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Storage Becomes Critical to Solar Economics After Maharashtra Banking Changes

Maharashtra’s revised renewable energy and multi-year tariff framework ties solar consumption directly to the time of generation. The order defines solar hours as 09:00 to 17:00, an eight-hour window that captures the majority of ...

April 30, 2026

Mercom Research Focus

Solar Share in India’s Renewable Energy Capacity Rises to 55% in Q1 2026

Solar power accounted for 28.4% of total installed power capacity and 55% of total installed renewable energy capacity as of March 2026, up from 26.5% and 52.7%, respectively, in the previous quarter. Solar project installations h...

April 30, 2026

Mercom Research Focus

Why India’s Solar Cell Production Lags Behind Module Manufacturing

India’s solar manufacturing sector is expanding unevenly, with module production scaling rapidly while cell manufacturing continues to lag. Despite policy support and strong domestic demand, the gap highlights underlying technolog...

April 29, 2026

C&I

Hybrid Systems, Storage Drive Next Phase of India’s Solar Growth

India’s solar industry is entering a new phase of growth, marked by a rapid shift toward hybrid energy systems, battery storage, and high-efficiency module technologies, driven by rising renewable penetration, grid stability chall...

April 29, 2026

Latest News

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ROSI Raises $23 Million to Expand Solar Module Recycling in Europe

ROSI, a France-based solar module recycling company, has secured over €20 million (~$23 million) in funding to support its expansion across Europe. The funding includes a Series B round along with French and European grants. The company said the...

April 30, 2026

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Blackstone to Invest Up to $2 Billion in Eurowind Energy

Eurowind Energy, a Denmark-based renewable energy project developer, has entered into a definitive agreement with Blackstone Infrastructure for an investment of up to €2 billion ($2.34 billion). The investment will give Blackstone an initial 24.7%...

April 30, 2026

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Heavy Industries Ministry Mandates Localization of More Electric Truck Components

The Ministry of Heavy Industries (MHI) has amended certain provisions of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program, mandating an increase in domestic production of specific components for electric trucks...

April 30, 2026

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Bajel Projects Secures Two Orders for 500 kV Transmission Lines in MENA

Mumbai-based Bajel Projects, an engineering, procurement, and construction (EPC) company specializing in power transmission and distribution infrastructure, has secured two international orders for 500 kV overhead transmission lines in the Middle...

April 30, 2026

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CERC Staff Paper Proposes Capacity Market Design for Power Sector

The Central Electricity Regulatory Commission (CERC) has released a staff paper outlining a framework for introducing capacity markets in India to address gaps in electricity resource adequacy, reserve availability, and short-term market efficiency....

April 30, 2026

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Maharashtra Approves ₹123 Billion Clean Energy and Storage Program

The Maharashtra state cabinet has approved a five-year ₹123.03 billion (~$1.48 billion) program to accelerate the deployment of renewable energy and storage. The initiative, Maharashtra: Accelerating Green Energy and Storage Technologies in...

April 30, 2026

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Dalmia Subsidiary to Source Power from Oyster’s 35.6 MW Hybrid Project

Dalmia Cement (Bharat) (DCBL), a wholly owned subsidiary of Dalmia Bharat, has entered into agreements to acquire a 41% stake in Oyster Green Hybrid Five to source power from its 35.6 MW wind-solar hybrid project on a captive basis. The stake...

April 30, 2026

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Strong Solar Module Sales Drive Waaree Energies’ Revenue for Q4 FY 2026 Up 112%

Solar module manufacturer Waaree Energies’ revenue from operations for the fourth quarter (Q4) of the financial year (FY) 2026 rose 111.8% year-over-year (YoY) to ₹84.80 billion (~$894.34 million) from ₹40.04 billion (~$422.28 million). The company...

April 30, 2026

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Daily News Wrap-Up: Solar Cell Production Lags Behind Module Manufacturing

India’s solar manufacturing sector is expanding unevenly, with module production scaling rapidly while cell manufacturing continues to lag. Despite policy support and strong domestic demand, the gap highlights underlying technology and market...

April 30, 2026

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Non-Banking Financial Companies Offer Custom Loans for Clean Energy Adoption

As commercial and industrial (C&I) consumers, particularly micro, small, and medium enterprises, seek to transition to sustainable energy solutions, the upfront capital required to set up projects is often a key barrier. However, banks and...

April 30, 2026

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