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					</table><p>The Solar Energy Corporation of India (SECI) <a href="https://www.mercomindia.com/seci-unveils-winners-of-1-gw-firm-and-dispatchable-renewable-energy-auction" target="_blank" rel="noopener">announced</a> the winners of the auction to supply 1 GW of Firm and Dispatchable Renewable Energy Round-the-Clock (FDRE-RTC) power from interstate transmission system-connected renewable energy projects (FDRE-RTC-Tranche-V).</p>
<p>The Ministry of New and Renewable Energy (MNRE) <a href="https://www.mercomindia.com/mnre-eyes-faster-green-energy-corridor-phase-iii-rollout-with-ppp-model" target="_blank" rel="noopener">structured</a> the Green Energy Corridor Phase III as a public-private partnership program under tariff-based competitive bidding, with private transmission service providers bearing construction and right-of-way risks and facing stricter performance-linked penalties.</p>
<p>The Gujarat Electricity Regulatory Commission <a href="https://www.mercomindia.com/gujarat-regulator-approves-%E2%82%B94-87-kwh-tariff-for-250-mw-fdre-procurement" target="_blank" rel="noopener">adopted</a> a tariff of ₹4.87 (~$0.0511)/kWh for the procurement of 250 MW of FDRE, integrated with energy storage systems. The Commission directed Torrent Power to execute the power purchase agreement with Torrent Green Energy (the successful bidder).</p>
<p>The Odisha Electricity Regulatory Commission <a href="https://www.mercomindia.com/odisha-issues-draft-rules-for-distributed-renewable-energy-systems" target="_blank" rel="noopener">issued</a> draft regulations to enable efficient integration of distributed renewable energy systems through multiple metering options, storage requirements, billing mechanisms, and grid connectivity standards across the state. Stakeholders must send their comments by August 31, 2026.</p>
<p>Automotive components manufacturer TBK India <a href="https://www.mercomindia.com/tbk-india-expands-rooftop-solar-capacity-after-strong-phase-1-returns" target="_blank" rel="noopener">expanded</a> the rooftop solar capacity at its facility in Shirval, Khandala, Maharashtra, to 1,024.2 kW. Both phases of the project were executed by B.U. Bhandari Energy.</p>
<p>had already <a href="https://www.mercomindia.com/tbk-india-expands-rooftop-solar-capacity-after-strong-phase-1-returns">experienced</a> the benefits of going solar when it commissioned a 750.2 kW rooftop solar project in 2022. It has now Solar solutions company Navgrun s <a href="https://www.mercomindia.com/navgrun-plans-1-2-gw-topcon-solar-wafer-and-cell-manufacturing-facility" target="_blank" rel="noopener">announced</a> its plans to establish 1.2 GW of annual manufacturing capacity for TOPCon G12R solar wafers and cells.</p>
<p>Electric two-wheeler manufacturer River Mobility <a href="https://www.mercomindia.com/river-mobility-raises-120-million-in-series-c-funding" target="_blank" rel="noopener">raised</a> $120 million (~₹11.4 billion) in a Series C funding round led by Elev8 Venture Partners and Claypond Capital.</p>
<p>Solar module manufacturer Vikram Solar <a href="https://www.mercomindia.com/vikram-solars-q1-revenue-up-38-yoy-profit-hit-by-higher-costs-of-goods" target="_blank" rel="noopener">reported</a> consolidated revenue from operations of ₹15.63 billion (~$164.2 million) in the first quarter (Q1) of the financial year (FY) 2027, a 38% year-over-year (YoY) increase from ₹11.34 billion (~$119.1 million).</p>
<p>Solar module and cell manufacturer Premier Energies <a href="https://mercomindia.com/surge-in-cell-module-production-boosts-premier-energies-q1-revenue-by-35" target="_blank" rel="noopener">reported</a> revenue of ₹24.63 billion (~$258.6 million) in Q1 of FY 2027, rising 35.25% YoY from ₹18.21 billion (~$191.18 million).</p>
<p>Wind energy solutions provider Inox Wind <a href="https://www.mercomindia.com/inox-winds-q1-fy-2027-revenue-slips-1-5-yoy-to-%E2%82%B98-14-billion" target="_blank" rel="noopener">reported</a> revenue from operations of ₹8.14 billion (~$85.5 million) in Q1 of FY 2027, down approximately 1.5% YoY from ₹8.26 billion (~$86.8 million).</p>
<p>The U.S. <a href="https://www.mercomindia.com/us-imposes-15-tariff-on-polysilicon-derivatives-sets-solar-import-prices" target="_blank" rel="noopener">announced</a> a 15% additional tariff on certain polysilicon products and set minimum import prices for polysilicon, wafers, and solar cells and modules, effective December 4, 2026, regardless of the country of origin.</p>
<p>Utility-scale energy storage firm Fluence Energy <a href="https://www.mercomindia.com/fluence-energys-q3-revenue-weaker-than-expected-due-to-production-delays" target="_blank" rel="noopener">posted</a> revenue of $649.8 million in Q3 of FY 2026, up 7.9% YoY from $602.5 million. The revenue missed analysts’ estimates by $161.27 million.</p>
<p>U.S.-based energy storage solutions provider Eos Energy Enterprises <a href="https://www.mercomindia.com/higher-storage-system-deliveries-drive-eos-energys-revenue-up-351-in-q2" target="_blank" rel="noopener">reported</a> revenue of $68.8 million in Q2 of 2026, a 351% YoY increase from $15.24 million. The growth was driven by a 207% increase in its Cube energy storage system deliveries.</p>
<p>China set a target to <a href="https://www.mercomindia.com/china-targets-3-5-tw-of-renewable-energy-capacity-by-2030" target="_blank" rel="noopener">increase</a> its total renewable energy generation capacity to around 3.5 TW by 2030 under its Renewable Energy Development Plan for the 15th Five-Year Plan period, according to the National Energy Administration. Annual renewable energy generation is targeted at approximately 6,000 TWh by 2030.</p>


Daily News Wrap-Up: SECI Announces Winners of 1 GW FDRE-RTC Auction


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					</table><p>Solar solutions company <a href="https://navgrun.com/" target="_blank" rel="noopener">Navgrun</a> has announced its plans to establish 1.2 GW of annual manufacturing capacity for TOPCon G12R solar wafers and cells.</p>
<p>The planned facility will manufacture solar wafers, cells, modules, and building-integrated photovoltaic solutions. It will complement Navgrun’s existing 700 MW TOPCon G12R solar module manufacturing facility.</p>
<p>The expansion will add upstream wafer and cell manufacturing capacity to Navgrun’s existing solar module manufacturing operations.</p>
<p>India <a href="https://www.mercomindia.com/india-added-119-gw-solar-module-and-9-gw-cell-capacity-in-2025" target="_blank" rel="noopener">added</a> nearly 119 GW of solar module manufacturing capacity and more than 9 GW of solar cell manufacturing capacity in 2025, according to Mercom India’s State of Solar PV Manufacturing in India 2026 report.</p>
<p>The Ministry of New and Renewable Energy’s latest <a href="https://www.mercomindia.com/solar-cell-capacity-under-almm-list-ii-grows-to-31-76-gw" target="_blank" rel="noopener">update</a> raised the total solar cell manufacturing capacity enlisted under the Approved List of Models and Manufacturers List II to 31.76 GW as of July 22, 2026.</p>
<p>The revision added 1.25 GW of capacity, including 610 MW/year from Avaada Electro’s Nagpur facility and an additional 640 MW/year from Fujiyama Power Systems, taking the latter’s total approved capacity to 1,077 MW/year.</p>
<p>India’s domestic solar cell capacity remains <a href="https://www.mercomindia.com/solar-manufacturing-may-outpace-demand-due-to-grid-constraints" target="_blank" rel="noopener">below</a> module manufacturing capacity, and much of the existing cell capacity uses older monocrystalline technology. Demand is increasingly shifting toward TOPCon cells, resulting in shortages of domestic-content-compliant cells. The mismatch is expected to persist until new TOPCon cell projects are commissioned, stabilized, and reach intended production levels.</p>
<p>At Mercom India Renewables Summit 2026, industry experts said India’s solar cell manufacturing sector is expanding rapidly, but growth is <a href="https://www.mercomindia.com/skilling-rd-cost-competitiveness-key-to-indias-solar-cell-manufacturing-growth" target="_blank" rel="noopener">constrained</a> by gaps in advanced technology, skilled manpower, R&amp;D, domestic supply chains, and cost competitiveness.</p>
<p>They said domestic cell quality still trails Chinese products, while manufacturers remain dependent on China for equipment, materials, and technology. They also said greater backward integration into wafers and ingots and stronger domestic ancillary manufacturing will be critical.</p>
<p>Experts said Indian manufacturers must improve quality and costs to compete globally rather than depend primarily on policy-supported domestic demand.</p>


Navgrun Plans 1.2 GW TOPCon Solar Wafer and Cell Manufacturing Facility

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