SECI Announces Winners of 6 GWh Peak Power Supply Auction

IREDA’s Q1 Revenue Up 15% on Higher Loan Interest Accruals

ABRen Secures $1.6 Billion from MUFG to Fund Sprng Energy Acquisition

Coal India Seeks ₹7 Billion Term Loan for 750 MWh Battery Storage Project

GMIDC Tenders 150 MW Floating Solar Plus 150 MWh Battery Storage Project

GAIL Invites Bids to Augment 5 MW Solar Project in Rajasthan

PFC Consulting Awards Project to Evacuate 14 GW of Renewables in Gujarat

PFC Consulting Tenders Transmission Project for 400 kV Substation in Rajasthan

Grid India Issues New Procedure for Secure Operation of National Grid

Madhya Pradesh Lays Out Banking SOP for Green Energy Open Access Consumers


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2026/08/amazon_polly_103085.mp3?version=1786688376">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>India <a href="https://www.mercomindia.com/india-adds-record-27-gw-of-solar-capacity-in-first-half-of-2026" target="_blank" rel="noopener">added</a> a record 27 GW of solar capacity in the first half (1H) of the calendar year 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 Update. India installed nearly 12 GW of solar capacity in the second quarter (Q2) of 2026, making it the second-highest quarterly addition on record.</p>
<p>India’s nascent floating solar market has <a href="https://www.mercomindia.com/indias-floating-solar-hinges-more-than-subsidies" target="_blank" rel="noopener">struggled</a> to scale amid high project costs, complex reservoir engineering, fragmented water-surface allocation, and limited technical standards. The ₹50.7 billion (~$530.20 million) Pradhan Mantri Surya Sarovar Yojana, recently approved by the Union Cabinet, could lower one of the biggest barriers – cost.</p>
<p>The Bihar government <a href="https://www.mercomindia.com/bihar-offers-rooftop-solar-subsidy-top-up-of-%E2%82%B910000-kw-under-pm-surya-ghar" target="_blank" rel="noopener">approved</a> 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 proposal to provide an additional subsidy in addition to the financial assistance available from the central government.</p>
<p>The Odisha government <a href="https://www.mercomindia.com/odisha-amends-renewable-energy-policy-to-support-wind-storage" target="_blank" rel="noopener">announced</a> 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 the amendments to the Odisha Renewable Energy Policy, 2022, approved by the Odisha Cabinet.</p>
<p>The Appellate Tribunal for Electricity <a href="https://www.mercomindia.com/aptel-upholds-capacity-based-wheeling-charges-for-captive-wind-project" target="_blank" rel="noopener">upheld</a> Ajmer Vidyut Vitran Nigam’s decision to levy wheeling charges based on the higher of contracted or utilized open access capacity of a captive wind project in Rajasthan,</p>
<p>A manufacturing facility in Maharashtra <a href="https://www.mercomindia.com/solar-plus-storage-cuts-grid-imports-and-diesel-use-at-maharashtra-firm" target="_blank" rel="noopener">reduced</a> 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 installation. The BESS project at Western Metal Industries’ facility in Pune integrates rooftop solar, battery storage, grid supply, and diesel generation through an energy management system developed by Harmonizer Energy.</p>
<p>The Godavari Marathwada Irrigation Development Corporation <a href="https://www.mercomindia.com/maharashtra-invites-eois-for-115-mw-floating-solar-project-with-battery-storage" target="_blank" rel="noopener">invited</a> expressions of interest to develop a 115 MW floating solar project with a co-located battery energy storage system in Maharashtra. The last date to submit bids is September 2, 2026. Bids will be opened on September 4.</p>
<p>Rajasthan Renewable Energy Corporation <a href="https://www.mercomindia.com/rajasthan-floats-consultancy-tender-for-45-mw-renewable-energy-projects" target="_blank" rel="noopener">invited</a> bids to select an agency to prepare detailed project reports for 45 MW of renewable energy projects in the state. The projects will have indicative capacities of 30 MW at Mathania in Jodhpur district and 15 MW at Phalodi. The last date to submit bids is August 24, 2026. Bids will be opened on August 25.</p>
<p>Gujarat Urja Vikas Nigam <a href="https://www.mercomindia.com/gujarat-tenders-1-gw-4-gwh-standalone-battery-storage-projects" target="_blank" rel="noopener">invited</a> bids to set up 1,000 MW/4,000 MWh of standalone battery energy storage systems in the state (Phase-X). The last date to submit bids online is September 14, 2026. Bids will be opened on September 18.</p>
<p>Motilal Oswal Group <a href="https://www.mercomindia.com/inox-clean-raises-billion-motilal-oswal-group" target="_blank" rel="noopener">committed</a> ₹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 convertible debentures.</p>
<p>Jaipur-based solar module manufacturer Insolation Energy <a href="https://www.mercomindia.com/strong-solar-module-demand-drives-insolation-energys-q1-revenue-up-105" target="_blank" rel="noopener">posted</a> revenue of ₹7.41 billion (~$77.6 million) in Q1 of the financial year 2026-27, up 104.7% YoY compared to ₹3.62 billion.</p>


Daily News Wrap-Up: India Adds 27 GW of Solar in 1H 2026


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2026/07/amazon_polly_102303.mp3?version=1785927005">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana, a ₹50.7 billion (~$530.20 million) program to develop 5 GW of floating solar projects with co-located energy storage systems across India.</p>
<p>The program requires floating solar projects to include energy storage capacity of at least 2 hours, translating to a minimum cumulative storage capacity of 10 GWh.</p>
<p>Projects will be sanctioned from the financial year (FY) 2027 through FY 2031. Financial support will be provided through FY 2033.</p>
<p>The Cabinet approval follows an <a href="https://mercomindia.com/india-identifies-over-102-gw-floating-solar-potential" target="_blank" rel="noopener">assessment</a> by the National Institute of Solar Energy (<a href="https://nise.res.in/" target="_blank" rel="noopener">NISE</a>), which estimated India’s floating solar potential at approximately 102.18 GWp across reservoirs and other suitable inland water bodies.</p>
<p>In February 2026, the Ministry of New and Renewable Energy <a href="https://www.mercomindia.com/mnre-tells-states-to-identify-sites-for-floating-solar-project-development" target="_blank" rel="noopener">sought</a> feedback from the states on the draft reports prepared by the NISE and the Indian Institute of Technology Roorkee on the potential of floating solar and the policy framework.</p>
<p>Under the program, eligible floating solar projects will receive central financial assistance of ₹10 million (~$104,618)/MW after successful commissioning.</p>
<p>The government will also provide financial assistance of up to ₹5 million (~$52,309) per project for feasibility studies and preparatory work. These activities may include bathymetric and hydrographic assessments, environmental studies, and other measures to reduce project development risks.</p>
<p>India currently has approximately 700 MW of floating solar capacity and aims to reach 5 GW through projects developed on reservoirs and industrial ponds.</p>
<p>The government said floating solar projects could use existing water bodies and reduce competition for land and added that integrating energy storage with the projects could support grid reliability.</p>
<p>The program is also expected to create between 16,000 and 17,000 full-time equivalent jobs across the project value chain.</p>
<p>The government said the program would encourage the development of domestic manufacturing of flotation systems, solar cells, modules, and energy storage systems.</p>
<p>According to data from the Mercom India Renewable Energy Project Tracker dashboard, India’s floating solar project pipeline now <a href="https://www.mercomindia.com/daily-news-wrap-up-indias-floating-solar-pipeline-exceeds-1-gw" target="_blank" rel="noopener">exceeds</a> 1 GW, and cumulative commissioned capacity is also approaching the same level.</p>


Cabinet Clears ₹50 Billion PM Surya Sarovar Floating Solar-Storage Program

pradhan-mantri-surya-sarovar-yojana

Get the most relevant India solar and clean energy news.

RECENT POSTS