Mercom Research Focus
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Solar Tender and Auction Activity Slumps in 2025

In 2025, tender announcements for utility-scale solar projects declined to nearly 44 GW, down 45% from 2024, according to Mercom India Research. During the year, around 20 GW of projects were auctioned, a 57% decline compared to 2...

January 23, 2026

Mercom Research Focus

Corporate Solar Funding Down 16% YoY in 2025; Deal Count Rises, M&A Robust

The total global corporate solar funding dropped by 16% year-over-year (YoY) with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024, according to Mercom Capital Group’s newly released 2025 Annual an...

January 22, 2026

Mercom Research Focus

India Records Highest-Ever Wind Capacity Additions at 6.3 GW in 2025

India added 6.3 GW of wind power capacity in 2025, an 85.2% YoY increase from 3.4 GW in 2024, according to Mercom India Research. The additions marked the highest annual wind installations recorded in the country. India’s wind pow...

January 22, 2026

C&I

C&I Power Procurement Shifts to Open Access and Rooftop Solar Amid Rising Tariffs

Rising electricity tariffs and evolving regulations are pushing India’s commercial and industrial (C&I) consumers to rethink how they procure power. Businesses are increasingly turning to renewable energy sources to meet their...

January 23, 2026

Latest News

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Gujarat Regulator Revises Commissioning Timelines for Renewable Energy Projects

The Gujarat Electricity Regulatory Commission (GERC) has allowed petitions filed by Gujarat Energy Transmission Corporation (GETCO) seeking amendments to the state’s wind, solar, and wind–solar hybrid tariff orders, 2024, granting significant relief...

January 23, 2026

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GWEC: Asia-Pacific to Lead as Global Wind Capacity Heads Toward 2 TW by 2030

Asia-Pacific continues to drive global wind growth, led by China and India, as worldwide wind capacity is expected to surpass 2 TW by 2030, according to the Global Wind Energy Council’s (GWEC) Global Wind Market Outlook Q3 2025 Update. GWEC Market...

January 23, 2026

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Daily News Wrap-Up: Global Corporate Solar Funding Fell 16% YoY in 2025

The total global corporate solar funding dropped by 16% year-over-year (YoY) with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024, according to Mercom Capital Group’s newly released 2025 Annual and Q4 Solar Funding...

January 23, 2026

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Antimony Chalcogenide Solar Cell Efficiency Hits a New High of 10.7%

Researchers at the University of New South Wales (UNSW) Sydney have set a world record efficiency for solar cells based on antimony chalcogenide, achieving a certified power conversion efficiency of 10.7%, according to a study published in Nature...

January 23, 2026

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POWERGRID Invites Bids to Select Partner for 1.5 GWh BESS in Tamil Nadu

Power Grid Corporation of India (POWERGRID) has invited bids to set up 375 MW/1,500 MWh standalone battery energy storage systems (BESS) in seven locations in Tamil Nadu. The last date to submit bids is January 28, 2026. Bids will be opened on the...

January 22, 2026

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CIE India to Procure Power from Two Captive Solar Projects of 8.3 MW

Pune-based CIE Automotive India will procure power from two captive solar projects with a cumulative capacity of 8.3 MW being developed by AMPIN Energy in Maharashtra for its manufacturing facilities at Chhatrapati Sambhaji Nagar and Pune. The...

January 22, 2026

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Higher Solar Module Sales Boost Waaree Energies’ Revenue in Q3 FY 2026

Solar module manufacturer Waaree Energies’ revenue from operations for the third quarter (Q3) of FY 2026 rose 118.8% year-over-year (YoY) to ₹75.65 billion (~$826.77 million) from ₹34.57 billion (~$377.84 million). The company attributed the revenue...

January 22, 2026

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GreenCell Mobility Secures $89 Million Funding Led by BII, IFC, and Tata Capital

Eversource Capital’s green mobility arm, GreenCell Mobility, has raised $89 million in a mezzanine financing round led by British International Investment (BII), IFC, and Tata Capital to accelerate the deployment of zero-emission public transport in...

January 22, 2026

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