Mercom Research Focus
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Global Solar Sector Attracts $17.3 Billion Corporate Funding in 9M 2025, Down 22% YoY

Total corporate funding, including venture capital funding, public market, and debt financing, for the solar sector globally, stood at $17.3 billion in the first nine months (9M) of 2025, 22% lower than the $22.3 billion raised in...

October 24, 2025

Mercom Research Focus

India’s Utility-Scale Solar Tender and Auction Activity Surges in Q3 2025

A total of 16.5 GW of utility-scale solar tenders were issued by various agencies in the third quarter (Q3) of the calendar year 2025, representing a 137.6% increase from 6.9 GW in the previous quarter and a decrease of 17.8 % fro...

October 23, 2025

Grid

India’s Grid Goes Digital: TCE Leads First 400 kV Dynamic Line Rating Project

Tata Consulting Engineers (TCE), in collaboration with Enline and Gridpulse, has commissioned a 400 kV dynamic line rating (DLR) project for Power Grid Corporation of India (PGCIL) on the Madurai–Tuticorin transmission line in Tam...

October 23, 2025

Markets & Policy

Government Issues Draft Revisions to Captive Power Project Rules

The Ministry of Power has proposed to revise Rule 3 of the Electricity Rules, 2005, setting out the requirements for qualifying a power project as a captive project. The draft retains the key thresholds for ownership and consumpti...

October 23, 2025

Latest News

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Green Hydrogen Producer HYDGEN Raises $5 Million in Equity and Debt

Industrial-scale green hydrogen generation company HYDGEN has raised $5 million in a mix of equity and debt round led by Transition VC, with participation from Cloudberry Pioneer Investments (Europe), Moringa Ventures (Singapore), and strategic...

October 27, 2025

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Crompton Greaves Secures Order for 77 MW Rooftop Solar Systems

Crompton Greaves Consumer Electricals has secured an order to supply 77 MW of on-grid residential rooftop solar systems in Andhra Pradesh. The total order amounts to ₹4.45 billion (~$50.42 million). This order is for the supply of 2 kW solar systems...

October 27, 2025

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Honda Motor Acquires Stake in OMC Power to Repurpose EV Batteries

Electric vehicle (EV) manufacturer, Honda Motor, has made an equity investment in OMC Power, a distributed power supply and mini-grid business, to develop clean energy storage batteries jointly. Honda Motor did not disclose the financial details of...

October 27, 2025

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Smart Grid Analytics Raises $3.3 Million from Strategic Investors

Bengaluru-based renewable energy intelligence company Smart Grid Analytics has raised $3.3 million (~₹289.75 million) in funding from strategic investors and clean energy veterans worldwide. The funding will be used to develop technology to make...

October 27, 2025

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NHPC Commissions 300 MW Karnisar Solar Project in Rajasthan

NHPC has announced the commencement of commercial operations at full capacity of its 300 MW Karnisar Solar Project in Bikaner, Rajasthan, following the completion of the fifth and final phase of 85.72 MW. The company has six solar projects with a...

October 27, 2025

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GERC Rejects Plea for Extending Commissioning Time for 4 MW Solar Project

The Gujarat Electricity Regulatory Commission (GERC) has rejected a petition by a solar power developer seeking to extend the commissioning deadline for its 3.94 MW ground-mounted systems. The solar developer, Saanika Polytex, had received a...

October 27, 2025

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Germany Floats Tender for 2.32 GW Solar Projects

Germany’s Federal Network Agency (Bundesnetzagentur) has invited bids for 2.32 GW of solar projects. Bids must be submitted by December 1, 2025. The tender volume of 2.32 GW represents the total capacity for which financial support under the EEG...

October 27, 2025

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China Adds 28 GW of Solar Capacity in Q3 2025, Down 52% YoY

China added 28.06 GW of solar power capacity in the third quarter (Q3) of 2025, a 52% year-over-year (YoY) decrease from 58.4 GW, according to the National Energy Administration. The China Photovoltaic Industry Association had noted that solar...

October 27, 2025

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NTPC Commissions 95.75 MW Capacity at Khavda-I Solar Project

NTPC Green Energy (NGEL) has commissioned 95.75 MW out of the 1,255 MW Khavda-I Solar Project in Gujarat. The project was set up under Phase II of the Central Public Sector Undertaking (CPSU) program. With the latest commissioning, NTPC Green’s...

October 27, 2025

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CERC Approves Tariff for 100 MW Capacity of SECI’s 1.2 GW Solar Projects

The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.5 (~$0.028)/kWh for Solar Energy Corporation of India’s (SECI) 100 MW solar project. The Commission also approved a trading margin of ₹0.07 (~$0.0008)/kWh for the 100...

October 27, 2025

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