India’s solar inverter industry faces significant challenges in increasing domestic content because of its dependence on imported power electronic components, particularly semiconductors. Industry executives say this dependence could complicate the introduction of domestic sourcing requirements under the proposed Approved List of Models and Manufacturers framework for inverters.

Uttar Pradesh’s rooftop solar market is expanding, but consumer preferences vary between urban and rural areas and across residential and commercial and industrial segments.

The Odisha Electricity Regulatory Commission (OERC) approved GRIDCO’s procurement of 470 MW of interstate transmission system (ISTS)-connected firm and dispatchable renewable energy. The Commission approved the procurement at an effective tariff of ₹4.32 (~$0.046)/kWh.

OERC also approved GRIDCO’s procurement of 750 MW of ISTS-connected hybrid renewable energy from ABC Cleantech through NTPC at a tariff of ₹3.34 (~$0.036)/kWh.

The Gujarat Electricity Regulatory Commission (GERC) adopted a tariff of ₹2.34 (~$0.025)/kWh for Gujarat Urja Vikas Nigam’s procurement of power from 1.25 GW of solar projects.

GERC declined to recognize changes in customs duties on imported solar modules as a Change in Law event for a 60 MW solar project in Gujarat.

GERC restrained Gujarat Energy Transmission Corporation from invoking or encashing a ₹60 million (~$639,352) bank guarantee furnished for Stage II connectivity at the 220 kV Kalawad substation.

Karnataka Power Corporation issued a tender to develop a ground-mounted solar project integrated with a battery energy storage system. The project comprises 1 GW of solar capacity and 2 GWh of two-hour battery storage capacity. The last date to submit bids is November 23, 2026. Bids must be opened the next day.

Terra Clean, a wholly owned subsidiary of Indian Oil Corporation, invited bids to supply transformers for solar park projects in Madhya Pradesh and Gujarat. The last date to submit bids is December 1, 2026. Bids will be opened the next day.

GUVNL invited bids to procure power from 250 MW of grid-connected wind projects under Phase XII of its wind power procurement program. The last date to submit bids is November 30, 2026. The last date to submit bids is November 30, 2026.

Integrated power utility Torrent Power reported a revenue from operations of ₹98.02 billion (~$1.04 billion) in the second quarter (Q2) of the financial year 2027, up 24.4% year-over-year (YoY) from ₹78.76 billion (~$837.60 million).

U.S.-based solar tracker company FTC Solar reported a revenue of $32.81 million in Q3 2026, up 26.1% YoY from $26.03 million.

Israel-based solar inverter manufacturer SolarEdge reported a revenue of $326.08 million in Q3 2026, declining 4.1% YoY from $340.18 million.

Germany-based solar module manufacturer Soluxtec restarted production at its German facility after a technical upgrade to its production line.