Mercom Research Focus
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India’s Solar Exports Up 26%, Imports Surge 80.2% QoQ in Q1 2025

Indian solar module and cell exports increased 26.1% quarter-over-quarter (QoQ) to $267.6 million (~₹23.1 billion) in the first quarter (Q1) of 2025 from $212.2 million (~₹17.92 billion), according to recent data published by the ...

June 16, 2025

Mercom Research Focus

Average Cost of Large-Scale Solar Projects Rose Marginally in Q1 2025

Large-scale solar project costs in India increased for the second consecutive quarter, according to Mercom’s  Q1 2025 India Solar Market Update, average project costs rose 3% quarter-over-quarter (QoQ) and 1% year-over-year (YoY)....

June 12, 2025

C&I

Four Textile and Ceramic Companies Save ₹152 Million in a Year by Going Solar

Taking the green route, four companies from the textile and ceramic industries have cumulatively saved ₹152.26 million (~$1.7 million) since 2024 by procuring power from a 21.5 MW solar project. With the volatility of energy price...

June 17, 2025

Grid

Utilities Blame High-Intensity Winds for Transmission Tower Failures

Power transmission service providers have identified high wind speeds caused by climate change events as one of the main reasons for recurring transmission tower failures in India. In all, there were 76 extra-high-voltage (EHV) tr...

June 17, 2025

Latest News

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Higher Solar Module Sales Propel ReNew’s Net Profit Up 415% in Q4 FY 2025

Decarbonization solutions company ReNew has reported a 415% year-over-year (YoY) increase in net profit to ₹3.14 billion (~$36.48 million) in the fourth quarter (Q4) of the financial year (FY) 2024-25, from ₹609 million (~$7.07 million). The company...

June 17, 2025

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ANDRITZ Bags Order from Adani Green for 1.5 GW Pumped Storage Project in Maharashtra

Austria-headquartered technology group ANDRITZ has secured an order from Adani Green Energy to supply pump turbines, motor generators, and other electromechanical equipment for the 1,500 MW Tarali pumped storage project (PSP) in Satara, Maharashtra....

June 17, 2025

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Mazagon Shipbuilders Issues O&M Tender for 1.85 MW Rooftop Solar Projects

Mazagon Dock Shipbuilders (MDL), a public sector undertaking under the Ministry of Defence, has issued a tender for the operation and maintenance (O&M) of rooftop solar projects with a cumulative capacity of 1.85 MW spread across its premises in...

June 17, 2025

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RECPDCL Invites Bids to Evacuate 2 GW of Power from Solar Park in Tumkur

REC Power Development and Consultancy (RECPDCL) has issued a request for proposal for developing a 2,000 MW intrastate transmission system to evacuate power from a proposed solar park at Ryapte village in Tumkur district, Karnataka. Bids must be...

June 17, 2025

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MNRE Invites Proposals to Promote Circularity in Solar and Battery Technologies

The Ministry of New and Renewable Energy has invited proposals under the ‘Innovation Challenge for Circularity in Renewable Energy Technologies – Batteries and Solar Photovoltaic.’ The challenge will focus on design and manufacturing innovations...

June 17, 2025

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Daily News Wrap-Up: India’s Solar Exports Rise 26% in Q1 2025

Indian solar module and cell exports increased 26.1% quarter-over-quarter to $267.6 million (~₹23.1 billion) in the first quarter of 2025 from $212.2 million (~₹17.92 billion), according to recent data published by the Department of Commerce....

June 17, 2025

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REMCL Floats Tender for 1.25 MW Rooftop Solar Projects in Maharashtra

REMCL, a joint venture between the Ministry of Railways and Rail India Technical and Economic Service, has invited bids to set up a cumulative 1.25 MW of rooftop solar projects at four railway stations in Maharashtra. These projects will be set up...

June 16, 2025

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