Mercom Research Focus
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Solar Tenders and Auctions Decline in Q1 2026 Amid Focus on Project Execution

In Q1 2026, government agencies issued nearly 6 GW of solar tenders, a 68% decrease from 17 GW in Q1 2025 but almost double the capacity issued in Q4 2025. Although individual agency targets for FY 2025-26 have not yet been specif...

May 12, 2026

Mercom Research Focus

Global Corporate Funding for Solar Surges 131% YoY to $11.1 Billion in Q1 2026

Corporate funding in the solar sector rose to $11.1 billion across 53 deals in the first quarter of 2026, marking a 131% year-over-year increase from the $4.8 billion raised across 39 deals in Q1 2025, according to Mercom Capital ...

May 8, 2026

Energy Storage

Damodar Valley Corporation Names Winner of 500 MWh Energy Storage Auction

Damodar Valley Corporation (DVC) has announced the winner of the auction to set up a 250 MW/500 MWh battery energy storage system (BESS) project in Maithon, Jharkhand. Pace Digitek won the project valued at ₹7.02 billion (~$74.33 ...

May 8, 2026

Grid

Supreme Court Rules Railways Must Pay Open Access Surcharges

The Supreme Court has ruled that Indian Railways cannot claim the status of a deemed distribution licensee (DDL) under the Electricity Act, holding that its electricity infrastructure is intended solely for its own operational req...

May 11, 2026

Latest News

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NHPC Issues RfS for 13 MW of Rooftop Solar Projects in Northeast India

NHPC has issued a request for selection (RfS) to set up 13.255 MW of grid-connected rooftop solar projects across Sikkim, Manipur, and Nagaland. Selected bidders will install 5,060 kW of solar projects in Sikkim, 5,627 kW in Manipur, and 2,568 kW in...

May 12, 2026

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Grenergy Secures $268 Million Financing for Solar and Storage Project in Chile

Spanish clean energy producer Grenergy has closed a $268 million senior non-recourse financing agreement for the Monte Águila solar and energy storage project in Chile. The financing includes credit facilities and was led by BNP Paribas as the...

May 12, 2026

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MNRE Bars Duplicate Module, Inverter Serial Number Submissions Under Surya Ghar

The Ministry of New and Renewable Energy (MNRE) has discontinued the provision that allowed installation submissions containing duplicate entries of solar module or inverter serial numbers to be submitted based on a vendor undertaking under PM Surya...

May 12, 2026

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Premier Energies, Syrma SGS Drop Plan to Acquire K-Solare Stake

Hyderabad-based Premier Energies and Syrma SGS Technology have decided not to proceed with the proposed acquisition of K-Solare Energy, an inverter manufacturer, through a joint venture. Premier Energies said the decision followed mutual discussions...

May 12, 2026

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FH Capital to Acquire 75% Stake in JinkoSolar’s US Subsidiary

Private equity firm, FH Capital, has entered into a definitive agreement to acquire a 75.1% stake in China-based solar module and cell manufacturer, JinkoSolar’s U.S. subsidiary. Post-acquisition, JinkoSolar will hold a 24.9% minority stake in its U....

May 12, 2026

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Gujarat Regulator Clears GUVNL’s Bid Deviations for Firm Renewable Power

The Gujarat Electricity Regulatory Commission (GERC) has allowed Gujarat Urja Vikas Nigam’s (GUVNL) request to modify the bid documents and the draft power purchase agreement (PPA) for procuring firm and dispatchable renewable energy (FDRE)...

May 12, 2026

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EU Trails 2030 Climate Goals as Solar-Storage Offers Fastest Fix: Report

Accelerated deployment of solar systems combined with battery energy storage systems (BESS) offers the fastest and most cost-effective pathway for the European Union to reach its 2030 climate and renewable energy targets, according to a SolarPower...

May 12, 2026

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Daily News Wrap-Up: Supreme Court Directs Railways to Pay Open Access Charges

The Supreme Court ruled that Indian Railways cannot claim the status of a deemed distribution licensee under the Electricity Act, holding that its electricity infrastructure is intended solely for its own operational requirements and does not...

May 12, 2026

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MENA Weekly Round-Up: Masdar to Lead Abu Dhabi Solar and Storage Expansion

Masdar signed an agreement with the Emirates Water and Electricity Authority (EWEC), under which it will represent Abu Dhabi in domestic solar independent power producer projects. The agreement aims to accelerate the deployment of over 30 GW of...

May 12, 2026

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Bluefield Solar Secures $163 Million Debt for Solar Projects

Bluefield Solar (BSIF), the London-listed U.K. income fund focused primarily on acquiring and managing solar energy assets, has reached financial close on a debt raise of up to £120 million (~$163 million) term loan commitments to fund the...

May 12, 2026

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