Mercom Research Focus
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Energy Storage Funding Declines Sharply in Q1 2025

Corporate funding for energy storage companies, including venture capital (VC), debt, and public market financing, totaled $2.2 billion across 31 deals in Q1 2025, according to Mercom Capital Group’s newly released Q1 2025 Funding...

April 25, 2025

Mercom Research Focus

Without ISTS Waiver Extension, India’s 2030 Renewable Energy Goals Will Be at Risk

With just over two months to go before the interstate transmission system (ISTS) charges waiver ends, the Indian renewable energy project developers are keeping their fingers crossed for an extension. The ISTS-charges waiver will ...

April 25, 2025

Markets & Policy

Solar Corporate Funding in Q1 2025 Declines 41% as Uncertainty Weighs on Market

The solar companies secured $4.8 billion corporate funding in 39 deals in the first quarter (Q1) of 2025, a 41% year-over-year (YoY) decrease from $8.2 billion raised in 42 deals. However, funding increased 20% quarter-over-quarte...

April 21, 2025

C&I

Delhi’s Uttara Guruvayurappan Temple Turns Green with 80 kW Rooftop Solar System

Religious institutions across India are increasingly turning to solar energy to meet their energy needs and showcase their commitment to cutting down their carbon footprint. One of the more recent examples is the Uttara Guruvayura...

April 23, 2025

Latest News

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Daily News Wrap-Up: Karnataka Announces Open Access Regulations 2025

The Karnataka Electricity Regulatory Commission issued the Karnataka Electricity Regulatory Commission (Terms and Conditions for Open Access) Regulations, 2025. This regulation follows the Karnataka High Court’s decision to strike down the previous...

April 25, 2025

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MERC Orders Arbitration to Resolve Delayed 500 MW Solar Project Dispute

The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company (MSEDCL) and the Braithwaite Nacof Solar Project (Braithwaite) to resolve a power purchase agreement (PPA) dispute through...

April 25, 2025

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NTPC REL Invites Bids for a 2 MW Green Hydrogen Electrolyzer

NTPC Renewable Energy (NTPC REL) invited bids to set up a 2 MW green hydrogen generation system/electrolyzer for a green hydrogen mobility project at Sipat, Chhattisgarh. The last date to submit bids is May 7, 2025. Bids will be opened on May 8....

April 25, 2025

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China Adds 60 GW of Solar Capacity in Q1 2025

China added 59.71 GW of solar power capacity in the first quarter (Q1) of 2025, a 30.54% year-over-year (YoY) growth from 45.74 GW. The country’s cumulative installed solar power capacity reached 950 GW as of March 2025. According to China’s...

April 25, 2025

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Germany Awards 2.6 GW of Projects in Latest Solar Auction

Germany’s Federal Network Agency (Bundesnetzagentur) has awarded 2,638 MW of ground-mounted solar projects categorized under the ‘first segment,’ which are installations located on structures that are neither buildings nor noise barriers. The tender,...

April 25, 2025

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Sunflag Iron and Steel to Procure Power from Sunsure’s 11 MW Solar Project

Nagpur-headquartered Sunflag Iron and Steel will procure power from an 11 MW solar project being set up by Sunsure Energy’s special purpose vehicle Sunsire Solarpark Thirty Seven in Dhule, Maharashtra. The two companies entered into a long-term...

April 24, 2025

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Telangana Issues Tenders for 21 MW Solar Projects

The Northern Power Distribution Company of Telangana (TGNPDCL) has issued multiple tenders for installing ground-mounted solar projects of a total capacity of 21 MW at 24 locations in the state. The capacities of the individual projects range from...

April 24, 2025

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Odisha Invites EoI for Renewable Energy Demand Aggregation

Grid Corporation of Odisha (GRIDCO) has invited expressions of interest (EoI) from consumers with a contract demand of at least 500 kW, expressing their willingness to meet their power demand through renewable energy. The initiative is also intended...

April 24, 2025

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