Archive

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SECI Announces Winners of 6 GWh Peak Power Supply Auction

The Solar Energy Corporation of India (SECI) has announced the winners of its auction to select developers for the assured peak supply of 6,000 MWh (1,500 MW X 4 hours)...

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IREDA’s Q1 Revenue Up 15% on Higher Loan Interest Accruals

Government-owned lender Indian Renewable Energy Development Agency (IREDA) posted a revenue from operations of ₹22.5 billion (~$235.2 million) in the first quarter (Q1)...

August 21, 2026

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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ABRen Secures $1.6 Billion from MUFG to Fund Sprng Energy Acquisition

Aditya Birla Renewables (ABRen), the renewable energy arm of the Aditya Birla Group, has secured a $1.6 billion (~₹153.08 billion) term loan facility from Mitsubishi UFJ...

August 21, 2026

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Melvin Mathew

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Finance and M&A

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Renewable Energy
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Coal India Seeks ₹7 Billion Term Loan for 750 MWh Battery Storage Project

Coal India (CIL) has invited bids for a rupee term loan of ₹7.13 billion (~$74.55 million) to develop a 187.5 MW/750 MWh standalone battery energy storage system (BESS)...

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GMIDC Tenders 150 MW Floating Solar Plus 150 MWh Battery Storage Project

Godavari Marathwada Irrigation Development Corporation (GMIDC) has invited expressions of interest (EoI) to set up a 150 MW floating solar project with at least 75...

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GAIL Invites Bids to Augment 5 MW Solar Project in Rajasthan

GAIL (India) has invited bids for the engineering, procurement, and construction (EPC) of approximately 1.2 MW of additional solar capacity at its existing 5 MW solar...

August 21, 2026

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Arjun Joshi

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Solar

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Tenders & Auctions
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PFC Consulting Awards Project to Evacuate 14 GW of Renewables in Gujarat

PFC Consulting has announced the winner of the auction for a common transmission system to evacuate 14 GW of renewable power from Lakadia (Phase-II: 7.5 GW), Jam...

August 21, 2026

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Rakesh Ranjan

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Grid

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Tenders and Auctions
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PFC Consulting Tenders Transmission Project for 400 kV Substation in Rajasthan

PFC Consulting has invited bids to set up an intra-state transmission system (InSTS) for the 400 kV Bhojrajka (Khushkhera) grid substation in Rajasthan, along with the...

August 21, 2026

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Parth Shukla

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Grid

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Tenders and Auctions
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Grid India Issues New Procedure for Secure Operation of National Grid

The Grid Controller of India (Grid India) has issued the National Load Despatch Center (NLDC) Operating Procedure 2026, which lays down procedures for the integrated...

August 21, 2026

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Rakesh Ranjan

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Grid

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Market & Policy
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Madhya Pradesh Lays Out Banking SOP for Green Energy Open Access Consumers

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has issued a standard operating procedure (SOP) governing the banking of power by green energy open access...

August 21, 2026

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Arjun Joshi

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Grid

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Markets & Policy

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Open Access
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Daily News Wrap-Up: India’s Solar Open Access Capacity Rises 42% YoY

India added nearly 6 GW of solar open access capacity in the first half (1H) of the calendar year 2026, up 42% year-over-year (YoY) compared to 4 GW, according to Mercom...

August 21, 2026

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Mercom Staff

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Daily Wrap-up
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Hindustan Power Closes Financing for 435 MW Solar Project

Hindustan Power has achieved financial closure for its 435 MW solar project in Lalitpur, Uttar Pradesh after securing ₹11.35 billion (~$113.5 million) in debt financing...

August 21, 2026

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Parth Shukla

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Finance and M&A

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Solar
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India’s Solar Imports Rise 50% YoY in Q2 2026, Exports Plunge 88%

Solar cell imports rose 33.2%, while module imports fell 75.5% compared to the previous quarter. This contrast reflects India’s expanding domestic module manufacturing...

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Rooftop Solar’s BoS Quality Problem Extends Beyond Component Selection

As India’s rooftop solar market expands, the quality of balance-of-system (BoS) components and installation practices is becoming increasingly important to project...

August 21, 2026

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Arjun Joshi

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Mercom Research Focus

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Rooftop

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Solar
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Korkia Semecon Finland Renewables Sells 125 MW Battery Storage Project

Korkia Semecon Finland Renewables, a joint venture between Korkia and Semecon, has completed the sale of the 125 MW Kukonkylä battery energy storage project in Finland...

August 20, 2026

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Dibin DB

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Energy Storage

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Finance and M&A

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