Mercom Research Focus
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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

Mercom Research Focus

DCR Module Shortage Derails Rooftop Solar Timelines Despite Strong Demand

Accounting for 18% of India’s total solar installations in Q1 2026, the rooftop solar segment has been a key growth driver in the country’s efforts to fast-track its clean energy transition. Spurred by ambitious government i...

July 30, 2026

Rooftop

Larger Capacity Rooftop Solar Systems Dominate PM Surya Ghar Installations

An overwhelming majority of rooftop solar systems installed under the PM Surya Ghar: Muft Bijli Yojana are above 3 kW, according to statistics furnished by the government in Parliament. Central Government subsidies for a 3-kW syst...

July 30, 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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Bihar Tenders 150 MW of Solar Plus 300 MWh of Energy Storage Projects

Bihar State Power Generation Company (BSPGCL) has issued a tender to set up 150 MW of solar projects integrated with 75 MW/300 MWh of energy storage systems across the state. Bids must be submitted by August 21, 2026. Bids will be opened on the same...

August 3, 2026

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CleanMax’s Q1 Revenue Doubles as Renewable Energy Services Business Surges

Clean energy solutions provider Clean Max Enviro Energy Solutions (CleanMax) reported  revenue from operations of ₹8.32 billion (~$87.21 million) in the first quarter (Q1) of the financial year (FY) 2027, a 107% year-over-year (YoY) jump from ₹₹4.02...

August 3, 2026

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SJVN’s Q1 FY27 Revenue Jumps 52% YoY; Higher Costs Pull Profits Down

Government-owned power generation company SJVN clocked a consolidated revenue from operations of ₹13.94 billion (~$146.2 million) in the first quarter (Q1) of the financial year (FY) 2027, a 52% year-over-year (YoY) increase from ₹9.17 billion (~$96....

August 3, 2026

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Brookfield Launches $600 Million Lumara Renewable Energy Platform in India

Brookfield Asset Management has launched Lumara Energy, a renewable energy platform that plans to deploy approximately $600 million across an initial portfolio of more than 6 GW of solar, wind, and battery storage projects in India. The platform is...

August 3, 2026

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Coal India Tenders 750 MWh Battery Storage System in Telangana

Coal India has invited bids for the development of an 187.50MW/750 MWh battery energy storage system at Choutuppal, in Telangana, along with 15 years of comprehensive operation and maintenance. The scope of work includes design, engineering, supply,...

August 3, 2026

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Daily News Wrap-Up: Global Solar Funding Rises 56% YoY in First Half of 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 1H and Q2 2026 Solar...

August 3, 2026

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Zelestra Secures $181 Million Financing for Texas Solar Project

Zelestra, a renewable energy project developer, has secured $181 million in green project financing for its 136 MW Skull Creek solar project in Anderson County, Texas. Natixis Corporate and Investment Banking arranged the financing facility. Sybil...

August 3, 2026

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Bangladesh Invites Bids for 220 MW Sonagazi Solar Project

Electricity Generation Bangladesh has floated a global tender to develop a 220 MW solar project in Sonagazi, Feni district. Bidders must submit a bid security of $2.5 million and a bid document fee of BDT 36,000 (~$300). The project will be jointly...

August 3, 2026

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Rajasthan Regulator Rejects Plea to Exempt Captive Solar Projects from RPO

The Rajasthan Electricity Regulatory Commission (RERC) has dismissed petitions filed by two textile companies seeking exemption from Renewable Purchase Obligation (RPO) compliance for electricity generated and self-consumed from behind-the-meter...

August 3, 2026

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APTEL Quashes TNERC Order Rejecting Extension for 50 MW Solar Project

The Appellate Tribunal for Electricity (APTEL) has set aside an order of the Tamil Nadu Electricity Regulatory Commission (TNERC) that had refused to grant a project-specific extension of the commercial operation date (COD) to a 50 MW solar project....

July 31, 2026

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