Archive

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Waaree Buys Stake in Smart Meter Company Eppeltone for ₹218 Million

Waaree Smart Meters, a step-down subsidiary of Waaree Energies, has acquired a 24.21% equity stake in smart meter manufacturer Eppeltone Engineers for approximately ₹217....

August 10, 2026

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Parth Shukla

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Finance and M&A

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Grid
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Renewable Manufacturing Needs a New Generation of Skilled Engineers: Interview

India’s renewable energy ambitions are creating demand for a new generation of engineers, researchers, and manufacturing professionals with specialized skills....

August 10, 2026

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Melvin Mathew

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Manufacturing

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Solar
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Terra Clean Seeks Power Buyers for Long-Term Renewable Energy Procurement

Terra Clean, a wholly owned subsidiary of Indian Oil Corporation, has invited expressions of interest (EoIs) from commercial & industrial (C&I) organizations...

August 10, 2026

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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Purvah to Acquire 1.4 GW Solar Portfolio from Renew for ₹49 Billion

Purvah Green Power has announced it will acquire a 1.4 GW operating solar portfolio from ReNew Solar Power for an enterprise value of ₹48.59 billion (~$509 million)....

August 10, 2026

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Parth Shukla

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Finance and M&A

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Solar
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Fujiyama Commissions 2 GW Power Electronics Facility in Madhya Pradesh

Rooftop solar solutions and products company Fujiyama Power Systems has announced the commissioning of its 2 GW power electronics manufacturing facility in Ratlam...

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Government Bans New Solar, Wind Projects Within 1 km of India’s Borders

The Ministry of Home Affairs (MHA) has said no new solar, wind or hybrid renewable energy project will be permitted within 1 km of India’s international borders, the...

August 10, 2026

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Rakesh Ranjan

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Markets & Policy

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Renewable Energy
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India’s Non-Fossil Power Capacity Crosses 300 GW

India’s installed non-fossil fuel-based electricity generation capacity reached 300.5 GW as of July 31, 2026, crossing 60% of the country’s target of 500 GW by 2030,...

August 10, 2026

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Melvin Mathew

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Renewable Energy

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Solar
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Chhattisgarh Invites Bids for 1,000 Off-Grid Solar Systems with Storage

The Chhattisgarh State Renewable Energy Development Agency (CREDA) has invited bids for the rate contract for approximately 1,000 off-grid solar systems with battery...

August 10, 2026

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Arjun Joshi

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Off-grid

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Solar

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Tenders & Auctions
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Energy Storage Firms Secure $8.9 Billion in Corporate Funding in 1H 2026

Corporate funding for energy storage companies totaled $8.9 billion across 73 deals in the first half (1H) of 2026, down 2% year-over-year (YoY) from $9.1 billion across...

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Daily News Wrap-Up: SECI Announces Winners of 1 GW FDRE-RTC Auction

The Solar Energy Corporation of India (SECI) announced the winners of the auction to supply 1 GW of Firm and Dispatchable Renewable Energy Round-the-Clock (FDRE-RTC)...

August 10, 2026

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Mercom Staff

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Daily Wrap-up
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India’s Solar Power Generation Rises 45.9% YoY to 62.8 BU in Q2 2026

India generated approximately 62.8 billion units (BU) of solar power in Q2 2026, increasing 45.9% year-over-year (YoY) from 43 BU in Q2 2025, according to the Central...

August 10, 2026

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Prabha P P

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Mercom Research Focus

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Solar
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TBK India Expands Rooftop Solar Capacity After Strong Phase 1 Returns

For automotive component manufacturers, machining, assembly, testing, and other production processes require an uninterrupted, stable electricity supply. Rooftop solar...

August 7, 2026

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Arjun Joshi

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C&I

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Solar
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Inox Wind’s Q1 FY 2027 Revenue Slips 1.5% YoY to ₹8.14 Billion

Wind energy solutions provider Inox Wind reported revenue from operations of ₹8.14 billion (~$85.5 million) in the first quarter (Q1) of the financial year (FY) 2027,...

August 7, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Gujarat Regulator Approves ₹4.87/kWh Tariff for 250 MW FDRE Procurement

The Gujarat Electricity Regulatory Commission (GERC) has adopted a tariff of ₹4.87 (~$0.0511)/kWh for the procurement of 250 MW of firm and dispatchable renewable energy...

August 7, 2026

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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Heelstone Acquires 188 MW Development-Stage Solar Project in Texas

Heelstone Renewable Energy, an independent power producer and a Qualitas Energy company, has acquired the development-stage Cypress Pointe Solar project in Texas....

August 7, 2026

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Renu

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Finance and M&A

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Solar

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