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NTPC REL Announces Winner of 250 MW Solar Plus 200 MWh Storage Auction

NTPC Renewable Energy (NTPC REL) has announced the winner of its auction for the engineering, procurement, and construction (EPC) of a 250 MW solar project with a 50 MW/200 MWh battery energy storage system (BESS) in Sitapur, Utta...

June 16, 2026

Mercom Research Focus

India Adds 4.6 GWh of Battery Energy Storage Capacity in Q1 2026

India added 4.6 GWh of battery energy storage capacity in the first quarter (Q1) of 2026, a 941% increase from 442.7 MWh added in Q4 2025, according to Mercom India Research’s Q1 2026 India’s Energy Storage Landscape Report. The c...

June 16, 2026

Mercom Research Focus

ALMM-II Mandate May Strain Cell Supply for Standalone Module Manufacturers

India’s solar manufacturing sector is bracing for short-term pressure in the cell supply chain, with the Ministry of New and Renewable Energy’s (MNRE) mandating that projects use solar cells from the Approved List of Models and Ma...

June 15, 2026

Mercom Research Focus

Solar Cell Manufacturing Skills Gap Holds Back India’s Manufacturing Ambitions

India’s solar manufacturing ecosystem remains heavily skewed toward modules. In 2025, nearly 119 GW of module manufacturing capacity was added, compared to just over 9 GW of solar cell manufacturing capacity, highlighting th...

June 16, 2026

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ACME Solar Commissions 120 MWh of Battery Storage Capacity in Rajasthan

Gurgaon-based independent power producer ACME Solar Holdings has commissioned an additional 33.331 MW/120.384 MWh of battery energy storage capacity in Badi Sid village, Rajasthan, through its wholly owned subsidiary, ACME Sun Power. ACME aims to...

June 16, 2026

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Solar Tracker Startup Vaja Raises $3.5 Million in Seed Funding

Sweden-based Vaja has raised €3.1 million (~$3.58 million) in seed funding to support the market entry and validation of its vertical single-axis solar tracking system. The Footprint Firm led the funding round, with participation from node.vc. The...

June 16, 2026

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Eiffel Investment Group to Acquire 50% Stake in Solar and Storage Portfolio

Eiffel Investment Group, an independent asset manager, through its infrastructure funds, has agreed to acquire a 50% interest in a Norwegian portfolio from Landinfra Energy, a Nordic renewable energy developer. The company focuses on large-scale...

June 16, 2026

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Gujarat Bats for Green Hydrogen, Battery Storage in New Industrial Policy

Unveiling the Viksit Gujarat Industrial Policy 2026, the Gujarat government has identified the manufacturing of renewable energy equipment, battery storage, green hydrogen, and nuclear power equipment as priority areas for industrial development....

June 16, 2026

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Navitas Solar to Invest ₹15 Billion in Solar Cell, Wafer Manufacturing in Gujarat

Surat-based solar module manufacturer Navitas Solar will invest approximately ₹15 billion (~$170 million) to establish a 3.6 GW solar cell manufacturing facility and a pilot wafer-ingot production line in Gujarat. The expansion aims to increase...

June 16, 2026

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SolarSquare Raises $53 Million in Series C Funding Round

Mumbai-based residential rooftop solar company, SolarSquare, has raised $53 million (~₹5.02 billion) in a Series C funding round led by B Capital, with participation from existing investors Lightspeed, Elevation Capital, Lowercarbon, Rainmatter by...

June 16, 2026

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PFC Consulting Awards Transmission Project to Evacuate 3 GW of Renewables

PFC Consulting has announced the winner of the auction to set up an interstate transmission system (ISTS) to evacuate 3 GW of renewable energy from the Kurnool IV Renewable Energy Zone Phase II in Andhra Pradesh. Resonia has emerged as the...

June 16, 2026

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PFC Names Winner of 3 GW Transmission Project in Andhra Pradesh

PFC Consulting has announced the winner of its auction to establish an interstate transmission system (ISTS) to evacuate renewable energy for 3 GW of green hydrogen/ammonia projects in Kakinada, Andhra Pradesh. Power Grid Corporation of India...

June 16, 2026

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RECPDCL Announces Winner of 400/132 kV Substation Auction

REC Power Development and Consultancy (RECPDCL) has announced the winner of its auction to set up a 400/132 kV air-insulated substation (AIS) in Jalna district, Maharashtra, on a build-own-operate-and-transfer basis. Maharashtra State Electricity...

June 16, 2026

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