Mercom Research Focus
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Solar Corporate Funding Jumps 56% YoY to $16.9 Billion in 1H 2026

Global solar companies raised $16.9 billion in corporate funding during the first half (1H) of 2026, a 56% year-over-year (YoY) increase from $10.8 billion in the corresponding period of 2025, according to Mercom Capital Group’s 1...

July 31, 2026

Mercom Research Focus

DCR Module Shortage Derails Rooftop Solar Timelines Despite Strong Demand

Accounting for 18% of India’s total solar installations in Q1 2026, the rooftop solar segment has been a key growth driver in the country’s efforts to fast-track its clean energy transition. Spurred by ambitious government i...

July 30, 2026

Paid

Larger Capacity Rooftop Solar Systems Dominate PM Surya Ghar Installations

An overwhelming majority of rooftop solar systems installed under the PM Surya Ghar: Muft Bijli Yojana are above 3 kW, according to statistics furnished by the government in Parliament. Central Government subsidies for a 3-kW syst...

July 30, 2026

Floating Solar

Cabinet Clears ₹50 Billion PM Surya Sarovar Floating Solar-Storage Program

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana, a ₹50.7 billion (~$530.20 million) program to develop 5 GW of floating solar projects with co-located energy storage systems across India. The program require...

July 31, 2026

Latest News

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APTEL Quashes TNERC Order Rejecting Extension for 50 MW Solar Project

The Appellate Tribunal for Electricity (APTEL) has set aside an order of the Tamil Nadu Electricity Regulatory Commission (TNERC) that had refused to grant a project-specific extension of the commercial operation date (COD) to a 50 MW solar project....

July 31, 2026

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Bloom Energy Revenue Jumps 165% YoY in Q2, Beats Analysts’ Expectations

Fuel cell and electrolyzer manufacturer Bloom Energy reported a record revenue of $1.07 billion in the second quarter (Q2) of 2026, a 165.5% year-over-year (YoY) increase from $401.2 million. The revenue beat analysts’ expectations by $238.35...

July 31, 2026

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Zenobē Acquires Battery Energy Storage Project Developer sdp energie

Zenobē, an owner and operator of grid-scale battery storage, has acquired Bavaria-based battery energy storage developer sdp energie. According to Zenobē, this acquisition is expected to gain access to a 1.75 GW pipeline of transmission-connected...

July 31, 2026

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Thermal Battery Company Antora Energy Raises $550 Million in Funding

Antora Energy, a developer of thermal batteries, has raised $550 million in an oversubscribed Series C funding round co-led by G2 Venture Partners and Eclipse. New investors included Ribbit Capital, Salesforce Ventures, Activate Capital, John Doerr,...

July 31, 2026

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Tata Power Begins Work on 800 MW Wind-Solar Project in Andhra Pradesh

Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has begun construction of an 800 MW wind-solar project in Andhra Pradesh. The project will comprise 400 MW of solar capacity at Pattikonda in Kurnool district and 400 MW of wind...

July 31, 2026

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Solar Module Sales Lift Waaree’s Q1 Revenue; New US Production Lines Soon

Solar module manufacturer Waaree Energies reported revenue of ₹79.38 billion (~$831.06 million) in the first quarter (Q1) of the financial year (FY) 2027, up 79.2% year-over-year (YoY) from ₹44.26 billion (~$463.72 million). Earnings before interest,...

July 31, 2026

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First Solar Reaffirms 2026 Guidance Despite 4% YoY Q2 Revenue Fall

U.S.-based solar module manufacturer First Solar reported net sales of $1.06 billion in the second quarter (Q2) of 2026, a 3.7% year-over-year (YoY) decline from $1.1 billion. Revenue was broadly in line with analysts’ expectations. The decline was...

July 31, 2026

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Uttar Pradesh Draft Electricity Grid Code Focuses on Renewables, Storage

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has issued the draft Uttar Pradesh Electricity Grid Code Regulations, 2026, proposing a revised framework for planning, connecting, commissioning, and operating the state’s electricity...

July 31, 2026

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ACME’s Revenue Up 68% in Q1 on Higher Electricity Sales

Gurugram-based independent power producer ACME Solar Holdings reported a revenue of ₹8.58 billion (~$90.8 million) in the first quarter (Q1) of the financial year (FY) 2027, up 67.8% year-over-year (YoY) from ₹5.11 billion (~$54.1 million). Revenue...

July 31, 2026

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