Mercom Research Focus
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51% of India’s Installed Renewable Capacity was Solar by Q3 2025

Solar power accounted for 25.1% of India’s total installed power capacity and 51% of the total installed renewable capacity as of September 2025. The solar capacity installed increased by 7.5% quarter-over-quarter (QoQ) and 37.5% ...

November 7, 2025

Markets & Policy

Government to Cancel REIA-Awarded Projects Without PPA-PSA Prospects

The government has directed renewable energy implementing agencies (REIAs) to close all legacy bids and cancel the letters of award for all renewable energy projects for which power purchase and power sale agreements (PPAS/PSAs) a...

November 10, 2025

Rooftop

APM Projects Wins MES’ 2 MW Rooftop Solar EPC Auction

APM Projects has won the Military Engineer Service’s (MES) 2.25 MW engineering, procurement, and construction (EPC) auction to set up rooftop solar systems at various buildings in Air Force stations in Haryana, Uttar Pradesh, and ...

November 10, 2025

Other

Mercom Renewables Summit Returns for its Sixth Edition in July 2026

Mercom India’s flagship Renewables Summit returns for its sixth edition on July 9–10, 2026, at the Hyatt Regency in New Delhi, reaffirming its premier position in the country’s clean energy events calendar. Each year, the Summit c...

November 11, 2025

Latest News

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Eos Energy Posts Record Revenue in Q3, But Loss Widens

U.S.-based energy storage solutions provider Eos Energy Enterprises’ revenue reported a record revenue of $30.51 million in the third quarter (Q3) of 2025, a 3,500% year-over-year (YoY) increase from $854,000. The revenue reported in the quarter was...

November 12, 2025

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Funding and M&A Roundup: Quino Energy Raises $10 Million

From: Mercom Capital Group Quino Energy, a company developing water-based organic flow batteries, raised $10 million in Series A funding from Atri Energy Transition, a company focused on the deployment of Long Duration Energy Storage. The funding...

November 12, 2025

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Project Finance Brief: BOOM Power Sells 110 MW of Two Solar Projects

From: Mercom Capital Group BOOM Power, a solar and battery storage project developer, has completed the sale of two solar projects totaling 110 MW in the U.K. to Enray Power, a solar and storage project developer. The sale includes Firsfield Solar,...

November 12, 2025

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NTPC Green Energy Issues Debentures Worth ₹15 Billion

NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC, has issued unsecured non-convertible debentures of ₹15 billion (~$169.47 million) through private placement at a coupon of 7.01% per annum for a 10-year and one-day tenor, maturing on...

November 11, 2025

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Vikran Engineering Bags EPC Contract for 505 MW Solar Project in Maharashtra

Maharashtra-based Vikran Engineering has received a letter of award (LoA) worth ₹16.4 billion (~$185.32 million) from Carbonminus Maharashtra One for the engineering, procurement and construction (EPC) of 505 MW ground-mounted solar projects in...

November 11, 2025

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KEL Invites Bids for 137 MW Solar Projects in Andhra Pradesh

Kerala Electrical and Allied Engineering Company (KEL) has issued a tender to set up 137 MW of rooftop or ground-mounted, grid-connected solar projects at government buildings across Andhra Pradesh. The solar systems will range from 1 kW to 5 MW....

November 11, 2025

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Uttarakhand Commission Orders Termination of PPAs of Laggard Solar Projects

The Uttarakhand Electricity Regulatory Commission (UERC) has directed the Uttarakhand Power Corporation (UPCL) to initiate termination of power purchase agreements for 12 solar power projects that have not made any progress or statutory clearances...

November 11, 2025

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JSW Commissions 3,800 TPA Green Hydrogen Facility in Karnataka

Independent power producer JSW Energy has commissioned a green hydrogen production plant at the JSW Steel facility in Karnataka’s Vijayanagar. The plant will supply 3,800 tons per annum (TPA) of green hydrogen and 30,000 TPA of green oxygen to JSW...

November 11, 2025

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Adani Group Enters BESS Segment with 1,126 MW/3,530 MWh Project at Khavda

The Adani Group has announced its entry into the battery energy storage system (BESS) sector with a 1,126 MW/3,530 MWh project at the Khavda Renewable Energy Park in Gujarat. The project, which is in the advanced stage of deployment, is expected to...

November 11, 2025

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Australia to Supply Three Hours of Free Solar Power Midday from July 2026

Australia’s government is introducing a new regulated electricity offer called Solar Sharer, mandating solar electricity retailers to offer free electricity to households for a minimum of three hours in the middle of the day during peak generation....

November 11, 2025

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