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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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 (Tranche-II). With the latest commissioning, NTPC...

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 projects. The Commission also approved a trading margin of ₹0.07 (~$0.0008)/kWh for the 100...

October 27, 2025

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Aelius Turbina to Inaugurate BIPV Manufacturing Facility in January 2026

Mumbai-based solar engineering, procurement, and construction company Aelius Turbina has announced its expansion into manufacturing building-integrated photovoltaic (BIPV) products, including solar roof tiles, floor tiles, and facade panels. The...

October 27, 2025

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Vikran Engineering Bags EPC Contract from Ellume for 100 MW Solar Project

Vikran Engineering has received a letter of award from Ellume Energy MH SolarOne, valued at ₹3.54 billion (~$40.21 million), for the engineering, procurement, and construction (EPC) of a 100 MW grid-connected solar power project in Maharashtra. The...

October 27, 2025

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Dalmia Cement Increases Solar Energy Sourcing by 14 MW

Dalmia Cement (Bharat) has announced it will source 14 MW of solar power as a captive consumer from Velan Infra Projects, a renewable energy solutions provider, through three special purpose vehicles (SPVs) in Tamil Nadu. Dalmia has entered into a...

October 27, 2025

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Centrifugal Fans Manufacturer Reitz India Saves on Power Bills with Rooftop Solar

Industrial-grade centrifugal fans manufacturer Reitz India has saved ₹6.7 million (~$76,279 annually by installing a 650 kW rooftop solar project at its Isnapur facility in Andhra Pradesh. Reitz manufacturers centrifugal fans for the cement, oil and...

October 27, 2025

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Daily News Wrap-Up: Global Solar Funding Dipped 22% YoY in 9M 2025

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 of 2025, 22% lower than the $22.3 billion raised in 9M 2024. However,...

October 27, 2025

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REC Profit Up 9.4% in Q2 FY 2026, Renewable Energy Loans Grow 15%

Public infrastructure finance company REC has posted a net profit of ₹44.14 billion (~$530.4 million) for the second quarter (Q2) of the financial year (FY) 2026, up from ₹40.37 billion (~$484.9 million) in the corresponding period of the previous...

October 27, 2025

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