Archive

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Daily News Wrap-Up: PSPCL Announces Winners of 500 MW Solar Auction

SAEL Industries, Waaree Forever Energies (a subsidiary of Waaree Energies), MB Power (Madhya Pradesh) (a subsidiary of Hindustan Power), and JLTM Energy India (a...

April 24, 2026

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Mercom Staff

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Daily Wrap-up
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ReNew to Set Up 6.5 GW Solar Ingot-Wafer Facility in Andhra Pradesh

Independent power producer ReNew Energy Global will set up a 6.5 GW solar ingot-wafer manufacturing facility in Anakapalli, Andhra Pradesh, with an investment of ₹42...

April 24, 2026

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Parth Shukla

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Manufacturing

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Solar
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SJVN Green Invites Bids for Sale of 712 MW Solar Modules

SJVN Green Energy (SGEL) has issued an expression of interest (EoI) for the sale of 712.89 MW of solar modules stored at multiple locations in India. Bids must be...

April 24, 2026

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Meghana Prasad

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Solar

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Tenders & Auctions
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Saatvik Green Energy Acquires 80% Stake in Transformer Manufacturer

Haryana -based solar module manufacturer Saatvik Green Energy has acquired an 80% equity stake in Melcon Transformers and Electricals, a Jaipur-based transformer...

April 23, 2026

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Rakesh Ranjan

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Finance and M&A

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Solar
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MERC Rejects Solar Developer’s ₹477 Million Change-in-Law Compensation Claim

The Maharashtra Electricity Regulatory Commission (MERC) has rejected a solar developer’s petition seeking compensation of ₹477.5 million (~$5.09 million) for additional...

April 23, 2026

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Melvin Mathew

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Markets & Policy

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Solar
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CleanCapital Sells 120 MW Solar Project in Ohio

CleanCapital, a U.S.-based independent power producer focused on distributed renewable energy, has sold a 120 MW solar project in Harrison County, Ohio, to Energix...

April 23, 2026

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Renu

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Finance and M&A

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Solar
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MERC Approves Tariffs for 8 MW Round-the-Clock Renewable Energy

The Maharashtra Electricity Regulatory Commission (MERC) has approved tariffs ranging from ₹5.30 (~$0.0565)/kWh to ₹5.90 (~$0.0629)/kWh for the procurement of...

April 23, 2026

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Meghana Prasad

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Markets & Policy

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Renewable Energy
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EMERAM Acquires Stake in Home Energy Management Firm Solar Manager

EMERAM, an investment manager, has acquired a stake in Switzerland-based Solar Manager AG, a provider of home energy management solutions. The financial details of the...

April 23, 2026

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Dibin DB

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Finance and M&A

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Smart Grid
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Maharashtra Forms Panel to Review Electricity Duty on Rooftop Solar

The Government of Maharashtra has constituted a committee to examine the applicability of electricity duty on rooftop solar consumers, behind-the-meter systems, and grid...

April 23, 2026

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Arjun Joshi

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Markets & Policy

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Rooftop

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Solar
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Sterling and Wilson’s Revenue Drops 23% but Profit Surges in Q4 FY 2026

Sterling and Wilson Renewable Energy (SWREL) reported a consolidated revenue from operations of ₹19.46 billion (~$207.57 million) for the fourth quarter (Q4) of the...

April 23, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Adani Green Energy Operationalizes 292 MW Solar Project in Gujarat

Adani Green Energy Twenty Six A (AGE26AL), a wholly owned step-down subsidiary of Adani Green Energy (AGEL), has operationalized a 292 MW solar project in Khavda,...

April 23, 2026

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Parth Shukla

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Solar

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Utility Scale
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EIE Renewables to Acquire 150 MWh Battery Storage Project in Bihar

EIE Renewables, a wholly owned subsidiary of Enviro Infra Engineers, has entered into an agreement to acquire PRA Bihar Bess, a special purpose vehicle of Barbrik...

April 23, 2026

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Melvin Mathew

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Energy Storage

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Finance and M&A
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MERC Approves 60 MW Wind-Solar PPA Withdrawal, Citing High Tariff

The Maharashtra Electricity Regulatory Commission (MERC) has allowed Mindspace Business Parks, Gigaplex Estate, and KRC Infrastructure and Projects to withdraw their...

April 23, 2026

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Rakesh Ranjan

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Markets & Policy

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Solar
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BEE Issues Compliance Framework for Renewable Consumption Obligation

India has operationalized a national compliance framework for renewable energy consumption with the Bureau of Energy Efficiency (BEE) issuing operational guidelines for...

April 23, 2026

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Meghana Prasad

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Markets & Policy

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Renewable Energy

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Solar
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SAEL, Waaree, MB Power, and JLTM Energy Win PSPCL’s 500 MW Solar Auction

SAEL Industries,  Waaree Forever Energies (a subsidiary of Waaree Energies), MB Power (Madhya Pradesh) (a subsidiary of Hindustan Power), and JLTM Energy India (a...

April 23, 2026

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Rakesh Ranjan

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Solar

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Tenders & Auctions

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