China’s recent decision to cancel value-added tax (VAT) rebates on exports of solar and related products from April 1, 2026, is likely to increase project costs for India’s solar and battery energy storage system (BESS) developers. The export VAT rebate rate for battery products will be reduced from 9% to 6% from April 1 to December 31, 2026, China’s Ministry of Finance and State Taxation Administration announced in January.

The Appellate Tribunal for Electricity dismissed an appeal filed by the Indian Energy Exchange against the Central Electricity Regulatory Commission’s (CERC) initiation of the process for market coupling in the Day Ahead Market on the power exchanges. It held that the CERC had, on July 23, 2025, held that the directions merely initiated the process for implementing market coupling and did not, by themselves, operationalize it.

The Ministry of New and Renewable Energy issued the fifth revised list of the Approved List of Models and Manufacturers (ALMM List-II) for solar cells, adding 437 MW. The total cumulative solar cell manufacturing capacity rose to 26,477 MW with the latest addition. Fujiyama Power Systems has entered the ALMM List-II with 437 MW.

Uttarakhand Power Corporation floated tenders to set up a standalone BESS with a cumulative capacity of 100 MW/250 MWh. The last date to submit bids is March 10, 2026. Bids will be opened on March 11. The tenders were floated for three clusters. Cluster A comprises 36 MW/90 MWh in Rudrapur, Kashipur, Haldwani, and Pithoragarh; Cluster B comprises 23 MW/57.5 MWh in Dehradun (Urban) and Dehradun (Rural); and Cluster C comprises 41 MW/102.5 MWh in Tehri, Haridwar, and Roorkee.

The Punjab State Power Corporation (PSPCL) issued a tender to procure 1,000 MW of power from solar projects with capacities ranging from 1 MW to 5 MW, located anywhere in Punjab. The solar projects must be connected to PSPCL or Punjab State Transmission Corporation substations at 11 kV, preferably within a 5 km radius. The last date to submit the bids is April 1, 2026. Bids will be opened by April 6.

NTPC Green Energy (NGEL) invited bids to develop a 215 MW wind project for IndianOil NTPC Green Energy, a 50:50 joint venture between NGEL and the Indian Oil Corporation, at the Anantapur-II interstate transmission system substation in Andhra Pradesh under Tranche-III. Bids must be submitted by March 27, 2026. Bids will be opened on the same day.

Goa Energy Development Agency (GEDA) invited bids to set up 300 MW of solar projects integrated with a 150 MW/900 MWh battery energy storage system. Bids must be submitted by March 6, 2026. Bids will be opened on March 9. The project will be connected to the state transmission utility network at the nearest 220 kV STU or GEDA substation, with the delivery point defined at the 220 kV side of the 33/220 kV GEDA STU Grid Substation.

NTPC Vidyut Vyapar Nigam, a wholly owned subsidiary of NTPC, invited bids to procure 12,000 MWh/day of power from generators or energy storage providers during the upcoming high-demand period. The contract period will be from April 1, 2026, to June 30, 2026. Bids must be submitted by February 25, 2026. Bids will be opened the following day.

Ahmedabad-based renewable energy solutions provider Powertrac Group invested ₹6 billion (~$66.17 million) to set up a 1,000 MWh per annum containerized BESS manufacturing facility. The facility will manufacture lithium-iron phosphate battery pack assemblies, develop and integrate battery management systems in-house, produce 1 MWh to 5 MWh modular containerized grid-scale BESS, and work on solar plus BESS hybrid energy solutions.

Module manufacturer Cosmic PV Power commissioned an additional 1.6 GW TOPCon G12R solar module line at its Surat, Gujarat facility, bringing its total manufacturing capacity to 3 GW. The company is also planning to set up a 4 GW TOPCon G12R solar cell manufacturing facility in Madhya Pradesh. In the first phase, 1.1 GW of capacity will be commissioned by December.

Coal India has stepped up its renewable energy investments, incurring a capital expenditure of ₹9.61 billion (~$106.11 million) on solar projects in the ongoing financial year (FY) 2026 until January. The expenditure represents 132% achievement against the progressive target of ₹7.29 billion (~$804.9 million) for the first 10 months of FY26.

Wind turbine manufacturer Vayona Energy signed an agreement with independent power producer Oyster Renewable Energy to supply 64.8 MW of its 18 SG 3.6-145 wind turbines for a project in Kadapa, Andhra Pradesh. Vayona will also provide long-term operations and maintenance services for the turbines.

Norway-based silicon materials manufacturer REC Silicon reported a net loss of $17.3 million in the fourth quarter (Q4) of 2025, narrowing 94.48% year-over-year (YoY) from a net loss of $313.5 million. Revenue declined 32.32% YoY to $20.1 million from $29.7 million in the corresponding quarter last year. The company’s earnings before income, taxes, depreciation, and amortization loss narrowed 30.19% YoY to $3.7 million from $5.3 million in Q4 2024.

Germany’s Federal Agency (Bundesnetzagentur) awarded 2,341 MW of solar projects in its latest 2,328 MW auction. These projects comprise ground-mounted solar projects and solar projects built on structures that are neither buildings nor noise barriers. The auction received 634 bids totalling 5,247 MW, of which 262 qualified.