Mercom Research Focus
thumbnail
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

Mercom Research Focus

DCR Module Shortage Derails Rooftop Solar Timelines Despite Strong Demand

Accounting for 18% of India’s total solar installations in Q1 2026, the rooftop solar segment has been a key growth driver in the country’s efforts to fast-track its clean energy transition. Spurred by ambitious government i...

July 30, 2026

Rooftop

Larger Capacity Rooftop Solar Systems Dominate PM Surya Ghar Installations

An overwhelming majority of rooftop solar systems installed under the PM Surya Ghar: Muft Bijli Yojana are above 3 kW, according to statistics furnished by the government in Parliament. Central Government subsidies for a 3-kW syst...

July 30, 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

thumbnail
Thermal Battery Company Antora Energy Raises $550 Million in Funding

Antora Energy, a developer of thermal batteries, has raised $550 million in an oversubscribed Series C funding round co-led by G2 Venture Partners and Eclipse. New investors included Ribbit Capital, Salesforce Ventures, Activate Capital, John Doerr,...

July 31, 2026

thumbnail
Tata Power Begins Work on 800 MW Wind-Solar Project in Andhra Pradesh

Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has begun construction of an 800 MW wind-solar project in Andhra Pradesh. The project will comprise 400 MW of solar capacity at Pattikonda in Kurnool district and 400 MW of wind...

July 31, 2026

thumbnail
Solar Module Sales Lift Waaree’s Q1 Revenue; New US Production Lines Soon

Solar module manufacturer Waaree Energies reported revenue of ₹79.38 billion (~$831.06 million) in the first quarter (Q1) of the financial year (FY) 2027, up 79.2% year-over-year (YoY) from ₹44.26 billion (~$463.72 million). Earnings before interest,...

July 31, 2026

thumbnail
First Solar Reaffirms 2026 Guidance Despite 4% YoY Q2 Revenue Fall

U.S.-based solar module manufacturer First Solar reported net sales of $1.06 billion in the second quarter (Q2) of 2026, a 3.7% year-over-year (YoY) decline from $1.1 billion. Revenue was broadly in line with analysts’ expectations. The decline was...

July 31, 2026

thumbnail
Uttar Pradesh Draft Electricity Grid Code Focuses on Renewables, Storage

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has issued the draft Uttar Pradesh Electricity Grid Code Regulations, 2026, proposing a revised framework for planning, connecting, commissioning, and operating the state’s electricity...

July 31, 2026

thumbnail
ACME’s Revenue Up 68% in Q1 on Higher Electricity Sales

Gurugram-based independent power producer ACME Solar Holdings reported a revenue of ₹8.58 billion (~$90.8 million) in the first quarter (Q1) of the financial year (FY) 2027, up 67.8% year-over-year (YoY) from ₹5.11 billion (~$54.1 million). Revenue...

July 31, 2026

thumbnail
Avaada Bags $1.3 Billion Financing for 2.15 GW Renewables Portfolio

Renewable energy company Avaada Group has secured approximately $1.3 billion in financial closure for its 2.15 GW renewable energy portfolio. The financing was approved by financial institutions such as the State Bank of India, REC, and Canara Bank,...

July 31, 2026

thumbnail
APTEL Upholds Guarantee Encashment in Delayed 1.5 GW Tamil Nadu Solar Project

The Appellate Tribunal for Electricity (APTEL) has upheld the encashment of performance guarantees by the Tamil Nadu Generation and Distribution Company (TANGEDCO) due to delays by a solar developer in commissioning a 1.5 GW project. However, it...

July 31, 2026

thumbnail
Rajasthan Invites Bids for 696 Public EV Charging Stations

The Rajasthan Renewable Energy Corporation (RRECL) has invited bids to commission public electric vehicle (EV) charging infrastructure across 236 locations in the state. The chargers are being installed under the PM E-DRIVE program. The last day to...

July 31, 2026

MORE NEWS