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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

CEA Highlights Pumped Storage as Base Load to Address Peak Power Demand

India’s total installed pumped storage project (PSP) capacity is expected to reach approximately 87 GW by 2033-34, according to the Central Electricity Authority’s (CEA) Roadmap to 100 GW of Hydro Pumped Storage Projects by 2035-3...

January 29, 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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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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In Temporary Cheer for Solar Sector, Silver Prices Crash After Months-long Rally

Global silver prices crashed at the end of last week, ending a sustained six-month rally driven by demand, safe-haven buying, and inventory dips in China. In one of the worst single-day falls in history, spot silver prices plunged by up to 37%...

February 2, 2026

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Tesla’s Q4 2025 Revenue Falls 3% While Energy Generation and Storage Revenue Rises 25%

Electric vehicle-maker Tesla reported a revenue of $24.9 billion, down 3% year-over-year (YoY) in the fourth quarter (Q4) of 2025, compared to 25.7 billion. The decline was driven primarily by lower vehicle deliveries, partly offset by growth in...

February 2, 2026

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Shreyas Sortex Industries Wins NVVN’s 250 MW/500 MWh BESS Auction

Shreyas Sortex  Industries has won NTPC Vidyut Vyapar Nigam’s (NVVN) auction to set up a 250 MW/500 MWh standalone battery energy storage system (BESS) in Kerala. The BESS will have to be installed at the 220 kV Brahmapuram substation in Kochi, with...

February 2, 2026

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Daily News Wrap-Up: Solar, EVs and Manufacturing Receive Boost in Budget 2026

The Union Budget 2026–27 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 (EVs), critical...

February 2, 2026

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Higher Capacity Additions, CUF Drive ACME’s Q3 FY 2026 Revenue Up by 54%

Gurgaon-based independent power producer ACME Solar Holdings has reported a revenue of ₹6.17 billion (~$67.14 million) in the third quarter (Q3) of the financial year (FY) 2026, increasing 53.9% year-over-year (YoY) from ₹4.01 billion (~$43.64...

January 30, 2026

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Max Healthcare Signs 4 MW Solar Power Purchase Agreement with Sunsure

Delhi-based hospital chain Max Healthcare has signed a long-term power purchase agreement (PPA) with renewable energy solutions provider Sunsure Energy to procure 4 MW of power from the latter’s 15 MW solar project in Chitrakoot, Uttar Pradesh. The...

January 30, 2026

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Stäubli Invests $10 Million to Scale Solar Connector Production in Bengaluru

Stäubli, an industrial and mechatronics solutions provider, has announced a $10 million expansion of its manufacturing facility in Bengaluru, Karnataka. The expanded facility will house assembly lines for manufacturing connectors that link solar...

January 30, 2026

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Rajasthan Regulator Proposes Demand Flexibility/Management Regulations

The Rajasthan Electricity Regulatory Commission (RERC) has issued the draft Rajasthan Electricity Regulatory Commission (Demand Flexibility/Demand Side Management) Regulations, 2026, proposing a comprehensive regulatory framework to integrate...

January 30, 2026

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