Mercom Research Focus
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India Adds 1.3 GW of Rooftop Solar Capacity in 9M 2023

India installed over 1.3 GW of rooftop solar capacity in the first nine months (9M) of the calendar year (CY) 2023, an increase of 12% year-over-year (YoY), according to Mercom India Research’s newly released Q3 2023 Mercom ...

November 30, 2023

Mercom Research Focus

Investments in Indian Solar Sector Drops 22% YoY in Q3

Investments in the Indian solar sector in the third quarter (Q3) of the calendar year (CY) 2023 totaled $1.57 billion (~₹129.86 billion), a 22% year-over-year (YoY) decrease from $2.02 billion (~₹166.29 billion). The figures were ...

December 5, 2023

Other

India Says No to Pledge to Triple Renewables and Phase Down Coal at COP28

India has not endorsed a pledge signed by over 118 countries at the ongoing COP28 summit in Dubai to triple renewable energy capacity by 2030, as doing so would have meant committing to a deal on phasing down coal. India’s stance ...

December 5, 2023

Other

Adani, BHEL, JSW, L&T Among Bidders for Green Hydrogen, Electrolyzer Manufacturing

The Solar Energy Corporation of India’s (SECI) tenders to set up 450,000 metric tons (MT)/annum production facilities for green hydrogen and 1.5 GW of electrolyzer manufacturing capacities across India has received an overwhelming...

December 4, 2023

Latest News

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Month in a Minute: Top Headlines from the Indian Renewable Sector in November 2023

Here is a recap of important headlines from November 2023: In the first nine months of 2023, India has installed 5.6 GW of solar power capacity, marking a ~47% year-over-year (YoY) decrease from 10.5 GW. The utility-scale solar project installations...

December 5, 2023

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Chemicals Manufacturer Sadhana Nitro Chem to Set Up Green Hydrogen Facility

Specialty chemicals manufacturer Sadhana Nitro Chem will set up a green hydrogen facility based on a solar and wind project with a 15-20 MW capacity, primarily for captive use. To fund the solar and wind projects, the company is planning rights...

December 5, 2023

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ADB Approves $200 Million Loan to Enhance Power System Efficiency in Uttarakhand

The Asian Development Bank (ADB) has granted a $200 million loan to enhance the quality, efficiency, and dependability of Uttarakhand’s electricity supply and help the state’s residents transition to the use of clean energy sources. With the...

December 5, 2023

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Western Railways Floats Tender for 1.3 MW Rooftop Solar Projects

The Bhavnagar Division of Western Railways has invited bids to set up 1.3 MW rooftop solar power projects with a net metering facility. The scope of work includes designing, supplying, erecting, testing, and commissioning projects with a minimum 10...

December 5, 2023

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Green Energy Trade at IEX Continues to Dip, 189 MU Traded in November

The Indian Energy Exchange (IEX) traded 189 million units (MU) of green energy during November 2023, a 46.61% year-over-year (YoY) drop from 354 MU. Green energy trade has continued to slide throughout 2023, given the considerable drop in renewable...

December 5, 2023

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Adani Green Energy Secures Follow-on Funding of $1.3 Billion

Adani Green Energy (AGEL) announced a follow-on funding of a $1.36 billion senior debt facility as part of its construction financing framework, enhancing the pool to $3 billion since the initial project financing. The financing will be a key...

December 5, 2023

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Daily News Wrap-Up: SECI’s Tender for 400 MW Solar Modules

Solar Energy Corporation of India has invited bids for manufacturing, testing, packing, forwarding, supplying, and transporting 400 MW domestically manufactured solar modules. The cells used in these modules must be manufactured in India. The last...

December 5, 2023

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Government Invites Bids to Advance Hydrogen Value Chain Technologies

The Department of Science & Technology (DST) has invited proposals to upgrade lab-scale technologies, which are at technology readiness levels (TRL) 3-4, to reach prototypes (TRL 5) and pilot plants (TRL 6) for establishing a complete hydrogen...

December 4, 2023

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