Mercom Research Focus
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India’s Wind Energy Installations Up 105% YoY in Q3 2025

India added 1.4 GW of wind energy capacity in the third quarter (Q3) of 2025, a 105% year-over-year (YoY) increase from 706.5 MW in Q3 2024, according to Mercom India Research. Capacity additions, however, fell 11% compared to Q2 ...

October 28, 2025

Markets & Policy

MPERC Drops RPO Default Cases After Power Ministry’s Notification

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has withdrawn 65 suo motu petitions initiated against various obligated entities for non-compliance with renewable purchase obligation (RPO) targets. This move follows a...

October 28, 2025

Mercom Research Focus

Global Solar Sector Attracts $17.3 Billion Corporate Funding in 9M 2025, Down 22% YoY

Total corporate funding, including venture capital funding, public market, and debt financing, for the solar sector globally, stood at $17.3 billion in the first nine months (9M) of 2025, 22% lower than the $22.3 billion raised in...

October 24, 2025

Markets & Policy

Uttar Pradesh Issues New Framework for Captive Renewable Energy Projects

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has notified the Captive and Renewable Energy Generating Plants Regulations, 2024, setting a comprehensive framework for renewable and captive generation in the state fro...

October 28, 2025

Latest News

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JAKEDA Issues Empanelment Tender for 153 MW Rooftop Solar Projects

Jammu and Kashmir Energy Development Agency (JAKEDA) has issued a request for selection (RfS) to empanel developers to set up 152.75 MW of grid-connected rooftop solar projects on government buildings in the union territory under the renewable...

October 29, 2025

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Goldi Solar Secures ₹14 Billion in Havells-led Funding Round

Solar module manufacturer Goldi Solar has secured ₹14.22 billion (~$161.07 million) in growth capital in a funding round led by Havells India, high-net-worth individuals, and institutional and strategic investors. Some of the investors included...

October 29, 2025

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Mumbai Hospital Saves ₹1.3 Million Annually with Rooftop Solar

It’s not just big, power-guzzling industries that are shifting to solar; the healthcare sector is also increasingly adopting clean energy sources. Established in 1983, Nair Hospital Dental College, a government hospital under the Brihanmumbai...

October 29, 2025

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NextEra Reaffirms 2025 Guidance Despite Missing Revenue Expectations in Q3

U.S.-based power producer NextEra Energy reported operating revenue of $7.97 billion for the third quarter (Q3) of 2025, a 5% year-over-year (YoY) increase from $7.57 billion in Q3 2024. The revenue, however, missed analysts’ expectations by...

October 29, 2025

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Renewable Capacity Additions Drive Adani Green’s Revenue Up 4.3% YoY in Q2

Adani Green Energy’s (AGEL) revenue dropped 4.3% year-over-year (YoY) to ₹32.49 billion(~$368.5 million) in the second quarter (Q2) of the financial year (FY) 2026 from ₹33.96 billion (~$385 million). Net profit rose 24.2% to ₹6.4 billion (~$72.6...

October 29, 2025

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Daily News Wrap-Up: India’s Wind Capacity Rose 105% YoY in Q3 2025

India added 1.4 GW of wind energy capacity in the third quarter (Q3) of 2025, a 105% year-over-year (YoY) increase from 706.5 MW in Q3 2024, according to Mercom India Research. Capacity additions, however, fell 11% compared to Q2 2025....

October 29, 2025

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Funding and M&A Roundup: Redwood Materials Raises $350 Million

From: Mercom Capital Group Battery recycling firm Redwood Materials closed a $350 million Series E funding round, led by Eclipse, with participation from NVentures, the venture capital arm of NVIDIA, and other new strategic investors. The...

October 29, 2025

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Project Finance Brief: Energy Vault Acquires 150 MW Battery Storage Project

From: Mercom Capital Group Energy Vault, a utility-scale energy storage project developer, announced the acquisition and planned development of the SOSA Energy Center, a 150 MW/300 MWh battery energy storage system located in Madison County, Texas....

October 29, 2025

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Rise in Polysilicon Prices Drives Daqo’s Revenue Up 23% in Q3 2025

China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation has posted a revenue of $244.6 million in the third quarter (Q3) of 2025, up 23% year-over-year (YoY) from $198.5 million. It beat analysts’ revenue expectations by...

October 28, 2025

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