Solar

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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,...

April 29, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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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...

April 29, 2024

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Arjun Joshi

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Manufacturing

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Markets & Policy

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Solar
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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...

April 29, 2024

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Staff

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Solar

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Technology
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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...

April 29, 2024

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Staff

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Markets & Policy

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Rooftop

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Solar
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Bihar Invites Bids for 200 MW Rooftop Solar Projects

Bihar Renewable Energy Development Agency (BREDA) has invited expressions of interest for the empanelment of agencies for grid-connected rooftop solar power projects of...

April 26, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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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...

April 26, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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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...

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CERC Grants Connectivity for 300 MW Solar Project Citing Force Majeure Events

The Central Electricity Regulatory Commission (CERC) relaxed rules, allowing ACME Solar (ACME) to switch the connectivity of its 300 MW solar power project to the land...

April 25, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Hitachi Energy Invests $1.5 Billion to Meet Surging Transformer Demand

Hitachi Energy, a subsidiary of Japan-based conglomerate Hitachi, will ramp up its global manufacturing capacity for transformers with a $1.5 billion investment by 2027,...

April 25, 2024

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Staff

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Manufacturing

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Solar
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RUMSL Issues Tender for 170 MW Solar Project at Neemuch

Rewa Ultra Mega Solar (RUMSL) has issued a request for proposal (RFP) to develop a 170 MW grid-connected ground-mounted solar photovoltaic project in the Neemuch Solar...

April 25, 2024

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Staff

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Solar

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Tenders & Auctions
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US Solar PPA Prices Decline by 1.5% in Q1 2024, Europe Sees Drop of 5%

Following years of fluctuation in the energy market, power purchase agreement (PPA) prices in North America were stable during the first quarter (Q1) of 2024. P25 solar...

April 25, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar

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Wind
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Tata Power, Indian Bank Partner for Residential Rooftop Solar Financing

Tata Power Solar Systems Limited (TPSSL) will partner with the Indian Bank to bolster the adoption of affordable rooftop solar in the residential segment by making...

April 24, 2024

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Staff

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Rooftop

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Solar
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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...

April 24, 2024

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B.S. Nagaraj

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Mercom Research Focus

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Open Access

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Solar
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China Installs 46 GW of Solar Power Capacity in Q1 2024, Up 36% YoY

China installed 45.74 GW of solar power capacity in the first quarter of 2024, a 35.8% year-over-year (YoY) growth, according to the National Energy Administration (NEA)....

April 24, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Project Finance Brief: Origis Secures $136 Million for 75 MW Solar Project

From: Mercom Capital Group Origis Energy, a vertically integrated renewable energy platform and solar project developer, secured a $136 million construction financing...

April 24, 2024

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Staff

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Finance and M&A

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Solar

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