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

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

Markets & Policy

MNRE Asks Solar Cell, Module Manufacturers to Submit Monthly Price Data

The Ministry of New and Renewable Energy (MNRE) has asked all manufacturers on the Approved List of Models and Manufacturers (ALMM) to submit monthly price ranges for domestically manufactured solar cells and modules. MNRE said it...

June 3, 2026

Latest News

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SECI Yet to Find Offtakers for 9.7 GW Renewable Energy Capacity

The Solar Energy Corporation of India (SECI), the sole renewable energy implementing agency, has 9,675 MW of unsold renewable energy capacity under several auctions, according to its latest update. SECI is yet to find offtakers for 10 interstate...

June 3, 2026

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SEG Solar to Set Up 4.6 GW Solar Module Manufacturing Plant in Texas

U.S.-based SEG Solar has announced plans to set up a 4.6 GW solar module manufacturing facility in the Greater Houston area of Texas, its third such production site in the country. The new facility, spanning 1.15 million square feet, is expected to...

June 3, 2026

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Aukera Energy Secures $106 Million Debt for Battery Storage Project in Belgium

Aukera Energy, a renewable energy and battery storage developer, has reached financial close of €97.5 million (~$106 million) on Project Volt, a 170 MW/340 MWh battery energy storage project in La Louvière, Belgium. ABN AMRO Bank and Triodos Bank...

June 3, 2026

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Svea Solar Utility Secures $216 Million for Solar and Storage Projects

Svea Solar Utility, an independent renewable power producer, has secured a holding company (HoldCo) financing facility of up to €185 million (~$216 million) from Eiffel Investment Group and Arkéa Asset Management to expand its solar and energy...

June 3, 2026

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CERC Annuls Erroneous Transmission Charges for Wind-Solar Project

The Central Electricity Regulatory Commission (CERC) has quashed transmission charge invoices of ₹21.97 million (~$229,483) raised by the Central Transmission Utility of India (CTUIL) on JSW Renewable Energy and directed it to recalculate charges...

June 3, 2026

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India Extends Countervailing Duty on Malaysian Solar Glass for Five Years

The Ministry of Finance has extended the countervailing duty on imports of textured tempered glass originating in or exported from Malaysia, a product widely used in the solar industry, for five years after concluding that removing the duty could...

June 3, 2026

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POWERGRID Tenders 3 GWh Battery Storage Projects in West Bengal

Power Grid Corporation of India (POWERGRID) has invited bids to set up five standalone battery energy storage systems with a cumulative capacity of 750 MW/3,000 MWh across multiple locations in West Bengal. Durgapur Projects The tender includes the...

June 3, 2026

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Bridge Green Inaugurates 7,200 MTPA Li-ion Battery Recycling Facility

Bridge Green Upcycle, a clean technology company with operations in India and the U.S., inaugurated its 7,200 metric tons per annum (MTPA) circularity center in Gummidipoondi, Tamil Nadu, for extracting critical minerals from lithium-ion (Li-ion)...

June 3, 2026

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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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