Goodluck India, Metalkraft, Raydean Industries, Strolar Mounting Systems, and MTE Structures were the top five module mounting structure suppliers to the Indian solar market in 2025, according to Mercom’s India Solar Market Leaderboard 2026 report. The top five companies supplied approximately 91% of the module mounting structures used in solar projects during the year.

Bihar State Power Transmission Company has taken a formal step toward a potential stock market listing by inviting bids to appoint merchant bankers for its proposed initial public offering (IPO). The state-owned utility has issued a tender seeking a book-running lead manager to oversee the IPO process, signaling the Bihar government’s intent to explore capital markets as a funding avenue for its transmission infrastructure.

The Chhattisgarh State Electricity Regulatory Commission notified the Framework for Resource Adequacy Regulations, 2026, establishing a comprehensive planning mechanism to integrate renewable energy and battery storage to ensure a reliable electricity supply. The regulations, which come into force upon publication in the official gazette, apply to distribution licensees, the State Load Despatch Center, transmission utilities, and other grid-connected entities.

Shree Krishna Paper Mills and Industries will procure power from Ratan Green Projects One’s (RGPOPL) solar project in Rajasthan. The project, located in Pali district, has an installed solar capacity of 8.5 MW and includes a 1.3 MWh battery energy storage system. The company will acquire a 26.5% equity stake in RGPOPL and consume power generated from the project on a captive basis under a power purchase agreement.

JK Cement will procure 7 MW of power from Mehrauni Electro Power’s 40 MW solar power project in Prayagraj, Uttar Pradesh, under a group captive arrangement. The procured power will be used for the operations of JK Cement’s manufacturing facility in Prayagraj. The company has invested ₹21 million (~$252,009) in Mehrauni Electro Power, a special-purpose vehicle of Onward Solar Power, to acquire a 9.77% stake.

Polaris Smart Metering secured ₹7.1 billion (~$76.15 million) in financing from British International Investment for its subsidiary to scale up smart meter deployment in India. The funding will be used by Polaris’ subsidiary Hooghly Smart Metering to install over 2.2 million smart meters in West Bengal, expanding the company’s footprint and supporting ongoing reforms in the power distribution sector.

Atlas Renewable Energy, a solar and wind project developer, secured COP453.95 billion (~$121 million) in financing for the 99.9 MW El Campano solar project in Córdoba, Colombia, achieving financial close and enabling construction. The financing package is structured under a project finance framework, combining private equity with long-term project finance debt.

U.S.-based solar cell manufacturer Suniva will invest over $350 million to set up a 4.5 GW solar cell manufacturing facility in Laurens, South Carolina. The manufacturing facility is expected to open in the second quarter of 2027. The new facility, along with the company’s existing facility in Atlanta, Georgia, will increase Suniva’s total annual domestic solar cell manufacturing capacity to over 5.5 GW. Suniva claims that its monocrystalline solar cells achieve efficiencies exceeding 23%.