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UPPCL Announces Winners of 1.5 GWh Battery Storage Auction

The Uttar Pradesh Power Corporation (UPPCL) has announced the winners of the 375 MW/1,500 MWh standalone battery energy storage auction. KCC Buildcon won 187.5 MW/750 MWh, and Agastya Green Energy won 62.5 MW/250 MWh at a tariff o...

May 6, 2026

Mercom Research Focus

Solar Inverter Suppliers Leading India’s Market in 2025

In 2025, inverter shipments to solar projects in India increased 40.8% compared to 2024, driven by record installations and a strong project pipeline targeted for commissioning in the first half of 2026, ahead of the phased reduct...

May 5, 2026

Grid

Solar Developers Reluctant to Exit 6 GW Bikaner V Transmission Project

Renewable energy developers have shown reluctance to move away from the proposed Bikaner V transmission system to evacuate 6 GW of solar power in Rajasthan, even after the project has been deemed infeasible. Developers granted in-...

May 5, 2026

C&I

Solar Plus Storage Push Reshapes C&I Renewable Energy Strategy

India’s commercial and industrial (C&I) energy procurement landscape has changed significantly. Rooftop solar, once seen as the ultimate solution, is now being positioned as the starting point of the C&I sector’s transitio...

May 6, 2026

Latest News

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FTC Solar Q1 Revenue Falls 17% YoY as Delayed Project Weighs on Results

U.S.-based solar tracker company FTC Solar reported revenue of $17.3 million in the first quarter of 2026, down 17% year-over-year from $20.8 million and missing analyst expectations by $7 million. The company’s adjusted EBITDA loss was $8.2 million...

May 7, 2026

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Shoals Technologies’ Q1 2026 Revenue Up 75% YoY, Exceeds Analysts’ Estimates

Shoals Technologies Group, a manufacturer of electrical infrastructure solutions for utility-scale solar, battery storage, and data center power systems, reported first quarter (Q1) 2026 revenue of $140.6 million, an increase of 74.9% year-over-year...

May 7, 2026

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Moment Energy Raises $40 Million in Series B Funding Round

Moment Energy, an electric vehicle battery repurposing company, has raised $40 million in its Series B funding round, bringing the total capital raised to more than $100 million. Evok Innovations led the funding round, with participation from...

May 6, 2026

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Indonesia Invites Bids for 1.2 GW Solar Projects

Indonesia’s government-owned corporation PT PLN has floated a tender to set up 1.225 GW utility-scale solar projects under its PLTS Mentari Nusantara I project. The company launched the official tender process on April 30, 2026. The solar capacity...

May 6, 2026

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MES Floats Operations & Maintenance Tender Tender for 5 MW Solar Project

The Military Engineer Services (MES) has floated a tender for the comprehensive operation and maintenance (O&M) of a 5 MW solar project at Mhow, Madhya Pradesh, for 10 years. Bids must be submitted by June 3, 2026. Bids will be opened on June 10....

May 6, 2026

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Jharkhand Tenders 10 MW Rooftop Solar Projects on Government Buildings

The Jharkhand Renewable Energy Development Agency (JREDA) has invited bids for rate contracts to design, manufacture, supply, install, and commission 10 MW of grid-connected rooftop solar projects (with or without battery systems) of various...

May 6, 2026

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Lakshadweep Invites EoI for 2 MW Rooftop Solar with 5.5 MWh Battery Project

The Lakshadweep Electricity Department has invited expressions of interest for rate contracts and to empanel vendors for setting up a 2,107 kW rooftop solar project with a 5,525 kWh battery storage system on government buildings in Lakshadweep. The...

May 6, 2026

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Rajasthan Introduces New Renewable Energy Purchase Compliance Rules

The Rajasthan Electricity Regulatory Commission (RERC) has introduced new renewable energy compliance requirements, distributed renewable energy targets, and aligned the state rules with the central government’s renewable consumption obligation...

May 6, 2026

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India Eases Foreign Investment Rules for Polysilicon, Wafer, Batteries

India’s Department for Promotion of Industry and Internal Trade (DPIIT) has issued a standard operating procedure (SOP) for processing foreign direct investment (FDI) proposals requiring government approval. The SOP identifies eligible sectors...

May 6, 2026

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Konkan Railway Invites Bids for a 5 MW Solar Project in Karnataka

The Konkan Railway Corporation (KRCL) has invited bids for the supply, installation, testing, and commissioning of a 5 MW solar power project at Murdeshwar in Karnataka. The power produced by the project will be supplied to the Murdeshwar substation...

May 6, 2026

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