Mercom Research Focus
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Adani, NTPC, and SJVN Top Utility-Scale Solar Developers in 2025

Adani Green Energy, NTPC Green Energy, SJVN Green Energy, Megha Engineering and Infrastructure (MEIL), and Gentari Renewables emerged as the top utility-scale solar project developers in India for 2025, according to Mercom’s India...

April 7, 2026

Mercom Research Focus

Maharashtra’s Energy Banking Reset Reshapes Solar Economics for C&I Consumers

The Maharashtra Electricity Regulatory Commission has eliminated the ability to time-shift solar generation beyond its production window by restricting energy banking to the same time-of-day (ToD) slot, fundamentally altering the ...

April 7, 2026

Markets & Policy

Over 10 GW of SECI-Awarded Renewable Capacity Yet to Find Offtakers

India’s renewable energy procurement pipeline is witnessing a growing build-up of unsold renewable capacity, with Solar Energy Corporation of India (SECI) holding nearly 10.1 GW of awarded renewable power across various programs. ...

April 8, 2026

Market & Policy

MNRE Tightens Tender Rules, Curbs Greenshoe in Renewable Energy Bids

The Ministry of New and Renewable Energy (MNRE) has reiterated that renewable energy implementing agencies (REIAs) cannot include a greenshoe option in their tenders unless they obtain prior approval from the appropriate electrici...

April 7, 2026

Latest News

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Bombay Dyeing to Save 40% on Power Costs with 2.5 MW Rooftop Solar System

Textile firm Bombay Dyeing and Manufacturing Company has commissioned a 2.5 MW rooftop solar project at its Rasayani facility in Maharashtra, aiming to reduce energy costs, enhance reliability, and improve long-term sustainability of its...

April 8, 2026

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Wonder Cement to Procure 30 MW from Sunsure’s Solar Projects

Rajasthan-based Wonder Cement will procure 30 MW of solar power from Sunsure Energy’s 150 MW project in Solapur, Maharashtra, and 49 MW project in Augasi, Uttar Pradesh. The two companies signed power purchase agreements for the supply of power to...

April 8, 2026

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POWERGRID Floats Tenders to Evacuate 6 GW of Solar Power from Rajasthan

Power Grid Corporation of India (POWERGRID) has floated two tenders for setting up ±800 kV high-voltage direct current (HVDC) transmission line packages to evacuate 6 GW of solar power from the Rajasthan Renewable Energy Zone Phase-IV. The last day...

April 8, 2026

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IRFC Disburses ₹10 Billion Loan to Maharashtra Power Generation Company

The Indian Railway Finance Corporation (IRFC), the dedicated funding arm of the Indian Railways, has disbursed a ₹10 billion (~$108.05 million) term loan to Maharashtra State Power Generation Company (MAHAGENCO). MAHAGENCO will use the funding to...

April 8, 2026

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WorkOnGrid Raises ₹225 Million to Scale Data Intelligence for Power Utilities

WorkOnGrid, an AI-native operations intelligence platform for power, water and gas utilities, has raised ₹225 million (~$2.43 million) in a funding round led by Transition VC. The funding round also saw participation from the Indian Angel Network....

April 8, 2026

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Karnataka Proposes New Rules for Transmission Licenses Under Competitive Bidding

The Karnataka Electricity Regulatory Commission (KERC) has issued draft regulations to govern the grant of transmission licenses for intrastate projects awarded through competitive bidding, laying down a detailed framework covering licensing...

April 8, 2026

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Government Permits Use of Insurance Surety Bonds in Power Project Bids

The Ministry of Finance has permitted the use of insurance surety bonds as an alternative to bank guarantees for both bid and performance security under the standard bidding guidelines for power projects. These projects include solar, wind, hybrid,...

April 8, 2026

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Funding and M&A Roundup: EnerVenue Secures $300 Million in Series B Funding

From: Mercom Capital Group EnerVenue Holdings, a company that develops metal-hydrogen batteries, announced the closing of a $300 million extension of its Series B preferred stock financing round. The funding will help accelerate the company’s...

April 8, 2026

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Daily News Wrap-Up: Top Utility-Scale Solar Developers in 2025

Adani Green Energy, NTPC Green Energy, SJVN Green Energy, Megha Engineering and Infrastructure, and Gentari Renewables emerged as the top utility-scale solar project developers in India for 2025, according to Mercom’s India Solar Market Leaderboard...

April 8, 2026

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