Mercom Research Focus
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India Posts Historic Solar Growth with 36.6 GW Installed in 2025

India recorded its highest-ever annual solar capacity addition in the calendar year 2025, installing 36.6 GW, a 43% increase over the 25.6 GW added in 2024, according to Mercom India’s newly released Q4 and Annual 2025 India...

February 12, 2026

Energy Storage

Advait Energy, Equentia, Sun Drops Win GUVNL’s 670 MWh BESS Auction

Advait Energy Transitions, Equentia Natural Resources DMCC, and Sun Drops Energia (KP Group) won Gujarat Urja Vikas Nigam’s (GUVNL) auction to set up 335 MW/670 MWh of standalone battery energy storage systems (BESS) in Gujarat (P...

February 12, 2026

Markets & Policy

US Reshoring Push May Limit Gains from Tariff Cut for Indian Solar Exporters

Indian solar module and cell exporters are upbeat after the U.S. slashed tariffs on Indian goods from an effective rate of 50% to 18%. They hope the lower tariff will make their products more competitive in the U.S. market. Indian...

February 11, 2026

Sponsored News

Solar Open Access Primary Growth Engine for C&I Units in India: Interview

India’s commercial and industrial (C&I) renewable energy market is undergoing a structural transition, with distributed solar growing beyond rooftop installations toward larger green open-access projects. Rising electricity co...

February 9, 2026

Latest News

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Amara Raja Energy to Set Up US Facility with $5 Million Investment

Battery manufacturer Amara Raja Energy and Mobility has announced plans to incorporate a wholly owned subsidiary in the U.S., to be named “ARE&M US Inc.” The entity is proposed to be incorporated in three to six months and will operate in the...

February 12, 2026

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Bihar Commission Approves DISCOM’s Plea to Procure 1.8 GWh Firm Power

The Bihar Electricity Regulatory Commission (BERC) has approved a tariff of ₹6.74 (~$0.074)/kWh for the Bihar State Power Holding Company (BSPHCL) to procure 450 MW/1,800 MWh of assured peak-hour power from SJVN’s 1,500 MW/6,000 MWh interstate...

February 12, 2026

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Strong Solar and Hydro Output Lifts SJVN’s Revenue by 61% in Q3 FY 2026

Government-owned power generation company SJVN’s revenue rose to ₹10.81 billion (~$119.22 million) in the third quarter (Q3) of the financial year (FY) 2026, a 61.3% year-over-year (YoY) increase from ₹6.71 billion (~$74.01 million). Revenue from...

February 12, 2026

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Hartek Secures ₹7.35 Billion Transmission Infrastructure Orders in 9 States

Hartek Group’s Power Systems business unit has secured cumulative substation and transmission infrastructure orders worth ₹7.35 billion (~$80.85 million) across the utility, independent power producer (IPP), and industrial segments. The projects are...

February 12, 2026

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IOC-GPS Renewables JV Invites Bids for Open Access Solar Supply

IOC-GPS Renewables, an Indian Oil Corporation (IOCL) and GPS Renewables joint venture, has invited bids to procure long-term open access solar power under the group captive model for its compressed biogas plants. The sites are located in Haryana (4),...

February 12, 2026

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Daily News Wrap-Up: Pace Digitek Wins KREDL’s Solar-BESS Project

Pace Digitek won Karnataka Renewable Energy Development’s (KREDL) auction to set up a 250 MW solar project with a 250 MW/1,100 MWh battery energy storage system (BESS) at Ryapte village in Tumkur district. Pace Digitek has won the project at a...

February 12, 2026

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Improved Renewables Business Performance Drives Torrent’s Revenue Up

Gujarat-based Torrent Power‘s revenue from operations increased 4% year-over-year (YoY) to ₹67.78 billion (~$747.72 million) in the third quarter (Q3) of the financial year (FY) 2026 from ₹64.99 billion (~$717 million). Profit after tax (PAT) came...

February 11, 2026

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POWERGRID Invites Bids to Select Partner for 500 MWh BESS Projects

Power Grid Corporation of India (POWERGRID) has floated tenders inviting bids to select a pre-bid tie-up partner to set up six standalone battery energy storage projects (BESS) with a cumulative capacity of 125 MW/500 MWh in Odisha. The last date to...

February 11, 2026

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