A ₹0.07 (~$0.0008)/kWh trading margin and the discovered tariff have become a bone of contention between renewable energy implementing agencies (REIAs) and buying entities. As intermediary procurers, REIAs charge a trading margin from state distribution companies and other buying entities. This trading margin is intended to cover the costs for releasing solar, wind, hybrid, energy storage, and firm dispatchable renewable energy tenders, conducting competitive bidding processes and entering into power purchase agreements and power sale agreements with purchasing entities.

Indian solar module and cell exports decreased 16% year-over-year (YoY) to $1.5 billion (~₹129.4 billion) in 2024 from $1.8 billion (~₹152 billion), according to recent data published by the Department of Commerce. Indian solar exports in 2024 were dominated by photovoltaic modules, comprising 97.7% of total shipments, while solar cells made up the remaining 2.3%. The U.S. emerged as the primary destination for the export of Indian solar cells and modules, accounting for 97.5% of the exports in 2024.

NHPC issued a request for selection to set up 1,200 MW interstate transmission system-connected solar projects with a 600 MW/ 2,400 MWh energy storage system anywhere in India. The tender has a greenshoe option of up to 1,200 MW. Bids must be submitted by April 24, 2025. Bids will open on April 29. NHPC will enter into a power purchase agreement with the selected bidders for 25 years. Bidders must use commercially established and operational technologies to minimize risk and achieve timely project commissioning. They must only use cells and modules from the Approved List of Models and Manufacturers.

In the river-locked villages of Assam, accessible only by boats, people faced a lack of primary health services for generations. To access basic healthcare, villagers would travel for hours by ferry to reach the nearest hospital, often resulting in delayed care. While reaching the remote villages by boats was possible, storing medicines and vaccines and electricity for the crew quarters, kitchen, and toilets was a problem. That’s when the Centre for North East Studies and Policy Research hit upon the idea of using solar panels. The solar panels power the OPD, laboratory, and refrigerator, as well as the living quarters, toilets, and kitchen.

ONGC approved an investment of ₹33 billion (~$384.84 million) in ONGC Green to part-fund the acquisition of a 100% stake in Ayana Renewable Power. The company will subscribe to the rights offer of equity shares issued by ONGC Green. In February 2025, ONGC NTPC Green, a joint venture between ONGC Green and NTPC Green Energy, signed a share purchase agreement to acquire a 100% equity stake in Ayana, a utility-scale renewable energy platform, for ₹195 billion (~$2.3 billion).

China-based solar cell and module manufacturer JinkoSolar’s revenue dipped 37.1% YoY to RMB20.65 billion (~$2.83 billion) in the fourth quarter (Q4) of 2024, primarily due to a decline in the average selling price of solar modules caused by an industry-wide supply-demand imbalance. Adjusted net loss for the quarter was RMB381.3 million (~$52.2 million), compared with net income of RMB462.7 million (~$63.4 million) in Q4 2023.

Non-banking financial services company Shriram Finance secured a $150 million loan from the Asian Development Bank to enhance access to finance for electric vehicles and low-emission commercial vehicles in India. The funding is part of a larger $306 million financing package, which includes an additional $150 million from the Japan International Cooperation Agency and ₹500 million (~$5.83 million) from the Export-Import Bank in India.

Solar module manufacturer Canadian Solar generated $1.52 billion in revenue in Q4 2024, reflecting an 11% YoY decline due to lower solar module average selling prices. Revenue fell short of analysts’ expectations by $45.8 million. The adjusted net loss for the quarter stood at $98.5 million, a sharp increase compared to the $1.3 million net loss recorded in the same period of 2023. Adjusted loss per share was $1.47, missing analysts’ estimates by $1.23.

Germany’s Federal Network Agency (Bundesnetzagentur) awarded a total rooftop solar capacity of 316,964 kW in 143 bids for the latest auction. The lowest awarded bid was €0.079 (~$0.085)/kWh, while the highest successful bid was €0.0969 (~$0.10)/kWh. The weighted average value was €0.0910 (~$0.098)/kWh. Bundesnetzagentur had set the maximum bid value for this auction at €0.104 (~$0.11)/kWh, down from the €0.1125 (~$0.12)/kWh set for tenders held in 2024.