Mercom Research Focus
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Solar Tendering Surges 61% QoQ in Q3 2026, Auctions Decline 10%

Government agencies stepped up solar tendering activity in the third quarter (Q3) of 2026, reversing the previous quarter’s slowdown. Auction activity, however, declined from the prior quarter, pointing to a gap between new ...

November 3, 2026

Featured

India’s Renewable Energy Growth Faces a Deepening Land Acquisition Crisis

India’s renewable energy developers face mounting difficulties securing project-ready land, with acquisition and conversion timelines stretching up to 24 months in some states. These delays are increasing project costs and c...

November 3, 2026

Energy Storage

Cabinet Approves ₹145 Billion Viability Gap Funding for 92 GWh Energy Storage

The Union Cabinet has approved a ₹145 billion (~$1.53 billion) viability gap funding (VGF) program to support the development of 92 GWh of grid-scale energy storage capacity across India between the financial years (FY) 2027 and 2...

November 4, 2026

Mercom Research Focus

India’s Solar Power Generation Rises 48.6% YoY to 56.9 BU in Q3 2026

India generated approximately 56.9 billion units (BU) of solar power in the third quarter (Q3) of calendar year (CY) 2026, up 48.6% year-over-year (YoY) from 38.3 BU in Q3 2025, according to data from the Central Electricity Autho...

November 4, 2026

Latest News

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Government Approves ₹28 Billion Program for Lithium and Nickel Processing

The Union Cabinet has approved a ₹28.14 billion (~$297.06 million) capital expenditure (CAPEX) support program to promote domestic processing of lithium, nickel and other critical minerals. These minerals find use in sectors such as electric...

November 4, 2026

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CERC Rules 81% Wind Share Does Not Exempt Project from Hybrid DSM Regulations

The Central Electricity Regulatory Commission (CERC) has rejected a petition seeking to classify a 160 MW blended wind and solar power project in Karnataka as a wind generating station for calculating deviation settlement charges. The Commission...

November 4, 2026

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Month in a Minute: Top Headlines from the Indian Renewable Sector in October 2026

Solar continued to dominate India’s renewable energy capacity additions in the third quarter (Q3) of 2026. India’s installed solar capacity reached 174.8 GW, representing 31.1% of the country’s total power capacity and 57.7% of its renewable energy...

November 4, 2026

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Türkiye Awards 785 MW of Solar Capacity in YEKA Auction

Türkiye’s Ministry of Energy and Natural Resources has awarded 785 MW of solar capacity across 11 projects under the Yenilenebilir Enerji Kaynak Alanları (YEKA GES) 2026 solar auctions. The projects are located across Denizli, Ankara, Konya,...

November 4, 2026

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CleanMax Q2 Profit Surges 82% YoY as Renewable Portfolio Expands

Clean energy solutions provider Clean Max Enviro Energy Solutions reported revenue from operations of ₹7.28 billion (~$80.08 million) in the second quarter (Q2) of the financial year (FY) 2027, a 37% year-over-year (YoY) increase from ₹5.31 billion...

November 4, 2026

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Daily News Wrap-Up: Solar Tendering Surges 61% in Q3 2026

Government agencies stepped up solar tendering activity in the third quarter (Q3) of 2026, reversing the previous quarter’s slowdown. Tendering increased 61% quarter-over-quarter, while auction activity declined 10%. India’s renewable energy...

November 4, 2026

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Project Finance Brief: Neoen Secures $1.3 Billion Financing

From: Mercom Capital Group Neoen, an independent renewable energy producer that develops, finances, builds, and operates large-scale solar, wind, and battery storage projects, has secured A$1.8 billion (~$1.26 billion) in debt financing from 13...

November 4, 2026

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Funding and M&A Roundup: Group14 Raises $169 Million in Series D Funding

From: Mercom Capital Group Group14 Technologies, a manufacturer of silicon-anode battery technology, has closed a €150 million (~$169 million) Series D equity funding extension to support its global manufacturing expansion, including a 10 GWh...

November 4, 2026

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