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Burdensome Regulations and Delays Jeopardize Telangana’s Solar Open Access Projects

At a time when solar open-access installations are gaining traction across the country, developers with small-capacity projects in Telangana say the inordinate delay in adhering to regulatory frameworks by distribution companies (...

April 24, 2024

Mercom Research Focus

Solar Sector Records 81% Drop in VC Funding in Q1, Corporate Funding Down by 4%

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised in 42 deals during the same period in 2023. However, there wa...

April 22, 2024

Mercom Research Focus

Corporate Funding in Energy Storage Sector Surges Five-Fold to $11.7 Billion in Q1

The global energy storage sector witnessed a 432% increase year-over-year (YoY) in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in 27 deals. The findings were published in Mercom Capital̵...

April 26, 2024

Markets & Policy

US Solar Manufacturers File Trade Petition Against Solar Imports From Southeast Asia

In a significant move aimed at protecting the burgeoning U.S. solar manufacturing sector, the American Alliance for Solar Manufacturing Trade Committee has filed anti-dumping and countervailing duty petitions against solar imports...

April 26, 2024

Latest News

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NTPC Renewable Energy Floats EPC Tender for 260 MW Solar Project in Rajasthan

NTPC Renewable Energy has invited bids for the engineering, procurement, and construction (EPC) package for a 260 MW grid-connected solar power project in Bikaner, Rajasthan. The scope of work includes design, engineering, manufacturing, supply,...

April 29, 2024

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DVC Invites Bids for Land Survey for Solar Project in Jharkhand

Damodar Valley Corporation (DVC) has invited bids for demarcating the boundary of land owned by it near Barhi, Hazaribagh district, Jharkhand, and conducting a topographical survey and geotechnical investigation to establish a ground-mounted solar...

April 29, 2024

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AdaniConneX Raises $1.44 Billion in Green Financing for Data Centers

AdaniConneX, a data center solutions provider and a joint venture between Adani Enterprises and EdgeConneX, has established sustainability-linked financing to raise $1.44 billion to fund its renewable-powered data centers and enable digital...

April 29, 2024

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BluPine Energy Secures ₹4.18 Billion for 120 MW Solar Project in Gujarat

Renewable energy company BluPine Energy has secured the debt financing of ₹4.18 billion (~$50.1 million) from HDFC Bank for its 120 MW solar power project in Sadla, Gujarat. The company won the project in Gujarat Urja Vikas Nigam’s (GUVNL) auction...

April 29, 2024

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India to Become Third-Largest Market for Utility-Scale Batteries by 2030: IEA

India could become the world’s third largest market for utility-scale batteries, with capacity additions expected to rise to 9 GW by 2030, fuelled by the cost competitiveness of solar photovoltaics (PV) coupled with battery storage, according...

April 29, 2024

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Daily News Wrap-Up: Corporate Funding in Energy Storage Sector Up 432% in Q1

The global energy storage sector witnessed a 432% increase year-over-year in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in 27 deals. The findings were published in Mercom Capital’s recently released Q1 2024...

April 29, 2024

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Global Solar Manufacturing Capacity Set to Expand to Over 1.3 TW by 2028

Global solar manufacturing capacity under construction indicates an increase of 330 GW in 2023 to almost 800 GW – triple the 2021 level, according to the International Energy Agency (IEA). This surplus in capacity is projected to more than double...

April 29, 2024

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Researchers Develop Fast-Charging Sodium Battery

Researchers have developed a high-energy, high-power hybrid sodium-ion battery that could be a viable alternative to lithium-ion batteries. Led by Jeung Ku Kang, a team from the Korea Advanced Institute of Science and Technology (KAIST) and Lawrence...

April 29, 2024

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SunPower to Shutter Residential Solar Direct-Sales Units, Axe 1,000 Jobs in the US

U.S.-based solar firm SunPower Corp will wind down its SunPower Residential Installation (SPRI) locations, close SunPower Direct sales, and reduce its workforce by about 1,000 employees to rein in costs, according to an internal memo. “I’m writing...

April 29, 2024

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SJVN’s Heat and Power Generating Green Hydrogen Project Starts Operation

SJVN has started the commercial operation of its multi-purpose (combined heat and power) green hydrogen pilot project at its 1.5 GW Nathpa Jhakri hydropower project in Himachal Pradesh. The project will generate electricity through its 25-kW fuel...

April 26, 2024

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