Mercom Research Focus
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India’s Solar Imports Rise 14% QoQ in Q1 2026, Exports Continue to Decline

India imported solar cells and modules worth over $1.27 billion (~₹116 billion) in Q1 2026, a 2.8% year-over-year (YoY) decline from $1.3 billion (~₹112.9 billion) in Q1 2025, according to data from the Department of Commerce. On ...

June 1, 2026

Mercom Research Focus

Energy Storage Firms Secure $2.3 Billion in Corporate Funding in Q1 2026

Corporate funding for energy storage companies, including venture capital (VC) investments, public market funding, and debt financing, increased 5% year-over-year (YoY) in the first quarter (Q1) of 2026, according to Mercom Capita...

May 29, 2026

Markets & Policy

PM Surya Ghar Crosses Four Million, But FY 2027 Target Remains Distant

Rooftop solar installations under the PM Surya Ghar: Muft Bijli Yojana have crossed the four million milestone, according to data from the Ministry of New and Renewable Energy (MNRE) and Mercom India Research. In social media post...

June 1, 2026

Solar

India’s Solar EPC Market Shifting Toward Digital Simulation Tools: Interview

Solar engineering, procurement, and construction (EPC) contractors are increasingly turning to design and simulation platforms to cut proposal delays, improve design accuracy, and connect field assessments with simulation, financi...

June 1, 2026

Latest News

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NTPC Green Issues EPC Tender for 3.2 GWh Battery Storage Project in Rajasthan

NTPC Green Energy (NGEL) has invited bids for engineering, procurement, and construction (EPC) of 3,200 MWh of battery storage systems at NTPC Renewable Energy’s (NTPC REL) solar project in Fatehgarh, Rajasthan. The last date to submit bids is June...

June 1, 2026

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NTPC Green Energy Invites Bids for 3.3 GWh Battery Storage Systems in Gujarat

NTPC Green Energy (NGEL) has invited bids to develop 3,300 MWh of battery energy storage systems at NTPC Renewables’ (NTPC REL) solar project in Khavda, Gujarat. The scope of work includes the design, engineering, supply, packing and forwarding,...

June 1, 2026

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Daily News Wrap-Up: Global Energy Storage Funding Reaches $2.3 Billion

Corporate funding for energy storage companies, including venture capital investments, public market funding, and debt financing, increased 5% year-over-year in the first quarter of 2026, according to Mercom Capital Group’s newly released Q1 2026...

June 1, 2026

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NTPC Green Energy Tenders 7.8 GWh Battery Storage Systems in Rajasthan

NTPC Green Energy (NGEL) has invited bids to develop 7,800 MWh of battery energy storage systems at NTPC Renewables’ (NTPC REL) solar project in Bikaner. The scope of work includes design, engineering, supply, packing, transportation, unloading,...

June 1, 2026

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MNRE Sets DCR Portal Route for ALMM List-II Extension Requests

The Ministry of New and Renewable Energy (MNRE) has directed renewable energy developers to submit requests for exemption from compliance with the Approved List of Models and Manufacturers (ALMM) List-II for solar cells only through the dedicated...

June 1, 2026

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South Australia Awards 1.3 GW of Battery Storage Projects

AusEnergy Services (ASL) has awarded six long-duration battery storage projects totaling 1,334 MW/5,336 MWh under the first Firm Energy Reliability Mechanism auction in South Australia. Neoen Australia won two projects of 200 MW/800 MWh each, and...

June 1, 2026

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Global Energy Investment Hits $3.4 Trillion as Security Concerns Reshape Spending

Global energy investment is expected to reach $3.4 trillion in 2026, a 5% increase from 2025, as spending rises on electricity systems, energy security, and domestic energy resources, according to the latest World Energy Investment 2026 report...

June 1, 2026

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