Mercom Research Focus
thumbnail
VGF, LCOS, and the Changing Economics of Battery Storage in India

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 aggressiv...

February 9, 2026

Modules

Solar Module Capacity Under ALMM Jumps to 162 GW

The Ministry of New and Renewable Energy (MNRE) has 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 ...

February 9, 2026

Grid

Transmission Line Additions in 9M FY 2026 Meet Less Than Half the Target

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 ...

February 9, 2026

Finance and M&A

PFC Acquires Majority Stake in REC, Board Greenlights Merger

Power Finance Corporation (PFC) has acquired 52.63% of the Government of India’s stake in REC Limited, making REC a subsidiary of PFC. The PFC Board took note of the Union Budget 2026–27 announcement proposing the restructuring of...

February 6, 2026

Latest News

thumbnail
West Bengal Floats Tenders for 3 MW Rooftop Solar-BESS Projects

The West Bengal Green Energy Development Corporation (WBGEDCL) has issued three engineering, procurement, and construction (EPC) tenders for setting up grid-connected rooftop solar projects with battery energy storage systems (BESS), with a...

February 9, 2026

thumbnail
West Bengal Floats Tender for 25 MW/100 MWh Solar Plus BESS Project

West Bengal State Electricity Distribution Company (WBSEDCL) has invited bids for the design, engineering, supply, construction, and commissioning of a 100 MW solar power project with a 25 MW/100 MWh battery energy storage system (BESS) at Goaltore...

February 9, 2026

thumbnail
Daily News Wrap-Up: Union Budget 2026 Pushes for Stable Renewables

The Union Budget 2026 provided a new focus to India’s renewable energy strategy, moving from capacity addition to developing a sustainable, resilient domestic clean energy ecosystem, with energy storage systems as the key pillar. Industry...

February 9, 2026

thumbnail
Australia Awards 12 GWh of Long Duration Storage Battery Projects

AusEnergy Services (ASL) has awarded six new long-duration energy storage (LDES) battery projects totaling 1.17 GW/11.98 GWh under the sixth round of New South Wales (NSW) Electricity Infrastructure Roadmap. Bridge Energy won 100 MW/870 MWh, Ark...

February 9, 2026

thumbnail
Enphase’s Q4 2025 Revenue Down on Softening US, Europe Demand

Microinverter and battery storage supplier Enphase Energy reported revenue of $343.32 million for the fourth quarter (Q4) of 2025, down 10.29% year-over-year (YoY) from $382.71 million. The revenue, however, in Q4 surpassed analysts’ expectations by...

February 9, 2026

thumbnail
Fluence Energy’s Revenue Jumps 154% to $475.2 Million in Q1 FY2026

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 financial year (FY) 2026. The company recorded a net loss of $62.6...

February 9, 2026

MORE NEWS