Mercom Research Focus
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Energy Banking Rules are Reshaping Economics of Renewable Open Access

Changes to banking regulations, settlement mechanisms, and open access charges across states are altering the economics of renewable power procurement for commercial and industrial (C&I) consumers, according to developers oper...

September 2, 2026

Featured

Solar Encapsulant Demand Rises as Glass-Glass Modules Squeeze Backsheets

The demand for solar encapsulants is rising alongside the temporary surge in module demand, following the extension of the Approved List of Models and Manufacturers (ALMM-II) mandate for solar cells. However, demand for backsheets...

September 1, 2026

Mercom Research Focus

Karnataka’s Large-Scale Solar Pipeline Nears 11 GW

Karnataka’s large-scale solar market is set for another phase of capacity expansion, with nearly 11 GW of projects under development and in the pre-construction stage. The pipeline adds to more than 15 GW of operational large-scal...

September 1, 2026

Mercom Research Focus

Gujarat Energy Banking Reform Reduces Near-Term Costs for Open Access

The Gujarat Electricity Regulatory Commission’s (GERC) decision to reduce banking charges to ₹1 (~$0.01)/kWh from ₹1.5 (~$0.015)/kWh after a 2.5-year interval has provided much-needed relief to open access consumers and improved p...

August 31, 2026

Latest News

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Funding and M&A Roundup: Voya Energy Raises $35 Million

From: Mercom Capital Group Voya Energy, a company that develops aluminum-based metal-fuel energy systems, has raised $35 million in a Series A funding round to support the commercial deployment of its energy system. Energy Impact Partners led the...

September 2, 2026

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Project Finance Brief: Avantus Secures $300 Million Tax Equity Funding

From: Mercom Capital Group Avantus, a U.S. developer, owner, and operator of utility-scale solar and energy storage projects, has closed a $300 million tax equity commitment from Truist Bank for the Aratina 2 solar and battery storage project in...

September 2, 2026

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Surat Municipal Corporation Invites Bids to Set Up 4.2 MW Wind Project

Surat Municipal Corporation (SMC) has issued a tender to set up a 4.2 MW wind project in Gujarat. Bids must be submitted by September 9, 2026. Bidders must furnish an earnest money deposit of ₹3.88 million (~$40,846) and a document fee of ₹21,240...

September 2, 2026

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MENA Weekly Round-Up: UAE Renewable Energy Capacity Hits 8.2 GW in Decade

The United Arab Emirates’ (UAE) renewable energy capacity increased more than 63-fold over the past decade, rising from 129 MW in 2015 to over 8.2 GW in 2025. Clean energy accounted for 32.4% of the country’s electricity generation in 2025, with the...

September 1, 2026

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Pune Engineering Firm Eyes Savings on Power Costs with Rooftop Solar

Manufacturing facilities, with their daytime electricity demand and available rooftop space, are increasingly turning to solar systems to cut their electricity costs. Material handling equipment manufacturer Technovision Engineers has installed a...

September 1, 2026

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Waaree Transpower to Invest ₹1.92 Billion in Transformer Facility

Waaree Transpower, a manufacturer of power and distribution transformers and a subsidiary of Waaree Energies, will invest ₹1.92 billion (~$20.15 million) in a 500 MVA, 400 kV transformer manufacturing facility. Waaree Transpower manufactures power...

September 1, 2026

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Copenhagen Infrastructure Partners Acquires Wind, Storage Project in Australia

Copenhagen Infrastructure Partners (CIP), through its flagship fund Copenhagen Infrastructure V (CI V), has acquired the Gawara Baya hybrid wind and battery storage project in North Queensland, Australia, from renewable energy developer and operator...

September 1, 2026

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MNRE Extends Subsidy Claim Deadline for Legacy Rooftop Solar Applications

The Ministry of New and Renewable Energy (MNRE) has extended the deadline for claiming central financial assistance (CFA) for certain residential rooftop solar applications submitted under Phase II of the Grid Connected Rooftop Solar Program....

September 1, 2026

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Global Solar O&M Market Reaches 348 GW as Top Providers Consolidate

The global solar project operations and maintenance (O&M) market reached 348 GW of assessed capacity at the end of 2025, up 61 GW year-over-year (YoY), according to a report by Wood Mackenzie. Market consolidation continued during the year, with...

September 1, 2026

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