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Pace Digitek Wins KREDL’s 250 MW Solar/1.1 GWh BESS Project in Karnataka

Pace Digitek has won Karnataka Renewable Energy Development’s (KREDL) auction to set up a 250 MW solar project with a 250 MW/1,100 MWh battery energy storage system (BESS) at Ryapte village in Tumkur district. Pace Digitek has won...

February 11, 2026

Mercom Research Focus

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

Markets & Policy

US Reshoring Push May Limit Gains from Tariff Cut for Indian Solar Exporters

Indian solar module and cell exporters are upbeat after the U.S. slashed tariffs on Indian goods from an effective rate of 50% to 18%. They hope the lower tariff will make their products more competitive in the U.S. market. Indian...

February 11, 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

Latest News

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Maharashtra Invites Bids for Procuring 2.5 GW of RTC Power

Maharashtra State Electricity Distribution Company (MSEDCL) has issued a tender to procure 2,500 MW of round-the-clock (RTC) power, with at least 51% (1,275 MW) sourced from renewable energy projects. Successful bidders can supply the remaining...

February 11, 2026

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PFC Consulting Floats Tender for Substation in Karnataka’s Bidar District

PFC Consulting has invited bids to set up a 3×500 MVA, 400/220 kV substation, along with associated transmission lines, at Humnabad in Bidar district, Karnataka. Bids must be submitted by April 14, 2026. Bids will be opened on the same day. The...

February 11, 2026

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Maharashtra Invites Bids for Procuring 1.3 GW of Renewable RTC Power

Maharashtra State Electricity Distribution Company (MSEDCL) has issued a tender to procure 2,500 MW of round-the-clock (RTC) power, with at least 51% (1,275 MW) sourced from renewable energy projects. Successful bidders can supply the remaining...

February 11, 2026

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Kerala Issues Draft Regulations for Resource Adequacy Planning

Kerala State Electricity Regulatory Commission (KSERC) has issued the draft framework for resource adequacy planning and regulations, aligning with the central government guidelines. Stakeholders can send their objections/suggestions before February...

February 11, 2026

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Daily News Wrap-Up: CERC Sets NHPC FDRE Tariffs, Cuts Greenshoe to 600 MW

The Central Electricity Regulatory Commission partly approved the adoption of tariffs discovered through a competitive bidding process for firm and dispatchable renewable energy procured by NHPC, while curtailing the allocation of additional...

February 11, 2026

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Missing SCADA Data Can Skew Solar Tracker Availability Metrics

A recent study has shown that missing Supervisory Control and Data Acquisition (SCADA) data could be distorting measured solar tracker availability in utility-scale projects. Larger distortions in tracker availability data could also affect...

February 11, 2026

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Project Finance Brief: Aypa Power Secures $1.5 Billion for Energy Storage Projects

From: Mercom Capital Group Aypa Power, a Blackstone portfolio company and utility-scale energy storage and hybrid renewable energy projects developer, closed a $1.5 billion construction warehouse revolving credit facility, with an additional $0.5...

February 11, 2026

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Funding and M&A Roundup: Lunar Energy Secures $232 Million

From: Mercom Capital Group Lunar Energy, a provider of integrated home battery systems and Virtual Power Plant (VPP) software, has raised $102 million in an oversubscribed Series D round led by B Capital and Prelude Ventures. This funding follows a...

February 11, 2026

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