Mercom Research Focus
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Energy Storage Sees Increased VC Investment Momentum in 2025

Venture capital investment in energy storage gained momentum in 2025, rising 30% year over year to $4.8 billion across 75 deals, even as total corporate funding for the sector declined 19% to $16.2 billion, according to Mercom Cap...

February 3, 2026

Finance and M&A

Big Push for Solar, EVs, Critical Minerals and Strategic Manufacturing in Budget 2026

The Union Budget 2026–27 has placed clean energy and manufacturing at the center of India’s growth strategy, unveiling targeted outlays, customs duty rationalization, and policy reforms to accelerate renewables, electric vehicles ...

February 1, 2026

Mercom Research Focus

Underbidding in Battery Energy Storage Auctions Raises Questions Over Project Viability

In recent standalone battery energy storage system (BESS) auctions, several companies have won projects at tariffs below the levelized cost of storage (LCOS), signaling an increasingly aggressive bidding environment. At such low t...

January 30, 2026

Energy Storage

Dispatchable Power Key to Support Industrialization: Economic Survey

India must approach the coming decade not as a climate policy problem in isolation, but as a broader energy system strategy that sequences the transition in line with growth, security, and institutional preparedness, according to ...

January 29, 2026

Latest News

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C&I Units in Coimbatore to Explore Clean Energy Transition Pathways

An increasing number of commercial and industrial (C&I) entities, residential apartment complexes, and large institutions are seeking to transition to renewable energy options that are more cost-effective than conventional energy. Among such...

February 3, 2026

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High Electricity Trading Volumes Increase IEX’s Revenue by 14% in Q3 FY 2026

The Indian Energy Exchange (IEX) recorded a consolidated revenue of ₹1.83 billion (~$19.97 million), a 14% year-over-year (YoY) increase from ₹1.61 billion (~$17.50 million), in the third quarter of the financial year (FY) 2026. The company...

February 2, 2026

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MENA Weekly Roundup: Nextpower Arabia to Supply 2.25 GWp Trackers to L&T

Nextpower Arabia, the newly formed joint venture between Nextpower and Abunayyan Holding, announced it will supply 2.25 GWp of advanced solar tracking systems to Larsen & Toubro (L&T) for the Bisha Solar project. This project was procured by...

February 2, 2026

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EPI Invites Expressions of Interest for EPC of 250 MW Solar Project

Engineering Projects India (EPI) has issued an expression of interest (EoI) for the engineering, procurement, and construction (EPC) of a 250 MW grid-connected solar project in Rajasthan. The project is proposed to be developed near the 220 kV...

February 2, 2026

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KPI Green, NTPC Renewable Energy Commission Solar Capacities at Khavda

Surat-based renewable solutions provider, KPI Green Energy, has commenced power generation and supply from its 200 MW grid-connected solar power project at the 1.8 GW Gujarat State Electricity Corporation’s (GSECL) Solar Park (South Block) in Khavda....

February 2, 2026

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Led by Solar, Renewables Overtake Thermal in India’s Power Mix

Solar power accounted for 26.5% of India’s total installed power capacity and 52.7% of the total installed renewable energy capacity as of December 2025. Solar installations rose 8.8% quarter-over-quarter (QoQ) and 39.6% year-over-year (YoY)....

February 2, 2026

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Strong 9M Performance Drives REC’s Revenue Up 10%

Public infrastructure finance company REC’s revenue from operations increased by 10% to ₹446.41 billion (~$4.87 billion) against ₹407.52 billion (~$4.45 billion) in the first nine months (9M) of the financial year (FY) 2025-26. For the period ended...

February 2, 2026

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WTO Backs China, Directs US to Roll Back Clean Energy Subsidies

The World Trade Organization (WTO) has held that the clean energy subsidies introduced by the U.S. under the Inflation Reduction Act (IRA) are inconsistent with its agreements and has called for their rollback by October 1, 2026. In a ruling on a...

February 2, 2026

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Healthy Operational Efficiency Pushes Websol’s Revenue Up 77.2% in Q3 FY 2026

Solar cell and module manufacturer Websol Energy System’s revenue increased 77.2% year-over-year (YoY) to ₹2.61 billion (~$28.51 million) from ₹1.47 billion (~$16.05 million) in the third quarter (Q3) of the financial year (FY) 2026. Earnings before...

February 2, 2026

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