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Without ISTS Waiver Extension, India’s 2030 Renewable Energy Goals Will Be at Risk

With just over two months to go before the interstate transmission system (ISTS) charges waiver ends, the Indian renewable energy project developers are keeping their fingers crossed for an extension. The ISTS-charges waiver will ...

April 25, 2025

Mercom Research Focus

Energy Storage Funding Declines Sharply in Q1 2025

Corporate funding for energy storage companies, including venture capital (VC), debt, and public market financing, totaled $2.2 billion across 31 deals in Q1 2025, according to Mercom Capital Group’s newly released Q1 2025 Funding...

April 25, 2025

Markets & Policy

Solar Corporate Funding in Q1 2025 Declines 41% as Uncertainty Weighs on Market

The solar companies secured $4.8 billion corporate funding in 39 deals in the first quarter (Q1) of 2025, a 41% year-over-year (YoY) decrease from $8.2 billion raised in 42 deals. However, funding increased 20% quarter-over-quarte...

April 21, 2025

C&I

Delhi’s Uttara Guruvayurappan Temple Turns Green with 80 kW Rooftop Solar System

Religious institutions across India are increasingly turning to solar energy to meet their energy needs and showcase their commitment to cutting down their carbon footprint. One of the more recent examples is the Uttara Guruvayura...

April 23, 2025

Latest News

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Sterling and Wilson’s Q4 FY 2025 Revenue Highest-Ever, Order Book Swells

Sterling and Wilson Renewable Energy (SWREL), the engineering, procurement, and construction (EPC) arm of the Shapoorji Pallonji Group, recorded its highest-ever quarterly revenue of ₹25.19 billion (~$296.35 million) in the fourth quarter (Q4) of...

April 25, 2025

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Trading Volume Surge Pushes IEX Revenue Up 17% in Q4 FY 2025  

Indian Energy Exchange (IEX) reported a consolidated profit after tax of ₹1.17 billion (~$13.7 million) in the fourth quarter (Q4) of the financial year (FY) 2025, a 21.1% increase year-over-year (YoY) from ₹967 million (~$11.3 million)....

April 25, 2025

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RECPDCL Invites Bids to Evacuate 3.7 GW Power from Pumped Storage Projects

REC Power Development and Consultancy (RECPDCL) has invited bids to develop an interstate transmission system to evacuate power from Pumped Storage Projects (PSPs) in Sonbhadra district, Uttar Pradesh, under a build, own, operate, and transfer model....

April 25, 2025

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Central Electronics Invites Bids for 200 MW Solar Module Plant

The Central Electronics (CEL), a Ministry of Science and Technology undertaking, has floated a tender to set up a 200 MW solar module manufacturing line in Sahibabad, Uttar Pradesh. The last date to submit bids is May 14, 2025. Bids will be opened...

April 25, 2025

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Daily News Wrap-Up: Karnataka Announces Open Access Regulations 2025

The Karnataka Electricity Regulatory Commission issued the Karnataka Electricity Regulatory Commission (Terms and Conditions for Open Access) Regulations, 2025. This regulation follows the Karnataka High Court’s decision to strike down the previous...

April 25, 2025

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MERC Orders Arbitration to Resolve Delayed 500 MW Solar Project Dispute

The Maharashtra Electricity Regulatory Commission (MERC) has directed the Maharashtra State Electricity Distribution Company (MSEDCL) and the Braithwaite Nacof Solar Project (Braithwaite) to resolve a power purchase agreement (PPA) dispute through...

April 25, 2025

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NTPC REL Invites Bids for a 2 MW Green Hydrogen Electrolyzer

NTPC Renewable Energy (NTPC REL) invited bids to set up a 2 MW green hydrogen generation system/electrolyzer for a green hydrogen mobility project at Sipat, Chhattisgarh. The last date to submit bids is May 7, 2025. Bids will be opened on May 8....

April 25, 2025

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China Adds 60 GW of Solar Capacity in Q1 2025

China added 59.71 GW of solar power capacity in the first quarter (Q1) of 2025, a 30.54% year-over-year (YoY) growth from 45.74 GW. The country’s cumulative installed solar power capacity reached 950 GW as of March 2025. According to China’s...

April 25, 2025

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