With just over two months to go before the interstate transmission system (ISTS) charges waiver ends, the Indian renewable energy project developers are keeping their fingers crossed for an extension. The ISTS-charges waiver will end on June 30, 2025. While the waiver is in effect, commercial and industrial consumers can access renewable energy from various states at a more affordable price.

Corporate funding for energy storage companies, including venture capital, debt, and public market financing, totaled $2.2 billion across 31 deals in the first quarter (Q1) of  2025, according to Mercom Capital Group’s newly released Q1 2025 Funding and M&A Report for Energy Storage. This represents an 81% year-over-year (YoY) drop from the $11.7 billion raised in 29 deals in Q1 2024.

The Maharashtra Electricity Regulatory Commission directed the Maharashtra State Electricity Distribution Company and the Braithwaite Nacof Solar Project (Braithwaite) to resolve a power purchase agreement dispute through arbitration. The MERC direction follows a Bombay High Court order directing the same.

REC Power Development and Consultancy invited bids to develop an interstate transmission system to evacuate power from Pumped Storage Projects in Sonbhadra district, Uttar Pradesh, under a build, own, operate, and transfer model. Bids must be submitted by June 27, 2025. Bids will be opened on the same day. The scope of work entails establishing the 765/400 kV Robertsganj pooling station, providing loop-in loop-out of the existing 765 kV Varanasi-Gaya transmission lines, constructing a new 765 kV double circuit transmission line to Prayagraj, installing switchable line and bus reactors, and developing future provision infrastructure.

The Central Electronics, a Ministry of Science and Technology undertaking, floated a tender to set up a 200 MW solar module manufacturing line in Sahibabad, Uttar Pradesh. The project will be set up on a revenue-sharing model under the Make in India initiative. The last date to submit bids is May 14, 2025. Bids will be opened on the same day.

NTPC Renewable Energy (NTPC REL) invited bids to set up a 2 MW green hydrogen generation system/electrolyzer for a green hydrogen mobility project at Sipat, Chhattisgarh. The last date to submit bids is May 7, 2025. Bids will be opened on May 8. The final project capacity may range between 1 MW and 2 MW based on NTPC REL’s requirements. Selected bidders must design, engineer, erect, test, and commission the hydrogen mobility project. They must also deliver and receive the project equipment and conduct all the safety studies, including the Hazard Identification and Risk Assessment study.

Indian Energy Exchange reported a consolidated profit after tax of ₹1.17 billion (~$13.7 million) in the Q4 of the financial year (FY) 2025, a 21.1% increase YoY from ₹967 million (~$11.3 million). Consolidated revenue stood at ₹1.7 billion (~$19.9 million), a 17% increase from ₹1.49 billion (~$17.4 million). The growth can be attributed to the highest-ever quarterly traded electricity volume of 31.7 billion units, an increase of 18% YoY.

Sterling and Wilson Renewable Energy, the engineering, procurement, and construction arm of the Shapoorji Pallonji Group, recorded its highest-ever quarterly revenue of ₹25.19 billion (~$296.35 million) in Q4 FY 2025, a 114% YoY and 37% quarter-on-quarter growth. The company reported a net profit of ₹550.1 million (~$6.42 million) for the quarter. The net profit stood at ₹855.5 million (~$9.99 million) for FY 2025.

China added 59.71 GW of solar power capacity in Q1 2025, a 30.54% YoY growth from 45.74 GW. The country’s cumulative installed solar power capacity reached 950 GW as of March 2025. According to China’s National Energy Administration, solar comprised 69.65% of the country’s total power capacity additions in Q1 2025.