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Daily News Wrap-Up: India’s Solar Open Access Market Declined in Q4 2025

PSERC reduced electricity tariffs for all consumer categories for FY 2027

March 11, 2026

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India’s solar open access market witnessed a slowdown in the fourth quarter (Q4) of 2025, with regulatory changes, tariff structuring, and grid constraints affecting project development and the pace of commissioning in major markets. According to Mercom’s recently released Q4 and Annual 2025 India Solar Open Access Market Report, many leading solar open access markets saw a significant decline in installations.

The Punjab State Electricity Regulatory Commission (PSERC) reduced electricity tariffs across consumer categories for the financial year (FY) 2026-27 after determining that the distribution utility will have a surplus of ₹78.5 billion (~$850 million). The revised tariffs will be in force from April 1, 2026, to March 31, 2027.

The Andhra Pradesh Electricity Regulatory Commission (APERC) issued a draft framework for resource adequacy planning to ensure that electricity demand in the state is met reliably while maintaining an optimal mix of generation resources. The draft APERC (Framework for Resource Adequacy) Regulation, 2026, lays out a structured process for forecasting demand, planning generation capacity, strengthening transmission and distribution networks, and procuring adequate resources to meet projected electricity needs.

The Assam Electricity Regulatory Commission approved retail power tariffs for FY 2027, ranging from ₹3.35 (~$0.036)/kWh for low-tension (LT)-1 Jeevan Dhara category consumers to ₹13.03 (~$0.14)/kWh for LT-IX temporary supply – non-domestic non-agriculture consumers. The Commission largely retained the same tariffs that were approved the previous year, which ranged from ₹5.34 (~$0.058)/kWh for LT-1 Jeevan Dhara to ₹13.03 (~$0.14)/kWh for LT-IX temporary supply – non-domestic non-agriculture consumers.

India’s commercial and industrial (C&I) consumers have emerged as one of the most important drivers of renewable energy adoption in the country. As companies seek to manage rising electricity costs, improve energy security, and meet sustainability targets, the demand for clean energy solutions across the C&I segment continues to expand rapidly. Rising grid tariffs are forcing businesses to opt for rooftop and open-access options, which can help them reduce their carbon footprint and procure power at lower rates.

The Madhya Pradesh Electricity Regulatory Commission invited bids from consultants to provide support for analyzing quarterly reports on subsidy demands raised by state distribution companies for FY 2026, as well as approvals sought for deviations from bidding guidelines and tariff adoption.

The Himachal Pradesh Power Corporation floated a tender to set up a 6 MW solar project with a 2.1 MW/4.2 MWh battery energy storage system at Tihra Khas village. Bids must be submitted by April 17, 2026. Bids will be opened on the same day. The scope of work entails the design, construction, erection, testing, and commissioning of the solar and storage projects.

Mumbai-based packaging solutions company TCPL Packaging acquired a 26% stake in Clean Max Hana to source power from the company’s 3.05 MW solar project in Uttarakhand under a captive arrangement. TCPL has invested ₹10.9 million (~$118,652) to acquire the stake in Clean Max Hana. Clean Max Hana is a special-purpose vehicle of CleanMax.

Powergrid Corporation of India’s board approved raising up to ₹50 billion (~$541.45 million) through an unsecured rupee term loan or line of credit from the Union Bank of India. The loan will provide the company with additional financial resources for its operational and strategic requirements.

Gujarat-based Torrent Power raised ₹20 billion (~$216.58 million) through private placement of secured, non-convertible debentures (NCDs). The debenture issue comprises 200,000 NCDs, each with a face value of ₹100,000 (~$1,083), carrying a coupon rate of 7.97% per annum. These debentures will be listed on the wholesale debt segment of the National Stock Exchange of India.

NTPC Renewable Energy (NREL), a wholly-owned subsidiary of NTPC Green Energy, commissioned the third part of the 1.2 GW Khavda-II solar project in Gujarat. NREL is developing two large-scale solar parks. A 4.75 GW solar park is being developed at Khavda, , and a 630 MW solar park at Barethi, Madhya Pradesh.

Ahmedabad-based Sahaj Solar has approved the incorporation of a step-down subsidiary in the United Arab Emirates to implement a proposed 750 MW solar manufacturing facility with a strategic partner. The company’s board reviewed the earlier plan to establish a solar panel manufacturing facility in India.

Electrons can jump across solar materials in approximately 18 femtoseconds, less than 20 quadrillionths of a second, according to researchers from the University of Cambridge’s St John’s College. The researchers claim that this speed of movement is almost the fastest possible in nature, with charge separation observed within a single molecular vibration.

Renewables accounted for 58.6% of the electricity fed into Germany’s grid in 2025, slightly lower than 59.5% in 2024, according to preliminary data released by the Federal Statistical Office (Destatis). Germany generated 438.2 terawatt-hours (TWh) of electricity in 2025, a 1.4% year-over-year increase. Total renewable generation stood at 256.9 TWh, almost unchanged from the previous year.

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