Mercom Research Focus
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Solar Tenders and Auctions Decline in Q1 2026 Amid Focus on Project Execution

In Q1 2026, government agencies issued nearly 6 GW of solar tenders, a 68% decrease from 17 GW in Q1 2025 but almost double the capacity issued in Q4 2025. Although individual agency targets for FY 2025-26 have not yet been specif...

May 12, 2026

Mercom Research Focus

Global Corporate Funding for Solar Surges 131% YoY to $11.1 Billion in Q1 2026

Corporate funding in the solar sector rose to $11.1 billion across 53 deals in the first quarter of 2026, marking a 131% year-over-year increase from the $4.8 billion raised across 39 deals in Q1 2025, according to Mercom Capital ...

May 8, 2026

Energy Storage

Damodar Valley Corporation Names Winner of 500 MWh Energy Storage Auction

Damodar Valley Corporation (DVC) has announced the winner of the auction to set up a 250 MW/500 MWh battery energy storage system (BESS) project in Maithon, Jharkhand. Pace Digitek won the project valued at ₹7.02 billion (~$74.33 ...

May 8, 2026

Grid

Supreme Court Rules Railways Must Pay Open Access Surcharges

The Supreme Court has ruled that Indian Railways cannot claim the status of a deemed distribution licensee (DDL) under the Electricity Act, holding that its electricity infrastructure is intended solely for its own operational req...

May 11, 2026

Latest News

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Bluefield Solar Secures $163 Million Debt for Solar Projects

Bluefield Solar (BSIF), the London-listed U.K. income fund focused primarily on acquiring and managing solar energy assets, has reached financial close on a debt raise of up to £120 million (~$163 million) term loan commitments to fund the...

May 12, 2026

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MARS Energy Acquires Two California Roofing and Solar Service Providers

MARS Energy Group has acquired California-based Solar Savings Direct, doing business as Solar and Roof Direct, and Sequoia Roofing & Construction. The company did not disclose the transaction value or the financial terms of the acquisitions....

May 12, 2026

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GRID India Drafts Rules to Assess Transmission Connectivity Utilization

The Grid Controller of India (GRID India) has issued draft procedures to assess the utilization of transmission connectivity granted to entities. Stakeholders can submit their feedback by June 7, 2026. GRID India issued the draft ‘Procedure for...

May 11, 2026

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Southern Railway Floats Tender for 29 MW Solar Projects in Tamil Nadu

Southern Railway has issued a tender for setting up three solar projects with a total capacity of 29 MW in Tamil Nadu. The project will be implemented at Bulb Line in the MAS Division with an 8 MW capacity, at Nallampalayam in the SA Division with a...

May 11, 2026

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JSW Energy’s Q4 Revenue Up 39% as Renewable Capacity Rises

Independent power producer JSW Energy posted revenue of ₹48.51 billion (~$513.49 million) in the fourth quarter (Q4) of the financial year (FY) 2026, an increase of 38.7% year-over-year (YoY) from ₹34.97 billion (~$370.17 million). Revenue growth...

May 11, 2026

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Amrut Energy Merges with Mascot Dynamics to Scale Solar Pumps

Ahmedabad-based Amrut Energy, a solar water pump manufacturer and renewable energy solutions provider, has announced its merger with Mascot Dynamics, a diversified engineering group operating in India’s oil and gas, chemical, and water...

May 11, 2026

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RECPDCL Floats Empanelment Tender for Carbon Credit Verification Agencies

REC Power Development & Consultancy (RECPDCL) has invited expressions of interest (EoI) to empanel agencies to support verification and validation work under the Indian Carbon Market. The last date to submit the bids is May 22, 2026. Bids will...

May 11, 2026

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NTPC Invites Bids for Modules for 1.2 GW Solar Projects in Gujarat

NTPC Renewable Energy (NTPC REL) has invited bids for the supply of solar modules for 1.2 GW of solar power projects at the Khavda Renewable Energy Park-South Block in the Rann of Kutch, Gujarat. The scope of work includes manufacturing, supply,...

May 11, 2026

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Ecofy Secures $15 Million from Mirova to Support Rooftop Solar Financing

Ecofy, a non-banking financial company backed by Eversource Capital, British International Investment, FMO, and Finnfund, has raised $15 million in debt financing from Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable...

May 11, 2026

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