Mercom Research Focus
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Trina, Waaree, Goldi, Rayzon, and Saatvik Lead Solar Module Supply in 2025

Trina Solar, Waaree Energies, Goldi Solar, Rayzon Solar, and Saatvik Green Energy were the top solar module suppliers in 2025, according to Mercom’s recently released India Solar Market Leaderboard 2026. India’s solar module deman...

April 20, 2026

Markets & Policy

High Irradiance, Low Installations: The Solar Gap in Eastern and Central India

India’s average solar irradiance ranges from 3.5–5.5 kWh/m²/day across the country, with nearly every state offering significant potential for solar energy generation. However, several states with high irradiance and ample wastela...

April 21, 2026

Markets & Policy

APTEL Rules CAG Not Appropriate Body to Audit Delhi DISCOMs

The Appellate Tribunal for Electricity (APTEL) has set aside the Delhi Electricity Regulatory Commission’s (DERC) decision to appoint the Comptroller and Auditor General (CAG) to audit Delhi’s power distribution compan...

April 21, 2026

Electric Vehicles

Policy Fragmentation Across Indian States May Delay Transport Electrification

India’s electric vehicle (EV) push is being stymied by a lack of policy coherence, at a time when the need to decarbonize public and individual transport has never been more urgent. Two recent developments illustrate how policy in...

April 17, 2026

Latest News

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Rajasthan Issues Demand Flexibility Portfolio Obligation Targets for DISCOMs

The Rajasthan Electricity Regulatory Commission (RERC) has announced a demand flexibility portfolio obligation (DFPO) target of 0.25% for state distribution companies (DISCOM) for the financial year (FY) 2026-27. The Commission has also issued DFPO...

April 20, 2026

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SECI Invites Bids to Assess Demand for VPPA-Based Renewable Energy Procurement

The Solar Energy Corporation of India (SECI) has invited bids to assess and aggregate demand for virtual power purchase agreement (VPPA)-based renewable energy procurement. The information obtained through this tender will form the basis for...

April 20, 2026

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ContourGlobal Secures $52 Million Refinancing for Solar Portfolio in Greece

ContourGlobal, an international independent power producer backed by KKR, has secured €43.8 million (~$52 million) in refinancing from Eurobank for a 36.7 MW operational solar portfolio in Greece. The refinancing covers the majority of the...

April 20, 2026

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Battery Recycling Company Renewable Metals Secures $8.6 Million

Renewable Metals, an Australia-based lithium-ion battery recycling company, has secured AU$12 million (~$8.6 million) in an oversubscribed Series A funding round. The funding increased from an initial AU$8 million (~$5.7 million) target, bringing...

April 20, 2026

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Thermal Energy Storage Startup Rebound Technologies Secures $2 Million

Rebound Technologies, a U.S.-based thermal energy storage startup, has secured a $2 million strategic investment from KCC Manufacturing, a company that provides design, manufacturing, installation, and service in the HVAC industry. KCC Manufacturing,...

April 20, 2026

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Mitarsh Wins NTPC’s O&M Auction for 540 MW Solar Projects in Rajasthan

Mitarsh Energy has won NTPC Green Energy’s auction for the comprehensive operation and maintenance (O&M) of 540 MW grid-connected solar projects in Nokhra and Devikot, Rajasthan, for three years. The tender was issued in December 2025. Mitarsh’s...

April 20, 2026

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NPSPL to Invest ₹25 Billion for Cathode Material Plant in Andhra Pradesh

The Government of Andhra Pradesh has approved a ₹25.5 (~$274.1 million) investment by Kolkata-based NPSPL Specialty Chemicals to establish a cathode material manufacturing facility in the state’s Chittoor district. The facility will be spread across...

April 20, 2026

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Gujarat Approves Refund of Connectivity Charges for Distributed Solar Projects

The Gujarat Electricity Regulatory Commission (GERC) has approved the refund of connectivity charges of ₹100,000 (~$1,079) per application to small-scale distributed solar project developers who exercised the second-time exit option. The Commission...

April 20, 2026

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