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Quality Issues Surface in Rooftop Solar Systems Under PM Surya Ghar

As rooftop solar installations under the PM Surya Ghar: Muft Bijli Yojana reach 1 million nationwide, concerns have arisen about the lack of quality checks for the components and the absence of standardization. Several new install...

March 17, 2025

Mercom Research Focus

Solar Developers Fear Module Price Hikes After Import Duties on Solar Glass

Solar project developers anticipate a rise in module prices to drive up overall project costs following the recent import duties on solar glass. Recently, the Ministry of Commerce and Industry imposed anti-dumping duty in the rang...

March 13, 2025

Mercom Research Focus

India Adds 6.9 GW of Solar Open Access Capacity in 2024

India added 6.9 GW of solar open access capacity in 2024, a 77% year-over-year (YoY) increase from 3.9 GW, according to the newly-released Mercom India Q4 & Annual 2024 India Solar Open Access Market Report. This growth repres...

March 11, 2025

C&I

Attractive Financing Options for C&I Rooftop Solar with Rates as Low as 6.8%

As businesses increasingly transition toward clean energy, financing options for solar projects have become a crucial discussion topic. At the recent C&I Clean Energy Meet hosted by Mercom in Chennai, industry experts from lea...

March 11, 2025

Latest News

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Amrut Energy Raises ₹1 Billion to Expand Solar Water Pump Manufacturing

Ahmedabad-based Amrut Energy, a solar water pumps manufacturer and renewable energy solutions provider, has secured ₹1 billion (~$11.49 million) in funding from private equity investors. The company aims to utilize the investment to expand...

March 13, 2025

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JSW Neo Acquires Renewable Energy Firm Virya Infrapower for ₹75.4 Million

JSW Neo Energy, a wholly owned subsidiary of JSW Energy, has acquired a 100% stake in Virya Infrapower for ₹75.4 million (~$866,000) in an all-cash transaction. The acquisition was completed on March 12, 2025, the same day the share purchase...

March 13, 2025

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Gensol Engineering to Raise ₹6 Billion Via Bonds and Promoter Warrants

Renewable energy engineering, procurement and construction company Gensol Engineering has decided to raise ₹6 billion (~$68.9 million) by issuing ₹4 billion (~$45.9 million) worth of foreign currency convertible bonds and ₹2 billion (~$22.9 million)...

March 13, 2025

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Andhra Pradesh Issues Integrated Clean Energy Policy Guidelines

The Andhra Pradesh Energy Department has issued operational guidelines on resource allocation, land allotment, grid connectivity, open access, banking facility, project migration, fees, and incentives under the Integrated Clean Energy Policy, 2024....

March 13, 2025

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Solar-Powered Water ATMs Provide Clean Drinking Water to 100 Villages

Access to safe drinking water has been a challenge in India. In rural areas where power supply is also a huge concern, solar-powered water ATMs are a viable solution. The data by the Ministry of Jal Shakti shows that in February 2021, 68.75 million...

March 13, 2025

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Daily News Wrap-Up: NTPC Green Floats EoI for 5 MW Solar Project with BESS

NTPC Green Energy invited expressions of interest (EoI) to develop a 5 MW solar project and a 4 MW/12 MWh battery energy storage system in Great Nicobar Island. This EoI is open to any Indian company, its consortium, affiliates, or representatives....

March 13, 2025

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Maharashtra Commission Approves Tariff for Procuring 5 GW Solar Power

The Maharashtra Electricity Regulatory Commission  (MERC) has approved the tariff for Maharashtra Electricity Distribution Company’s (MSEDCL) procurement of 5,008 MW of solar power from projects under the Mukhyamantri Saur Krushi Vahini Yojana...

March 13, 2025

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Ratnagiri Zilla Parishad in Maharashtra Tenders 1 MW Solar Project

The Agricultural Department of Ratnagiri Zilla Parishad has invited bids to set up a 1 MW solar project at Kapadgaon village, Ratnagiri District, Maharashtra. The project will have a ground-mounted, unipolar-tracked, and seasonal-tilt arrangement....

March 13, 2025

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