Mercom Research Focus
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CERC’s Connectivity Relief a Double-Edged Sword for Delayed Renewable Projects

As a conditional relief measure for renewable energy developers granted grid connectivity access, the Central Electricity Regulatory Commission (CERC) recently introduced a standardized mechanism that allows them additional time t...

August 24, 2026

Energy Storage

SECI Announces Winners of 6 GWh Peak Power Supply Auction

The Solar Energy Corporation of India (SECI) has announced the winners of its auction to select developers for the assured peak supply of 6,000 MWh (1,500 MW X 4 hours) of firm and dispatchable renewable energy from interstate tra...

August 22, 2026

Mercom Research Focus

India’s Solar Imports Rise 50% YoY in Q2 2026, Exports Plunge 88%

Solar cell imports in the second quarter (Q2) of 2026 rose 33.2%, while module imports fell 75.5% compared to the previous quarter. This contrast reflects India’s expanding domestic module manufacturing base, which is increasing d...

August 21, 2026

Markets & Policy

MNRE Allows Four-Month Extension for Renewable Projects Hit by West Asia Crisis

The Ministry of New and Renewable Energy (MNRE) has advised renewable energy implementing agencies (REIAs) and other power procuring agencies to consider granting an extension of up to four months to renewable energy projects affe...

August 24, 2026

Latest News

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Lower Sales Volume Pushes Flux Power’s Revenue Down 51% in Q4 FY 2026

Lithium-ion storage solutions provider Flux Power reported revenue of $8.25 million in the fourth quarter (Q4) of fiscal year (FY) 2026, down 50.7% year-over-year (YoY) from $16.74 million. The revenue decline is attributed to changes in product mix,...

August 25, 2026

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US Lawmakers Seek Update on Delayed Wind and Solar Project Reviews

A group of U.S. lawmakers has asked the Department of the Interior (DOI) to provide updated information on wind and solar projects undergoing federal review and comply with congressional reporting requirements on energy projects. The lawmakers said...

August 25, 2026

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Uttar Pradesh Invites Bids for 2.5 MW Off-grid Solar Projects

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to install 2.5 MW of off-grid solar projects at multiple government buildings under the capital expenditure mode. Each rooftop system will range from 1 kW to 75...

August 24, 2026

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Uttar Pradesh Tenders 11 MW Rooftop Solar Projects

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to install 11 MW of grid-connected rooftop solar projects at government buildings across the state. The last date to submit bids is September 15, 2026. Bids will...

August 24, 2026

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Sun Drops to Acquire Renewable EPC Firm DMGEL for ₹558 million

The solar arm of KP Group, Sun Drops Energia, will acquire up to 100% of the equity shares in renewable energy solutions provider DEK and Mavericks Green Energy (DMGEL) at a valuation of ₹558 million (~$5.83 million). Sun Drops Energia will acquire...

August 24, 2026

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Maharashtra Invites Bids for 2.25 GW Solar Projects Under MSKVY

Bhagwati Industrial Group has floated two tenders for the design, engineering, procurement, erection, construction, testing, and commissioning of grid-interactive solar projects aggregating 2,249 MW across multiple Maharashtra State Electricity...

August 24, 2026

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PowerBank to Reacquire 13.9 MW New York Community Solar Projects

PowerBank Corporation, a North American energy company that develops, builds, owns, and operates solar and battery energy storage systems, has executed agreements through its U.S. subsidiary, Abundant Solar Power, to reacquire two community solar...

August 24, 2026

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Tata Power Renewables Arm Commissions 190 MW FDRE Project in Rajasthan

Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power Company, has commissioned a 190.5 MW solar firm and dispatchable renewable energy (FDRE) project at Kalasar in Bikaner, Rajasthan. The project is part of a larger 460 MW FDRE capacity...

August 24, 2026

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PFC Names Winner of 6.5 GW Transmission Project in Gujarat

PFC Consulting has announced the winner of its auction to establish an interstate transmission system (ISTS) to evacuate 6.5 GW of renewable energy from Gujarat. POWERGRID was declared the sole winner of the auction at a tariff of ₹8.23 billion...

August 24, 2026

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Power Finance Corporation’s Revenue for Q1 FY 2027 Remains Flat

State-owned lender to the energy sector, Power Finance Corporation’s (PFC) revenue for the first quarter (Q1) of the financial year (FY) 2026-27 remained flat at ₹285.27 billion (~$2.98 billion), compared to ₹285.39 billion (~$2.98 billion) during...

August 24, 2026

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