Mercom Research Focus
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India’s Solar Exports Up 26%, Imports Surge 80.2% QoQ in Q1 2025

Indian solar module and cell exports increased 26.1% quarter-over-quarter (QoQ) to $267.6 million (~₹23.1 billion) in the first quarter (Q1) of 2025 from $212.2 million (~₹17.92 billion), according to recent data published by the ...

June 16, 2025

Mercom Research Focus

Average Cost of Large-Scale Solar Projects Rose Marginally in Q1 2025

Large-scale solar project costs in India increased for the second consecutive quarter, according to Mercom’s  Q1 2025 India Solar Market Update, average project costs rose 3% quarter-over-quarter (QoQ) and 1% year-over-year (YoY)....

June 12, 2025

C&I

Four Textile and Ceramic Companies Save ₹152 Million in a Year by Going Solar

Taking the green route, four companies from the textile and ceramic industries have cumulatively saved ₹152.26 million (~$1.7 million) since 2024 by procuring power from a 21.5 MW solar project. With the volatility of energy price...

June 17, 2025

Grid

Utilities Blame High-Intensity Winds for Transmission Tower Failures

Power transmission service providers have identified high wind speeds caused by climate change events as one of the main reasons for recurring transmission tower failures in India. In all, there were 76 extra-high-voltage (EHV) tr...

June 17, 2025

Latest News

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SJVN Issues 2.4 MW Rooftop Solar Tender in Arunachal Pradesh

SJVN has invited bids to install 2.378 MW of grid-connected rooftop solar projects at various locations in Arunachal Pradesh under the PM Surya Ghar: Muft Bijli Yojana. Bids must be submitted by July 9, 2025. Bids will be opened on the same date....

June 19, 2025

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Daily News Wrap-Up: CERC Suggests Wider Over-the-Counter Power Market Scope

The Central Electricity Regulatory Commission proposed amendments to its Power Market Regulations, 2021, to expand the scope of over-the-counter (OTC) power markets. An OTC market is a decentralized marketplace where financial instruments are traded...

June 19, 2025

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Researchers Discover Potential of Hybrid Perovskites to Make Solar Cells

A recent study by the University of Utah has revealed the potential of phase-transitioned hybrid perovskites for use in solar cell manufacturing. The research was led by Perry Martin, a graduate student in the Department of Chemistry’s Bischak Lab...

June 19, 2025

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EIB Pledges €1.6 Billion for France-Spain Electricity Interconnection

The European Investment Bank (EIB) has pledged €1.6 billion (~$1.84 billion) to finance the construction of the Bay of Biscay electricity interconnection between France and Spain. This financing will be completed as loans to the Spanish Red...

June 19, 2025

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Industry Says Gap Between Solar Cell and Module Manufacturing Capacity a Concern

Solar module manufacturing lines under the domestic content requirement (DCR) category are booked for the upcoming three to four months, said industry experts at Mercom India’s recent RE Buyer-Seller Meet, held in Coimbatore, Tamil Nadu. Mercom...

June 19, 2025

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HERC Approves Tariff of ₹4.44/kWh for 400 MW of Renewable Power Procurement

The Haryana Electricity Regulatory Commission (HERC) has approved Haryana Power Purchase Centre’s (HPPC) procurement of 400 MW firm and dispatchable renewable energy (FDRE) from NHPC through interstate transmission system (ISTS)-connected projects...

June 18, 2025

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GERC Grants 465-Day Extension for 100 MW Wind-Solar Hybrid Power Project

The Gujarat Electricity Regulatory Commission (GERC) has granted a 465-day extension to set up an evacuation line along with bays and a metering system for a 100 MW wind-solar hybrid power project in Gujarat. The Commission accepted that the delays...

June 18, 2025

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Bihar Regulator Approves Tariffs for 312 MW Wind Power Projects

The Bihar Electricity Regulatory Commission (BERC) has approved the tariffs for 312 MW of wind power projects and the draft power sale agreements (PSA) to be signed between Bihar State Power Holding Company (BSPHCL) and SJVN, the intermediary...

June 18, 2025

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CERC Proposes Expanding Scope of Over-the-Counter Power Markets

The Central Electricity Regulatory Commission (CERC) has proposed amendments to its Power Market Regulations, 2021, to expand the scope of over-the-counter (OTC) power markets. An OTC market is a decentralized marketplace where financial instruments...

June 18, 2025

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Oben Electric Secures ₹500 Million in Extended Series A Funding

Bengaluru-based electric motorcycle manufacturer Oben Electric has raised an additional ₹500 million (~$5.8 million) in May 2025 through an extended Series A funding round. The extended round saw participation from new and existing investors,...

June 18, 2025

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