Archive

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Apple to Invest ₹1 Billion in CleanMax for 150 MW Renewable Energy Projects

Multinational technology company Apple has committed an initial investment of ₹1 billion (~$10.6 million) in Clean Max Enviro Energy Solutions (CleanMax) to develop more...

May 8, 2026

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Parth Shukla

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Finance and M&A

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Renewable Energy
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ACME Solar’s Q4 Revenue Rises 12.5% on Capacity Additions, Higher CUF

Gurgaon-based independent power producer ACME Solar Holdings has reported a revenue of ₹5.48 billion (~$58.05 million) in the fourth quarter (Q4) of the financial year...

May 8, 2026

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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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...

May 8, 2026

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Meghana Prasad

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Manufacturing

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Modules

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Solar
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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...

May 8, 2026

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Parth Shukla

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Grid

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Tenders and Auctions
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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....

May 8, 2026

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Parth Shukla

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Energy Storage

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Tenders & Auctions
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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...

May 8, 2026

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Arjun Joshi

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Finance and M&A

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Other
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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...

May 8, 2026

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Mercom Staff

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Daily Wrap-up
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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...

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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...

May 8, 2026

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Parth Shukla

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Finance and M&A

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Solar
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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...

May 8, 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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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...

May 8, 2026

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Arjun Joshi

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Finance and M&A

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Other
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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...

May 7, 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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India, EU Invite Proposals for €15.2 Million EV Battery Recycling Initiative

The Government of India and the European Union have launched a joint funding initiative worth €15.2 million (₹1.69 billion) to support research and innovation in...

May 7, 2026

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Meghana Prasad

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Electric Vehicles

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Other Energy
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CERC Proposes Exit, Auction of Stalled Renewable Projects with Grid Connectivity

The Central Electricity Regulatory Commission (CERC) has proposed a one-time framework to deal with renewable energy projects that secured transmission connectivity...

May 7, 2026

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Rakesh Ranjan

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Grid

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Market & Policy
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CERC Proposes Shorter Gate Closure for Real-Time Market Power Trades

The Central Electricity Regulatory Commission (CERC) has proposed shortening the scheduling time in the real time market (RTM) in the power exchanges from 75 minutes to...

May 7, 2026

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B.S. Nagaraj

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Markets & Policy

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Other

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