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Module Glut, Cell Shortages Drag Down Solar Manufacturing Plant Utilization

The supply mismatch between India’s solar module and cell capacity has had an unlikely fallout: low utilization of module manufacturing lines. With average capacity utilization at about 35% to 40%, manufacturers are struggli...

September 16, 2026

Mercom Research Focus

Deadline Relief Protects Subsidies for Legacy Rooftop Solar Projects

The Ministry of New and Renewable Energy’s (MNRE) decision to extend the deadline for central financial assistance (CFA) claims for legacy rooftop solar projects could help consumers, vendors, and distribution companies (DIS...

September 15, 2026

Breaking

SECI Awards BoS Contract for 700 MW Solar Project

Solar Energy Corporation of India (SECI) has announced the winner of its balance of system (BoS) package auction for a 700 MW solar project at Raghanesda in the Banaskantha district of Gujarat. LC Infra Projects has won the entire...

September 15, 2026

Energy Storage

Data Center Demand to Accelerate Hybrid Renewables in Andhra Pradesh: NREDCAP

Andhra Pradesh is preparing for rising power demand from data centers and other energy-intensive industries, with plans to ensure reliable clean power through hybrid, firm and dispatchable renewable energy (FDRE), and round-the-cl...

September 15, 2026

Latest News

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Project Finance Brief: Sonnedix Secures $1.3 Billion Refinancing

From: Mercom Capital Group Sonnedix, an independent renewable energy power producer, has secured $1.3 billion through a refinancing transaction covering renewable energy assets in Chile. The transaction refinances 1 GW of operational solar and wind...

September 16, 2026

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Funding and M&A Roundup: Suniva Raises $835 Million

From: Mercom Capital Group Suniva, a manufacturer of monocrystalline silicon solar cells, has completed an $835 million capital raise comprising debt and equity financing to fund its second U.S. solar cell manufacturing facility and increase its...

September 16, 2026

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Gujarat Floats Tender for 4.2 MW Solar Projects

The Gujarat Energy Research and Management Institute (GERMI) has invited bids to develop 4.153 MW of grid-connected solar projects. The tender, floated on behalf of the Gujarat Water Supply and Sewerage Board, comprises 3.504 MW of rooftop solar and...

September 15, 2026

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APTEL Rejects Plea Against Transmission Charges on Delayed Solar Projects

The Appellate Tribunal for Electricity (APTEL) has dismissed a solar developer’s review petition challenging its June 24, 2025, judgment that upheld the company’s liability to pay transmission charges arising from delays in commissioning solar power...

September 15, 2026

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CERC Condones Delay in Wind Energy Developer’s REC Application

The Central Electricity Regulatory Commission (CERC) has condoned the delay in filing an application for renewable energy certificates (RECs) for electricity generated in July 2022 by a wind power producer. The Commission relaxed the six-month time...

September 15, 2026

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Ahmedabad Issues Rate Contract Tender for 1 MW Solar Projects

The Ahmedabad Urban Development Authority (AUDA) has invited bids for an annual rate contract for solar projects at various locations in Ahmedabad, Gujarat. The project covers grid-connected rooftop and ground-mounted solar systems aggregating 1,000...

September 15, 2026

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Palisade Acquires 1.4 GW of Wind and Battery Storage Projects in Australia

Palisade Investment Partners, an independent global infrastructure and real assets manager, has acquired 100% interests in two development-stage renewable energy projects in Australia through Intera Renewables. The acquisitions include the...

September 15, 2026

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Gujarat Hikes Additional Surcharge for Open Access Consumers to ₹0.99/kWh

The Gujarat Electricity Regulatory Commission (GERC) has increased the additional surcharge payable by open access consumers by around 30.3% to ₹0.99 (~$0.0103)/kWh for the period from October 1, 2026, to March 31, 2027. The surcharge is ₹0.23 (~$0....

September 15, 2026

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Furo Raises $4 Million to Expand Battery Optimization Platform

Furo, a software company that controls and optimizes commercial and industrial battery storage systems, has raised $4 million to expand its AI-driven platform. TQ Ventures led the funding round, with participation from Neo, Sandberg Bernthal Venture...

September 15, 2026

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