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New GST Rates on Renewable Energy Goods Likely to Reduce Costs and Tariffs

The reduction in Goods and Services Tax (GST) from 12% to 5% on solar cells and other renewable energy devices is likely to lower power costs for consumers while enhancing project viability for developers. Besides solar cells, win...

September 12, 2025

Mercom Research Focus

India Added 3.8 GW of Solar Open Access Capacity in 1H 2025

India added nearly 3.8 GW of solar open access capacity in the first half (1H) of 2025, an over 4% decrease from 3.9 GW installed in the same period of 2024, according to Mercom India’s Q2 2025 Solar Open Access Market Repor...

September 9, 2025

Mercom Research Focus

Large-Scale Solar System Costs Across Module Technologies Drop in Q2 2025

The average system cost of large-scale solar projects fell again in the second quarter of 2025, continuing the steady downward trend. Indian TOPCon-based projects remain the most expensive, while Chinese mono PERC projects continu...

September 9, 2025

Markets & Policy

US Move to Double Tariffs on Steel and Aluminum Could Hurt Indian Exports

In June this year, the U.S. doubled Section 232 tariffs on steel and aluminum, and on their derivatives, from 25% to 50%. This was followed by the Department of Commerce adding 407 product categories to the list of “derivative” st...

September 12, 2025

Latest News

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Sterling and Wilson Secures Letter of Intent for BoS of 300 MW Solar Project

Sterling and Wilson Renewable Energy (SWREL) has received a letter of intent (LOI) from a private independent power producer for the engineering, procurement, and construction (EPC) of the balance of system (BoS) package for a 300 MW solar project...

September 12, 2025

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MERC Approves DISCOM’s Power Sale Agreement for 300 MW Hybrid Power

The Maharashtra Electricity Regulatory Commission (MERC) has approved the power sale agreement (PSA) between Maharashtra State Electricity Distribution Company (MSEDCL) and NTPC for 300 MW of wind-solar hybrid power at a tariff of ₹3.36/kWh (~$0....

September 12, 2025

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Tamil Nadu Electricity Regulator Allows Land Lease for BESS Projects at ₹1

The Tamil Nadu Electricity Regulatory Commission (TNERC) has permitted the Tamil Nadu Transmission Corporation (TANTRANSCO) to lease portions of its substation land to private developers to install battery energy storage systems (BESS) at a nominal...

September 12, 2025

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JBM ECOLIFE Secures $100 Million Investment from IFC to Deploy 1,455 e-Buses

JBM ECOLIFE Mobility, a subsidiary of electric bus manufacturer JBM Auto, has secured a $100 million long-term capital investment from International Financial Corporation (IFC) to deploy 1,455 air-conditioned electric buses (e-bus) across cities in...

September 12, 2025

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Andhra Pradesh Releases Battery Energy Storage Regulations

The Andhra Pradesh Electricity Regulatory Commission (APERC) has introduced the Battery Energy Storage Systems (BESS) Regulations, 2025, providing a clear framework for the deployment and integration of energy storage technologies in the state. This...

September 12, 2025

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Oil India Partners with Rajasthan DISCOM to Develop Renewable Energy Projects

State-owned Oil India’s board of directors has approved the formation of a 50:50 joint venture (JV) with Rajasthan Rajya Vidyut Utpadan Nigam to develop renewable energy projects. The board also approved the transfer of renewable energy assets to...

September 12, 2025

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Daily News Wrap-Up: PM Surya Ghar to Hit 5 Million Installations

The government recently approved a power utility-led model under the PM Surya Ghar: Muft Bijli Yojana, which will rapidly increase rooftop solar installations, said Union Minister of New and Renewable Energy Pralhad Joshi. Approximately two million...

September 12, 2025

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Rooftop Solar Adoption Faces Policy Hurdles Despite Growing Awareness

Rooftop solar has emerged as a critical component of India’s renewable energy growth, particularly in the commercial and industrial (C&I) sectors. With declining solar module costs and supportive net metering policies in several states,...

September 12, 2025

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Europe’s Solar Industry Wants CBAM Extended to Module and Tracker Imports

Solar component imports into Europe could become more expensive if a proposal to extend the Carbon Border Adjustment Mechanism (CBAM) to solar modules, trackers, and mounting structures is accepted by the European Commission. The European Solar...

September 12, 2025

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