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Shortage of Power Transformers Threatens India’s Solar Expansion

Solar developers are facing longer lead times for power transformers as manufacturing capacity for this key component in large-scale solar projects has failed to keep pace with demand, slowing solar deployment in India. With appro...

June 25, 2024

Mercom Research Focus

Addressing Bottlenecks Critical for Continued Open Access Solar Growth

India’s energy landscape is rapidly evolving, with solar power emerging as a crucial part of the country’s renewable energy mix. Among the various initiatives, open-access solar has shown significant promise. Open acce...

June 20, 2024

Markets & Policy

MNRE Launches Portal to Verify Domestic Content in Solar Cells and Modules

The Ministry of New & Renewable Energy (MNRE) has developed an online portal to ensure the traceability of domestically manufactured solar photovoltaic (PV) cells and modules and to assist in the verification of Domestic Conte...

June 21, 2024

Finance and M&A

Cabinet Approves ₹74 Billion VGF Program for Offshore Wind Projects

The Union Cabinet has approved a Viability Gap Funding (VGF) program with a total outlay of ₹74.53 billion (~$893.34 million) for offshore wind energy projects. The program includes ₹68.53 billion (~$821.43 million) for installing...

June 20, 2024

Latest News

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Daily News Wrap-Up: Govt. Approves ₹136 Billion to Evacuate 9 GW Renewable Power

The Government of India has greenlighted new Interstate Transmission System (ISTS) programs totaling ₹135.95 billion (~$1.63 billion) to evacuate 9 GW of renewable energy from Rajasthan and Karnataka. The first program focuses on the Rajasthan...

June 25, 2024

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NTPC Invites Bids for 1,200 MW ISTS Solar Projects Across India

NTPC has invited bids to set up 1,200 MW interstate transmission system (ISTS)-connected solar power projects anywhere in India. The last date for the submission of bids is July 18, 2024. Bids will be opened on the same day. NTPC will enter into a...

June 25, 2024

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BIS Launches New Standards to Enhance Safety and Quality of EVs

The Bureau of Indian Standards (BIS) has unveiled two standards, IS 18590: 2024 and IS 18606: 2024, aiming to enhance the safety of electric vehicles (EV) across various categories. These new regulations, targeting the EV powertrain, ensure...

June 25, 2024

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Railways Issues Empanelment Tender for Rooftop Solar Projects in Rajasthan

The Ministry of Railways has issued a request for qualification to empanel agencies to implement rooftop solar projects for the Indian Railways in Rajasthan. The scope of work includes the design, procurement, erection of civil and structural works,...

June 24, 2024

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Rajasthan Floats Consultancy Tender to Acquire Land for 2 GW Solar Parks

TREDCO Rajasthan, a joint venture between THDC India and Rajasthan Renewable Energy Corporation, has invited bids to engage consultants to acquire land to develop 2,000 MW ultra mega renewable energy parks in Jaisalmer, Rajasthan, under the Ministry...

June 24, 2024

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Uttar Pradesh Invites Bids for PM Surya Ghar-related Awareness Activities

The Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) has invited bids to select firms for the strategy, planning, and implementation of Information, Education, and Communication (IEC) activities aimed at increasing awareness of...

June 24, 2024

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L&T Wins 185 MW Solar Project with 254 MWh Energy Storage in Bihar

Larsen & Toubro (L&T) has secured an order to build a grid-connected 185 MW solar power project with 254 MWh battery energy storage system (BESS) in Bihar’s Lakshisarai district from the Bihar State Power Generation Company (BSPGCL). The...

June 24, 2024

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BHEL Tenders 1.6 MW Solar Projects for its Facilities in Visakhapatnam

Bharat Heavy Electricals (BHEL) has issued a tender for 1.6 MW solar photovoltaic projects at its Heavy Plates and Vessels Plant in Visakhapatnam, Andhra Pradesh. The project comprises a 1 MW capacity for the factory and 0.6 MW for the township,...

June 24, 2024

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IREDA Raises ₹15 Billion via Bonds, Issue Oversubscribed 2.65 Times

The Indian Renewable Energy Development Agency (IREDA) has raised ₹15 billion (~$179.5 million) through bonds, reflecting strong investor confidence in India’s renewable energy sector. The bond issuance, which included a base issue of ₹5...

June 24, 2024

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