Mercom Research Focus
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Battery Storage, Hybrid Projects Dominate Renewable Auctions in Q3 2026

Government agencies issued tenders for 21 GW of renewable energy capacity and auctioned 12 GW across energy storage, hybrid, large-scale solar, wind, manufacturing, green hydrogen, and rooftop solar projects in the third quarter (...

November 5, 2026

Featured

India’s Renewable Energy Growth Faces a Deepening Land Acquisition Crisis

India’s renewable energy developers face mounting difficulties securing project-ready land, with acquisition and conversion timelines stretching up to 24 months in some states. These delays are increasing project costs and c...

November 3, 2026

Mercom Research Focus

Higher Surcharge Could Erode Savings for Telangana’s Open Access Consumers

The Telangana Electricity Regulatory Commission (TGERC) has increased the additional surcharge on eligible open access consumers from ₹0.13 (~$0.00137)/kWh to ₹0.82 (~$0.00865)/kWh, raising concerns over the cost competitiveness o...

November 5, 2026

Energy Storage

Cabinet Approves ₹145 Billion Viability Gap Funding for 92 GWh Energy Storage

The Union Cabinet has approved a ₹145 billion (~$1.53 billion) viability gap funding (VGF) program to support the development of 92 GWh of grid-scale energy storage capacity across India between the financial years (FY) 2027 and 2...

November 4, 2026

Latest News

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GERC Rejects Plea to Extend Commissioning Time for 4 MW Solar Project

The Gujarat Electricity Regulatory Commission (GERC) has rejected a petition seeking an extension of the commissioning deadline for its 4 MW solar project in Kheda district, Gujarat. The Commission ruled that the developer failed to establish that...

November 5, 2026

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Kerala Textile Firm Targets 50% Electricity Savings with Rooftop Solar

For textile businesses, electricity is a recurring operational expense. Rooftop solar installations can help such businesses reduce their dependence on grid electricity, lower power bills, and improve long-term cost predictability. By generating...

November 5, 2026

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Sunraycer Renewables Acquires 325 MW of Solar Projects in the US

Sunraycer Renewables, an independent power producer and a portfolio company of Crayhill Capital Management, has acquired two utility-scale solar projects totaling 325 MW from Apricus Energy, a joint venture between NOVI Energy and Osaka Gas USA. The...

November 5, 2026

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Candi Solar and Pentagreen to Fund 400 MW Solar-Plus-Storage Projects

Clean energy company Candi Solar has announced a $50 million partnership with Pentagreen Capital to finance 400 MW of solar and battery energy storage projects in India. The partnership aims to expand access to clean energy for small and...

November 5, 2026

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Websol Posts 115% Jump in Q2 Revenue, Announces Foray into EPC Business

Solar cell and module manufacturer Websol Energy System reported a revenue from operations of ₹3.61 billion (~$38.16 million) in the second quarter (Q2) of the financial year (FY) 2027, up 114.6% year-over-year (YoY) from ₹1.68 billion (~$17.76...

November 5, 2026

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SOLV Energy Acquires Texas Battery Storage Contractor ASB Energy Services

SOLV Energy, a company that provides construction, operation, and maintenance services for large-scale solar and battery storage projects, has acquired Texas-based ASB Energy Services, a contractor specializing in substation foundations, civil...

November 5, 2026

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NHPC Invites Bids for Battery Storage Projects in Uttar Pradesh

NHPC has invited bids to set up battery energy storage systems and supply solar-plus-battery storage power at the Jalaun Solar Park in Uttar Pradesh. Developed by Bundelkhand Saur Urja (BSUL), the Jalaun Solar Park has a total capacity of 1,200 MW....

November 5, 2026

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Green Genius Raises $72.5 Million Through Green Bond Issue

Renewable energy project developer Green Genius has completed a €65 million (~$72.5 million) green bond issue to refinance existing subordinated construction loans. The bonds have a four-year maturity and carry a floating interest rate based on the...

November 5, 2026

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ARRAY Technologies, Shoals Technologies Agree to Stock-for-Stock Merger

ARRAY Technologies, a provider of solar tracking technology and fixed-tilt products and foundation solutions, and Shoals Technologies Group, a provider of electrical balance-of-system solutions for utility-scale solar and battery storage, have...

November 5, 2026

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