Mercom Research Focus
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Q1 2026 Sees Broad Cost Increases for Solar Projects Using Chinese Modules

The average system cost of large-scale solar projects showed mixed trends across module technologies during Q1 2026, with Chinese module-based projects recording cost increases, while several Indian and DCR-based configurations re...

June 3, 2026

Mercom Research Focus

Developers, EPC Players Wary as MNRE Sticks to ALMM Solar Cells Mandate

The Ministry of New and Renewable Energy’s (MNRE) decision not to grant a blanket extension of the Approved List of Models and Manufacturers (ALMM) List-II deadline beyond June 1, 2026, has reinforced regulatory certainty for Indi...

June 2, 2026

Mercom Research Focus

India’s Solar Imports Rise 14% QoQ in Q1 2026, Exports Continue to Decline

India imported solar cells and modules worth over $1.27 billion (~₹116 billion) in Q1 2026, a 2.8% year-over-year (YoY) decline from $1.3 billion (~₹112.9 billion) in Q1 2025, according to data from the Department of Commerce. On ...

June 1, 2026

Markets & Policy

PM Surya Ghar Crosses Four Million, But FY 2027 Target Remains Distant

Rooftop solar installations under the PM Surya Ghar: Muft Bijli Yojana have crossed the four million milestone, according to data from the Ministry of New and Renewable Energy (MNRE) and Mercom India Research. In social media post...

June 1, 2026

Latest News

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Daily News Wrap-Up: MNRE’s ALMM-II Deadline Worries Developers, EPC Players

The Ministry of New and Renewable Energy’s (MNRE) decision not to grant a blanket extension of the Approved List of Models and Manufacturers (ALMM) List-II deadline beyond June 1, 2026, has reinforced regulatory certainty for India’s solar...

June 3, 2026

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MIT Researchers Develop Low-Cost Process to Extract Lithium from Hard Rock

Massachusetts Institute of Technology (MIT) researchers have developed a low-temperature process to extract battery-grade lithium from spodumene, the most common lithium-bearing hard rock mineral. The researchers said the method could reduce the...

June 3, 2026

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Funding and M&A Roundup: Greenvolt Raises $81 Million Via Green Bond Issue

From: Mercom Capital Group Greenvolt Group, a renewable energy project developer, has completed an additional €70 million (~$81.4 million) issuance of its Green Bonds 2029, increasing the total size of the issue to €170 million (~$197.9 million)....

June 3, 2026

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Project Finance Brief: Bankinter and Plenium Secure $617 Million for Solar Portfolio

From: Mercom Capital Group Bankinter Investment and Plenium Partners have secured €530 million (~$617 million) in financing for a 130 MW solar portfolio owned by Helia Renovables IV. Helia Renovables IV was launched in 2020 by Bankinter Investment,...

June 3, 2026

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Month in a Minute: Top Headlines from the Indian Renewable Sector in May 2026

India added 2.7 GW of rooftop solar capacity in the first quarter of 2026, a YoY growth of 125.4% from 1.2 GW and a 25.4% QoQ jump from 2.2 GW, according to Mercom India Research’s newly released Q1 2026 India Rooftop Solar Market Report. India’s...

June 2, 2026

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Karnataka Issues New Rules for Transmission Licenses Under Competitive Bidding

The Karnataka Electricity Regulatory Commission (KERC) has issued regulations governing the procedure, terms, and conditions for granting transmission licenses for intrastate transmission projects selected through tariff-based competitive bidding....

June 2, 2026

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Uttarakhand Rules Against Connectivity Fees for EHV Load Enhancement

The Uttarakhand Electricity Regulatory Commission (UERC) has clarified that the Power Transmission Corporation of Uttarakhand (PTCUL) is not required to execute a separate connection agreement directly with consumers seeking a new EHV connection, an...

June 2, 2026

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Vesper Energy Secures $236 Million Financing for Texas Solar Project

Vesper Energy, a U.S.-based utility-scale solar and battery storage project developer, has reached financial close on $236 million in debt financing for its 201 MW Nazareth Solar project in Swisher County, Texas. The financing package includes a...

June 2, 2026

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Avaada Group Secures $950 Million for Renewable Energy Projects

Renewable energy company Avaada Group has secured $950 million in financing from a consortium of global and domestic banks for renewable energy projects in India. The financing covers the financial closure of its firm and dispatchable renewable...

June 2, 2026

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