Mercom Research Focus
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China Export Rebate Cuts May Raise India Solar, BESS Prices

China’s recent decision to cancel value-added tax (VAT) export rebates on solar and related products from April 1, 2026, is likely to increase project costs for India’s solar and battery energy storage system (BESS) developers. Th...

February 16, 2026

Energy Storage

Hardi Hydro Energy Wins SJVN’s 250 MW/500 MWh Standalone BESS Auction

Madhya Pradesh-based Hardi Hydro Energy has won SJVN’s auction to set up 250 MW/500 MWh of standalone battery energy storage (BESS) systems at the 1,360 MW Panipat thermal power station in Haryana. Hardi Hydro Energy won the entir...

February 13, 2026

Mercom Research Focus

India Posts Historic Solar Growth with 36.6 GW Installed in 2025

India recorded its highest-ever annual solar capacity addition in the calendar year 2025, installing 36.6 GW, a 43% increase over the 25.6 GW added in 2024, according to Mercom India’s newly released Q4 and Annual 2025 India...

February 12, 2026

Markets & Policy

Delhi Launches Six-Month Pilot on Peer-to-Peer Solar Trading

As part of a larger bid to decentralize the energy marketplace, the Delhi Electricity Regulatory Commission (DERC) has given the nod for a mechanism for interstate and intrastate peer-to-peer (P2P) solar energy trading on a six-mo...

February 13, 2026

Latest News

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US Tightens Tax Credit Rules to Curb China’s Clean Energy Role

In a move to curb Chinese influence on the clean energy supply chain, the U.S. Department of the Treasury has issued interim guidance to enforce provisions under Section 45X of the Internal Revenue Code that restrict companies from claiming federal...

February 14, 2026

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US Slaps 102.72% Antidumping Duty on Chinese Active Anode Material Imports

The U.S. Department of Commerce has determined antidumping (AD) and countervailing duties (CVD) of up to 102.72% and 66.86%, respectively, on the imports of active anode material from China. The duty imposition followed investigations after the...

February 13, 2026

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Saatvik Forays into IPP Segment, to Buy 49% Stake in Intelligent Hydel

Saatvik Cleantech EPC, a wholly owned subsidiary of Haryana-based solar module manufacturer Saatvik Green Energy, has entered into a share purchase agreement to acquire a 49% stake in Intelligent Hydel Solutions, which is setting up a 41 MW solar...

February 13, 2026

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GREW Solar Raises ₹10.5 Billion to Expand Cell Capacity in Madhya Pradesh

Solar module manufacturer GREW Solar has raised ₹10.5 billion (~$118.4 million) in a new funding round led by Bay Capital Investment to expand manufacturing capacity at its Dudu facility in Rajasthan and its upcoming plant in Madhya Pradesh. The...

February 13, 2026

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Amara Raja’s Revenue Up 4.2% in Q3 Due to Strong EV Market Growth

Battery manufacturer Amara Raja Energy and Mobility posted a revenue of ₹34.1 billion (~$376.14 million) in the third quarter (Q3) of the financial year (FY) 2026, a 4.21% year-over-year (YoY) increase from ₹32.72 billion (~$360.95 million). Its...

February 13, 2026

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Vikram Solar Secures ₹32 Billion Working Capital Facilities

Solar module manufacturer Vikram Solar has signed an agreement to renew and enhance its existing working capital facilities, amounting to ₹32 billion (~$353.23 million), extended by a lenders’ consortium. As of February 10, 2026, Vikram Solar has an...

February 13, 2026

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US to Retain Antidumping Duties on Polysilicon Imports from China, Taiwan

The U.S. Department of Commerce has concluded that revoking the prevailing antidumping duty (AD) and countervailing duty (CVD) on crystalline silicon photovoltaic product imports from China and Taiwan will lead to a recurrence of dumping. Commerce...

February 13, 2026

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August Energy Signs Energy-as-a-Service Deal with 1.5 GW Solar Module Plant

Singapore-headquartered energy-as-a-service (EaaS) infrastructure platform August Energy has signed its first EaaS contract in India for a 1.5 GW solar module manufacturing facility near Jaipur, Rajasthan, marking its entry into integrated utility...

February 13, 2026

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