Other

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SECI Seeks Carbon Dioxide Sources for Green Urea and Green Methanol

The Solar Energy Corporation of India (SECI) has invited expressions of interest (EoIs) to identify carbon dioxide (CO₂) sources for green urea and RFNBO-compliant green...

August 5, 2026

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Rakesh Ranjan

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Other

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Tenders and Auctions
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Solar, Battery Storage Demand Push Shoals’ Revenue Up 47% YoY in Q2 2026

Shoals Technologies Group, a manufacturer of electrical infrastructure solutions for utility-scale solar, battery storage, and data center power systems, posted revenue...

August 5, 2026

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Rakesh Ranjan

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Finance and M&A

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Other
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Daily News Wrap-Up: Solar Tender and Auction Activity Drops in Q2

Government agencies issued tenders for approximately 5.4 GW of solar capacity in the second quarter (Q2) of 2026, down 5.7% from 5.7 GW in the previous quarter and 21.5%...

August 5, 2026

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Mercom Staff

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Daily Wrap-up
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Project Finance Brief: Avantus Closes $1 Billion to Expand Project Portfolio

From: Mercom Capital Group Avantus, a U.S. developer, owner, and operator of utility-scale solar and energy storage projects, has closed a $1.05 billion corporate credit...

August 5, 2026

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Dibin DB

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Finance and M&A

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Other
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Funding and M&A Roundup: Base Power Raises $1 Billion in Funding Round

From: Mercom Capital Group Base Power, a distributed energy storage solutions provider, has raised $1 billion in Series D financing at a post-money valuation of $13...

August 5, 2026

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Staff

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Finance and M&A

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Other
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IEX’s Electricity Trading Volume Rises 7.7% YoY in July

The Indian Energy Exchange (IEX) traded 13,527 million units (MU) of electricity in July 2026, a 7.7% year-over-year (YoY) increase. According to government data,...

August 4, 2026

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Arjun Joshi

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Other

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Renewable Energy
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Distribution Business, Renewables Boost Torrent’s Revenue 3% in Q1 FY 2027

Gujarat-based Torrent Power posted revenue of ₹81.24 billion (~$852.21 million) in the first quarter (Q1) of the financial year (FY) 2026-27, an increase of 3%...

August 4, 2026

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Rakesh Ranjan

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Finance and M&A

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Renewable Energy
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SECI Seeks Trading Partner to Sell Renewable Energy

Solar Energy Corporation of India (SECI) has invited bids to select a collaboration partner to trade renewable power available from its existing and upcoming portfolio....

August 4, 2026

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Arjun Joshi

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Renewable Energy

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Tenders and Auctions
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Base Power Raises $1 Billion in Series D Funding Round

Base Power, a distributed energy storage solutions provider, has raised $1 billion in Series D financing at a post-money valuation of $13 billion and started producing...

August 4, 2026

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Dibin DB

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Energy Storage

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Finance and M&A
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Month in a Minute: Top Headlines from the Indian Renewable Sector in July 2026

The Ministry of New and Renewable Energy (MNRE) extended the exemption from the Approved List of Models and Manufacturers (ALMM) List II requirement for solar cells for...

August 4, 2026

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Parth Shukla

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Markets & Policy

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Renewable Energy
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PFC Awards Project to Evacuate 3 GW of Renewables in Andhra Pradesh

Power Finance Corporation (PFC) has announced the winner of the auction to establish the inter-state transmission system (ISTS) for integrating the Ananthapuram-III PS...

August 4, 2026

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Rakesh Ranjan

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Grid

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Tenders and Auctions
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Daily News Wrap-Up: MNRE Proposes Uniform Solar Cell Nomenclature

The Ministry of New and Renewable Energy (MNRE) invited stakeholder comments on a draft proposal to introduce a standardized nomenclature for solar photovoltaic cell...

August 4, 2026

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Mercom Staff

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Daily Wrap-up
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Green Hydrogen and Storage Key to Curbing Renewables Curtailment: Interview

As India rapidly expands renewable energy capacity, grid constraints are increasing the need for energy storage to support further deployment. Industry executives...

August 3, 2026

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Melvin Mathew

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Renewable Energy

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Solar

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Wind
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Bus, Stationary Growth Lift Ballard’s Top Line 15% in Q2 2026

Fuel cell manufacturer Ballard Power Systems posted revenue of $20.6 million in the second quarter (Q2) of 2026, an increase of 15.4% year-over-year (YoY) from $17.8...

August 3, 2026

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Rakesh Ranjan

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Finance and M&A

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Other Energy
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SJVN’s Q1 FY27 Revenue Jumps 52% YoY; Higher Costs Pull Profits Down

Government-owned power generation company SJVN clocked a consolidated revenue from operations of ₹13.94 billion (~$146.2 million) in the first quarter (Q1) of the...

August 3, 2026

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Arjun Joshi

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Finance and M&A

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Other

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