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Power Sector Reforms Help DISCOMs Post Profits in FY 2025 for First Time

India’s rated power distribution utilities reported a consolidated profit after tax (PAT) of ₹27.01 billion (~$294.7 million) in FY25, marking a sharp turnaround from a loss of ₹270.22 billion (~$2.95 billion) recorded in FY24, ac...

January 27, 2026

Mercom Research Focus

Solar Tender and Auction Activity Slumps in 2025

In 2025, tender announcements for utility-scale solar projects declined to nearly 44 GW, down 45% from 2024, according to Mercom India Research. During the year, around 20 GW of projects were auctioned, a 57% decline compared to 2...

January 23, 2026

Mercom Research Focus

Corporate Solar Funding Down 16% YoY in 2025; Deal Count Rises, M&A Robust

The total global corporate solar funding dropped by 16% year-over-year (YoY) with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024, according to Mercom Capital Group’s newly released 2025 Annual an...

January 22, 2026

C&I

What SMEs Should Know Before Applying for Solar Financing in India

Clean energy sources, including solar, can deliver long-term cost savings and improve resilience against power supply volatility. As India accelerates its renewable energy transition, financing for clean energy adoption is becomin...

January 27, 2026

Latest News

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Project Finance Brief: Low Carbon Closes Over $684 Million in Debt

From: Mercom Capital Group Low Carbon, a renewable energy project developer, raised more than £500 million (~$684 million) across senior and Holdco financing in partnership with ten major international banks. The facility, structured as a platform...

January 28, 2026

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Daily News Wrap-Up: DISCOMs Report Profits in FY 2025 for First Time

India’s rated power distribution companies (DISCOMs) reported a consolidated profit after tax (PAT) of ₹27.01 billion (~$294.7 million) in the financial year (FY) 2025, marking a sharp turnaround from a loss of ₹270.22 billion (~$2.95 billion)...

January 28, 2026

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Module Manufacturer ADM to Buy Solar Power from Avener’s 10 MW Project

Solar module manufacturer ADM Solar Power Infrastructure has signed a long-term power purchase agreement (PPA) with Avener Green to procure 10 MW of solar power in captive mode. The procured solar power will be used to meet the power demand of ADM...

January 28, 2026

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Funding and M&A Roundup: GlassPoint Secures $20 Million in Funding

From: Mercom Capital Group GlassPoint, a company that provides solar thermal-based energy solutions, has closed $20 million in a funding round led by N.I.S. New Investment Solutions, a Liechtenstein- based asset management firm, with participation...

January 28, 2026

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POWERGRID Invites Bids to Set Up 125 MW/500 MWh BESS in Chhattisgarh

Power Grid Corporation of India (POWERGRID) has invited bids to set up a 125 MW/500 MWh state transmission unit-connected standalone battery energy storage system (BESS) for the Chhattisgarh State Power Distribution Company (CSPDCL). The BESS...

January 28, 2026

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MENA Weekly Roundup: DEWA Approves Solar-Powered Data Center’s Phase 2

Dubai Electricity and Water Authority (DEWA) approved the second phase of its solar-powered green data center at Warsan. The data center is powered primarily by renewable energy from the Mohammed bin Rashid Al Maktoum Solar Park. DEWA said the...

January 27, 2026

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Adani Green’s Q3 Revenue Rose 21% YoY on High Capacity Additions

Adani Green Energy (AGEL) reported a revenue of ₹24.2 billion (~$263.63 million) in the third quarter (Q3) of the financial year (FY) 2026, a 21% year-over-year (YoY) increase from ₹19.93 billion (~$217.11 million). Earnings before interest, taxes,...

January 27, 2026

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Rajasthan Regulator Allows Dual Power Connections for High-Load Consumers

The Rajasthan Electricity Regulatory Commission (RERC) has approved the introduction of dual-source electricity supply for high-tension (HT) and extra-high-tension (EHT) consumers, including the Public Health Engineering Department (PHED), data...

January 27, 2026

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Fujiyama Commissions 1 GW Solar Cell Facility in Uttar Pradesh

Solar energy solutions provider Fujiyama Power Systems (UTL Solar) has announced the commissioning of a 1 GW solar cell manufacturing facility in Dadri, Uttar Pradesh. The facility, which will manufacture Mono PERC Domestic Content Requirement (DCR)...

January 27, 2026

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