Mercom Research Focus
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Solar Corporate Funding Rises 45% to $25 Billion in 9M 2026

Global solar corporate funding, including venture capital (VC), public market, and debt financing, increased 45% year-over-year (YoY) to $25.1 billion in the first nine months (9M) of 2026 from $17.3 billion in the corresponding p...

November 6, 2026

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China’s Proposed Tech Export Curbs Test India’s Solar Manufacturing Push

China’s proposed curbs on solar technology exports have once again exposed the vulnerabilities in India’s plans to ramp up domestic solar manufacturing. On October 19, China proposed revising its catalog of technologie...

November 6, 2026

Mercom Research Focus

Battery Storage, Hybrid Projects Dominate Renewable Auctions in Q3 2026

Government agencies issued tenders for 21 GW of renewable energy capacity and auctioned 12 GW across energy storage, hybrid, large-scale solar, wind, manufacturing, green hydrogen, and rooftop solar projects in the third quarter (...

November 5, 2026

Mercom Research Focus

Higher Surcharge Could Erode Savings for Telangana’s Open Access Consumers

The Telangana Electricity Regulatory Commission (TGERC) has increased the additional surcharge on eligible open access consumers from ₹0.13 (~$0.00137)/kWh to ₹0.82 (~$0.00865)/kWh, raising concerns over the cost competitiveness o...

November 5, 2026

Latest News

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Avantus Upsizes Corporate Credit Facility to $1.28 Billion

Avantus, a developer, owner, and operator of utility-scale solar and energy storage projects, has increased commitments under its corporate credit facility to $1.28 billion from $1.05 billion. Helaba, Mitsubishi UFJ Financial Group (MUFG),...

November 6, 2026

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TREX Energy Commissions Lithium Battery Manufacturing Facility in Hyderabad

Hyderabad-based energy storage solutions company TREX Energy has commissioned a lithium battery manufacturing facility at E-City in Hyderabad, Telangana. The company also plans to expand its manufacturing operations with a second facility in Madhya...

November 6, 2026

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Solar Cell Manufacturing Capacity Under ALMM-II Grows to 47 GW

The Ministry of New and Renewable Energy (MNRE) has added 2.13 GW of solar cell manufacturing capacity to the Approved List of Models and Manufacturers (ALMM) List-II, increasing the total capacity to 46.99 GW from 44.86 GW. The addition represents...

November 6, 2026

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Bihar Regulator Approves Tariff for 10 MW Canal Bank Solar Project

The Bihar Electricity Regulatory Commission (BERC) has adopted a tariff of ₹3.46 ($0.0366)/kWh for procurement of power from a 10 MW grid-connected canal bank solar power project. The Commission also approved the 25-year draft power purchase...

November 6, 2026

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ARRAY’s Q3 Revenue Falls 16% Amid Slower Deliveries, Project Delays

U.S.-based solar tracker company ARRAY Technologies posted a revenue of $330.21 million in the third quarter (Q3) of 2026, down 16.1% year over year (YoY) from $393.49 million the previous year. It exceeded analysts’ expectations by $33.31 million....

November 6, 2026

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Daily News Wrap-Up: Battery Storage, Hybrid Projects Lead Q3 Auctions

Government agencies issued tenders for 21 GW of renewable energy capacity and auctioned 12 GW in the third quarter (Q3) of 2026, according to Mercom India’s Q3 and 9M 2026 India Renewable Energy Procurement and Demand Report. Battery energy storage...

November 6, 2026

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Shoals’ Q3 Revenue Up 44%, Announces Merger with ARRAY Technologies

Shoals Technologies Group, a manufacturer of electrical infrastructure solutions for utility-scale solar, battery storage, and data center power systems, posted revenue of $195.3 million in the third quarter (Q3) of 2026, up 43.8% year over year...

November 6, 2026

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Saatvik Green’s Q2 Profit Down 76% as Solar Cell Shortage Bites

Haryana-based solar module manufacturer Saatvik Green Energy reported a revenue from operations of ₹9.03 billion (~$93.8 million) in the second quarter (Q2) of the financial year (FY) 2027, up 17.5% year-over-year (YoY) from ₹7.68 billion (~$79.8...

November 6, 2026

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