Mercom Research Focus
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India’s Energy Storage Capacity Rose 26% YoY in 2025, Adding 547 MWh

India added nearly 547 MWh of battery energy storage capacity in 2025, around 26% year-over-year (YoY) increase from over 433 MWh, according to the newly released 2H & Annual 2025 India’s Energy Storage Landscape Report by Mer...

March 25, 2026

Markets & Policy

MNRE Eyes Bigger Role in Renewable Energy Governance, Distinct from MoP

The Ministry of New and Renewable Energy (MNRE) has called for strengthening its role, considering the rapidly expanding scale and strategic importance of renewables, to give greater institutional clarity for effective administrat...

March 23, 2026

Markets & Policy

MNRE Pushes Maharashtra to Drop ‘Regressive’ Rooftop Solar Capacity Cap

The Ministry of New and Renewable Energy (MNRE) has asked the Maharashtra government to withdraw its recent move to restrict the capacity of rooftop solar systems installed by consumers under the PM Surya Ghar: Muft Bijli Yojana. ...

March 23, 2026

Markets & Policy

CEA Projects India’s Peak Power Demand to Reach 459 GW by 2035-36

India’s peak power demand is expected to rise to 459 GW by 2035-36 from 289 GW in 2026-27, according to the Central Electricity Authority’s (CEA) National Generation Adequacy Plan (2026-27 to 2035-36). The adequacy plan aims to as...

March 24, 2026

Latest News

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NHPC Invites Bids for 7.8 MW Wind Power Project in Kerala

NHPC has invited bids to set up a 7.8 MW wind power project in the Palakkad district of Kerala. The successful bidder will also be responsible for the project’s operations and maintenance for five years. The last date to submit bids is April 27,...

March 25, 2026

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CERC Adopts Tariffs for SECI’s 2 GW Solar-Plus-Storage Projects

The Central Electricity Regulatory Commission (CERC) has approved tariffs of  ₹2.86 (~$0.0304)/kWh and ₹2.87 (~$0.0305)/kWh discovered by Solar Energy Corporation of India (SECI) for 2,000 MW solar projects coupled with 1,000 MW/4,000 MWh of energy...

March 25, 2026

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Parliamentary Panel Flags Low EV Program Utilization and Skewed Spending by MHI

Parliament’s Standing Committee on Industry has raised concerns about the dominance of the automobile and electric vehicle (EV) ecosystem in the Ministry of Heavy Industries (MHI) budget, which is around ₹75.37 billion (~$802.49 million), accounting...

March 25, 2026

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MNRE Invites Proposals for Skilling of Green Hydrogen Workforce

The Ministry of New and Renewable Energy (MNRE) has invited proposals from States and Union Territories for implementing the skilling, upskilling, and reskilling component under the National Green Hydrogen Mission (NGHM), aimed at creating a trained...

March 25, 2026

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CERC Approves Tariff for SJVN Green’s 1 GW Solar Projects in Rajasthan

The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.45 (~$0.026)/kWh for SJVN Green Energy’s 1,000 MW solar projects in Bikaner, Rajasthan. SJVN Green had secured this capacity at IREDA’s auction for setting up 5,000 MW...

March 25, 2026

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CERC Adopts Tariff for SECI’s 1,200 MW Solar Project Under CPSU Program

The Central Electricity Regulatory Commission (CERC) has adopted a tariff of ₹2.45 (~$0.0260)/kWh for Solar Energy Corporation of India’s (SECI) 1,200 MW solar power projects. The Commission refused to approve the higher tariff of ₹2.57 (~$0....

March 25, 2026

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Project Finance Brief: Arevon Secures $920 Million for 1.2 GWh Battery Project

From: Mercom Capital Group Arevon Energy, a renewable energy developer, owner, and operator, closed a $920 million financing package for its 300 MW/1,200 MWh Nighthawk battery energy storage system (BESS) project in Poway, California. The financing...

March 25, 2026

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Daily News Wrap-Up: India’s Peak Power Demand to Reach 459 GW by 2036

India’s peak power demand is expected to rise to 459 GW by 2035-36 from 289 GW in 2026-27, according to the Central Electricity Authority’s National Generation Adequacy Plan (2026-27 to 2035-36). The adequacy plan aims to assess India’s generation...

March 25, 2026

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Funding and M&A Roundup: GS Power Partners Secures $250 Million

From: Mercom Capital Group GS Power Partners, an independent power producer and solar project developer backed by CVC DIF, closed a $250 million debt facility. Deutsche Bank acted as lead lender and arranger and is responsible for syndicating the...

March 25, 2026

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