Mercom Research Focus
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Solar Installations in India Surge 53.7% YoY in 9M 2025 with 26.6 GW

India added a solar capacity of 26.6 GW in the first nine months (9M) of the calendar year (CY) 2025, an increase of 53.7% year-over-year (YoY) from 17.3 GW, according to the newly released Q3 2025 India Solar Market Update Report...

November 18, 2025

Energy Storage

Sun Drops, ENGIE Among Winners of Gujarat DISCOM’s 4 GWh BESS Auction

Nine companies have won Gujarat Urja Vikas Nigam’s (GUVNL) auction to develop 2,000 MW/4,000 MWh of standalone battery energy storage systems (BESS) across Gujarat (Phase VII). Sun Drops Energia (KP Group), ENGIE Energy, Mecpower ...

November 18, 2025

Solar

Andhra Pradesh Announces Winners of 1.2 GW Rooftop Solar Auction

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has announced the 22 winners of its 1.2 GW rooftop solar auction to set up projects under the PM Surya Ghar: Muft Bijli Yojana. Kosol Energie, Rotoma...

November 17, 2025

Solar

Pace Digitek, Bondada Win MAHAGENCO’s 300 MW Solar EPC Auction

Pace Digitek and Bondada Engineering have won the Maharashtra State Power Generation Company’s (MAHAGENCO) engineering, procurement, and construction auction for 300 MW solar projects, securing 200 MW and 100 MW, respectively. The...

November 18, 2025

Latest News

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Telangana Electricity Regulator Issues Rooftop Solar Regulations 2025

The Telangana Electricity Regulatory Commission (TGERC) has issued the final regulations for grid-interactive rooftop solar, introducing a comprehensive framework governing metering for consumers in the state. The framework titled Telangana...

November 19, 2025

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CERC Affirms GST Rate Cut on Renewable Energy Equipment as Change in Law

The Central Electricity Regulatory Commission (CERC) has issued a suo motu order directing that monthly tariffs or charges must be adjusted or refunded from the date the Goods and Services Tax (GST) reduction event occurs, affirming that renewable...

November 19, 2025

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Hounen to Set Up 3 GW Solar Module Plant in South Carolina

Hounen Solar America will commence the construction of a 3 GW solar module manufacturing facility in South Carolina in 2026. Hounen said the facility, to be located in Summerville, will span 1,019,200 sq. ft and incorporate advanced automation,...

November 19, 2025

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NTPC Green Commissions 75.5 MW Capacity at Khavda-I Solar Project

NTPC Green Energy (NGEL) has commissioned 75.5 MW of the 1,255 MW Khavda-I Solar PV Project in Gujarat. The project is being executed under Phase II Tranche III of the Central Public Sector Undertaking (CPSU) program. With the commissioning of the...

November 19, 2025

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Tata Power Commissions 300 MW Solar Project for NHPC in Rajasthan

Tata Power Renewable Energy (TPREL) has commissioned a 300 MW solar power project for NHPC at Karnisar Bhatiyan in Bikaner, Rajasthan. The project comprises approximately 775,000 solar modules spread across the desert terrain, supported by precision...

November 19, 2025

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Daily News Wrap-Up: India’s Solar Installations Up 54% YoY in 9M 2025

India added a solar capacity of 26.6 GW in the first nine months (9M) of the calendar year 2025, an increase of 53.7% year-over-year from 17.3 GW, according to the newly released Q3 2025 India Solar Market Update Report by Mercom India Research....

November 19, 2025

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Funding and M&A Roundup: Sedgeley Solar Group Raises $60 Million

From: Mercom Capital Group Sedgeley Solar Group, a renewable energy platform that offers capex-free solar solutions for commercial and industrial clients, raised $60 million in equity funding. The funding was primarily provided by Inspired...

November 19, 2025

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Project Finance Brief: rPlus Acquires 900 MW of Solar and Storage Projects

From: Mercom Capital Group rPlus Energies, a U.S.-based renewable energy developer, announced the acquisition of two solar and storage projects in Ada County, Idaho. The projects, Blacks Creek Energy Center and Bluebird Solar, together represent a...

November 19, 2025

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JinkoSolar’s Q3 Revenue Drops 34% YoY Due to Lower Module Prices

China-based solar cell and module manufacturer JinkoSolar‘s revenue dipped 34.1% year-over-year (YoY) to RMB16.16 billion (~$2.27 billion) in the third quarter (Q3) of 2025, primarily due to a decline in the average selling price of solar...

November 19, 2025

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Spain Announces €2 Billion Funding Package for Energy Transition

The Ministry for Ecological Transition and the Demographic Challenge (MITECO) has announced a new €2 billion (~$2.3 billion) aid package aimed at strengthening the industrial value chain and promoting the energy transition. Eligible projects...

November 18, 2025

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