Mercom Research Focus
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India’s Wind Energy Installations Up 105% YoY in Q3 2025

India added 1.4 GW of wind energy capacity in the third quarter (Q3) of 2025, a 105% year-over-year (YoY) increase from 706.5 MW in Q3 2024, according to Mercom India Research. Capacity additions, however, fell 11% compared to Q2 ...

October 28, 2025

Markets & Policy

MPERC Drops RPO Default Cases After Power Ministry’s Notification

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has withdrawn 65 suo motu petitions initiated against various obligated entities for non-compliance with renewable purchase obligation (RPO) targets. This move follows a...

October 28, 2025

Mercom Research Focus

Global Solar Sector Attracts $17.3 Billion Corporate Funding in 9M 2025, Down 22% YoY

Total corporate funding, including venture capital funding, public market, and debt financing, for the solar sector globally, stood at $17.3 billion in the first nine months (9M) of 2025, 22% lower than the $22.3 billion raised in...

October 24, 2025

Markets & Policy

Uttar Pradesh Issues New Framework for Captive Renewable Energy Projects

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has notified the Captive and Renewable Energy Generating Plants Regulations, 2024, setting a comprehensive framework for renewable and captive generation in the state fro...

October 28, 2025

Latest News

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Rise in Polysilicon Prices Drives Daqo’s Revenue Up 23% in Q3 2025

China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation has posted a revenue of $244.6 million in the third quarter (Q3) of 2025, up 23% year-over-year (YoY) from $198.5 million. It beat analysts’ revenue expectations by...

October 28, 2025

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Pahal to Set Up 2 GW Solar Cell and Aluminum Frame Facilities in Gujarat

Solar module manufacturing and engineering, procurement, and construction company Pahal Solar will set up a 2 GW solar cell and a 2 GW aluminum frame manufacturing facility in Surat, Gujarat. The company stated that the facilities’ AI-based...

October 28, 2025

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Bondada Engineering Secures Order for 2 GW Solar Project in Andhra Pradesh

Engineering, procurement, and construction company Bondada Engineering has secured a contract to develop a 2 GW solar project in Andhra Pradesh under the state’s Integrated Clean Energy Policy. The independent power producer mode project will be set...

October 28, 2025

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Waaree Secures Orders for 692 MW of Solar Modules in India and US

Solar module manufacturer Waaree Energies has secured separate orders to supply 220 MW, 210 MW, and 140 MW of solar modules from undisclosed customers engaged in owning, developing, and operating renewable power projects in India. The company’s...

October 28, 2025

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Daily News Wrap-Up: CERC Approves Tariff for SECI’s 100 MW Solar Project

The Central Electricity Regulatory Commission (CERC) approved a tariff of ₹2.5 (~$0.028)/kWh for Solar Energy Corporation of India’s (SECI) 100 MW solar project. The Commission also approved a trading margin of ₹0.07 (~$0.0008)/kWh for the 100 MW...

October 28, 2025

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Romania Launches Third CfD Auction for 290 MW of Onshore Wind Projects

Romania’s Ministry of Energy has launched the third contracts for difference (CfD) auction for 290 MW of onshore wind energy projects. Bids must be submitted by November 14, 2025. The successful bidders will be announced on December 3. The maximum...

October 28, 2025

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Spain’s Cumulative Installed Solar Capacity Crossed 40 GW in 2024

Spain’s total installed solar capacity reached 40,294 MW at the end of 2024, according to the Spanish Solar Photovoltaic Association’s (UNEF) annual report. In 2024, Spain added 7.2 GW of new solar capacity, making it the second-largest solar market...

October 28, 2025

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MENA Weekly Round-Up: Masdar, EWEC Break Ground on Solar Plus Storage Project

Masdar and Emirates Water and Electricity Company (EWEC) have broken ground on a solar-plus-storage project capable of delivering round-the-clock baseload energy. The project will integrate a 5.2 GW solar power project with a 19 GWh battery energy...

October 28, 2025

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