Mercom Research Focus
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Top Five States for Solar Open Access Installations in 2025

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 remain...

March 3, 2026

Mercom Research Focus

Indian Solar Manufacturers Say Domestic Demand Offsets Impact of U.S. Duties

The recent imposition of steep countervailing duties by the U.S. on Indian solar imports is not causing much concern among solar manufacturers, given lower export volumes and their focus on the domestic market. The U.S. Department...

March 3, 2026

Tenders & Auctions

KPI Green, Urdhvaga, Adyant Enersol, Lambent Win SJVN’s 600 MW Wind Auction

KPI Green Energy, Urdhvaga Renewables India Project (UPC Renewables), Adyant Enersol (Datta Infra), and Lambent Energy (Eight) have won SJVN’s auction to set up 600 MW interstate transmission system (ISTS)-connected wind projects....

March 2, 2026

Event

Mercom India’s Renewables Summit Sixth Edition Rescheduled to July 1-2, 2026

The sixth edition of Mercom India’s flagship Renewables Summit has been rescheduled to July 1-2, 2026, at the Hyatt Regency in New Delhi, from July 9-10. Each year, the Summit convenes policymakers, industry leaders, investors, an...

March 2, 2026

Latest News

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POWERGRID Floats Tenders to Set Up 300 MW/600 MWh Battery Storage Systems

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...

March 5, 2026

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Project Finance Brief: Arevon Energy Secures $183 Million for Solar Project

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...

March 5, 2026

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Funding and M&A Roundup: SolarAfrica Energy Secures $39 Million

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...

March 5, 2026

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UltraTech to Procure Solar Power from AMPIN SPV’s 30 MW Project

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...

March 5, 2026

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Bihar Announces Generic Renewable Energy Tariffs for FY 2026

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...

March 3, 2026

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Rooftop Solar Installations Under PM Surya Ghar Reach 3 Million

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...

March 3, 2026

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Terra Clean Issues Tender for 291 Transformers for Renewable Energy Projects

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...

March 3, 2026

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POWERGRID Invites Bids for 100 MW/200 MWh Battery Storage Project in Punjab

Power Grid Corporation of India (POWERGRID) has invited bids to set up a 100 MW/200 MWh battery energy storage system (BESS) at the 220 kV Bhatinda Substation in Punjab. Bids must be submitted by March 17, 2026. Bids will be opened on the same day....

March 3, 2026

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MNRE Sets Emission Thresholds for Green Ammonia and Green Methanol

The Ministry of New and Renewable Energy (MNRE) has notified standards for green ammonia and green methanol under the National Green Hydrogen Mission, establishing emission thresholds and certification frameworks for both fuels. The Union Cabinet...

March 3, 2026

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Rajasthan Electricity Regulator Issues Draft Resource Adequacy Regulations

The Rajasthan Electricity Regulatory Commission (RERC) has issued the draft Framework for Resource Adequacy Regulations, 2026, proposing a structured mechanism for resource adequacy planning to support future power security in the state....

March 3, 2026

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