India recorded its highest-ever annual solar capacity addition in the calendar year 2025, installing 36.6 GW, a 43% increase over the 25.6 GW added in 2024, according to Mercom India’s Q4 and Annual 2025 India Solar Market Update Report. This...

The Indian Energy Exchange (IEX) recorded a total electricity-traded volume of 12,550 million units (MU) in February 2026, a 30.4% year-over-year (YoY) increase, and its highest daily average volume of 448 MU. During the month, India’s electricity...

India added 7.8 GW of solar open access capacity in 2025, the highest addition recorded in any calendar year, according to the Q4 and Annual 2025 Mercom India Solar Open Access Market report. Solar open access installations remained steady in 2025,...

Power Grid Corporation of India (POWERGRID) has floated tenders inviting bids to set up three standalone battery energy storage systems (BESS) of 100 MW/200 MWh each in Punjab. One BESS will be set up in Ludhiana and two in Patiala. The last day to...

From: Mercom Capital Group Arevon Energy, a renewable energy developer, owner, and operator, secured a $183 million total debt package, including a tax equity bridge loan, a construction-to-term loan, and a letter of credit, for its 124 MWdc Big...

From: Mercom Capital Group Commercial Energy South Africa (CESA), a subsidiary of SolarAfrica Energy, a South African energy solutions provider, closed an investment of R635 million (~$39 million) from Vantage Capital, Africa’s mezzanine debt fund...

UltraTech Cement, an Aditya Birla Group company, has signed an energy supply and a share subscription and shareholders agreement to source power from AMPIN C&I Power Forty Four’s 30 MW solar project. Ultratech will invest ₹151.2 million (~$1.64...

The Bihar Electricity Regulatory Commission (BERC) has issued a suo motu order determining the generic levelized tariffs for biomass, cogeneration, gasifier, municipal solid waste (MSW), and refuse-derived fuel (RDF)-based renewable energy projects...

India’s residential rooftop solar installations under PM Surya Ghar: Muft Bijli Yojana have reached 3 million, according to a recent statement by Union Minister for New and Renewable Energy Pralhad Joshi. This milestone marks early progress toward...

Terra Clean, a wholly owned subsidiary of Indian Oil Corporation, has issued a tender for the supply of 291 transformers for interstate or intrastate-connected renewable energy projects at multiple locations. The delivery will include 18 power...