Mercom Research Focus
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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

Mercom Research Focus

Rajasthan’s Virtual, Group Net Metering Rollout Slows Amid Lack of Guidelines

The Rajasthan Electricity Regulatory Commission (RERC) notified the regulations for virtual and group net metering for renewable energy projects roughly five months ago, but implementation has progressed slowly. Rooftop solar inst...

April 28, 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

Grid

Industry Gets Interim Relief as APTEL Stays MERC’s New Energy Banking-Linked Power Bills

The Appellate Tribunal for Electricity (APTEL) has issued an interim order staying the issuance of disconnection notices and electricity bills raised under the new power banking mechanism introduced by the Maharashtra Electricity ...

April 29, 2026

Latest News

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Punjab Floats Tender to Procure 250 MW of Solar Power

The Punjab State Power Corporation (PSPCL) has issued a tender for procuring 250 MW of power from grid-connected solar projects for 25 years. Bids must be submitted by May 20, 2026. Bids will be opened on May 22. Bidders must furnish an earnest...

April 29, 2026

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Solar Complements Thermal in Meeting India’s Peak Power Demand

Strong capacity additions and advanced resource adequacy planning have helped India meet peak energy demand without any shortages so far this summer. The country’s peak electricity demand reached 256.1 GW on April 25, 2026, according to the Ministry...

April 29, 2026

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Uttar Pradesh Approves Revenue Requirements for Transco, Load Dispatch Centre

The  Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved an aggregate revenue requirement (ARR) of approximately ₹59.61 billion (~$630.22 million) and ₹255.41 million (~$2.7 million) for Uttar Pradesh Power Transmission Corporation...

April 29, 2026

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Daily News Wrap-Up: Rajasthan’s Net Metering Slows Without Guidelines

The Rajasthan Electricity Regulatory Commission notified the regulations for virtual and group net metering for renewable energy projects roughly five months ago, but implementation has progressed slowly. Rooftop solar installers say that while the...

April 29, 2026

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Project Finance Brief: Enviromena Secures $1.1 Billion for Solar Expansion

From: Mercom Capital Group U.K.-based Enviromena, an independent power producer, signed an £825 million (~$1.1 billion) senior portfolio financing package to support the expansion of its solar portfolio across the U.K. The transaction is...

April 29, 2026

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Funding and M&A Roundup: Exergy3 Raises $13.5M in Seed Funding

From: Mercom Capital Group UK-based Exergy3, a thermal energy storage startup, raised £10 million (~$13.5 million) in a seed funding round, led by Axeleo Capital through its Article 9 Green Tech Industry I fund, with participation from Bayern...

April 29, 2026

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Battery Smart Raises $15 Million from Mirova to Expand EV Charging Network

Gurugram-based Battery Smart, a battery-swapping network for electric two- and three-wheelers operated by Upgrid Solutions, has secured $15 million in debt funding from Mirova, an affiliate of Natixis Investment Managers focused on sustainable...

April 29, 2026

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