Mercom Research Focus
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Solar Tender and Auction Activity Declines in Q2 2026

Government agencies issued tenders for approximately 5.4 GW of solar capacity in the second quarter (Q2) of 2026, down 5.7% from 5.7 GW in the previous quarter and 21.5% lower than 6.8 GW in the same quarter last year. The decline...

August 4, 2026

Mercom Research Focus

Solar Corporate Funding Jumps 56% YoY to $16.9 Billion in 1H 2026

Global solar companies raised $16.9 billion in corporate funding during the first half (1H) of 2026, a 56% year-over-year (YoY) increase from $10.8 billion in the corresponding period of 2025, according to Mercom Capital Group’s 1...

July 31, 2026

Energy Storage

Storage, Engineering, and Service Become Distributed Solar’s Growth Drivers

India’s distributed solar and energy storage markets are expanding, driven by time-of-day (ToD) tariffs, evolving rooftop regulations, backup power requirements, peak-shaving applications, and falling lithium-ion battery prices. I...

August 4, 2026

Floating Solar

Cabinet Clears ₹50 Billion PM Surya Sarovar Floating Solar-Storage Program

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana, a ₹50.7 billion (~$530.20 million) program to develop 5 GW of floating solar projects with co-located energy storage systems across India. The program require...

July 31, 2026

Latest News

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Base Power Raises $1 Billion in Series D Funding Round

Base Power, a distributed energy storage solutions provider, has raised $1 billion in Series D financing at a post-money valuation of $13 billion and started producing Base Core, the company’s new residential battery, at its manufacturing facility...

August 4, 2026

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TotalEnergies Acquires Shell’s 4 GW European Renewables Portfolio

TotalEnergies, a diversified multinational energy company, has signed agreements to acquire a 4 GW onshore renewables portfolio from Shell and sell a 50% stake in a separate 1.2 GW solar and wind portfolio to KKR, a global investment firm. The...

August 4, 2026

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CERC Rescinds Revocation of Renewable Projects’ Grid Connectivity

The Central Electricity Regulatory Commission (CERC) has set aside the revocation of two interstate transmission connectivity grants aggregating 105.84 MW and directed the Central Transmission Utility of India (CTUIL) to restore them, subject to...

August 4, 2026

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

The Ministry of New and Renewable Energy (MNRE) extended the exemption from the Approved List of Models and Manufacturers (ALMM) List II requirement for solar cells for net metering and open access renewable energy projects commissioned on or before...

August 4, 2026

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Solar Module Capacity Under ALMM Grows to 215.5 GW

The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 11,964 MW of solar module capacity The cumulative module manufacturing capacity under ALMM now stands at 215,522 MW. Poola...

August 4, 2026

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PFC Awards Project to Evacuate 3 GW of Renewables in Andhra Pradesh

Power Finance Corporation (PFC) has announced the winner of the auction to establish the inter-state transmission system (ISTS) for integrating the Ananthapuram-III PS Renewable Energy Zone Phase-I (3 GW). Apraava Energy emerged as the winner. The...

August 4, 2026

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Daily News Wrap-Up: MNRE Proposes Uniform Solar Cell Nomenclature

The Ministry of New and Renewable Energy (MNRE) invited stakeholder comments on a draft proposal to introduce a standardized nomenclature for solar photovoltaic cell models included in the Approved List of Models and Manufacturers (ALMM) List II....

August 4, 2026

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MENA Weekly Round-Up: Egypt Signs PPA with Alcazar for 407 MW Wind Project

The Egyptian Electricity Transmission Company (EETC), the state-owned power grid operator, signed a power purchase agreement (PPA) with Alcazar Energy to construct a 407-MW wind power project in the Zafarana region. The agreement was signed by Mona...

August 4, 2026

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