Mercom Research Focus
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51% of India’s Installed Renewable Capacity was Solar by Q3 2025

Solar power accounted for 25.1% of India’s total installed power capacity and 51% of the total installed renewable capacity as of September 2025. The solar capacity installed increased by 7.5% quarter-over-quarter (QoQ) and 37.5% ...

November 7, 2025

Solar

WAPCOS, Power and Energy Consultants Win RUVNL’s Solar Consultancy Auction

WAPCOS and Power and Energy Consultants India have won Rajasthan Rajya Vidyut Utpadan Nigam’s (RVUNL) auction for consultancy services for preparing feasibility-cum- detailed project reports (DPR) for developing solar parks. The t...

November 12, 2025

Inverters & BOS

Solar Inverters Up to 100 kW Capacity Must Meet BEE’s Efficiency Standards

The Ministry of Power (MoP), in consultation with the Bureau of Energy Efficiency (BEE), has mandated that all solar inverters with a rated capacity of up to 100 kW must meet a minimum overall efficiency requirement and display a ...

November 14, 2025

Rooftop

APM Projects Wins MES’ 2 MW Rooftop Solar EPC Auction

APM Projects has won the Military Engineer Service’s (MES) 2.25 MW engineering, procurement, and construction (EPC) auction to set up rooftop solar systems at various buildings in Air Force stations in Haryana, Uttar Pradesh, and ...

November 10, 2025

Latest News

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ReNew to Invest ₹600 Billion in Clean Energy Projects in Andhra Pradesh

Decarbonization solutions company ReNew will invest approximately ₹600 billion (~$6.76 billion) to set up multiple green energy projects in Andhra Pradesh. This adds to the committed investment of roughly ₹220 billion (~$2.48 million) announced in...

November 14, 2025

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Daily News Wrap-Up: Union Cabinet Approves Royalty Rates for Critical Minerals

The Union Cabinet approved the specification or revision of the royalty rates for caesium, graphite, rubidium, and zirconium to promote the auction of blocks containing these minerals, which are used in renewable energy technologies. The royalty...

November 14, 2025

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Samvardhana Motherson to Acquire Onega Solar’s 15 MW Group Captive Project

Noida-based automotive component manufacturer Samvardhana Motherson International’s board of directors has approved the acquisition of Onega Solar, a special purpose vehicle created to build a 15 MW group captive solar project in Uttar Pradesh. The...

November 14, 2025

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Borosil Renewables Returns to Profit in Q2, Posts Strong Sales Revenue

Solar glass manufacturer Borosil Renewables reported a revenue of ₹3.8 billion (~$42.7 million) for the second quarter (Q2) of the financial year (FY) 2026, a 1.5% year-over-year (YoY) increase from ₹3.73 billion (~$42.05 million). Profit after tax...

November 14, 2025

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Higher Customer Demand Drives Sunrun’s Revenue Up 35% in Q3 2025

U.S.-based residential solar and battery storage provider Sunrun reported total revenues of $724.6 million for the third quarter (Q3), a 35% year-over-year (YoY) increase from $537.2 million. The company attributed the revenue growth to increased...

November 14, 2025

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FTC Solar Beats Analysts’ Expectation in Q3, Revenue Up 157% YoY

U.S.-based solar tracker company FTC Solar’s revenue surged 156.8% year-over-year (YoY) to $26.03 million in the third quarter (Q3) of 2025, from $10.14 million, exceeding analysts’ expectations by $4.91 million. Adjusted earnings before interest,...

November 14, 2025

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Emmvee Photovoltaic’s ₹30 Billion IPO Closes with 97% Subscription

Bengaluru-based solar and cell module manufacturer, Emmvee Photovoltaic Power’s ₹30 billion (~$350.12 million) initial public offering (IPO) was subscribed 0.97 times at the end of the bidding window on November 13, 2025. The IPO saw bids for 75...

November 13, 2025

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Juniper Signs PPA with GUVNL for 50 MW Wind Project in Gujarat

Independent power producer Juniper Green Energy‘s subsidiary, Juniper Green BESS Delta, has signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam (GUVNL) for a 50 MW wind project in Gujarat. The project is expected to be...

November 13, 2025

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NCRTC Installs 28 Solar Panels on Rail Tracks at Duhai Depot in Ghaziabad

The National Capital Region Transport Corporation (NCRTC) has implemented an innovative ‘Solar on Track’ project at the Namo Bharat Depot in Duhai, Ghaziabad, where solar panels have been installed on the tracks. This is a first-of-its-kind...

November 13, 2025

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