Mercom Research Focus
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Landed Costs of Solar Open Access Projects Rise on Higher PPA Tariffs

The landed costs for third-party solar open access projects increased in 11 of 15 states for high-tension (HT) industrial consumers, primarily driven by higher power purchase agreement (PPA) tariffs, according to Mercom India&#821...

September 17, 2025

Manufacturing

MNRE Proposes ALMM for Wafers, Ingots in Solar Backward Integration Push

Accelerating its push for creating domestic manufacturing capacities across the solar value chain, the government has proposed mandating the use of India-made wafers under the Approved List of Models and Manufacturers (ALMM) start...

September 15, 2025

Biofuel

MNRE Hikes National Bioenergy Program Budget by ₹1.4 Billion

The Ministry of New and Renewable Energy (MNRE) has approved a supplementary budget of ₹1.4 billion (~$15.94 million) for the National Bioenergy Program (Phase I), to strengthen the promotion of renewable energy through waste-to-e...

September 17, 2025

Grid

Indian Grid Authorities Call for Action to Prevent Spain-Type Power Blackout

Electricity grid authorities in India have called for a series of actions to prevent an Iberian Peninsula-type blackout disrupting power supply for hours on April 28, 2025. In August, officials from the Ministry of Power, the Grid...

September 17, 2025

Latest News

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Lower Manufacturing Costs Drive Vikram Solar’s Revenue in Q1 FY 2026

Module manufacturer Vikram Solar’s revenue increased by 79.7% year-over-year (YoY) to ₹1.13 billion (~$12.86 million) in the first quarter (Q1) of the financial year (FY) 2026 from ₹630.9 million (~$7.18 million). Vikram Solar’s profit after tax...

September 18, 2025

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IREDA Approves ₹11.34 Billion Loan to Insolation Green Energy

The Indian Renewable Energy Development Agency (IREDA) has approved a loan of ₹11.34 billion (~$129 million) to Insolation Green Energy, a wholly owned subsidiary of INA Solar, to finance its 4.5 GW solar cell manufacturing facility in Madhya...

September 18, 2025

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SECI Invites Bids for Project Report Preparation of Green Hydrogen Hubs

The Solar Energy Corporation of India (SECI) has called for proposals to select an executing agency for preparing detailed project reports (DPRs) for green hydrogen hubs under Component B1 of the National Green Hydrogen Mission. Bids will be chosen...

September 18, 2025

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ACCIONA Commissions 412 MW Solar Project in Rajasthan

Spain-headquartered renewable energy company ACCIONA Energía has commissioned a 412 MW solar project in Juna, Rajasthan. The project consists of 750,000 solar modules and is the company’s largest project in India. It is expected to generate 800 GWh...

September 18, 2025

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Meyer Burger to Sell Module Machinery to Waaree Amid Bankruptcy

A court in the U.S. has approved the sale of Meyer Burger’s machinery and equipment for the production of solar modules to Waaree Solar Americas and solar cells to Babacomari Solar North for a total of approximately $29 million. The company said...

September 18, 2025

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Enfinity Global Secures ₹5 Billion Debt Financing from India Infradebt

Enfinity Global has secured ₹5.2 billion (~$59 million) in debt financing from India Infradebt for its 200 MW solar projects across India. Enfinity has a global portfolio of 36 GW of renewable energy and storage projects, including operational...

September 18, 2025

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Emmvee Photovoltaic Gets SEBI Nod for ₹30 Billion IPO  

Solar module and cell manufacturer Emmvee Photovoltaic Power has received approval from the Securities and Exchange Board of India (SEBI) to raise ₹30 billion (~$340.50 million) through an initial public offering (IPO). The company filed the draft...

September 18, 2025

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SJVN Invites Bids to Set Up 600 MW Wind Projects

SJVN has issued a request for selection to set up 600 MW interstate transmission system (ISTS)-connected wind projects anywhere in India. The power generated from these projects will be sold to the Punjab State Power Corporation or other purchasing...

September 18, 2025

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Sustainable Supply Chains Can Open New Doors for C&I Businesses

Commercial and industrial (C&I) businesses can not only cut carbon emissions and power costs but also meet the green procurement criteria increasingly mandated by international companies for their suppliers. The C&I sector has options like...

September 18, 2025

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HLL Lifecare Installs 1 MW Rooftop Solar to Cut Costs and Boost Sustainability

HLL Lifecare, a government-owned healthcare products manufacturer, has installed a 1 MW rooftop solar system at its premises in Thiruvananthapuram, Kerala, reinforcing its commitment to sustainability while reducing power costs. The project,...

September 18, 2025

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