Mercom Research Focus
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Solar’s Share in India’s Renewable Capacity Climbs to 56.4% in Q2 2026

Solar continued to dominate India’s renewable energy landscape. Installed solar capacity reached 163.7 GW, accounting for 29.7% of the country’s total power capacity and 56.4% of its renewable energy capacity. The addi...

July 27, 2026

Rooftop

SECI Announces Winners of 4.4 MW Rooftop Solar Project Auction

The Solar Energy Corporation of India (SECI) has announced the winners of its auction to set up 4.455 MW of grid-connected rooftop solar projects (Tranche IX) across India under the renewable energy service company model. The tend...

July 24, 2026

Mercom Research Focus

Could US FEOC Rules Create New Export Opportunities for Indian Solar Manufacturers?

With the U.S. beginning to enforce the Foreign Entity of Concern (FEOC) rules and global buyers accelerating China+1 sourcing strategies, Indian solar module manufacturers are positioning themselves to capture new export opportuni...

July 24, 2026

Markets & Policy

Open Access Will Drive Large-Scale C&I Renewable Adoption: Interview

India added 2.7 GW of solar open access capacity in the first quarter of 2026, up 55% quarter-over-quarter, according to the Q1 Mercom India Solar Open Access Market Report. The growth was supported by favorable policies, growing ...

July 24, 2026

Latest News

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NTPC Green Energy’s Q1 Profit Rises 38% YoY on Higher Generation

NTPC Green Energy (NGEL) reported a net profit of ₹3.05 billion (~$31.55 million) in the first quarter (Q1) of the financial year (FY) 2027, a 38% increase year-over-year (YoY) from ₹2.2 billion (~$22.76 million). The company reported a total income...

July 27, 2026

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Daily News Wrap-Up: US FEOC Rules May Benefit Indian Solar Exporters

With the U.S. beginning to enforce the Foreign Entity of Concern (FEOC) rules and global buyers accelerating China+1 sourcing strategies, Indian solar module manufacturers are positioning themselves to capture new export opportunities and expand...

July 27, 2026

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IIT Jammu Invites EOIs for 2.2 MW Solar Project with 8 MWh Battery Storage

The Indian Institute of Technology (IIT) Jammu has invited expressions of interest (EOIs) to commission a 2.2 MW hybrid solar project integrated with an 8 MWh battery energy storage system (BESS) at its Jagti campus in Jammu and Kashmir. The last...

July 27, 2026

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MN8 to Acquire Greenbacker in Deal Valued at Up to $375 Million

MN8 Energy, a power platform developing, owning, and operating energy assets, has entered into a definitive agreement to acquire independent power producer Greenbacker Renewable Energy Company in a cash-and-equity transaction valued at up to...

July 27, 2026

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RECPDCL Announces Winner of 4.5 GW Transmission Project

REC Power Development and Consultancy (RECPDCL) has announced the winner of its auction to set up an interstate transmission system (ISTS) to evacuate power from 4.5 GW of green hydrogen/ammonia projects in Visakhapatnam, Andhra Pradesh. Adani...

July 24, 2026

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SAS, URECO Form US Joint Venture to Build 1 GW Solar Module Plant

Sino-American Silicon Products (SAS), a Taiwan-based manufacturer of semiconductor and renewable energy materials, and United Renewable Energy (URECO), a Taiwanese solar cell and module manufacturer, have established a U.S.-based joint venture to...

July 24, 2026

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PFC Consulting Tenders Two 765 kV Intrastate Transmission Projects in Rajasthan

PFC Consulting has invited bids to develop an intrastate transmission system (InSTS) for 765 kV grid substations in Bikaner and Babai in Rajasthan. Bidders must submit a tender fee of ₹500,000 (~$5,170.8) for each project. The last date to submit...

July 24, 2026

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Brookfield to Acquire Battery Storage Platform Aypa Power for $7 Billion

Brookfield Asset Management, a New York-headquartered global investment firm focused on infrastructure, renewable energy, private equity, real estate, and credit, has agreed to acquire North American battery storage platform Aypa Power from funds...

July 24, 2026

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