Archive

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

India added 2.7 GW of rooftop solar capacity in the first quarter of 2026, a YoY growth of 125.4% from 1.2 GW and a 25.4% QoQ jump from 2.2 GW, according to Mercom India...

June 2, 2026

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Meghana Prasad

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Other

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Renewable Energy
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Karnataka Issues New Rules for Transmission Licenses Under Competitive Bidding

The Karnataka Electricity Regulatory Commission (KERC) has issued regulations governing the procedure, terms, and conditions for granting transmission licenses for...

June 2, 2026

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Arjun Joshi

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Grid

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Market & Policy
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Uttarakhand Rules Against Connectivity Fees for EHV Load Enhancement

The Uttarakhand Electricity Regulatory Commission (UERC) has clarified that the Power Transmission Corporation of Uttarakhand (PTCUL) is not required to execute a...

June 2, 2026

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Rakesh Ranjan

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Grid

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Market & Policy
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Vesper Energy Secures $236 Million Financing for Texas Solar Project

Vesper Energy, a U.S.-based utility-scale solar and battery storage project developer, has reached financial close on $236 million in debt financing for its 201 MW...

June 2, 2026

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Renu

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Finance and M&A

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Solar
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Avaada Group Secures $950 Million for Renewable Energy Projects

Renewable energy company Avaada Group has secured $950 million in financing from a consortium of global and domestic banks for renewable energy projects in India. The...

June 2, 2026

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Meghana Prasad

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Finance and M&A

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Solar
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Eelpower Energy Acquires 50 MW Battery Storage Project in UK

Eelpower Energy, an energy storage project developer backed by Equitix, Aware Super, and the National Wealth Fund, has acquired the 50 MW/100 MWh Stoneworthy battery...

June 2, 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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Uttar Pradesh Adopts Tariffs for 165.5 MW of Solar Power Under KUSUM

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has adopted tariffs of ₹2.98 (~$0.0313)/kWh and ₹2.99 (~$0.0314)/kWh for the procurement of 165.5 MW of solar...

June 2, 2026

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Rakesh Ranjan

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Markets & Policy

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Solar
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Telangana Amends Power Supply Code to Mandate 18% Interest on Excess Billing

The Telangana Electricity Regulatory Commission (TGERC) has issued the Electricity Supply Code Third Amendment Regulation, 2026, requiring distribution companies...

June 2, 2026

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Arjun Joshi

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Grid

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Market & Policy
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IREDA’s Revenue for Q4 Jumps 14% Amid Higher Loan Disbursements

Government-owned lender Indian Renewable Energy Development Agency (IREDA) posted revenue of ₹21.75 billion (~$229 million) in the fourth quarter (Q4) of the financial...

June 2, 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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Rajasthan Sets September Deadline for Battery Storage Charging SOP

The Rajasthan Rajya Vidyut Prasaran Nigam (RVPNL) has extended the time for implementing the standard operating procedure (SOP) for first-time charging (FTC) of battery...

June 2, 2026

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Melvin Mathew

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Energy Storage

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Market & Policy
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NTPC Renewables Floats Tender for 300 MW Solar Projects in Rajasthan

NTPC Renewable Energy (NTPC REL) has invited bids for an engineering, procurement, and construction (EPC) package for the development of 300 MW (1×300 MW) of...

June 2, 2026

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Meghana Prasad

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Solar

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Tenders & Auctions
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Daily News Wrap-Up: India’s Solar Imports Jump 14% QoQ in Q1 2026

India imported solar cells and modules worth over $1.27 billion (~₹116 billion) in the first quarter (Q1) of 2026, a 2.8% year-over-year decline from $1.3 billion (~₹112....

June 2, 2026

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Melvin Mathew

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Daily Wrap-up
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Developers, EPC Players Wary as MNRE Sticks to ALMM Solar Cells Mandate

The Ministry of New and Renewable Energy’s (MNRE) decision not to grant a blanket extension of the Approved List of Models and Manufacturers (ALMM) List-II deadline...

June 2, 2026

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Rakesh Ranjan

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Mercom Research Focus

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Solar
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Patel Infrastructure Floats EPC Tender for 700 MW Solar Project in Gujarat

Patel Infrastructure has invited bids for the engineering, procurement, and construction (EPC) of a 700 MW solar project in Ahmedabad, Gujarat. The last date to submit...

June 2, 2026

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Arjun Joshi

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Solar

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Tenders & Auctions
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Nextpower to Acquire Prevalon Energy for Up to $365 Million

Nextpower, an integrated provider of utility-scale solar infrastructure solutions offering trackers, electrical balance-of-system solutions, software, and robotics, has...

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