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NLC India Announces Winner of 250 MW/500 MWh EPC Battery Storage Auction

NLC India has announced the winner of its auction to set up a 250 MW/500 MWh battery energy storage system (BESS) at the Tamil Nadu Transmission Corporation’s substations. Pace Digitek won the auction for the engineering, procurem...

May 18, 2026

Energy Storage

PSPCL Announces Winners of 1 GWh Battery Energy Storage Auction

The Punjab State Power Corporation (PSPCL) has announced the winners of the 500 MW/1,000 MWh standalone battery energy storage systems (BESS) auction. Stockwell Solar won 150 MW/300 MWh at a tariff of ₹335,000 (~$3,499.43)/MW/mont...

May 15, 2026

Solar

SECI Announces Winner of 10 MW Solar Auction

The Solar Energy Corporation of India (SECI) has announced the winner of its auction to set up a 10 MW grid-connected solar project in Odisha. BNC Power Projects won the auction, quoting a tariff of ₹2.60 (~$0.0271)/kWh. The tende...

May 15, 2026

Other

India Adds Record 15.3 GW of Solar Capacity in Q1 2026

India installed 15.3 GW of solar capacity in Q1 2026, its highest-ever quarterly total, according to Mercom India’s Q1 2026 India Solar Market Update Report. Additions rose more than 143% year-over-year (YoY) from 6.3 GW in Q1 202...

May 14, 2026

Latest News

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Japan Awards 1.2 GW of Battery Storage Capacity Under Decarbonization Program

Japan’s Organization for Cross-regional Coordination of Transmission Operators (OCCTO) has announced the results for the FY 2025 Long-Term Decarbonized Power Source Auction, selecting 28 winners, which included winners for 10 lithium-ion (Li-ion),...

May 18, 2026

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Gujarat Regulator Adopts Tariffs for GUVNL’s 500 MW Wind Power Procurement

The Gujarat Electricity Regulatory Commission (GERC) has approved Gujarat Urja Vikas Nigam’s (GUVNL) petition to adopt tariffs for 500 MW of wind power capacity. The procurement includes 250 MW of base capacity and an additional 250 MW under the...

May 18, 2026

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GERC Approves Tariffs for 335 MW/670 MWh Energy Storage Projects

The Gujarat Electricity Regulatory Commission (GERC) has approved tariffs ranging from ₹210,000 (~$2,179.66)/MW/month to ₹212,000 (~$2,200.42)/MW/month for Gujarat Urja Vikas Nigam’s (GUVNL) procurement of 335 MW/670 MWh energy storage capacity....

May 18, 2026

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PFC, REC Boards Decide to Approach President for Merger Approval

The decks have been cleared for the merger of REC Limited with the Power Finance Corporation (PFC), with the boards of the two government-owned companies approving the proposal made in the Union Budget 2026-27. In separate filings on the BSE, the...

May 18, 2026

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Solex’s Q4 Revenue Surges 248% on Higher Module Manufacturing, EPC Orders

Gujarat-based solar module manufacturer Solex Energy reported a revenue of ₹8.86 billion (~$92.39 million) for the fourth quarter (Q4) of the financial year (FY) 2026, up 247.6% year-over-year (YoY) from ₹2.55 billion (~$26.58 million). Earnings...

May 18, 2026

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UREDA Tenders 6.5 MW Rooftop Solar Projects on Government Buildings

The Uttarakhand Renewable Energy Development Agency (UREDA) has invited bids under two tenders to select engineering, procurement, and construction (EPC) contractors for grid-connected rooftop and small solar power projects at government buildings...

May 18, 2026

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CERC Approves ₹2.15/kWh Tariff for 170 MW Neemuch Solar Project

The Central Electricity Regulatory Commission (CERC) has adopted a tariff of ₹2.15 (~$0.0224)/kWh for a 170 MW solar project to be developed as Unit 3 of the Neemuch Solar Park in Madhya Pradesh. The Commission held that the tariff had been...

May 18, 2026

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Daily News Wrap-Up: India Adds 1.6 GW of Wind Capacity in Q1 2026

India added nearly 1.6 GW of wind power capacity in the first quarter (Q1) of the calendar year 2026, up 14% quarter-over-quarter from 1.3 GW. The capacity additions fell 16% year-over-year (YoY) from 1.8 GW, according to Mercom India Research....

May 18, 2026

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Higher Sales Volume Pushes Premier Energies’ Revenue Up 40% YoY in Q4 FY 2026

Solar module and cell manufacturer Premier Energies has posted revenue of ₹22.7 billion (~$237.12 million) in the fourth quarter (Q4) of the financial year (FY) 2026, up 40.1% year-over-year (YoY) from ₹16.2 billion (~$169 million). Higher sales...

May 15, 2026

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