Mercom Research Focus
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Solar Tender and Auction Activity Declines in Q2 2026

Government agencies issued tenders for approximately 5.4 GW of solar capacity in the second quarter (Q2) of 2026, down 5.7% from 5.7 GW in the previous quarter and 21.5% lower than 6.8 GW in the same quarter last year. The decline...

August 4, 2026

Mercom Research Focus

Solar Corporate Funding Jumps 56% YoY to $16.9 Billion in 1H 2026

Global solar companies raised $16.9 billion in corporate funding during the first half (1H) of 2026, a 56% year-over-year (YoY) increase from $10.8 billion in the corresponding period of 2025, according to Mercom Capital Group’s 1...

July 31, 2026

Energy Storage

Storage, Engineering, and Service Become Distributed Solar’s Growth Drivers

India’s distributed solar and energy storage markets are expanding, driven by time-of-day (ToD) tariffs, evolving rooftop regulations, backup power requirements, peak-shaving applications, and falling lithium-ion battery prices. I...

August 4, 2026

Floating Solar

Cabinet Clears ₹50 Billion PM Surya Sarovar Floating Solar-Storage Program

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana, a ₹50.7 billion (~$530.20 million) program to develop 5 GW of floating solar projects with co-located energy storage systems across India. The program require...

July 31, 2026

Latest News

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PFC Awards Project to Evacuate 3 GW of Renewables in Andhra Pradesh

Power Finance Corporation (PFC) has announced the winner of the auction to establish the inter-state transmission system (ISTS) for integrating the Ananthapuram-III PS Renewable Energy Zone Phase-I (3 GW). Apraava Energy emerged as the winner. The...

August 4, 2026

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Daily News Wrap-Up: MNRE Proposes Uniform Solar Cell Nomenclature

The Ministry of New and Renewable Energy (MNRE) invited stakeholder comments on a draft proposal to introduce a standardized nomenclature for solar photovoltaic cell models included in the Approved List of Models and Manufacturers (ALMM) List II....

August 4, 2026

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MENA Weekly Round-Up: Egypt Signs PPA with Alcazar for 407 MW Wind Project

The Egyptian Electricity Transmission Company (EETC), the state-owned power grid operator, signed a power purchase agreement (PPA) with Alcazar Energy to construct a 407-MW wind power project in the Zafarana region. The agreement was signed by Mona...

August 4, 2026

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MNRE Proposes Standardized Nomenclature for Solar Cells Under ALMM List II

The Ministry of New and Renewable Energy (MNRE) has invited stakeholder comments on a draft proposal to introduce a standardized nomenclature for solar photovoltaic cell models included in the Approved List of Models and Manufacturers (ALMM) List II....

August 3, 2026

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India Can Build a Complete Solar Manufacturing Ecosystem Within Five Years: Interview

India’s solar manufacturing sector is expanding rapidly as the government pushes for greater domestic value addition through frameworks like the Approved List of Models and Manufacturers (ALMM). While solar module manufacturing capacity has...

August 3, 2026

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Green Hydrogen and Storage Key to Curbing Renewables Curtailment: Interview

As India rapidly expands renewable energy capacity, grid constraints are increasing the need for energy storage to support further deployment. Industry executives believe a combination of battery energy storage systems, pumped storage projects, and...

August 3, 2026

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Juniper Green Energy’s IPO Oversubscribed 6.12 Times

Independent renewable energy producer Juniper Green Energy’s ₹18 billion (~$188.66 million) initial public offering (IPO) was subscribed 6.12 times at the end of the bidding window on August  3, 2026. The price band was set at ₹214 (~$2.24) to ₹225...

August 3, 2026

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Central Electronics Tenders 30 MW Solar Project in Madhya Pradesh

Central Electronics (CEL) has floated a tender to set up a 30 MW ground-mounted solar project at the Sanjay Gandhi Thermal Power Plant in Birsinghpur, Madhya Pradesh. Bids must be submitted by August 10, 2026. Bids will be opened on the following...

August 3, 2026

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