Mercom Research Focus
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Global Corporate Funding for Solar Surges 131% YoY to $11.1 Billion in Q1 2026

Corporate funding in the solar sector rose to $11.1 billion across 53 deals in the first quarter of 2026, marking a 131% year-over-year increase from the $4.8 billion raised across 39 deals in Q1 2025, according to Mercom Capital ...

May 8, 2026

Energy Storage

Damodar Valley Corporation Names Winner of 500 MWh Energy Storage Auction

Damodar Valley Corporation (DVC) has announced the winner of the auction to set up a 250 MW/500 MWh battery energy storage system (BESS) project in Maithon, Jharkhand. Pace Digitek won the project valued at ₹7.02 billion (~$74.33 ...

May 8, 2026

Energy Storage

UPPCL Announces Winners of 1.5 GWh Battery Storage Auction

The Uttar Pradesh Power Corporation (UPPCL) has announced the winners of the 375 MW/1,500 MWh standalone battery energy storage auction. KCC Buildcon won 187.5 MW/750 MWh, and Agastya Green Energy won 62.5 MW/250 MWh at a tariff o...

May 6, 2026

Sponsored News

Hopewind’s Energy Storage PCS Meets India’s 51°C Heat Challenge

Renewable energy solutions company Hopewind is powering over 650 MW of utility-scale battery energy storage systems (BESS) across two major projects in Rajasthan, deploying more than 260 units of its 2.5 MW central power conversio...

May 7, 2026

Latest News

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SEG Solar to Build 4 GW Solar Module Manufacturing Facility in Houston

SEG Solar, a California-based solar module manufacturer, has announced plans to establish a 4 GW solar module manufacturing facility in Houston, Texas. Commercial operations at the new facility are expected to begin in the third quarter of 2026. The...

May 8, 2026

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RECPDCL Floats Transmission Tenders for Maharashtra Renewables

REC Power Development and Consultancy (RECPDCL) has issued three tenders to set up intrastate transmission systems (InSTS) in Maharashtra to evacuate power from renewable energy projects. The InSTS will be set up for the 765 kV air-insulated...

May 8, 2026

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Robust Module Sales Drive Vikram Solar’s Revenue Up 22% in Q4 FY 2026

Solar module manufacturer Vikram Solar’s revenue from operations for the fourth quarter (Q4) of the financial year (FY) 2026 rose 21.7% year-over-year (YoY) to ₹14.53 billion (~$153.97 million) from ₹11.94 billion (~$126.52 million). The company’s...

May 8, 2026

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Daily News Wrap-Up: MNRE Expands Module Capacity Under ALMM to 193 GW

The Ministry of New and Renewable Energy (MNRE) expanded the Approved List of Models and Manufacturers (ALMM) by adding 20,044 MW of solar module capacity. The cumulative module manufacturing capacity under ALMM now stands at 193,188 MW. The...

May 8, 2026

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First Solar’s Q1 Revenue Rises 24% YoY on Technology Edge, U.S. Manufacturing

U.S.-based module manufacturer First Solar reported a revenue of $1.04 billion in the first quarter (Q1) of 2026, rising 24% year-over-year (YoY). Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $520...

May 8, 2026

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Andhra Pradesh Approves ₹1.72 Trillion Investments in Renewables and Data Centers

The Andhra Pradesh government has approved investments totaling ₹1.72 trillion (~$18.21 billion) across three renewable and data center projects at the 17th State Investment Promotion Board (SIPB) meeting chaired by Chief Minister N. Chandrababu...

May 8, 2026

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Stem’s Q1 2026 Revenue Drops 11%, Misses Analyst Expectations

U.S.-based smart energy storage company Stem reported revenue of $29 million in the first quarter (Q1) of 2026, down 11% year-over-year (YoY) from $32.5 million and missing analyst expectations by $5.61 million. Software, services, and edge hardware...

May 8, 2026

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Foreign Market Disruptions Drive Scatec’s Q1 2026 Revenue Down 31% YoY

Norway-based renewable energy solutions provider Scatec reported revenue of NOK1.64 billion (~$177 million) in the first quarter (Q1) of 2026, down 31.3% year-over-year (YoY) from NOK2.39 billion (~$258 million). The company attributed the revenue...

May 7, 2026

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