Monthly RE Update – October 2026
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Summary
Tenders Issued: In total, 4,872.9 MW of RE tenders were floated across the wind, utility scale solar, rooftop solar and small hydro segments. These were accompanied by 8,870 MW of RE with storage tenders and 7,937.5 MW / 35,350 MWh of standalone ESS tenders.
- Project Development: Under the project development category, 2,050 MW of RE tenders were floated across the wind and rooftop solar segments, along with 8,700 MW of RE with storage and 7,750 MW / 34,600 MWh of ESS tenders.
- EPC: Under the EPC category, 2,822.9 MW of RE tenders were floated across the utility scale solar, rooftop solar and small hydro segments, along with a 187.5 MW / 750 MWh standalone BESS tender and RE with storage tenders of 170 MW with 70 MW / 280 MWh of storage.
Auction Completed
In October 2026, a total of 2,550 MW projects were awarded under the project development category. Under the Standalone BESS category, UPCL’s 100 MW/250 MWh tender was awarded for 41 MW/102.5 MWh to JEM Energy (Jupiter Wagons), in partnership with Madhav Infra Projects Ltd., at a contract value of INR 100 crore. Under the RE with storage category, RSDCL’s 2,450 MW Solar with 1,600 MW/6,400 MWh ESS tender in Rajasthan was awarded to 4 players with tariffs ranging from INR 3.42/kWh to INR 3.54/kWh.
Installed Capacity
India added around 35.2 GW of solar and 4.0 GW of wind capacity during January-September 2026. In September 2026, about 3011 MW of solar and 680.75 MW of wind capacity were added in the country, taking the cumulative RE capacity to 299 GW.
State wise Utility scale solar and Wind installed capacity in Sep 2026
In September 2026, Gujarat, Rajasthan and Karnataka were the top three states for utility-scale solar installations, contributing 2053.98 MW, which accounted for 93% of the total 2197.92 MW utility-scale solar capacity added.
Gujarat installed the highest rooftop solar capacity with 378.4 MW, followed by Uttar Pradesh (159.1 MW) and Andhra Pradesh (23 MW). Gujarat, Rajasthan, and Andhra Pradesh were the top three states for wind installations, adding a combined 568.05 MW and accounting for 83% of the total 680.75 MW capacity added.
PM SURYA GHAR Yojana Residential Rooftop installed capacity
As of October 2026, the PM Surya Ghar Yojana has achieved an installed residential rooftop capacity of 19,189 MW, covering 65,26,461 households. India’s residential rooftop solar installations increased by approximately 18.4% MoM, from 1375 MW in September 2026 to 1628 MW in October 2026. In October 2026, Uttar Pradesh led residential rooftop solar installations with 259.41 MW capacity, followed by Maharashtra (236.66 MW) and Gujarat (215.59 MW).
Monthly RE Generation
In October 2026, renewable energy sources generated 26442.07 MUs, reflecting a decrease of about 10.09% compared to September 2026.
Monthly VRE Curtailment
In October 2026, VRE curtailment declined by 50.2% compared with September, with a total of 189.17MUs of renewable energy curtailed, compared with 378.52 MUs in September. During the month, 0.72% of renewable energy generated was curtailed, down from 1.28% in September, representing a 0.56 percentage point improvement.
Key deals/financing trends
In October 2026, a total of about US$ 367 million in investments were made in the RE sector in India, led by debt financing of US$ 293.32 million, followed by acquisition of US$ 57.01 million and equity of US$ 16.7 million.
IEX GDAM Trend
In October 2026, IEX GDAM witnessed a shift from lower traded volumes and higher prices to higher traded volumes and lower prices. IEX recorded 642.47 MUs of GDAM traded volume registering a 0.018% increase over August 2026 with traded volume increasing by 11.39 MUs.
Module price trends
On a month-on-month basis, domestic Non-DCR TOPCon and Mono PERC module prices declined by 3.57% and 3.67%, respectively, in October 2026, while DCR TOPCon module prices remained stable during the month.
Policy and regulations
In this month, 27 central and 53 state-level policies/ notifications/ regulations/ orders were issued.