Mercom Research Focus
thumbnail
Adani Green, ReNew, and ACME Solar: Top Utility-Scale Solar Developers in 2024

Adani Green Energy, ReNew, ACME Solar, NTPC Renewable Energy, and O2 Power emerged as the top utility-scale solar project developers in India for 2024, according to Mercom’s India Solar Market Leaderboard 2025. Together, these com...

May 19, 2025

Mercom Research Focus

Indian Solar Companies Eye Export Gains As US Slaps Steep Tariffs on Southeast Asia

The 90-day pause on reciprocal trade tariffs between the U.S. and China may temporarily dampen prospects for Indian solar exporters, but the heavy U.S. import duties on Southeast Asian solar products present a significant opportun...

May 14, 2025

Mercom Research Focus

Urgent Measures Needed as DCR Module Shortage Slows PM Surya Ghar Progress 

When the PM Surya Ghar Muft Bijli Yojana was launched, it carried a bold promise. The goal was to help 10 million Indian households become prosumers through rooftop solar systems by March 2027.   However, over a year into its roll...

May 16, 2025

Energy Storage

India Must Step Up R&D Funding and Policy Push for Battery Storage: Interview

India added over 28 GW of renewable energy capacity in 2024, bringing the total to around 210 GW. However, to reach its 2030 target of 500 GW of non-fossil fuel energy and ensure a smoother energy transition, battery energy storag...

May 19, 2025

Latest News

thumbnail
NTPC Green Energy Floats Tender to Acquire Solar Projects

NTPC Green Energy has invited expressions of interest (EoI) from renewable energy companies having power purchase agreements (PPA) with intermediary procurers to acquire solar projects with a minimum cumulative capacity of 50 MW. This EoI aims to...

May 19, 2025

thumbnail
Solar Systems Reduce Power Costs at Ramakrishna Yogashrama in Bengaluru

Religious institutions across India are increasingly adopting solar power to meet their energy needs sustainably. For many ashrams, temples, and monasteries—often located in remote or semi-urban areas with unreliable grid access—solar energy...

May 19, 2025

thumbnail
APTEL Rules NTPC Not Responsible for Meter Sealing in Solar Project

The Appellate Tribunal for Electricity (APTEL) has partially set aside a Central Electricity Regulatory Commission (CERC) order, clarifying that NTPC cannot be held responsible for sealing meters under solar power purchase agreements. It ruled that...

May 19, 2025

thumbnail
Premier Energies Partners with Sino-American for Solar Wafer Manufacturing

Premier Energies (PEL) has entered into a joint venture agreement with Taiwan-based Sino-American Silicon Products (SAS) to manufacture and sell silicon solar wafers in India. Premier will hold a 74% equity stake in Premier Energies GWC, and SAS...

May 19, 2025

thumbnail
PSERC Approves Additional Surcharge for Partial and Full Open Access Power Consumers 

The Punjab State Electricity Regulatory Commission (PSERC) has accepted the Punjab State Power Corporation (PSPCL)’s request to approve an additional surcharge of ₹1.22 (~$0.014)/kWh for full open access consumers and ₹0.83 (~$0.009)/kWh for partial...

May 19, 2025

thumbnail
MNRE Clarifies Net Billing and Metering Provisions Under ALMM

The Ministry of New and Renewable Energy (MNRE) has clarified that net billing, and virtual and group net metering will also be treated on a par with net metering provisions under the Approved List of Models and Manufacturers (ALMM) List-II. List-II...

May 19, 2025

thumbnail
Growth in Renewables Pushed JSW Energy’s Revenue by 21% YoY in Q4 FY25

Independent power producer JSW Energy has reported a revenue of ₹34.97 billion (~$408.93 million) in the fourth quarter (Q4) of the financial year (FY) 2024-25, a 21% year-over-year (YoY) growth from ₹28.79 billion (~$336.66 million). The company...

May 19, 2025

thumbnail
Surana Solar to Sell 49% Stake in Subsidiary to Baidyanath Power for ₹20 Million

Hyderabad-based solar module manufacturer Surana Solar has announced the divestment of 49% of its equity stake in Surana Technologies, a wholly owned subsidiary. Baidyanath Power, a third-party entity not belonging to the promoter or group companies...

May 19, 2025

thumbnail
Solar Module Manufacturer Premier Energies’ Q4 Revenue Up 48% YoY

Solar module and cell manufacturer Premier Energies reported a total income of ₹16.80 billion (~$196.55 million) in the fourth quarter (Q4) of the financial year (FY) 2025, a 48% year-over-year (YoY) increase from ₹11.38 billion (~$133.10 million)....

May 19, 2025

MORE NEWS