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Industry Opines Budget 2026 Marks a Focus Shift to Stable Renewables

The Union Budget 2026 has provided a new focus to India’s renewable energy strategy, moving from capacity addition to developing a sustainable, resilient domestic clean energy ecosystem, with energy storage systems as the key pill...

February 6, 2026

Finance and M&A

PFC Acquires Majority Stake in REC, Board Greenlights Merger

Power Finance Corporation (PFC) has acquired 52.63% of the Government of India’s stake in REC Limited, making REC a subsidiary of PFC. The PFC Board took note of the Union Budget 2026–27 announcement proposing the restructuring of...

February 6, 2026

Mercom Research Focus

India’s Solar Power Generation Rises 22% YoY in 2025 on Project Commissioning Surge

Solar power generation in India rose nearly 22% year-over-year (YoY) to 164.5 billion units (BU) in 2025, up from 133.7 BU, according to data published by the Central Electricity Authority (CEA). Solar power generation growth in Q...

February 5, 2026

Grid

CTUIL Warns of Power Grid Congestion Without Demand-Led Planning

India’s national power transmission utility has stressed that grid expansion must align with realistic demand growth and resource adequacy planning rather than by connectivity applications. The Central Transmission Utility of Indi...

February 6, 2026

Latest News

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Hero MotoCorp Approves Investment of ₹2.75 Billion in Euler Motors

Hero MotoCorp has approved an additional investment of up to ₹2.75 billion (~$30.45 million) in Euler Motors. The investment is to be made in one or more tranches through a combination of primary infusion and/or secondary purchase. Euler Motors is...

February 6, 2026

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Uttar Pradesh Adopts ₹2.57/kWh Tariff for a 400 MW Solar Project in Rajasthan

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a tariff of ₹2.57 (~$0.028)/kWh for procuring power from 400 MW of solar projects by Uttar Pradesh Power Corporation (UPPCL). The Commission also approved the Power Purchase...

February 6, 2026

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Adani Energy Solutions Delivers 10 Million Smart Meters Across Five DISCOMs

Adani Energy Solutions (AESL) has delivered 10 million smart electricity meters to distribution companies (DISCOM), with another 10 million deliveries expected in the coming financial year. AESL said it completed the installation of these smart...

February 6, 2026

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Suzlon’s Revenue Up 42% in Q3 FY 2026 on Higher Wind Turbine Orders

Wind turbine manufacturer Suzlon Group’s revenue rose 42.4% year-over-year (YoY) to ₹42.28 billion (~$467.44 million) in the third quarter (Q3) of the financial year (FY) 2026 from ₹29.69 billion (~$328.24 million). Earnings before interest, taxes,...

February 6, 2026

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Himachal Pradesh Invites Bids for DPR of 3 MW Solar Plus 2 MW BESS Project

Himachal Pradesh State Electricity Board (HPSEBL) has invited bids to conduct a detailed survey and prepare a detailed project report (DPR) for a 3 MW ground-mounted solar project with a 2 MW/4 MWh battery energy storage system (BESS) in Dehra town,...

February 6, 2026

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Solar Cell Capacity Under ALMM List-II Increases to 26 GW

The Ministry of New and Renewable Energy (MNRE) has issued the fourth revised Approved List of Models and Manufacturers List-II for solar cells, raising the total enlisted capacity to 26 GW. Evervolt Solar Technology (Evervolt Green Energy) makes...

February 6, 2026

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Oil India Invites Bids for EPC of 100 MW Solar Projects

Oil India (OIL) has invited expressions of interest to enlist engineering, procurement, and construction (EPC) vendors to establish at least 100 MW of grid-connected solar projects in any state in India. The solar projects can include ground-mounted,...

February 6, 2026

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