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Domestic Solar Cell Supply Under Strain as Demand for TOPCon Modules Surges

The implementation of the Approved List of Models and Manufacturers (ALMM) List II mandate for solar cells is causing a TOPCon module supply squeeze, with developers, EPC contractors, and rooftop installers preferring them for the...

June 26, 2026

Mercom Research Focus

When Does It Pay to Give Up PM Surya Ghar Subsidy?

The Ministry of New and Renewable Energy’s (MNRE) option that allows residential consumers to voluntarily forgo subsidies under the PM Surya Ghar: Muft Bijli Yojana could create a separate market opportunity for larger rooftop sol...

June 24, 2026

Energy Storage

Industry Must Perceive Battery Storage Systems as Grid Assets: Interview

India’s battery energy storage market might be gaining momentum, but sluggish project execution has exposed deeper questions around bankability, lifecycle costs, degradation risks, and market readiness. In an exclusive interview w...

June 29, 2026

Grid

Aligning Capacity, Transmission and Demand Key to India’s Renewables Growth

Large-scale renewable energy deployment in India is entering a phase where project capacity must be matched by transmission infrastructure, capital availability, supply chain readiness, land access, and operational coordination. A...

June 26, 2026

Latest News

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POWERGRID Commissions 3.5 GW Transmission Project in Andhra Pradesh

Power Grid Corporation of India (POWERGRID) has commissioned a 3,500 MW transmission project to evacuate power from solar energy zones in Ananthapur and Kurnool in Andhra Pradesh. The transmission project was completed under the Transmission Scheme...

June 29, 2026

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PFC, REC Boards Clear Merger to Create Entity with ₹11 Trillion Loan Book

The boards of directors of the Power Finance Corporation (PFC) and REC Limited have approved the scheme of merger of the two public sector non-banking financial companies that lend to power and infrastructure projects. Under the arrangement, the two...

June 29, 2026

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Germany Floats Tender for 2.52 GW Onshore Wind Projects

Germany’s Federal Network Agency (Bundesnetzagentur) has invited bids to set up 2.52 GW of onshore wind projects. Bids must be submitted by August 3, 2026. The ceiling tariff has been set as €0.0725 (~$0.083)/kWh. Bundesnetzagentur said the total...

June 29, 2026

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Daily News Wrap-Up: TOPCon Demand Strains Domestic Solar Cell Supply

The implementation of the Approved List of Models and Manufacturers List II mandate for solar cells is causing a TOPCon module supply squeeze, with developers, engineering, procurement, and construction contractors, and rooftop installers preferring...

June 29, 2026

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Ashok Leyland’s EV Factory Goes Green with Rooftop Solar

Electric vehicles (EV) play a vital role in reducing carbon emissions and helping the country meet its sustainability targets. By reducing dependence on fossil fuel-based grid power for manufacturing, EV companies can further increase their...

June 26, 2026

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Solar Landscape Secures $125 Million Revolving Credit Facility

Solar Landscape, a U.S.-based commercial rooftop solar developer, has closed an oversubscribed $125 million revolving credit facility led by M&T Bank. Flagstar Bank, Atlantic Union Bank, and Valley Bank participated in the facility. The...

June 26, 2026

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Germany Awards 482 MW of Solar Plus Storage Capacity

Germany’s Federal Network Agency (Bundesnetzagentur) has awarded 482.4 MW of solar plus storage projects across 27 bids under the country’s innovation auction program. The auction had invited bids for 475 MW. The accepted bid values ranged from €0....

June 26, 2026

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SWELECT Subsidiary to Acquire 49% Stake in Gridnex Solar

Solar module manufacturer, SWELECT Energy Systems, announced that its wholly owned subsidiary, SWELECT SolarKraft, has signed an agreement to acquire a 49% equity stake in Gridnex Solar Power. Gridnex Solar Power is a wholly owned subsidiary of...

June 26, 2026

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EV Charging Company Terawatt Secures Up to $300 Million Debt Financing

Terawatt Infrastructure, a charging infrastructure platform for autonomous and electric vehicle fleets, has entered into a five-year senior secured financing facility for up to $150 million, with an option to raise an additional $150 million. The...

June 26, 2026

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