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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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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NTPC Green Energy’s Q1 Profit Rises 38% YoY on Higher Generation

NTPC Green Energy (NGEL) reported a net profit of ₹3.05 billion (~$31.55 million) in the first quarter (Q1) of the financial year (FY) 2027, a 38% increase year-over-year (YoY) from ₹2.2 billion (~$22.76 million). The company reported a total income...

July 27, 2026

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Daily News Wrap-Up: US FEOC Rules May Benefit Indian Solar Exporters

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 opportunities and expand...

July 27, 2026

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IIT Jammu Invites EOIs for 2.2 MW Solar Project with 8 MWh Battery Storage

The Indian Institute of Technology (IIT) Jammu has invited expressions of interest (EOIs) to commission a 2.2 MW hybrid solar project integrated with an 8 MWh battery energy storage system (BESS) at its Jagti campus in Jammu and Kashmir. The last...

July 27, 2026

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MN8 to Acquire Greenbacker in Deal Valued at Up to $375 Million

MN8 Energy, a power platform developing, owning, and operating energy assets, has entered into a definitive agreement to acquire independent power producer Greenbacker Renewable Energy Company in a cash-and-equity transaction valued at up to...

July 27, 2026

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