Author: Melvin

About Melvin

Melvin Mathew, Staff reporter at Mercom India More articles from Melvin Mathew.
Melvin Mathew Melvin Mathew is a staff reporter at Mercom India. Before joining Mercom, , he was a city-beat reporter for the Bangalore Mirror. He holds a bachelor's degree in English, Journalism, and Psychology from St Joseph’s University, Bengaluru.More articles from Melvin Mathew
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Climate Fintech Company Cloover Raises $1.2 Billion in Debt, Equity

Berlin-based climate fintech company Cloover has secured over $1.2 billion in funding commitments, comprising equity and debt facilities from investors, to build an AI...

January 23, 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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POWERGRID Invites Bids to Select Partner for 1.5 GWh BESS in Tamil Nadu

Power Grid Corporation of India (POWERGRID) has invited bids to set up 375 MW/1,500 MWh standalone battery energy storage systems (BESS) in seven locations in Tamil Nadu....

January 22, 2026

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Melvin Mathew

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Energy Storage

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Tenders & Auctions
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Higher Solar Module Sales Boost Waaree Energies’ Revenue in Q3 FY 2026

Solar module manufacturer Waaree Energies’ revenue from operations for the third quarter (Q3) of FY 2026 rose 118.8% year-over-year (YoY) to ₹75.65 billion (~$826.77...

January 22, 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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Corporate Solar Funding Down 16% YoY in 2025; Deal Count Rises, M&A Robust

The total global corporate solar funding dropped by 16% year-over-year (YoY) with $22.2 billion raised in 175 deals, compared to $26.3 billion in 157 deals in 2024,...

January 22, 2026

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Melvin Mathew

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Finance and M&A

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Mercom Research Focus

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Solar
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US Energy Storage Hits New Q1 Record with Over 2 GW Installed: Report

The global energy storage market grew 43% year over year in 2025, adding 106 GW of new capacity worldwide, a significant increase from 73 GW in 2024, according to Wood...

January 22, 2026

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Melvin Mathew

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Energy Storage

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Market & Policy
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Solar Projects in Maharashtra Offer 3-4 Year Payback Despite Regulatory Shifts

Despite regulatory shifts in Maharashtra, solar projects in the state remain financially attractive, with industry experts noting payback periods of 3 to 4 years and...

January 22, 2026

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Melvin Mathew

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C&I

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Rooftop

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Solar
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Genus Power to Acquire 100% Stake in Smart Meter Company

Rajasthan-based smart metering solutions and services provider Genus Power Infrastructure has signed a share purchase agreement to acquire the remaining 86.49% stake in...

January 21, 2026

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Melvin Mathew

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Finance and M&A

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Grid
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Solar Financing Firm Aerem Raises $15 Million in Pre-Series B Round

Solar energy financing firm, Aerem Solutions, has raised $15 million (~₹1.36 billion) in a pre-series B funding round led by SMBC Asia Rising Fund, the venture capital...

January 21, 2026

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Melvin Mathew

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Finance and M&A

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Solar
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Topsun Wins PGCIL’s EPC Auction for 2.1 MW Off-Grid Solar Plus 1.2 MWh BESS

Topsun Energy has won Power Grid Corporation of India’s (PGCIL) auction for providing engineering, procurement, and construction services for a 2.1 MW off-grid solar...

January 21, 2026

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Melvin Mathew

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Energy Storage

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Solar

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Tenders & Auctions
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Budget 2026 Wishlist: What the Renewable Energy Industry Wants

With India now meeting half of its power consumption through renewable energy, the industry is heading into the Union Budget 2026 with its wish list shifting from “more...

January 21, 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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Solar
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Bhakra Beas Board Floats Tender for 4.3 GW Pumped Storage Projects

Bhakra Beas Management Board (BBMB) has invited expressions of interest (EoI) to develop 4,300 MW pumped storage projects in Himachal Pradesh. The last date to submit...

January 20, 2026

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Melvin Mathew

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Energy Storage

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Tenders & Auctions
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POWERGRID Invites Bids to Select Partner for 1.5 GWh BESS Tender

Power Grid Corporation of India (POWERGRID) has floated two tenders for engineering, procurement, and construction (EPC) of standalone battery energy storage systems...

January 20, 2026

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Melvin Mathew

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Energy Storage

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Tenders & Auctions
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MENA Weekly Round-Up: ADB, Masdar Sign Solar-Plus-Storage Financing Deal

Asian Development Bank (ADB) and Abu Dhabi Future Energy Company PJSC (Masdar) signed a $30 million financing package to develop a 300 MW solar power plant and 75 MWh...

January 20, 2026

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Melvin Mathew

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Energy Storage

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Solar
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NHPC Invites Bids to Develop Power Evacuation Infrastructure at 1.2 GW Jalaun Solar Park

NHPC, on behalf of Bundelkhand Saur Urja, has floated bids to develop power evacuation infrastructure for the 1.2 GW Jalaun Solar Park in Uttar Pradesh. Bundelkhand Saur...

January 20, 2026

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Melvin Mathew

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Grid

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T&D

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Tenders and Auctions
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Bokaro Power Issues O&M Tender for 2 MW Rooftop Solar Projects

Bokaro Power Supply Company (BPSCL) has invited bids for the operation and maintenance (O&M) of 2 MW of rooftop solar projects across various buildings inside and...

January 20, 2026

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Melvin Mathew

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Rooftop

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Solar

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Tenders & Auctions

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