Mercom Research Focus
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Q4 Sees Solar Open Access Slowdown in Karnataka, Rajasthan, UP

India’s solar open access market witnessed a slowdown in the fourth quarter (Q4) of 2025, with regulatory changes, tariff structuring, and grid constraints affecting project development and the pace of commissioning in major marke...

March 10, 2026

Mercom Research Focus

India’s Solar Imports Up 34% in Q4 2025, Exports Down 70% QoQ

India imported solar cells and modules worth over $1.12 billion (~₹100.2 billion) in the fourth quarter (Q4) of 2025, a 55.6% year-over-year (YoY) increase from $723.4 million (~₹61.1 billion), according to data from the Departmen...

March 9, 2026

Mercom Research Focus

Execution Risks Loom for Indian Battery Storage Developers as Tariffs Drop Sharply

India’s standalone battery energy storage system (BESS) tenders and storage-linked renewable energy auctions have seen bid prices fall sharply, intensifying concerns over whether projects can be executed and, if so, whether they c...

March 9, 2026

C&I

C&I Consumers a Key Driver of India’s Renewable Growth

India’s commercial and industrial (C&I) consumers have emerged as one of the most important drivers of renewable energy adoption in the country. As companies seek to manage rising electricity costs, improve energy security, an...

March 10, 2026

Latest News

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PM KUSUM 2.0 to Have 10 GW Agrivoltaics Component: Pralhad Joshi

The second phase of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) will include a 10 GW agrivoltaics component to promote the colocation of solar panels with crops. According to Minister for New and Renewable Energy...

March 11, 2026

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Rajasthan Proposes Amending Renewable Purchase Obligation Rules

The Rajasthan Electricity Regulatory Commission (RERC) has issued draft amendments to its Renewable Purchase Obligation (RPO) Regulations, 2023, proposing changes to align the state’s framework with recent central government notifications under the...

March 11, 2026

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GREW Solar Bags Solar Module Supply Order Worth ₹5 Billion

Gujarat-based GREW Solar has secured a repeat order worth approximately ₹5 billion from a domestic independent power producer for the supply of M10R TOPCon solar modules. These high-efficiency modules will be deployed across several upcoming...

March 11, 2026

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Punjab Regulator Rejects Utility’s Move to Procure 2,200 MW Solar Power

The Punjab State Electricity Regulatory Commission (PSERC) has rejected Punjab State Power Corporation’s (PSPCL) plea to procure power from 2,200 MW of interstate transmission system (ISTS)-connected solar projects since its landed cost would be...

March 11, 2026

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Daily News Wrap-Up: India’s Solar Open Access Market Declined in Q4 2025

India’s solar open access market witnessed a slowdown in the fourth quarter (Q4) of 2025, with regulatory changes, tariff structuring, and grid constraints affecting project development and the pace of commissioning in major markets. According to...

March 11, 2026

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SECI Invites Bids for Supply of Power from 1 GW RTC-TM Projects

The Solar Energy Corporation of India (SECI) has invited bids to supply 1 GW of round-the-clock thermal mimic (RTC-TM) power from interstate transmission system (ISTS)-connected renewable energy projects for 25 years. The last date to submit bids is...

March 11, 2026

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Project Finance Brief: Origis Secures $545 Million Solar Project Portfolio

From: Mercom Capital Group Origis Energy, a renewable energy platform, reached financial close on an approximately $545 million senior secured project financing with Natixis Corporate & Investment Banking and Santander Corporate & Investment...

March 11, 2026

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Punjab Invites Bids for 500 MW/1,000 MWh Standalone Battery Storage Systems

Punjab State Power Corporation (PSPCL) has invited bids to set up 500 MW/1,000 MWh battery energy storage systems in Mohali and Jalandhar. The last date to submit bids is April 10, 2026. Bids will be opened on April 16. Bidders must submit ₹471,000...

March 11, 2026

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Waaree Secures EPC Order for 300 MW Solar Project

Waaree Renewable Technologies (WRTL), the engineering, procurement, and construction (EPC) arm of the Waaree Group, has won an EPC contract to execute a 300 MW ground-mounted solar project for an unnamed Indian entity. WRTL will complete the solar...

March 11, 2026

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Funding and M&A Roundup: Solar Module Manufacturer HELIUP Raises $19 Million

From: Mercom Capital Group HELIUP, a solar module manufacturer for large rooftops of commercial and industrial buildings, closed a €16 million (~$19 million) funding round. Supernova Invest led the funding round. Supernova Invest led the funding...

March 11, 2026

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