Mercom Research Focus
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Energy Storage Attracts $2.8 Billion in Venture Capital in 9M 2025

Corporate funding for energy storage companies came in at $11.2 billion across 85 deals in the first nine months (9M) of 2025, down 36% year-over-year (YoY) from $17.6 billion across 83 deals, according to Mercom Capital Group’s 9...

November 4, 2025

Markets & Policy

No Blanket Cancellation of Renewable Projects with Unsigned PSAs: MNRE

The Ministry of New and Renewable Energy (MNRE) has clarified that there will be no blanket cancellation of projects awarded by renewable energy implementing agencies (REIAs) where power sale agreements (PSAs) remain unsigned. Ins...

November 4, 2025

Market & Policy

Government Asserts Proposed Reforms Will Cut Cost of Electricity Supply

The Ministry of Power has asserted that government-owned distribution companies (DISCOM) will continue to operate alongside private licensees in a regulated, level-playing environment, while referring to the Electricity (Amendment...

October 31, 2025

Markets & Policy

Haryana Issues Tariff Determination Terms for Renewable Energy Projects

The Haryana Electricity Regulatory Commission (HERC) has issued the terms and conditions for determining tariffs for renewable energy projects, renewable purchase obligations, and renewable energy certificates. The regulations wil...

October 30, 2025

Latest News

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Project Finance Brief: GoldenPeaks Secures $133 Million for Solar Portfolio

From: Mercom Capital Group GoldenPeaks Capital (GPC), an independent renewable energy power producer, closed a senior loan facility of €114 million (~$133 million) to finance the construction of two solar project portfolios located in Poland. PKO...

November 5, 2025

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Dharan Infra Bags Supply Contract for 75 MW Solar Projects in Maharashtra

Dharan Infra Solar, a wholly owned subsidiary of engineering, procurement, and construction company Dharan Infra-EPC, has executed a supply agreement with Skymax Infrapower, an infrastructure company, for 75 MW of solar projects spread across nine...

November 5, 2025

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Month in a Minute: Top Headlines from the Indian Renewable Sector in October 2025

The Central Electricity Regulatory Commission (CERC) proposed that designated entities, including electricity distribution licensees, open access consumers, and captive consumers, can fulfill their renewable consumption obligation (RCO) by paying...

November 4, 2025

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Net Billing and Net Metering Tariffs for Rooftop Solar Increased in Jodhpur

The Jodhpur Vidyut Vitran Nigam (JVNNL) has increased the tariff payable to residential consumers with rooftop solar systems under a net metering arrangement to ₹3.26 (~$0.036)/kWh. The tariff has been increased by 20% from ₹2.71(~$0.03)/kWh. For...

November 4, 2025

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Renewables Expansion Pushes ACME Solar’s Q2 FY26 Revenue 104% YoY

Gurgaon-based independent power producer ACME Solar Holdings has posted a revenue of ₹6.01 billion (~$67.81 million) in the second quarter (Q2) of the financial year (FY) 2026, a 103.8% increase year-over-year (YoY) from ₹2.95 billion (~$33.28...

November 4, 2025

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Sadbhav Bags Contract to Install 90 MW Residential Rooftop Solar Systems

Sadbhav Futuretech has won a contract to install 90 MW of rooftop solar systems on the residences of Scheduled Castes (SC) and Scheduled Tribes (ST) under the PM Surya Ghar: Muft Bijli Yojana program, in the state of Andhra Pradesh. The total...

November 4, 2025

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NVVN Tenders 1 MW Solar Project for GAIL in Rajasthan

NTPC Vidyut Vyapar Nigam (NVVN) has invited bids to develop a 1 MW grid-connected ground-mounted solar project at GAIL Ajmer, Rajasthan. Only bidders already empaneled with NVVN are eligible to participate in the tender. Bids must be submitted by...

November 4, 2025

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Green Energy Trade on IEX Up 21% YoY in October 2025

The Indian Energy Exchange (IEX) traded 11,233 million units (MU) of electricity in October 2025, representing a 16.5% year-over-year (YoY) increase. According to the government data published in September 2025, India’s energy consumption reached...

November 4, 2025

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Daily News Wrap-Up: Indian Oil Floats 1 MW Solar EPC Tender

Indian Oil Corporation invited bids for the engineering, procurement, and construction (EPC) of a 1 MW grid-connected solar power project at its LPG bottling plant in Tikri Kalan, Delhi, along with five years of comprehensive operation and...

November 4, 2025

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