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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NIRL Declares Winner of Solar, Storage Consultancy Auction

NLC India Renewables (NIRL) has announced the winner of its project management consultancy auction for two battery energy storage system projects totaling 275 MW/650 MWh...

August 17, 2026

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Melvin Mathew

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Solar

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Tenders & Auctions
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Agastya Green Energy to Invest ₹78 Billion in 12 GW Solar Ingot, Wafer Plant

Agastya Green Energy, a renewable energy solutions provider, will invest approximately ₹78 billion (~$816.48 million) to establish 12 GW each of solar ingot and wafer...

August 17, 2026

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Melvin Mathew

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Manufacturing

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Solar
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RECPDCL Tenders Transmission System to Evacuate 12 GW of Renewable Power

REC Power Development and Consultancy (RECPDCL) has invited bids to establish three packages of an interstate transmission system (ISTS) for evacuating 12 GW of...

August 17, 2026

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Melvin Mathew

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T&D

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Tenders and Auctions
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Fall in Battery Hardware Resales Pulls Stem’s Q2 Revenue Down 12% YoY

Energy storage company Stem’s revenue fell 12.3% year-over-year (YoY) to $33.65 million in the second quarter (Q2) of 2026 compared with $38.37 million, missing...

August 14, 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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UPERC Allows Solar Project Developers to Sign PPAs under Special Purpose Vehicles

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has allowed solar project developers to execute 20.2 MW of projects under Component C-2 of the Pradhan Mantri...

August 14, 2026

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Melvin Mathew

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Markets & Policy

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Solar
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Solar Module Prices Set to Rise as Procurement Rush Builds Ahead of ALMM-II Deadline

Developers are accelerating project commissioning ahead of the December 31, 2026, Approved List of Models and Manufacturers (ALMM) List-II exemption deadline, tightening...

August 14, 2026

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Melvin Mathew

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Manufacturing

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Mercom Research Focus

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Solar
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Daily News Wrap-Up: DCR Push Triggers a Solar Module Supply Crunch

The widening price gap between Domestic Content Requirement (DCR)-compliant and non-DCR modules is reshaping procurement and investment decisions across India’s solar...

August 13, 2026

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Melvin Mathew

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Daily Wrap-up
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Octillion Opens Third Battery Plant in India With 3 GWh Annual Capacity

U.S.-based Octillion Power Systems, a supplier of battery systems for electric vehicles, has opened its third manufacturing facility in India in Halol, Gujarat, adding...

August 12, 2026

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Melvin Mathew

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Energy Storage

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Manufacturing
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ACME Solar Refinances ₹21.5 Billion Debt to Redeem Offshore Dollar Bonds

Renewable energy company ACME Solar Holdings has completed the refinancing of ₹21.47 billion (~$225.01 million) of debt by redeeming existing non-convertible debentures...

August 12, 2026

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Melvin Mathew

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Finance and M&A

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Solar
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Amara Raja Starts 10 GWh Battery Plant Construction, Q1 Revenue Up 24%

Energy storage solutions provider Amara Raja Energy and Mobility reported revenue from operations of ₹42.15 billion (~$442.58 million) in the first quarter (Q1) of the...

August 12, 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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MENA Weekly Round-Up: BYD Energy Wins 5.2 GW Solar, 19 GWh Storage Project

BYD Energy Storage secured a major contract from Masdar to supply battery energy storage systems for the round-the-clock (RTC) renewable energy project in Abu Dhabi....

August 12, 2026

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Melvin Mathew

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Energy Storage

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Solar
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Bihar Draft Grid Code Proposes Primary Frequency Response for Renewables

The Bihar Electricity Regulatory Commission (BERC) has proposed that wind and solar projects with battery energy storage systems (BESS), with capacities above 10 MW and...

August 11, 2026

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Melvin Mathew

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Market & Policy

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T&D
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Dilip Buildcon to Sell Stakes in Under-Construction Solar, Transmission Projects

Engineering, procurement and construction company Dilip Buildcon’s board of directors has approved the divestment of its stakes in an under-construction solar...

August 11, 2026

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Melvin Mathew

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Solar

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T&D
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Daily News Wrap-Up: Energy Storage Funding Drops 2% YoY 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...

August 11, 2026

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Melvin Mathew

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Daily Wrap-up
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Tracker Firm FTC Solar Enters Indian Market Amid 31% Revenue Jump in Q2

U.S.-based solar tracker company FTC Solar reported revenue of $26.2 million in the second quarter (Q2) of 2026, up 31% year-over-year (YoY) from $20 million. Revenue...

August 11, 2026

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Melvin Mathew

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Finance and M&A

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Solar

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