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Rising Costs and Supply Shortages of DCR Modules Challenge Solar Programs

The PM Surya Ghar: Muft Bijli Yojana and the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) are the government’s key initiatives to help homeowners and farmers become energy prosumers. However, the increasin...

February 3, 2025

Mercom Research Focus

Capacity Additions Drive India’s Solar Power Generation Up 18% in 2024

India’s solar power generation rose nearly 18% year-over-year (YoY) to 133.8 billion units (BU) in 2024 from 113.4 BU, according to data published by the Central Electricity Authority (CEA). In the first nine months (9M) of ...

February 5, 2025

Other

Budget Reactions: Industry Applauds National Manufacturing Mission for Clean Energy

The Union Budget 2025 has received strong industry support for its emphasis on clean energy, domestic manufacturing, and infrastructure development. The budget, presented to Parliament by Finance Minister Nirmala Sitharaman last w...

February 4, 2025

Energy Efficiency

Financial Incentives Vital for Energy Transition of Hard-to-Abate Sectors: Interview

Vedanta Aluminium, part of the Vedanta Group, is among the leading aluminum producers in India. Its smelters and refineries in Odisha and Chhattisgarh are increasing the use of renewable energy sources like solar, wind and biomass...

January 31, 2025

Latest News

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Northern Railway Floats Tenders for 2.79 MW Solar Projects

The Northern Railway, Moradabad division, has issued two tenders to set up solar projects with a combined capacity of 2.791 MW at residential and service buildings and level crossing gates. Bids must be submitted by February 27, 2025. Bids will be...

February 6, 2025

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Amazon to Procure 379 MW Power from Three Wind Projects in India

Global e-commerce company Amazon will procure a cumulative 379 MW of clean energy from three wind farms in Karnataka, Maharashtra, and Tamil Nadu. The company will procure power from CleanMax’s 100 MW wind project in Koppal, Karnataka, BluPine’s 99...

February 6, 2025

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Enphase Exceeds Q4 Revenue, EPS Expectations Due to US Market Demand

Microinverter and battery storage supplier Enphase Energy recorded total revenue of $382.71 million in the fourth quarter (Q4) of 2024, reflecting a 26.5% year-over-year (YoY) increase and exceeding analyst expectations by $5.21 million. The...

February 6, 2025

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US Solar PPA Prices Hold Steady in Q4 2024, Wind Prices Rise 3.3%

Solar power purchase agreement (PPA) prices in the U.S. rose by a modest 0.3% quarter-over-quarter in the fourth quarter (Q4) of 2024, according to LevelTen’s Market-Averaged Continental Index. A steep drop in Alberta Electric System Operator (AESO)...

February 6, 2025

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Daily News Wrap-Up: India’s Solar Power Generation Up 18% in 2024

India’s solar power generation rose nearly 18% year-over-year (YoY) to 133.8 billion units (BU) in 2024 from 113.4 BU, according to data published by the Central Electricity Authority. In the first nine months (9M) of the calendar year 2024, the...

February 6, 2025

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Mercom India to Host Renewable Energy Buyer Seller Meet in Bengaluru

The solar industry in India is set for unprecedented expansion and has opened up enormous opportunities for manufacturers, solution providers, and product sellers. Consumers have a wide range of brands to choose from, making it essential for...

February 6, 2025

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ES Foundry Opens Solar Cell Manufacturing Facility in South Carolina

U.S.-based crystalline solar cell producer ES Foundry has opened a high-volume solar cell manufacturing facility in Greenwood, South Carolina. The facility is expected to achieve a shipment capacity of 3 GW by the third quarter (Q3) of 2025. The...

February 6, 2025

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Tata Power Sustains Growth Momentum, PAT Up 10% YoY in Q3 FY 2025

Integrated power company Tata Power has reported a ₹11.88 billion (~$136.4 million) profit after tax (PAT) in the third quarter (Q3) of the financial year (FY) 2025, a 10% year-over-year (YoY) increase from ₹10.76 billion (~$123.57 million). The...

February 6, 2025

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Türkiye Awards 800 MW Solar Capacity in Latest Auction Round

Türkiye’s Ministry of Energy and Natural Resources has awarded 800 MW of solar capacity in the latest round of its Yenilenebilir Enerji Kaynak Alanları (YEKA – Renewable Energy Resource Areas) program. The projects will be set up in Konya,...

February 6, 2025

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CERC Grants ₹20 Million Compensation to Solar Developer for GST Hike

The Central Electricity Regulatory Commission (CERC) has declared a hike in Goods and Services Tax (GST) from 5% to 12% to 18% as a change in law event and allowed Beempow Energy, backed by O2 Power, to seek compensation. Beempow can receive...

February 6, 2025

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