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Urgent Measures Needed as DCR Module Shortage Slows PM Surya Ghar Progress 

When the PM Surya Ghar Muft Bijli Yojana was launched, it carried a bold promise. The goal was to help 10 million Indian households become prosumers through rooftop solar systems by March 2027.   However, over a year into its roll...

May 16, 2025

Mercom Research Focus

Indian Solar Companies Eye Export Gains As US Slaps Steep Tariffs on Southeast Asia

The 90-day pause on reciprocal trade tariffs between the U.S. and China may temporarily dampen prospects for Indian solar exporters, but the heavy U.S. import duties on Southeast Asian solar products present a significant opportun...

May 14, 2025

Mercom Research Focus

Solar’s Share in India’s Renewable Energy Capacity Increases to 47.6% in Q1 2025

Solar power accounted for 22% of India’s total installed power capacity and 47.6% of the total installed renewable energy capacity at the end of the first quarter (Q1) of the calendar year 2025. The share of solar power in the tot...

May 14, 2025

C&I

A New Business Model for Ground-Mounted Solar at the Grassroots

The Ratnagiri Zilla Parishad in Maharashtra was incurring a steep electricity bill of ₹91.6 million (~$1.07 million) a year on powering streetlights that the 846 gram panchayats had to pay. Last year, the local body hit upon a rev...

May 14, 2025

Latest News

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RECPDCL Invites Bids for Transmission System Augmentation in Karnataka

REC Power Development and Consultancy (RECPDCL) has invited bids to establish an interstate transmission system (ISTS) in Davanagere and Chitradurga, Karnataka, to integrate renewable energy generation. The project will be executed on a build, own,...

May 16, 2025

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ReNew to Set Up 2.8 GW Hybrid Renewable Energy Project in Andhra Pradesh

ReNew Energy Global (ReNew), a decarbonization solutions company, has announced it will invest approximately ₹220 billion (~$2.5 billion) to set up a hybrid renewable energy project in the Anantapur district of Andhra Pradesh. The project would have...

May 16, 2025

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Tata Power’s Hits Record Revenue of ₹645 Billion in FY 2025 on Higher Sales

Tata Power, an integrated power company, reported a profit after tax (PAT) of ₹13.06 billion (~$152 million) in the fourth quarter (Q4) of the financial year (FY) 2025, a 25% year-over-year (YoY) growth from ₹10.46 billion (~$122.3 million). The...

May 16, 2025

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Daily News Wrap-Up: MNRE Clarifies Solar Cell Enlistment in the ALMM

The Ministry of New and Renewable Energy issued clarifications on solar cells’ enlistment in the Approved List of Models and Manufacturers (ALMM). The Ministry clarified that it would treat potential induced degradation (PID) and non-PID cells as...

May 16, 2025

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US and Europe PPA Prices for Solar and Wind Stable in Q1 2025

Power purchase agreement (PPA) prices for renewable energy remained largely stable across North America in the first quarter (Q1) of 2025, according to a report by LevelTen. The report said that PPA prices for solar energy increased marginally by 1%....

May 16, 2025

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Nextracker Beats Revenue and EPS Expectations in Q4 FY 2025

U.S.-based solar tracker firm Nextracker has reported a revenue of $924.34 million in the fourth quarter (Q4) of the fiscal year (FY) 2025, a 25% year-over-year (YoY) growth from $736.51 million. The revenue exceeded analysts’ expectations by...

May 16, 2025

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Romania Announces Auction for 3.4 GW Solar and Wind Projects

The Romanian Ministry of Energy has announced the second auction under the State Aid Scheme through contracts for difference (CfD) to increase renewable energy production from onshore wind and solar sources. The auction is for a capacity of 3,472 MW,...

May 16, 2025

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Power Distribution Businesses Drive Torrent’s Net Profit Up 142% in Q4

Gujarat-based power company Torrent Power’s total comprehensive income jumped by 142% year-over-year (YoY) in the fourth quarter (Q4) of the financial year (FY) 2025 to ₹10.85 billion (~$127.12 million) from ₹4.48 billion (~$52.48 million). Torrent...

May 15, 2025

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NLC India Floats EPC Tender for 5 MW Solar Projects in Three States

NLC India has invited bids for the engineering, procurement, and construction (EPC) of grid-connected solar projects with a cumulative capacity of 5 MW. The total capacity is divided into a 4 MW rooftop and a 1 MW floating solar component. Bids must...

May 15, 2025

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