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Storage Becomes Critical to Solar Economics After Maharashtra Banking Changes

Maharashtra’s revised renewable energy and multi-year tariff framework ties solar consumption directly to the time of generation. The order defines solar hours as 09:00 to 17:00, an eight-hour window that captures the majority of ...

April 30, 2026

Mercom Research Focus

Solar Share in India’s Renewable Energy Capacity Rises to 55% in Q1 2026

Solar power accounted for 28.4% of total installed power capacity and 55% of total installed renewable energy capacity as of March 2026, up from 26.5% and 52.7%, respectively, in the previous quarter. Solar project installations h...

April 30, 2026

Mercom Research Focus

Why India’s Solar Cell Production Lags Behind Module Manufacturing

India’s solar manufacturing sector is expanding unevenly, with module production scaling rapidly while cell manufacturing continues to lag. Despite policy support and strong domestic demand, the gap highlights underlying technolog...

April 29, 2026

C&I

Hybrid Systems, Storage Drive Next Phase of India’s Solar Growth

India’s solar industry is entering a new phase of growth, marked by a rapid shift toward hybrid energy systems, battery storage, and high-efficiency module technologies, driven by rising renewable penetration, grid stability chall...

April 29, 2026

Latest News

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Weather, Financing Challenges Weigh on Enphase’s Weak Start to 2026

Microinverter and battery storage supplier Enphase Energy reported revenue of $282.9 million in the first quarter (Q1) of 2026, decreasing 20.6% year-over-year (YoY) from $356.1 million. Net profit stood at $62.26 million, down 30.2% YoY from $89.24...

May 4, 2026

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Daily News Wrap-Up: Maharashtra Banking Curbs Make Storage Key for Solar

Maharashtra’s revised renewable energy and multi-year tariff framework ties solar consumption directly to the time of generation. The order defines solar hours as 09:00 to 17:00, an eight-hour window that captures the majority of solar generation....

May 4, 2026

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NTPC Floats Transformer Package Tender for 900 MW Solar Projects

NTPC Renewable Energy (NTPC REL) has invited bids for the interconnecting transformer package for 900 MW solar projects. Bids must be submitted by May 27, 2026. Bids will be opened on the same day. The scope of work includes design, engineering,...

May 4, 2026

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Daqo New Energy’s Q1 2026 Revenue Down 79% Due to Lower Sales Volume

China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation reported revenue of $26.7 million in the first quarter (Q1) of 2026, down 78.5% year-over-year (YoY) from $123.9 million. Revenue missed analysts’ expectations by...

May 4, 2026

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CERC Rules Transmission Charges Apply Despite Partial Project Commissioning

The Central Electricity Regulatory Commission (CERC) has held that renewable energy generators are liable to pay bilateral transmission charges for the associated transmission system until their projects achieve commercial operation. It rejected...

April 30, 2026

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Haryana Grants One-Time Approval to 127 MW Solar PPAs Under KUSUM

The Haryana Electricity Regulatory Commission (HERC) has approved the procurement of solar power by the Haryana Power Purchase Center (HPPC) for a cumulative capacity of 126.8 MW under Component A of the Pradhan Mantri Kisan Urja Suraksha evam...

April 30, 2026

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ROSI Raises $23 Million to Expand Solar Module Recycling in Europe

ROSI, a France-based solar module recycling company, has secured over €20 million (~$23 million) in funding to support its expansion across Europe. The funding includes a Series B round along with French and European grants. The company said the...

April 30, 2026

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Blackstone to Invest Up to $2 Billion in Eurowind Energy

Eurowind Energy, a Denmark-based renewable energy project developer, has entered into a definitive agreement with Blackstone Infrastructure for an investment of up to €2 billion ($2.34 billion). The investment will give Blackstone an initial 24.7%...

April 30, 2026

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Heavy Industries Ministry Mandates Localization of More Electric Truck Components

The Ministry of Heavy Industries (MHI) has amended certain provisions of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program, mandating an increase in domestic production of specific components for electric trucks...

April 30, 2026

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Bajel Projects Secures Two Orders for 500 kV Transmission Lines in MENA

Mumbai-based Bajel Projects, an engineering, procurement, and construction (EPC) company specializing in power transmission and distribution infrastructure, has secured two international orders for 500 kV overhead transmission lines in the Middle...

April 30, 2026

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