Over 10 GW of SECI-Awarded Renewable Capacity Yet to Find Offtakers

POWERGRID Floats Tenders to Evacuate 6 GW of Solar Power from Rajasthan

IRFC Disburses ₹10 Billion Loan to Maharashtra Power Generation Company

WorkOnGrid Raises ₹225 Million to Scale Data Intelligence for Power Utilities

Karnataka Proposes New Rules for Transmission Licenses Under Competitive Bidding

Government Permits Use of Insurance Surety Bonds in Power Project Bids

Funding and M&A Roundup: EnerVenue Secures $300 Million in Series B Funding

Daily News Wrap-Up: Top Utility-Scale Solar Developers in 2025

Project Finance Brief: Dimension Energy Closes $650 Million Financing

NTPC REL Floats EPC Tender for 900 MW Solar Project in Madhya Pradesh


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					</table><p><a href="https://www.grinfra.com/" target="_blank" rel="noopener">G R Infraprojects</a>,  <a href="https://www.eiel.in/" target="_blank" rel="noopener">Enviro Infra Engineers</a>, <a href="https://worldsolar.in/" target="_blank" rel="noopener">Solarworld Energy Solutions</a>, <a href="https://ngsl.co.in/" target="_blank" rel="noopener">NTPC GE Power Services</a>, <a href="https://www.pacedigitek.com/" target="_blank" rel="noopener">Pace Digitek</a>, and <a href="https://enrichenergy.com/" target="_blank" rel="noopener">Enrich Energy</a> have won <a href="https://www.ntpc.co.in/" target="_blank" rel="noopener">NTPC</a>’s auction to set up 2,334 MWh of battery energy storage systems (BESS) at its thermal power stations across Karnataka, Maharashtra, Bihar, Andhra Pradesh, and Telangana (Lot-I).</p>
<p>The tender was issued on September 30, 2025.</p>
<p>G R Infraprojects secured 400 MWh capacity for the Mouda thermal station in Maharashtra. Enviro Infra Engineers secured 480 MWh and 100 MWh for the Kudgi and Ramagundam thermal stations in Karnataka and Telangana, respectively. Solarworld Energy Solutions secured 264 MWh for the Solapur thermal station in Maharashtra.</p>
<p>NTPC GE Power Services secured 400 MWh for the Barh thermal station in Bihar. Pace Digitek and Enrich Energy secured 400 MWh and 290 MWh for the Nabinagar and Simhadri thermal stations in Bihar and Andhra Pradesh, respectively.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/03/NTPC-auction-Re.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-92680 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/03/NTPC-auction-Re.png" alt="'NTPC's Tender for 2,334 MWh Battery Energy Storage Systems at Thermal Power Stations: Auction Winners" width="685" height="408" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/03/NTPC-auction-Re.png 685w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/03/NTPC-auction-Re-300x179.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/03/NTPC-auction-Re-650x387.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/03/NTPC-auction-Re-624x372.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/03/NTPC-auction-Re-600x357.png 600w" sizes="auto, (max-width: 685px) 100vw, 685px" /></a></p>
<p>In addition to installing the energy storage systems, the selected bidders must interconnect them with the thermal power facilities. They must also provide operation and maintenance services for 11 years.</p>
<p>The BESS projects will include battery systems, battery management systems, energy management systems, supervisory control and data acquisition systems, power conversion systems, and inverter-duty transformers.</p>
<p>The energy storage projects will also include 33 kV pooling switchgears, protection systems, communication systems, high and low-tension systems, auxiliary power systems, fire-fighting provisions, remote control and monitoring, and other associated materials and accessories.</p>
<p>NTPC Renewable Energy (NREL) <a href="https://www.mercomindia.com/ntpc-rel-floats-tender-for-100-mwh-vanadium-flow-battery-project" target="_blank" rel="noopener">invited</a> bids for an engineering, procurement, and construction (EPC) package for a 100 MWh vanadium redox flow battery energy storage system (BESS) at Khavda Solar Park in Gujarat.</p>
<p>NREL <a href="https://www.mercomindia.com/ntpc-rel-invites-bids-for-epc-of-250-mw-1-gwh-battery-storage-system" target="_blank" rel="noopener">issued</a> an EPC tender for a grid-connected 250 MW/1,000 MWh BESS at its Bikaner Solar project in Rajasthan.</p>
<p>Earlier this year, NREL <a href="https://www.mercomindia.com/ntpc-rel-floats-epc-tender-for-250-mw-solar-project-with-200-mwh-bess" target="_blank" rel="noopener">invited</a> bids for the engineering, procurement, and construction of a 250 MW solar project with a 50 MW/200 MWh battery energy storage system in Sitapur, Uttar Pradesh.</p>


NTPC Announces 2.3 GWh Energy Storage Auction Winners


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					</table><p>The average system cost of large-scale solar projects <a href="https://www.mercomindia.com/q4-2025-sees-broad-qoq-cost-declines-in-solar-projects" target="_blank" rel="noopener">recorded</a> mixed movements in the fourth quarter of 2025. Projects with Indian modules across technologies posted consistent quarter-over-quarter (QoQ) declines, while projects with Chinese TOPCon modules saw QoQ cost increases.</p>
<p>Pune-based Enrich Energy <a href="https://www.mercomindia.com/enrich-energy-bags-epc-contract-from-ntpc-rel-for-300-mw-solar-project" target="_blank" rel="noopener">bagged</a> an engineering, procurement, and construction (EPC) contract, including land, from NTPC Renewable Energy (NTPC REL) for a 300 MW interstate transmission system-connected solar power project near NTPC Anta, Rajasthan. The tender was initially floated in October 2024 but was retendered in August 2025.</p>
<p>KPI Green Energy, Urdhvaga Renewables India Project (UPC Renewables), Adyant Enersol (Datta Infra), and Lambent Energy (Eight) <a href="https://www.mercomindia.com/kpi-green-urdhvaga-adyant-enersol-lambent-win-sjvns-600-mw-wind-auction" target="_blank" rel="noopener">won</a> SJVN’s auction to set up 600 MW interstate transmission system-connected wind projects. KPI Green, Urdhvaga, and Adyant each quoted a tariff of ₹3.64 (~$0.0398)/kWh to win 300 MW, 120 MW, and 110 MW, respectively. Lambent Energy won 70 MW of the 180 MW quoted capacity under the bucket-filling method at a tariff of ₹3.65 (~$0.0399)/kWh.</p>
<p>Coal India and Onward Solar Power <a href="https://www.mercomindia.com/coal-india-and-onward-solar-win-secis-125-mw-500-mwh-standalone-bess-auction" target="_blank" rel="noopener">won</a> Solar Energy Corporation of India’s auction to set up six standalone battery energy storage systems in Odisha, with a cumulative capacity of 125 MW/500 MWh. Coal India won Cluster I (two projects of 20 MW/80 MWh each), with a total capacity of 40 MW/160 MWh, at ₹304,000 (~$3,326.40)/MW/month.</p>
<p>The sixth edition of Mercom India’s flagship Renewables Summit has been <a href="https://www.mercomindia.com/mercom-indias-renewables-summit-sixth-edition-rescheduled-to-july-1-2-2026/" target="_blank" rel="noopener">rescheduled</a> to July 1-2, 2026, at the Hyatt Regency in New Delhi, from July 9-10. Each year, the Summit convenes policymakers, industry leaders, investors, and technology providers to advance the shared goal of building India’s clean energy future.</p>
<p>The Central Electricity Authority (CEA) <a href="https://www.mercomindia.com/cea-proposes-mandating-prepaid-feature-for-smart-electricity-meters" target="_blank" rel="noopener">proposed</a> amending the Central Electricity Authority (Installation and Operation of Meters) Regulations, 2006, to mandate that all Advanced Metering Infrastructure systems include prepayment functionality and be interoperable with CEA guidelines. Stakeholders can share their objections/suggestions before March 26, 2026.</p>
<p>The Meghalaya State Electricity Regulatory Commission <a href="https://www.mercomindia.com/meghalaya-proposes-rules-for-grid-connected-distributed-renewable-energy" target="_blank" rel="noopener">issued</a> draft regulations to govern grid-interactive Distributed Renewable Energy Systems (DRES) in the state. Stakeholders can submit their comments by March 13, 2026. The draft Meghalaya State Electricity Regulatory Commission (Grid Interactive Distributed Renewable Energy Sources) Regulations, 2026, defines DRES as renewable energy systems with a capacity not exceeding 10 MW and connected to the distribution network at 33 kV or below.</p>
<p>The Central Electricity Regulatory Commission (CERC) <a href="https://www.mercomindia.com/cerc-issues-rules-to-operationalize-carbon-credit-trading-on-power-exchanges" target="_blank" rel="noopener">issued</a> the CERC (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations, 2026, proposing a framework for the purchase and sale of Carbon Credit Certificates under the Carbon Credit Trading Scheme, 2023.</p>
<p>The Gujarat Electricity Regulatory Commission <a href="https://www.mercomindia.com/gerc-approves-tariffs-for-1-665-gw-3-33-gwh-battery-storage-projects" target="_blank" rel="noopener">adopted</a> tariffs in the range of ₹185,390 (~$2,034)/MW to ₹189,000 (~$2,074)/MW per month discovered under the competitive bidding process conducted by Gujarat Urja Vikas Nigam for the procurement of power from 2 GW/4 GWh standalone battery energy storage systems under Phase VII.</p>
<p>The Rajasthan government <a href="https://www.mercomindia.com/rajasthan-mandates-phase-balancing-for-rooftop-solar-systems" target="_blank" rel="noopener">directed</a> distribution companies to ensure that all single-phase rooftop solar systems are commissioned after conducting proper phase balancing at the distribution transformer level. The government said that allocation of rooftop solar connections must be made on the least-loaded phase, and periodic phase re-shuffling must be carried out.</p>
<p>Jharkhand Renewable Energy Development Agency <a href="https://www.mercomindia.com/jharkhand-floats-epc-tender-for-setting-up-9mw-solar-project" target="_blank" rel="noopener">issued</a> an engineering, procurement, and construction request for proposal to set up a 9 MW solar project on government land in Palamu district. Bids must be submitted by March 20, 2026. Bids will be opened on March 24.</p>
<p>The Tamil Nadu Green Energy Corporation <a href="https://www.mercomindia.com/tamil-nadu-invites-bids-for-20-mw-rooftop-solar-projects-on-government-buildings" target="_blank" rel="noopener">invited</a> bids to set up 20 MW of grid-connected rooftop solar projects on government buildings under the renewable energy service company model. The projects will be installed across four districts: Chennai, Chengalpattu, Kanchipuram, and Tiruvallur.</p>
<p>The Municipal Corporation of Ludhiana <a href="https://www.mercomindia.com/ludhiana-municipality-invites-bids-for-ev-charging-stations-battery-swap-points" target="_blank" rel="noopener">invited</a> bids from central and state public-sector undertakings to supply, install, operate, and maintain electric-vehicle charging stations (EVCS) and battery-swap points under a public-private-partnership model. The last date to submit bids is March 19, 2026. Bids will be opened on March 20.</p>
<p>Bengaluru-based SJS Enterprises will <a href="https://www.mercomindia.com/sjs-enterprises-to-procure-power-from-db-renews-27-mw-wind-project" target="_blank" rel="noopener">procure</a> up to 3.6 million units of power annually from DB Renews’ 27 MW wind power project in Belagavi district, Karnataka. DB Renews is Doddanavar Global Energy’s subsidiary. The project consists of 10 wind turbine generators, each with a capacity of 2.7 MW.</p>
<p>U.S.-based energy storage solutions provider Eos Energy Enterprises <a href="https://www.mercomindia.com/subassembly-automation-drives-eos-energys-revenue-up-700-in-q4-2025" target="_blank" rel="noopener">reported</a> revenue of $58 million in the fourth quarter of 2025, up 699.6% year-over-year from $7.25 million in the previous year. The revenue, however, fell short of analysts’ estimate of $95.7 million.</p>
<p>U.S.-based residential solar and battery storage provider Sunrun <a href="https://www.mercomindia.com/sunrun-q4-revenue-up-123-on-strong-sales-growth-beats-analysts-estimates" target="_blank" rel="noopener">reported</a> a revenue of $1.16 billion for the fourth quarter of 2025, an increase of 123.5% from $518.5 million in the same quarter of the previous year. Revenue exceeded analysts’ estimates of $602.7 million.</p>
<p>China-based photovoltaic-grade polysilicon manufacturer Daqo New Energy Corporation <a href="https://www.mercomindia.com/lower-sales-restrict-daqos-q4-2025-revenue-growth-loss-narrows" target="_blank" rel="noopener">reported</a> revenue of $221.71 million in the fourth quarter, up 13.5% year-over-year from $195.36 million, but missed analysts’ expectations by $55.23 million. Revenues were significantly affected by a decline in sales volumes.</p>
<p>Clean energy finance across clean power, fuels, and manufacturing in the U.S. <a href="https://www.mercomindia.com/clean-energy-finance-hits-120-billion-in-2025-in-the-u-s-amid-selective-capital-flows" target="_blank" rel="noopener">hit</a> $120 billion in 2025, according to the Crux “2025 Market Intelligence Report.” The financing included pre-notice-to-proceed capital, bridge lending, and construction debt, representing a 5.8% increase over 2024.</p>
<p>Global wind turbine firm order intake <a href="https://www.mercomindia.com/global-wind-turbine-orders-reached-215-gw-in-2025-report" target="_blank" rel="noopener">reached</a> 215 GW in 2025, the second-highest annual total on record, according to a report by Wood Mackenzie. Total order volume fell 8% year-over-year, primarily due to slower demand in China as developers focused on executing prior orders.</p>


Daily News Wrap-Up: Wide Cost Declines in Solar Projects in Q4 2025


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					</table><p>Pune-based <a href="https://enrichenergy.com/" target="_blank" rel="noopener">Enrich Energy</a> has bagged an engineering, procurement, and construction (EPC) contract, including land, from NTPC Renewable Energy (NTPC REL) for a 300 MW interstate transmission system (ISTS)-connected solar power project near NTPC Anta, Rajasthan.</p>
<p>The tender was initially <a href="https://www.mercomindia.com/ntpc-rel-tenders-epc-solar-project-in-rajasthan/" target="_blank" rel="noopener">floated</a> in October 2024 but was retendered in August 2025.</p>
<p>Enrich is responsible for the identification, acquisition, and transfer of encumbrance-free land in favor of NTPC REL, followed by design, engineering, manufacturing, supply, installation, testing, and commissioning of the solar project.</p>
<p>The project must be commissioned within 24 months of the date of award.</p>
<p>The scope also includes the complete power evacuation system up to the NTPC Anta 220 kV switchyard, the development of a new 220 kV bay, the extension of the 220 kV bus, and the construction of the dedicated transmission line, including the right of way.</p>
<p>The scope further includes operation and maintenance of the complete solar project, including the switchyard and evacuation system up to the NTPC Anta substation, for three years from the date of commissioning.</p>
<p>In addition, Enrich must undertake all grid compliance works, including reactive power compensation, harmonics control, CCTV systems, telemetry up to the ISTS pooling substation through NTPC Anta, performance testing to demonstrate guaranteed generation, and the supply of mandatory spares.</p>
<p>It is also responsible for obtaining all agreements, statutory approvals, and clearances related to the project, including those for power evacuation and grid connectivity, environmental requirements, and approvals from relevant central and state authorities.</p>
<p>NTPC REL plans to fund this package through its resources or borrowings.</p>
<p>In January this year, NTPC Green Energy <a href="https://www.mercomindia.com/ntpc-green-tenders-epc-package-with-land-for-100-mw-agri-pv-projects/" target="_blank" rel="noopener">invited</a> bids for the EPC package, including land, for up to 100 MW of agricultural photovoltaic projects.</p>
<p>Subscribe to Mercom’s <a href="https://www.mercomindia.com/product/india-solar-tender-tracker" target="_blank" rel="noopener">India Solar Tender Tracker</a> to stay on top of real-time tender and auction activity.</p>


Enrich Energy Bags EPC Contract from NTPC REL for 300 MW Solar Project

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