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Inspire Clean Energy Wins Mercom India’s Second Startup Pitch Competition

Inspire Clean Energy, a Mumbai-based solar asset, operations and maintenance management company, emerged as the winner of Mercom’s Second Startup Pitch Competition for Cleantech Companies, held during the Mercom India Renewables S...

July 26, 2024

Renewable Energy

Winners of Mercom’s 2024 Renewable Industry Awards Announced

At the ongoing Mercom India Renewables Summit 2024 in New Delhi, Mercom India announced the winners of the fourth annual Mercom India Awards. These prestigious awards honor the exceptional contributions of organizations that are p...

July 25, 2024

Energy Storage

The Evolution and Challenges of Hybrid Power Projects in India

India’s renewable energy landscape has transitioned from standalone solar and wind installations to highly customized hybrid power projects that often include energy storage solutions. Power distribution companies are now ex...

July 26, 2024

Renewable Energy

Multi-faceted Approach Key to Scaling Green Hydrogen Production in India

Green hydrogen is emerging as a key solution to decarbonize hard-to-abate sectors. However, the key to adoption depends on the availability of renewable energy, large-scale manufacturing of electrolyzers, and off-takers. On the fi...

July 26, 2024

Latest News

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Daily News Wrap-Up: Winners of 4th Annual Mercom India Awards Announced

At the Mercom India Renewables Summit 2024 in New Delhi, Mercom India announced the winners of the fourth annual Mercom India Awards. These prestigious awards honor the exceptional contributions of organizations that are propelling India’s clean...

July 26, 2024

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JSW, Hero, Vena, Hexa Climate and Serentica Win SECI’s 630 MW FDRE Auction

JSW Neo Energy (JSW Energy), Hero Solar Energy (Hero Future Energies), Vena Energy, Hexa Climate Solutions and Serentica Renewables won significant capacities in Solar Corporation of India’s (SECI) auction to supply 630 MW of firm and dispatchable...

July 26, 2024

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Adani Green’s Q1 FY 2025 Revenue Rises 24% on Higher Capacity

Renewable energy company Adani Green Energy (AGEL) reported that its revenue surged by 24% year-over-year to ₹25.28 billion (~$301 million) in the first quarter of financial year 2025, driven primarily by capacity additions. The revenue growth was...

July 26, 2024

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IndiGrid’s Q1 Revenue Surges 32.7% on Strategic Acquisitions

India Grid Trust (IndiGrid), a power infrastructure investment trust, reported that its first quarter revenue surged by 32.7% year-over-year, reaching ₹8.35 billion (~$99.7 million), up from ₹6.29 billion (~$75 million) in the same quarter last year,...

July 26, 2024

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Policies Must Focus on Entire Value Chain of Domestic Solar Manufacturing

India is working to enhance its domestic manufacturing capabilities for renewable energy projects and to fortify local supply chains to achieve its clean energy goals. The country’s domestic solar manufacturing sector is experiencing a...

July 25, 2024

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Rays Power Infra Raises ₹1.27 Billion Via Equity Sale

Solar EPC and turnkey solution provider Rays Power Infra has raised ₹1.27 billion (~$15.17 million) in equity capital from a clutch of high-net-worth individuals, family offices, funds, and partners in alternative investment funds. The round brings...

July 25, 2024

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