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Big Push for Solar, EVs, Critical Minerals and Strategic Manufacturing in Budget 2026

The Union Budget 2026–27 has placed clean energy and manufacturing at the center of India’s growth strategy, unveiling targeted outlays, customs duty rationalization, and policy reforms to accelerate renewables, electric vehicles ...

February 1, 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

Energy Storage

CEA Highlights Pumped Storage as Base Load to Address Peak Power Demand

India’s total installed pumped storage project (PSP) capacity is expected to reach approximately 87 GW by 2033-34, according to the Central Electricity Authority’s (CEA) Roadmap to 100 GW of Hydro Pumped Storage Projects by 2035-3...

January 29, 2026

Energy Storage

Dispatchable Power Key to Support Industrialization: Economic Survey

India must approach the coming decade not as a climate policy problem in isolation, but as a broader energy system strategy that sequences the transition in line with growth, security, and institutional preparedness, according to ...

January 29, 2026

Latest News

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High Electricity Trading Volumes Increase IEX’s Revenue by 14% in Q3 FY 2026

The Indian Energy Exchange (IEX) recorded a consolidated revenue of ₹1.83 billion (~$19.97 million), a 14% year-over-year (YoY) increase from ₹1.61 billion (~$17.50 million), in the third quarter of the financial year (FY) 2026. The company...

February 2, 2026

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MENA Weekly Roundup: Nextpower Arabia to Supply 2.25 GWp Trackers to L&T

Nextpower Arabia, the newly formed joint venture between Nextpower and Abunayyan Holding, announced it will supply 2.25 GWp of advanced solar tracking systems to Larsen & Toubro (L&T) for the Bisha Solar project. This project was procured by...

February 2, 2026

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EPI Invites Expressions of Interest for EPC of 250 MW Solar Project

Engineering Projects India (EPI) has issued an expression of interest (EoI) for the engineering, procurement, and construction (EPC) of a 250 MW grid-connected solar project in Rajasthan. The project is proposed to be developed near the 220 kV...

February 2, 2026

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KPI Green, NTPC Renewable Energy Commission Solar Capacities at Khavda

Surat-based renewable solutions provider, KPI Green Energy, has commenced power generation and supply from its 200 MW grid-connected solar power project at the 1.8 GW Gujarat State Electricity Corporation’s (GSECL) Solar Park (South Block) in Khavda....

February 2, 2026

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Led by Solar, Renewables Overtake Thermal in India’s Power Mix

Solar power accounted for 26.5% of India’s total installed power capacity and 52.7% of the total installed renewable energy capacity as of December 2025. Solar installations rose 8.8% quarter-over-quarter (QoQ) and 39.6% year-over-year (YoY)....

February 2, 2026

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Strong 9M Performance Drives REC’s Revenue Up 10%

Public infrastructure finance company REC’s revenue from operations increased by 10% to ₹446.41 billion (~$4.87 billion) against ₹407.52 billion (~$4.45 billion) in the first nine months (9M) of the financial year (FY) 2025-26. For the period ended...

February 2, 2026

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WTO Backs China, Directs US to Roll Back Clean Energy Subsidies

The World Trade Organization (WTO) has held that the clean energy subsidies introduced by the U.S. under the Inflation Reduction Act (IRA) are inconsistent with its agreements and has called for their rollback by October 1, 2026. In a ruling on a...

February 2, 2026

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Healthy Operational Efficiency Pushes Websol’s Revenue Up 77.2% in Q3 FY 2026

Solar cell and module manufacturer Websol Energy System’s revenue increased 77.2% year-over-year (YoY) to ₹2.61 billion (~$28.51 million) from ₹1.47 billion (~$16.05 million) in the third quarter (Q3) of the financial year (FY) 2026. Earnings before...

February 2, 2026

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In Temporary Cheer for Solar Sector, Silver Prices Crash After Months-long Rally

Global silver prices crashed at the end of last week, ending a sustained six-month rally driven by demand, safe-haven buying, and inventory dips in China. In one of the worst single-day falls in history, spot silver prices plunged by up to 37%...

February 2, 2026

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Tesla’s Q4 2025 Revenue Falls 3% While Energy Generation and Storage Revenue Rises 25%

Electric vehicle-maker Tesla reported a revenue of $24.9 billion, down 3% year-over-year (YoY) in the fourth quarter (Q4) of 2025, compared to 25.7 billion. The decline was driven primarily by lower vehicle deliveries, partly offset by growth in...

February 2, 2026

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