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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Canadian Solar Subsidiary Opens First Phase of 6 GW Solar Cell Plant

CS PowerTech, the U.S. manufacturing subsidiary of Canadian Solar, has inaugurated the first phase of its solar cell manufacturing facility in Jeffersonville, Indiana. Once fully built out, the facility is expected to have an annual production...

July 27, 2026

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Bondada Acquires 60% Stake in Onix’s 225 MW Solar Project in Maharashtra

Bondada Engineering (BEL) has acquired a 60% equity stake in Onix IPP, which entitles the company to a controlling interest in a 225 MW solar power project in Maharashtra, under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. Onix IPP is a special...

July 27, 2026

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Grenergy Secures $114 Million for 618 MWh Battery Storage Project in Spain

Grenergy, a Spanish clean energy producer, has closed €100 million (~$117.7 million) in senior non-recourse financing, including credit facilities, for its 618 MWh Oviedo standalone battery energy storage project in Spain. Santander and Sumitomo...

July 27, 2026

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Greenvolt to Sell 57.47 MW Hungary Solar Project for $73 Million

Greenvolt Power, a developer of wind, solar, and battery energy storage projects, and part of the Greenvolt Group, has signed an agreement to sell a 57.47 MW solar project in Hungary to PPC Group, a Greece-based electric power and natural gas...

July 27, 2026

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REC’s Revenue Falls 3%, Profit Declines by 6% in Q1 FY 2027

Public infrastructure finance company REC recorded revenue from operations of ₹144.35 billion (~$1.5 billion) for the first quarter of the financial year (FY) 2027, down 3% year-over-year (YoY) from ₹148.17 billion (~$1.54 billion). REC’s profit...

July 27, 2026

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Solar Manufacturing May Outpace Demand Due to Grid Constraints: Interview

With 139 GW of solar module manufacturing capacity registered under the Approved List of Models and Manufacturers (ALMM), India’s solar manufacturing industry may be heading toward overcapacity. Manufacturing capacity now far exceeds near-term...

July 27, 2026

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Waaree Renewable Bags EPC Contract for 800 MW Solar Projects

Waaree Renewable Technologies (WRTL) has received letters of award for engineering, procurement, and construction contracts for two ground-mounted solar projects with a combined capacity of 800 MW. The projects have an individual capacity of 400 MW...

July 27, 2026

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SECI Tenders 5.29 MW Rooftop Solar Projects at Eight Government Institutions

The Solar Energy Corporation of India (SECI) has invited bids to select solar power developers for setting up 5.29 MW rooftop solar projects across eight government institutions under the Renewable Energy Service Company (RESCO) model (Tranche XII)....

July 27, 2026

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SJVN Invites Bids for 265 MW/530 MWh Battery Storage Project in Haryana

SJVN has invited bids to develop 265 MW/530 MWh of standalone battery energy storage systems (BESS) in Haryana. The tender comprises a 250 MW/500 MWh BESS project supported under the Power System Development Fund (PSDF) viability gap funding (VGF)...

July 27, 2026

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