Mercom Research Focus
thumbnail
China Export Rebate Cuts May Raise India Solar, BESS Prices

China’s recent decision to cancel value-added tax (VAT) rebates on exports of solar and related products from April 1, 2026, is likely to increase project costs for India’s solar and battery energy storage system (BESS) developers...

February 16, 2026

Energy Storage

Hardi Hydro Energy Wins SJVN’s 250 MW/500 MWh Standalone BESS Auction

Madhya Pradesh-based Hardi Hydro Energy has won SJVN’s auction to set up 250 MW/500 MWh of standalone battery energy storage (BESS) systems at the 1,360 MW Panipat thermal power station in Haryana. Hardi Hydro Energy won the entir...

February 13, 2026

Markets & Policy

APTEL Dismisses IEX’s Appeal Against CERC’s Market Coupling Directions

The Appellate Tribunal for Electricity (APTEL) has dismissed an appeal filed by the Indian Energy Exchange (IEX) against the Central Electricity Regulatory Commission’s (CERC) initiation of the process for market coupling in the D...

February 16, 2026

Markets & Policy

Delhi Launches Six-Month Pilot on Peer-to-Peer Solar Trading

As part of a larger bid to decentralize the energy marketplace, the Delhi Electricity Regulatory Commission (DERC) has given the nod for a mechanism for interstate and intrastate peer-to-peer (P2P) solar energy trading on a six-mo...

February 13, 2026

Latest News

thumbnail
Powertrac Invests ₹6 Billion on 1 GWh Containerized BESS Facility

Ahmedabad-based renewable energy solutions provider Powertrac Group has invested ₹6 billion (~$66.17 million) to set up a 1,000 MWh per annum containerized battery energy storage system (BESS) manufacturing facility. The facility will manufacture...

February 16, 2026

thumbnail
MNRE Expands Solar Cell Manufacturing Capacity Under ALMM to 26,477 MW

The Ministry of New and Renewable Energy (MNRE) has issued the fifth revised list of the Approved List of Models and Manufacturers (ALMM List-II) for solar cells, adding 437 MW. The total cumulative solar cell manufacturing capacity rose to 26,477...

February 16, 2026

thumbnail
Cosmic PV Power Adds 1.6 GW Solar Module Manufacturing Line in Gujarat

Module manufacturer Cosmic PV Power has commissioned an additional 1.6 GW TOPCon G12R solar module line at its Surat, Gujarat facility, bringing its total manufacturing capacity to 3 GW. The company is also planning to set up a 4 GW TOPCon G12R...

February 16, 2026

thumbnail
Uttarakhand Invites Bids for 250 MWh Standalone BESS Projects

Uttarakhand Power Corporation (UPCL) has floated tenders to set up standalone battery energy storage systems (BESS) with a cumulative capacity of 100 MW/250 MWh. The last date to submit bids is March 10, 2026. Bids will be opened on March 11. The...

February 16, 2026

thumbnail
Punjab Floats Tender to Procure 1 GW of Solar Power

The Punjab State Power Corporation (PSPCL) has issued a tender to procure 1,000 MW of power from solar projects with capacities ranging from 1 MW to 5 MW, located anywhere in Punjab. The solar projects must be connected to PSPCL or Punjab State...

February 16, 2026

thumbnail
Coal India Steps Up Solar Spending, Exceeds Target for FY 2026

Coal India has stepped up its renewable energy investments, incurring a capital expenditure (CAPEX) of ₹9.61 billion (~$106.11 million) on solar projects in the ongoing financial year (FY) 2026 until January. The expenditure represents 132%...

February 16, 2026

thumbnail
Vayona to Supply 65 MW of Wind Turbines to Oyster Renewable

Wind turbine manufacturer Vayona Energy has signed an agreement with independent power producer Oyster Renewable Energy to supply 64.8 MW of its 18 SG 3.6-145 wind turbines for a project in Kadapa, Andhra Pradesh. Vayona will also provide long-term...

February 16, 2026

thumbnail
NTPC-Indian Oil JV Tenders 215 MW Wind Project in Andhra Pradesh

NTPC Green Energy (NGEL) has invited bids to develop a 215 MW wind project for IndianOil NTPC Green Energy (INGEL), a 50:50 joint venture between NGEL and the Indian Oil Corporation, at the Anantapur-II interstate transmission system (ISTS)...

February 16, 2026

thumbnail
Goa Floats Tender for 300 MW Solar with 900 MWh Storage Projects

Goa Energy Development Agency (GEDA) has invited bids to set up 300 MW of solar projects integrated with a 150 MW/900 MWh battery energy storage system (BESS). Bids must be submitted by March 6, 2026. Bids will be opened on March 9. Bidders must...

February 16, 2026

MORE NEWS