Mercom Research Focus
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India Adds 7.8 GW of Solar Open Access Capacity in 2025

India added 7.8 GW of solar open access capacity in 2025, a largely flat 0.5% year-over-year (YoY) growth from 7.7 GW, according to Mercom’s Q4 & Annual 2025 India Solar Open Access Market Report. India’s cumulative installed ...

February 19, 2026

Mercom Research Focus

Data Shows Policy Clarity Plays Critical Role in Industrial Power Demand Expansion

India’s top states fostering open access power have emerged as the core engines of industrial electricity demand growth, driven by manufacturing clusters, rising captive generation, and accelerating adoption of renewable energy. D...

February 19, 2026

Mercom Research Focus

Developers Seek ALMM List-II Extension, Solar Manufacturers Push Back

With the June 1, 2026, deadline for mandatory sourcing of solar cells from the Approved List of Models and Manufacturers (ALMM) List-II fast approaching, solar developers are urging the Ministry of New & Renewable Energy (MNRE...

February 17, 2026

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Strong Domestic Policy Support, Scale May Moderate India Battery Storage Prices: Interview

Backed by a robust viability gap funding (VGF) program and declining prices, India is witnessing significant growth in the deployment of battery energy storage systems (BESS). Under the new roadmap for renewables, the focus is not...

February 20, 2026

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Pluto Mobility Raises $2 Million in Seed Funding led by Version One

Delhi-based electric mobility startup, Pluto Mobility, has raised $2 million in seed funding to develop its electric vehicle (EV) platform for last-mile delivery. The funding round was led by Version One Ventures, with participation from gradCapital...

February 20, 2026

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Statiq Raises $18 Million to Expand EV Charging Network

Gurugram-based electric vehicle (EV) charging network operator Statiq has raised about ₹18 million through a mix of debt and equity. The funding round was led by Tenacity Ventures, with participation from Y Combinator, Shell Ventures, and RCD...

February 20, 2026

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NTPC Renewable Energy Commissions 165 MW at Khavda-II Solar Project

NTPC Renewable Energy, a wholly owned subsidiary of NTPC Green Energy (NGEL), has commissioned 165 MW capacity at the 1,200 MW Khavda-II Solar Project in Gujarat. Recently, the company announced that the first 210 MW of the 1.2 GW Khavda-II Solar...

February 20, 2026

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NIT Calicut to Save on Energy Bills with 1.2 MW Rooftop Solar Project

Educational institutions are among the many organizations increasingly adopting solar energy to meet their electricity demands, reduce electricity bills, and leave a greener energy footprint. The National Institute of Technology (NIT) Calicut in...

February 20, 2026

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Vedanta Invites Bids for 25-40 MW Solar Projects at Thermal Plant in Chhattisgarh

Independent power producer Vedanta Power has invited expressions of interest from Indian and global engineering, procurement, and construction (EPC) contractors and renewable energy solutions providers to set up 25-40 MW solar projects at its 1,200...

February 20, 2026

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Supreme Court Raps Tamil Nadu Over Subsidized Electricity Promise

The Supreme Court has issued notices on a writ petition filed by the Tamil Nadu Power Distribution Corporation (TNPDCL) challenging Rule 23 of the Electricity (Amendment) Rules, 2024, which provides for cost-reflective electricity tariffs. Hearing...

February 20, 2026

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Goa Electricity Department Invites Bids for 5.1 MW Solar Project

The Electricity Department of Goa has invited bids for setting up a 5 MW ground-mounted solar power project and a 100 kW rooftop solar system at Goa Engineering College in Ponda. Bids must be submitted by March 10, 2026. Bids will be opened on March...

February 20, 2026

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Global Lithium-Ion Battery Market Surpassed $150 Billion in 2025: IEA

The global lithium-ion battery market exceeded $150 billion in 2025, up 20% from 2024, according to an International Energy Agency (IEA) report. The report noted that declining battery costs and the expansion of applications continue to drive rapid...

February 20, 2026

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APERC Issues Draft Amendments to Green Energy Open Access Rules

Andhra Pradesh Electricity Regulatory Commission (APERC) has issued the draft second amendment to the Andhra Pradesh Electricity Regulatory Commission (Green Energy Open Access, Charges, and Banking) Regulation, 2024 (Regulation No. 3 of 2024), to...

February 20, 2026

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