Mercom Research Focus
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Energy Banking Curbs, New ToD Tariffs Slow Maharashtra’s Solar Open Access Market

India’s cumulative solar open access capacity reached 27.9 GW in September 2025, with Maharashtra contributing about 17%, the second-largest share after Karnataka, according to Mercom’s Q3 2025 Solar Open Access Market...

December 10, 2025

Mercom Research Focus

India’s Solar Exports Up 65% in Q3 2025, Imports Down 15.1%

India exported solar cells and modules worth over $344.5 million (~₹30 billion) in the third quarter (Q3) of 2025, a 65.2% year-over-year (YoY) increase from $208.5 million (~₹17.46 billion), according to data from the Department ...

December 8, 2025

Floating Solar

Kunamneni Wins NTPC’s EPC Auction for 92 MW Floating Solar Project

Kunamneni Technologies has won the order to provide comprehensive operations and maintenance (O&M) of a 92 MW floating solar project at NTPC Kayamkulam, Kerala, for three years, and a 5 MW ground-mounted solar project at Sri V...

December 9, 2025

C&I

Clean Energy Solutions for C&I Sector Take Center Stage at Nagpur

Commercial and industrial (C&I) businesses account for a large share of India’s energy demand. The cost of grid power charged by the distribution companies has been rising due to higher power purchase costs. This has pushed se...

December 9, 2025

Latest News

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Daily News Wrap-Up: APM Projects Bags MES’ 1 MW Solar EPC Auction

APM Projects won the Military Engineer Service’s engineering, procurement, and construction (EPC) auction to set up a 1 MW grid-connected solar project at Air Force Station Suratgarh, Rajasthan. The contract is valued at ₹67.4 million (~$760,113)....

December 10, 2025

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Project Finance Brief: Earthrise Energy Secures $360M for Solar Portfolio

From: Mercom Capital Group Earthrise Energy, an independent renewable energy power producer, announced the closing of a $360 million financing package to support the continued development of the company’s co-located solar project portfolio. The...

December 10, 2025

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Funding and M&A Roundup: Vulcan Energy Secures $290 Million

From: Mercom Capital Group Vulcan Energy, a material exploration company specializing in lithium production, has secured €250 million (~$290 million) in financing from the European Investment Bank (EIB). The funding will be used to develop its €2...

December 10, 2025

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GIMS, Schnell Win NVVN’s 3.45 MW Rooftop Solar Auction

GIMS Energy and Schnell Energy Equipment have won NTPC Vidyut Vyapar Nigam’s (NVVN) auction to set up 3.45 MW of rooftop solar projects across three districts of the Andaman and Nicobar Islands. GIMS Energy won 2.1 MW, and Schnell Energy...

December 10, 2025

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Inox GFL Secures $50 Million Funding from International Finance Corporation

GFCL EV Products, a subsidiary of Gujarat Fluorochemicals (GFL), has secured an investment of ~$50 million (~₹4.5 billion) from the International Finance Corporation (IFC) to develop an integrated battery material facility. The funding is being...

December 9, 2025

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APM Projects Wins MES’ 1 MW Solar EPC Contract

APM Projects has won the Military Engineer Service’s (MES) engineering, procurement, and construction (EPC) auction to set up a 1 MW grid-connected solar project at Air Force Station Suratgarh, Rajasthan. The contract is valued at ₹67.4 million...

December 9, 2025

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IISER Bhopal Invites Bids from Shortlisted Parties for 2 MW Solar Project

Indian Institute of Science Education and Research (IISER) Bhopal has issued an engineering, procurement, and construction tender to set up a 2 MW solar project on its premises on a turnkey basis. Only bidders shortlisted under the tender issued on...

December 9, 2025

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Bihar Regulator Approves Procurement of 144 MW Solar Power Under KUSUM

The Bihar Electricity Regulatory Commission (BERC) has approved the proposal of the Bihar State Power Generation Company (BSPGCL) and Bihar State Power Holding Company (BSPHCL) to procure 144.27 MW of solar power, under the PM-KUSUM Component-C...

December 9, 2025

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