Mercom Research Focus
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Major Events that Impacted the Indian Solar Sector in 2025

India added 26.6 GW of solar capacity in the first nine months (9M) of the calendar year (CY) 2025, an increase of 53.7% year-over-year (YoY) from 17.3 GW, according to the Q3 2025 India Solar Market Update Report by Mercom India ...

December 23, 2025

Energy Storage

Power Ministry Mandates 20% Local Content Requirement for VGF BESS Projects

The Ministry of Power (MoP) has directed states and procuring entities to ensure a minimum of 20% local content in the procurement of battery energy storage system (BESS) projects being implemented under the viability gap funding ...

December 24, 2025

Mercom Research Focus

Lowest Energy Storage Auction Tariffs in 2025 [Infographics]

Energy storage in India was long viewed as a niche and costly solution, with limited deployment until around 2018. High costs, immature technologies, and regulatory uncertainty constrained adoption during the early years. Since th...

December 23, 2025

Mercom Research Focus

India’s Top Five Utility-Scale Solar Tenders in 2025 [Infographics]

India added 26.6 GW of solar capacity in the first nine months (9M) of the calendar year 2025, an increase of 53.7% year-over-year (YoY) from 17.3 GW, according to the Q3 2025 India Solar Market Update Report by Mercom India Resea...

December 22, 2025

Latest News

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Korea Zinc to Build $6.6 Billion Critical Minerals Smelter in Tennessee

Korea Zinc has entered into a partnership with the U.S. Department of War and the U.S. Department of Commerce to develop a large-scale critical minerals smelter in Clarksville, Tennessee, U.S. The smelter will manufacture 13 nonferrous metal...

December 24, 2025

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SJVN Green Energy Commissions 1 GW Bikaner Solar Project

SJVN Green Energy has commissioned the full capacity of the 1,000 MW Bikaner Solar Power Project. The project is being developed at a cost of ₹54.92 billion (~$612 million) and executed under the Domestic Content Requirement mode, using locally...

December 24, 2025

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Central Electronics Tenders 4 MW Solar Projects for IIT Kharagpur

Central Electronics (CEL) has issued a tender to set up 4.125 MW grid-connected solar projects at IIT Kharagpur in West Bengal. The installations will comprise 2,900 kW of rooftop solar projects, 225 kW of ground-mounted projects elevated on...

December 24, 2025

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GRIDCO Issues Reservoir Area Allocation Tender for Floating Solar Projects

Grid Corporation of Odisha (GRIDCO) has invited bids to allocate water-surface areas at the Rengali Reservoir in Odisha for setting up floating solar projects for captive use. The allocation will be made through a premium-based competitive bidding...

December 24, 2025

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The Biggest Challenges India’s Renewable Energy Sector Faced in 2025

India made significant strides in strengthening its domestic upstream renewable energy supply chain and added substantial solar generation capacity in 2025. However, the renewable energy sector also faced several major challenges, including...

December 24, 2025

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Vikran Engineering Bags EPC Contract for 600 MW Solar Projects in Maharashtra

Maharashtra-based Vikran Engineering has received a work order from Onix Renewable valued at ₹20.35 billion (~$226.66 million) for the engineering, procurement, and construction (EPC) of 600 MW of grid-connected solar power projects in Maharashtra....

December 24, 2025

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Daily News Wrap-Up: Key Events that Impacted India’s Solar Sector in 2025

India added 26.6 GW of solar capacity in the first nine months of the calendar year 2025, an increase of 53.7% year-over-year from 17.3 GW, according to the Q3 2025 India Solar Market Update Report by Mercom India Research. Large-scale solar...

December 24, 2025

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Funding and M&A Roundup: Alphabet to Acquire Intersect for $4.7 Billion

From: Mercom Capital Group Alphabet, the parent company of Google, entered into a definitive agreement to acquire Intersect, a data center and energy infrastructure solutions provider, for $4.75 billion in cash, plus the assumption of debt. The...

December 24, 2025

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