Archive

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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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Punjab Floats Tender to Procure 250 MW of Solar Power

The Punjab State Power Corporation (PSPCL) has issued a tender for procuring 250 MW of power from grid-connected solar projects for 25 years. Bids must be submitted by...

April 29, 2026

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Parth Shukla

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Solar

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Tenders & Auctions
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Solar Complements Thermal in Meeting India’s Peak Power Demand

Strong capacity additions and advanced resource adequacy planning have helped India meet peak energy demand without any shortages so far this summer. The country’s peak...

April 29, 2026

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Melvin Mathew

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Grid

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Solar
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Uttar Pradesh Approves Revenue Requirements for Transco, Load Dispatch Centre

The  Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved an aggregate revenue requirement (ARR) of approximately ₹59.61 billion (~$630.22 million) and...

April 29, 2026

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Parth Shukla

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Grid

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Market & Policy
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Daily News Wrap-Up: Rajasthan’s Net Metering Slows Without Guidelines

The Rajasthan Electricity Regulatory Commission notified the regulations for virtual and group net metering for renewable energy projects roughly five months ago, but...

April 29, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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Industry Gets Interim Relief as APTEL Stays MERC’s New Energy Banking-Linked Power Bills

The Appellate Tribunal for Electricity (APTEL) has issued an interim order staying the issuance of disconnection notices and electricity bills raised under the new power...

April 29, 2026

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Rakesh Ranjan

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Grid

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Market & Policy
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Hybrid Systems, Storage Drive Next Phase of India’s Solar Growth

India’s solar industry is entering a new phase of growth, marked by a rapid shift toward hybrid energy systems, battery storage, and high-efficiency module technologies,...

April 29, 2026

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Rakesh Ranjan

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C&I

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Renewable Energy
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Project Finance Brief: Enviromena Secures $1.1 Billion for Solar Expansion

From: Mercom Capital Group U.K.-based Enviromena, an independent power producer, signed an £825 million (~$1.1 billion) senior portfolio financing package to support the...

April 29, 2026

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Exergy3 Raises $13.5M in Seed Funding

From: Mercom Capital Group UK-based Exergy3, a thermal energy storage startup, raised £10 million (~$13.5 million) in a seed funding round, led by Axeleo Capital through...

April 29, 2026

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Staff

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Finance and M&A

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Other
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Battery Smart Raises $15 Million from Mirova to Expand EV Charging Network

Gurugram-based Battery Smart, a battery-swapping network for electric two- and three-wheelers operated by Upgrid Solutions, has secured $15 million in debt funding from...

April 29, 2026

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Meghana Prasad

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Energy Storage

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Finance and M&A
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Why India’s 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 29, 2026

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Rakesh Ranjan

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Mercom Research Focus

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Solar
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Karnataka High Court Stays CERC’s Revised Deviation Settlement Mechanism

The Karnataka High Court has issued an interim stay on the enforcement of the Central Electricity Regulatory Commission’s (CERC) revised deviation settlement mechanism...

April 28, 2026

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Melvin Mathew

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Markets & Policy

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Solar

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Wind
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Regulator Allows Haryana to Procure Short-term Power to Manage Summer Demand

The Haryana Electricity Regulatory Commission (HERC) has approved Haryana Power Purchase Centre’s (HPPC) revised proposal to procure short-term round-the-clock...

April 28, 2026

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Arjun Joshi

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Grid

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Market & Policy
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Odisha Approves GRIDCO’s 500 MWh Battery Storage Capacity Procurement

The Odisha Electricity Regulatory Commission (OERC) has approved discovered tariffs in the range of ₹304,000 (~$3,226)/MW/month and ₹354,000 (~$3,757)/MW/month for...

April 28, 2026

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Rakesh Ranjan

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Energy Storage

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Market & Policy

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