Mercom Research Focus
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Developers Seek ALMM List-II Extension, Solar Manufacturers Push Back

With the June 1, 2026, deadline for mandatory sourcing of solar cells from the Approved List of Models and Manufacturers (ALMM) List-II fast approaching, solar developers are urging the Ministry of New & Renewable Energy (MNRE...

February 17, 2026

C&I

Solar and Battery Storage Lead C&I Shift Toward Clean Power Procurement

Commercial and industrial (C&I) entities, large institutions, and residential complexes are increasingly turning to clean power solutions that offer greater cost efficiency than conventional grid tariffs. Rooftop solar has lon...

February 18, 2026

C&I

How Renewables Help C&I Businesses Cut Costs While Future-Proofing Operations

Tamil Nadu’s commercial and industrial (C&I) renewable energy market is entering a more mature phase, where the discourse is shifting from simple tariff savings to long-term strategy, infrastructure planning, and export compet...

February 17, 2026

Grid

Rethinking Meter Data Management for India’s Smart Metering Scale: Interview

As India accelerates the rollout of smart meters under the Revamped Distribution Sector Scheme (RDSS), one challenge is becoming increasingly evident, i.e., hardware alone cannot fix the distribution sector’s long-standing ineffic...

February 17, 2026

Latest News

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Project Finance Brief: Greenbacker Closes $440 Million Tax Equity Financing

From: Mercom Capital Group Greenbacker, an independent power producer and energy transition-focused investment manager, secured $440 million in tax equity financing from the U.S. Bank and M&T Bank for the 674 MWdc/500 MWac Cider solar project...

February 18, 2026

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Uttar Pradesh Allows Blockchain-Based Interstate P2P Green Power Trading Pilot

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has permitted Pashchimanchal Vidyut Vitran Nigam (PVVNL) to undertake a pilot demonstration of interstate peer-to-peer (P2P) trading of renewable energy under the India Energy Stack (IES)...

February 18, 2026

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Tamil Nadu Notifies Grid Code 2026 to Align with High Renewable Penetration

The Tamil Nadu Electricity Regulatory Commission (TNERC) has notified the Tamil Nadu Electricity Grid Code, 2026, to address increasing renewable penetration and enhance grid stability. The new Code will come into force from the date of its...

February 18, 2026

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Funding and M&A Roundup: SOLV Energy Raises $589 Million Through IPO

From: Mercom Capital Group SOLV Energy, a company that provides construction, operation, and maintenance services for large-scale solar and battery storage projects, has announced the closing of its $589 million through an initial public offering...

February 18, 2026

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NeuEN Green Wins 10,000 MTPA Green Hydrogen Project at Numaligarh Refinery

Gurgaon-based renewable energy solutions provider NeuEN Green Energy has won Numaligarh Refinery’s (NRL) auction to set up a 10,000 MTPA green hydrogen generation unit on a build-own-operate (BOO) basis. The company will supply gaseous green...

February 17, 2026

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Rooftop Solar, Energy Efficiency Vital to MSME Decarbonization: NITI Aayog

Rooftop solar and behind-the-meter renewable energy systems are expected to play a central role in reducing emissions and energy costs across India’s micro, small, and medium enterprises (MSMEs), according to a decarbonization roadmap prepared by...

February 17, 2026

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ReNew Narrows Loss in Q3, Revenue Up 48% on Higher Solar Module and Cell Sales

Decarbonization solutions company ReNew posted a total revenue of ₹31.37 billion (~$345.79 million) in the third quarter (Q3) of the financial year (FY) 2026, a 48% year-over-year (YoY) increase from ₹21.19 billion (~$233.57 million). The revenue...

February 17, 2026

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Upcoming Noida Airport to Meet 50% Power Needs with Renewables

Clean energy and sustainability are at the core of the upcoming Noida International Airport (NIA) in Jewar, Uttar Pradesh. The airport plans to meet at least 50% of its electricity needs from renewable energy. To reach this target, NIA will procure...

February 17, 2026

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Dadra Nagar Haveli Floats O&M Tender for 14.3 MW Solar Projects

Dadra Nagar Haveli Daman and Diu Power Distribution Corporation (DNHDDPCL) has issued a tender for the annual operation and maintenance (O&M) of ground-mounted solar projects with a cumulative installed capacity of 14.3 MW across the Union...

February 17, 2026

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