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SAEL, Waaree, MB Power, and JLTM Energy Win PSPCL’s 500 MW Solar Auction

SAEL Industries,  Waaree Forever Energies (a subsidiary of Waaree Energies), MB Power (Madhya Pradesh) (a subsidiary of Hindustan Power), and JLTM Energy India (a subsidiary of Technique Solaire) have won the Punjab State Power Co...

April 23, 2026

Grid

Rajasthan Sees Nearly 12 GW of Solar, Wind Curtailment Since January

A staggering 11.5 GW of renewable energy has been curtailed in Rajasthan since January 2026, with March alone accounting for 8.3 GW, prompting developers to seek the state government’s intervention. Rajasthan Solar Association sa...

April 23, 2026

Mercom Research Focus

Top Solar Project Operations & Maintenance Service Providers in 2025

Inox Green Energy Services, Mitarsh Energy, Jakson Green, Inspire Clean Energy, and Sterling & Wilson emerged as the top solar project operations and maintenance (O&M) service providers in India for 2025, according to Merc...

April 22, 2026

Markets & Policy

High Irradiance, Low Installations: The Solar Gap in Eastern and Central India

India’s average solar irradiance ranges from 3.5–5.5 kWh/m²/day across the country, with nearly every state offering significant potential for solar energy generation. However, several states with high irradiance and ample wastela...

April 21, 2026

Latest News

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BEE Issues Compliance Framework for Renewable Consumption Obligation

India has operationalized a national compliance framework for renewable energy consumption with the Bureau of Energy Efficiency (BEE) issuing operational guidelines for the renewable consumption obligation (RCO) mechanism. The framework signifies a...

April 23, 2026

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Daily News Wrap-Up: Leading Solar O&M Service Providers in 2025

Inox Green Energy Services, Mitarsh Energy, Jakson Green, Inspire Clean Energy, and Sterling & Wilson emerged as the top solar project operations and maintenance (O&M) service providers in India for 2025, according to Mercom’s India Solar...

April 23, 2026

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IRENA Calls for Tariff Cuts on Renewables After Middle East Oil Shock

Amid global disruptions in fuel markets caused by the ongoing war in the Middle East, the International Renewable Energy Agency (IRENA) has proposed removing or reducing tariff and non-tariff barriers on imported renewable energy equipment for the...

April 23, 2026

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NLC India Secures $117 Million Loan from KfW for Solar, Storage Projects

NLC India has signed a loan agreement with Germany-based bank KfW for €100 million (~$117.32 million) to support its solar and energy storage projects. The loan will also enhance grid reliability, facilitate access to competitive financing, and...

April 23, 2026

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Independent Power Producer ILOS Upsizes Credit Facility to $529 Million

ILOS Projects, a pan-European independent power producer backed by BNP Paribas Asset Management, has upsized its structured credit facility to €450 million (~$529 million) with EIG, an institutional investor in the global energy and infrastructure...

April 22, 2026

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Thermal Energy Storage Company Exergy3 Raises $13.5 Million Seed Funding

UK-based Exergy3, a thermal energy storage startup, has 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 Kapital and Kibo Invest....

April 22, 2026

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Lydian Energy Acquires 1.5 GW Solar and Storage Portfolio

U.S.-based independent power producer Lydian Energy has acquired the 1.5 GW Atlas North portfolio, comprising solar plus battery energy storage systems (BESS), in North America from Hanwha Renewables, a utility-scale solar and BESS projects...

April 22, 2026

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Government Extends ISTS Charges Waiver for Renewable Projects Hit by Grid Delays

The Ministry of Power has stated that solar and wind projects with a firm start date of connectivity between July 1, 2025, and June 30, 2028, may be considered for an extension of the graded interstate transmission system (ISTS) charges waiver of...

April 22, 2026

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