Featured
thumbnail
Indian Solar Companies Eye Export Gains As US Slaps Steep Tariffs on Southeast Asia

The 90-day pause on reciprocal trade tariffs between the U.S. and China may temporarily dampen prospects for Indian solar exporters, but the heavy U.S. import duties on Southeast Asian solar products present a significant opportun...

May 14, 2025

Mercom Research Focus

Solar’s Share in India’s Renewable Energy Capacity Increases to 47.6% in Q1 2025

Solar power accounted for 22% of India’s total installed power capacity and 47.6% of the total installed renewable energy capacity at the end of the first quarter (Q1) of the calendar year 2025. The share of solar power in the tot...

May 14, 2025

Mercom Research Focus

Solar Tenders Plunge 53% YoY in Q1 2025, Auctions Drop 39%

Government agencies floated around 14.4 GW of solar tenders in Q1 2025, a 53.1% drop compared to 30.7 GW in Q1 2024, but a 5.4% increase from Q4 2024. The Ministry of New and Renewable Energy (MNRE) has set an annual bidding targe...

May 9, 2025

C&I

A New Business Model for Ground-Mounted Solar at the Grassroots

The Ratnagiri Zilla Parishad in Maharashtra was incurring a steep electricity bill of ₹91.6 million (~$1.07 million) a year on powering streetlights that the 846 gram panchayats had to pay. Last year, the local body hit upon a rev...

May 14, 2025

Latest News

thumbnail
GE Vernova to Invest ₹1.4 Billion to Expand India Operations

U.S.-based energy equipment manufacturing company GE Vernova has announced it would invest approximately ₹1.4 billion (~$16 million) in India to expand its electrification manufacturing and engineering operations. The investment will be made through...

May 14, 2025

thumbnail
Daily News Wrap-Up: GEDA Floats EoI for Solar-E Waste Material Recovery

The Gujarat Energy Development Agency (GEDA) invited expressions of interest (EoI) for a research study to recover valuable materials from solar and electronic waste (E-waste). The project aims to assess the feasibility of material recovery methods...

May 14, 2025

thumbnail
Mercom India to Host C&I Clean Energy Meet in Pune on May 16

Mercom India is hosting the fourth edition of ‘C&I Clean Energy Meet’ in Pune, Maharashtra, on May 16, 2025. The event is supported by the Deccan Chamber of Commerce, Industries and Agriculture (DCCIA), Pune, the Tool and Gauge Manufacturers...

May 14, 2025

thumbnail
Fluence Lowers 2025 Guidance Despite Beating Revenue Estimates in Q2

Utility-scale energy storage firm Fluence Energy recorded a revenue of $431.6 million in the second quarter (Q2) of the fiscal year (FY) 2025, a 31% year-over-year (YoY) decrease. Despite the dip, revenue exceeded analysts’ estimates by $106.3...

May 14, 2025

thumbnail
Funding and M&A Roundup: Energy Solutions Group Secures $139 Million

From: Mercom Capital Group Energy Solutions Group, an independent power producer specializing in renewable energy, announced the closing of a €125 million (~$139 million) investment provided by Infranity, a leading infrastructure investment and...

May 14, 2025

thumbnail
Project Finance Brief: Pivot Energy Secures $200 Million for Community Solar Portfolio

From: Mercom Capital Group Pivot Energy, a renewable energy provider and independent power producer that develops, finances, builds, owns, and manages solar and energy storage projects, secured a $200 million tax credit purchase commitment to...

May 14, 2025

thumbnail
Sunrun’s Q1 2025 Revenue Up 10%, Market Share Increases

Sunrun, a U.S.-based residential solar and battery storage provider, reported a 10% increase in total revenue of $504.27 million for the first quarter (Q1) of 2025 compared to $458.19 million in the same period of 2024. The revenue exceeds analysts’...

May 14, 2025

thumbnail
Higher Sales Volume Pushes FTC Solar’s Revenue by 65%

U.S.-based solar tracker systems provider FTC Solar achieved a revenue of $20.8 million in the first quarter (Q1) of 2025, a 65.3% year-over-year (YoY) increase from $12.58 million. The increase in revenue can be attributed to higher product volumes....

May 14, 2025

MORE NEWS