Mercom Research Focus
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Top Five States for Solar Open Access in Q2 2025

India added 2.6 GW of solar open access capacity in the second quarter (Q2) of 2025, a nearly 143% increase from 1.1 GW in Q1 2025. Installations rose 60.1% year-over-year (YoY) from over 1.7 GW, according to Q2 2025 Mercom India ...

September 19, 2025

Mercom Research Focus

Landed Costs of Solar Open Access Projects Rise on Higher PPA Tariffs

The landed costs for third-party solar open access projects increased in 11 of 15 states for high-tension (HT) industrial consumers, primarily driven by higher power purchase agreement (PPA) tariffs, according to Mercom India̵...

September 17, 2025

Biofuel

MNRE Hikes National Bioenergy Program Budget by ₹1.4 Billion

The Ministry of New and Renewable Energy (MNRE) has approved a supplementary budget of ₹1.4 billion (~$15.94 million) for the National Bioenergy Program (Phase I), to strengthen the promotion of renewable energy through waste-to-e...

September 17, 2025

Grid

Indian Grid Authorities Call for Action to Prevent Spain-Type Power Blackout

Electricity grid authorities in India have called for a series of actions to prevent an Iberian Peninsula-type blackout disrupting power supply for hours on April 28, 2025. In August, officials from the Ministry of Power, the Grid...

September 17, 2025

Latest News

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Solar Module Capacity Under ALMM Grows by 9.3 GW in September 2025

The Ministry of New and Renewable Energy (MNRE) has updated the Approved List of Models and Manufacturers (ALMM) for solar modules, adding 9,326 MW of capacity. The cumulative capacity of modules under ALMM now stands at 109,545 MW. India’s solar...

September 19, 2025

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Goodluck Wins ₹468 Million Solar Module Mounting Structures Order

Ghaziabad-based Goodluck India has secured an order worth ₹468.7 million (~$5.60 million) from Apraava Energy for the supply of solar module mounting structures. The company reported that it will be supplying approximately 70% of the module mounting...

September 19, 2025

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Rooftop Solar Helps Sanvira Biosciences Save ₹2.8 Million a Year on Power Bills

Biotech company Sanvira Biosciences has saved ₹2.8 million (~$31,776) annually by installing a 368 kW rooftop solar project at its Visakhapatnam facility in Andhra Pradesh. Sanvira is a contract manufacturer that provides end-to-end services, from...

September 19, 2025

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CESC Subsidiary to Set Up Solar Cell, Module Manufacturing Facilities

CESC Green Power, a wholly owned subsidiary of Calcutta Electric Supply Corporation (CESC), is establishing solar cell and module manufacturing facilities, as well as other renewable energy value chain and ancillary manufacturing facilities, across...

September 19, 2025

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Waaree to Acquire 76% Stake in Smart Meter Manufacturer Racemosa Energy

Waaree Power, a wholly owned subsidiary of Waaree Energies, will acquire a 76% stake in Maharashtra-based smart meter manufacturing company, Racemosa Energy. The company will acquire the shares at a cost of ₹530 million (~$6 million). The...

September 19, 2025

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NTPC Floats EPC Tender for 2 MW Solar Project in Jharkhand

NTPC has issued an engineering, procurement, and construction (EPC) tender to develop a 2 MW solar project at Dump C of its Pakri Barwadih Coal Mining Project in Jharkhand’s Hazaribagh district. Bids must be submitted by October 8, 2025. Bids will...

September 19, 2025

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MNRE Extends Solar Park Program Until March 2029

The Ministry of New and Renewable Energy (MNRE) has extended the timeline of the ‘Development of Solar Parks and Ultra Mega Solar Power Projects’ program by three years until March 31, 2029. According to the latest order, while the program has been...

September 19, 2025

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Karnataka Trims BESCOM’s Dues to Solar Project to ₹111.9 Million

Karnataka Electricity Regulatory Commission (KERC) has reduced the reimbursement amount payable by Bangalore Electricity Supply Company (BESCOM) to Talettutayi Solar Projects Two from ₹117.5 million (~$1.33 million) to ₹111.9 million (~$1.27...

September 19, 2025

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Daily News Wrap-Up: India’s Solar Imports Up 8.3% YoY in Q2 2025

India imported solar cells and modules worth over $839.4 million (₹71.9 billion) in the second quarter (Q2) of 2025, an 8.3% year-over-year (YoY) increase, according to data from the Department of Commerce. Solar cells made up 72.4% of the total...

September 19, 2025

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