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Power Sector Reforms Help DISCOMs Post Profits in FY 2025 for First Time

India’s rated power distribution utilities reported a consolidated profit after tax (PAT) of ₹27.01 billion (~$294.7 million) in FY25, marking a sharp turnaround from a loss of ₹270.22 billion (~$2.95 billion) recorded in FY24, ac...

January 27, 2026

Mercom Research Focus

Solar Tender and Auction Activity Slumps in 2025

In 2025, tender announcements for utility-scale solar projects declined to nearly 44 GW, down 45% from 2024, according to Mercom India Research. During the year, around 20 GW of projects were auctioned, a 57% decline compared to 2...

January 23, 2026

Mercom Research Focus

Corporate Solar Funding Down 16% YoY in 2025; Deal Count Rises, M&A Robust

The total global corporate solar funding dropped by 16% year-over-year (YoY) with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024, according to Mercom Capital Group’s newly released 2025 Annual an...

January 22, 2026

C&I

What SMEs Should Know Before Applying for Solar Financing in India

Clean energy sources, including solar, can deliver long-term cost savings and improve resilience against power supply volatility. As India accelerates its renewable energy transition, financing for clean energy adoption is becomin...

January 27, 2026

Latest News

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MENA Weekly Roundup: DEWA Approves Solar-Powered Data Center’s Phase 2

Dubai Electricity and Water Authority (DEWA) approved the second phase of its solar-powered green data center at Warsan. The data center is powered primarily by renewable energy from the Mohammed bin Rashid Al Maktoum Solar Park. DEWA said the...

January 27, 2026

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Adani Green’s Q3 Revenue Rose 21% YoY on High Capacity Additions

Adani Green Energy (AGEL) reported a revenue of ₹24.2 billion (~$263.63 million) in the third quarter (Q3) of the financial year (FY) 2026, a 21% year-over-year (YoY) increase from ₹19.93 billion (~$217.11 million). Earnings before interest, taxes,...

January 27, 2026

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Rajasthan Regulator Allows Dual Power Connections for High-Load Consumers

The Rajasthan Electricity Regulatory Commission (RERC) has approved the introduction of dual-source electricity supply for high-tension (HT) and extra-high-tension (EHT) consumers, including the Public Health Engineering Department (PHED), data...

January 27, 2026

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Fujiyama Commissions 1 GW Solar Cell Facility in Uttar Pradesh

Solar energy solutions provider Fujiyama Power Systems (UTL Solar) has announced the commissioning of a 1 GW solar cell manufacturing facility in Dadri, Uttar Pradesh. The facility, which will manufacture Mono PERC Domestic Content Requirement (DCR)...

January 27, 2026

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Hejamadi Toll Plaza in Karnataka Showcases Hybrid Renewables for Highways

A toll plaza in Karnataka has installed a wind-solar hybrid renewable energy system, demonstrating the potential of decentralized hybrid models for highway and transport infrastructure where uninterrupted power is critical for lighting, surveillance,...

January 27, 2026

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POWERGRID Invites Bids to Set Up 500 MWh BESS in Tamil Nadu

Power Grid Corporation of India (POWERGRID) has issued tenders to set up 25 MW/100 MWh and 100 MW/400 MWh battery energy storage system (BESS) projects across Tamil Nadu. These projects will receive viability gap funding support. These tenders are...

January 27, 2026

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Chidambaranar Port Authority Invites Bids for 8 MW Wind Project with BESS

V.O. Chidambaranar Port Authority (VOCPA) has invited bids for the design, engineering, supply, installation, and commissioning of an 8 MW wind project with a 5 MWh battery energy storage system (BESS). The last date to submit the bids is February...

January 27, 2026

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TCIL Invites Bids for 2 MW Rooftop Solar-BESS Project in Mauritius

Telecommunications Consultants India (TCIL) has invited bids for the installation of grid-connected hybrid rooftop solar systems with a cumulative capacity of 2 MW, including a battery energy storage system (BESS) of 1 MWh (if applicable), on the...

January 27, 2026

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EPI Issues Empanelment Tender for Solar EPC Projects Across India

Engineering Projects India (EPI) has invited expressions of interest to empanel experienced agencies as joint venture, consortium, associate, or back-end partners for upcoming solar engineering, procurement, and construction (EPC) projects across...

January 27, 2026

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