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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Matrix Renewables Secures $332 Million Non-recourse Project Financing

Matrix Renewables, a renewable energy developer and independent power producer focused on solar and battery energy storage systems, has secured £245 million (~$332 million) in non-recourse financing. The funding package was structured as an...

April 29, 2026

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Bondada Engineering Secures BoS Orders for 75 MW Solar Project in Gujarat

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW solar project in Gujarat. The contracts have been awarded by Adani Green Energy,...

April 29, 2026

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NTPC Tenders Operations and Maintenance of 4 MW Solar Microgrid System

NTPC has invited bids for the operation and maintenance (O&M) of a 4 MW solar microgrid system installed at the NTPC Energy Technology Research Alliance (NETRA) in Uttar Pradesh. The last date to submit bids is May 7, 2026. Bids will be opened...

April 29, 2026

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Jakson Infra Wins $62 Million Power Distribution Project in Angola

Infrastructure engineering, procurement, and construction (EPC) company Jakson Infra, part of the Jakson Group, has secured a power distribution project from Angola’s Ministry of Energy and Water. The project is being executed under the World...

April 29, 2026

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Emmvee Photovoltaic Reports 116% YoY Surge in FY 2026 Revenue

Bengaluru-based solar cell and module manufacturer, Emmvee Photovoltaic Power, reported a revenue of ₹17.39 billion (~$184 million) in the fourth quarter (Q4) of the financial year (FY) 2026, registering a 62% year-over-year (YoY) increase from ₹10....

April 29, 2026

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REC Reports Record ₹163 Billion FY 2026 Profit, Loan Book Hits ₹5.84 Trillion

Public infrastructure finance company REC recorded a total income of ₹145.83 billion (~$1.54 billion) for the fourth quarter of the financial year 2026, down 5% from ₹153.48 billion (~$1.62 billion) in the corresponding quarter last year. The...

April 29, 2026

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Enviro Infra’s Subsidiary to Acquire Suyog Urja in $33 Million Deal

Enviro Infra Engineers’ wholly owned subsidiary, EIE Renewables, has signed a share purchase agreement to acquire a 100% stake in Suyog Urja through a phased transaction. Under the agreement, EIE Renewables will initially acquire a 51% stake in...

April 29, 2026

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East Central Railway Tenders 1.1 MW Rooftop Solar Systems Under Sonpur Division

East Central Railway has invited bids to install 1.114 MW of rooftop solar systems at Amrit Bharat station (533 kW) and at various locations (581 kW) under Sonpur Division in Bihar. The scope of work includes the design, manufacture, and supply of...

April 29, 2026

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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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