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Shorter Battery Storage PPAs Gain Favor, but Bankability Remains Key

As India’s energy storage market matures, battery energy storage developers say power purchase agreement (PPA) tenures need greater flexibility than the customary 20-25-year contracts used for solar and wind projects. Contract dur...

October 6, 2026

Mercom Research Focus

Success of Green Energy Corridor III Hinges on Timely Project Execution

The Green Energy Corridor Phase III (GEC III) program has the potential to create new opportunities for transmission equipment suppliers, EPC firms, battery storage providers, and grid technology companies as India develops infras...

October 5, 2026

Featured

Battery Storage Emerges as Peak Demand Management Tool for Maharashtra Businesses

Proposed restrictions on using banked renewable energy across time-of-day periods are strengthening interest in battery energy storage systems (BESS) among commercial and industrial (C&I) consumers in Maharashtra, particularly...

October 1, 2026

Rooftop

C&I Units Will Drive Next Phase of Lucknow’s Rooftop Solar Growth

Lucknow, the capital of Uttar Pradesh, is a key business hub in the state, offering strong potential for clean energy market growth. With an established reputation as a leading city for residential rooftop solar, Lucknow’s next ph...

October 7, 2026

Latest News

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SECI Invites Bids for Rooftop Solar Projects in New Delhi

The Solar Energy Corporation of India (SECI) has invited bids to select developers to set up grid-connected rooftop solar power projects on New Delhi Municipal Council (NDMC) buildings under the Renewable Energy Service Company (RESCO) model (RTSPV...

October 7, 2026

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JSERC Allows Coal Miner to Connect 1.88 MW Rooftop Solar Project at 11 kV

The Jharkhand State Electricity Regulatory Commission (JSERC) has allowed a coal mining company to inject power from its 1.882 MW rooftop solar project at Belgaria Township Phase-I into the existing 11 kV network. It also permitted a net metering...

October 7, 2026

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Himachal Pradesh Tenders Power Supply Works for Green Hydrogen Project

The Himachal Pradesh State Electricity Board (HPSEBL) has invited bids to provide electrical infrastructure and power supply for a green hydrogen plant being developed by HPPCL-Oil at Village Nasrali, including strengthening the existing 33 kV green...

October 7, 2026

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Daily News Wrap-Up: Shorter Battery PPAs Gain Favor, Bankability Still Key

As India’s energy storage market matures, battery energy storage developers say power purchase agreement (PPA) tenures need greater flexibility than the customary 20-25-year contracts used for solar and wind projects. The Ministry of New and...

October 7, 2026

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Project Finance Brief: Rezolv Energy Secures $637 Million for Solar Project

From: Mercom Capital Group Rezolv Energy, an Actis-backed independent renewable energy producer, has signed a financing package of up to €561 million ($637 million) for its 1.3 GW Dama Solar project in western Romania. The financing will support the...

October 7, 2026

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Funding and M&A Roundup: MaxSolar Secures $176 Million from CIP

From: Mercom Capital Group MaxSolar, a German-based solar and storage project developer, has secured €155 million (~$176 million) in HoldCo debt financing from funds managed by Copenhagen Infrastructure Partners, a global fund manager and investor...

October 7, 2026

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Vishakha Renewables Files Draft Papers for ₹12.5 Billion IPO

Solar component manufacturer Vishakha Renewables has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares aggregating...

October 6, 2026

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Chhattisgarh Regulator Adopts Tariff for 500 MWh Battery Storage Project

The Chhattisgarh State Electricity Regulatory Commission (CSERC) adopted a tariff of ₹2.98 (~$0.031)/kWh, determined through competitive bidding, for a 125 MW/500 MWh standalone battery energy storage system (BESS). The Commission approved...

October 6, 2026

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MNRE Proposes Standard Nomenclature for Solar Cells Under ALMM List-II

The Ministry of New and Renewable Energy (MNRE) has revised its proposed standardized nomenclature for solar cells enlisted under the Approved List of Models and Manufacturers (ALMM) List-II. Stakeholders must share their comments by October 12,...

October 6, 2026

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