thumbnail
Top Five States for Solar Open Access in Q2 2025

India added 2.6 GW of solar open access capacity in the second quarter (Q2) of 2025, a nearly 143% increase from 1.1 GW in Q1 2025. Installations rose 60.1% year-over-year (YoY) from over 1.7 GW, according to Q2 2025 Mercom India ...

September 19, 2025

Mercom Research Focus

Landed Costs of Solar Open Access Projects Rise on Higher PPA Tariffs

The landed costs for third-party solar open access projects increased in 11 of 15 states for high-tension (HT) industrial consumers, primarily driven by higher power purchase agreement (PPA) tariffs, according to Mercom India̵...

September 17, 2025

Biofuel

MNRE Hikes National Bioenergy Program Budget by ₹1.4 Billion

The Ministry of New and Renewable Energy (MNRE) has approved a supplementary budget of ₹1.4 billion (~$15.94 million) for the National Bioenergy Program (Phase I), to strengthen the promotion of renewable energy through waste-to-e...

September 17, 2025

Grid

Indian Grid Authorities Call for Action to Prevent Spain-Type Power Blackout

Electricity grid authorities in India have called for a series of actions to prevent an Iberian Peninsula-type blackout disrupting power supply for hours on April 28, 2025. In August, officials from the Ministry of Power, the Grid...

September 17, 2025

Latest News

thumbnail
MNRE Extends Solar Park Program Until March 2029

The Ministry of New and Renewable Energy (MNRE) has extended the timeline of the ‘Development of Solar Parks and Ultra Mega Solar Power Projects’ program by three years until March 31, 2029. According to the latest order, while the program has been...

September 19, 2025

thumbnail
Karnataka Trims BESCOM’s Dues to Solar Project to ₹111.9 Million

Karnataka Electricity Regulatory Commission (KERC) has reduced the reimbursement amount payable by Bangalore Electricity Supply Company (BESCOM) to Talettutayi Solar Projects Two from ₹117.5 million (~$1.33 million) to ₹111.9 million (~$1.27...

September 19, 2025

thumbnail
Daily News Wrap-Up: India’s Solar Imports Up 8.3% YoY in Q2 2025

India imported solar cells and modules worth over $839.4 million (₹71.9 billion) in the second quarter (Q2) of 2025, an 8.3% year-over-year (YoY) increase, according to data from the Department of Commerce. Solar cells made up 72.4% of the total...

September 19, 2025

thumbnail
Lower Manufacturing Costs Drive Vikram Solar’s Revenue in Q1 FY 2026

Module manufacturer Vikram Solar’s revenue increased by 79.7% year-over-year (YoY) to ₹1.13 billion (~$12.86 million) in the first quarter (Q1) of the financial year (FY) 2026 from ₹630.9 million (~$7.18 million). Vikram Solar’s profit after tax...

September 18, 2025

thumbnail
IREDA Approves ₹11.34 Billion Loan to Insolation Green Energy

The Indian Renewable Energy Development Agency (IREDA) has approved a loan of ₹11.34 billion (~$129 million) to Insolation Green Energy, a wholly owned subsidiary of INA Solar, to finance its 4.5 GW solar cell manufacturing facility in Madhya...

September 18, 2025

thumbnail
SECI Invites Bids for Project Report Preparation of Green Hydrogen Hubs

The Solar Energy Corporation of India (SECI) has called for proposals to select an executing agency for preparing detailed project reports (DPRs) for green hydrogen hubs under Component B1 of the National Green Hydrogen Mission. Bids will be chosen...

September 18, 2025

thumbnail
ACCIONA Commissions 412 MW Solar Project in Rajasthan

Spain-headquartered renewable energy company ACCIONA Energía has commissioned a 412 MW solar project in Juna, Rajasthan. The project consists of 750,000 solar modules and is the company’s largest project in India. It is expected to generate 800 GWh...

September 18, 2025

thumbnail
Meyer Burger to Sell Module Machinery to Waaree Amid Bankruptcy

A court in the U.S. has approved the sale of Meyer Burger’s machinery and equipment for the production of solar modules to Waaree Solar Americas and solar cells to Babacomari Solar North for a total of approximately $29 million. The company said...

September 18, 2025

thumbnail
Enfinity Global Secures ₹5 Billion Debt Financing from India Infradebt

Enfinity Global has secured ₹5.2 billion (~$59 million) in debt financing from India Infradebt for its 200 MW solar projects across India. Enfinity has a global portfolio of 36 GW of renewable energy and storage projects, including operational...

September 18, 2025

MORE NEWS