Mercom Research Focus
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India Added 119 GW Solar Module and 9 GW Cell Capacity in 2025

India added nearly 119 GW of solar module and over 9 GW of solar cell capacity in 2025, according to Mercom India’s State of Solar PV Manufacturing in India 2026 report. The manufacturing expansion was driven by demand from India’...

March 18, 2026

Mercom Research Focus

Easing Group Captive Power Norms May Boost C&I Participation

The Ministry of Power’s (MoP) relaxations, allowing group captive projects to meet the 51% consumption requirement collectively rather than based on the individual proportionality requirement, have raised hopes of increased open a...

March 17, 2026

Mercom Research Focus

High Temperatures Emerge as Key Risk for Battery Storage in India

India’s battery energy storage market is entering a new phase of growth, but developers are increasingly facing a constraint that traditional project models have not fully captured: heat. In key renewable hubs such as Rajast...

March 18, 2026

Manufacturing

Use of ALMM-listed Solar Wafers Mandatory a Week After List Publication

The Ministry of New and Renewable Energy has expanded the Approved List of Models and Manufacturers (ALMM) framework by introducing a seven-day cut-off window after the publication of the initial solar wafers list to determine pro...

March 18, 2026

Latest News

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ILJIN Electronics to Raise ₹2.96 Billion from Amber Group Through Rights Issue

Greater Noida-headquartered energy storage solutions provider ILJIN Electronics plans to raise ₹2.96 billion (~$31.79 million) from its parent company, Amber Group, through a rights issue. Upon completion of the transaction, Amber will hold an 89....

March 20, 2026

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PFC to Raise ₹1.6 Trillion from Indian and Global Markets

State-owned lender to the energy sector, Power Finance Corporation’s (PFC) board has approved a plan to borrow up to ₹1.6 trillion (~$17.16 billion) from domestic and international markets through a wide range of instruments for the financial year...

March 20, 2026

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SWELECT-FortifyGrid JV to Set Up Solar-Battery Storage Platform in Singapore

Solar module manufacturer SWELECT Energy Systems has announced that its wholly owned subsidiary, SWELECT Energy Systems, Singapore, will enter into a strategic partnership with U.S.-based FortifyGrid, to form a joint venture (JV) company for the...

March 20, 2026

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GAIL Invests ₹130 Million in JV with TruAlt to Develop Biogas Plants

Ethanol producer TruAlt Bioenergy’s subsidiary, Leafiniti Bioenergy, a compressed biogas (CBG) company, has received an investment of ₹130 million (~$1.4 million) through an equity share subscription from GAIL (India) for implementing CBG projects...

March 20, 2026

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Bluspring Acquires STEAG India Unit to Strengthen Energy Services

Integrated infrastructure services company Bluspring Enterprises has announced that its wholly owned subsidiary, Bluspring New Horizon One (BNHOPL), has executed a share purchase agreement with Germany-based STEAG Energy and STEAG Energy Services...

March 20, 2026

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Rajasthan Invites Bids to Install 4.5 MW Rooftop Solar Systems at Thermal Plants

Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL) has invited bids to install 4.5 MW rooftop solar systems on 44 buildings and civil structures at Suratgarh Thermal Power Station and Suratgarh Supercritical Thermal Power Station in Sriganganagar,...

March 20, 2026

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CPWD Tenders 2.3 MW of Solar Projects in Andhra Pradesh

The Central Public Works Department (CPWD) has issued two tenders to set up a cumulative 2,315 kW of grid-connected rooftop solar and solar parking projects at the Indian Institute of Technology (IIT) and the Indian Institute of Science Education...

March 20, 2026

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Maharashtra Aims to Meet 65% of its Power Needs from Renewables by FY 2036

Maharashtra aims to meet 65% of its power needs from renewable energy sources and has set a target for power distribution companies to procure energy storage capacity equivalent to at least 100 GWh/day, or 10% of their power demand, by the financial...

March 20, 2026

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Gujarat Cuts Additional Surcharge for Open Access Power to ₹0.76/kWh

The Gujarat Electricity Regulatory Commission (GERC) has reduced the additional surcharge by ₹0.24 (~$0.002)/kWh to ₹0.76 (~$0.008)/kWh, payable by open access power consumers, from April 1, 2026, to September 30, 2026. The additional surcharge from...

March 20, 2026

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HPERC Sets Himachal’s Free Power Rate at ₹2.73 /kWh for FY 2027

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has set the rate for the sale of the state government’s free power to the Himachal Pradesh State Electricity Board (HPSEBL) at ₹2.73 (~$0.0292)/kWh for the financial year (FY) 2026–27,...

March 20, 2026

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