Power

India's Pradhan Mantri Surya Ghar Yojana (PMSGY) has achieved a significant milestone by installing 4.9 gigawatts (GW) of residential rooftop solar capacity as of July 2025. Despite this progress, the scheme has met only 13% of its ambitious target of 10 million installations, raising concerns about the pace of adoption and the efficient utilization of allocated subsidies. The government aims to provide free electricity to 10 million households by FY2027, but challenges such as financing gaps, technical issues, and weak awareness persist.

Punjab Power Corporation has reported losses amounting to Rs 103 crore due to extensive damage caused by recent floods, highlighting the vulnerability of infrastructure to extreme weather events. The losses encompass damage to power distribution networks, substations, and associated equipment, disrupting electricity supply across several districts. Officials have initiated restoration and repair work, prioritizing critical services and grid stability.

Arunachal Pradesh has officially approved the Namchik-Namphuk coal mining project, signaling a significant development in India’s northeastern energy landscape. The initiative aims to tap substantial coal reserves while supporting regional economic growth and employment. Environmental safeguards and regulatory compliance will be critical as the project progresses, balancing resource extraction with ecological considerations. Analysts highlight that the approval aligns with India’s broader energy diversification strategy, addressing both domestic fuel requirements and industrial demand.

Gautam Solar, one of India’s leading renewable energy companies, has announced a Rs. 4,000 crore investment to set up a state-of-the-art solar manufacturing facility in Madhya Pradesh. The project, which underscores India’s push toward clean energy self-reliance, will significantly enhance domestic capacity in solar module and component production.

Adani Power has announced plans to construct a large-scale hydropower project in Bhutan, marking a significant step in India’s efforts to deepen energy cooperation with its Himalayan neighbor. The venture is expected to add substantial clean energy capacity to Bhutan’s power sector while reinforcing cross-border electricity trade with India. Analysts believe this development underscores both Adani’s long-term renewable energy strategy and New Delhi’s broader push to strengthen regional energy security.

GH2 Solar has announced its foray into electrolyser manufacturing, marking a pivotal step in its ambition to play a central role in India’s green hydrogen ecosystem. By integrating electrolyser production into its portfolio, the company aims to address supply chain bottlenecks and support the country’s efforts to achieve energy security and decarbonization targets.

Torrent Power has received a Letter of Award (LoA) for a significant ₹22,000 crore project to establish a 1,600 MW thermal power plant in Madhya Pradesh. This strategic investment underscores the company’s expansion into large-scale energy infrastructure and its commitment to meeting rising electricity demand in central India. The project is expected to enhance regional power supply, create substantial employment opportunities, and strengthen Torrent Power’s presence in the thermal generation sector.

Adani Power has announced plans to set up a 2,400 MW thermal power project in Bihar, marking one of the largest private sector investments in the state’s energy sector. The project, expected to significantly strengthen Bihar’s electricity supply, will address rising demand for power while supporting the state’s industrial and economic expansion. With India’s growing energy needs and Bihar’s push for infrastructure-led development, the venture is seen as a strategic step that aligns with both regional priorities and the national agenda for energy security.

Coal India Limited (CIL), the nation’s preeminent state-owned coal producer, has appointed Asheesh Kumar as its new Director, marking a strategic leadership change aimed at bolstering operational efficiency and sustainability initiatives. Kumar, a seasoned professional with extensive experience in energy and mining sectors, is expected to steer the company through evolving market dynamics, technological modernization, and regulatory challenges.

Vikram Solar, one of India’s leading solar energy solutions providers, witnessed overwhelming investor demand for its initial public offering (IPO), which closed with a subscription of 54.63 times. The robust response came across all investor categories, underscoring optimism about India’s renewable energy growth story and Vikram Solar’s role in the sector. Analysts attribute the extraordinary interest to the company’s strong order book, expanding global footprint, and favorable policy environment supporting green energy.