Mercom Research Focus
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India’s Solar Power Generation Soars 24.3% YoY to 52 BU in Q1 2026

In Q1 2026, India achieved a significant milestone, generating approximately 52 billion units (BU) of solar power, registering a 24.3% year-over-year (YoY) increase, as reported by the Central Electricity Authority (CEA). Solar ge...

May 13, 2026

Mercom Research Focus

Solar Tenders and Auctions Decline in Q1 2026 Amid Focus on Project Execution

In Q1 2026, government agencies issued nearly 6 GW of solar tenders, a 68% decrease from 17 GW in Q1 2025 but almost double the capacity issued in Q4 2025. Although individual agency targets for FY 2025-26 have not yet been specif...

May 12, 2026

Mercom Research Focus

Global Corporate Funding for Solar Surges 131% YoY to $11.1 Billion in Q1 2026

Corporate funding in the solar sector rose to $11.1 billion across 53 deals in the first quarter of 2026, marking a 131% year-over-year increase from the $4.8 billion raised across 39 deals in Q1 2025, according to Mercom Capital ...

May 8, 2026

Grid

Supreme Court Rules Railways Must Pay Open Access Surcharges

The Supreme Court has ruled that Indian Railways cannot claim the status of a deemed distribution licensee (DDL) under the Electricity Act, holding that its electricity infrastructure is intended solely for its own operational req...

May 11, 2026

Latest News

Project Finance Brief: Solar Landscape Secures $600 Million

From: Mercom Capital Group Solar Landscape, a U.S.-based commercial rooftop solar developer, has secured a $600 million green-labeled senior debt warehouse facility to support its distributed solar project pipeline across the U.S. The financing...

May 13, 2026

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Funding and M&A Roundup: Nyobolt Raises $60 Million

From: Mercom Capital Group Nyobolt, a U.K.-based fast-charging Li-ion battery solutions developer, raised $60 million in a Series C funding round, bringing the company’s valuation to $1 billion. The company plans to use the proceeds to expand its...

May 13, 2026

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Array Technologies’ Q1 Revenue Falls 26% YoY, Exceeds Analysts’ Expectations

U.S.-based solar tracker company Array Technologies reported revenue of $223.4 million in the first quarter (Q1) of 2026, down 26% year-over-year (YoY) compared to $302.4 million. The revenue exceeded analysts’ expectations by $21.75 million....

May 13, 2026

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Borosil Renewables’ Revenue Jumps 18% YoY, Reports Profit of ₹1.69 Billion in Q4

Mumbai-based solar glass manufacturer Borosil Renewables reported revenue of ₹4.4 billion (~$46.24 million) in the fourth quarter (Q4) of the financial year (FY) 2026, increasing 17.77% from ₹3.74 billion (~$39.26 million) a year ago. Its profit...

May 12, 2026

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NHPC Issues RfS for 13 MW of Rooftop Solar Projects in Northeast India

NHPC has issued a request for selection (RfS) to set up 13.255 MW of grid-connected rooftop solar projects across Sikkim, Manipur, and Nagaland. Selected bidders will install 5,060 kW of solar projects in Sikkim, 5,627 kW in Manipur, and 2,568 kW in...

May 12, 2026

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Grenergy Secures $268 Million Financing for Solar and Storage Project in Chile

Spanish clean energy producer Grenergy has closed a $268 million senior non-recourse financing agreement for the Monte Águila solar and energy storage project in Chile. The financing includes credit facilities and was led by BNP Paribas as the...

May 12, 2026

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MNRE Bars Duplicate Module, Inverter Serial Number Submissions Under Surya Ghar

The Ministry of New and Renewable Energy (MNRE) has discontinued the provision that allowed installation submissions containing duplicate entries of solar module or inverter serial numbers to be submitted based on a vendor undertaking under PM Surya...

May 12, 2026

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Premier Energies, Syrma SGS Drop Plan to Acquire K-Solare Stake

Hyderabad-based Premier Energies and Syrma SGS Technology have decided not to proceed with the proposed acquisition of K-Solare Energy, an inverter manufacturer, through a joint venture. Premier Energies said the decision followed mutual discussions...

May 12, 2026

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FH Capital to Acquire 75% Stake in JinkoSolar’s US Subsidiary

Private equity firm, FH Capital, has entered into a definitive agreement to acquire a 75.1% stake in China-based solar module and cell manufacturer, JinkoSolar’s U.S. subsidiary. Post-acquisition, JinkoSolar will hold a 24.9% minority stake in its U....

May 12, 2026

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