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Storage Becomes Critical to Solar Economics After Maharashtra Banking Changes

Maharashtra’s revised renewable energy and multi-year tariff framework ties solar consumption directly to the time of generation. The order defines solar hours as 09:00 to 17:00, an eight-hour window that captures the majority of ...

April 30, 2026

Mercom Research Focus

Solar Share in India’s Renewable Energy Capacity Rises to 55% in Q1 2026

Solar power accounted for 28.4% of total installed power capacity and 55% of total installed renewable energy capacity as of March 2026, up from 26.5% and 52.7%, respectively, in the previous quarter. Solar project installations h...

April 30, 2026

Mercom Research Focus

Why India’s Solar Cell Production Lags Behind Module Manufacturing

India’s solar manufacturing sector is expanding unevenly, with module production scaling rapidly while cell manufacturing continues to lag. Despite policy support and strong domestic demand, the gap highlights underlying technolog...

April 29, 2026

C&I

Hybrid Systems, Storage Drive Next Phase of India’s Solar Growth

India’s solar industry is entering a new phase of growth, marked by a rapid shift toward hybrid energy systems, battery storage, and high-efficiency module technologies, driven by rising renewable penetration, grid stability chall...

April 29, 2026

Latest News

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Strong Solar Module Sales Drive Waaree Energies’ Revenue for Q4 FY 2026 Up 112%

Solar module manufacturer Waaree Energies’ revenue from operations for the fourth quarter (Q4) of the financial year (FY) 2026 rose 111.8% year-over-year (YoY) to ₹84.80 billion (~$894.34 million) from ₹40.04 billion (~$422.28 million). The company...

April 30, 2026

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Daily News Wrap-Up: Solar Cell Production Lags Behind Module Manufacturing

India’s solar manufacturing sector is expanding unevenly, with module production scaling rapidly while cell manufacturing continues to lag. Despite policy support and strong domestic demand, the gap highlights underlying technology and market...

April 30, 2026

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Non-Banking Financial Companies Offer Custom Loans for Clean Energy Adoption

As commercial and industrial (C&I) consumers, particularly micro, small, and medium enterprises, seek to transition to sustainable energy solutions, the upfront capital required to set up projects is often a key barrier. However, banks and...

April 30, 2026

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Clean Energy Meets All Power Demand Growth Globally in 2025 as Solar Surges

Clean energy sources met all global electricity demand growth in 2025, marking a structural turning point for the power sector and halting the long-standing expansion of fossil fuel generation, according to a report by Ember. Global electricity...

April 30, 2026

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Berlin-Based Smart Meter Startup VREY Raises $4 Million in Seed Funding

Germany-based VREY, a solar software and smart metering solutions provider, has raised €3.3 million ($3.8 million) in a seed funding round to scale its operations and technology. The round was led by Rubio Impact Ventures, with participation from...

April 29, 2026

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Inox Clean Energy to Acquire Ningbo Boway’s US Solar Unit

Inox Solar Americas, a renewable energy platform of Inox Clean Energy, is set to acquire 100% equity in Boviet Solar Technology (North Carolina), the U.S.-based solar module manufacturing subsidiary of Ningbo Boway Alloy Material. The transaction is...

April 29, 2026

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Matrix Renewables Secures $332 Million Non-Recourse Project Financing

Matrix Renewables, a renewable energy developer and independent power producer focused on solar and battery energy storage systems, has secured £245 million (~$332 million) in non-recourse financing. The funding package was structured as an...

April 29, 2026

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Bondada Engineering Secures BoS Orders for 75 MW Solar Project in Gujarat

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW solar project in Gujarat. The contracts have been awarded by Adani Green Energy,...

April 29, 2026

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