In 2025, tender announcements for utility-scale solar projects declined to nearly 44 GW, down 45% from 2024, according to Mercom India Research. During the year, around 20 GW of projects were auctioned, a 57% decline compared to 2024. Solar tender and auction activity declined in 2025 as state distribution companies showed limited appetite for signing new long-term solar power purchase agreements amid falling daytime power prices and a backlog of awarded solar and wind capacity awaiting power sale agreements.