Mercom Research Focus
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Aggressive Bidding Puts India’s Energy Storage Push at Crossroads

Aggressive bidding is rapidly becoming the defining feature of India’s energy storage tender landscape, raising concerns among stakeholders. As competition intensifies and tender volumes rise, discovered tariffs for battery energy...

February 4, 2026

Mercom Research Focus

Energy Storage Sees Increased VC Investment Momentum in 2025

Venture capital investment in energy storage gained momentum in 2025, rising 30% year over year to $4.8 billion across 75 deals, even as total corporate funding for the sector declined 19% to $16.2 billion, according to Mercom Cap...

February 3, 2026

Markets & Policy

Solar Module Export Hopes Rekindle on US-India Trade Agreement

The announcement of the U.S.-India trade deal, under which Indian exports will attract a 18% tariff instead of 25%, is expected to bring relief to Indian solar exporters. U.S. President Donald Trump announced on social media that ...

February 3, 2026

Mercom Research Focus

Underbidding in Battery Energy Storage Auctions Raises Questions Over Project Viability

In recent standalone battery energy storage system (BESS) auctions, several companies have won projects at tariffs below the levelized cost of storage (LCOS), signaling an increasingly aggressive bidding environment. At such low t...

January 30, 2026

Latest News

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Europe’s Power Market Reprices as Renewables Reshape Value: Pexapark

Europe’s power system has entered a phase dominated by renewables, fundamentally changing price formation, risk allocation, and revenue stability. In 2025, renewables accounted for 47.8% of total EU electricity generation, with solar output...

February 4, 2026

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Project Finance Brief: Voltwise Power Closes $211 Million in Acquisition Financing

From: Mercom Capital Group Voltwise Power, a utility-scale battery storage project developer, closed the syndication of a £153.9 million (~$211 million) acquisition financing supporting the purchase of a 460 MW diversified battery energy storage...

February 4, 2026

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CEA Reviews Grid-Forming Inverter Capacity as Renewables Expand

The Central Electricity Authority (CEA) has begun assessing the manufacturing capacity of grid-forming inverters (GFM) in India, in light of the increasing share of solar and wind energy in the country’s power mix. In a letter to GFM manufacturers,...

February 4, 2026

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Funding and M&A Roundup: Jupiter Secures $500 Million Credit Facility

From: Mercom Capital Group Jupiter Power, a utility-scale energy storage project developer and operator, has secured a $500 million senior-secured green revolving loan and letter of credit facility. Barclays Bank, HSBC Bank USA, ING Capital,...

February 4, 2026

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Ladakh Invites Bids for 1-3 kW Rooftop Solar Systems in 7,000 Households

The Ladakh Power Development Department (LPDD) has invited bids to set up rooftop solar systems of 1–3 kW for up to 7,000 residential consumers under the PM Surya Ghar: Muft Bijli Yojana, through the utility-led aggregation–renewable service company...

February 4, 2026

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Delhi Development Authority Invites Bids for 2.2 MW Solar Carport Project

The Delhi Development Authority (DDA) has invited bids for the design, supply, erection, testing, and commissioning of a net-metered ground-mounted solar carport project of 2.2 MW at DDA Baansera Park, New Delhi. The project will be developed under...

February 3, 2026

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Tata Power Renewables Commissions 198 MW Captive Wind Project in Tamil Nadu

Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, has commissioned a 198 MW wind energy project under a group captive model in Karur, Tamil Nadu. The facility comprises 55 wind turbines of 3.6-MW each and is expected to produce...

February 3, 2026

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Chhattisgarh Flags DSM Charges Misapplication for Open Access Consumers

The Chhattisgarh State Electricity Regulatory Commission (CSERC) has issued clarifications on the applicability of wheeling and Deviation Settlement Mechanism (DSM) charges for intrastate open access consumers, proposing a one-time settlement...

February 3, 2026

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Punjab Proposes Stricter Banking Rules for Captive Renewable Energy Projects

The Punjab State Electricity Regulatory Commission (PSERC) has proposed amendments to the Punjab State Electricity Regulatory Commission (Harnessing of Captive Power Generation) Regulations, 2022, with a specific focus on the banking of energy by...

February 3, 2026

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