Mercom Research Focus
thumbnail
Battery Storage, Hybrid Projects Dominate Renewable Auctions in Q3 2026

Government agencies issued tenders for 21 GW of renewable energy capacity and auctioned 12 GW across energy storage, hybrid, large-scale solar, wind, manufacturing, green hydrogen, and rooftop solar projects in the third quarter (...

November 5, 2026

Featured

India’s Renewable Energy Growth Faces a Deepening Land Acquisition Crisis

India’s renewable energy developers face mounting difficulties securing project-ready land, with acquisition and conversion timelines stretching up to 24 months in some states. These delays are increasing project costs and c...

November 3, 2026

Mercom Research Focus

Higher Surcharge Could Erode Savings for Telangana’s Open Access Consumers

The Telangana Electricity Regulatory Commission (TGERC) has increased the additional surcharge on eligible open access consumers from ₹0.13 (~$0.00137)/kWh to ₹0.82 (~$0.00865)/kWh, raising concerns over the cost competitiveness o...

November 5, 2026

Energy Storage

Cabinet Approves ₹145 Billion Viability Gap Funding for 92 GWh Energy Storage

The Union Cabinet has approved a ₹145 billion (~$1.53 billion) viability gap funding (VGF) program to support the development of 92 GWh of grid-scale energy storage capacity across India between the financial years (FY) 2027 and 2...

November 4, 2026

Latest News

thumbnail
Websol Posts 115% Jump in Q2 Revenue, Announces Foray into EPC Business

Solar cell and module manufacturer Websol Energy System reported a revenue from operations of ₹3.61 billion (~$38.16 million) in the second quarter (Q2) of the financial year (FY) 2027, up 114.6% year-over-year (YoY) from ₹1.68 billion (~$17.76...

November 5, 2026

thumbnail
SOLV Energy Acquires Texas Battery Storage Contractor ASB Energy Services

SOLV Energy, a company that provides construction, operation, and maintenance services for large-scale solar and battery storage projects, has acquired Texas-based ASB Energy Services, a contractor specializing in substation foundations, civil...

November 5, 2026

thumbnail
NHPC Invites Bids for Battery Storage Projects in Uttar Pradesh

NHPC has invited bids to set up battery energy storage systems and supply solar-plus-battery storage power at the Jalaun Solar Park in Uttar Pradesh. Developed by Bundelkhand Saur Urja (BSUL), the Jalaun Solar Park has a total capacity of 1,200 MW....

November 5, 2026

thumbnail
Green Genius Raises $72.5 Million Through Green Bond Issue

Renewable energy project developer Green Genius has completed a €65 million (~$72.5 million) green bond issue to refinance existing subordinated construction loans. The bonds have a four-year maturity and carry a floating interest rate based on the...

November 5, 2026

thumbnail
ARRAY Technologies, Shoals Technologies Agree to Stock-for-Stock Merger

ARRAY Technologies, a provider of solar tracking technology and fixed-tilt products and foundation solutions, and Shoals Technologies Group, a provider of electrical balance-of-system solutions for utility-scale solar and battery storage, have...

November 5, 2026

thumbnail
Premier Energies’ Q2 Revenue Surges 43% Amid Capacity Expansion

Solar cell and module manufacturer Premier Energies reported a revenue of ₹26.32 billion (~$278.25 million) in the second quarter (Q2) of the financial year (FY) 2027, a 43.3% year-over-year (YoY) increase from ₹18.37 billion (~$194.21 million). The...

November 5, 2026

thumbnail
Daily News Wrap-Up: India’s Q3 Solar Generation Rises Nearly 49%

India generated approximately 56.9 billion units of solar electricity in the third quarter (Q3) of 2026, up 48.6% year-over-year (YoY) from 38.3 billion units (BU), according to Central Electricity Authority data. However, generation declined 9.4%...

November 5, 2026

thumbnail
Energy Management Software Can Improve Battery Storage Economics: Interview

India’s growing renewable energy capacity is creating opportunities for battery energy storage systems (BESS), particularly as developers and consumers seek to manage intermittent generation, reduce electricity costs, and meet peak-hour demand....

November 5, 2026

thumbnail
Flux Power’s Q1 Revenue Drops 49% on Higher Interest Rates and Fuel Prices

Lithium-ion energy storage solutions provider Flux Power reported revenue of $6.76 million in the first quarter (Q1) of fiscal year (FY) 2027, down 48.7% year-over-year (YoY) from $13.18 million. The revenue, however, beat analysts’ expectations by...

November 5, 2026

MORE NEWS