Archive

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Daily News Wrap-Up: Solar Cell Production Lags Behind Module Manufacturing

India’s solar manufacturing sector is expanding unevenly, with module production scaling rapidly while cell manufacturing continues to lag. Despite policy support and...

April 30, 2026

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Mercom Staff

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Daily Wrap-up
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Non-Banking Financial Companies Offer Custom Loans for Clean Energy Adoption

As commercial and industrial (C&I) consumers, particularly micro, small, and medium enterprises, seek to transition to sustainable energy solutions, the upfront...

April 30, 2026

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Melvin Mathew

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Finance and M&A

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Solar
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Solar Share in India’s Renewable Energy Capacity Rises to 55% in Q1 2026

Solar power accounted for 28.4% of total installed power capacity and 55% of total installed renewable energy capacity as of March 2026, up from 26.5% and 52.7%,...

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Storage Becomes Critical to Solar Economics After Maharashtra Banking Changes

Maharashtra’s revised renewable energy and multi-year tariff framework ties solar consumption directly to the time of generation. The order defines solar hours as 09:00...

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Clean Energy Meets All Power Demand Growth Globally in 2025 as Solar Surges

Clean energy sources met all global electricity demand growth in 2025, marking a structural turning point for the power sector and halting the long-standing expansion of...

April 30, 2026

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Arjun Joshi

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Markets & Policy

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Other

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Renewable Energy
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Berlin-Based Smart Meter Startup VREY Raises $4 Million in Seed Funding

Germany-based VREY, a solar software and smart metering solutions provider, has raised €3.3 million ($3.8 million) in a seed funding round to scale its operations and...

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Inox Clean Energy to Acquire Ningbo Boway’s US Solar Unit

Inox Solar Americas, a renewable energy platform of Inox Clean Energy, is set to acquire 100% equity in Boviet Solar Technology (North Carolina), the U.S.-based solar...

April 29, 2026

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Rakesh Ranjan

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Finance and M&A

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Solar
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Matrix Renewables Secures $332 Million Non-Recourse Project Financing

Matrix Renewables, a renewable energy developer and independent power producer focused on solar and battery energy storage systems, has secured £245 million (~$332...

April 29, 2026

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Dibin DB

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Energy Storage

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Finance and M&A
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Bondada Engineering Secures BoS Orders for 75 MW Solar Project in Gujarat

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW...

April 29, 2026

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Meghana Prasad

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Inverters & BOS

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Solar

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Utility Scale
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NTPC Tenders Operations and Maintenance of 4 MW Solar Microgrid System

NTPC has invited bids for the operation and maintenance (O&M) of a 4 MW solar microgrid system installed at the NTPC Energy Technology Research Alliance (NETRA) in...

April 29, 2026

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Melvin Mathew

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Solar

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Tenders & Auctions
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Jakson Infra Wins $62 Million Power Distribution Project in Angola

Infrastructure engineering, procurement, and construction (EPC) company Jakson Infra, part of the Jakson Group, has secured a power distribution project from...

April 29, 2026

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Melvin Mathew

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Solar

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Tenders & Auctions
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Emmvee Photovoltaic Reports 116% YoY Surge in FY 2026 Revenue

Bengaluru-based solar cell and module manufacturer, Emmvee Photovoltaic Power, reported a revenue of ₹17.39 billion (~$184 million) in the fourth quarter (Q4) of the...

April 29, 2026

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Arjun Joshi

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Finance and M&A

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Other
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REC Reports Record ₹163 Billion FY 2026 Profit, Loan Book Hits ₹5.84 Trillion

Public infrastructure finance company REC recorded a total income of ₹145.83 billion (~$1.54 billion) for the fourth quarter of the financial year 2026, down 5% from...

April 29, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Enviro Infra’s Subsidiary to Acquire Suyog Urja in $33 Million Deal

Enviro Infra Engineers’ wholly owned subsidiary, EIE Renewables, has signed a share purchase agreement to acquire a 100% stake in Suyog Urja through a phased transaction....

April 29, 2026

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Rakesh Ranjan

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Finance and M&A

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Renewable Energy
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East Central Railway Tenders 1.1 MW Rooftop Solar Systems Under Sonpur Division

East Central Railway has invited bids to install 1.114 MW of rooftop solar systems at Amrit Bharat station (533 kW) and at various locations (581 kW) under Sonpur...

April 29, 2026

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Rakesh Ranjan

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Solar

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Tenders & Auctions

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