Archive

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MNRE Mandates 10-Year Warranty, 25-Year Performance Cover for Solar Modules

The Ministry of New and Renewable Energy (MNRE) has issued a standard procedure for warranty management and claims settlement for solar modules installed under...

May 8, 2026

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Rakesh Ranjan

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Markets & Policy

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Solar
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Ballard’s Revenue Up 26% in Q1 2026 on Higher Fuel Cell Shipments

Fuel cell manufacturer Ballard Power Systems’ revenue surged 26% year-over-year (YoY) to $19.4 million in the first quarter (Q1) of 2026, from $15.4 million on the back...

May 8, 2026

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Melvin Mathew

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Finance and M&A

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Other Energy
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SolarEdge’s Q1 Revenue Rises 41.5% YoY on Higher Inverter and Battery Shipments

Israel-based solar inverter manufacturer SolarEdge reported revenues of $310.5 million in the first quarter (Q1) of 2026, a 41.5% year-over-year (YoY) jump from $219.5...

May 8, 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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Fluence Energy’s Revenue Rises 8% YoY to $465 Million in Q2 2026

Utility-scale energy storage firm Fluence Energy reported revenue of $464.9 million for the second quarter (Q2) of fiscal year 2026, a 7.7% year-over-year (YoY) increase...

May 8, 2026

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Meghana Prasad

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Energy Storage

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Finance and M&A
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REC Silicon Posts Lower Q1 Revenue as Oversupply Pressures Persist

Norway-based silicon material manufacturer REC Silicon reported revenue of $19.5 million in the first quarter (Q1) of 2026, down 8.9% from $21.4 million in the same...

May 8, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Pricing Pressure Pushes Flux Power’s Revenue Down 61% YoY in Q3 FY 2026

Lithium-ion storage solutions provider Flux Power has reported revenue of $6.59 million in the third quarter (Q3) of the fiscal year (FY) 2026, down 60.7% year-over-year...

May 8, 2026

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Rakesh Ranjan

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Finance and M&A

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Other
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Apple to Invest ₹1 Billion in CleanMax for 150 MW Renewable Energy Projects

Multinational technology company Apple has committed an initial investment of ₹1 billion (~$10.6 million) in Clean Max Enviro Energy Solutions (CleanMax) to develop more...

May 8, 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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ACME Solar’s Q4 Revenue Rises 12.5% on Capacity Additions, Higher CUF

Gurgaon-based independent power producer ACME Solar Holdings has reported a revenue of ₹5.48 billion (~$58.05 million) in the fourth quarter (Q4) of the financial year...

May 8, 2026

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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SEG Solar to Build 4 GW Solar Module Manufacturing Facility in Houston

SEG Solar, a California-based solar module manufacturer, has announced plans to establish a 4 GW solar module manufacturing facility in Houston, Texas. Commercial...

May 8, 2026

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Meghana Prasad

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Manufacturing

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Modules

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Solar
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RECPDCL Floats Transmission Tenders for Maharashtra Renewables

REC Power Development and Consultancy (RECPDCL) has issued three tenders to set up intrastate transmission systems (InSTS) in Maharashtra to evacuate power from...

May 8, 2026

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Parth Shukla

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Grid

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Tenders and Auctions
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Damodar Valley Corporation Names Winner of 500 MWh Energy Storage Auction

Damodar Valley Corporation (DVC) has announced the winner of the auction to set up a 250 MW/500 MWh battery energy storage system (BESS) project in Maithon, Jharkhand....

May 8, 2026

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Parth Shukla

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Energy Storage

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Tenders & Auctions
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Robust Module Sales Drive Vikram Solar’s Revenue Up 22% in Q4 FY 2026

Solar module manufacturer Vikram Solar’s revenue from operations for the fourth quarter (Q4) of the financial year (FY) 2026 rose 21.7% year-over-year (YoY) to ₹14.53...

May 8, 2026

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Arjun Joshi

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Finance and M&A

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Other
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Daily News Wrap-Up: MNRE Expands Module Capacity Under ALMM to 193 GW

The Ministry of New and Renewable Energy (MNRE) expanded the Approved List of Models and Manufacturers (ALMM) by adding 20,044 MW of solar module capacity. The...

May 8, 2026

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Mercom Staff

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Daily Wrap-up
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Global Corporate Funding for Solar Surges 131% YoY to $11.1 Billion in Q1 2026

Corporate funding in the solar sector rose to $11.1 billion across 53 deals in the first quarter of 2026, marking a 131% year-over-year increase from the $4.8 billion...

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First Solar’s Q1 Revenue Rises 24% YoY on Technology Edge, U.S. Manufacturing

U.S.-based module manufacturer First Solar reported a revenue of $1.04 billion in the first quarter (Q1) of 2026, rising 24% year-over-year (YoY). Adjusted earnings...

May 8, 2026

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Parth Shukla

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Finance and M&A

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Solar

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