Mercom Research Focus
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India’s Wind Energy Installations Up 105% YoY in Q3 2025

India added 1.4 GW of wind energy capacity in the third quarter (Q3) of 2025, a 105% year-over-year (YoY) increase from 706.5 MW in Q3 2024, according to Mercom India Research. Capacity additions, however, fell 11% compared to Q2 ...

October 28, 2025

Markets & Policy

MPERC Drops RPO Default Cases After Power Ministry’s Notification

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has withdrawn 65 suo motu petitions initiated against various obligated entities for non-compliance with renewable purchase obligation (RPO) targets. This move follows a...

October 28, 2025

Mercom Research Focus

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

Markets & Policy

Uttar Pradesh Issues New Framework for Captive Renewable Energy Projects

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has notified the Captive and Renewable Energy Generating Plants Regulations, 2024, setting a comprehensive framework for renewable and captive generation in the state fro...

October 28, 2025

Latest News

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EV Powertrain Company Raises ₹400 Million from Avaana Capital

Greater Noida-based electric vehicle (EV) powertrain design and manufacturing company Tsuyo has raised ₹400 million (~$4.82 million) in a Pre-Series A funding round led by Avaana Capital. The funding will be used to establish Tsuyo’s third...

October 29, 2025

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Saudi Arabia Awards 4.5 GW of Solar and Wind Energy Projects

The Saudi Power Procurement Company (SPPC) has awarded four solar and one wind projects totaling 4.5 GW in the sixth phase of the National Renewable Energy Program (NREP). Solar Projects Abu Dhabi Future Energy Company won the 1.4 GW Najran solar...

October 29, 2025

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ADB Approves $460 Million Loan for Agricultural Solarization in Maharashtra

The Asian Development Bank (ADB) has approved a results-based loan of $460 million to modernize rural power infrastructure, promote distributed renewable energy generation, and improve agricultural productivity by providing farmers with reliable...

October 29, 2025

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KPI Green Bags LoI for 600 MW Solar Plus Storage Project from FVE Lifecare

Surat-based renewable energy solutions provider KPI Green Energy has received a letter of intent (LoI) from UAE-based FVE Lifecare General Trading, part of the F Plus Group, to develop a 600 MW solar plus storage project at an estimated cost of ₹10....

October 29, 2025

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Enphase Q3 Revenue Best in Two Years on Higher Inverter, Battery Demand

Microinverter and battery storage supplier Enphase Energy’s revenue for the third quarter (Q3) of 2025 rose 7.8% year-over-year (YoY) to  $410.4 million from $380.87 million. The company’s Q3 revenue is the highest in a quarter over the last two...

October 29, 2025

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Blueleaf, BII Sign $75 Million Agreement to Boost Renewable Energy in India

Singapore-based renewable energy platform Blueleaf Energy has signed an agreement with UK-based development finance institution and impact investor British International Investment (BII) to invest $75 million in India’s energy transition. Blueleaf...

October 29, 2025

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Bloom Energy Beats Analyst Estimates Despite $23 Million Q3 Loss

Fuel cell and electrolyzer manufacturer Bloom Energy has reported a revenue of $519.05 million for the third quarter (Q3) of 2025, a 57% year-over-year (YoY) increase from $330.4 million. The revenue exceeded analysts’ expectations by $90.98 million....

October 29, 2025

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Premier Energies’ Q2 Revenue Rises 20% on Strong Solar Cell and Module Demand

Solar module and cell manufacturer Premier Energies reported a revenue of ₹18.37 billion (~$208.5 million) in the second quarter (Q2) of the financial year (FY) 2026, a 20.3% year-over-year (YoY) increase from ₹15.27 billion (~$173.3 million). The...

October 29, 2025

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JAKEDA Issues Empanelment Tender for 153 MW Rooftop Solar Projects

Jammu and Kashmir Energy Development Agency (JAKEDA) has issued a request for selection (RfS) to empanel developers to set up 152.75 MW of grid-connected rooftop solar projects on government buildings in the union territory under the renewable...

October 29, 2025

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Goldi Solar Secures ₹14 Billion in Havells-led Funding Round

Solar module manufacturer Goldi Solar has secured ₹14.22 billion (~$161.07 million) in growth capital in a funding round led by Havells India, high-net-worth individuals, and institutional and strategic investors. Some of the investors included...

October 29, 2025

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