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JSW, Rays, Oriana Among Winners of RVUNL’s 500 MW/1,000 MWh BESS Auction

Solarworld Energy Solutions, Oriana Power, Rays Power Experts, and JSW Neo Energy  (JSW Energy) have won Rajasthan Rajya Vidyut Utpadan Nigam’s (RVUNL) auction to set up 500 MW/1,000 MWh standalone battery energy storage systems (...

January 24, 2025

Energy Storage

Adani, Jindal Among Winners of NHPC’s 1.2 GW Solar Plus Storage Auction

Onix Renewable, Jindal India Renewable Energy, NTPC Renewable Energy, Kolar Solar Power (Rays Power Infra), ReNew Solar Power, and Adani Renewable Energy Holding Nine (Adani Green) won NHPC’s auction to set up 1,200 MW inter-state...

January 23, 2025

Mercom Research Focus

Center and States Must Align Better for Accelerated Solar Open Access Growth

There is a remarkable shift in the adoption of renewable energy in India, particularly with solar open access growing as a compelling choice for commercial and industrial (C&I) power consumers. According to Mercom India Solar ...

January 22, 2025

Mercom Research Focus

Corporate Funding in the Solar Sector Dropped 24% YoY in 2024

Global corporate funding in the solar sector in 2024 reached $26.3 billion, a 24% year-over-year (YoY) decline from $34.4 billion, according to Mercom’s Annual and Q4 2024 Solar Funding and M&A Report. There were 157 deals in ...

January 21, 2025

Latest News

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Adani Green’s Q3 Profits Jump 84%, Operational Capacity Up 37%

Renewable energy company Adani Green Energy (AGEL) reported an 84.07% year-over-year (YoY) growth in net profit for the third quarter (Q3) of the financial year (FY) 2025, reaching ₹5.43 billion (~$62.79 million), up from ₹2.95 billion ($34.11...

January 24, 2025

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Telangana Invites Bids for 250 MW/500 MWh Standalone BESS

Telangana Power Generation Corporation (TGGENCO) has invited bids to set up a pilot project of 250 MW/500 MWh standalone battery energy storage systems (BESS) in Telangana. Developers will be eligible for viability gap funding of ₹2.7 million (~$32,...

January 24, 2025

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IEX Reports 16.9% Growth in Q3 FY 2025 Profit, Trades 30.5 BU of Energy

Indian Energy Exchange (IEX) reported a consolidated revenue of ₹1.605 billion (~$19.32 million) for the third quarter (Q3) of the financial year (FY) 2025, up 13.7% year-on-year (YoY) from ₹1.412 billion (~$17.02 million). IEX had reported a...

January 24, 2025

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IndiGrid’s Revenue Flat at ₹7.7 Billion in Q3 FY 2025, Profit Drops 37%

India Grid Trust (IndiGrid), a power infrastructure investment trust, reported consolidated revenue of ₹7.72 billion (~$89.53 million) in the third quarter (Q3) of the financial year (FY) 2025, marking a 2.4% year-over-year (YoY) increase from ₹7.54...

January 24, 2025

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Daily News Wrap-Up: NHPC’s Solar Plus Storage Auction Results

Onix Renewable, Jindal India Renewable Energy, NTPC Renewable Energy, Kolar Solar Power, ReNew Solar Power, and Adani Renewable Energy Holding Nine won NHPC’s auction to set up 1,200 MW inter-state transmission system-connected solar power projects...

January 24, 2025

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MNRE Adds 3 GW of Solar Module Capacity to ALMM

The Ministry of New and Renewable Energy (MNRE) has updated the Approved List of Models and Manufacturers (ALMM) for solar photovoltaic modules, adding 3,015 MW of new capacity. The cumulative module manufacturing capacity stands at 67,401 MW. New...

January 24, 2025

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Malaysia Invites Bids for 2 GW Solar Projects

Malaysia’s Ministry of Energy Transition and Water Transformation (PETRA) has invited bids to develop 2 GW of large-scale solar (LSS) projects under phase V of its LSS PETRA+ program. The capacity will be offered in two packages as follows: Package...

January 24, 2025

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IREDA To Raise ₹50 Billion Through QIP For Green Energy Growth

The Indian Renewable Energy Development Agency (IREDA), a public sector company under the Ministry of New and Renewable Energy (MNRE), has announced plans to raise ₹50 billion (~$588.24 million) through a qualified institutions placement (QIP) of...

January 23, 2025

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