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Solar Module Prices Set to Rise as Procurement Rush Builds Ahead of ALMM-II Deadline

Developers are accelerating project commissioning ahead of the December 31, 2026, Approved List of Models and Manufacturers (ALMM) List-II exemption deadline, tightening module supply and pushing up project costs. Industry executi...

August 14, 2026

Mercom Research Focus

India Adds Record 27 GW of Solar Capacity in First Half of 2026

India added a record 27 GW of solar capacity in the first half (1H) of the calendar year (CY) 2026, up 49% year-over-year (YoY) from 18 GW, according to Mercom India Research’s newly released Q2 and 1H 2026 India Solar Market Upda...

August 13, 2026

Mercom Research Focus

India’s Floating Solar Push Hinges on More Than Subsidies

India’s nascent floating solar market has struggled to scale amid high project costs, complex reservoir engineering, fragmented water-surface allocation, and limited technical standards. The ₹50.7 billion (~$530.20 million) Pradha...

August 13, 2026

Energy Storage

GUVNL Announces Winners of 450 MW/900 MWh Battery Storage Auction

Gujarat Urja Vikas Nigam (GUVNL) has announced the winners of the auction to set up 450 MW/900 MWh of battery energy storage systems in the state, with viability gap funding from the power system development fund (Phase-IX). NLC I...

August 12, 2026

Latest News

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Londian Wason Raises $94.3 Million in New York Stock Exchange IPO

Londian Wason, a manufacturer of electrolytic copper foil, has raised $94.3 million through its initial public offering. The company is listed on the New York Stock Exchange under the ticker symbol FOIL. Londian Wason said it is the only copper foil...

August 14, 2026

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Saatvik Green’s Q1 Revenue Falls 44% as Manufacturing Expansion Continues

Haryana-based solar module manufacturer Saatvik Green Energy has reported a revenue of ₹5.11 billion (~$53.56 million) in the first quarter (Q1) of the financial year (FY) 2027, a 44.2% year-over-year (YoY) decrease compared to ₹9.16 billion (~$96...

August 14, 2026

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PFC Consulting Invites Bids for Transmission System in Jammu & Kashmir

PFC Consulting has invited bids to establish an intrastate transmission system for the development of a 220/132 kV substation at Rajouri-II and Akhnoor-II in the Union Territory of Jammu and Kashmir. The last date to submit bids is October 16, 2026....

August 14, 2026

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Uttar Pradesh Adopts Tariffs for 31 MW Solar Projects Under KUSUM

Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved 14 power purchase agreements (PPAs) for 31 MW of solar projects under the feeder-level solarization program of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan...

August 14, 2026

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Fall in Battery Hardware Resales Pulls Stem’s Q2 Revenue Down 12% YoY

Energy storage company Stem’s revenue fell 12.3% year-over-year (YoY) to $33.65 million in the second quarter (Q2) of 2026 compared with $38.37 million, missing analysts’ estimates by $2.99 million. The company attributed the revenue decline to...

August 14, 2026

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Karnataka Floats Consultancy Tender for 2.5 GW Pumped Storage Project

The Karnataka Power Corporation (KPCL) has invited bids for consultancy services to prepare a detailed project report (DPR) for the 2,500 MW Varahi pumped storage project (PSP). Bids must be submitted by August 17, 2026. Bids will be opened on...

August 14, 2026

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UPERC Allows Solar Project Developers to Sign PPAs under Special Purpose Vehicles

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has allowed solar project developers to execute 20.2 MW of projects under Component C-2 of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) program through special...

August 14, 2026

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Daily News Wrap-Up: India Adds 27 GW of Solar in 1H 2026

India added a record 27 GW of solar capacity in the first half (1H) of the calendar year 2026, up 49% year-over-year (YoY) from 18 GW, according to Mercom India Research’s newly released Q2 and 1H 2026 India Solar Market Update. India installed...

August 14, 2026

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Rajasthan Floats Consultancy Tender for 45 MW Renewable Energy Projects

Rajasthan Renewable Energy Corporation (RRECL) has invited bids to select an agency to prepare detailed project reports (DPRs) for 45 MW of renewable energy projects in the state. The projects will have indicative capacities of 30 MW at Mathania in...

August 13, 2026

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