Mercom Research Focus
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Aggressive Bidding Puts India’s Energy Storage Push at Crossroads

Aggressive bidding is rapidly becoming the defining feature of India’s energy storage tender landscape, raising concerns among stakeholders. As competition intensifies and tender volumes rise, discovered tariffs for battery energy...

February 4, 2026

Mercom Research Focus

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

Markets & Policy

Solar Module Export Hopes Rekindle on US-India Trade Agreement

The announcement of the U.S.-India trade deal, under which Indian exports will attract a 18% tariff instead of 25%, is expected to bring relief to Indian solar exporters. U.S. President Donald Trump announced on social media that ...

February 3, 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

Latest News

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Funding and M&A Roundup: Jupiter Secures $500 Million Credit Facility

From: Mercom Capital Group Jupiter Power, a utility-scale energy storage project developer and operator, has secured a $500 million senior-secured green revolving loan and letter of credit facility. Barclays Bank, HSBC Bank USA, ING Capital,...

February 4, 2026

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Ladakh Invites Bids for 1-3 kW Rooftop Solar Systems in 7,000 Households

The Ladakh Power Development Department (LPDD) has invited bids to set up rooftop solar systems of 1–3 kW for up to 7,000 residential consumers under the PM Surya Ghar: Muft Bijli Yojana, through the utility-led aggregation–renewable service company...

February 4, 2026

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Delhi Development Authority Invites Bids for 2.2 MW Solar Carport Project

The Delhi Development Authority (DDA) has invited bids for the design, supply, erection, testing, and commissioning of a net-metered ground-mounted solar carport project of 2.2 MW at DDA Baansera Park, New Delhi. The project will be developed under...

February 3, 2026

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Tata Power Renewables Commissions 198 MW Captive Wind Project in Tamil Nadu

Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has commissioned a 198 MW wind energy project under a group captive model in Karur, Tamil Nadu. The facility comprises 55 wind turbines of 3.6-MW each and is expected to produce...

February 3, 2026

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Chhattisgarh Flags DSM Charges Misapplication for Open Access Consumers

The Chhattisgarh State Electricity Regulatory Commission (CSERC) has issued clarifications on the applicability of wheeling and Deviation Settlement Mechanism (DSM) charges for intrastate open access consumers, proposing a one-time settlement...

February 3, 2026

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Punjab Proposes Stricter Banking Rules for Captive Renewable Energy Projects

The Punjab State Electricity Regulatory Commission (PSERC) has proposed amendments to the Punjab State Electricity Regulatory Commission (Harnessing of Captive Power Generation) Regulations, 2022, with a specific focus on the banking of energy by...

February 3, 2026

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RERC Revises Power Connection Charges, Supply Rules for High-Demand Consumers

The Rajasthan Electricity Regulatory Commission (RERC) has notified the Second Amendment to the Electricity Supply Code and Connected Matters Regulations, 2025, introducing significant changes to the rules governing the recovery of dues from...

February 3, 2026

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IIT Roorkee Invites Bids to Procure 10 MW of Solar Power

The Indian Institute of Technology Roorkee (IITR) has issued a request for proposal (RfP) to procure 10 MW of solar power under a captive/group captive open access arrangement. IITR will hold 26% of the equity shares in the solar project, valued at...

February 3, 2026

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