Mercom Research Focus
thumbnail
Robotic Solar Module Cleaning Equipment Market Leaders in 1H 2024

LEAPTING, Vayu Solar, Airtouch Solar, Aegeus Technologies, and Langfang Sol-Bright Photovoltaic Technology were the top five robotic solar module cleaning equipment suppliers to the Indian solar market in the first half (1H) of th...

December 4, 2024

Energy Storage

Kintech, H.G Infra, Bhilwara and Advait Win GUVNL’s 500 MW/1000 MWh BESS Auction

Kintech Synergy, H.G Infra Engineering, Bhilwara Energy (LNJ Bhilwara Group) and Advait Infratech have won Gujarat Urja Vikas Nigam’s (GUVNL) Phase IV standalone Battery Energy Storage Systems (BESS) auction. The project was award...

December 2, 2024

Markets & Policy

US Sets Anti-dumping Duties on Solar Cells from Four Southeast Asian Countries

The U.S. Department of Commerce announced its preliminary affirmative determinations in the anti-dumping duty investigations of crystalline photovoltaic cells, whether or not assembled into modules, from Cambodia, Malaysia, Thaila...

December 2, 2024

Solar

Over 9.2 GW of Solar Power from SECI Remains Unsold Due to Lack of Offtakers

Over 9,200 MW of renewable energy capacity comprising solar, wind-solar hybrid, solar with battery energy storage systems (BESS), and firm and dispatchable energy (FDRE) across 33 projects is stranded for want of offtakers. In the...

December 4, 2024

Latest News

thumbnail
Punjab Invites Bids for 1,000 MW of Firm and Dispatchable Renewable Energy

The Punjab State Power Corporation (PSPCL) has invited bids to procure 1,000 MW of firm and dispatchable renewable energy on a demand-following basis. The last date for the submission of bids is January 10, 2025. Bids will be opened on January 14....

December 4, 2024

thumbnail
Glow Secures $30 Million to Expand Solar Energy Projects in India

Solar energy startup Glow has raised $30 million in funding from Framework and Union Square Ventures to scale its renewable energy operations in India and other global markets. Founded in 2023, the Ethereum-based company focuses on accelerating...

December 4, 2024

thumbnail
TotalEnergies and Aljomaih to Develop 300 MW Solar Project in Saudi Arabia

TotalEnergies and Aljomaih Energy & Water Company (AEW) have secured a 25-year Power Purchase Agreement (PPA) with the Saudi Power Procurement Company (SPPC) for the 300 MW Rabigh 2 solar project in Saudi Arabia. The project in the Makkah...

December 4, 2024

thumbnail
Italy Awards 1.5 GW Agrivoltaic Projects in its First Auction

Italy’s energy management agency, Gestore dei Servizi Energetici (GSE), has allocated 1.5 GW of capacity for agrivoltaic (agriPV) projects in the country’s first dedicated auction. The auction saw significant interest, with 540 projects...

December 4, 2024

thumbnail
Funding and M&A Roundup: CrossBoundary Energy Secures $140 Million

From: Mercom Capital Group CrossBoundary Energy, a renewable energy developer, secured a $140 million senior debt commitment from the Standard Bank of South Africa on a fully underwritten basis. The funding is being undertaken as a first tranche...

December 4, 2024

thumbnail
Project Finance Brief: CEE Group Acquires 102 MW Solar Project in Germany

From: Mercom Capital Group CEE Group, a Hamburg-based renewable energy asset management firm, announced the acquisition of the 102 MW Klüden solar project in the Börde district in Saxony-Anhalt, Germany  from Sunovis, a Germany-based solar project...

December 4, 2024

thumbnail
Daily News Wrap-Up: APTEL Rejects Rooftop Solar Consumer’s Tariff Plea

The Appellate Tribunal for Electricity rejected an appeal by a rooftop solar consumer seeking enforcement of a tariff of ₹9.56 (~$0.11)/kWh for a rooftop solar system, as per an initial Power Purchase Agreement (PPA) signed on December 10, 2015....

December 4, 2024

thumbnail
Researchers Claim 23.2% Efficiency, Longer Life of Perovskite Solar Cells

An international team led by the University of Surrey with Imperial College London has identified a strategy to improve both the performance and stability of solar cells made from perovskites by mitigating a previously hidden degradation pathway. In...

December 4, 2024

MORE NEWS