VSL Renewable Wins O&M Contract for NTPC Green’s 810 MW Solar Projects

NLC India Commissions 52.83 MW of 300 MW Solar Project in Rajasthan

Andhra Pradesh Invites Bids for 1,000 MW/2,000 MWh BESS Projects

SCC Infrastructure Wins SECI’s 15,000 TPA Green Ammonia Auction

SAEL Industries Commissions 200 MW Solar Project in Rajasthan

WBERC Sets Net Billing and Gross Metering Feed-in Tariffs for Rooftop Solar

Bihar Issues Draft Regulations for Renewable Energy Tariff Determination

ACME Cleantech Wins SECI’s 25,000 TPA Green Ammonia Auction

POWERGRID Bags Transmission Project to Integrate Renewable Energy in Karnataka

Supply Chain Shortages and Inflation Delay Power Transmission Projects


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					</table><p>India added solar projects totaling 18 GW in the first half (1H) of 2025, a 31% year-over-year (YoY) increase from the same period last year, according to Mercom India Research’s newly released <a href="https://www.mercomindia.com/product/q2-2025-india-solar-market-update" target="_blank" rel="noopener">Q2 2025 India Solar Market Update</a>.</p>
<p>In the second quarter (Q2) of 2025, India added 11.3 GW of solar capacity, a 145.4% YoY increase from 4.6 GW and a 66.9% <a href="https://www.mercomindia.com/india-adds-7-gw-solar-capacity-q1-2025" target="_blank" rel="noopener">increase</a> from Q1 2025.</p>
<p>Solar accounted for 64% of new power capacity additions in Q2 2025.</p>
<p>In 1H 2025, solar project commissioning in India accelerated due to regulatory deadlines.</p>
<p>Developers aimed for partial commissioning before June 2025 to secure interstate transmission system (ISTS) charge waivers, supported by the rising demand from distribution companies (DISCOMs) for round-the-clock (RTC) power.</p>
<p>According to Priya Sanjay, Managing Director at Mercom India, the rush to commission projects before the expiry of the interstate transmission system charges waiver was the major driver behind solar capacity additions in Q2.</p>
<p>She added that the installations would have been higher if there were fewer challenges in securing modules compliant with domestic content requirements (DCR).</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Q22025QMU-1.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-83682 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Q22025QMU-1.png" alt="" width="940" height="316" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Q22025QMU-1.png 940w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Q22025QMU-1-300x101.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Q22025QMU-1-768x258.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Q22025QMU-1-650x219.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Q22025QMU-1-624x210.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Q22025QMU-1-600x202.png 600w" sizes="(max-width: 940px) 100vw, 940px" /></a></p>
<p>Rajasthan, Gujarat, and Maharashtra led in large-scale solar capacity additions for the quarter, accounting for 33.7%, 27%, and 17.4% of installations, respectively.</p>
<p>About the future of vanilla solar projects, Sanjay said the extent of demand for vanilla projects will depend on the demand from DISCOMs. “One of the reasons for the likelihood of wind-solar hybrid projects to take the forefront is better utilization of land and transmission infrastructure for hybrid projects. If there is a smaller tariff gap between hybrid and vanilla projects, even DISCOMs may prefer offtake from hybrid projects.”</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/ud-cart.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-83720 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/ud-cart.png" alt="" width="955" height="456" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/ud-cart.png 955w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/ud-cart-300x143.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/ud-cart-768x367.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/ud-cart-650x310.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/ud-cart-624x298.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/ud-cart-600x286.png 600w" sizes="(max-width: 955px) 100vw, 955px" /></a></p>
<p>“India’s solar installations surged in Q2 with over 11 GW added, making it one of the strongest quarters to date. Developers continue to face shortages of DCR-compliant modules, transmission and substation bottlenecks, and delays in power purchase agreement signings. At the same time, the market is transitioning toward storage, RTC, and hybrid projects to address grid challenges and curtailment risks. Without stronger domestic manufacturing output and balanced policy interventions, installations will remain under pressure and lag behind the expanding pipeline,” said Raj Prabhu, CEO at Mercom Capital Group</p>
<p><strong>Utility-Scale Projects</strong></p>
<p>Large-scale solar capacity rose by 20% YoY from 12.6 GW in 1H 2024.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/image-9.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-83694 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/image-9.png" alt="" width="1033" height="595" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/image-9.png 1033w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/image-9-300x173.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/image-9-768x442.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/image-9-650x374.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/image-9-624x359.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/image-9-600x346.png 600w" sizes="(max-width: 1033px) 100vw, 1033px" /></a></p>
<p>As of June 2025, India&#8217;s cumulative installed solar capacity stood at 116.4 GW.</p>
<p>Large-scale projects accounted for nearly 86%, and rooftop solar accounted for almost 14% of the cumulative installations. Solar projects accounted for 24% of India&#8217;s total installed power capacity and over 49% of the total installed renewable energy capacity as of the end of June 2025.</p>
<p>Rajasthan, Gujarat, and Karnataka were the top three states in cumulative installations of large-scale solar projects, accounting for around 29%, 18%, and 13%, respectively.</p>
<p>As of June 2025, the top 10 states accounted for over 95% of cumulative large-scale solar installations.</p>
<p><strong>Tenders and Auctions</strong></p>
<p>As of June 2025, India&#8217;s large-scale solar project pipeline stood at almost 191 GW, with an additional over 131 GW of projects tendered and pending auction.</p>
<p>In Q2 2025, tenders issued for utility-scale solar capacity dropped by 65% YoY to 6.5 GW from 18.6 GW and 53.8% quarter-over-quarter (QoQ) from 14.1 GW, as the Ministry of New and Renewable Energy is yet to announce detailed quarterly targets or allocate capacities to implementing agencies, adding to the uncertainty</p>
<p>In 1H 2025, 20.6 GW of large-scale solar capacity tenders were announced, down 58.2% from 49.3 GW during the same period in 2024.</p>
<p>Sanjay noted that the drop was due to the confusion among developers on whether to account for ISTS waiver charges in the tariff. “Module availability remains another issue unaddressed.”</p>
<p>Auctions for utility-scale solar projects in Q2 2025 totaled 1.6 GW, down 75.2% from 6.7 GW from the same period last year and 74.1% QoQ from 6.4 GW.</p>
<p>In 1H 2025, 8.1 GW of utility-scale solar projects were auctioned, a 74% drop from 31.8 GW in 1H 2024.</p>
<p>With the issuance of the Approved List of Models and Manufacturers (ALMM) List II for cells, Sanjay sees a short-term supply crunch.</p>
<p>She said developers and manufacturers agree there will be a short-term supply shortage of modules manufactured using cells from ALMM-List II.</p>
<p>“Cell manufacturing plants take longer to come online compared to modules. Many existing cell manufacturing plants may not even be operating at their full production capacity, and the government should account for that when estimating the country’s cell manufacturing capacity.”</p>
<p>Sanjay said developers feel that the government should extend some leeway on a case-by-case basis.</p>
<p><strong><em>Mercom&#8217;s Q2 2025 India Solar Market Update report is 94 pages long and covers all facets of India&#8217;s solar market. For the complete report, visit: </em></strong> <a href="https://www.mercomindia.com/product/q2-2025-india-solar-market-update" target="_blank" rel="noopener">https://www.mercomindia.com/product/q2-2025-india-solar-market-update</a></p>


Solar Installations in India Jumped 31% YoY in 1H 2025


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					</table><p>Wind solutions provider <a href="https://www.suzlon.com/" target="_blank" rel="noopener">Suzlon Energy</a>’s net profit jumped year-over-year (YoY)  97.05% to ₹2.01 billion (~$23.90 million) in the second quarter (Q2) of the financial year (FY) 2024-25 from ₹1.02 billion (~$12.13 million).</p>
<p>The company’s revenue rose 48.42% to ₹21.21 billion (~$252.26 million) in Q2 from ₹14.29 billion (~$169.96 million) in the same period last year.</p>
<p>Suzlon’s Earnings before interest, taxes, depreciation, and amortization (EBITDA) also rose 30.66% to ₹2.94 billion (~$34.96 million) from ₹2.25 billion (~$26.76 million).</p>
<p>The company’s order book stands at 5.1 GW. The commercial and industrial and captive and retail sectors accounted for 2.7 GW, central and state projects accounted for 1.2 GW , and public sector undertakings 1.2 GW.</p>
<p>Suzlon has a 20.9 GW global installed wind energy capacity. The company has an installed base of 15 GW in India and more than 9,900 turbines installed.</p>
<p><strong>1H results</strong></p>
<p>In the first half (1H) of FY25, the company’s revenue increased 49.31% YoY to ₹41.66 billion (~$495.49 million) from ₹27.9 billion (~$331.83 million).</p>
<p>The company’s net profit also soared 147.78% YoY to ₹5.03 billion (~$59.82 million) from ₹2.03 billion (~$24.14 million).</p>
<p><img loading="lazy" decoding="async" class=" wp-image-72130 aligncenter" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/suzlon-chart-300x158.png" alt="" width="772" height="407" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/suzlon-chart-300x158.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/suzlon-chart-768x405.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/suzlon-chart-650x342.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/suzlon-chart-624x329.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/suzlon-chart-600x316.png 600w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/suzlon-chart.png 1116w" sizes="(max-width: 772px) 100vw, 772px" /></p>
<p>Suzlon  <a href="https://mercomindia.com/suzlon-wind-turbine-order-ntpc-green" target="_blank" rel="noopener">signed</a> a 1,166 MW  wind energy order from NTPC Green Energy to install a total of 370 wind turbine generators of S144 equipped with a Hybrid Lattice Tubular tower and a rated capacity of 3.15 MW each.</p>
<p>The company also executed definitive agreements to acquire a 76% stake in Renom Energy Services in two tranches from the Sanjay Ghodawat Group.</p>
<p>It <a href="https://www.mercomindia.com/suzlon-secures-turbine-order-from-jindal-renewables" target="_blank" rel="noopener">received</a> a 400 MW wind order from JSP Green Wind 1, a special-purpose vehicle of Jindal Renewables.</p>
<p>In Q1 FY25, Suzlon Energy <a href="https://mercomindia.com/suzlons-q1-2025-net-profit" target="_blank" rel="noopener">recorded</a> net revenue of ₹20.16 billion (~$241.02 million), a 50% YoY increase from ₹13.48 billion (~$161.16 million).</p>
<p>In Q4 FY24, the company’s total income <a href="https://www.mercomindia.com/suzlon-energys-q4-income-rises-as-order-book-swells" target="_blank" rel="noopener">reached</a> ₹21.79 billion (~$262 million), a 29.85% YoY increase from ₹17 billion (~$204.6 million).</p>


Suzlon Energy’s Net Profit Rises 97% YoY in Q2 FY2025


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					</table><p>Spain-based renewable energy company EDP Renewables (<a href="https://www.edpr.com/" target="_blank" rel="noopener">EDPR</a>) reported a net profit of €265 million (~$270 million) in the first half (1H) of 2022, an 87% year-over-year growth.</p>
<p>EDPR&#8217;s revenues reached €1,237 million, a 45% YoY growth, or an increase of €381 million (~$389 million) from the previous year.</p>
<p>The company recorded earnings before interest, taxes, depreciation, and amortization (EBITDA) of €976 million (~$996 million), a 49% YoY growth.</p>
<p>This performance, supported by the 16% increase in generation compared to last year, was driven by additional installed capacity and stronger renewable resources.</p>
<p>EDPR has 1.8 GW of wind and 1.3 GW of solar capacity under construction as of June 22.</p>
<p>Installed capacity increased to 13.8, with Europe and North America representing 40% and 51% of the portfolio, respectively. EDPR&#8217;s portfolio comprises 12.2 GW of wind onshore and 1.3 GW of solar.</p>
<p>EDPR generated 17.8 TWh of clean energy in the 1H 2022, an increase of 16% YoY, avoiding 11 million tons of CO2 emissions, with Europe and North America representing 36% and 57% of total generation output, respectively.</p>
<p>In Europe, generation increased 10% compared to last year, impacted by higher installed capacity and a stable renewable resource.</p>
<p>In North America, the output is up 12% interannually, reflecting better renewable resources in the U.S. and Canada. In South America, production increased 111% compared to the previous year, driven by higher installed capacity in Brazil, partially offset by lower renewable resources.</p>
<p>In June, EDPR <a href="https://mercomindia.com/edp-renewables-invest-1-58-billion-develop-offshore-wind/" target="_blank" rel="noopener">announced</a> that it would invest €1.5 billion (~$1.58 billion) in Ocean Winds through a 50:50 joint venture with global energy company Engie. The investment is part of the company&#8217;s strategic partnership announced in 2021 to accelerate energy transition through offshore wind.</p>
<p>Earlier this year, EDPR said it would <a href="https://mercomindia.com/daily-news-wrap-up-nhpc-hdfc-securitization-deal/" target="_blank" rel="noopener">acquire</a> a 91% stake in Sunseap and announced the closure of its S$1.1 billion (~$795 million) deal with the solar energy system developer. The company is mulling an investment of S$10 billion (~$7.2 billion) in 2030 to create an industry-leading clean energy hub for the Asia-Pacific region, with a portfolio including nearly 10 GW of clean projects.</p>


EDP Renewables Net Profit Rises by 87% YoY to $270 Million

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