Other

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Andhra Pradesh Approves ₹1.72 Trillion Investments in Renewables and Data Centers

The Andhra Pradesh government has approved investments totaling ₹1.72 trillion (~$18.21 billion) across three renewable and data center projects at the 17th State...

May 8, 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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Stem’s Q1 2026 Revenue Drops 11%, Misses Analyst Expectations

U.S.-based smart energy storage company Stem reported revenue of $29 million in the first quarter (Q1) of 2026, down 11% year-over-year (YoY) from $32.5 million and...

May 8, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Foreign Market Disruptions Drive Scatec’s Q1 2026 Revenue Down 31% YoY

Norway-based renewable energy solutions provider Scatec reported revenue of NOK1.64 billion (~$177 million) in the first quarter (Q1) of 2026, down 31.3% year-over-year...

May 7, 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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India, EU Invite Proposals for €15.2 Million EV Battery Recycling Initiative

The Government of India and the European Union have launched a joint funding initiative worth €15.2 million (₹1.69 billion) to support research and innovation in...

May 7, 2026

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Meghana Prasad

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Electric Vehicles

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Other Energy
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CERC Proposes Shorter Gate Closure for Real-Time Market Power Trades

The Central Electricity Regulatory Commission (CERC) has proposed shortening the scheduling time in the real time market (RTM) in the power exchanges from 75 minutes to...

May 7, 2026

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B.S. Nagaraj

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Markets & Policy

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Other
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Nyobolt Raises $60 Million to Expand Fast-Charging Battery Technology

Nyobolt, a U.K.-based fast-charging Li-ion battery solutions developer, has raised $60 million in a Series C funding round, bringing the company’s valuation to $1...

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Hopewind’s Energy Storage PCS Meets India’s 51°C Heat Challenge

Renewable energy solutions company Hopewind is powering over 650 MW of utility-scale battery energy storage systems (BESS) across two major projects in Rajasthan,...

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Daily News Wrap-Up: UPPCL Announces 1.5 GWh Battery Storage Auction Winners

The Uttar Pradesh Power Corporation (UPPCL) announced the winners of the 375 MW/1,500 MWh standalone battery energy storage auction. KCC Buildcon won 187.5 MW/750 MWh,...

May 7, 2026

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Mercom Staff

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Daily Wrap-up
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RECPDCL Tenders Transmission Projects to Evacuate 21.5 GW Renewables in Gujarat

REC Power Development and Consultancy (RECPDCL) has issued two requests for proposals to select transmission service providers to build, own, operate, and transfer...

May 7, 2026

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Meghana Prasad

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Grid

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Tenders and Auctions
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FTC Solar Q1 Revenue Falls 17% YoY as Delayed Project Weighs on Results

U.S.-based solar tracker company FTC Solar reported revenue of $17.3 million in the first quarter of 2026, down 17% year-over-year from $20.8 million and missing analyst...

May 7, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Shoals Technologies’ Q1 2026 Revenue Up 75% YoY, Exceeds Analysts’ Estimates

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

May 7, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Moment Energy Raises $40 Million in Series B Funding Round

Moment Energy, an electric vehicle battery repurposing company, has raised $40 million in its Series B funding round, bringing the total capital raised to more than $100...

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Rajasthan Introduces New Renewable Energy Purchase Compliance Rules

The Rajasthan Electricity Regulatory Commission (RERC) has introduced new renewable energy compliance requirements, distributed renewable energy targets, and aligned the...

May 6, 2026

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Parth Shukla

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Market & Policy

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Renewable Energy
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India Eases Foreign Investment Rules for Polysilicon, Wafer, Batteries

India’s Department for Promotion of Industry and Internal Trade (DPIIT) has issued a standard operating procedure (SOP) for processing foreign direct investment...

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Month in a Minute: Top Headlines from the Indian Renewable Sector in April 2026

India’s solar sector witnessed a major reshuffle in market leadership in 2025, with 35 new companies entering the top 10 rankings across key segments, reflecting the...

May 6, 2026

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Meghana Prasad

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Markets & Policy

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Renewable Energy

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