Mercom Research Focus
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India Added 119 GW Solar Module and 9 GW Cell Capacity in 2025

India added nearly 119 GW of solar module and over 9 GW of solar cell capacity in 2025, according to Mercom India’s State of Solar PV Manufacturing in India 2026 report. The manufacturing expansion was driven by demand from India’...

March 18, 2026

Mercom Research Focus

Easing Group Captive Power Norms May Boost C&I Participation

The Ministry of Power’s (MoP) relaxations, allowing group captive projects to meet the 51% consumption requirement collectively rather than based on the individual proportionality requirement, have raised hopes of increased open a...

March 17, 2026

Mercom Research Focus

High Temperatures Emerge as Key Risk for Battery Storage in India

India’s battery energy storage market is entering a new phase of growth, but developers are increasingly facing a constraint that traditional project models have not fully captured: heat. In key renewable hubs such as Rajast...

March 18, 2026

Manufacturing

Use of ALMM-listed Solar Wafers Mandatory a Week After List Publication

The Ministry of New and Renewable Energy has expanded the Approved List of Models and Manufacturers (ALMM) framework by introducing a seven-day cut-off window after the publication of the initial solar wafers list to determine pro...

March 18, 2026

Latest News

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UltraTech Cement to Source Power from 60 MW Solar Project with Battery Storage

UltraTech Cement, an Aditya Birla Group company, has signed an energy supply agreement and a share subscription & shareholders’ agreement to procure power from Sunsure Solarpark Seven’s 60 MW captive solar project integrated with a battery...

March 18, 2026

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PFC Consulting Tenders ISTS to Evacuate 6.5 GW Renewable Energy in Gujarat

PFC Consulting has invited bids to establish an interstate transmission system (ISTS) to evacuate 5,500 MW of renewable energy from the Jam Khambhaliya Renewable Energy Zone (Phase II) and 1,000 MW from Jamnagar (Phase I). Together, the system is...

March 18, 2026

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KKR to Invest Up to $310 Million in E-Bus Companies Allfleet and PMI Electro

Global investment firm KKR will invest up to $310 million (~₹28.63 billion) and form a partnership with electric bus (e-bus) platform Allfleet and e-bus manufacturer PMI Electro. The investment will enable KKR to acquire a majority stake in Allfleet...

March 18, 2026

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Waaree Energies Drawn into Arbitration Over Enel Green Power India Deal

Waaree Energies has received a request for arbitration from Enel Green Power Development over a dispute arising from a share purchase agreement in 2025, under which Waaree had agreed to acquire the entire share capital of Enel Green Power India. The...

March 18, 2026

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CleanMax’s Income Rises 14% YoY in Q3 FY 2026

Clean energy solutions provider Clean Max Enviro Energy Solutions reported a total income of ₹4.66 billion (~$50.45 million) in the third quarter (Q3) of the financial year (FY) 2026, up 13.9% year-over-year (YoY) from ₹4.09 billion (~$44.28...

March 18, 2026

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Funding and M&A Roundup: MGA Thermal Secures $12 Million

From: Mercom Capital Group MGA Thermal, a provider of thermal energy-based long-duration energy storage systems, has secured A$17 million (~$12 million) in funding. The latest round brings the total capital raised to more than A$50 million (~$35...

March 18, 2026

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Punjab Proposes Carry-Forward of Banked Energy for InSTS Open Access Projects

The Punjab State Electricity Regulatory Commission (PSERC) has proposed amendments to the Punjab State Electricity Regulatory Commission (Terms & Conditions for Intra-State Open Access) Regulations, 2011, to permit the carry-forward of banked...

March 18, 2026

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Daily News Wrap-Up: Easing Group Captive Power Rules May Boost C&I Participation

The Ministry of Power’s relaxations, allowing group captive projects to meet the 51% consumption requirement collectively rather than based on the individual proportionality requirement, have raised hopes of increased open access adoption by...

March 18, 2026

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