Vadodara Municipal Corporation invited bids to install 3 MW rooftop solar systems on its buildings. Bids must be submitted by February 24, 2025. Selected bidders must oversee the systems’ operation and maintenance for ten years. They must use modules included in the Approved List of Models and Manufacturers issued by the Ministry of New and Renewable Energy (MNRE). The systems must be installed within 240 days of issuing the work order. The estimated work cost is ₹198.66 million (~$2.27 million).

Terra Clean, a subsidiary of Indian Oil Corporation, invited bids for land, power evacuation, and balance of plant (BoP) package for a 275 MW inter-state transmission system-connected wind project. Bids must be submitted by February 28, 2025. Bids will be opened on the same day. The scope of work entails procuring land, setting up a power evacuation system, and completing the BoP package work for the wind project. It also includes operation and maintenance for five years. The project must be completed within 14 months of the award.

Public infrastructure finance company REC Limited recorded a total income of ₹142.86 billion (~$1.63 billion) for the third quarter of the financial year 2025, an 18% year-over-year (YoY) increase. REC’s net profit for the quarter rose 23% YoY to ₹40.76 billion (~$465.35 million). The company’s earnings per share came in at ₹15.48 (~$0.18) compared to ₹12.56 (~$0.14) in the corresponding quarter last year. REC approved loans totaling ₹848.08 billion (~$9.68 billion) during the quarter, a 36% decrease YoY. The generation, and infrastructure and logistics sectors received the highest share at 26% each, followed by renewables (24%) and distribution (16%).

India’s installed solar capacity surpassed 100 GW, the MNRE has announced. As of January 31, 2025, the installed solar capacity has reached 100.33 GW, Minister for New and Renewable Energy, Pralhad Joshi said. According to an MNRE release, 84.10 GW of solar installations are under implementation, and 47.49 GW are under tendering. Solar now contributes 47% of the total renewable energy capacity. Rajasthan, Gujarat, Tamil Nadu, Maharashtra, and Madhya Pradesh contributed most to India’s total utility-scale solar installations.