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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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 7.2 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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MIT Researchers Develop Low-Cost Process to Extract Lithium from Hard Rock

Massachusetts Institute of Technology (MIT) researchers have developed a low-temperature process to extract battery-grade lithium from spodumene, the most common lithium-bearing hard rock mineral. The researchers said the method could reduce the...

June 3, 2026

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Funding and M&A Roundup: Greenvolt Raises $81 Million Via Green Bond Issue

From: Mercom Capital Group Greenvolt Group, a renewable energy project developer, has completed an additional €70 million (~$81.4 million) issuance of its Green Bonds 2029, increasing the total size of the issue to €170 million (~$197.9 million)....

June 3, 2026

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Project Finance Brief: Bankinter and Plenium Secure $617 Million for Solar Portfolio

From: Mercom Capital Group Bankinter Investment and Plenium Partners have secured €530 million (~$617 million) in financing for a 130 MW solar portfolio owned by Helia Renovables IV. Helia Renovables IV was launched in 2020 by Bankinter Investment,...

June 3, 2026

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Month in a Minute: Top Headlines from the Indian Renewable Sector in May 2026

India added 2.7 GW of rooftop solar capacity in the first quarter of 2026, a YoY growth of 125.4% from 1.2 GW and a 25.4% QoQ jump from 2.2 GW, according to Mercom India Research’s newly released Q1 2026 India Rooftop Solar Market Report. India’s...

June 2, 2026

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