Alpex Solar, in a consortium with NVNR Power & Infra, secured a 70 MW solar engineering, procurement, and construction (EPC) contract from the Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India. The project will be at Nandan Washery in the Kanhan Area, within the Western Coalfields region of Nagpur, Maharashtra. Alpex Solar holds 70% of the total order value. The total project cost is ₹3.5 billion (~$40.9 million) and must be completed in 540 days.

Navalai Infra secured a 37 MW solar EPC contract from Mahasamruddhi Renewable Energy (MREL), a special purpose vehicle of Maharashtra State Road Development Corporation (MSRDC). The project will be executed in three parts: 16 MW will be installed at Igatpuri and 14 MW AC at Kopergaon, both under the open access mode. An additional 7 MW will be installed at various other MSRDC-designated locations under the net metering mode.

APM Projects won CMPDI’s EPC auction to set up a 10 MW grid-connected solar power project at Lakhanpur, Mahanadi Coalfields. The company won the project at a contract value of ₹487.33 million (~$5.7 million). The tender was floated in November 2024. The project entails the design, engineering, procurement, supply, construction, storage at the site, associated civil works, erection, testing, and commissioning. Winners must procure all necessary permits and licenses for the project.

Military Engineer Services invited bids to install 1,100 kW rooftop solar systems atop buildings at the Jaipur Military Station. The project’s estimated cost is ₹49 million (~$578,057). The work must be completed within 180 days of the site’s handover. The minimum annual energy output for the 0.5 MW Niwaru project must be 720,000 units, 187,000 units for the 130 kW Jaipur project, 280,000 units combined for the Bhakrota and BSO Yard systems, and 432,000 units for the Command Motor Transport installation.

The Gujarat Electricity Regulatory Commission approved Gujarat Urja Vikas Nigam’s petition seeking tariff approval for procuring power from 1,000 MW of solar projects. The total capacity awarded comprises 500 MW base capacity and an additional 500 MW under the greenshoe option. The weighted average tariffs ranged from ₹2.55 (~$0.0298)/kWh to ₹2.555(~$0.0299)/kWh.

The Maharashtra Energy Development Agency invited bids to set up 130 kilotons per annum (KTPA) of green hydrogen production facilities under the Maharashtra Green Hydrogen Policy 2023. The projects involve establishing anchor units of up to 100 KTPA and experimental anchor units of 30 KTPA. Bids must be submitted by July 4, 2025. Bids will be opened on July 9. The scope of work includes installing, commissioning, and long-term operation of the green hydrogen and renewable energy facilities, regularly submitting compliance and production reports, and installing approved measurement and monitoring systems.

Gurugram-based renewable energy services company BluPine Energy, an Actis-backed renewable energy platform, achieved financial closure of a debt funding of ₹3.76 billion (~$44 million) from Standard Chartered Bank for its 100 MW under-construction solar power project in Tharad, Banaskantha district, Gujarat. The project is expected to be completed by the first half of 2026. The project was undertaken under its wholly owned subsidiary Solarcraft Power India 5 and is being developed under the Gujarat Urja Vikas Nigam’s Phase XXII auction.

Solar glass manufacturer Borosil Renewables reported revenue of ₹3.73 billion (~$43.97 million) for the fourth quarter of the financial year 2025, marking a 31.9% year-over-year (YoY) increase from ₹2.83 billion (~$33.36 million). The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose significantly to ₹273.6 million (~$3.23 million), reversing from an EBITDA loss of ₹208.2 million (~$2.45 million) in the same quarter last year. The net loss for the quarter narrowed by 44.6% YoY to ₹295.3 million (~$3.48 million). The company reported a loss per share of ₹1.53 (~$0.018), compared to ₹3.68 (~$0.043) a year ago.

Norway-based renewable energy solutions provider Scatec posted a 41.6% YoY rise in consolidated revenue to NOK1.81 billion (~$174.28 million) in the first quarter of 2025 from NOK1.28 billion (~$123.25 million). The company has attributed the revenue growth to an increase in power production, which rose by 78 GWh from last year, primarily driven by improved hydrology in the Philippines and Laos.

A study by the U.S. Department of Energy’s National Renewable Energy Laboratory has claimed it improved perovskite solar cell (PSC) technology performance by replacing the commonly used fullerene electron transport layer with a newly synthesized ionic salt, commonly referred to as CPMAC. A study published in the journal Science said that this substitution significantly enhances PSCs’ performance, efficiency, and long-term durability, bringing the technology closer to commercial viability.