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Adani, Jindal Among Winners of NHPC’s 1.2 GW Solar Plus Storage Auction

Onix Renewable, Jindal India Renewable Energy, NTPC Renewable Energy, Kolar Solar Power (Rays Power Infra), ReNew Solar Power, and Adani Renewable Energy Holding Nine (Adani Green) won NHPC’s auction to set up 1,200 MW inter-state...

January 23, 2025

Mercom Research Focus

Center and States Must Align Better for Accelerated Solar Open Access Growth

There is a remarkable shift in the adoption of renewable energy in India, particularly with solar open access growing as a compelling choice for commercial and industrial (C&I) power consumers. According to Mercom India Solar ...

January 22, 2025

Mercom Research Focus

Corporate Funding in the Solar Sector Dropped 24% YoY in 2024

Global corporate funding in the solar sector in 2024 reached $26.3 billion, a 24% year-over-year (YoY) decline from $34.4 billion, according to Mercom’s Annual and Q4 2024 Solar Funding and M&A Report. There were 157 deals in ...

January 21, 2025

Mercom Research Focus

Financial Incentives, Policy Support Top Solar Industry’s 2025 Budget Wishlist

As India’s renewable energy sector continues to grow, the spotlight is on Finance Minister Nirmala Sitharaman as she prepares to present the Union Budget 2025. As India strives to achieve its ambitious target of 500 GW renew...

January 21, 2025

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IREDA To Raise ₹50 Billion Through QIP For Green Energy Growth

The Indian Energy Development Agency (IREDA), a public sector company under the Ministry of New and Renewable Energy (MNRE), has announced plans to raise ₹50 billion (~$588.24 million) through a qualified institutions placement (QIP) of equity...

January 23, 2025

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Solar EPC Segment Pushes Waaree’s Q3 FY25 Revenue Up 11.5% YoY

Waaree Renewable Technologies, the solar engineering, procurement, and construction arm of the Waaree Group, has posted total revenue of ₹3.6 billion (~$41.57 million) in the third quarter (Q3) of the financial year (FY) 2025, an 11.5%...

January 23, 2025

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Saatvik Green Wins EPC Contracts for 23 MW Solar Projects in Himachal Pradesh

Engineering, procurement, and construction (EPC) service provider Saatvik Green has secured two EPC contracts for 23 MW solar projects from the Himachal Pradesh Power Corporation (HPPCL). Saatvik Green will implement 11 MW and 12 MW solar projects...

January 23, 2025

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Kerala Regulator Approves 500 MW Solar Power Sale Agreement With SECI

The Kerala State Electricity Regulatory Commission (KSERC) has approved a power sale agreement between the Kerala State Electricity Board (KSEBL) and the Solar Energy Corporation of India (SECI) for procuring 500 MW of solar power. The agreement...

January 23, 2025

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Daily News Wrap-Up: Center, States Must Align Better for Solar Open Access Growth

There is a remarkable shift in the adoption of renewable energy in India, particularly with solar open access growing as a compelling choice for commercial and industrial power consumers. According to Mercom India Solar Open Access Report, in the...

January 23, 2025

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Advait Energy Wins KREDL’s Auction to Integrate Solar Pumps

Advait Energy Transitions (Advait) has won Karnataka Renewable Energy Development’s (KREDL) auction to integrate 40,000 off-grid or standalone solar pumps in Karnataka under Component B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan...

January 23, 2025

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China Adds 277 GW of Solar Capacity in 2024

China’s cumulative installed solar power capacity reached 890 GW as of December 2024. It installed 277.17 GW of solar capacity in 2024, a 27.79% year-over-year (YoY) increase from 2023. According to China’s National Energy Administration, the...

January 23, 2025

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West Bengal Floats EPC Tender for 20 MW Solar Projects

The West Bengal State Electricity Distribution Company (WBSEDCL) has invited bids for providing engineering, procurement, and construction (EPC) services for cumulative 20 MW ground-mounted solar projects in Birbhum district, West Bengal. Bids must...

January 23, 2025

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REMCL Issues Consultancy Tender for Solar Projects in Multiple States

REMCL, a joint venture of RITES and the Ministry of Railways, has invited bids to survey, prepare, and submit feasibility and detailed project reports (DPR) for solar projects in various states. Bids must be submitted by February 11, 2025. Bids will...

January 23, 2025

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