Mercom Research Focus
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Energy Storage-Backed Renewable Tenders Dominate Procurement in 1H 2026

Agencies in India issued tenders for 44.1 GW and auctioned 16.3 GW of renewable energy capacity across energy storage, hybrid, utility-scale solar, wind, manufacturing, and rooftop solar projects in the first half (1H) of 2026, ac...

August 11, 2026

Mercom Research Focus

Energy Storage Firms Secure $8.9 Billion in Corporate Funding in 1H 2026

Corporate funding for energy storage companies totaled $8.9 billion across 73 deals in the first half (1H) of 2026, down 2% year-over-year (YoY) from $9.1 billion across 55 deals in 1H 2025, according to Mercom Capital Group’s 1H ...

August 10, 2026

Mercom Research Focus

India’s Solar Power Generation Rises 45.9% YoY to 62.8 BU in Q2 2026

India generated approximately 62.8 billion units (BU) of solar power in Q2 2026, increasing 45.9% year-over-year (YoY) from 43 BU in Q2 2025, according to the Central Electricity Authority (CEA). Solar generation rose 20.2% quart...

August 10, 2026

Markets & Policy

Andhra Pradesh Allows Consumers to Install Up to 5 kW Rooftop Solar Systems

The Andhra Pradesh Electricity Regulatory Commission (APERC) has allowed consumers with single-phase low-tension (LT) connections to install rooftop solar systems of up to 5 kW. Under the APERC Grid Interactive Solar Rooftop Photo...

August 11, 2026

Latest News

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Naked Energy Raises $12 Million to Expand Solar Thermal Manufacturing

Naked Energy, a solar thermal solutions provider, has secured a combined £8.9 million (~$12 million) investment from Great British Energy and Barclays Climate Ventures to establish a manufacturing facility in the U.K. Great British Energy is...

August 11, 2026

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Websol Energy’s Q1 FY 2027 Profit Rises 16% YoY on Higher Production

Solar cell and module manufacturer Websol Energy System reported revenue from operations of ₹3.73 billion (~$39.11 million) in the first quarter (Q1) of the financial year (FY) 2027, up 70% year-over-year (YoY) from ₹2.19 billion (~$22.96 million)....

August 11, 2026

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Daily News Wrap-Up: Energy Storage Funding Drops 2% YoY in 1H 2026

Corporate funding for energy storage companies totaled $8.9 billion across 73 deals in the first half (1H) of 2026, down 2% year-over-year (YoY) from $9.1 billion across 55 deals in 1H 2025, according to Mercom Capital Group’s 1H and Q2 2026 Funding...

August 11, 2026

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Amara Raja Energy to Invest ₹5.5 Billion in Subsidiaries

Battery manufacturer Amara Raja Energy & Mobility has approved additional investments totaling ₹5.5 billion (~$57.64 million) in two of its wholly owned subsidiaries to support its lithium-ion battery gigafactory development and manufacturing...

August 11, 2026

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Tracker Firm FTC Solar Enters Indian Market Amid 31% Revenue Jump in Q2

U.S.-based solar tracker company FTC Solar reported revenue of $26.2 million in the second quarter (Q2) of 2026, up 31% year-over-year (YoY) from $20 million. Revenue beat analysts’ expectations by $1.77 million. Product revenue increased 41% YoY to...

August 11, 2026

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Array’s Q2 Revenue Drops 6% YoY, Higher Volumes Push EBITDA

U.S.-based solar tracker company Array Technologies reported revenue of $342.1 million in the second quarter (Q2) of 2026, down 5.6% year-over-year (YoY) from $362.2 million. The revenue exceeded analysts’ expectations by $28.29 million. The...

August 11, 2026

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Verdant Energy and Aura Power Merge to Form Solar, Storage IPP in the UK

Solar project developers Verdant Energy and Aura Power Developments have merged to form a solar and battery energy storage system (BESS) independent power producer (IPP) with approximately 1 GW of operating and under-construction assets in the U.K....

August 11, 2026

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Solar and Wind Additions Push Global Renewable Energy Capacity to 5.2 TW

Global renewable energy capacity reached 5,155 GW at the end of 2025, following annual additions of 693 GW, taking renewables’ share of global installed power capacity to 49.5%, according to the International Renewable Energy Agency (IRENA)....

August 11, 2026

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