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SECI Announces Winners of 1,500 MW/12,000 MWh of Pumped Storage Auction

Solar Energy Corporation of India (SECI) has announced the winners of its auction to set up 1,500 MW/12,000 MWh of pumped-storage projects (PSP) for on-demand usage under the PSP-I program. Greenko Energies secured 720 MW, quoting...

July 20, 2026

Markets & Policy

MNRE Extends ALMM Cell Exemption for Net Metering, Open Access Solar Projects

The Ministry of New and Renewable Energy (MNRE) has extended the exemption from the Approved List of Models and Manufacturers (ALMM) List II requirement for solar cells for net metering and open access renewable energy projects co...

July 18, 2026

Mercom Research Focus

India’s Energy Storage Pipeline Hits 25% of 2032 Requirement

India’s energy storage pipeline has crossed 110 GWh across the under-development and pre-construction stages, according to data from the Mercom India Renewable Energy Project Tracker. The pipeline includes battery energy st...

July 16, 2026

Markets & Policy

MNRE to Fund Pilot Line for Perovskite Photovoltaic Manufacturing

The Ministry of New and Renewable Energy (MNRE) has approved the continuation of its Renewable Energy Research and Technology Development (RE-RTD) program from the financial year (FY) 2027 through FY 2031, with a total outlay of ₹...

July 21, 2026

Latest News

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Rooftop Solar Gives Packaging Company Uflex a Cost-Cutting Edge

For manufacturing industries with continuous and energy-intensive operations, rooftop solar can reduce electricity costs during daylight hours, when production demand is typically high. Generating power close to the point of consumption reduces...

July 22, 2026

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MERC Clears Tariff for Adani Electricity’s 750 MW Renewable Power Procurement

The Maharashtra Electricity Regulatory Commission (MERC) has adopted a weighted-average levelized tariff of ₹6.38 (~$0.066)/kWh for procuring 750 MW of round-the-clock (RTC) power from grid-connected renewable energy projects, complemented by power...

July 22, 2026

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Daily News Wrap-Up: MNRE to Fund Perovskite Solar Manufacturing Pilot Line

The Ministry of New and Renewable Energy (MNRE) approved the continuation of its Renewable Energy Research and Technology Development program from the financial year (FY) 2027 through FY 2031, with a total outlay of ₹4.37 billion (~$45.3 million)....

July 22, 2026

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Clean Energy Meets Key to Expanding Market Access and Industry Connect

In the calendar year 2025, 119 GW of solar modules and over 9 GW of solar cell manufacturing capacity were added in the country, according to Mercom India’s State of Solar PV Manufacturing in India 2026 report. Buoyed by large utility-scale project...

July 22, 2026

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Project Finance Brief: Fidra Secures $312 Million for Energy Storage Project

From: Mercom Capital Group Fidra Energy, a U.K.-based battery energy storage project developer, has reached financial close on its 500 MW/1.1 GWh West Burton C battery storage project in Nottinghamshire, England. EIG and the National Wealth Fund...

July 22, 2026

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India’s AC Efficiency Norms Improve but Lag Behind World Leader Japan

Global markets for air conditioners have expanded rapidly in recent years. Annual AC unit shipments are now 25% higher than they were five years ago, driven largely by growth in emerging and developing economies, according to the International...

July 22, 2026

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Funding and M&A Roundup: PureSky Closes $62 Million Credit Financing

From: Mercom Capital Group PureSky Energy, a Denver-based developer, owner, and operator of community solar, commercial and industrial solar, and energy storage projects, has closed a $62 million upsizing of its corporate credit facility arranged by...

July 22, 2026

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MENA Weekly Round-Up: Oman Tenders 1 GW of Solar Projects

Oman’s Nama Power and Water Procurement Company invited bids to procure electricity from solar projects totaling 1,000 MW. The projects must be commissioned by the second quarter of 2030. The deadline for bid submissions is August 26, 2026. Bidders...

July 21, 2026

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Silver Demand Forecast to Drop 19% in 2026 on Lower Solar Cell Loadings

Global silver demand from the photovoltaic sector is expected to decline by 19% year-over-year (YoY) to 151 million ounces in 2026. According to the World Silver Survey 2026 published by the Silver Institute, the decline follows a 6% drop in 2025,...

July 21, 2026

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Midwest Energy Starts Production at 1.2 GWh Battery Storage Plant

Midwest Energy, the technology and clean energy arm of Hyderabad-based Midwest Business House, has commenced commercial production at its 1.2 GWh battery energy storage manufacturing facility in Bengaluru. The battery energy storage manufacturing...

July 21, 2026

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