Other

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Daily News Wrap-Up: India Adds 7.1 GW of Rooftop Capacity in 2025

India’s rooftop solar capacity grew to 7.1 GW in the calendar year 2025, an over 123% year-over-year (YoY) jump from 3.2 GW in 2024, according to Mercom India Research’s...

February 27, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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Andhra Pradesh Invites Bids for Turbines for 950 MW Pumped Storage Project

The Andhra Pradesh Power Generation Corporation (APGENCO) has invited bids for the design, engineering, manufacturing, and commissioning of three 238/270MW and two...

February 26, 2026

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Rakesh Ranjan

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Other

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Tenders and Auctions
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Bondada Secures ₹5 Billion Loan from Canara Bank for 400 MWh BESS

Hyderabad-based Bondada Engineering has received approval for credit facilities of ₹5 billion (~$55.01 million) from Canara Bank to fund the debt portion of its  200...

February 26, 2026

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Parth Shukla

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Energy Storage

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Finance and M&A
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Daily News Wrap-Up: States Favor Thermal Despite Renewable Energy Growth

Despite record-low renewable energy tariffs, several states have entered long-term thermal power purchase agreements at significantly higher tariffs of ₹5.38 (~$0....

February 26, 2026

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Mercom Staff

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Daily Wrap-up
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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....

February 25, 2026

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Parth Shukla

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Other Energy

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Tenders and Auctions
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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...

February 25, 2026

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Staff

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Daily Wrap-up

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Other
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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...

February 25, 2026

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Staff

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Finance and M&A

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Other
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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....

February 25, 2026

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Rakesh Ranjan

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Mercom Research Focus

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Renewable Energy
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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...

February 25, 2026

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Staff

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Finance and M&A

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Other
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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...

February 24, 2026

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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Daily News Wrap-Up: TNGECL Names 1.5 GWh Battery Storage Auction Winners

Eagle Construction (Eagle Infra India) and OPG Power (OPG Power Ventures) won Tamil Nadu Green Energy Corporation’s (TNGECL) auction to set up seven standalone battery...

February 24, 2026

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Staff

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Daily Wrap-up

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Other
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Waaree to Set Up 2.5 MW Alkaline Electrolyzer for Zero Footprint Industries

Waaree Clean Energy Solutions, a wholly owned subsidiary of solar module manufacturer Waaree Energies, has signed an electrolyzer-as-a-service agreement with green...

February 23, 2026

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Parth Shukla

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Other Energy

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Renewable Energy
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WindForce Secures Order for 12 Standalone Energy Storage Projects in Sri Lanka

Sri Lanka-based renewable energy developer WindForce has secured a letter of award from the Ceylon Electricity Board (CEB) to set up 12 standalone battery energy storage...

February 23, 2026

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Parth Shukla

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Energy Storage

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Other
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Daily New Wrap-Up: Indian Policies Will Moderate Battery Storage Prices

Backed by a robust viability gap funding program and declining prices, India is witnessing significant growth in the deployment of battery energy storage systems (BESS)....

February 23, 2026

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Mercom Staff

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Daily Wrap-up
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Pluto Mobility Raises $2 Million in Seed Funding led by Version One

Delhi-based electric mobility startup, Pluto Mobility, has raised $2 million in seed funding to develop its electric vehicle (EV) platform for last-mile delivery. The...

February 20, 2026

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Meghana Prasad

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Electric Vehicles

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Finance and M&A

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