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Storage Becomes Critical to Solar Economics After Maharashtra Banking Changes

Maharashtra’s revised renewable energy and multi-year tariff framework ties solar consumption directly to the time of generation. The order defines solar hours as 09:00 to 17:00, an eight-hour window that captures the majority of ...

April 30, 2026

Mercom Research Focus

Why India’s Solar Cell Production Lags Behind Module Manufacturing

India’s solar manufacturing sector is expanding unevenly, with module production scaling rapidly while cell manufacturing continues to lag. Despite policy support and strong domestic demand, the gap highlights underlying technolog...

April 29, 2026

C&I

Hybrid Systems, Storage Drive Next Phase of India’s Solar Growth

India’s solar industry is entering a new phase of growth, marked by a rapid shift toward hybrid energy systems, battery storage, and high-efficiency module technologies, driven by rising renewable penetration, grid stability chall...

April 29, 2026

Grid

Industry Gets Interim Relief as APTEL Stays MERC’s New Energy Banking-Linked Power Bills

The Appellate Tribunal for Electricity (APTEL) has issued an interim order staying the issuance of disconnection notices and electricity bills raised under the new power banking mechanism introduced by the Maharashtra Electricity ...

April 29, 2026

Latest News

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Clean Energy Meets All Power Demand Growth Globally in 2025 as Solar Surges

Clean energy sources met all global electricity demand growth in 2025, marking a structural turning point for the power sector and halting the long-standing expansion of fossil fuel generation, according to a report by Ember. Global electricity...

April 30, 2026

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Berlin-Based Smart Meter Startup VREY Raises $4 Million in Seed Funding

Germany-based VREY, a solar software and smart metering solutions provider, has raised €3.3 million ($3.8 million) in a seed funding round to scale its operations and technology. The round was led by Rubio Impact Ventures, with participation from...

April 29, 2026

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Inox Clean Energy to Acquire Ningbo Boway’s US Solar Unit

Inox Solar Americas, a renewable energy platform of Inox Clean Energy, is set to acquire 100% equity in Boviet Solar Technology (North Carolina), the U.S.-based solar module manufacturing subsidiary of Ningbo Boway Alloy Material. The transaction is...

April 29, 2026

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Matrix Renewables Secures $332 Million Non-Recourse Project Financing

Matrix Renewables, a renewable energy developer and independent power producer focused on solar and battery energy storage systems, has secured £245 million (~$332 million) in non-recourse financing. The funding package was structured as an...

April 29, 2026

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Bondada Engineering Secures BoS Orders for 75 MW Solar Project in Gujarat

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW solar project in Gujarat. The contracts have been awarded by Adani Green Energy,...

April 29, 2026

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NTPC Tenders Operations and Maintenance of 4 MW Solar Microgrid System

NTPC has invited bids for the operation and maintenance (O&M) of a 4 MW solar microgrid system installed at the NTPC Energy Technology Research Alliance (NETRA) in Uttar Pradesh. The last date to submit bids is May 7, 2026. Bids will be opened...

April 29, 2026

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Jakson Infra Wins $62 Million Power Distribution Project in Angola

Infrastructure engineering, procurement, and construction (EPC) company Jakson Infra, part of the Jakson Group, has secured a power distribution project from Angola’s Ministry of Energy and Water. The project is being executed under the World...

April 29, 2026

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Emmvee Photovoltaic Reports 116% YoY Surge in FY 2026 Revenue

Bengaluru-based solar cell and module manufacturer, Emmvee Photovoltaic Power, reported a revenue of ₹17.39 billion (~$184 million) in the fourth quarter (Q4) of the financial year (FY) 2026, registering a 62% year-over-year (YoY) increase from ₹10....

April 29, 2026

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REC Reports Record ₹163 Billion FY 2026 Profit, Loan Book Hits ₹5.84 Trillion

Public infrastructure finance company REC recorded a total income of ₹145.83 billion (~$1.54 billion) for the fourth quarter of the financial year 2026, down 5% from ₹153.48 billion (~$1.62 billion) in the corresponding quarter last year. The...

April 29, 2026

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