Mercom Research Focus
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Grid Integration and Solar Manufacturing Shape India’s Renewable Policies in Q2

India’s renewable energy landscape continued to evolve in the second quarter (Q2) of 2026, with policy measures placing greater emphasis on grid integration, domestic manufacturing, transmission planning, energy storage, and...

July 29, 2026

Mercom Research Focus

Solar’s Share in India’s Renewable Capacity Climbs to 56.4% in Q2 2026

Solar continued to dominate India’s renewable energy landscape. Installed solar capacity reached 163.7 GW, accounting for 29.7% of the country’s total power capacity and 56.4% of its renewable energy capacity. The addi...

July 27, 2026

Market & Policy

CEA Favors 100% Grid-Forming Inverters for Future Battery Storage Projects

The Central Electricity Authority (CEA) has recommended the use of 100% grid-forming (GFM)  inverters in all future battery energy storage system (BESS) projects to strengthen grid stability as renewable energy capacity continues ...

July 27, 2026

Mercom Research Focus

India’s Renewable Energy Sector Attracts $3 Billion in FDI in FY 2026

India’s renewable energy sector attracted foreign direct investment (FDI) inflows of $3.02 billion (~₹264.12 billion) during the financial year (FY) 2026. Although this represents a 24.8% decline from the record $4.01 billion (~₹3...

July 29, 2026

Latest News

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MNRE Allows DISCOMs to Use Surya Ghar Funds for Energy Storage Projects

The Ministry of New and Renewable Energy (MNRE) has said distribution companies (DISCOMs) may use funds remaining with them under the ‘Incentives to DISCOMs’ component of the PM Surya Ghar: Muft Bijli Yojana program for battery energy storage...

July 29, 2026

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UERC Rejects Plea to Restore Benchmark Charge for Battery Storage Projects

The Uttarakhand Electricity Regulatory Commission (UERC) has rejected Uttarakhand Jal Vidyut Nigam’s (UJVN) petition seeking restoration of the earlier benchmark capacity charge for standalone battery energy storage system (BESS) projects. The...

July 29, 2026

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MNRE Flags Complaints Over Incorrect Rooftop Solar Billing by DISCOMs

The Ministry of New and Renewable Energy (MNRE) said it has received several complaints about incorrect electricity bills issued by distribution companies (DISCOMs) following the installation of residential rooftop solar systems. The complaints are...

July 29, 2026

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ACME Solar Secures ₹34 Billion Financing for 250 MW FDRE Project

Gurgaon-based independent power producer ACME Solar Holdings has secured a ₹34.05 billion (~$356 million) long-term project financing loan from Power Finance Corporation (PFC) for its 250 MW firm and dispatchable renewable energy (FDRE) project,...

July 29, 2026

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MNRE Advises DISCOMs to Allow 10% DC Capacity Tolerance for Rooftop Solar

The Ministry of New and Renewable Energy (MNRE) has issued an advisory to distribution companies (DISCOMs) and electricity departments recommending that they allow a capacity tolerance of up to 10% in the direct current (DC) capacity of rooftop...

July 29, 2026

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Domestic Solar Component Manufacturing is Ramping Up Fast: Interview

India has made significant headway in expanding its solar module and cell manufacturing capacities over the years. However, a globally competitive manufacturing ecosystem also requires a robust domestic supply chain for balance-of-system (BoS) and...

July 29, 2026

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ADB Approves $850 Million Loan to Speed Up PM Surya Ghar Rollout

The Asian Development Bank (ADB) has approved an $850 million loan to support reforms which will fast-track the rollout of the Indian government’s flagship rooftop solar program, the PM Surya Ghar: Muft Bijli Yojana. The loan is part of ADB’s...

July 29, 2026

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Maharashtra Invites EOIs for 200 MW Floating Solar, Battery Storage Project

The Godavari Marathwada Irrigation Development Corporation (GMIDC) has invited expressions of interest (EOIs) for the development, operation, maintenance, and management of a 200 MW floating solar project with a co-located battery energy storage...

July 29, 2026

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Tata Power’s Ingot, Wafer Plans on Track; Q1 Revenue Rises 8%

Tata Power reported revenue of ₹188.98 billion (~$2 billion) in the first quarter (Q1) of the financial year (FY) 2027, an 8.2% year-over-year (YoY) increase from ₹174.64 billion (~$1.82 billion). Earnings before interest, taxes, depreciation, and...

July 29, 2026

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