Mercom Research Focus
thumbnail
Solar Tender and Auction Activity Slumps in 2025

In 2025, tender announcements for utility-scale solar projects declined to nearly 44 GW, down 45% from 2024, according to Mercom India Research. During the year, around 20 GW of projects were auctioned, a 57% decline compared to 2...

January 23, 2026

Mercom Research Focus

Corporate Solar Funding Down 16% YoY in 2025; Deal Count Rises, M&A Robust

The total global corporate solar funding dropped by 16% year-over-year (YoY) with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024, according to Mercom Capital Group’s newly released 2025 Annual an...

January 22, 2026

Mercom Research Focus

India Records Highest-Ever Wind Capacity Additions at 6.3 GW in 2025

India added 6.3 GW of wind power capacity in 2025, an 85.2% YoY increase from 3.4 GW in 2024, according to Mercom India Research. The additions marked the highest annual wind installations recorded in the country. India’s wind pow...

January 22, 2026

Finance and M&A

Budget 2026 Wishlist: What the Renewable Energy Industry Wants

With India now meeting half of its power consumption through renewable energy, the industry is heading into the Union Budget 2026 with its wish list shifting from “more capacity” to building the enablers needed to sustain rapid re...

January 21, 2026

Latest News

thumbnail
Daily News Wrap-Up: Global Corporate Solar Funding Fell 16% YoY in 2025

The total global corporate solar funding dropped by 16% year-over-year (YoY) with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024, according to Mercom Capital Group’s newly released 2025 Annual and Q4 Solar Funding...

January 23, 2026

thumbnail
Antimony Chalcogenide Solar Cell Efficiency Hits a New High of 10.7%

Researchers at the University of New South Wales (UNSW) Sydney have set a world record efficiency for solar cells based on antimony chalcogenide, achieving a certified power conversion efficiency of 10.7%, according to a study published in Nature...

January 23, 2026

thumbnail
C&I Power Procurement Shifts to Open Access and Rooftop Solar Amid Rising Tariffs

Rising electricity tariffs and evolving regulations are pushing India’s commercial and industrial (C&I) consumers to rethink how they procure power. Businesses are increasingly turning to renewable energy sources to meet their power requirements....

January 23, 2026

thumbnail
POWERGRID Invites Bids to Select Partner for 1.5 GWh BESS in Tamil Nadu

Power Grid Corporation of India (POWERGRID) has invited bids to set up 375 MW/1,500 MWh standalone battery energy storage systems (BESS) in seven locations in Tamil Nadu. The last date to submit bids is January 28, 2026. Bids will be opened on the...

January 22, 2026

thumbnail
CIE India to Procure Power from Two Captive Solar Projects of 8.3 MW

Pune-based CIE Automotive India will procure power from two captive solar projects with a cumulative capacity of 8.3 MW being developed by AMPIN Energy in Maharashtra for its manufacturing facilities at Chhatrapati Sambhaji Nagar and Pune. The...

January 22, 2026

thumbnail
Higher Solar Module Sales Boost Waaree Energies’ Revenue in Q3 FY 2026

Solar module manufacturer Waaree Energies’ revenue from operations for the third quarter (Q3) of FY 2026 rose 118.8% year-over-year (YoY) to ₹75.65 billion (~$826.77 million) from ₹34.57 billion (~$377.84 million). The company attributed the revenue...

January 22, 2026

thumbnail
GreenCell Mobility Secures $89 Million Funding Led by BII, IFC, and Tata Capital

Eversource Capital’s green mobility arm, GreenCell Mobility, has raised $89 million in a mezzanine financing round led by British International Investment (BII), IFC, and Tata Capital to accelerate the deployment of zero-emission public transport in...

January 22, 2026

thumbnail
Uttar Pradesh Commission Adopts Tariff for a 1,500 MWh BESS Project

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has adopted a tariff determined through competitive bidding for a 375 MW/1,500 MWh standalone Battery Energy Storage System (BESS) to be set up in Uttar Pradesh under the Viability Gap...

January 22, 2026

thumbnail
Tamil Nadu Tweaks Wind Policy to Ease Repowering and Life Extension Norms

Tamil Nadu’s Energy Department has amended key provisions of its Repowering, Refurbishment, and Life Extension Policy for Wind Power Projects, which was issued in 2024. The revised clauses introduce greater flexibility in eligibility timelines,...

January 22, 2026

MORE NEWS