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Budget 2026 Wishlist: What the Renewable Energy Industry Wants

With India now meeting half of its power consumption through renewable energy, the industry is heading into the Union Budget 2026 with its wish list shifting from “more capacity” to building the enablers needed to sustain rapid re...

January 21, 2026

Solar

NREDCAP Announces List of Winners for 233 MW Rooftop Solar Auction

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has announced the list of 19 winners in its 233.33 MW rooftop solar auction under the PM Surya Ghar: Muft Bijli Yojana. The rooftop solar systems, up...

January 21, 2026

Energy Storage

Topsun Wins PGCIL’s EPC Auction for 2.1 MW Off-Grid Solar Plus 1.2 MWh BESS

Topsun Energy has won Power Grid Corporation of India’s (PGCIL) auction for providing engineering, procurement, and construction services for a 2.1 MW off-grid solar project with a 300 kW/1,200 kWh battery energy storage system at...

January 21, 2026

Mercom Research Focus

Is Aggressive Bidding Distorting the Economics of Energy Storage Projects in India?

Only 50% of the standalone battery energy storage system (BESS) projects evaluated in a new industry survey showed positive project economics and economic viability under modeled assumptions, highlighting the continuing cost chall...

January 13, 2026

Latest News

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Concord Control Bags Order for 3,100 HP Green Hydrogen Hybrid Locomotive From NTPC

Lucknow-based electric systems and solutions provider, Concord Control Systems, has secured a ₹470 million (~$5.16 million) order from NTPC to supply a 3,100 HP green hydrogen hybrid locomotive, marking a global first in high-horsepower...

January 21, 2026

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Draft National Electricity Policy 2026 Tightens Performance Benchmarks for DISCOMs

The Ministry of Power has released the Draft National Electricity Policy (NEP), 2026, for public consultation, aiming to align India’s power sector with the country’s long-term energy transition goals. The central vision of NEP 2026 is to ensure a...

January 21, 2026

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Higher Module Sales Drive Vikram Solar’s Revenue Up 50% YoY in 9M FY 2026

Solar module manufacturer Vikram Solar reported a consolidated revenue from operations of ₹11.06 billion (~$121.55 million) in the third quarter (Q3) of the financial year (FY) 2026, rising 8% year-over-year (YoY) from ₹10.26 billion (~$112.76...

January 21, 2026

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Solar Financing Firm Aerem Raises $15 Million in Pre-Series B Round

Solar energy financing firm, Aerem Solutions, has raised $15 million (~₹1.36 billion) in a pre-series B funding round led by SMBC Asia Rising Fund, the venture capital arm of Sumitomo Mitsui Banking Corporation. The funding round also saw...

January 21, 2026

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Daily News Wrap-Up: BBMB Floats Tender for 4.3 GW Pumped Storage Projects

Bhakra Beas Management Board (BBMB) invited expressions of interest (EoI) to develop 4,300 MW pumped storage projects in Himachal Pradesh. The last date to submit bids is January 27, 2026. The EoI is being floated for the development of a 2,800 MW...

January 21, 2026

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Funding and M&A Roundup: Terralayr Secures $223 Million in Equity Round

From: Mercom Capital Group Terralayr, a developer, owner, and operator of battery energy storage assets, raised €192 million (~$223 million) in an equity round, including an €80 million (~$93 million) upsizing option. The funding was led by Eurazeo,...

January 21, 2026

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AFSIA Tracks 296 GW Solar Projects in Africa, with 23.4 GW Operational as of 2025

Africa’s solar market has entered a new phase of scale and credibility, with the Africa Solar Industry Association (AFSIA) tracking more than 42,000 solar projects across the continent by the end of 2025, representing a total identified pipeline of...

January 21, 2026

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