Mercom Research Focus
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India’s Solar Power Generation Soars 24.3% YoY to 52 BU in Q1 2026

In Q1 2026, India achieved a significant milestone, generating approximately 52 billion units (BU) of solar power, registering a 24.3% year-over-year (YoY) increase, as reported by the Central Electricity Authority (CEA). Solar ge...

May 13, 2026

Mercom Research Focus

Solar Tenders and Auctions Decline in Q1 2026 Amid Focus on Project Execution

In Q1 2026, government agencies issued nearly 6 GW of solar tenders, a 68% decrease from 17 GW in Q1 2025 but almost double the capacity issued in Q4 2025. Although individual agency targets for FY 2025-26 have not yet been specif...

May 12, 2026

C&I

Renewable Energy Solution Providers to Gain from Green Energy Transition

The transition to green energy continues to accelerate in India, driven by policy support, declining solar technology costs, and rising electricity demand across commercial, industrial, and residential segments. The growth traject...

May 13, 2026

Grid

Supreme Court Rules Railways Must Pay Open Access Surcharges

The Supreme Court has ruled that Indian Railways cannot claim the status of a deemed distribution licensee (DDL) under the Electricity Act, holding that its electricity infrastructure is intended solely for its own operational req...

May 11, 2026

Latest News

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GRID India Suggests Stability Safeguards for Battery Storage Projects

The Grid Controller of India (GRID India) has suggested to the Central Transmission Utility (CTUIL) that all new battery energy storage systems (BESS) above 50 MW be mandated to have grid-forming capability at the time of granting connectivity. The...

May 13, 2026

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Daily News Wrap-Up: Solar Tenders and Auctions Drop in Q1 2026

In the first quarter (Q1) of 2026, government agencies issued nearly 6 GW of solar tenders, a 68% year-over-year decrease from 17 GW but almost double the capacity issued in Q4 2025. Although individual agency targets for FY 2025-26 have not yet...

May 13, 2026

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Sunrun Q1 2026 Revenue Rises 43%, Beats Analyst Estimates of $688 Million

U.S.-based residential solar and battery storage provider Sunrun reported a revenue of $722.2 million in Q1 2026, increasing 43% year-over-year (YoY) from $504.3 million. The revenue beat analyst expectations of $688.5 million. Profit after tax...

May 13, 2026

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Torrent Power’s Q4 FY 2026 Revenue Flat Due to Gas Market Volatility

Gujarat-based Torrent Power posted revenue of ₹64.06 billion (~$673.03 million) in the fourth quarter (Q4) of the financial year (FY) 2026, down 0.8% year-over-year (YoY) from ₹64.56 billion (~$678.28 million). Revenue growth from the renewable...

May 13, 2026

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Project Finance Brief: Solar Landscape Secures $600 Million

From: Mercom Capital Group Solar Landscape, a U.S.-based commercial rooftop solar developer, has secured a $600 million green-labeled senior debt warehouse facility to support its distributed solar project pipeline across the U.S. The financing...

May 13, 2026

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Funding and M&A Roundup: Nyobolt Raises $60 Million

From: Mercom Capital Group Nyobolt, a U.K.-based fast-charging Li-ion battery solutions developer, raised $60 million in a Series C funding round, bringing the company’s valuation to $1 billion. The company plans to use the proceeds to expand its...

May 13, 2026

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Array Technologies’ Q1 Revenue Falls 26% YoY, Exceeds Analysts’ Expectations

U.S.-based solar tracker company Array Technologies reported revenue of $223.4 million in the first quarter (Q1) of 2026, down 26% year-over-year (YoY) compared to $302.4 million. The revenue exceeded analysts’ expectations by $21.75 million....

May 13, 2026

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Borosil Renewables’ Revenue Jumps 18% YoY, Reports Profit of ₹1.69 Billion in Q4

Mumbai-based solar glass manufacturer Borosil Renewables reported revenue of ₹4.4 billion (~$46.24 million) in the fourth quarter (Q4) of the financial year (FY) 2026, increasing 17.77% from ₹3.74 billion (~$39.26 million) a year ago. Its profit...

May 12, 2026

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