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,...

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...

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...

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...

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,...

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...

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...

On the sidelines of the Mercom India Renewables Summit 2026, Mercom India spoke with Khalid Nadeem, Chief Operating Officer at SAEL, about the growing role of battery and pumped storage, the Approved List of Models and Manufacturers (ALMM) List-II...

EDP Renewables (EDPR), a renewable energy power producer, has agreed to sell an 80% common equity stake in a 384 MW solar and battery storage portfolio in California to an Ares Infrastructure Equity fund. The portfolio includes 200 MW of solar...