Mercom Research Focus
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Q3 2025 Sees Cost Drop in Large-Scale Solar Systems Across Module Types

The average system cost of large-scale solar projects remained low in the third quarter of 2025, with cost reductions seen across all module technologies. Projects using Indian TOPCon modules were the premium option in terms of co...

November 27, 2025

Mercom Research Focus

India Added 4.9 GW Rooftop Solar Capacity in 9M 2025

India added 4.9 GW of rooftop solar capacity in the first nine months (9M) of the calendar year 2025, compared to 1.9 GW in the previous year, a 161% year-over-year (YoY) increase, according to Mercom India’s newly released Q3 202...

November 25, 2025

C&I

Banks Roll Out Low-Cost, Faster Green Loans to Drive C&I Solar Adoption

Lending institutions are reporting a sharp rise in demand for clean-energy financing from India’s commercial and industrial (C&I) sector, as companies ramp up investments in rooftop solar, green energy open access, and energy ...

November 27, 2025

Grid

CERC Favors Grid Connectivity Only to Renewable Energy Projects with PPAs

A new staff paper by the Central Electricity Regulatory Commission (CERC) has suggested that grid connectivity for renewable energy projects be given only if they have signed power purchase agreements. As another option, it has be...

November 26, 2025

Latest News

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Waaree to Supply 350 MW of TOPCon Modules for AMPIN’s Solar Projects

Solar module manufacturer Waaree Energies has secured a 350 MW order from AMPIN Energy Transition to supply high-efficiency G12R TOPCon modules for AMPIN’s upcoming solar projects across India. Waaree Energies is expected to complete the deliveries...

November 28, 2025

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Premier-Green Aluminium to Raise ₹600 Million for Solar Module Frame Production

Premier-Green Aluminium, a joint venture company of Premier Energies, aims to raise ₹600 million (~$6.7 million) in tranches to implement an aluminum frame project to support its solar module manufacturing. The company has issued has issued 25,000...

November 28, 2025

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Odisha Updates Rooftop Solar Net-Metering Rules to Allow Hybrid Inverters

The Odisha Electricity Regulatory Commission (OERC) has amended its net metering and bi-directional metering framework for rooftop solar systems, aligning the state regulations with recent Ministry of New and Renewable Energy (MNRE) guidelines....

November 28, 2025

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Daily News Wrap-Up: Q3 Sees Lower System Costs for Large-Scale Solar Projects

The average system cost of large-scale solar projects remained low in the third quarter of 2025, with cost reductions seen across all module technologies. Projects using Indian TOPCon modules were the premium option in terms of cost, whereas...

November 28, 2025

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Solar Manufacturing Policy Certainty Critical For Investors: Interview

In an exclusive interview with Mercom, Manish Gupta, Chairman at INA Solar, shared his insights about the rapidly changing landscape of solar manufacturing and his company’s plans to meet the ever-growing demand of the Indian solar industry....

November 28, 2025

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Telangana to Create Third DISCOM, Procure 3 GW of Solar

The Telangana Cabinet has given the go-ahead to create a third electricity distribution company (DISCOM). The new DISCOM will be responsible for the supply of power to farmers, lift-irrigation programs, beneficiaries of Mission Bhagiratha, street...

November 27, 2025

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Candi Solar Raises $58.5 Million in IFC-Led Funding Round

Switzerland-headquartered solar solutions provider Candi Solar has secured $58.5 million in a funding round led by the global development institution, International Finance Corporation (IFC), to deliver clean, affordable solar solutions in India and...

November 27, 2025

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EV Charging Platform BatteryPool Raises ₹80 Million in Pre-Series A Round

Pune-based battery-as-a-service company BatteryPool has raised ₹80 million (~$895,957) in a pre-series A round led by Inflection Point Ventures. Indian Angel Network, Chennai Angels, and Keiretsu Forum also participated in this round, along with...

November 27, 2025

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Grasim to Procure Solar Power from GMR Energy’s 10 MW Project

Grasim Industries, an Aditya Birla Group company, will invest ₹36 million (~$403,320.60) to acquire a 29% equity stake in GMR Kalinga Solar Power, a special-purpose vehicle of GMR Energy. GMR Kalinga is developing a 10 MW solar project from which...

November 27, 2025

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Waaree Group Secures 10 MWh BESS Order in Tamil Nadu

Waaree Group has announced that it has secured a 10 MWh order for battery energy storage systems (BESS) from an infrastructure development company for deployment in Tamil Nadu. The company is scaling domestic battery storage manufacturing with a 4...

November 27, 2025

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