Mercom Research Focus
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Solar Corporate Funding Drops 23% to $22.3 Billion in 9M 2024

Total corporate funding, including venture capital (VC), public market activity, and debt financing for the solar sector, reached $22.3 billion in the first nine months (9M) of 2024, a 23% decrease from the $28.9 billion raised du...

October 21, 2024

Mercom Research Focus

Reimposition of ALMM Pushes 5 GW of Solar Open Access Projects to 2025

In the first half (1H) of 2024, India added 3.6 GW of solar open access capacity, a 153% increase from the 1.4 GW installed in 1H 2023, according to Mercom’s Q2 2024 India Solar Open Access Market Report. The capacity added ...

October 21, 2024

Mercom Research Focus

Robust Solar Project Pipeline Drives India’s Module Manufacturing Capacity

India added 11.3 GW of solar modules and 2 GW of cell manufacturing capacity in the first half (1H) of 2024, according to Mercom India’s recently released research report, State of Solar PV Manufacturing in India 1H 2024. Th...

October 8, 2024

Solar

SAEL, Rays, Refex, ReNew, Mahindra Win NTPC’s 1.2 GW ISTS Solar Auction

SAEL Industries, Rays Power Infra, Refex Green, ReNew Solar, Illuminate Hybren (Mahindra Susten) have won NTPC’s auction to set up 1,200 MW interstate transmission system (ISTS)-connected solar power projects. SEAL, Rays Power, an...

October 18, 2024

Latest News

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JSW Neo Energy to Acquire 125 MW Wind Energy Projects from Hetero Group

JSW Neo Energy (JSWNEL), a subsidiary of JSW Energy, has decided to acquire three wind energy projects of Hetero Wind Power with a cumulative capacity of 125 MW for an enterprise value of ₹6.3 billion (~$74.93 million). The company recently executed...

October 21, 2024

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GERC Approves Tariffs of ₹3.24-₹3.30/kWh for 832 MW Wind-Solar  Projects

The Gujarat Electricity Regulatory Commission (GERC) has approved the tariff for Gujarat Urja Vikas Nigam Limited (GUVNL’s) 832 MW power procurement from grid-connected wind-solar hybrid power projects (phase II). The total capacity includes base...

October 21, 2024

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NTPC REL Tenders Land and Power Evacuation Package for 600 MW Solar Project

NTPC Renewable Energy (NTPC REL) has invited bids for the land and power evacuation package for a 600 MW interstate transmission system (ISTS)-connected solar project in Dhule, Maharashtra. The last date to submit bids is November 20, 2024. Bids...

October 21, 2024

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PFC Consulting Issues Tender to Evacuate 4.5 GW Renewable Energy in Andhra Pradesh

PFC Consulting has invited bids to select a transmission service provider to set up an inter-state transmission system (ISTS) at Ananthapur-II Renewable Energy Zone (Phase I) in Andhra Pradesh to evacuate an additional 4.5 GW of renewable energy....

October 21, 2024

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Hindustan Zinc to Procure 530 MW Renewable Energy from Serentica

Integrated mining and resources company Hindustan Zinc will procure 530 MW of round-the-clock (RTC) power from Serentica Renewable India’s renewable energy projects under a group captive arrangement. Serentica will supply the power for 25 years. The...

October 21, 2024

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Daily News Wrap-Up: MNRE Plans to Increase Rooftop Solar Vendors to 25,000

The Ministry of New and Renewable Energy (MNRE) is enhancing the number of rooftop solar vendors under the PM Surya Ghar: Muft Bijli Yojana from 8,000 to 25,000. The government has sought to exploit the untapped market potential in the northeastern...

October 21, 2024

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Gujarat Issues Draft Tender for Long Duration 200 MW/1600 MWh BESS

The Gujarat Urja Vikas Nigam (GUVNL) has issued a draft tender to set up  projects of 200 MW/1600 MWh standalone battery energy storage (long duration energy storage) systems in Gujarat under tariff-based competitive bidding (Phase-V). Stakeholders...

October 21, 2024

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Gensol-Matrix to Develop Green Steel Project Using Green Hydrogen

Gensol Engineering has partnered with Matrix Gas & Renewables for a green steel production facility using 100% green hydrogen and employing direct reduced iron (DRI) vertical shaft technology to convert iron ore into sponge iron. The project is...

October 21, 2024

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