Mercom Research Focus
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Solar’s Share in India’s Renewable Capacity Climbs to 56.4% in Q2 2026

Solar continued to dominate India’s renewable energy landscape. Installed solar capacity reached 163.7 GW, accounting for 29.7% of the country’s total power capacity and 56.4% of its renewable energy capacity. The addi...

July 27, 2026

Rooftop

SECI Announces Winners of 4.4 MW Rooftop Solar Project Auction

The Solar Energy Corporation of India (SECI) has announced the winners of its auction to set up 4.455 MW of grid-connected rooftop solar projects (Tranche IX) across India under the renewable energy service company model. The tend...

July 24, 2026

Mercom Research Focus

Could US FEOC Rules Create New Export Opportunities for Indian Solar Manufacturers?

With the U.S. beginning to enforce the Foreign Entity of Concern (FEOC) rules and global buyers accelerating China+1 sourcing strategies, Indian solar module manufacturers are positioning themselves to capture new export opportuni...

July 24, 2026

Markets & Policy

Open Access Will Drive Large-Scale C&I Renewable Adoption: Interview

India added 2.7 GW of solar open access capacity in the first quarter of 2026, up 55% quarter-over-quarter, according to the Q1 Mercom India Solar Open Access Market Report. The growth was supported by favorable policies, growing ...

July 24, 2026

Latest News

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Kerala Regulator Approves KSEB’s 200 MW Solar Plus 400 MWh Storage Procurement

The Kerala State Electricity Regulatory Commission (KSERC) has approved the power sale agreement (PSA) signed between Kerala State Electricity Board (KSEB) and the Solar Energy Corporation of India (SECI) for procuring 200 MW of solar power coupled...

July 28, 2026

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Emerge Renewables Begins Commissioning 300 Ton Solar Glass Plant

Emerge Renewables has announced the successful furnace light-up of its 300 metric tons-per-day solar glass manufacturing facility in the Keshwana Industrial Area in Kotputli-Behror, Rajasthan. The facility can produce 2.5 GW of solar glass annually,...

July 28, 2026

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Nadara Secures $1.4 Billion Refinancing for 1.5 GW Renewable Portfolio

Nadara, an independent power producer, has closed a pan-European refinancing valued at approximately €1.2 billion (~$1.4 billion) for a 1.5 GW portfolio of operating wind and solar assets. The transaction covers 47 renewable energy projects in Italy,...

July 28, 2026

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MES Floats Maintenance Tender for 1 MW Solar Project in Manipur

The Military Engineer Services (MES) has invited bids for the repair and maintenance of a 1 MW solar power project at Leimakhong Military Station in Manipur. The estimated contract value is ₹2 million (~$20,840). The last day to submit bids is...

July 28, 2026

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Uttarakhand Rejects Plea on Benchmark Charge for 250 MWh Energy Storage Tender

The Uttarakhand Electricity Regulatory Commission (UERC) rejected Uttarakhand Power Corporation’s (UPCL) petition seeking approval to apply an earlier benchmark capacity charge to its 100 MW/250 MWh battery energy storage procurement. The Commission...

July 28, 2026

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Suzlon’s Q1 Revenue Rises 23% YoY Over Record First Quarter Deliveries

Wind turbine manufacturer Suzlon Energy reported revenue of ₹38.19 billion (~$397.94 million) in the first quarter (Q1) of the financial year (FY) 2027, a 22.5% year-over-year increase from ₹31.17 billion (~$324.79 million) in the prior quarter....

July 28, 2026

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AKME Fintrade Launches Platform for EV and Renewable Energy Financing

AKME Fintrade (India), a Reserve Bank of India-regulated non-banking financial company, has partnered with Finayo to launch AKME GreenX, a green finance platform supporting electric mobility and renewable energy financing. Under the partnership, the...

July 28, 2026

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ENGIE Achieves Financial Closure for 250 MW Khaba Solar Project

Energy solutions provider ENGIE India has secured approximately ₹9.82 billion (~$102.29 million) in financing for its 250 MW Khaba Solar Project in Barmer, Rajasthan. The project is being developed through Khaba Renewable Energy Private, a wholly...

July 28, 2026

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Terra Clean Floats Land Aggregation Tender for 350 MW Solar Project

Terra Clean (TeCL), a wholly owned subsidiary of Indian Oil Corporation, has invited bids to aggregate land for a 350 MW interstate transmission system (ISTS) connected solar power project. The land must be in the vicinity of the Krishnagiri...

July 28, 2026

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