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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

Electric Vehicles

Madhya Pradesh’s Draft EV Policy Proposes ₹50,000 Subsidy for Four-Wheelers

The Madhya Pradesh government has announced a maximum state subsidy of ₹50,000 (~$570.99) per four-wheeler electric vehicle in Draft Madhya Pradesh Electric Vehicle (EV) Policy 2025. The policy will be valid for five years. It cov...

February 11, 2025

Rooftop

India’s Installed Solar Capacity Surpasses 100 GW: Joshi

India’s installed solar capacity has surpassed 100 GW, the Ministry of New and Renewable Energy (MNRE) has announced. As of January 31, 2025, the installed solar capacity has reached 100.33 GW, Minister for New and Renewable Energ...

February 7, 2025

Renewable Energy

What’s Next for Domestic Manufacturing and Supply Chains?

Buyers and sellers in the solar sector got a unique opportunity to share information about products and services and foster business-to-business connections at Mercom India’s first RE Buyer-Seller Meet in Bengaluru on February 7, ...

February 11, 2025

Latest News

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West Bengal Invites Bids for 6 MW Floating Solar Project

West Bengal State Electricity Distribution Company (WBSEDCL) has invited bids to implement a 6 MW floating solar project at PPSP Upper Dam, Purulia Pump Storage Project Site, Purulia, West Bengal. The project will cover approximately 1.05 sq km and...

February 12, 2025

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Power Ministry Issues Draft Guidelines to Designate REIAs  

The Ministry of Power (MoP) has released draft guidelines for designating a company as a Renewable Energy Implementing Agency (REIA). Stakeholders can submit their comments and suggestions within 15 days. REIAs, as market makers, are responsible for...

February 12, 2025

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Daily News Wrap-Up: Regulator Approves Kerala’s Power Banking Agreements

The Kerala State Electricity Regulatory Commission approved multiple energy banking agreements entered by the Kerala State Electricity Board (KSEB) to manage surplus power efficiently. The Commission approved KSEB’s banking transaction with Punjab...

February 12, 2025

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Funding and M&A Roundup: Energy Storage Company Tyba Raises $13.9 Million

From: Mercom Capital Group Tyba, a company that provides an optimization platform for energy storage projects, secured $13.9 million in Series A funding, bringing its total funding raised to $18.15 million. Energize Capital led the funding round....

February 12, 2025

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APTEL Overturns Haryana Regulator’s Tariff Rejection Order

The Appellate Tribunal for Electricity (APTEL) has set aside the Himachal Pradesh Electricity Regulatory Commission’s (HERC) dismissal of a petition for determining the tariff for a solar project. Background The appellant, GR Enterprises, set...

February 12, 2025

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Project Finance Brief: Matrix Renewables Secures $41 Million Financing

From: Mercom Capital Group Matrix Renewables, the TPG Rise-backed global renewable energy company, announced the closing of €40 million (~$41.36 million) in non-recourse financing with UniCredit. The funding will support the construction and...

February 12, 2025

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Kerala Regulator Approves KSEB’s Power Banking Agreements

The Kerala State Electricity Regulatory Commission (KSERC) has approved multiple energy banking agreements entered into by the Kerala State Electricity Board (KSEB) to manage surplus power efficiently. The Commission approved KSEB’s banking...

February 11, 2025

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Uttar Pradesh Invites Bids for 5 MW Solar Project

Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to set up a 5 MW solar power project in Mau, Uttar Pradesh. Bids must be submitted by March 10, 2025. Bids will be opened on the next day. Bidders must submit a...

February 11, 2025

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APTEL Compensates Solar Project for GST Imposition

The Appellate Tribunal for Electricity (APTEL) has dismissed an appeal by the Hubli Electricity Supply Company (HESCOM) against an order of the Karnataka Electricity Regulatory Commission (KERC) in 2021 granting a tariff increase for a solar project...

February 11, 2025

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