Mercom Research Focus
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Prolonged Monsoons Dampen Solar Power Generation by 11% QoQ in Q3 2025

India generated over 38.3 billion units (BU) of solar power in the third quarter (Q3) of 2025, representing a 20.4% year-over-year (YoY) increase. Solar generation decreased by 11% quarter-over-quarter (QoQ) from 43 BU. Rajasthan,...

November 6, 2025

Energy Storage

Energy Storage Attracts $2.8 Billion in Venture Capital in 9M 2025

Corporate funding for energy storage companies came in at $11.2 billion across 85 deals in the first nine months (9M) of 2025, down 36% year-over-year (YoY) from $17.6 billion across 83 deals, according to Mercom Capital Group’s 9...

November 4, 2025

Mercom Research Focus

Rigid Deviation Settlement Limits Could Result in Higher Renewable Tariffs

The recent Central Electricity Regulatory Commission’s (CERC) proposal to tighten deviation limits for the scheduling and dispatch of power has raised concerns about higher project costs for renewable developers and potentia...

November 5, 2025

Markets & Policy

Tripura Regulator Amends Rooftop Solar Rules, Caps Net Energy Credits

The Tripura Electricity Regulatory Commission (TERC) has capped the net energy credits at a maximum of 3.8 units per kW per day for solar systems installed by domestic, irrigation, and water works consumers. The Commission has rel...

November 5, 2025

Latest News

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Daily News Wrap-Up: Deviation Limits May Raise Renewable Tariffs

The recent Central Electricity Regulatory Commission’s (CERC) proposal to tighten deviation limits for the scheduling and dispatch of power has raised concerns about higher project costs for renewable developers and potential increases in consumer...

November 6, 2025

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Solarium Green Receives Orders for Modules Worth ₹186 Million

Solarium Green Energy has received three purchase orders for modules, with a cumulative value of ₹186 million (~$2.09 million), from Suntek Energy Systems and Solluz Energy. The company has received two purchase orders from Suntek Energy Systems,...

November 6, 2025

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Textile Firm RSWM To Procure 60 MW of Renewable Power From Adani Energy

Textile manufacturing company and the flagship company of the LNJ Bhilwara Group, RSWM, has signed an agreement with Adani Energy Solutions (AESL) to supply 60 MW of renewable energy to its multiple facilities in Rajasthan. The agreement marks a...

November 5, 2025

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South Eastern Railways Floats Tender for 1.37 MW Rooftop Solar Projects

The South Eastern Railway has invited bids for 1.37 MW grid-connected rooftop solar power systems under the Santragachi Division jurisdiction in Howrah, West Bengal. The project comes under the second phase of the division’s solar initiative and...

November 5, 2025

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Bombay High Court Sets Aside MERC Order Curbing Renewable Energy Banking

Quashing the impugned multi-year tariff (MYT) review order passed by the Maharashtra Electricity Regulatory Commission (MERC), the Bombay High Court said that the MYT order, passed by MERC on March 28, 2025, will continue to be in force. The ruling...

November 5, 2025

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Waaree to Acquire 100% Stake in Sunbreeze Ninth Cloud

Waaree Forever Energies, a wholly owned subsidiary of Waaree Energies, has executed a share purchase agreement to acquire a 100% stake in renewable solutions provider, Sunbreeze Ninth Cloud. The acquisition is subject to the fulfillment of certain...

November 5, 2025

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Module Sales Surge Sends Websol’s Revenue Up 17% YoY in Q2 FY26

Solar cell and module manufacturer Websol Energy System has reported a 17% increase in revenue to ₹1.68 billion (~$18.9 million) in the second quarter (Q2) of the financial year (FY) 2026, from ₹1.44 billion (~$16 million) in the same quarter of the...

November 5, 2025

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POWERGRID Board Approves Raising up to ₹60 Billion Loan from SBI

The Government-owned transmission utility, Power Grid Corporation of India’s (POWERGRID) board has approved raising funds of up to ₹60 billion (~$676.05 million) through an unsecured rupee term loan or a line of credit from the State Bank of India...

November 5, 2025

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