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PSPCL Announces Winners of 1 GWh Battery Energy Storage Auction

The Punjab State Power Corporation (PSPCL) has announced the winners of the 500 MW/1,000 MWh standalone battery energy storage systems (BESS) auction. Stockwell Solar won 150 MW/300 MWh at a tariff of ₹335,000 (~$3,499.43)/MW/mont...

May 15, 2026

Solar

SECI Announces Winner of 10 MW Solar Auction

The Solar Energy Corporation of India (SECI) has announced the winner of its auction to set up a 10 MW grid-connected solar project in Odisha. BNC Power Projects won the auction, quoting a tariff of ₹2.60 (~$0.0271)/kWh. The tende...

May 15, 2026

Other

India Adds Record 15.3 GW of Solar Capacity in Q1 2026

India installed 15.3 GW of solar capacity in Q1 2026, its highest-ever quarterly total, according to Mercom India’s Q1 2026 India Solar Market Update Report. Additions rose more than 143% year-over-year (YoY) from 6.3 GW in Q1 202...

May 14, 2026

Mercom Research Focus

India Adds 1.6 GW of Wind Capacity in Q1 2026

India added nearly 1.6 GW of wind power capacity in the first quarter (Q1) of the calendar year (CY) 2026, up 14% quarter-over-quarter (QoQ) from 1.3 GW. The capacity additions fell 16% year-over-year (YoY) from 1.8 GW, according ...

May 15, 2026

Latest News

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Daily News Wrap-Up: India Adds 15.3 GW of Solar Capacity in Q1 2026

India installed 15.3 GW of solar capacity in the first quarter (Q1) of 2026, its highest-ever quarterly total, according to Mercom India’s Q1 2026 India Solar Market Update Report. Additions rose more than 143% year-over-year (YoY) from 6.3 GW in Q1...

May 15, 2026

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Andhra Pradesh Invites Bids for 93 MW Rooftop Solar Projects

The Southern Power Distribution Company of Andhra Pradesh (APSPDCL) has invited bids to set up 93.2 MW of grid-connected rooftop solar projects through the utility-led aggregation capital expenditure (CAPEX) model under PM Surya Ghar: Muft Bijli...

May 14, 2026

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Stafford Capital Partners Secures $105 Million Refinancing for Solar Portfolio

Stafford Capital Partners, an international private markets investment and advisory firm, secured an €89.4 million (~$105 million) refinancing facility for its STAR I solar portfolio in Italy. BPER Corporate & Investment Banking provided the...

May 14, 2026

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J&V Energy to Acquire 187 MW Operational Solar Portfolio from GIP

J&V Energy Technology, a renewable energy project developer, has agreed to acquire a 187 MW portfolio of operational solar projects in Taiwan from a fund managed by Global Infrastructure Partners (GIP). The portfolio comprises 42 operational...

May 14, 2026

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MN8 Energy Expands Corporate Credit Facility to $650 Million

MN8 Energy, a U.S.-based renewable independent power producer, has closed an upsizing and extension of its corporate credit facility to $650 million from $350 million. The maturity of the facility has been extended from the first quarter of 2028 to...

May 14, 2026

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Tamil Nadu Regulator Approves Tariff for 500 MW Pumped Storage Project

The Tamil Nadu Electricity Regulatory Commission (TNERC) has adopted the tariff discovered for Tamil Nadu Power Distribution Corporation’s (TNPDCL) procurement of 500 MW of pumped storage capacity. The approved procurement is for 500 MW from an...

May 14, 2026

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BHEL Floats Tender for 1.5 MW Rooftop Solar Project in Bhopal

Bharat Heavy Electricals (BHEL) has invited bids to set up a 1,500 kW grid-connected rooftop solar project at its facility in Piplani, Bhopal. The project will connect to the internal 415 V system at the factory, including the 415 V switchgear of...

May 14, 2026

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