Mercom Research Focus
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China Export Rebate Cuts May Raise India Solar, BESS Prices

China’s recent decision to cancel value-added tax (VAT) rebates on exports of solar and related products from April 1, 2026, is likely to increase project costs for India’s solar and battery energy storage system (BESS) developers...

February 16, 2026

Energy Storage

Hardi Hydro Energy Wins SJVN’s 250 MW/500 MWh Standalone BESS Auction

Madhya Pradesh-based Hardi Hydro Energy has won SJVN’s auction to set up 250 MW/500 MWh of standalone battery energy storage (BESS) systems at the 1,360 MW Panipat thermal power station in Haryana. Hardi Hydro Energy won the entir...

February 13, 2026

Markets & Policy

Delhi Launches Six-Month Pilot on Peer-to-Peer Solar Trading

As part of a larger bid to decentralize the energy marketplace, the Delhi Electricity Regulatory Commission (DERC) has given the nod for a mechanism for interstate and intrastate peer-to-peer (P2P) solar energy trading on a six-mo...

February 13, 2026

Markets & Policy

US to Retain Antidumping Duties on Polysilicon Imports from China, Taiwan

The U.S. Department of Commerce has concluded that revoking the prevailing antidumping duty (AD) and countervailing duty (CVD) on crystalline silicon photovoltaic product imports from China and Taiwan will lead to a recurrence of ...

February 13, 2026

Latest News

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Vayona to Supply 65 MW of Wind Turbines to Oyster Renewable

Wind turbine manufacturer Vayona Energy has signed an agreement with independent power producer Oyster Renewable Energy to supply 64.8 MW of its 18 SG 3.6-145 wind turbines for a project in Kadapa, Andhra Pradesh. Vayona will also provide long-term...

February 16, 2026

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APTEL Dismisses IEX’s Appeal Against CERC’s Market Coupling Directions

The Appellate Tribunal for Electricity (APTEL) has dismissed an appeal filed by the Indian Energy Exchange (IEX) against the Central Electricity Regulatory Commission’s (CERC) initiation of the process for market coupling in the Day Ahead Market...

February 16, 2026

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NTPC-Indian Oil JV Tenders 215 MW Wind Project in Andhra Pradesh

NTPC Green Energy (NGEL) has invited bids to develop a 215 MW wind project for IndianOil NTPC Green Energy (INGEL), a 50:50 joint venture between NGEL and the Indian Oil Corporation, at the Anantapur-II interstate transmission system (ISTS)...

February 16, 2026

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Goa Floats Tender for 300 MW Solar with 900 MWh Storage Projects

Goa Energy Development Agency (GEDA) has invited bids to set up 300 MW of solar projects integrated with a 150 MW/900 MWh battery energy storage system (BESS). Bids must be submitted by March 6, 2026. Bids will be opened on March 9. Bidders must...

February 16, 2026

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NTPC Invites Bids for 12,000 MWh/Day Non-Solar Hour Power Procurement

NTPC Vidyut Vyapar Nigam (NVVN), a wholly owned subsidiary of NTPC, has invited bids to procure 12,000 MWh/day of power from generators or energy storage providers during the upcoming high-demand period. The contract period will be from April 1,...

February 16, 2026

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Germany Awards 2.3 GW Solar Projects in Latest Auction

Germany’s Federal Agency (Bundesnetzagentur) has awarded 2,341 MW of solar projects in its latest 2,328 MW auction. These projects comprise ground-mounted solar projects and solar projects built on structures that are neither buildings nor noise...

February 16, 2026

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REC Silicon Narrows Net Loss by 94% in Q4 2025 Despite Revenue Decline

Norway-based silicon materials manufacturer REC Silicon reported a net loss of $17.3 million in the fourth quarter (Q4) of 2025, narrowing 94.48% year-over-year (YoY) from a net loss of $313.5 million. Revenue declined 32.32% YoY to $20.1 million...

February 16, 2026

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Daily News Wrap-Up: Hardi Hydro Wins 250 MW/500 MWh BESS Auction

Madhya Pradesh-based Hardi Hydro Energy won SJVN’s auction to set up 250 MW/500 MWh of standalone battery energy storage (BESS) systems at the 1,360 MW Panipat thermal power station in Haryana. Hardi Hydro Energy won the entire tendered capacity by...

February 16, 2026

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US Tightens Tax Credit Rules to Curb China’s Clean Energy Role

In a move to curb Chinese influence on the clean energy supply chain, the U.S. Department of the Treasury has issued interim guidance to enforce provisions under Section 45X of the Internal Revenue Code that restrict companies from claiming federal...

February 14, 2026

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