Mercom Research Focus
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India’s Solar Exports Up 65% in Q3 2025, Imports Down 15.1%

India exported solar cells and modules worth over $344.5 million (~₹30 billion) in the third quarter (Q3) of 2025, a 65.2% year-over-year (YoY) increase from $208.5 million (~₹17.46 billion), according to data from the Department ...

December 8, 2025

Rooftop

PM Surya Ghar Rooftop Solar Reaches 2.4 Million Homes, Hits 24% of Target

India has installed rooftop solar systems in 2,396,497 residential households under PM Surya Ghar: Muft Bijli Yojana so far, reaching nearly 24% of the 10 million target set for the financial year (FY) 2026–27. As of December 3, 2...

December 8, 2025

Manufacturing

MNRE Flags Solar Module Glut, Asks Lenders to Fund Upstream Manufacturing

In a move that could reshape India’s solar manufacturing, the Ministry of New and Renewable Energy (MNRE) has asked the Department of Financial Services to advise banks, financial institutions, and non-banking financial companies ...

December 5, 2025

Mercom Research Focus

Solar Open Access to Gather Steam in Uttar Pradesh as Data Centers Mushroom

Driven by the rapid expansion of data centers in Uttar Pradesh, demand for solar open access in the state is expected to double over the next three years. According to the Mercom India Solar Open Access Project Tracker, steel, met...

December 5, 2025

Latest News

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Surge in Utility-Scale Installations Drives US Solar Deployment to 11.7 GW in Q3 2025

The U.S. solar industry added a capacity of 11.7 GW in the third quarter (Q3) of 2025, a 20% year-over-year (YoY) and a 49% quarter-over-quarter (QoQ) increase, according to US Solar Market Insight Q4, a joint report by Wood Mackenzie and Solar...

December 9, 2025

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Workforce Demand for Onshore and Offshore Wind Rises Sharply: GWEC

The global wind energy sector is expected to require at least 1 million full-time equivalent (FTE) workers between 2025 and 2030 to meet projected installation and operational targets, according to the Global Wind Energy Council (GWEC) and the...

December 9, 2025

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Improving Residential Business Cuts ChargePoint’s Net Loss by 32% YoY

U.S.-based electric vehicle charging solutions company ChargePoint has reported total revenue of $105.67 million in the third quarter (Q3) of the financial year (FY) 2026, a 6% year-over-year (YoY) increase from $99.6 million. f $96.71 million. The...

December 9, 2025

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Texas Grid Hit by Massive Data Center Demand Wave, ERCOT Warns

The Electric Reliability Council of Texas (ERCOT) received 225 new large load interconnection requests in 2025 alone, accounting for a 270% MW demand increase since January. By November 18, 2025, ERCOT was tracking about 226 GW of large loads...

December 9, 2025

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MENA Weekly Roundup: Egypt Plans $15 Billion South Sinai Renewable Complex

A consortium of international companies, led by Spain’s Abengoa, plans to invest $15 billion in Egypt’s South Sinai region to construct a renewable energy complex capable of generating 10 GW of power through solar and wind technologies. Beyond power...

December 8, 2025

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Emmvee Signs Supply Agreement for 4.5 GWp TOPCon Solar Cells

Emmvee Energy, a subsidiary of solar module manufacturer Emmvee Photovoltaic Power, has entered into a supply agreement with a domestic buyer for the offtake of 4.5 GWp of Tunnel Oxide Passivated Contact (TOPCon) crystalline silicon solar cells. The...

December 8, 2025

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RenewSys to Supply 1.1 GW POE Encapsulants to Kosol Energie

Mumbai-headquartered integrated solar module manufacturer RenewSys has signed a 1.1 GW supply agreement for its polyolefin elastomer (POE) encapsulants with Kosol Energie. Encapsulant is a protective layer for shielding solar cells from...

December 8, 2025

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Transformers and Rectifiers Bags ₹533 Million Order from POWERGRID

Power equipment manufacturer Transformers and Rectifiers (TARIL) has secured an order valued at ₹533.3 million (~$5.93 million) from Power Grid Corporation of India for the repair, erection, testing, and commissioning of a 397 MVA high-voltage...

December 8, 2025

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Rajasthan Electronics Floats Tender for 10 MW Rooftop Solar Projects

Rajasthan Electronics and Instruments (REIL) has invited bids to commission 10 MW of grid-connected rooftop solar projects on state government buildings. The estimated cost of the work is ₹494.7 million (~$5.48 million). Bids must be submitted by...

December 8, 2025

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