Mercom Research Focus
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Solar Corporate Funding Jumps 56% YoY to $16.9 Billion in 1H 2026

Global solar companies raised $16.9 billion in corporate funding during the first half (1H) of 2026, a 56% year-over-year (YoY) increase from $10.8 billion in the corresponding period of 2025, according to Mercom Capital Group’s 1...

July 31, 2026

Mercom Research Focus

DCR Module Shortage Derails Rooftop Solar Timelines Despite Strong Demand

Accounting for 18% of India’s total solar installations in Q1 2026, the rooftop solar segment has been a key growth driver in the country’s efforts to fast-track its clean energy transition. Spurred by ambitious government i...

July 30, 2026

Rooftop

Larger Capacity Rooftop Solar Systems Dominate PM Surya Ghar Installations

An overwhelming majority of rooftop solar systems installed under the PM Surya Ghar: Muft Bijli Yojana are above 3 kW, according to statistics furnished by the government in Parliament. Central Government subsidies for a 3-kW syst...

July 30, 2026

Floating Solar

Cabinet Clears ₹50 Billion PM Surya Sarovar Floating Solar-Storage Program

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana, a ₹50.7 billion (~$530.20 million) program to develop 5 GW of floating solar projects with co-located energy storage systems across India. The program require...

July 31, 2026

Latest News

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Bluebird Solar Bags 278 MW Module Supply Order for SJVN Projects

Bluebird Solar has secured a 278 MW solar module supply order from Bridge & Roof Company for two renewable energy projects of SJVN. The projects comprise a 133 MW solar facility in Khavda, Gujarat, and a 145 MW project in Nawa, Rajasthan. As...

August 3, 2026

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CERC Proposes ISTS Waiver Relief for Renewable Projects Facing Grid Delays

The Central Electricity Regulatory Commission (CERC) has proposed amendments to the framework for sharing interstate transmission system charges and losses, including relief for renewable energy projects delayed due to the non-availability of...

August 3, 2026

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Cochin Shipyard Invites Bids for 1 MW Rooftop Solar Project

Cochin Shipyard has invited bids to set up a 1 MW grid-connected rooftop solar power project at its Kochi facility in Kerala. The last date to submit bids is August 31, 2026. Bids will be opened on the following day. Bidders must submit an earnest...

August 3, 2026

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Skills Gap a Concern as India’s Solar Manufacturing Goes Upstream: Interview

India could face a shortage of TOPCon solar cells over the next six to nine months as domestic manufacturing capacity catches up with module capacity, according to Nimish Jain, Executive Vice President at Vikram Solar. In an interview on the...

August 3, 2026

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Bus, Stationary Growth Lift Ballard’s Top Line 15% in Q2 2026

Fuel cell manufacturer Ballard Power Systems posted revenue of $20.6 million in the second quarter (2Q) of 2026, an increase of 15.4% year-over-year (YoY) from $17.8 million. The company attributed the growth to an increase in bus, stationary, and...

August 3, 2026

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Bihar Tenders 150 MW of Solar Plus 300 MWh of Energy Storage Projects

Bihar State Power Generation Company (BSPGCL) has issued a tender to set up 150 MW of solar projects integrated with 75 MW/300 MWh of energy storage systems across the state. Bids must be submitted by August 21, 2026. Bids will be opened on the same...

August 3, 2026

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CleanMax’s Q1 Revenue Doubles as Renewable Energy Services Business Surges

Clean energy solutions provider Clean Max Enviro Energy Solutions (CleanMax) reported  revenue from operations of ₹8.32 billion (~$87.21 million) in the first quarter (Q1) of the financial year (FY) 2027, a 107% year-over-year (YoY) jump from ₹₹4.02...

August 3, 2026

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SJVN’s Q1 FY27 Revenue Jumps 52% YoY; Higher Costs Pull Profits Down

Government-owned power generation company SJVN clocked a consolidated revenue from operations of ₹13.94 billion (~$146.2 million) in the first quarter (Q1) of the financial year (FY) 2027, a 52% year-over-year (YoY) increase from ₹9.17 billion (~$96....

August 3, 2026

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Brookfield Launches $600 Million Lumara Renewable Energy Platform in India

Brookfield Asset Management has launched Lumara Energy, a renewable energy platform that plans to deploy approximately $600 million across an initial portfolio of more than 6 GW of solar, wind, and battery storage projects in India. The platform is...

August 3, 2026

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Coal India Tenders 750 MWh Battery Storage System in Telangana

Coal India has invited bids for the development of an 187.50MW/750 MWh battery energy storage system at Choutuppal, in Telangana, along with 15 years of comprehensive operation and maintenance. The scope of work includes design, engineering, supply,...

August 3, 2026

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