Mercom Research Focus
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India Adds Record 15.3 GW of Solar Capacity in Q1 2026

India installed 15.3 GW of solar capacity in Q1 2026, its highest-ever quarterly total, according to Mercom India’s Q1 2026 India Solar Market Update Report. Additions rose more than 143% year-over-year (YoY) from 6.3 GW in Q1 202...

May 14, 2026

Mercom Research Focus

India’s Solar Power Generation Soars 24.3% YoY to 52 BU in Q1 2026

In Q1 2026, India achieved a significant milestone, generating approximately 52 billion units (BU) of solar power, registering a 24.3% year-over-year (YoY) increase, as reported by the Central Electricity Authority (CEA). Solar ge...

May 13, 2026

C&I

Renewable Energy Solution Providers to Gain from Green Energy Transition

The transition to green energy continues to accelerate in India, driven by policy support, declining solar technology costs, and rising electricity demand across commercial, industrial, and residential segments. The growth traject...

May 13, 2026

C&I

Jodhpur Businesses Seek Clean Energy Solutions for Long-Term Power Savings

Jodhpur is one of Rajasthan’s main business hubs. The state is the leading renewable energy producer in India, and commercial and industrial consumers in the city are looking to adopt clean energy solutions to bring their electric...

May 14, 2026

Latest News

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RUMSL Invites Bids for Land for Solar Projects in Madhya Pradesh

Rewa Ultra Mega Solar (RUMSL) has invited expressions of interest for the purchase of private land parcels from prospective land owners to set up solar projects in Madhya Pradesh. The last day to submit the bids is June 8, 2026. The offered land...

May 14, 2026

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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 renewable energy projects’ within the land conversion framework. The projects...

May 14, 2026

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Germany Awards 2.3 GW Solar Capacity in the March Round

Germany’s Federal Network Agency (Bundesnetzagentur) has awarded 268 bids for solar installations with a combined capacity of 2,299 MW in its March 2026 solar PV auction. The auction targeted a total capacity of 2,295 MW but received 532 bids...

May 14, 2026

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Strong US Demand Pushes Nextpower’s FY 2026 Revenue Up 20%

U.S.-based solar tracker firm Nextpower reported revenue of $880.5 million in the fourth quarter (Q4) of the financial year (FY) 2026, a 4.7% year-over-year (YoY) decrease from $924.3 million. The revenue exceeded analysts’ expectations by $50.7...

May 14, 2026

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Tata Power’s Q4 FY 2026 Revenue Falls 8% on Lower EPC Revenue

Integrated power company Tata Power reported a revenue of ₹159.62 billion (~$1.67 billion) in the fourth quarter (Q4) of the financial year (FY) 2026, a 7.9% year-over-year (YoY) decrease from ₹173.28 billion (~$2 billion). Solar engineering,...

May 14, 2026

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Daily News Wrap-Up: Tamil Nadu Issues Draft MYT Framework Until FY 2032

The Tamil Nadu Electricity Regulatory Commission (TNERC) released its draft multi-year tariff (MYT) regulations for distribution licensees (DISCOMs) covering financial years 2027-28 to 2031-32. Stakeholders can submit their feedback by May 27, 2026....

May 14, 2026

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Terra Clean Issues Land Aggregation Tender for a 200 MW Wind Project in Karnataka

Terra Clean, a subsidiary of India Oil Corporation (IOCL), has invited bids for land aggregation to develop an interstate transmission system (ISTS)-connected wind power project of 200 MW within the jurisdiction of the Davangere substation,...

May 14, 2026

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Plug Power Q1 Revenue Beats Estimates as Electrolyzer Sales Jump

Hydrogen fuel cell solutions provider Plug Power reported revenue of $163.51 million in the first quarter (Q1) of 2026, a 22.3% year-over-year (YoY) increase compared to $133.67 million. This growth was driven by expansion across its material...

May 14, 2026

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