Mercom Research Focus
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Corporate Funding in the Solar Sector Dropped 24% YoY in 2024

Global corporate funding in the solar sector in 2024 reached $26.3 billion, a 24% year-over-year (YoY) decline from $34.4 billion, according to Mercom’s Annual and Q4 2024 Solar Funding and M&A Report. There were 157 deals in ...

January 21, 2025

Mercom Research Focus

Financial Incentives, Policy Support Top Solar Industry’s 2025 Budget Wishlist

As India’s renewable energy sector continues to grow, the spotlight is on Finance Minister Nirmala Sitharaman as she prepares to present the Union Budget 2025. As India strives to achieve its ambitious target of 500 GW renew...

January 21, 2025

Markets & Policy

Karnataka Issues Draft Open Access Regulations 2025

The Karnataka Electricity Regulatory Commission (KERC) has released the draft Karnataka Electricity Regulatory Commission (Terms and Conditions for Open Access) Regulations, 2025. Stakeholders can submit their comments and suggest...

January 20, 2025

Markets & Policy

Andhra Pradesh High Court Rules Solar Projects Liable for 5% GST

The Andhra Pradesh High Court has held that a solar power project does not qualify as a ‘works contract’ taxable at 18% goods and services tax (GST); instead, it is a ‘composite supply’ and a moveable prope...

January 15, 2025

Latest News

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REIL Floats Rate Contract Tender for 17.55 MW Rooftop Solar Projects

Rajasthan Electronics and Instruments (REIL) has invited bids for rate contracts for rooftop solar power projects of a total capacity of 17.55 MW on government buildings in 22 states/union territories. The last date to submit bids is February 10,...

January 21, 2025

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NHPC Invites Bids for 39.73 MW Rooftop Solar Projects in Sikkim and J&K

NHPC has issued tenders for a cumulative capacity of 39.73 MW grid-connected rooftop solar projects under the renewable energy service company mode in Sikkim and Jammu and Kashmir. Sikkim (5.06 MW) Selected bidders under this tender must install 5....

January 21, 2025

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US ITC Rules Voltage Not Guilty in Patent Infringement Case   

The U.S. International Trade Commission (ITC) has terminated an investigation into the global provider of utility-scale wire (solar, electrical balance of systems) solutions company Voltage’s patent infringement through its LYNX trunk bus solution....

January 21, 2025

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MERC Approves Tariff for Procuring 13 MW Wind-Solar Hybrid Power

Maharashtra Electricity Regulatory Commission (MERC) has approved Maharashtra State Electricity Distribution Company’s (MSEDCL) proposed tariff of ₹3.60 (~$0.042)/kWh to procure 13 MW of wind-solar hybrid power for 25 years. Background MSEDCL...

January 21, 2025

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Uttar Pradesh Floats EoI for 2 GW Solar Power Projects

Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited expressions of interest (EoI) to set up 2 GW of solar power projects in the Chitrakoot, Jalaun, Jhansi, and Lalitpur districts in Uttar Pradesh. The last date to submit...

January 21, 2025

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Daily News Wrap-Up: MERC Allows Deviations in Adani’s 1 GW Power Procurement

The Maharashtra Electricity Regulatory Commission (MERC) approved Adani Electricity Mumbai Limited’s (AEML-D) deviations to procure 1,500 MW of power from renewable and non-renewable sources. The Commission directed AEML to modify the bid document....

January 21, 2025

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MENA Roundup:  UAE’s Masdar Launches 1 GW Clean Energy Project

UAE state-owned renewable energy firm Masdar launched a $ 6 billion 1 GW solar energy facility with battery storage. The project is expected to start operations by 2027. Sultan Al Jaber, Chief Executive of Abu Dhabi National Oil Company and the UAE...

January 21, 2025

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US Announces $6 Billion Tax Credits for Advanced Energy Projects

The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) have allocated $6 billion in tax credits for the second round of the Inflation Reduction Act’s (IRA) 48C Qualifying Advanced Energy Project Tax Credit program....

January 21, 2025

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