)/kWh would apply to payments for banked energy procured by distribution licensees. The order will remain in force from April 1, 2026, to March 31, 2029.

The Rajasthan Rajya Vidyut Prasaran Nigam issued a standard operating procedure (SOP) for the first time charging of battery energy storage systems installed with commissioned or soon-to-be-commissioned renewable energy projects under the Rajasthan Integrated Clean Energy Policy 2024. The SOP, effective from April 22, 2026, includes multiple annexures detailing technical requirements, testing protocols, and system studies.

The Punjab State Electricity Regulatory Commission approved the long-term procurement of firm, dispatchable renewable energy by the Punjab State Power Corporation from NHPC for 25 years. The approval covers 160 MW under Tranche II and 250 MW under Tranche VI, subject to the projects being commissioned within the timeline required to retain eligibility for a 50% waiver of interstate transmission charges.

The Ministry of New and Renewable Energy expanded the Approved List of Models and Manufacturers (ALMM) List-II for solar cells in its seventh revision. RenewSys India has entered the ALMM List-II with 452 MW of bifacial N-Type TOPCon solar cells at its manufacturing facility in the Ranga Reddy district of Telangana.

PFC Consulting issued a tender to select a transmission service provider to develop an interstate transmission system (ISTS) for a network expansion project. The project involves developing an ISTS for a network expansion near Satara, Maharashtra, to support up to 4,500 MW of pumped storage capacity. The last day to submit the bids is July 3, 2026. Bids will be opened on the same day.

The North Eastern Electric Power Corporation (NEEPCO) invited bids from empaneled channel partners to set up grid-connected rooftop solar systems across three northeastern states. The systems, ranging from 1 kW to 10 kW, will be installed across Tripura, Meghalaya, and Mizoram. NEEPCO said the cumulative indicative capacity across all three states could range from approximately 1 kW to 300 kW, depending on consumer response and the effectiveness of implementation under the PM Surya Ghar program.

Gujarat Urja Vikas Nigam invited bids to procure power from 250 MW of grid-connected wind projects. Bids must be submitted by May 26, 2026. Bids will be opened on May 29. The Phase XI tender also has a greenshoe option for an additional 250 MW. These projects can be set up anywhere in India. The scope of work includes setting up the wind power projects, including the associated transmission network to connect with the central or state transmission utility network at their own cost.

The Grid Corporation of Odisha invited bids to select a consultant to conduct an environmental and social impact assessment of a floating solar project. The last date to submit bids is June 3, 2026. Bids will be opened on the same day. The work concerns the development of the 225 MW Upper Indravati floating solar project and its associated evacuation infrastructure in Odisha.

NTPC Renewable Energy invited bids for the interconnecting transformer package for 900 MW solar projects. Bids must be submitted by May 27, 2026. Bids will be opened on the same day. The scope of work includes design, engineering, manufacturing, supply, testing, packing, forwarding, transportation, unloading, and supervision of the erection and commissioning of two 500 MVA, 400/220/33 kV three-phase interconnecting transformers, along with all required accessories.

China-based solar cell and module manufacturer JinkoSolar posted a revenue of RMB12.25 billion (~$1.78 billion) in the first quarter of 2026, down 11.5% year-over-year from RMB13.84 billion (~$2 billion). The company attributed the revenue decrease to a decline in solar module shipments.

Microinverter and battery storage supplier Enphase Energy reported revenue of $282.9 million in the first quarter of 2026, decreasing 20.6% year-over-year (YoY) from $356.1 million. Net profit stood at $62.26 million, down 30.2% YoY from $89.24 million. Earnings per share came in at $0.47, compared to $0.68 in Q1 2025. However, it beat analysts’ expectations by $0.04.

China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation reported revenue of $26.7 million in the first quarter of 2026, down 78.5% year-over-year from $123.9 million. Revenue missed analysts’ expectations by $182.65 million. The decrease in revenues was primarily due to lower sales volume, as the company reduced sales considering relatively low selling prices.