Mercom Research Focus
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CERC’s Connectivity Relief a Double-Edged Sword for Delayed Renewable Projects

As a conditional relief measure for renewable energy developers granted grid connectivity access, the Central Electricity Regulatory Commission (CERC) recently introduced a standardized mechanism that allows them additional time t...

August 24, 2026

Energy Storage

SECI Announces Winners of 6 GWh Peak Power Supply Auction

The Solar Energy Corporation of India (SECI) has announced the winners of its auction to select developers for the assured peak supply of 6,000 MWh (1,500 MW X 4 hours) of firm and dispatchable renewable energy from interstate tra...

August 22, 2026

Mercom Research Focus

India’s Solar Imports Rise 50% YoY in Q2 2026, Exports Plunge 88%

Solar cell imports in the second quarter (Q2) of 2026 rose 33.2%, while module imports fell 75.5% compared to the previous quarter. This contrast reflects India’s expanding domestic module manufacturing base, which is increasing d...

August 21, 2026

Markets & Policy

MNRE Allows Four-Month Extension for Renewable Projects Hit by West Asia Crisis

The Ministry of New and Renewable Energy (MNRE) has advised renewable energy implementing agencies (REIAs) and other power procuring agencies to consider granting an extension of up to four months to renewable energy projects affe...

August 24, 2026

Latest News

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Daqo New Energy’s Q2 Revenue Falls 17% as Polysilicon Prices Drop

China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy reported a revenue of $62.66 million in the second quarter (Q2) of 2026, a 16.7% year-over-year (YoY) decline from $75.19 million. The quarterly revenue beat analysts’ estimates...

August 24, 2026

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Daily News Wrap-Up: India’s Solar Imports Jump 50% YoY in Q2

India imported solar cells and modules valued at $1.26 billion (~₹119.41 billion) in the second quarter (Q2) of 2026, up 50.3% year-over-year (YoY) compared to $839.49 million (~₹71.85 billion), according to data from the Department of Commerce. As...

August 24, 2026

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Swift Current Energy Closes $750 Million Corporate Credit Facility

Swift Current Energy, a renewable energy project developer, has closed a $750 million corporate credit facility that includes a $250 million accordion option that could increase its total capacity to up to $1 billion. The company said the...

August 24, 2026

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Scatec Plans Increasing Battery Storage Capacity Fivefold, Q2 Revenue Up 4%

Norway-based renewable energy solutions provider Scatec posted revenue of NOK1.37 billion (~$147.3 million) in the second quarter (Q2) of 2026, up 4% year-over-year (YoY) from NOK1.32 billion (~$141.6 million). Earnings before interest, taxes,...

August 24, 2026

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IREDA’s Q1 Revenue Up 15% on Higher Loan Interest Accruals

Government-owned lender Indian Renewable Energy Development Agency (IREDA) posted a revenue from operations of ₹22.5 billion (~$235.2 million) in the first quarter (Q1) of the financial year (FY) 2027, up 15% year-over-year (YoY) compared with ₹19....

August 21, 2026

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ABRen Secures $1.6 Billion from MUFG to Fund Sprng Energy Acquisition

Aditya Birla Renewables (ABRen), the renewable energy arm of the Aditya Birla Group, has secured a $1.6 billion (~₹153.08 billion) term loan facility from Mitsubishi UFJ Financial Group (MUFG) for its proposed acquisition of Solenergi Power, which...

August 21, 2026

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Coal India Seeks ₹7 Billion Term Loan for 750 MWh Battery Storage Project

Coal India (CIL) has invited bids for a rupee term loan of ₹7.13 billion (~$74.55 million) to develop a 187.5 MW/750 MWh standalone battery energy storage system (BESS) project in Choutuppal, Telangana. The last date to submit the bids is September...

August 21, 2026

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