Featured
thumbnail
Addressing Bottlenecks Critical for Continued Open Access Solar Growth

India’s energy landscape is rapidly evolving, with solar power emerging as a crucial part of the country’s renewable energy mix. Among the various initiatives, open-access solar has shown significant promise. Open acce...

June 20, 2024

Markets & Policy

MNRE Launches Portal to Verify Domestic Content in Solar Cells and Modules

The Ministry of New & Renewable Energy (MNRE) has developed an online portal to ensure the traceability of domestically manufactured solar photovoltaic (PV) cells and modules and to assist in the verification of Domestic Conte...

June 21, 2024

Finance and M&A

Cabinet Approves ₹74 Billion VGF Program for Offshore Wind Projects

The Union Cabinet has approved a Viability Gap Funding (VGF) program with a total outlay of ₹74.53 billion (~$893.34 million) for offshore wind energy projects. The program includes ₹68.53 billion (~$821.43 million) for installing...

June 20, 2024

Mercom Research Focus

Adani Hybrid Energy Sold the Most Power in Green Day Ahead Market in Q4 2023

Green Day-Ahead Market (GDAM) has provided new opportunities for renewable energy generators and distribution companies (DISCOMs) to trade surplus power on exchanges. Power generators affected by long-delayed payments from DISCOMs...

June 18, 2024

Latest News

thumbnail
MNRE Sets Guidelines for Solar Modules and Inverters under PM Surya Ghar

The Ministry of New and Renewable Energy (MNRE) has released a framework for the enlistment of solar photovoltaic modules and inverters under the PM-Surya Ghar: Muft Bijli Yojana to assist consumers in making informed choices when selecting...

June 21, 2024

thumbnail
CERC Grants License for Evacuation of 1 GW Renewable Energy in Madhya Pradesh

The Central Electricity Regulatory Commission (CERC) has directed that a transmission license be granted to Pachora Power Transmission to establish the Transmission System for Evacuation of Power from RE Projects in Rajgarh (1,000 MW) SEZ in Madhya...

June 21, 2024

thumbnail
Amara Raja Invests €20 Million in InoBat, Ups Stake by 4.5%

Battery manufacturer Amara Raja Energy & Mobility has invested an additional €20 million (~$21.4 million) in electric vehicle (EV) battery firm InoBat, Norway, for a 4.5% equity stake. Amara Raja’s stake in the Slovakia-headquartered...

June 21, 2024

thumbnail
India $100 Billion Short of IEA’s Net-Zero Pathway by 2030, says EY

India has made strides in expanding its renewable energy capacity over the past year, but a funding gap of over $100 billion could still derail it from meeting International Energy Agency’s (IEA) net-zero emission pathway by 2030, a report by...

June 21, 2024

thumbnail
Daily News Wrap-Up: Overcoming Hurdles Critical for Open-Access Solar Growth

India’s energy landscape is rapidly evolving, with solar power emerging as a crucial part of the country’s renewable energy mix.Among the various initiatives, open-access solar has shown significant promise. Open-access solar demand in India has...

June 21, 2024

thumbnail
US Energy Storage Market Sees Record 3,512 MWh Deployed in Q1 2024, Up 89% YoY

The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 MW/3,512 MWh deployed across all segments. This marks the highest storage capacity installed in the U.S. in the first quarter, representing an...

June 21, 2024

thumbnail
Renewables Struggle to Meet Demand Despite Record 536 GW Capacity in 2023: Report

Despite global renewable power capacity reaching a record 536 GW in 2023, geopolitical conflicts, protectionism, and rising greenhouse gas emissions continue to pose significant risks for the energy transition, according to the Renewables 2024...

June 21, 2024

thumbnail
Battery Smart Secures $65 Million to Expand EV Battery Swapping Network

Battery Smart, a battery swapping network for electric two- and three-wheelers, has secured $65 million in a Series B funding round led by LeapFrog Investments. This equity round included both primary and secondary investments and saw participation...

June 20, 2024

thumbnail
NVVN Issues Tender for 100 MW Wind-Solar Hybrid Projects

NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC, has invited bids to develop 100 MW inter-state transmission system (ISTS)-connected wind-solar hybrid projects in India. The hybrid project will consist of 50 MW solar PV...

June 20, 2024

MORE NEWS