Mercom Research Focus
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51% of India’s Installed Renewable Capacity was Solar by Q3 2025

Solar power accounted for 25.1% of India’s total installed power capacity and 51% of the total installed renewable capacity as of September 2025. The solar capacity installed increased by 7.5% quarter-over-quarter (QoQ) and 37.5% ...

November 7, 2025

Solar

WAPCOS, Power and Energy Consultants Win RUVNL’s Solar Consultancy Auction

WAPCOS and Power and Energy Consultants India have won Rajasthan Rajya Vidyut Utpadan Nigam’s (RVUNL) auction for consultancy services for preparing feasibility-cum- detailed project reports (DPR) for developing solar parks. The t...

November 12, 2025

Rooftop

APM Projects Wins MES’ 2 MW Rooftop Solar EPC Auction

APM Projects has won the Military Engineer Service’s (MES) 2.25 MW engineering, procurement, and construction (EPC) auction to set up rooftop solar systems at various buildings in Air Force stations in Haryana, Uttar Pradesh, and ...

November 10, 2025

Other

Mercom Renewables Summit Returns for its Sixth Edition in July 2026

Mercom India’s flagship Renewables Summit returns for its sixth edition on July 9–10, 2026, at the Hyatt Regency in New Delhi, reaffirming its premier position in the country’s clean energy events calendar. Each year, the Summit c...

November 11, 2025

Latest News

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ReNew Reports Rise in Revenue in Q2, Profit Slips Marginally

Decarbonization solutions company ReNew posted a total revenue of ₹38.55 billion (~$434 million) in the second quarter (Q2) of the financial year (FY) 2026, a 32% year-over-year (YoY) increase from ₹29.88 billion (~$337 million). Net profit declined...

November 12, 2025

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Renewables Business Drives Tata Power’s Q2 Net Profit Up 14% YoY

Integrated power company, Tata Power, reported a revenue of ₹157.69 billion (~$1.78 billion) in the second quarter (Q2) of the financial year (FY) 2026, a 3% year-over-year (YoY) increase from ₹152.47 billion (~$1.72 billion). The company’s...

November 12, 2025

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Prozeal Signs PPA for 70 MW Wind-Solar Hybrid Projects with Grasim

Solar engineering, procurement, and construction company Prozeal Green Energy has signed a power purchase agreement (PPA) with Grasim Industries for a 70 MW wind–solar hybrid power project. The project, with an estimated value of $100 million, will...

November 12, 2025

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Sunsure to Supply 19.36 MW Wind-Solar Power to Deepak Fertilisers

Renewable solutions provider Sunsure Energy has signed a long-term power purchase agreement (PPA) with Deepak Fertilisers and Petrochemicals to supply 19.36 MW of round-the-clock power from its wind and solar projects in Maharashtra. The 19.36 MW...

November 12, 2025

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Torrent Power’s Revenue Up 10% in Q2 FY 2026 on Higher Merchant Power Sales

Gujarat-based Torrent Power‘s revenue from operations increased 10% year-over-year (YoY) to ₹78.76 billion (~$888.76 million) in the second quarter (Q2) of the financial year (FY) 2026. Its earnings before interest, tax, depreciation, and...

November 12, 2025

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Daily News Wrap-Up: Mercom India to Host Sixth Edition of Renewables Summit

Mercom India’s flagship Renewables Summit returns for its sixth edition on July 9–10, 2026, at the Hyatt Regency in New Delhi, reaffirming its premier position in the country’s clean energy events calendar. Each year, the Summit convenes...

November 12, 2025

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India’s First 3 MWh Vanadium Flow Battery Project Commissioned at NTPC NETRA

India’s first MWh-scale Vanadium Redox Flow Battery (VRFB) project has been commissioned by NTPC at its research and development center, the NTPC Energy Technology Research Alliance (NETRA), in Greater Noida. The project, inaugurated by Union...

November 12, 2025

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Eos Energy Posts Record Revenue in Q3, But Loss Widens

U.S.-based energy storage solutions provider Eos Energy Enterprises reported a record revenue of $30.51 million in the third quarter (Q3) of 2025, a 3,500% year-over-year (YoY) increase from $854,000. The revenue reported in the quarter was the...

November 12, 2025

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Funding and M&A Roundup: Quino Energy Raises $10 Million

From: Mercom Capital Group Quino Energy, a company developing water-based organic flow batteries, raised $10 million in Series A funding from Atri Energy Transition, a company focused on the deployment of Long Duration Energy Storage. The funding...

November 12, 2025

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