Mercom Research Focus
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India Added 6.1 GW of Solar Open Access Capacity in 9M 2025

India added 6.1 GW of solar open access capacity in the first nine months (9M) of 2025, increasing over 13% year-over-year (YoY) from 5.4 GW, according to Mercom India’s Q3 2025 Solar Open Access Market Report. The installation gr...

December 2, 2025

Mercom Research Focus

Q3 2025 Sees Cost Drop in Large-Scale Solar Systems Across Module Types

The average system cost of large-scale solar projects remained low in the third quarter of 2025, with cost reductions seen across all module technologies. Projects using Indian TOPCon modules were the premium option in terms of co...

November 27, 2025

Energy Storage

Uttarakhand Includes BESS in Renewable Energy Tariff Regulations

The Uttarakhand Electricity Regulatory Commission (UERC) has issued the second amendment to UERC (Tariff and Other Terms for Supply of Electricity from Renewable Energy Sources and non-fossil fuel based Co-generating Stations) Reg...

December 1, 2025

Markets & Policy

PM-KUSUM a Turning Point for Solar Irrigation: Interview

As India accelerates its shift toward renewable energy-powered agriculture, solar pumps are emerging as a key lifeline for farmers seeking dependable irrigation solutions without the burden of rising energy costs. Despite the grow...

December 2, 2025

Latest News

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DERC Approves BSES Yamuna’s 500 MW Solar Power Sale Agreement with SECI

The Delhi Electricity Regulatory Commission (DERC) has approved the power sale agreement (PSA) between BSES Yamuna Power (BYPL) and Solar Energy Corporation of India (SECI) for the procurement of 500 MW solar projects with a 250 MW/1,000 MWh energy...

December 3, 2025

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KPI Green Bags EPC Contract for 110 MW Floating Solar Project in Gujarat

Surat-based renewable energy solutions provider KPI Green Energy has received a work order from Gujarat State Electricity Corporation (GSECL) for the engineering, procurement, and construction (EPC) of a 110 MW floating solar project at the Kadana...

December 3, 2025

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IndiGrid to Acquire ISTS Asset from ReNew to Evacuate 2.5 GW Solar Energy

Power transmission and renewable energy company IndiGrid has executed definitive agreements to acquire Gadag Transmission (GLT), an interstate transmission system (ISTS) project in Karnataka, for ₹3.72 billion (~$41.36 million). The project is...

December 3, 2025

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NVVN Invites Bids for 125 MW/500 MWh Storage Project in Chhattisgarh

NTPC Vidyut Vyapar Nigam (NVVN) has issued a request for selection for battery energy storage system (BESS) developers to establish a 125 MW/500 MWh standalone BESS project in Chhattisgarh. The project must be set up near the 220 kV Khedamara...

December 3, 2025

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Funding and M&A Roundup: Residential Solar Company SunPower Acquires Ambia Solar

From: Mercom Capital Group SunPower, a solar technology, services, and installation company, completed the acquisition of Ambia Solar, a solar panel installation company based in Lindon, Utah. Both companies previously signed a non-binding letter of...

December 3, 2025

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Project Finance Brief: ACWA, Partners Secure Funding for 15 GW Renewable Projects

From: Mercom Capital Group ACWA Power, a developer, owner, and operator of power generation projects, along with the Water and Electricity Holding Company (Badeel), a wholly owned company of PIF, and Saudi Aramco Power Company, a wholly owned...

December 3, 2025

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CERC Proposes Tariff Rules for Energy Storage Linked to Thermal, ISTS

The Central Electricity Regulatory Commission (CERC) has released a draft second amendment to the Tariff Regulations, 2024, proposing a formal tariff framework for integrated energy storage systems (ESS) installed alongside coal, lignite, or...

December 2, 2025

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NLC India Floats Tender for 565.6 MWp Solar Modules for 810 MW Project

NLC India has invited bids for the manufacturing and supply of 565.6 MWp crystalline bifacial solar modules for an 810 MW solar project at the RVUN Solar Park in Pugal, Bikaner, Rajasthan. Bids must be submitted by January 1, 2026. Bids will be...

December 2, 2025

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CERC Backs Grid Connectivity Revocation for Inox’s 300 MW Wind Projects

The Central Electricity Regulatory Commission (CERC) has upheld Central Transmission Utility of India’s (CTUIL) decision to cancel transmission connectivity for Inox Green Energy Services’ 300 MW wind projects at Bhuj II pooling substation in...

December 2, 2025

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MENA Weekly Roundup: Saudi Raises $8.2 billion for 15 GW Solar, Wind Projects

A consortium comprising ACWA Power, Water and Electricity Holding Company, and Saudi Aramco Power Company achieved financial closure of $8.2 billion for seven large-scale renewable energy projects with a cumulative capacity of 15 GW. This capacity...

December 2, 2025

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