Other

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Elong Power Holding Closes $6 Million Public Offering

Elong Power Holding, a company that provides lithium-ion battery solutions for energy storage systems and electric vehicles, has announced the closing of its $6 million...

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Enel to Acquire 270 MW US Solar Portfolio for $140 Million

Enel, through its wholly owned subsidiary Enel Green Power North America, has signed an agreement with a U.S. utility to acquire seven operational solar projects. The...

May 19, 2026

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Dibin DB

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Finance and M&A

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Other

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Solar
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ReNew’s FY 2026 Net Profit Doubles as Capacity Additions Sustain Momentum

Decarbonization solutions company ReNew’s revenue for the fourth quarter (Q4) of financial year (FY) 2025-26 rose 9.5% to ₹31.79 billion (~$330.44 million) from ₹29.05...

May 19, 2026

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Arjun Joshi

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Finance and M&A

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Other
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India’s Policies Shift Focus to Storage, Grid Reliability, and Compliance in Q1 2026

India’s renewable energy sector is entering a phase of stricter regulatory compliance, growing integration of storage, and evolving market structures, according to...

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Daily News Wrap-Up: NLC Announces Winners of 500 MWh EPC Battery Storage Auction

NLC India announced the winner of its auction to set up a 250 MW/500 MWh battery energy storage system (BESS) at the Tamil Nadu Transmission Corporation’s substations....

May 19, 2026

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Mercom Staff

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Daily Wrap-up
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India’s RTC Push Is Laying the Groundwork for Hourly Clean Energy Matching: Interview

India’s power system has advanced in time-based operations, with electricity scheduled and dispatched in 15-minute intervals. Yet, the country’s clean energy accounting...

May 19, 2026

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Meghana Prasad

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Renewable Energy

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Solar
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Tripura Electricity Regulator Approves ₹12.75 Billion Tariff Recovery

The Tripura Electricity Regulatory Commission (TERC) has approved the tariffs for Tripura State Electricity Corporation (TSECL) for the financial year ending March 2027....

May 19, 2026

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Meghana Prasad

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Markets & Policy

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Renewable Energy
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Automation, Higher Deliveries Send Eos Energy Q1 Revenue Soaring

U.S.-based energy storage solutions provider Eos Energy Enterprises posted revenue of $57 million in the first quarter (Q1) of 2026, up 444.7% year-over-year (YoY) from...

May 19, 2026

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Rakesh Ranjan

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Energy Storage

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Finance and M&A
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Crux Secures $500 Million Debt Facility for Clean Energy Tax Investments

Crux, a clean energy finance platform, has closed a $500 million debt financing facility with Nuveen Energy Infrastructure Credit, Nuveen’s infrastructure credit...

May 18, 2026

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Dibin DB

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Finance and M&A

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Solar
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PFC, REC Boards Decide to Approach President for Merger Approval

The decks have been cleared for the merger of REC Limited with the Power Finance Corporation (PFC), with the boards of the two government-owned companies approving the...

May 18, 2026

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B.S. Nagaraj

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Markets & Policy

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Renewable Energy
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Solex’s Q4 Revenue Surges 248% on Higher Module Manufacturing, EPC Orders

Gujarat-based solar module manufacturer Solex Energy reported a revenue of ₹8.86 billion (~$92.39 million) for the fourth quarter (Q4) of the financial year (FY) 2026,...

May 18, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Daily News Wrap-Up: India Adds 1.6 GW of Wind Capacity in Q1 2026

India added nearly 1.6 GW of wind power capacity in the first quarter (Q1) of the calendar year 2026, up 14% quarter-over-quarter from 1.3 GW. The capacity additions...

May 18, 2026

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Mercom Staff

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Daily Wrap-up
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PFC’s FY 2026 Net Profit Rises 10% YoY, Loan Asset Book Tops ₹11.64 Trillion

State-owned lender to the energy sector, Power Finance Corporation (PFC), has reported consolidated revenue from operations of ₹289.20 billion (~$3.03 billion) in the...

May 15, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Daily News Wrap-Up: India Adds 15.3 GW of Solar Capacity in Q1 2026

India installed 15.3 GW of solar capacity in the first quarter (Q1) of 2026, its highest-ever quarterly total, according to Mercom India’s Q1 2026 India Solar Market...

May 15, 2026

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Mercom Staff

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Daily Wrap-up
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Rajasthan Brings Renewable Energy Projects Under Land Conversion Framework

The Rajasthan Government has amended the Rajasthan Land Revenue (Conversion of Agricultural Land for Non-Agricultural Purposes in Rural Areas) Rules, 2007, bringing...

May 14, 2026

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Rakesh Ranjan

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Markets & Policy

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Renewable Energy

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