Mercom Research Focus
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VGF, LCOS, and the Changing Economics of Battery Storage in India

Bid prices in the battery energy storage system (BESS) market are declining sharply, driven by viability gap funding (VGF) support and intense competition. While VGF has reduced upfront project costs, it has also spurred aggressiv...

February 9, 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

Grid

Transmission Line Additions in 9M FY 2026 Meet Less Than Half the Target

India achieved 5,077 circuit kilometers (ckm) of power transmission lines between April and December in the financial year (FY) 2025–26, accounting for 47.5% of the cumulative target of 10,696 ckm set for the period, according to ...

February 9, 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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Project Finance Brief: Aypa Power Secures $1.5 Billion for Energy Storage Projects

From: Mercom Capital Group Aypa Power, a Blackstone portfolio company and utility-scale energy storage and hybrid renewable energy projects developer, closed a $1.5 billion construction warehouse revolving credit facility, with an additional $0.5...

February 11, 2026

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Funding and M&A Roundup: Lunar Energy Secures $232 Million

From: Mercom Capital Group Lunar Energy, a provider of integrated home battery systems and Virtual Power Plant (VPP) software, has raised $102 million in an oversubscribed Series D round led by B Capital and Prelude Ventures. This funding follows a...

February 11, 2026

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Military Engineer Services Floats O&M Tender for a 6 MW Solar Project in Meerut

Military Engineer Services (MES) has invited bids for comprehensive operations and maintenance of a 6 MW solar power project at Meerut cantonment in Uttar Pradesh. The work should be completed within 330 days from the date of handover of the site....

February 11, 2026

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SEPC Wins Smart Meter Order Worth ₹3 Billion for Punjab

Solar engineering, procurement, and construction (EPC) firm SEPC has received a letter of intent from Telecommunications Consultants India to implement a ₹3.14 billion (~$34.66 million) smart prepaid metering project for Punjab State Power...

February 10, 2026

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UK Secures Record 4.9 GW in Solar Auction from 157 Projects

The UK’s Department for Energy Security & Net Zero has completed its clean energy procurement through the Contracts for Difference (CfD) program’s Allocation Round 7 (AR7), securing a record 4.9 GW of solar capacity from 157 projects. The AR7...

February 10, 2026

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MAHAPREIT Invites Bids for 2 MW Rooftop Solar Projects in Maharashtra

Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) has invited bids to set up 2 MW rooftop solar projects under the renewable energy service company (RESCO) model at buildings of the Valsad District Cooperative Milk Producers’...

February 10, 2026

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Coal India to Set Up Joint Ventures for Renewable Energy Projects

Coal India has approved the incorporation of two joint venture companies to develop renewable energy projects across India. The first joint venture has been proposed with Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRVUNL) to develop solar projects...

February 10, 2026

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Rajasthan Invites Bids for Integrated Energy Portfolio Management Solution

Rajasthan Urja Vikas and IT Services (RUVITL) has invited bids to select an implementation agency to design, supply, develop, implement, and support an integrated energy portfolio management and power purchase cost optimization solution for the...

February 10, 2026

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CERC Adopts NHPC’s FDRE Tariffs but Cuts Greenshoe Capacity to 600 MW

The Central Electricity Regulatory Commission (CERC) has partly approved the adoption of tariffs discovered through a competitive bidding process for firm and dispatchable renewable energy (FDRE) procured by NHPC, while curtailing the allocation of...

February 10, 2026

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