Archive

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India Added 119 GW Solar Module and 9 GW Cell Capacity in 2025

India added nearly 119 GW of solar module and over 9 GW of solar cell capacity in 2025, according to Mercom India’s State of Solar PV Manufacturing in India 2026 report....

March 18, 2026

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Rakesh Ranjan

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Mercom Research Focus

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Solar
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Use of ALMM-listed Solar Wafers Mandatory a Week After List Publication

The Ministry of New and Renewable Energy has expanded the Approved List of Models and Manufacturers (ALMM) framework by introducing a seven-day cut-off window after the...

March 18, 2026

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Arjun Joshi

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Manufacturing

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Markets & Policy

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Solar
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Funding and M&A Roundup: MGA Thermal Secures $12 Million

From: Mercom Capital Group MGA Thermal, a provider of thermal energy-based long-duration energy storage systems, has secured A$17 million (~$12 million) in funding. The...

March 18, 2026

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Staff

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Finance and M&A

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Other
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Punjab Proposes Carry-Forward of Banked Energy for InSTS Open Access Projects

The Punjab State Electricity Regulatory Commission (PSERC) has proposed amendments to the Punjab State Electricity Regulatory Commission (Terms & Conditions for...

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Daily News Wrap-Up: Easing Group Captive Power Rules May Boost C&I Participation

The Ministry of Power’s relaxations, allowing group captive projects to meet the 51% consumption requirement collectively rather than based on the individual...

March 18, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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Project Finance Brief: Prime Infra Secures $4.6B for Pumped Hydro Projects

From: Mercom Capital Group Prime Infra, an infrastructure developer and operator, closed two financing agreements totaling Php273.47 billion (~$4.6 billion). According...

March 18, 2026

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Staff

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Finance and M&A

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Other
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RenewSys Commissions 3 GW Solar Module Facility in Maharashtra

Mumbai-based solar components manufacturer RenewSys has commissioned a 3 GW solar module manufacturing facility at IndoSpace Industrial Park in Khopoli, Maharashtra. The...

March 18, 2026

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Meghana Prasad

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Manufacturing

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Solar
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High Temperatures Emerge as Key Risk for Battery Storage in India

India’s battery energy storage market is entering a new phase of growth, but developers are increasingly facing a constraint that traditional project models have...

March 18, 2026

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Arjun Joshi

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Energy Storage

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Mercom Research Focus
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Anzen India Raises ₹7 Billion to Acquire 12 Solar Assets

Anzen India Energy Yield Plus Trust, an infrastructure investment trust (InvIT) of Edelweiss Real Assets Managers, has completed its unit fundraising of ₹6.96 billion...

March 17, 2026

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Parth Shukla

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Finance and M&A

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Grid

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Solar
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Exicom Commissions EV Charger Manufacturing Plant in Hyderabad

Gurugram-headquartered electric vehicle (EV) charger manufacturer, Exicom Tele-systems (Exicom), has commissioned an integrated manufacturing facility in Hyderabad to...

March 17, 2026

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Melvin Mathew

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Electric Vehicles

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Grid
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Ecofy Raises ₹3.8 Billion to Expand Retail Green Finance in India

Ecofy, a non-banking financial company backed by Eversource Capital, has raised ₹3.8 billion (~$41.1 million) in fresh equity capital to expand its retail-focused green...

March 17, 2026

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Meghana Prasad

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Finance and M&A

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Renewable Energy
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POWERGRID Invites Bids to Select Partner for 5 GW ISTS Project in Visakhapatnam

Power Grid Corporation of India (POWERGRID) has invited bids to select a consortium partner to set up an interstate transmission (ISTS) project to evacuate 5 GW of power...

March 17, 2026

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Melvin Mathew

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Grid

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Tenders and Auctions
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ReNew Offloads 11% Stake in C&I Arm for $95 Million

A consortium of three investors led by LeapFrog Investments, Emerging Market Climate Action Fund, and Carlyle AlpInvest has picked up a combined stake of approximately...

March 17, 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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KPI Green Secures ₹9.79 Billion Loan for 150 MW Wind Project in Gujarat

Surat-based renewable energy solutions company KPI Green Energy has secured ₹9.79 billion (~$105.99 million),  comprising a ₹9.31 billion (~$100.81 million) term loan...

March 17, 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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ANDRITZ Wins Order for Tata Power’s 1 GW Bhivpuri Pumped Storage Project

Austria-based international technology group ANDRITZ has secured an order from Tata Power to supply key equipment for the 1,000-MW Bhivpuri pumped storage project in...

March 17, 2026

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Meghana Prasad

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Other

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Renewable Energy

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