Archive

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Daily News Wrap-Up: Storage Drives India’s Policy Shift in Q1 2026

India’s renewable energy sector is entering a phase of stricter regulatory compliance, growing integration of storage, and evolving market structures, according to...

May 20, 2026

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Mercom Staff

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Daily Wrap-up
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CIP, BII Launch $300 Million India Renewable Energy Platform

Copenhagen Infrastructure Partners (CIP), through its Growth Markets Fund II (GMF II), and British International Investment (BII) announced the launch of North Star, a...

May 20, 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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Kerala Begins Shifting Toward Solar-Plus-Storage as Rooftop Market Matures

Kerala’s residential rooftop solar market has seen a strong demand for solar-plus-storage systems over the past year. Consumers who previously chose standard...

May 20, 2026

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Arjun Joshi

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Mercom Research Focus

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Rooftop

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Solar
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Funding and M&A Roundup: Crux Secures $500 Million Debt Facility

From: Mercom Capital Group Crux, a clean energy finance platform, has closed a $500 million debt financing facility with Nuveen Energy Infrastructure Credit, Nuveen’s...

May 20, 2026

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Dibin DB

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Finance and M&A

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Other
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Solar Cell Manufacturers Need Transition Window to Bridge Supply Gap: Interview

India has mandated the use of India-made solar cells in solar projects from June 1, 2026, under the Approved List of Models and Manufacturers (ALMM) to boost domestic...

May 20, 2026

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B.S. Nagaraj

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Manufacturing

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Solar
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Project Finance Brief: Sunraycer Secures $901M for Solar and Storage Projects

From: Mercom Capital Group Sunraycer Renewables, a developer, owner, and operator of clean energy power sites, closed a $901 million project financing facility to...

May 20, 2026

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Dibin DB

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Finance and M&A

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Other
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ONGC’s Mehsana Asset Saves ₹4.5 Million Annually with 370-kW Solar Carport

The KDM Complex, the administrative head office of the Oil and Natural Gas Corporation’s (ONGC) Mehsana asset, is saving nearly ₹4 million (~$46,800) to ₹4.5 million...

May 19, 2026

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Melvin Mathew

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C&I

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Solar
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Telangana Proposes Allowing Recovery of FCA Charges Beyond ₹0.3/kWh

The Telangana Electricity Regulatory Commission (TGERC) has proposed removing the cap on the recovery of fuel cost adjustment (FCA) charges of  ₹0.3 (~$0.003)/kWh. The...

May 19, 2026

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Melvin Mathew

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Grid

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Market & Policy
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Power Ministry Approves Transmission Lines for 650 MW Renewable Projects

The Ministry of Power has authorized three renewable energy companies to lay overhead transmission lines to connect 650 MW of renewable energy projects in Rajasthan and...

May 19, 2026

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Arjun Joshi

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Grid

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Market & Policy
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Municipal Corporation in Andhra Pradesh Tenders 4.5 MW Solar Projects

Rajamahendravaram Municipal Corporation (RMC) has floated two tenders for the development of grid-connected solar projects in Andhra Pradesh, with a cumulative capacity...

May 19, 2026

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Meghana Prasad

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Solar

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Tenders & Auctions
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Levelized Cost of Solar-Plus-Storage Fell to $54-82/MWh in 2025: IRENA

Firm-levelized cost of energy (LCOE) for solar plus storage solutions fell to $54-82/MWh by 2025 in high-irradiance solar regions and strong wind corridors globally from...

May 19, 2026

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Melvin Mathew

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Energy Storage

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Markets & Policy

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Solar
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Madhya Pradesh Proposes Easing Net Metering Process Under PM Surya Ghar

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has issued the draft First Amendment to the Grid Interactive Renewable Energy Systems Related Matters...

May 19, 2026

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Rakesh Ranjan

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Markets & Policy

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Solar
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Elong Power Holding Closes $6 Million Public Offering

Elong Power Holding, a company that provides lithium-ion battery solutions for energy storage systems and electric vehicles, has announced the closing of its $6 million...

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Enel to Acquire 270 MW US Solar Portfolio for $140 Million

Enel, through its wholly owned subsidiary Enel Green Power North America, has signed an agreement with a U.S. utility to acquire seven operational solar projects. The...

May 19, 2026

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Dibin DB

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Finance and M&A

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Other

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Solar
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ReNew’s FY 2026 Net Profit Doubles as Capacity Additions Sustain Momentum

Decarbonization solutions company ReNew’s revenue for the fourth quarter (Q4) of financial year (FY) 2025-26 rose 9.5% to ₹31.79 billion (~$330.44 million) from ₹29.05...

May 19, 2026

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Arjun Joshi

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Finance and M&A

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Other

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