Archive

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Solar Cell Capacity Under ALMM List-II Grows to 31.76 GW

The Ministry of New and Renewable Energy (MNRE) has updated the Approved List of Models and Manufacturers (ALMM) List-II for solar cells, adding Avaada Electro as a new...

July 22, 2026

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Rakesh Ranjan

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Markets & Policy

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Solar
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AMPYR Distributed Energy Secures $194 Million for European Expansion

AMPYR Distributed Energy (ADE), a distributed energy solutions provider backed by AGP Group, has secured €170 million (~$194 million) in debt facilities from existing...

July 22, 2026

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Renu

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Finance and M&A

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Solar
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JSW Energy’s Q1 FY 2027 Profit Falls 36% YoY on Higher Finance Costs

Independent power producer JSW Energy reported consolidated revenue of ₹54.37 billion (~$564.59 million) in the first quarter (Q1) of the financial year (FY) 2027,...

July 22, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Solar Policy Consistency Key to Investors’ Confidence in India: Interview

The Approved List of Models and Manufacturers (ALMM) mandate for solar cells, which came into effect on June 1, 2026, is one of the most widely discussed topics in...

July 22, 2026

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B.S. Nagaraj

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Markets & Policy

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Solar
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GAIL Tenders 600 MW Solar Plus 550 MWh Battery Storage Project

GAIL (India) has issued a tender to set up a 600 MW solar project integrated with a 275 MW/550 MWh battery energy storage system at the Tusco Jhansi Solar Park in Uttar...

July 22, 2026

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Parth Shukla

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Energy Storage

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Solar

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Tenders & Auctions
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Rooftop Solar Gives Packaging Company Uflex a Cost-Cutting Edge

For manufacturing industries with continuous and energy-intensive operations, rooftop solar can reduce electricity costs during daylight hours, when production demand is...

July 22, 2026

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Arjun Joshi

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C&I

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Solar
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MERC Clears Tariff for Adani Electricity’s 750 MW Renewable Power Procurement

The Maharashtra Electricity Regulatory Commission (MERC) has adopted a weighted-average levelized tariff of ₹6.38 (~$0.066)/kWh for procuring 750 MW of round-the-clock...

July 22, 2026

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: MNRE to Fund Perovskite Solar Manufacturing Pilot Line

The Ministry of New and Renewable Energy (MNRE) approved the continuation of its Renewable Energy Research and Technology Development program from the financial year...

July 22, 2026

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Parth Shukla

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Daily Wrap-up

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Other
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Clean Energy Meets Key to Expanding Market Access and Industry Connect

In the calendar year 2025, 119 GW of solar modules and over 9 GW of solar cell manufacturing capacity were added in the country, according to Mercom India’s State of...

July 22, 2026

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Parth Shukla

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C&I

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Renewable Energy
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Project Finance Brief: Fidra Secures $312 Million for Energy Storage Project

From: Mercom Capital Group Fidra Energy, a U.K.-based battery energy storage project developer, has reached financial close on its 500 MW/1.1 GWh West Burton C battery...

July 22, 2026

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Staff

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Finance and M&A

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Other
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India’s AC Efficiency Norms Improve but Lag Behind World Leader Japan

Global markets for air conditioners have expanded rapidly in recent years. Annual AC unit shipments are now 25% higher than they were five years ago, driven largely by...

July 22, 2026

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Rakesh Ranjan

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Efficiency

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Market & Policy
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Funding and M&A Roundup: PureSky Closes $62 Million Credit Financing

From: Mercom Capital Group PureSky Energy, a Denver-based developer, owner, and operator of community solar, commercial and industrial solar, and energy storage projects,...

July 22, 2026

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Staff

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Finance and M&A

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Other
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MENA Weekly Round-Up: Oman Tenders 1 GW of Solar Projects

Oman’s Nama Power and Water Procurement Company invited bids to procure electricity from solar projects totaling 1,000 MW. The projects must be commissioned by the...

July 21, 2026

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Melvin Mathew

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Renewable Energy

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Solar
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Silver Demand Forecast to Drop 19% in 2026 on Lower Solar Cell Loadings

Global silver demand from the photovoltaic sector is expected to decline by 19% year-over-year (YoY) to 151 million ounces in 2026. According to the World Silver Survey...

July 21, 2026

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Arjun Joshi

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Solar
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Midwest Energy Starts Production at 1.2 GWh Battery Storage Plant

Midwest Energy, the technology and clean energy arm of Hyderabad-based Midwest Business House, has commenced commercial production at its 1.2 GWh battery energy storage...

July 21, 2026

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Melvin Mathew

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Energy Storage

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Manufacturing

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