Mercom Research Focus
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Global Corporate Funding for Solar Surges 131% YoY to $11.1 Billion in Q1 2026

Corporate funding in the solar sector rose to $11.1 billion across 53 deals in the first quarter of 2026, marking a 131% year-over-year increase from the $4.8 billion raised across 39 deals in Q1 2025, according to Mercom Capital ...

May 8, 2026

Energy Storage

Damodar Valley Corporation Names Winner of 500 MWh Energy Storage Auction

Damodar Valley Corporation (DVC) has announced the winner of the auction to set up a 250 MW/500 MWh battery energy storage system (BESS) project in Maithon, Jharkhand. Pace Digitek won the project valued at ₹7.02 billion (~$74.33 ...

May 8, 2026

Energy Storage

UPPCL Announces Winners of 1.5 GWh Battery Storage Auction

The Uttar Pradesh Power Corporation (UPPCL) has announced the winners of the 375 MW/1,500 MWh standalone battery energy storage auction. KCC Buildcon won 187.5 MW/750 MWh, and Agastya Green Energy won 62.5 MW/250 MWh at a tariff o...

May 6, 2026

Grid

Supreme Court Rules Railways Must Pay Open Access Surcharges

The Supreme Court has ruled that Indian Railways cannot claim the status of a deemed distribution licensee (DDL) under the Electricity Act, holding that its electricity infrastructure is intended solely for its own operational req...

May 11, 2026

Latest News

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Southern Railway Floats Tender for 29 MW Solar Projects in Tamil Nadu

Southern Railway has issued a tender for setting up three solar projects with a total capacity of 29 MW in Tamil Nadu. The project will be implemented at Bulb Line in the MAS Division with an 8 MW capacity, at Nallampalayam in the SA Division with a...

May 11, 2026

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JSW Energy’s Q4 Revenue Up 39% as Renewable Capacity Rises

Independent power producer JSW Energy posted revenue of ₹48.51 billion (~$513.49 million) in the fourth quarter (Q4) of the financial year (FY) 2026, an increase of 38.7% year-over-year (YoY) from ₹34.97 billion (~$370.17 million). Revenue growth...

May 11, 2026

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Amrut Energy Merges with Mascot Dynamics to Scale Solar Pumps

Ahmedabad-based Amrut Energy, a solar water pump manufacturer and renewable energy solutions provider, has announced its merger with Mascot Dynamics, a diversified engineering group operating in India’s oil and gas, chemical, and water...

May 11, 2026

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RECPDCL Floats Empanelment Tender for Carbon Credit Verification Agencies

REC Power Development & Consultancy (RECPDCL) has invited expressions of interest (EoI) to empanel agencies to support verification and validation work under the Indian Carbon Market. The last date to submit the bids is May 22, 2026. Bids will...

May 11, 2026

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NTPC Invites Bids for Modules for 1.2 GW Solar Projects in Gujarat

NTPC Renewable Energy (NTPC REL) has invited bids for the supply of solar modules for 1.2 GW of solar power projects at the Khavda Renewable Energy Park-South Block in the Rann of Kutch, Gujarat. The scope of work includes manufacturing, supply,...

May 11, 2026

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Ecofy Secures $15 Million from Mirova to Support Rooftop Solar Financing

Ecofy, a non-banking financial company backed by Eversource Capital, British International Investment, FMO, and Finnfund, has raised $15 million in debt financing from Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable...

May 11, 2026

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ESA Sells 150 MW US Battery Energy Storage Project to Ørsted

ESA Solar Energy, a solar and energy storage project developer, has sold the 150 MW Salzburg battery storage project in Michigan, U.S., to renewable energy company Ørsted. The companies did not disclose the transaction value. Ascend Analytics, a...

May 11, 2026

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Altea Green Power Acquires 16.7 MW Solar Project in Italy

Altea Green Power, an independent renewable power producer, has acquired 100% of the SPV NB5, a special-purpose vehicle (SPV) that owns a 16.75 MW photovoltaic project in Montecchio Emilia, Reggio Emilia, Italy, from an undisclosed seller. The solar...

May 11, 2026

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SECI Floats Balance of System Tender for 88 MW Solar Project in Karnataka

The Solar Energy Corporation of India (SECI) has invited bids for a balance-of-system (BoS) package for an 88 MW ground-mounted solar project in Chitradurga, Karnataka. The last date to submit bids is June 1, 2026. Bids will be opened on June 4....

May 11, 2026

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Daily News Wrap-Up: Global Solar Corporate Funding Rises 131% YoY in Q1 2026

Corporate funding in the solar sector rose to $11.1 billion across 53 deals in the first quarter of 2026, marking a 131% year-over-year increase from the $4.8 billion raised across 39 deals in Q1 2025, according to Mercom Capital Group’s newly...

May 11, 2026

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