Mercom Research Focus
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51% of India’s Installed Renewable Capacity was Solar by Q3 2025

Solar power accounted for 25.1% of India’s total installed power capacity and 51% of the total installed renewable capacity as of September 2025. The solar capacity installed increased by 7.5% quarter-over-quarter (QoQ) and 37.5% ...

November 7, 2025

Markets & Policy

Government to Cancel REIA-Awarded Projects Without PPA-PSA Prospects

The government has directed renewable energy implementing agencies (REIAs) to close all legacy bids and cancel the letters of award for all renewable energy projects for which power purchase and power sale agreements (PPAS/PSAs) a...

November 10, 2025

Rooftop

APM Projects Wins MES’ 2 MW Rooftop Solar EPC Auction

APM Projects has won the Military Engineer Service’s (MES) 2.25 MW engineering, procurement, and construction (EPC) auction to set up rooftop solar systems at various buildings in Air Force stations in Haryana, Uttar Pradesh, and ...

November 10, 2025

Solar

Almighty Green Wins SECI’s O&M Auction for 10 MW Solar Project in Rajasthan

Almighty Green Energy has won Solar Energy Corporation of India’s (SECI) auction for the operation and maintenance (O&M) of its 10 MW ground-mounted solar power project at Badi Sid, Rajasthan. The total award value for the con...

November 7, 2025

Latest News

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NTPC Floats Tender for O&M of 4 MW Solar Projects in Noida

NTPC has invited bids for the operation and maintenance (O&M) of 4 MW ground-mounted solar projects, each with a 1.25 MWh battery energy storage system, for two years at the NTPC Energy Technology Research Alliance (NETRA) buildings in Noida,...

November 10, 2025

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Gujarat Reaffirms Retrospective Tariff Framework for Wind Power Projects

The Gujarat Electricity Regulatory Commission (GERC) has reaffirmed its tariff framework for the procurement of power by distribution licensees and others from wind projects from June 6, 2022, to March 31, 2027. The decision follows the Appellate...

November 10, 2025

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Philippines Awards 10 GW of Renewable Energy Capacity in GEA-4 Auction

The Philippines’ Department of Energy (DOE) has awarded 10,195.49 MW of renewable energy capacity to 123 bidders in the fourth round of its Green Energy Auction Program (GEA-4). DOE released the Terms of Reference for GEA-4 in March this year. The...

November 10, 2025

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GSK Pharma to Procure Power from CleanMax’s 4.95 MW Solar Project

GlaxoSmithKline Pharmaceuticals (GSK) has announced it will source power from a 4.95 MW solar project of Clean Max Galapagos, a special purpose vehicle (SPV) of CleanMax, in Maharashtra. GSK has approved an investment of ₹17.4 million (~$196,233.21)...

November 10, 2025

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ReNew Secures $331 Million from ADB for Hybrid Renewable Energy Project

Decarbonization solutions company ReNew Energy Global (ReNew) has secured $331 million in debt funding from the Asian Development Bank (ADB) to support the development of a large-scale clean energy project in Andhra Pradesh. ReNew said the Andhra...

November 10, 2025

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Rajasthan Launches Plug-and-Play 2.45 GW Solar Park with 5 GWh BESS in Pugal

The Rajasthan Renewable Energy Corporation (RREC) has announced a plug-and-play solar park for 2,450 MW solar and 5,000 MWh battery energy storage system (BESS) projects in Pugal, Rajasthan. The solar park is expected to be commissioned in 2028.  It...

November 10, 2025

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Saatvik Green Revenue Up 61.6% in Q2 on Sustained Solar Module Demand

Haryana-based solar module manufacturer Saatvik Green Energy’s revenue rose 61.6% year-over-year (YoY) to ₹7.68 billion (~$86.62 million) in the second quarter (Q2) of the financial year (FY) 2026, from ₹4.75 billion (~$53.60 million). Earnings...

November 10, 2025

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EU Lawmakers Want Chinese Solar Inverters Restricted on Security Concerns

Over 30 members of the European Parliament have urged the European Commission to take immediate action to restrict access of Chinese inverters to the European electricity grid. In a letter addressed to the Commission’s Executive Vice President and...

November 10, 2025

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