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Potaliya Petrochemicals, Kishan Infrastructure Win SECI’s 17.7 MW Rooftop Solar Auction

Potaliya Petrochemicals and Kishan Infrastructure Industries have won the Solar Energy Corporation of India’s (SECI) auction to install 17.77 MW of grid-connected rooftop solar projects on government buildings in Puducherry (Tranc...

March 27, 2026

Mercom Research Focus

Battery Cycling is Becoming a Key Cost Factor in India’s Energy Storage Economics

India’s battery energy storage sector is expanding rapidly, but a less visible challenge is emerging as projects move from planning to operation: the impact of real-world cycling on battery degradation and long-term economics. Ear...

March 27, 2026

Grid

Maharashtra Revises Energy Banking Rules in Modified Multi-Year Tariff Order

The Maharashtra Electricity Regulatory Commission (MERC) has modified aspects of its multi-year tariff (MYT) order, revising time-of-day (ToD) banking rules and rationalizing the rebate structure to better align with regulatory pr...

March 27, 2026

Mercom Research Focus

India’s Energy Storage Capacity Rose 26% YoY in 2025, Adding 547 MWh

India added nearly 547 MWh of battery energy storage capacity in 2025, around 26% year-over-year (YoY) increase from over 433 MWh, according to the newly released 2H & Annual 2025 India’s Energy Storage Landscape Report by Mer...

March 25, 2026

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MAHAGENCO-NTPC Green JV Issues Land Procurement Tender for Renewable Projects

MAHAGENCO NTPC Green Energy (MNGEPL), a joint venture company of MAHAGENCO and NTPC Green Energy, has issued an expression of interest to procure 10,000 acres of land for the development of solar and renewable energy projects across Maharashtra....

March 27, 2026

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Euler Motors Secures ₹4.37 Billion in Series E Funding Round

Electric vehicle (EV) manufacturer Euler Motors has raised ₹4.37 billion (~$46.2 million) in a Series E funding round. This round was led by Lightrock and saw Hero MotoCorp and Blume Ventures returning as investors. The funding round was...

March 27, 2026

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Madhya Pradesh Hikes Power Tariff for FY 2026-27 Across All Categories

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has approved higher tariffs for electricity consumers across all categories for the financial year (FY) 2026-27. The tariff order has raised fixed charges and energy charges for industrial,...

March 27, 2026

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USITC Opens Probe into TOPCon Solar Imports for Patent Infringement

The U.S. International Trade Commission (USITC) has initiated a Section 337 investigation into imports of Tunnel Oxide Passivated Contact (TOPCon) solar cells and modules, naming three Indian companies among a broad list of global manufacturers...

March 27, 2026

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August Energy Secures ₹1.3 Billion in Debt Financing from Aseem Infrastructure

Singapore-headquartered energy-as-a-service (EaaS) infrastructure platform August Energy has secured long-term project financing of ₹1.3 billion (~$15 million) in debt from Aseem Infrastructure Finance for a portfolio of renewable energy projects in...

March 27, 2026

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India Targets 60% Non-Fossil Power Capacity, 47% Emission Cuts by 2035

India aims to cut its emissions intensity by 47% from 2005 levels by 2035, reach 60% of its total installed power capacity from non-fossil fuel sources by 2035, and establish a carbon sink of 3.5 to 4 billion tons of CO₂ equivalent through forest...

March 27, 2026

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Jharkhand Hikes Electricity Tariffs Across Categories for FY 2027

The Jharkhand State Electricity Regulatory Commission (JSERC) has increased retail electricity tariffs for all categories for the financial year (FY) 2026-27. The Commission has also increased open access charges, including cross-subsidy surcharge...

March 27, 2026

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