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Without ISTS Waiver Extension, India’s 2030 Renewable Energy Goals Will Be at Risk

With just over two months to go before the interstate transmission system (ISTS) charges waiver ends, the Indian renewable energy project developers are keeping their fingers crossed for an extension. The ISTS-charges waiver will ...

April 25, 2025

Mercom Research Focus

Energy Storage Funding Declines Sharply in Q1 2025

Corporate funding for energy storage companies, including venture capital (VC), debt, and public market financing, totaled $2.2 billion across 31 deals in Q1 2025, according to Mercom Capital Group’s newly released Q1 2025 Funding...

April 25, 2025

Markets & Policy

Solar Corporate Funding in Q1 2025 Declines 41% as Uncertainty Weighs on Market

The solar companies secured $4.8 billion corporate funding in 39 deals in the first quarter (Q1) of 2025, a 41% year-over-year (YoY) decrease from $8.2 billion raised in 42 deals. However, funding increased 20% quarter-over-quarte...

April 21, 2025

Solar

Rays Power, Hetvi Win Assam’s Auction to Set Up 250 MW Solar Projects

Rays Power Infra and Hetvi Construction have won the Assam Power Distribution Company’s (APDCL) engineering, procurement, and construction (EPC) auction to set up 250 MW of solar power projects in Karbi Anglong, Assam. Rays ...

April 28, 2025

Latest News

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Reliance Bags Project to Evacuate 3 GW of Power for Green Hydrogen Projects

Reliance Industries has won PFC Consulting’s tender to set up a transmission system to evacuate 3 GW of power for green hydrogen/ammonia manufacturing projects in the Kandla area, Gujarat. The tender was floated in October last year. Reliance...

April 28, 2025

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Reliance Commissions First Line of GW-Scale Solar Module Manufacturing Facility

Reliance Industries has commissioned the first production line in its gigawatt-scale solar module manufacturing facility in Gujarat. The facility has an initial production capacity of 10 GW per year and is being rolled out in phases. The facility...

April 28, 2025

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Daily News Wrap-Up: Uncertainty Prevails as ISTS Waiver End Near

With just over two months to go before the interstate transmission system (ISTS) charges waiver ends, the Indian renewable energy project developers are keeping their fingers crossed for an extension. The ISTS-charges waiver will end on June 30,...

April 28, 2025

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With 117 GW Installed, 2024 was Wind Industry’s Best Year to Date

Global wind energy capacity saw a record 117 GW in new additions in 2024, a marginal increase from the 116.6 GW installed in 2023. The total wind energy capacity installed across the globe stands at 1,136 GW, according to the Global Wind Energy...

April 28, 2025

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NextEra’s Revenue Grows 9% in Q1, Reaffirms Guidance for 2025

U.S.-based power producer NextEra Energy reported operating revenue of $6.25 billion for the first quarter (Q1) of 2025, a 9% year-over-year (YoY) increase from $5.73 billion in Q1 2024. The revenue, however, missed analysts’ expectations by...

April 28, 2025

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Andhra Waives Fees for Rooftop Solar Systems up to 10 kW Under PM Surya Ghar

The Andhra Pradesh Electricity Regulatory Commission (APERC) has waived application fees and net metering charges for domestic consumers installing rooftop solar systems of up to 10 kW under the Pradhan Mantri Surya Ghar: Muft Bijli Yojana. This...

April 28, 2025

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MENA Round-Up: L&T Lowest Bidder for Kuwait Solar Project’s Transmission Line

Kuwait’s Ministry of Electricity, Water, and Renewable Energy received proposals for the 400 kV overhead transmission line project connecting the Al Shaqaya Solar Power Station to the Al Wafra (Z) substation. Larsen & Toubro submitted the lowest...

April 28, 2025

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Sterling and Wilson’s Q4 FY 2025 Revenue Highest-Ever, Order Book Swells

Sterling and Wilson Renewable Energy (SWREL), the engineering, procurement, and construction (EPC) arm of the Shapoorji Pallonji Group, recorded its highest-ever quarterly revenue of ₹25.19 billion (~$296.35 million) in the fourth quarter (Q4) of...

April 25, 2025

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Trading Volume Surge Pushes IEX Revenue Up 17% in Q4 FY 2025  

Indian Energy Exchange (IEX) reported a consolidated profit after tax of ₹1.17 billion (~$13.7 million) in the fourth quarter (Q4) of the financial year (FY) 2025, a 21.1% increase year-over-year (YoY) from ₹967 million (~$11.3 million)....

April 25, 2025

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