Mercom Research Focus
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India’s Solar Power Generation Soars 24.3% YoY to 52 BU in Q1 2026

In Q1 2026, India achieved a significant milestone, generating approximately 52 billion units (BU) of solar power, registering a 24.3% year-over-year (YoY) increase, as reported by the Central Electricity Authority (CEA). Solar ge...

May 13, 2026

Mercom Research Focus

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

C&I

Renewable Energy Solution Providers to Gain from Green Energy Transition

The transition to green energy continues to accelerate in India, driven by policy support, declining solar technology costs, and rising electricity demand across commercial, industrial, and residential segments. The growth traject...

May 13, 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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Nextpower to Acquire Zigor’s Power Conversion Assets and Apex Power

Nextpower (previously known as Nextracker), a solar PV solutions provider, has entered into a definitive agreement to acquire complementary assets of Zigor Corporation’s power-conversion business and its U.S.-based subsidiary, Apex Power. The...

May 13, 2026

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Tamil Nadu Approves Procurement of 12 MW of Solar Power Under PM KUSUM

The Tamil Nadu Electricity Regulatory Commission (TNERC) has approved tariffs in the range of ₹3.02 (~$0.0315)/kWh to ₹3.09 (~$0.0323)/kWh for the procurement of 12 MW of solar power under Component-A of the Pradhan Mantri Kisan Urja Suraksha evam...

May 13, 2026

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NTPC Invites Bids for Repowering 5 MW Solar Project in Andaman

NTPC has invited bids for an engineering, procurement, and construction (EPC) package to repower its 5 MW NTPC Andaman solar project at Garacharma in Port Blair. The scope includes the supply, erection, testing, and inspection of equipment and...

May 13, 2026

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CleanMax’s Q4 Revenue Up 29% on Higher Renewable Energy Sales

Clean energy solutions provider Clean Max Enviro Energy Solutions’ income for the fourth quarter (Q4) of the financial year (FY) 2026 rose 29.2% year-over-year (YoY) to ₹6.40 billion (~$66.90 million) from ₹4.95 billion (~$51.79 million). Revenue...

May 13, 2026

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Fabric Manufacturer G.M. Syntex Saves ₹40 Million Annually by Going Solar

Large commercial and industrial (C&I) consumers are increasingly turning to solar power to meet sustainability goals and reduce their electricity expenditure. Businesses with continuous power demand can achieve significant savings by utilizing...

May 13, 2026

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GRID India Suggests Stability Safeguards for Battery Storage Projects

The Grid Controller of India (GRID India) has suggested to the Central Transmission Utility (CTUIL) that all new battery energy storage systems (BESS) above 50 MW be mandated to have grid-forming capability at the time of granting connectivity. The...

May 13, 2026

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Daily News Wrap-Up: Solar Tenders and Auctions Drop in Q1 2026

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

May 13, 2026

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Sunrun Q1 2026 Revenue Rises 43%, Beats Analyst Estimates of $688 Million

U.S.-based residential solar and battery storage provider Sunrun reported a revenue of $722.2 million in Q1 2026, increasing 43% year-over-year (YoY) from $504.3 million. The revenue beat analyst expectations of $688.5 million. Profit after tax...

May 13, 2026

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Torrent Power’s Q4 FY 2026 Revenue Flat Due to Gas Market Volatility

Gujarat-based Torrent Power posted revenue of ₹64.06 billion (~$673.03 million) in the fourth quarter (Q4) of the financial year (FY) 2026, down 0.8% year-over-year (YoY) from ₹64.56 billion (~$678.28 million). Revenue growth from the renewable...

May 13, 2026

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