Mercom Research Focus
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India’s Solar Imports Rise 14% QoQ in Q1 2026, Exports Continue to Decline

India imported solar cells and modules worth over $1.27 billion (~₹116 billion) in Q1 2026, a 2.8% year-over-year (YoY) decline from $1.3 billion (~₹112.9 billion) in Q1 2025, according to data from the Department of Commerce. On ...

June 1, 2026

Mercom Research Focus

Energy Storage Firms Secure $2.3 Billion in Corporate Funding in Q1 2026

Corporate funding for energy storage companies, including venture capital (VC) investments, public market funding, and debt financing, increased 5% year-over-year (YoY) in the first quarter (Q1) of 2026, according to Mercom Capita...

May 29, 2026

Markets & Policy

PM Surya Ghar Crosses Four Million, But FY 2027 Target Remains Distant

Rooftop solar installations under the PM Surya Ghar: Muft Bijli Yojana have crossed the four million milestone, according to data from the Ministry of New and Renewable Energy (MNRE) and Mercom India Research. In social media post...

June 1, 2026

Solar

India’s Solar EPC Market Shifting Toward Digital Simulation Tools: Interview

Solar engineering, procurement, and construction (EPC) contractors are increasingly turning to design and simulation platforms to cut proposal delays, improve design accuracy, and connect field assessments with simulation, financi...

June 1, 2026

Latest News

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Grid Delays Mount as 36 Critical ISTS Lines Cross Commissioning Date

India’s power transmission gap is widening, with the latest official data flagging schedule slippages in 36 critical interstate transmission system (ISTS) lines. The scheduled commercial operation dates (SCOD) for these under-construction...

June 1, 2026

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Uttar Pradesh Adopts Tariff for 56 MW of Solar Power Under KUSUM

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has adopted a tariff of ₹2.98 (~$0.0312)/kWh for the procurement of 56 MW of solar power under Component C2 of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM)...

June 1, 2026

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SECI Invites Bids for 12.25 MW Rooftop Solar Projects Across India

The Solar Energy Corporation of India (SECI) has issued a request for selection to set up 12,250 kW of grid-connected rooftop solar projects on the buildings of Jawahar Navodaya Vidyalayas (Tranche-XI) in 21 states and union territories (UTs) under...

June 1, 2026

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MENA Weekly Round-Up: O-Green Closes Financing for 93 MW Oman Solar Project

O-Green, a clean energy company established by the government of Oman, has achieved financial closure for a 93 MW solar project that will supply power to more than 200 industrial facilities. The project is being developed in partnership with Ahli...

June 1, 2026

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NTPC Green Issues EPC Tender for 3.2 GWh Battery Storage Project in Rajasthan

NTPC Green Energy (NGEL) has invited bids for engineering, procurement, and construction (EPC) of 3,200 MWh of battery storage systems at NTPC Renewable Energy’s (NTPC REL) solar project in Fatehgarh, Rajasthan. The last date to submit bids is June...

June 1, 2026

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NTPC Green Energy Invites Bids for 3.3 GWh Battery Storage Systems in Gujarat

NTPC Green Energy (NGEL) has invited bids to develop 3,300 MWh of battery energy storage systems at NTPC Renewables’ (NTPC REL) solar project in Khavda, Gujarat. The scope of work includes the design, engineering, supply, packing and forwarding,...

June 1, 2026

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Daily News Wrap-Up: Global Energy Storage Funding Reaches $2.3 Billion

Corporate funding for energy storage companies, including venture capital investments, public market funding, and debt financing, increased 5% year-over-year in the first quarter of 2026, according to Mercom Capital Group’s newly released Q1 2026...

June 1, 2026

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NTPC Green Energy Tenders 7.8 GWh Battery Storage Systems in Rajasthan

NTPC Green Energy (NGEL) has invited bids to develop 7,800 MWh of battery energy storage systems at NTPC Renewables’ (NTPC REL) solar project in Bikaner. The scope of work includes design, engineering, supply, packing, transportation, unloading,...

June 1, 2026

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