Mercom Research Focus
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India Adds Record 27 GW of Solar Capacity in First Half of 2026

India added a record 27 GW of solar capacity in the first half (1H) of the calendar year (CY) 2026, up 49% year-over-year (YoY) from 18 GW, according to Mercom India Research’s newly released Q2 and 1H 2026 India Solar Market Upda...

August 13, 2026

Mercom Research Focus

India’s Floating Solar Push Hinges on More Than Subsidies

India’s nascent floating solar market has struggled to scale amid high project costs, complex reservoir engineering, fragmented water-surface allocation, and limited technical standards. The ₹50.7 billion (~$530.20 million) Pradha...

August 13, 2026

Energy Storage

GUVNL Announces Winners of 450 MW/900 MWh Battery Storage Auction

Gujarat Urja Vikas Nigam (GUVNL) has announced the winners of the auction to set up 450 MW/900 MWh of battery energy storage systems in the state, with viability gap funding from the power system development fund (Phase-IX). NLC I...

August 12, 2026

Mercom Research Focus

India’s DCR Solar Push Is Creating a Cost and Supply Crunch

The widening price gap between Domestic Content Requirement (DCR)-compliant and non-DCR modules is reshaping procurement and investment decisions across India’s solar industry. Higher module prices, constrained domestic cell...

August 12, 2026

Latest News

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Maharashtra Invites EOIs for 115 MW Floating Solar Project with Battery Storage

The Godavari Marathwada Irrigation Development Corporation (GMIDC) has invited expressions of interest (EOIs) to develop a 115 MW floating solar project with a co-located battery energy storage system (BESS) in Maharashtra. The project will be...

August 13, 2026

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Odisha Amends Renewable Energy Policy to Support Wind, Storage

The Odisha government has announced additional incentives for battery energy storage, removed the capacity cap on wind project allocations, and extended electricity duty benefits for eligible renewable energy consumers. These initiatives are part of...

August 13, 2026

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Inox Clean Raises ₹15 billion from Motilal Oswal Group

Motilal Oswal Group has committed ₹15 billion (~$157.20 million) to Inox Clean Energy, the integrated renewable energy platform of the INOXGFL Group. Of the amount, ₹10 billion (~$104.80 million) has already been invested through compulsorily...

August 13, 2026

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APTEL Upholds Capacity-Based Wheeling Charges for Captive Wind Project

The Appellate Tribunal for Electricity (APTEL) has upheld Ajmer Vidyut Vitran Nigam’s (AVVNL) decision to levy wheeling charges based on the higher of contracted or utilized open access capacity of a captive wind project in Rajasthan. The Tribunal...

August 13, 2026

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Bihar Offers Rooftop Solar Subsidy Top-up of ₹10,000/kW Under PM Surya Ghar

The Bihar government has approved additional financial assistance of ₹10,000 (~$105)/kW for residential consumers installing rooftop solar systems under PM Surya Ghar: Muft Bijli Yojana. The state Cabinet approved the Energy Department’s...

August 13, 2026

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Strong Solar Module Demand Drives Insolation Energy’s Q1 Revenue up 105%

Jaipur-based solar module manufacturer Insolation Energy posted revenue of ₹7.41 billion (~$77.6 million) in the first quarter (Q1) of the financial year (FY) 2026-27, up 104.7% year-over-year (YoY), compared to ₹3.62 billion. The increase can be...

August 13, 2026

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Daily News Wrap-Up: DCR Push Triggers a Solar Module Supply Crunch

The widening price gap between Domestic Content Requirement (DCR)-compliant and non-DCR modules is reshaping procurement and investment decisions across India’s solar industry. Higher module prices, constrained domestic cell availability, and longer...

August 13, 2026

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Gujarat Tenders 1 GW/4 GWh Standalone Battery Storage Projects

Gujarat Urja Vikas Nigam (GUVNL) has invited bids to set up 1,000 MW/4,000 MWh of standalone battery energy storage systems (BESS) in the state (Phase-X). The projects will be developed under the build, own, and operate model and connected to...

August 13, 2026

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Solar Plus Storage Cuts Grid Imports and Diesel Use at Maharashtra Firm

A manufacturing facility in Maharashtra has reduced its monthly grid electricity purchases by 11.1% and lowered diesel consumption after integrating a 600 kW/1.2 MWh battery energy storage system (BESS) with its existing 500 kW rooftop solar...

August 13, 2026

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