Government agencies issued tenders for approximately 5.4 GW of solar capacity in the second quarter (Q2) of 2026, down 5.7% from 5.7 GW in the previous quarter and 21.5% lower than 6.8 GW in the same quarter last year. The decline in standalone solar tender issuance was driven partly by evolving distribution company procurement preferences, as utilities increasingly sought renewable energy solutions aligned with their demand profiles.

The Ministry of New and Renewable Energy (MNRE) clarified the applicability of the Approved List of Models and Manufacturers (ALMM) List II for solar cells across multiple categories of solar projects.

MNRE expanded the ALMM, adding 11,964 MW of solar module capacity. The cumulative module manufacturing capacity under ALMM now stands at 215,522 MW.

The Central Electricity Regulatory Commission set aside the revocation of two interstate transmission connectivity grants aggregating 105.84 MW and directed the Central Transmission Utility of India to restore them, subject to payment of compensation for delayed commissioning.

India’s distributed solar and energy storage markets are expanding, driven by time-of-day tariffs, evolving rooftop regulations, backup power requirements, peak-shaving applications, and falling lithium-ion battery prices.

Power Finance Corporation announced the winner of the auction to establish the inter-state transmission system for integrating the Ananthapuram-III PS Renewable Energy Zone Phase-I (3 GW).

India supported rooftop solar installations for over 5 million households under the PM Surya Ghar: Muft Bijli Yojana since its launch in February 2024, the MNRE announced. The Surya Ghar program has commissioned a cumulative 14.8 GW of rooftop solar capacity so far.

Solar Energy Corporation of India invited bids to select a collaboration partner to trade renewable power available from its existing and upcoming portfolio. The last day to submit bids is September 7, 2026. Bids will be opened on September 10.

NTPC issued a tender for two years of comprehensive operation and maintenance for the 25 MW floating solar project at NTPC Simhadri in Andhra Pradesh. Bids must be submitted by August 24, 2026. Bids will be opened on the same day.

The Indian Energy Exchange traded 13,527 million units of electricity in July 2026, a 7.7% year-over-year (YoY) increase. According to government data, India’s energy consumption reached 170.70 billion units in July 2026, up 10.9% YoY. Higher power demand led to a 42.5% YoY increase in buy bids in the Day-Ahead Market, resulting in higher electricity prices.

Gujarat-based Torrent Power posted revenue of ₹81.24 billion (~$852.21 million) in Q1 of the financial year (FY) 2026-27, an increase of 3% YoY from ₹79.06 billion (~$829.34 million). Revenue growth can be attributed to improved operational performance across the company’s distribution businesses, improved performance of the renewable portfolio, driven by higher plant load factors and the contribution of projects commissioned during the previous year.

U.S.-based solar tracker firm Nextpower reported revenue of $935 million in Q1 FY 2027, an 8.2% YoY increase from $864 million. However, it missed analysts’ expectations by approximately $8.04 million.