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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

Finance and M&A

RBI Rate Hike May Increase Renewable Energy Financing Costs

The Reserve Bank of India’s (RBI) decision to raise the repo rate by 25 basis points has raised concerns among renewable energy developers over higher financing costs and their potential impact on project economics. The RBI raised...

October 7, 2026

C&I

Lucknow’s Rooftop Solar, Data Center Growth Could Drive C&I Clean Energy

Lucknow is emerging as a commercial and industrial (C&I) clean energy market, supported by rooftop solar adoption, planned Solar City development, and rising electricity demand from commercial facilities and data centers. As o...

October 8, 2026

Latest News

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SECI Invites Bids to Set Up Wind Projects Across India

The Solar Energy Corporation of India (SECI) has floated a tender to set up interstate transmission system (ISTS)-connected wind projects nationwide. The aggregate capacity of projects is 1,200 MW. Bids must be submitted by October 29, 2026. Bids...

October 8, 2026

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Daily News Wrap-Up: C&I Units to Drive 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 phase of solar growth...

October 8, 2026

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SECI Invites Bids for Peak Power Supply from ISTS-Connected Renewable Projects

The Solar Energy Corporation of India (SECI) has invited bids to select developers for assured peak supply of 4,800 MWh (1,200 MW x 4 Hrs.) from interstate transmission system (ISTS)-connected renewable energy projects in India (SECI-FDRE-X). The...

October 8, 2026

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MENA Weekly Round-Up: UAE Targets 18 GW Renewable Energy Projects by 2030

The UAE is developing 17,980 MW of renewable energy capacity across 14 projects scheduled to come online by 2030, according to EICDataStream. The country also has 12,947 MW of conventional power capacity under development across nine projects....

October 7, 2026

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Terra Clean Floats Land Aggregation Tender for Solar Project in Gujarat

Terra Clean (TeCL), a wholly owned subsidiary of Indian Oil Corporation (IndianOil), has invited bids to aggregate land for a solar project in Gujarat. The project entails land aggregation for a 300 MW interstate transmission system...

October 7, 2026

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MERC Lets Parties Decide Commissioning Date for 730 MW Solar Projects

The Maharashtra Electricity Regulatory Commission (MERC), in a recent judgment, left it to the solar developer and the Maharashtra State Electricity Distribution Company (MSEDCL) to decide on the extensions to the Scheduled Commencement of Supply...

October 7, 2026

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GERC Upholds 15% Supervision Charges on 1 MW Solar Project

The Gujarat Electricity Regulatory Commission (GERC) has dismissed a petition challenging the levy of 15% supervision charges and a ₹100,000 (~$1,033) connectivity fee on a 1 MW solar project developed under the state’s Small Scale Distributed Solar...

October 7, 2026

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EV Charging Software Company Ionage Raises $1.3 Million

Ionage, an artificial intelligence-based charging and energy management platform for electric vehicles (EVs), has raised $1.3 million in pre-series A funding. The funding round was led by strategic investors and a consortium of CXOs from energy and...

October 7, 2026

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