Mercom Research Focus
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India Added 341 MWh of Energy Storage Capacity in 2024

India installed over 341 MWh of battery energy storage systems (BESS) in 2024, marking an over sixfold increase from the 51 MWh installed in 2023, according to Mercom India Research’s newly released report India’s Energy Sto...

July 8, 2025

Energy Storage

Accelerating India’s Net Zero Strategy with Energy Storage and Green Hydrogen

Energy storage and green hydrogen are crucial for mitigating the intermittency of renewable energy sources, such as solar and wind, thereby enabling a continuous power supply and enhancing grid reliability. These issues will be di...

July 9, 2025

Finance and M&A

Emmvee Photovoltaic Files Draft Papers with SEBI for ₹30 Billion IPO

Joining a growing list of clean energy companies intending to raise funds from the stock market, Bengaluru-based solar cell and module manufacturer Emmvee Photovoltaic Power has filed a draft red herring prospectus (DRHP) with the...

July 7, 2025

Markets & Policy

MNRE Revises Central Financial Assistance Norms Under PM Surya Ghar Program

The Ministry of New and Renewable Energy (MNRE) has issued amendments to the guidelines for implementing the Central Financial Assistance (CFA) component under the PM Surya Ghar: Muft Bijli Yojana. Under the amendments, the state ...

July 8, 2025

Latest News

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Andhra Pradesh Tenders 1.2 GW Rooftop Solar Projects Under PM Surya Ghar

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has issued a request for selection to implement 1,198.21 MW of grid-connected rooftop solar projects for 599,105 scheduled caste and scheduled tribe consumers under the...

July 9, 2025

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Rajasthan Regulator Approves Tariffs for 229 MW Solar Projects under KUSUM

The Rajasthan Electricity Regulatory Commission (RERC) has approved the levelized tariffs determined through a competitive bidding process conducted by the Jaipur Vidyut Vitran Nigam (JVVNL) for 78 solar projects with a total capacity of 228.85 MW....

July 9, 2025

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WorldOne Energies to Set Up 1 GW Solar Module Facility in Canada

Nagpur-based WorldOne Energies has announced plans to establish a 1 GW solar module manufacturing facility in Ontario, Canada. The move is a part of the company’s strategy to meet growing international demand for solar modules and build cross-border...

July 9, 2025

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NTPC Green Issues O&M Tender for 160 MW Solar Project

NTPC Green Energy (NGEL) has invited bids for the operation and maintenance (O&M) of a 160 MW solar project at Jetstar, Rajasthan for two months. Bids must be submitted by July 9, 2025. Bids will be opened on the same day. Bidders must furnish a...

July 9, 2025

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Daily News Wrap-Up: India Grew Energy Storage Capacity by 341 MWh in 2024

India installed over 341 MWh of battery energy storage systems (BESS) in 2024, marking an over sixfold increase from the 51 MWh installed in 2023, according to Mercom India Research’s newly released report India’s Energy Storage Landscape. With...

July 9, 2025

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MCX to Start Electricity Futures Trading from July 10, 2025

The Multi Commodity Exchange of India (MCX), a commodity derivatives and options exchange, will launch electricity futures contracts from  July 10, 2025, enabling power producers, distributors, and large power consumers to manage risks associated...

July 9, 2025

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Funding and M&A Roundup: Opdenergy Secures $412 Million

From: Mercom Capital Group Opdenergy, an independent renewable energy producer, has secured a new corporate debt facility of €350 million (~$412 million) through senior bonds (2025 Bonds) from a group of institutional investors led by EIG and...

July 9, 2025

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Project Finance Brief: ContourGlobal Acquires 1.6 GW Battery Energy Storage Projects

From: Mercom Capital Group ContourGlobal, a renewable energy power generation and a subsidiary of KKR, announced the acquisition of battery energy storage projects totaling 1.6 GW with up to eight hours of storage duration, located in Italy. This...

July 9, 2025

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