Mercom Research Focus
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51% of India’s Installed Renewable Capacity was Solar by Q3 2025

Solar power accounted for 25.1% of India’s total installed power capacity and 51% of the total installed renewable capacity as of September 2025. The solar capacity installed increased by 7.5% quarter-over-quarter (QoQ) and 37.5% ...

November 7, 2025

Solar

WAPCOS, Power and Energy Consultants Win RUVNL’s Solar Consultancy Auction

WAPCOS and Power and Energy Consultants India have won Rajasthan Rajya Vidyut Utpadan Nigam’s (RVUNL) auction for consultancy services for preparing feasibility-cum- detailed project reports (DPR) for developing solar parks. The t...

November 12, 2025

Rooftop

APM Projects Wins MES’ 2 MW Rooftop Solar EPC Auction

APM Projects has won the Military Engineer Service’s (MES) 2.25 MW engineering, procurement, and construction (EPC) auction to set up rooftop solar systems at various buildings in Air Force stations in Haryana, Uttar Pradesh, and ...

November 10, 2025

Other

Mercom Renewables Summit Returns for its Sixth Edition in July 2026

Mercom India’s flagship Renewables Summit returns for its sixth edition on July 9–10, 2026, at the Hyatt Regency in New Delhi, reaffirming its premier position in the country’s clean energy events calendar. Each year, the Summit c...

November 11, 2025

Latest News

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Torrent Power’s Revenue Up 10% in Q2 FY 2026 on Higher Merchant Power Sales

Gujarat-based Torrent Power‘s revenue from operations increased 10% year-over-year (YoY) to ₹78.76 billion (~$888.76 million) in the second quarter (Q2) of the financial year (FY) 2026. Its earnings before interest, tax, depreciation, and...

November 12, 2025

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Daily News Wrap-Up: Mercom India to Host Sixth Edition of Renewables Summit

Mercom India’s flagship Renewables Summit returns for its sixth edition on July 9–10, 2026, at the Hyatt Regency in New Delhi, reaffirming its premier position in the country’s clean energy events calendar. Each year, the Summit convenes...

November 12, 2025

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India’s First 3 MWh Vanadium Flow Battery Project Commissioned at NTPC NETRA

India’s first MWh-scale Vanadium Redox Flow Battery (VRFB) project has been commissioned by NTPC at its research and development center, the NTPC Energy Technology Research Alliance (NETRA), in Greater Noida. The project, inaugurated by Union...

November 12, 2025

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Eos Energy Posts Record Revenue in Q3, But Loss Widens

U.S.-based energy storage solutions provider Eos Energy Enterprises reported a record revenue of $30.51 million in the third quarter (Q3) of 2025, a 3,500% year-over-year (YoY) increase from $854,000. The revenue reported in the quarter was the...

November 12, 2025

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Funding and M&A Roundup: Quino Energy Raises $10 Million

From: Mercom Capital Group Quino Energy, a company developing water-based organic flow batteries, raised $10 million in Series A funding from Atri Energy Transition, a company focused on the deployment of Long Duration Energy Storage. The funding...

November 12, 2025

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Project Finance Brief: BOOM Power Sells 110 MW of Two Solar Projects

From: Mercom Capital Group BOOM Power, a solar and battery storage project developer, has completed the sale of two solar projects totaling 110 MW in the U.K. to Enray Power, a solar and storage project developer. The sale includes Firsfield Solar,...

November 12, 2025

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NTPC Green Energy Issues Debentures Worth ₹15 Billion

NTPC Green Energy (NGEL), a wholly owned subsidiary of NTPC, has issued unsecured non-convertible debentures of ₹15 billion (~$169.47 million) through private placement at a coupon of 7.01% per annum for a 10-year and one-day tenor, maturing on...

November 11, 2025

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Vikran Engineering Bags EPC Contract for 505 MW Solar Projects in Maharashtra

Maharashtra-based Vikran Engineering has received a letter of award (LoA) worth ₹16.4 billion (~$185.32 million) from Carbonminus Maharashtra One for the engineering, procurement and construction (EPC) of 505 MW ground-mounted solar projects in...

November 11, 2025

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KEL Invites Bids for 137 MW Solar Projects in Andhra Pradesh

Kerala Electrical and Allied Engineering Company (KEL) has issued a tender to set up 137 MW of rooftop or ground-mounted, grid-connected solar projects at government buildings across Andhra Pradesh. The solar systems will range from 1 kW to 5 MW....

November 11, 2025

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