Mercom Research Focus
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Renewables Growth Yet to Shift Thermal-Centric State Procurement Strategies

Despite record-low renewable energy tariffs, several states have entered long-term thermal power purchase agreements (PPAs) at significantly higher tariffs of ₹5.38 (~$0.059)-₹7.27 (~$0.079)/kWh, reflecting concerns over supply se...

February 25, 2026

Markets & Policy

US Hits Indian Solar Cells with 126% Preliminary Countervailing Duties

The U.S. Department of Commerce has announced its preliminary determination of countervailing duties of up to 125.87% on crystalline silicon solar cells, whether or not assembled into modules, imported from India. The preliminary...

February 25, 2026

Mercom Research Focus

India Adds 7.8 GW of Solar Open Access Capacity in 2025

India added 7.8 GW of solar open access capacity in 2025, a largely flat 0.5% year-over-year (YoY) growth from 7.7 GW, according to Mercom’s Q4 & Annual 2025 India Solar Open Access Market Report. India’s cumulative installed ...

February 19, 2026

Markets & Policy

Trump May Use Other Laws to Revive Trade Tariffs After Supreme Court Setback

On the face of it, the U.S. Supreme Court’s judgment striking down Donald Trump’s sweeping trade tariffs may have come as a net positive for clean energy, but uncertainty looms large as the White House can still impose duties usin...

February 24, 2026

Latest News

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POWERGRID Commissions Project to Evacuate 8.1 GW Solar Power from Rajasthan

POWERGRID Narela Transmission, a wholly owned subsidiary of Power Grid Corporation of India (POWERGRID), has commissioned the final interstate transmission system (ISTS) to evacuate 8.1 GW of power from solar energy zones in Rajasthan. The...

February 25, 2026

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Vikram Solar Secures 378 MW Module Supply Order from NTPC-Indian Oil JV

Kolkata-based solar module manufacturer Vikram Solar has secured an order for the supply of 378.75 MW of N-TOPCon modules for Indian Oil-NTPC Green Energy’s (INGEL) 600 MW solar project in Nakhatrana, Kutch district, Gujarat. Vikram will start...

February 25, 2026

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NTPC Tenders Green Ammonia and Methanol Projects in Andhra Pradesh

NTPC Green Energy (NGEL) has issued a request for proposal to set up green ammonia and green methanol projects at the Pudimadaka Green Hydrogen Hub in Andhra Pradesh. The ammonia and methanol projects will be assessed under Parcel A and Parcel M,...

February 25, 2026

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Keltron Floats Tender for 1.5 MW Rooftop Solar Project in West Bengal

Keltron Equipment Complex, a unit of the Kerala State Electronics Development Corporation (KSEDCL), has invited bids to set up a 1.5 MW rooftop solar project at the Kalyani Layer Farm under the West Bengal Livestock Development Corporation (WBLDCL)....

February 25, 2026

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Daily News Wrap-Up: Kerala Approves Smart Prepaid Billing Procedure

The Kerala State Electricity Regulatory Commission approved the billing procedure for the implementation of the smart prepaid metering system for government consumers availing electricity supply at the low tension (LT) level. The Commission...

February 25, 2026

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Project Finance Brief: Atlas Renewable Energy Secures $3B Refinancing

From: Mercom Capital Group Atlas Renewable Energy, a solar and wind project developer, has closed approximately $3 billion in corporate refinancing, its largest to date for clean energy in Latin America. The company carried out the transaction with...

February 25, 2026

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Funding and M&A Roundup: First Solar Secures $1.5 Billion

From: Mercom Capital Group First Solar, a U.S.-based solar module manufacturer, has secured a $1.5 billion revolving credit facility. The agreement establishes a senior unsecured five-year facility with the option to increase the aggregate...

February 25, 2026

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Government Approves Higher Equity Investment Cap for POWERGRID

The Cabinet Committee on Economic Affairs (CCEA) has raised the permissible equity investment limit for Power Grid Corporation of India (POWERGRID) in its subsidiaries to ₹75 billion (~$825.25 million) per subsidiary, up from ₹50 billion (~$550.17...

February 24, 2026

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