Karnataka Reduces Deviation Settlement Band for Solar Projects to ±5%

Telangana Power Regulator Clears 1.5 GWh Battery Storage Procurement

Jupiter Commissions 1.25 GW TOPCon Solar Cell Manufacturing Facility

Suzlon Energy Bags 400 MW Wind EPC Order in Andhra Pradesh

GB Solar Commissions 2 GW Module Manufacturing Facility in Gujarat

Torrent Power Raises ₹38 Billion Via Non-Convertible Debentures

Daily News Wrap-Up: ‘Give It Up’ Option May Boost Large-Scale Rooftop Solar

Capital Markets, IPOs, and the Next Wave of Renewable Energy Growth

Delhi Regulator Directs DISCOM to Tender 195 MWh Battery Storage Project

Nextpower to Acquire Zimmermann PV-Steel for $378 Million


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					</table><p>As India&#8217;s clean energy sector enters its next phase of growth, capital markets are emerging as a critical source of financing. Renewable energy developers, EPC companies, manufacturers, and other industry participants are increasingly tapping public markets to fund expansion, manufacturing capacity, and large-scale project development.</p>
<p>While public markets have emerged as an important source of capital, clean energy companies are also seeing greater access to financing from government-owned and private financial institutions. As investor confidence in the sector grows, lenders are increasingly backing renewable energy projects, manufacturing facilities, and infrastructure investments. The expanding pool of debt and equity capital is playing a critical role in supporting India&#8217;s clean energy transition.</p>
<p>Clean energy financing will be one of the key themes of discussion at the Mercom India Renewables Summit, to be <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026" target="_blank" rel="noopener">held</a> on July 1 and 2, 2026, at the Hyatt Regency in New Delhi. A panel discussion titled ‘<strong>Public Markets and Private Capital: Funding the Clean Energy Scale-Up’</strong> will be held as part of the Summit on July 2 (Day 2 of the Event) at 4:20 PM. The session will feature Joshit Ranjan Sikidar, Director (Finance) at <a href="https://www.seci.co.in/" target="_blank" rel="noopener">Solar Energy Corporation of India</a>, Sridhar Narayan, Founder/Managing Partner, South Asia at <a href="https://gefcapital.com/" target="_blank" rel="noopener">GEF Capital Partners</a>; Sumit Kishore, Managing Director, Institutional Equities Business at <a href="https://www.axiscapital.co.in/" target="_blank" rel="noopener">Axis Capital</a>; and Akhil Jain, Partner at <a href="https://www.fullertonfund.com/" target="_blank" rel="noopener">Fullerton Fund Management</a>.</p>
<p>This session will cover how investment trends and valuations across the renewable energy sector are being influenced by green initial public offerings (IPOs), strategic equity raises, infrastructure funds, and sovereign capital.</p>
<p>This session will explore how green IPOs, strategic equity raises, infrastructure funds, sovereign capital, and other financing mechanisms are shaping investment trends and valuations across the renewable energy sector.</p>
<p>Panelists will discuss investor expectations, risk perception, balance sheet discipline, regulatory certainty, and capital structuring, while examining how renewable energy companies can attract and deploy long-term, cost-competitive capital to support growth.</p>
<p>Mercom India&#8217;s flagship annual event brings together industry leaders, investors, and policymakers to discuss the trends, opportunities, and challenges shaping India&#8217;s clean energy transition. Through data-driven discussions and industry insights, participants will gain a deeper understanding of the forces influencing renewable energy deployment, investment, and market development.</p>
<p>For the first time, the Summit will feature dedicated workshops and focused discussions addressing practical challenges across manufacturing, workforce development, project procurement, and financing.</p>
<p>The 2026 Summit will also feature the sixth Mercom India Awards and the Renewable Energy Exhibition.</p>
<p><a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/register" target="_blank" rel="noopener">Register</a> now to attend the event and help shape the future of India’s renewable energy sector.</p>



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					</table><p>The winners of the sixth <a href="https://www.mercomindia.com/awards/mercom-india-awards-2026" target="_blank" rel="noopener">Mercom India Awards 2026</a> will be announced during the Mercom India Renewables Summit 2026, and the awards will be presented by Union Minister for New and Renewable Energy Pralhad Joshi.</p>
<p>For over a decade, Mercom India has chronicled India&#8217;s transition from conventional energy sources to a cleaner, more sustainable energy future through its market intelligence, research, news coverage, and advisory services. Throughout this journey, the industry has witnessed remarkable innovation, ambitious projects, strategic investments, and technological advancements that have accelerated renewable energy adoption across the country.</p>
<p>The Mercom India Awards were established to recognize the companies, projects, technologies, and individuals driving this transformation. Today, the awards are among the industry&#8217;s most recognized platforms for celebrating achievements that are helping shape the future of clean energy in India.</p>
<p>The awards recognize excellence across utility-scale solar, commercial and industrial solar, residential solar, hybrid energy projects, energy storage, engineering, manufacturing, product innovation, and emerging clean energy technologies.</p>
<p>This year, Mercom has introduced three new categories to recognize innovation and research-driven advancements: <strong>Emerging Startup Technology of the Year</strong>, <strong>Research-to-Innovation</strong>, and <strong>Clean Energy Research Impact</strong>.</p>
<p>Awards will also be presented across several established categories, including <strong>Best Large-Scale Solar Project</strong>, <strong>Best C&amp;I Project (Rooftop)</strong>, <strong>Best C&amp;I Project (Ground-Mount)</strong>, <strong>Best Residential Project</strong>, <strong>Best Hybrid Project</strong>, <strong>Best Engineered Project</strong>, <strong>Best Innovation – Product</strong>, <strong>Best Energy Storage Project</strong>, <strong>Deal of the Year (Strategic)</strong>, and <strong>Deal of the Year (Financial)</strong>.</p>
<p>The winners will be announced on July 1, 2026, during the Mercom India Renewables Summit 2026. The awards ceremony will begin at 5:50 PM in the Oval Hall at the Hyatt Regency, New Delhi.</p>
<p>The <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/agenda" target="_blank" rel="noopener">Mercom India Renewables Summit 2026</a> will bring together industry leaders, policymakers, investors, developers, manufacturers, and technology providers to discuss the opportunities and challenges shaping the next phase of India&#8217;s clean energy growth.</p>
<p>The two-day event will feature discussions on some of the sector&#8217;s most pressing issues, including regulatory uncertainty, project execution challenges, transmission and grid readiness, financing, technology deployment, domestic manufacturing, and supply chain development.</p>
<p>For the first time, the Summit will also feature dedicated <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/workshop-register" target="_blank" rel="noopener">workshops</a> and focused discussions addressing practical challenges in manufacturing, workforce development, and project procurement.</p>
<p>Together, the Summit and Awards program will provide a platform to recognize industry achievements, showcase innovation, and foster discussions that will help define the future direction of India&#8217;s clean energy sector.</p>


Mercom India Awards: Charting the Future of Clean Energy and Innovation


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					</table><p>As India expands its solar manufacturing and deployment capabilities, attention is increasingly shifting toward establishing a fully self-reliant domestic supply chain encompassing bill of materials (BoM) and balance-of-system (BoS) components.</p>
<p>From backsheets, glass, junction boxes, frames, encapsulants, and wafers to inverters, mounting structures, cables, transformers, and switchgear, the manufacturing of these components offers strong opportunities for localization, value creation, and industrial growth.</p>
<p>Conversations around BoM and BoS manufacturing have taken center stage in India&#8217;s renewable energy industry, especially after the Ministry of New and Renewable Energy proposed an Approved List of Models and Manufacturers for wafers and ingots last year.</p>
<p>At Mercom India’s <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026" target="_blank" rel="noopener">Renewable Energy Summit</a>, scheduled for July 1-2, 2026, at the Hyatt Regency in New Delhi, industry stakeholders will discuss the opportunities and challenges of solar BoM and BoS manufacturing at an exclusive panel discussion, “<strong>Solar BoM &amp; BoS Manufacturing: Expanding Value Creation Across the Solar Supply Chain</strong>,” on July 2.</p>
<p>The session will shed light on the progress and challenges in domestic manufacturing, investment trends, technological competitiveness, supply chain resilience, and policy support.</p>
<p>The panel will feature Bhupendra Singh Rawat, CEO at <a href="https://dhashgreenenergy.com/" target="_blank" rel="noopener">Dhash Green Energy</a>; Ruchi Kukreja, Head of Business Development and Advocacy at <a href="https://www.hindalco.com/" target="_blank" rel="noopener">Hindalco Industries</a>; and Varun Gupta, Director at <a href="https://trivenirenewables.com/" target="_blank" rel="noopener">Triveni Renewables</a>.</p>
<p>The panelists will discuss how strengthening the BoM and BoS segments can reduce import dependence, improve project economics, and position India as a globally competitive solar manufacturing hub.</p>
<p>The 2026 Summit will also feature The <a href="https://www.mercomindia.com/awards/mercom-india-awards-2026" target="_blank" rel="noopener">Mercom India Awards,</a> which will honor outstanding achievements and technological innovations that are transforming India’s energy markets, while the <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/exhibitor" target="_blank" rel="noopener">Mercom India Renewable Summit Expo</a> will bring together renewable energy companies showcasing cutting-edge solutions and services, providing participants with opportunities to connect with industry leaders, explore new business opportunities, and enhance brand visibility.</p>
<p><a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/register" target="_blank" rel="noopener">Register</a> now to attend the event and contribute to shaping the future of India’s renewable energy landscape.</p>


India’s Solar Manufacturing Push Shifts Focus to BoS and BoM Components


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					</table><p>As India works towards ramping up the share of clean energy in power generation, hybrid renewable energy projects have emerged as a viable solution to address intermittency and transmission constraints.</p>
<p>By leveraging the combined potential of solar, wind, and energy storage systems, hybrid projects can enhance capacity utilization and facilitate a more stable electricity supply.</p>
<p>In India, hybrid renewable energy projects face challenges such as inadequate transmission infrastructure, a lack of adequate financing, and a lack of robust regulatory frameworks.</p>
<p>At the sixth edition of Mercom India’s <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026" target="_blank" rel="noopener">Renewables Summit</a> to be held on July 1 and 2, 2026, at the Hyatt Regency in New Delhi, industry stakeholders will get together to discuss how hybrid projects can pave the way for better grid stability at the session titled &#8220;<strong>Powering Stability: Scaling Hybrid Renewables for a Resilient Grid”. </strong> The session will be held on July 1, 2026, at 01:15 PM in the Oval Hall on the Lower Ground Floor.</p>
<p>The discussion will focus on how hybrid renewable energy projects are shaping the next phase of clean energy deployment in India.</p>
<p>The session will feature Sivakumar V. Vepakomma, Director (Power System) at the Solar Energy Corporation of India (<a href="https://www.seci.co.in/" target="_blank" rel="noopener">SECI</a>), Divya Chaturvedi, Partner at <a href="https://www.khaitanco.com/" target="_blank" rel="noopener">Khaitan &amp; Co</a>, and Bhaveshkumar Rathod, Founder and Managing Director of <a href="https://soleosenergy.com/" target="_blank" rel="noopener">Soleos Energy</a>.</p>
<p>The panelists will assess the role of hybrid configurations in improving capacity utilization, grid reliability, and supplying firm power as electricity demand increases.</p>
<p>The discussion will also examine project design considerations, transmission planning requirements, financing structures, and the need for regulatory certainty to support scalable hybrid energy models that deliver cost-effective clean power.</p>
<p>Now in its sixth edition, the Summit brings together policymakers, investors, developers, manufacturers, technology providers, and industry leaders to discuss developments across the renewable energy sector.</p>
<p>The event’s agenda <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/agenda" target="_blank" rel="noopener">covers</a> a wide range of topics, including solar manufacturing, energy storage, transmission infrastructure, renewable energy deployment, financing strategies, and clean energy technologies.</p>
<p>The Summit will also feature <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/workshop-register" target="_blank" rel="noopener">workshops</a> addressing practical challenges across manufacturing, workforce development, and project procurement.</p>
<p><a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/register" target="_blank" rel="noopener">Register now</a> to participate in the event and contribute to shaping India’s dynamic renewable energy future.</p>


Solving India’s Grid Stability Challenge with Hybrid Renewable Projects


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					</table><p>India&#8217;s solar manufacturing sector is entering a critical phase as the country seeks to strengthen domestic supply chains, reduce import dependence, and support its rapidly expanding solar deployment targets.</p>
<p>India added nearly 119 GW of solar modules and over 9 GW of solar cell capacity in 2025, according to <a href="https://www.mercomindia.com/product/state-solar-manufacturing-india-2026" target="_blank" rel="noopener">Mercom India’s State of Solar PV Manufacturing in India 2026</a> report. The cumulative module manufacturing capacity under the Approved List of Models and Manufacturers (ALMM) is 193 GW, while the enlisted cell capacity is 30 GW.</p>
<p>While policy interventions such as the production-linked incentive programs and the Approved List of Models and Manufacturers (ALMM) have boosted investments in manufacturing, factors such as lack of cost competitiveness, technology advancement, raw material availability, and workforce development are still holding the sector back.</p>
<p>At its sixth Renewables Summit, Mercom India will bring together some of the brightest minds in the industry to delve into the challenges facing solar cell manufacturing in the country.</p>
<p>A high-level panel discussion on <strong>“Building a Globally Competitive Solar Cell Manufacturing Ecosystem” </strong>will be held at 12:30 PM on July 1, 2026, at the Hyatt Regency, New Delhi, as part of the Summit. The session will be held at Oval Hall, Lower Ground Floor.</p>
<p>The panelists are Harsh Vardhan Govil, Chief Operating Officer, Solar Manufacturing at <a href="https://www.sael.co/" target="_blank" rel="noopener">SAEL</a>; Prashant Mathur, Chief Executive Officer at <a href="https://saatvikgroup.com/" target="_blank" rel="noopener">Saatvik Green Energy</a>; Suhas Donthi, President and Chief Executive Officer at <a href="https://emmvee.com/" target="_blank" rel="noopener">Emmvee Group</a>, and Hardip Singh, Chief Operating Officer at <a href="https://thegrewsolar.com/" target="_blank" rel="noopener">Grew Solar</a>.</p>
<p>The discussion will examine whether India&#8217;s solar cell manufacturing capacity is expanding fast enough to support the country&#8217;s clean energy ambitions and explore the policy, technology, financing, and supply chain challenges that could shape the sector&#8217;s growth trajectory.</p>
<p>The panelists will share their perspectives on building a globally competitive solar cell manufacturing ecosystem that delivers scale, innovation, quality, and cost competitiveness while strengthening India&#8217;s position in the global solar supply chain.</p>
<p>The Summit will also feature other impactful panel discussions on policy shifts across key segments, including solar, wind, energy storage, green hydrogen, transmission, and clean energy manufacturing.</p>
<p>For the first time, the Summit will feature focused discussions and <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/workshop-register" target="_blank" rel="noopener">workshops</a> addressing practical challenges across manufacturing, workforce development, and project procurement.</p>
<p>In addition to the conference program, the 2026 Summit will host the sixth Mercom India Awards and the Renewable Energy Exhibition.</p>
<p>The <a href="https://www.mercomindia.com/awards/mercom-india-awards-2026" target="_blank" rel="noopener">Mercom India Awards</a>, recognized as one of the solar industry’s most prestigious accolades, will honor outstanding achievements and spotlight companies and individuals driving the sector’s growth. The awards will be presented by Pralhad Venkatesh Joshi, Minister of New and Renewable Energy and Minister of Consumer Affairs, Food and Public Distribution.</p>
<p>The <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/exhibitor" target="_blank" rel="noopener">Renewable Energy Exhibition</a> will feature leading renewable energy companies showcasing solutions and services across solar, wind, energy storage, grid technologies, and other clean energy segments.</p>
<p><a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/register" target="_blank" rel="noopener">Register now</a> to attend the event and help shape the future of India’s renewable energy sector.</p>


Scaling India’s Solar Cell Manufacturing Ecosystem for Global Markets


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					</table><p>Mercom India’s flagship <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026" target="_blank" rel="noopener">Renewables Summit</a> returns for its sixth edition on July 01–02, 2026, at the Hyatt Regency in New Delhi, reaffirming its premier position in the country’s clean energy events calendar.</p>
<p>Each year, the Summit convenes policymakers, industry leaders, investors, and technology providers to discuss ways to translate policy ambition into tangible outcomes. The 2026 Summit advances that mission with a fresh agenda designed to drive execution and scale.</p>
<p>This year’s expanded agenda features additional sessions that put a sharper spotlight on how India’s renewable industry is advancing toward a fully integrated manufacturing ecosystem. Attendees at the event will have access to Mercom India’s exclusive research, gain insight into the policies driving investment and creating opportunities for private sector growth, and discover the technologies being integrated into India’s sustainability journey.</p>
<p>During the event, attendees will gain diverse perspectives from investors, developers, manufacturers, and policymakers while networking with the industry’s elite.</p>
<p>The event will enable participants to connect directly with decision-makers who can get deals done and influence policy. They can gain unrivalled insights into the future of renewables, cutting-edge technologies, the latest trends, and financing strategies.</p>
<p>Attendees can also benefit from gaining a broad insight into on-the-ground challenges and opportunities, as well as Mercom India’s real-time intelligence and market perspectives.</p>
<p>They can also visit an expanded exhibit floor designed to foster deeper connections with industry leaders and company representatives. The exhibition will feature leading companies showcasing solutions and services spanning components, project execution, digital tools, and operations.</p>
<p>The Summit’s speaker lineup will include senior executives, government officials, developers, manufacturers, lenders, and institutional buyers, offering a rare opportunity to compare notes with decision-makers shaping India’s renewable energy trajectory.</p>
<p>The Mercom India Awards return to celebrate exemplary achievements and spotlight transformative work across the sector. <a href="https://www.mercomindia.com/event/mercom-india-renewables-summit-2026/register" target="_blank" rel="noopener">Registration</a> for the 2026 Summit is now open.</p>


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