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UPPCL Announces Winners of 1.5 GWh Battery Storage Auction

The Uttar Pradesh Power Corporation (UPPCL) has announced the winners of the 375 MW/1,500 MWh standalone battery energy storage auction. KCC Buildcon won 187.5 MW/750 MWh, and Agastya Green Energy won 62.5 MW/250 MWh at a tariff o...

May 6, 2026

Mercom Research Focus

Solar Inverter Suppliers Leading India’s Market in 2025

In 2025, inverter shipments to solar projects in India increased 40.8% compared to 2024, driven by record installations and a strong project pipeline targeted for commissioning in the first half of 2026, ahead of the phased reduct...

May 5, 2026

Grid

Solar Developers Reluctant to Exit 6 GW Bikaner V Transmission Project

Renewable energy developers have shown reluctance to move away from the proposed Bikaner V transmission system to evacuate 6 GW of solar power in Rajasthan, even after the project has been deemed infeasible. Developers granted in-...

May 5, 2026

Sponsored News

Hopewind’s Energy Storage PCS Meets India’s 51°C Heat Challenge

Renewable energy solutions company Hopewind is powering over 650 MW of utility-scale battery energy storage systems (BESS) across two major projects in Rajasthan, deploying more than 260 units of its 2.5 MW central power conversio...

May 7, 2026

Latest News

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Andhra Pradesh Approves ₹1.72 Trillion Investments in Renewables and Data Centers

The Andhra Pradesh government has approved investments totaling ₹1.72 trillion (~$18.21 billion) across three renewable and data center projects at the 17th State Investment Promotion Board (SIPB) meeting chaired by Chief Minister N. Chandrababu...

May 8, 2026

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Stem’s Q1 2026 Revenue Drops 11%, Misses Analyst Expectations

U.S.-based smart energy storage company Stem reported revenue of $29 million in the first quarter (Q1) of 2026, down 11% year-over-year (YoY) from $32.5 million and missing analyst expectations by $5.61 million. Software, services, and edge hardware...

May 8, 2026

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Foreign Market Disruptions Drive Scatec’s Q1 2026 Revenue Down 31% YoY

Norway-based renewable energy solutions provider Scatec reported revenue of NOK1.64 billion (~$177 million) in the first quarter (Q1) of 2026, down 31.3% year-over-year (YoY) from NOK2.39 billion (~$258 million). The company attributed the revenue...

May 7, 2026

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India, EU Invite Proposals for €15.2 Million EV Battery Recycling Initiative

The Government of India and the European Union have launched a joint funding initiative worth €15.2 million (₹1.69 billion) to support research and innovation in electric vehicle (EV) battery recycling under the India-EU Trade and Technology...

May 7, 2026

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CERC Proposes Exit, Auction of Stalled Renewable Projects with Grid Connectivity

The Central Electricity Regulatory Commission (CERC) has proposed a one-time framework to deal with renewable energy projects that secured transmission connectivity under the General Network Access (GNA) regulations on the basis of Letters of Award...

May 7, 2026

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CERC Proposes Shorter Gate Closure for Real-Time Market Power Trades

The Central Electricity Regulatory Commission (CERC) has proposed shortening the scheduling time in the real time market (RTM) in the power exchanges from 75 minutes to 50 minutes before delivery. Introduced in June 2020, the RTM operates with a...

May 7, 2026

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Nyobolt Raises $60 Million to Expand Fast-Charging Battery Technology

Nyobolt, a U.K.-based fast-charging Li-ion battery solutions developer, has raised $60 million in a Series C funding round, bringing the company’s valuation to $1 billion. The company plans to use the proceeds to expand its development pipeline and...

May 7, 2026

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South Central Railway Announces Winner of 1.4 MW Rooftop Solar Auction

The Vijayawada Division of the South Central Railway has announced the winner of the auction to install 46 rooftop solar systems with a total capacity of 1,415 kW. Servotech Renewable Power Systems won the auction to install the rooftop solar...

May 7, 2026

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Solar Module Capacity Under ALMM Rises to 193 GW

The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 20,044 MW of solar module capacity. The cumulative module manufacturing capacity under ALMM now stands at 193,143 MW....

May 7, 2026

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Gujarat Issues Guidelines to Streamline Renewable Energy Project Development

The Gujarat Energy Development Agency (GEDA) has issued the guidelines for the development of solar, wind, and wind-solar projects with or without battery storage systems, as well as standalone battery storage systems. The guidelines, which align...

May 7, 2026

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