Over the last five financial years, public sector banks, government-owned/controlled financial institutions, and foreign direct investments have cumulatively invested around ₹7.16 trillion (~$79.13 billion) in India’s renewable energy sector. Investments have risen from ₹660 billion (~$7.29 billion) in the financial year (FY) 2021 to ₹2.68 trillion (~$29.6 billion) in FY 2025, according to data furnished in Parliament by the Minister of State for New and Renewable Energy, Shripad Yesso Naik.

The Comptroller and Auditor General of India (CAG) pulled up government-owned Coal India (CIL) for the tardy implementation of its solar energy initiatives and recommended that it ‘fast-track’ project execution to meet its Net Zero targets. In its recently released compliance audit report, the CAG said CIL and its seven subsidiaries had achieved only 4.08% of the targeted 3 GW of solar capacity by the end of 2024.

The Central Electricity Regulatory Commission approved the adoption of the tariff discovered through competitive bidding for a 300 MW interstate transmission system connected wind power project awarded by the Solar Energy Corporation of India. The Commission held that the tariff of ₹3.97 (~$0.04388)/kWh discovered in the bidding process was in accordance with Section 63 of the Electricity Act and the Ministry of Power’s wind bidding guidelines.

Mahatma Phule Renewable Energy and Infrastructure Technology issued a tender for land development and power evacuation works for a 3 MW solar project with a 33 kW substation for the National Cancer Institute, Nagpur, Maharashtra. The solar project is spread across Maharashtra’s Kelapur and Wardha districts. Bids must be submitted by December 29, 2025. Bids will be opened on December 30, 2025. The scope of work entails the design, fabrication, galvanization, testing, and erection of poles, bay construction works, stringing, testing, and commissioning. It also involves providing operation and maintenance services for five years.

Solar and battery solutions provider T1 Energy began construction of its G2_Austin TOPCon solar cell manufacturing facility in Milam County, Texas. The facility is expected to receive $400 million to $425 million in investment. The company had finalized its site selection for the new solar cell manufacturing facility in March 2025. The solar cell facility’s first phase is projected to have an annual capacity of 2.1 GW. It is expected to begin production by the end of 2026. G2 Austin is T1’s third major investment in Texas.

ACME Solar Holdings secured a debt tie-up of ₹47.2 billion (~$519.2 million) from Indian financial institutions to fund the construction of renewable energy projects and optimize its capital structure by reducing financing costs. Out of the total amount, ₹27.1 billion (~$298.1 million) has been secured from Power Finance Corporation for ACME’s 300 MW firm and dispatchable energy project that combines renewables with four hours of battery energy storage.

The board of directors of renewable energy solutions provider KPI Green Energy approved a proposal to raise ₹4.75 billion by issuing 10.1 million fully convertible equity warrants to the promoter group entity Quyosh Energia. Quyosh Energia holds 500 shares of KPI Green Energy, and after the full conversion of warrants, its shareholding in KPI Green would rise to 4.87%. Quyosh Energia can subscribe to one equity share of face value of ₹5 (~$0.055) for each warrant at an issue price of ₹470.3 (~$5.19).

South Africa’s Department of Electricity and Energy selected four additional solar projects with a total capacity of 890 MW under the seventh bid window of the country’s Renewable Energy Independent Power Producer Procurement Program. The Corona Solar PV Project in the North West province secured a capacity of 240 MW at a value-for-money of ZAR532,000 (~$31,743.76)/MWh.

Europe’s battery energy storage system (BESS) market matured, with deployments reaching 11 GW in 2024. Installations are expected to grow 45% year-over-year to 16 GW by the end of 2025, according to new analysis from Wood Mackenzie. By 2034, Europe is expected to see 35 GW of BESS deployments. The market for BESS is likely to grow at a 9% compound annual growth rate over 10 years.