Mercom Research Focus
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Solar’s Share in India’s Renewable Capacity Climbs to 56.4% in Q2 2026

Solar continued to dominate India’s renewable energy landscape. Installed solar capacity reached 163.7 GW, accounting for 29.7% of the country’s total power capacity and 56.4% of its renewable energy capacity. The addi...

July 27, 2026

Rooftop

SECI Announces Winners of 4.4 MW Rooftop Solar Project Auction

The Solar Energy Corporation of India (SECI) has announced the winners of its auction to set up 4.455 MW of grid-connected rooftop solar projects (Tranche IX) across India under the renewable energy service company model. The tend...

July 24, 2026

Mercom Research Focus

Could US FEOC Rules Create New Export Opportunities for Indian Solar Manufacturers?

With the U.S. beginning to enforce the Foreign Entity of Concern (FEOC) rules and global buyers accelerating China+1 sourcing strategies, Indian solar module manufacturers are positioning themselves to capture new export opportuni...

July 24, 2026

Markets & Policy

Open Access Will Drive Large-Scale C&I Renewable Adoption: Interview

India added 2.7 GW of solar open access capacity in the first quarter of 2026, up 55% quarter-over-quarter, according to the Q1 Mercom India Solar Open Access Market Report. The growth was supported by favorable policies, growing ...

July 24, 2026

Latest News

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AKME Fintrade Launches Platform for EV and Renewable Energy Financing

AKME Fintrade (India), a Reserve Bank of India-regulated non-banking financial company, has partnered with Finayo to launch AKME GreenX, a green finance platform supporting electric mobility and renewable energy financing. Under the partnership, the...

July 28, 2026

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ENGIE Achieves Financial Closure for 250 MW Khaba Solar Project

Energy solutions provider ENGIE India has secured approximately ₹9.82 billion (~$102.29 million) in financing for its 250 MW Khaba Solar Project in Barmer, Rajasthan. The project is being developed through Khaba Renewable Energy Private, a wholly...

July 28, 2026

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Terra Clean Floats Land Aggregation Tender for 350 MW Solar Project

Terra Clean (TeCL), a wholly owned subsidiary of Indian Oil Corporation, has invited bids to aggregate land for a 350 MW interstate transmission system (ISTS) connected solar power project. The land must be in the vicinity of the Krishnagiri...

July 28, 2026

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AI Can Optimize Renewable Energy Systems Using Grid Data: Interview 

Artificial intelligence (AI) can help consumers design renewable energy systems, optimize energy assets, and improve operational efficiency using solutions tailored to Indian grid conditions, according to Dr. Pallavi Bharadwaj, Assistant Professor,...

July 28, 2026

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Global Power Generation from Renewables to Grow by Over 8% in 2026: IEA

Global power generation from renewables is expected to grow by more than 8% in 2026, pushing its share in the electricity generation mix to 37% by 2027, up from 33% in 2025, according to the International Energy Agency (IEA). In its latest...

July 28, 2026

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Daily News Wrap-Up: Solar’s Share in Renewables Rises to 56.4%

Solar continued to dominate India’s renewable energy landscape. Installed solar capacity reached 163.7 GW, accounting for 29.7% of the country’s total power capacity and 56.4% of its renewable energy capacity. The addition of new projects during the...

July 28, 2026

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MahaGenco Issues Consultancy Tender for DPR of 2.2 GW Pumped Storage Projects

Mahagenco Renewable Energy (MahaGenco REL) has invited bids to prepare detailed project reports (DPR) for two pumped storage power projects with a combined capacity of 2,200 MW in Maharashtra. The last date to submit bids is August 21, 2026. Bids...

July 28, 2026

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Technology and Integration Will Define India’s Solar Manufacturing: Interview

As manufacturers invest in backward integration, advanced technologies, and exports, India’s solar manufacturing segment is entering a phase where competitiveness will increasingly depend on innovation, quality, and supply chain resilience...

July 28, 2026

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NextEra Energy’s Q2 Revenue Rises 12% as Large Load Demand Increases

U.S.-based power producer NextEra Energy reported operating revenue of $7.53 billion for the second quarter (Q2) of 2026, a 12.4% year-over-year (YoY) increase from $6.7 billion. Revenue missed analysts’ expectations by approximately $640 million....

July 28, 2026

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IEX Revenue Rises 11% in Q1 FY 2027 as Power Trading Volume Grows

The Indian Energy Exchange (IEX) reported revenue from operations of ₹1.58 billion (~$16.33 million) in the first quarter (Q1) of the financial year (FY) 2027, an 11.4% year-over-year (YoY) increase from ₹1.42 billion (~$14.66 million). IEX’s profit...

July 27, 2026

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