Bid prices in the battery energy storage system (BESS) market are declining sharply, driven by viability gap funding (VGF) support and intense competition. While VGF has reduced upfront project costs, it has also spurred aggressive bidding that may not fully reflect the actual levelized cost of storage (LCOS), which represents the true lifecycle cost of storage assets.

Prostarm Info Systems won South Eastern Railway’s auction to set up 2.059 MW rooftop solar systems under the Santragachi division in Howrah, West Bengal. Prostarm won the project at a contract value of ₹134.3 million (~$1.48 million). The tender was floated in November 2025.

The Ministry of New and Renewable Energy expanded the Approved List of Models and Manufacturers (ALMM) by adding 17,268 MW of solar module capacity. The cumulative module manufacturing capacity under ALMM now stands at 162,109 MW.

The Bihar Electricity Regulatory Commission approved a proposal by Bihar State Power Holding Company to procure 190 MW of assured peak power supply through an interstate transmission system–connected wind–solar hybrid project with a co-located BESS under the Solar Energy Corporation of India’s hybrid tranche-VI program.

The Andhra Pradesh Electricity Regulatory Commission directed all power distribution companies (DISCOMs) in the state to implement monthly energy settlement and billing for solar rooftop prosumers with immediate effect. The Commission has also directed DISCOMs to ensure that payments for excess energy exported to the grid are made through electronic transfer, in line with existing regulations.

India’s commercial and industrial (C&I) renewable energy market is undergoing a structural transition, with distributed solar growing beyond rooftop installations toward larger green open-access projects. Rising electricity costs, corporate decarbonization targets, and the need for long-term cost visibility are pushing C&I consumers to reassess how they procure clean power.

West Bengal State Electricity Distribution Company invited bids for the design, engineering, supply, construction, and commissioning of a 100 MW solar power project with a 25 MW/100 MWh BESS at Goaltore in the Paschim Medinipur district of West Bengal (Phase II).

The West Bengal Green Energy Development Corporation issued three engineering, procurement, and construction tenders for setting up grid-connected rooftop solar projects with BESS, with a cumulative capacity of 3 MW, at government poultry farms in Coochbehar, Malda, and Nadia districts.

India achieved 5,077 circuit kilometers (ckm) of power transmission lines between April and December in the financial year (FY) 2025–26, accounting for 47.5% of the cumulative target of 10,696 ckm set for the period, according to Central Electricity Authority data.

UJVNL, a Government of Uttarakhand undertaking, floated a tender to set up a 16 MW/40 MWh BESS at the Pathri substation and hydroelectric project in Uttarakhand’s Haridwar district. The projects will receive viability gap funding support. Bids must be submitted by March 5, 2026. Bids will be opened on March 7.

Mumbai-based Radiance Renewables, a clean energy firm backed by Eversource Capital, raised about $100 million in equity funding from two major international investors — Impact Fund Denmark and the Dutch entrepreneurial development bank FMO. Impact Fund Denmark and FMO are investing $50 million each.

Tamilnadu Petroproducts will procure approximately 13.2 MW of solar power from Navia Three Power (NTPPL), a special-purpose vehicle (SPV) of renewable energy solutions company Zelestra, as a captive consumer.

Utility-scale energy storage firm Fluence Energy recorded revenue of $475.2 million, an increase of approximately 154.4% year-over-year (YoY), in the first quarter (Q1) of the FY 2026. The company recorded a net loss of $62.6 million, compared with approximately $57 million in the same quarter last year.

Microinverter and battery storage supplier Enphase Energy reported revenue of $343.32 million for Q4 of 2025, down 10.29% YoY from $382.71 million. The revenue, however, in Q4 surpassed analysts’ expectations by $3.2 million. The company’s Q4 revenue included $2.3 million of safe harbor revenue.

AusEnergy Services awarded six new long-duration energy storage battery projects totaling 1.17 GW/11.98 GWh under the sixth round of the New South Wales Electricity Infrastructure Roadmap.

Philippines-based renewable energy company ACEN Renewables International, a subsidiary of ACEN Corporation, consolidated its joint venture (JV) with UPC Renewables, taking 100% ownership of the JV. Through this acquisition, ACEN will add 819 MW of renewable energy projects to its India portfolio, comprising three projects under construction and at advanced stages of development in Rajasthan and Karnataka.

The board of directors of government-owned lender, Indian Renewable Energy Development Agency (IREDA), approved a fundraise of ₹29.94 billion (~$330.14 million) through a qualified institutions placement.