Archive

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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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Bondada Engineering Secures BoS Orders for Adani’s 250 MW Solar Project

Engineering, procurement, and construction company Bondada Engineering has received multiple orders from Adani Green Energy (AGEL) and Adani Green Energy Six totaling ₹4....

May 19, 2026

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Melvin Mathew

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Solar

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Tenders & Auctions
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India’s Policies Shift Focus to Storage, Grid Reliability, and Compliance 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...

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Canadian Solar Expands Battery Storage and US Manufacturing Despite Weak Module Sales

Renewable energy solutions provider Canadian Solar’s revenue for the first quarter (Q1) of 2026 declined 10% year-over-year (YoY) to $1.08 billion from $1.20 billion....

May 19, 2026

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Melvin Mathew

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Finance and M&A

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Modules

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Solar
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Sunstream Secures ₹7 Billion Refinancing for 250 MW Solar Portfolio from SBI

Renewable energy solutions provider Sunstream Green Energy completed a ₹7 billion (~$72.67 million) refinancing with State Bank of India (SBI) for an over-250-MW solar...

May 19, 2026

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Parth Shukla

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Finance and M&A

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Solar
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India Restricts Silver Bar Imports, Solar Manufacturers May Face Cost Pressure

The Directorate General of Foreign Trade has amended the import policy for certain silver bars, moving them from the Free category to Restricted with immediate effect....

May 19, 2026

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Arjun Joshi

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Markets & Policy

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Solar
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MENA Weekly Round-Up: Abu Dhabi to Top Solar Capacity Additions by 2035

According to the Emirates Water and Electricity Company, Abu Dhabi will lead solar capacity additions in the United Arab Emirates (UAE) in 2035. Abu Dhabi’s solar...

May 19, 2026

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Melvin Mathew

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Energy Storage

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Solar
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Daily News Wrap-Up: NLC Announces Winners of 500 MWh EPC Battery Storage Auction

NLC India announced the winner of its auction to set up a 250 MW/500 MWh battery energy storage system (BESS) at the Tamil Nadu Transmission Corporation’s substations....

May 19, 2026

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Mercom Staff

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Daily Wrap-up

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