Mercom Research Focus
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Adani Green, ReNew and O2 Power Top Utility-Scale Solar Developers in 1H 2024

Adani Green Energy, ReNew, O2 Power, ACME Solar, and NTPC Renewable Energy emerged as the top utility-scale solar project developers in the first half (1H) of the calendar year (CY) 2024, according to Mercom’s newly released...

November 12, 2024

Mercom Research Focus

Solar’s Share in India’s Installed Power Capacity Rises to 20% in Q3

India’s installed power capacity was 450.7 GW as of September 2024. Renewable energy accounted for 44.3% of the country’s power capacity mix, with 199.5 GW installed at the end of Q3 2024, according to data from the Ce...

November 11, 2024

Mercom Research Focus

India’s Solar Power Generation in Q3 2024 Hit 32 BU, up 17.9% YoY

In the third quarter (Q3) of the calendar year 2024, solar power generation in India was approximately 32 billion units (BU), up 17.9% year-over-year (YoY). The country’s solar energy generation has steadily increased over t...

November 8, 2024

Mercom Research Focus

Companies Dominating the Indian Solar Market in 1H CY 2024

The latest Mercom India Solar Market Leaderboard for 1H 2024 showcases the leading companies dominating the solar sector in the first half (1H) of the calendar year (CY) 2024. The report covers market share rankings and provides a...

November 5, 2024

Latest News

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GERC Approves Tariffs for 259 MW Solar Projects Under KUSUM

The Gujarat Electricity Regulatory Commission (GERC) has approved tariffs for 101 solar power projects of Paschim Gujarat Vij Company (PGVCL) with a total capacity of 259 MW under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan...

November 13, 2024

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High Court Clears Hurdles in Privatization of Chandigarh DISCOM

The Punjab and Haryana High Court has cleared the decks for the privatization of electricity services in the Union Territory (UT) of Chandigarh, maintaining that it is not within the judiciary’s domain to decide whether a public policy is wise...

November 13, 2024

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IndiGrid, BII and Norfund to Launch $300 Million Platform for BESS Projects

IndiGrid, British International Investment (BII), and the Norwegian Climate Investment Fund managed by Norfund have launched EnerGrid, a $300 million platform focusing on developing greenfield transmission and standalone Battery Energy Storage...

November 13, 2024

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Odisha Floats EPC Tender for 50 MW Solar Project

Odisha Power Generation Corporation (OPGC) has invited bids for the engineering, procurement, and construction (EPC) of a 50 MW solar power project on earth-capped ash pond-B at IB Thermal Power Station in Banharpalli, Odisha. The contractor must...

November 13, 2024

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Daily News Wrap-Up: Top Utility-Scale Solar Developers in 1H 2024

Adani Green Energy, ReNew, O2 Power, ACME Solar, and NTPC Renewable Energy emerged as the top utility-scale solar project developers in the first half of the calendar year 2024, according to Mercom’s newly released India Solar Market Leaderboard 1H...

November 13, 2024

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Enphase to Pare Jobs by 17%, Focus on Manufacturing in India, US and China

Microinverter and battery storage supplier Enphase Energy has unveiled a restructuring plan to align its workforce and cost structure with current market conditions and strategic priorities. The plan is in response to ongoing economic challenges in...

November 13, 2024

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Funding and M&A Roundup: Glint Solar Raises $8 Million in Series A Funding

From: Mercom Capital Group Glint Solar, a company that provides software for solar developers, raised $8 million in a Series A funding round led by Smedvig Ventures with participation from Momentum, Futurum Ventures, and Antler. The company aims to...

November 13, 2024

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Project Finance Brief: EDP Acquires 44 MW Solar Project Portfolio in Brazil

From: Mercom Capital Group EDP, a renewable energy power producer, announced the acquisition of 16 solar projects from Tangipar Group, a solar energy company in Brazil. The projects in Bahia, Mato Grosso, Mato Grosso do Sul, and Paraná, have a total...

November 13, 2024

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Bloom Energy Misses Q3 Revenue Estimates Despite Strong Margin Gains

Fuel cell and electrolyzer manufacturer Bloom Energy reported revenue of $330.4 million in the third quarter (Q3) of 2024, down 17.46% year-over-year (YoY) from $400.3 million in Q3 2023, missing analyst expectations by $52.79 million. The company...

November 13, 2024

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NVVN Tenders 7.2 MW Rooftop Solar Project for Assam Rifles

NTPC Vidyut Vyapar Nigam (NVVN) has invited bids for grid-connected rooftop solar systems with a cumulative capacity of 7.2 MW in 26 buildings under Assam Rifles in Nagaland, Manipur, and Assam. The last date to submit bids is December 2, 2024. Bids...

November 12, 2024

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