Mercom Research Focus
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India’s Solar Power Generation Soars 24.3% YoY to 52 BU in Q1 2026

In Q1 2026, India achieved a significant milestone, generating approximately 52 billion units (BU) of solar power, registering a 24.3% year-over-year (YoY) increase, as reported by the Central Electricity Authority (CEA). Solar ge...

May 13, 2026

Mercom Research Focus

Solar Tenders and Auctions Decline in Q1 2026 Amid Focus on Project Execution

In Q1 2026, government agencies issued nearly 6 GW of solar tenders, a 68% decrease from 17 GW in Q1 2025 but almost double the capacity issued in Q4 2025. Although individual agency targets for FY 2025-26 have not yet been specif...

May 12, 2026

C&I

Renewable Energy Solution Providers to Gain from Green Energy Transition

The transition to green energy continues to accelerate in India, driven by policy support, declining solar technology costs, and rising electricity demand across commercial, industrial, and residential segments. The growth traject...

May 13, 2026

Grid

Supreme Court Rules Railways Must Pay Open Access Surcharges

The Supreme Court has ruled that Indian Railways cannot claim the status of a deemed distribution licensee (DDL) under the Electricity Act, holding that its electricity infrastructure is intended solely for its own operational req...

May 11, 2026

Latest News

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Tata Power’s Q4 FY 2026 Revenue Falls 8% on Lower EPC Revenue

Integrated power company Tata Power reported a revenue of ₹159.62 billion (~$1.67 billion) in the fourth quarter (Q4) of the financial year (FY) 2026, a 7.9% year-over-year (YoY) decrease from ₹173.28 billion (~$2 billion). Solar engineering,...

May 14, 2026

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Daily News Wrap-Up: Tamil Nadu Issues Draft MYT Framework Until FY 2032

The Tamil Nadu Electricity Regulatory Commission (TNERC) released its draft multi-year tariff (MYT) regulations for distribution licensees (DISCOMs) covering financial years 2027-28 to 2031-32. Stakeholders can submit their feedback by May 27, 2026....

May 14, 2026

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Jodhpur Businesses Seek Clean Energy Solutions for Long-Term Power Savings

Jodhpur is one of Rajasthan’s main business hubs. The state is the leading renewable energy producer in India, and commercial and industrial consumers in the city are looking to adopt clean energy solutions to bring their electricity costs and...

May 14, 2026

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Terra Clean Issues Land Aggregation Tender for a 200 MW Wind Project in Karnataka

Terra Clean, a subsidiary of India Oil Corporation (IOCL), has invited bids for land aggregation to develop an interstate transmission system (ISTS)-connected wind power project of 200 MW within the jurisdiction of the Davangere substation,...

May 14, 2026

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Plug Power Q1 Revenue Beats Estimates as Electrolyzer Sales Jump

Hydrogen fuel cell solutions provider Plug Power reported revenue of $163.51 million in the first quarter (Q1) of 2026, a 22.3% year-over-year (YoY) increase compared to $133.67 million. This growth was driven by expansion across its material...

May 14, 2026

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Tamil Nadu Proposes New Multi-Year Tariff Framework Until FY 2032

The Tamil Nadu Electricity Regulatory Commission (TNERC) has released its draft multi-year tariff (MYT) regulations for distribution licensees (DISCOMs) covering financial years (FY) 2027-28 to 2031-32. Stakeholders can submit their feedback by May...

May 13, 2026

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HPERC Issues Draft Rules Defining Useful Life for Solar, Wind, Biomass Projects

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has issued the draft Promotion of Generation from the Renewable Energy Sources and Terms and Conditions for Tariff Determination (Eighth Amendment) Regulations, 2026, which seeks to add...

May 13, 2026

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Nextpower to Acquire Zigor’s Power Conversion Assets and Apex Power

Nextpower (previously known as Nextracker), a solar PV solutions provider, has entered into a definitive agreement to acquire complementary assets of Zigor Corporation’s power-conversion business and its U.S.-based subsidiary, Apex Power. The...

May 13, 2026

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Tamil Nadu Approves Procurement of 12 MW of Solar Power Under PM KUSUM

The Tamil Nadu Electricity Regulatory Commission (TNERC) has approved tariffs in the range of ₹3.02 (~$0.0315)/kWh to ₹3.09 (~$0.0323)/kWh for the procurement of 12 MW of solar power under Component-A of the Pradhan Mantri Kisan Urja Suraksha evam...

May 13, 2026

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NTPC Invites Bids for Repowering 5 MW Solar Project in Andaman

NTPC has invited bids for an engineering, procurement, and construction (EPC) package to repower its 5 MW NTPC Andaman solar project at Garacharma in Port Blair. The scope includes the supply, erection, testing, and inspection of equipment and...

May 13, 2026

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