Mercom Research Focus
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Solar Tender and Auction Activity Declines in Q2 2026

Government agencies issued tenders for approximately 5.4 GW of solar capacity in the second quarter (Q2) of 2026, down 5.7% from 5.7 GW in the previous quarter and 21.5% lower than 6.8 GW in the same quarter last year. The decline...

August 4, 2026

Mercom Research Focus

Solar Corporate Funding Jumps 56% YoY to $16.9 Billion in 1H 2026

Global solar companies raised $16.9 billion in corporate funding during the first half (1H) of 2026, a 56% year-over-year (YoY) increase from $10.8 billion in the corresponding period of 2025, according to Mercom Capital Group’s 1...

July 31, 2026

Energy Storage

Storage, Engineering, and Service Become Distributed Solar’s Growth Drivers

India’s distributed solar and energy storage markets are expanding, driven by time-of-day (ToD) tariffs, evolving rooftop regulations, backup power requirements, peak-shaving applications, and falling lithium-ion battery prices. I...

August 4, 2026

Floating Solar

Cabinet Clears ₹50 Billion PM Surya Sarovar Floating Solar-Storage Program

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana, a ₹50.7 billion (~$530.20 million) program to develop 5 GW of floating solar projects with co-located energy storage systems across India. The program require...

July 31, 2026

Latest News

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SECI Seeks Carbon Dioxide Sources for Green Urea and Green Methanol

Solar Energy Corporation of India (SECI) has invited expressions of interest (EoIs) to identify carbon dioxide (CO₂) sources for green urea and RFNBO-compliant green methanol production in India. The EoI is divided into two parts: Part 1 covers...

August 5, 2026

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Solar, Battery Storage Demand Push Shoals’ Revenue Up 47% YoY in Q2 2026

Shoals Technologies Group, a manufacturer of electrical infrastructure solutions for utility-scale solar, battery storage, and data center power systems, posted revenue of $163.4 million in the second quarter (Q2) of 2026, up 47.4% year-over-year...

August 5, 2026

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US Ends TOPCon Patent Probe Against Trina, Philadelphia Solar

The U.S. International Trade Commission (USITC) has terminated its investigation against Philadelphia Solar USA and Trina Solar after First Solar withdrew its complaint alleging infringement of its U.S. patent claims related to TOPCon solar cells,...

August 5, 2026

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Daily News Wrap-Up: Solar Tender and Auction Activity Drops in Q2

Government agencies issued tenders for approximately 5.4 GW of solar capacity in the second quarter (Q2) of 2026, down 5.7% from 5.7 GW in the previous quarter and 21.5% lower than 6.8 GW in the same quarter last year. The decline in standalone...

August 5, 2026

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Uttarakhand Invites Bids for 90 MW/225 MWh Battery Storage Project

UJVN has invited bids to develop a 90 MW/225 MWh battery energy storage system (BESS) in Uttarakhand. The BESS will be located near the 132 kV Chilla hydropower substation in Pauri Garhwal. The estimated project cost is ₹3.52 billion (~$36.99...

August 5, 2026

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Project Finance Brief: Avantus Closes $1 Billion to Expand Project Portfolio

From: Mercom Capital Group Avantus, a U.S. developer, owner, and operator of utility-scale solar and energy storage projects, has closed a $1.05 billion corporate credit facility to support the expansion of its renewable energy portfolio. The new...

August 5, 2026

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Funding and M&A Roundup: Base Power Raises $1 Billion in Funding Round

From: Mercom Capital Group Base Power, a distributed energy storage solutions provider, has raised $1 billion in Series D financing at a post-money valuation of $13 billion and started producing Base Core, the company’s new residential battery, at...

August 5, 2026

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NTPC Floats O&M Tender for 25 MW Floating Solar Project

NTPC has issued a tender for two years of comprehensive operation and maintenance (O&M) for the 25 MW floating solar project at NTPC Simhadri in Andhra Pradesh. Bids must be submitted by August 24, 2026. Bids will be opened on the same day....

August 4, 2026

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MNRE Clarifies ALMM List II Rules for Solar Cell Compliance

The Ministry of New and Renewable Energy (MNRE) has clarified the applicability of the Approved List of Models and Manufacturers (ALMM) List II for solar cells across multiple categories of solar projects. The clarification covers projects awarded...

August 4, 2026

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IEX’s Electricity Trading Volume Rises 7.7% YoY in July

The Indian Energy Exchange (IEX) traded 13,527 million units (MU) of electricity in July 2026, a 7.7% year-over-year (YoY) increase. According to government data, India’s energy consumption reached 170.70 billion units (BU) in July 2026, up 10....

August 4, 2026

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