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

Average Cost of Large-Scale Solar Projects Fell 13% YoY in Q3

The average cost of large-scale solar power projects in India declined by 13.4% year-over-year (YoY) in the third quarter (Q3) of 2023 following the drop in module prices. Large-scale solar system costs fell for the third quarter ...

December 4, 2023

Renewable Energy

REC to Increase Renewable Energy Loan Portfolio from 6% to 30% by FY30: Interview

In an exclusive interview with Mercom India, V K Singh, Director (Projects) at REC Limited, discusses the role the government-owned infrastructure finance company aims to play in achieving India’s ambitious 500 GW renewable ...

November 30, 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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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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SECI Invites Bids for 400 MW Domestically Manufactured Solar Modules

Solar Energy Corporation of India (SECI) 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...

December 4, 2023

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ADB Approves $250 Million Loan for India’s Power Sector Reform

The Asian Development Bank (ADB) has approved a $250 million (~₹20.8 billion) policy-based loan to strengthen India’s power sector, supporting a speedy transition to renewable energy. The Power Sector Reform Program (Subprogram 1), the first...

December 4, 2023

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SJVN Invites Bids to Acquire Land for 200 MW Solar Projects in Assam

SJVN Green Energy, a subsidiary of SJVN, has invited bids to purchase or lease up to 1,000 acres of land in Assam for 28 years to develop 200 MW of solar power projects, including connectivity with the state transmission utility system. The selected...

December 4, 2023

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Daily News Wrap-Up: SJVN’s Tender to Acquire Land for 1 GW Solar Projects

SJVN Green Energy, a subsidiary of SJVN, has invited bids to acquire or lease 4,000 acres of land for 28 years with all statutory clearances, including chain link fencing around the periphery of the land. The objective is to establish connectivity...

December 4, 2023

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Renew Blocks Transmission Capacity for 3.1 GW Renewable Projects in Advance

Independent renewable power producer ReNew has blocked transmission capacity in advance for its 3.1 GW of awarded projects, which are pending power purchase agreements (PPA). At a recent investors’ conference call, ReNew Chairman Sumant Sinha...

December 4, 2023

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SECI Invites Bids for 1.35 GW of ISTS Wind Projects with Greenshoe Option

Solar Energy Corporation of India (SECI) has issued a tender to set up 1.35 GW inter-state transmission system (ISTS)-connected wind power projects (Tranche-XVI) with a 700 MW greenshoe option. The projects will be located in Gujarat (1 GW + 500 MW...

December 1, 2023

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SJVN Green Invites Bids to Acquire Land for 1 GW Solar Projects

SJVN Green Energy, a subsidiary of SJVN, has invited bids to acquire or lease 4,000 acres of land for 28 years with all statutory clearances, including chain link fencing around the periphery of the land. The objective is to establish connectivity...

December 1, 2023

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