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Solar Industry’s 2024 Budget Wishlist: Tax Cuts, GST Reforms and Fiscal Incentives

With India’s aggressive clean energy push likely to sustain the momentum it has seen in recent years, all eyes are on the Union Budget 2024 to be presented by Finance Minister Nirmala Sitharaman on July 23. Stakeholders in t...

July 19, 2024

Mercom Research Focus

Solar Sector Corporate Funding in 1H 2024 Hits $16.6 Billion, Down 10% YoY

Total corporate funding, including venture capital/private equity (VC) funding, public market, and debt financing, in the solar sector reached $16.6 billion in the first half of 2024, marking a 10% year-over-year (YoY) decrease fr...

July 18, 2024

Energy Storage

Energy Storage in India – Balancing Cost, Renewable Integration and Grid Stability

Affordable energy storage is the key to ensuring renewable energy is reliable and well integrated into the power mix. Energy storage is crucial for maintaining a steady renewable energy supply, ensuring grid stability. Some long-d...

July 19, 2024

Other

Scaling a Competitive Green Hydrogen Market

Green hydrogen is emerging as a crucial solution for decarbonizing industries that are difficult to transition away from fossil fuels. However, its widespread adoption hinges on three key factors: abundant renewable energy sources...

July 18, 2024

Latest News

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GUVNL Invites Bids to Procure Power from 500 MW Wind Projects

Gujarat Urja Vikas Nigam (GUVNL) has issued a request for selection (RfS) from developers to purchase power from 500 MW grid-connected wind power projects in India (Phase VII) with an additional greenshoe option of 500 MW. Bids can be placed for a...

July 19, 2024

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Made-to-Order: The Future of Hybrid Power Projects

India’s renewable energy projects have evolved from standalone solar and wind installations to highly customized hybrid power projects, often incorporating energy storage solutions. Power distribution companies are now analyzing demand...

July 19, 2024

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Sterling and Wilson Swings to Q1 Profit on Strong Domestic EPC Demand

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy, posted a net profit of ₹50 million (~$600,000) in the first quarter of the financial year (FY) 2025, swinging from a net loss...

July 19, 2024

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MNRE Issues Guidelines for Incentives to DISCOMS Under PM Surya Ghar Program

The Ministry of New and Renewable Energy (MNRE) has issued the operational guidelines to implement the PM Surya Ghar: Muft Bijli Yojana for the component ‘Incentive to Power Distribution Companies (DISCOMs). The financial outlay for the incentive...

July 19, 2024

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SJVN Issues Empanelment Tender for Rooftop Solar Projects Under PM Surya Ghar

SJVN has invited expressions of interest to empanel vendors to commission grid-connected rooftop solar power projects on government buildings under PM Surya Ghar: Muft Bijli Yojana. The projects will use capital expenditure and renewable energy...

July 19, 2024

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Daily News Wrap-Up: MNRE Changes CFA Rate for Biomass Pellet Production

The Ministry of New and Renewable Energy has revised the Central Financial Assistance (CFA) rates for biomass pellet manufacturing units under the National Bioenergy Program. The program has been promoting the production of briquettes, pellets, and...

July 19, 2024

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MNRE Revises CFA Rate for Biomass Pellet Manufacturing Units

The Ministry of New and Renewable Energy (MNRE) has revised the Central Financial Assistance (CFA) rates for biomass pellet manufacturing units under the National Bioenergy Program. The program has been promoting the production of briquettes,...

July 18, 2024

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Ride-Hailing Firm MyPickup Secures ₹15 Million in Seed Funding

Electric vehicle (EV) ride-hailing startup MyPickup raised ₹15 million (~$179,293) in seed funding led by Inflection Point Ventures (IPV). MyPickup plans to use the funds to increase its fleet size and efficiency per vehicle and develop an exclusive...

July 18, 2024

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