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Power Sector Reforms Help DISCOMs Post Profits in FY 2025 for First Time

India’s rated power distribution utilities reported a consolidated profit after tax (PAT) of ₹27.01 billion (~$294.7 million) in FY25, marking a sharp turnaround from a loss of ₹270.22 billion (~$2.95 billion) recorded in FY24, ac...

January 27, 2026

Mercom Research Focus

Solar Tender and Auction Activity Slumps in 2025

In 2025, tender announcements for utility-scale solar projects declined to nearly 44 GW, down 45% from 2024, according to Mercom India Research. During the year, around 20 GW of projects were auctioned, a 57% decline compared to 2...

January 23, 2026

Mercom Research Focus

Corporate Solar Funding Down 16% YoY in 2025; Deal Count Rises, M&A Robust

The total global corporate solar funding dropped by 16% year-over-year (YoY) with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024, according to Mercom Capital Group’s newly released 2025 Annual an...

January 22, 2026

C&I

What SMEs Should Know Before Applying for Solar Financing in India

Clean energy sources, including solar, can deliver long-term cost savings and improve resilience against power supply volatility. As India accelerates its renewable energy transition, financing for clean energy adoption is becomin...

January 27, 2026

Latest News

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Madhya Pradesh Invites Bids for 1.5 GWh Standalone BESS Projects

Madhya Pradesh Power Management Company (MPPMCL) has invited bids to set up 750 MW/1.5 GWh (two units of 250 MW/500 MWh and two units of 125 MW/250 MWh) of standalone battery energy storage systems (BESS) under a build, own, and operate model. The...

January 28, 2026

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Suzlon Bags 248.85 MW Wind Turbine Order from ArcelorMittal

Wind turbine manufacturer Suzlon Group has secured a 248.85 MW wind turbine generator order from Luxembourg-based steel and mining company ArcelorMittal Group through its Indian renewable energy entity, to decarbonize steel production. The order is...

January 28, 2026

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US Slaps Countervailable Duties on Select Chinese Solar Cell Companies

The U.S. Department of Commerce has imposed countervailable duties on select crystalline silicon cells, whether or not assembled into modules, imported from China during the review period between January 1, 2022, and December 31, 2022. The...

January 28, 2026

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Telangana Regulator Amends Open Access Rules to Clarify REC Eligibility

The Telangana Electricity Regulatory Commission (TGERC) has amended the Terms and Conditions of Open Access Regulation, 2024, to clarify the regulatory treatment of energy injected prior to the execution of wheeling agreements and enable renewable...

January 28, 2026

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REIL Floats Tender for 17.5 MW Rooftop Solar Projects Across India

Rajasthan Electronics and Instruments (REIL) has invited bids for the installation of grid-connected rooftop solar systems with a cumulative capacity of 17.5 MW on government buildings across different states and union territories under the...

January 28, 2026

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Battery Manufacturer Meine Electric Raises $750,000 in Pre-Seed Funding

Energy storage solutions provider, Meine Electric, has raised $750,000 (~₹67 million) in a pre-seed funding round from Antler, Rebalance, Venture Catalysts, gradCapital, and AIC-AU Incubation Foundation, as well as angel investors. This funding will...

January 28, 2026

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Juniper Green Commissions 100 MWh Merchant BESS

Independent power producer Juniper Green Energy has fully commissioned a merchant battery energy storage system (BESS) with a total capacity of 100 MWh at Bikaner in Rajasthan. The project has been developed through Juniper Green Cosmic, its wholly...

January 28, 2026

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US DOE Announces $30 Million for Energy Innovation Programs

The U.S. Department of Energy’s (DoE) Advanced Research Projects Agency-Energy (ARPA-E) has announced $30 million in funding across three programs intended to help the country’s energy consumers reduce electricity costs, develop ultra-high-density...

January 28, 2026

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Project Finance Brief: Low Carbon Closes Over $684 Million in Debt

From: Mercom Capital Group Low Carbon, a renewable energy project developer, raised more than £500 million (~$684 million) across senior and Holdco financing in partnership with ten major international banks. The facility, structured as a platform...

January 28, 2026

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Daily News Wrap-Up: DISCOMs Report Profits in FY 2025 for First Time

India’s rated power distribution companies (DISCOMs) reported a consolidated profit after tax (PAT) of ₹27.01 billion (~$294.7 million) in the financial year (FY) 2025, marking a sharp turnaround from a loss of ₹270.22 billion (~$2.95 billion)...

January 28, 2026

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