Mercom Research Focus
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Top Five States for Solar Open Access Installations in 2025

India added 7.8 GW of solar open access capacity in 2025, the highest addition recorded in any calendar year, according to the Q4 and Annual 2025 Mercom India Solar Open Access Market report. Solar open access installations remain...

March 3, 2026

Grid

Karnataka Revises Power Tariffs After Allowing DISCOMs’ Review Petition

The Karnataka Electricity Regulatory Commission (KERC) has allowed a review petition filed by the state’s electricity distribution companies (DISCOMs) and revised tariffs for agricultural, commercial, and industrial consumer categ...

March 5, 2026

Mercom Research Focus

Indian Solar Manufacturers Say Domestic Demand Offsets Impact of U.S. Duties

The recent imposition of steep countervailing duties by the U.S. on Indian solar imports is not causing much concern among solar manufacturers, given lower export volumes and their focus on the domestic market. The U.S. Department...

March 3, 2026

Tenders & Auctions

KPI Green, Urdhvaga, Adyant Enersol, Lambent Win SJVN’s 600 MW Wind Auction

KPI Green Energy, Urdhvaga Renewables India Project (UPC Renewables), Adyant Enersol (Datta Infra), and Lambent Energy (Eight) have won SJVN’s auction to set up 600 MW interstate transmission system (ISTS)-connected wind projects....

March 2, 2026

Latest News

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Maharashtra Proposes ₹2.82/kWh Tariff for Surplus Rooftop Solar Power

The Maharashtra Electricity Regulatory Commission (MERC) has issued a draft order proposing a generic tariff of ₹2.82 (~$0.031)/kWh for surplus electricity exported from rooftop solar systems under net-metering and net-billing arrangements for the...

March 6, 2026

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Kedarnath Multigrains Cuts Power Bills With 659 kW Rooftop Solar System

Solar adoption across India’s commercial and industrial (C&I) segment is growing steadily, with businesses realizing the benefits of reduced power bills and sustainability in their operations. Grain processing companies with high daytime...

March 6, 2026

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IL&FS Mutual Fund Commits ₹1.25 Billion Investment in Hero Solar Energy

Infrastructure debt fund IL&FS Mutual Fund has committed an investment of ₹1.25 billion (~$13.63 million) in Hero Solar Energy, part of renewable energy developer Hero Future Energies, to refinance its debt and support the expansion of its...

March 6, 2026

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POWERGRID Seeks Partner for PSPCL’s 500 MWh Battery Storage Tender

Power Grid Corporation of India (POWERGRID) has invited bids to select a consortium partner to set up a 50 MW/100 MWh standalone battery storage project in Bhatinda, Punjab. The last date to submit bids is March 18, 2026. This tender is for a...

March 6, 2026

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POWERGRID Invites Bids for 50 MW/100 MWh Battery Storage Project in Punjab

Power Grid Corporation of India (POWERGRID) has invited bids to set up a 50 MW/100 MWh battery energy storage system (BESS) project in Patiala, Punjab. The project forms part of a larger program to develop 500 MW/1,000 MWh of standalone battery...

March 6, 2026

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Bank of Baroda Raises ₹100 Billion Through Green Infrastructure Bonds

Bank of Baroda has raised ₹100 billion (~$1.1 billion) through green infrastructure bonds to support long-term funding for renewable energy and sustainable infrastructure projects. The Series I Long-Term Green Infrastructure Bonds received total...

March 6, 2026

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Himachal Proposes EV Charging Points, Energy Efficiency Norms for Buildings

The Himachal Pradesh government has proposed amending the Town and Country Planning Rules, 2014, to facilitate the provision of electric vehicle (EV) charging points in commercial, public, semi-public buildings, and real estate projects. The draft...

March 6, 2026

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Daily News Wrap-Up: Karnataka Revises Power Tariffs

The Karnataka Electricity Regulatory Commission allowed a review petition filed by the state’s electricity distribution companies (DISCOMs) and revised tariffs for agricultural, commercial, and industrial consumer categories for the financial year...

March 6, 2026

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ChargePoint’s Revenue Up 7% YoY in Q4 FY 2026, Net Loss Down 48%

U.S.-based electric-vehicle charging solutions company ChargePoint reported revenue of $109.3 million in the fourth quarter (Q4) of fiscal year (FY) 2026, a 7% year-over-year (YoY) increase from $101.9 million. The revenue exceeded analysts’...

March 6, 2026

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Karnataka Notifies Power Cross-Subsidy Reduction Regulations 2026

The Karnataka Electricity Regulatory Commission (KERC) has notified the Karnataka Electricity Regulatory Commission (Roadmap for Reducing Cross-Subsidy and Cross-Subsidy Surcharge) Regulations, 2026. The framework establishes a roadmap to reduce...

March 6, 2026

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