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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Odyssey Energy Solutions Raises $74 Million for Renewable Energy Platform

Odyssey Energy Solutions, a platform for financing distributed renewable energy projects in emerging markets, has raised $74 million in new financing, comprising $27 million in equity and $47 million in debt. The equity round included new investors...

September 2, 2026

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Odisha Approves GRIDCO’s 600 MW Wind Power Procurement from SECI

The Odisha Electricity Regulatory Commission (OERC) has approved the power sale agreement (PSA) between GRIDCO and the Solar Energy Corporation of India (SECI) for procuring 600 MW of wind power. The power is being procured under SECI’s...

September 2, 2026

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Gujarat Transmission Utility Invites Bids for 1.4 MW Rooftop Solar Systems

The Gujarat Energy Transmission Corporation (GETCO) has invited bids to set up 1.375 MW of rooftop solar systems on the control room terraces and office rooftops of various substations in the state. The projects entail setting up rooftop systems...

September 2, 2026

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Uttarakhand Floats Tenders for 100 MW/250 MWh Battery Storage Projects

Uttarakhand Power Corporation (UPCL) has invited bids through three tenders to develop grid-interactive standalone battery energy storage systems (BESS) with a cumulative capacity of 100 MW/250 MWh at 33/11 kV substations across the state. The last...

September 2, 2026

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Daily News Wrap-Up: Solar Encapsulant Demand Rises on Module Growth

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 mandate for solar cells. Karnataka’s large-scale solar market is set for another...

September 2, 2026

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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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