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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

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Railways Issues Empanelment Tender for Rooftop Solar Projects in Rajasthan

The Ministry of Railways has issued a request for qualification to empanel agencies to implement rooftop solar projects for the Indian Railways in Rajasthan. The scope of work includes the design, procurement, erection of civil and structural works,...

June 24, 2024

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Rajasthan Floats Consultancy Tender to Acquire Land for 2 GW Solar Parks

TREDCO Rajasthan, a joint venture between THDC India and Rajasthan Renewable Energy Corporation, has invited bids to engage consultants to acquire land to develop 2,000 MW ultra mega renewable energy parks in Jaisalmer, Rajasthan, under the Ministry...

June 24, 2024

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Uttar Pradesh Invites Bids for PM Surya Ghar-related Awareness Activities

The Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) has invited bids to select firms for the strategy, planning, and implementation of Information, Education, and Communication (IEC) activities aimed at increasing awareness of...

June 24, 2024

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L&T Wins 185 MW Solar Project with 254 MWh Energy Storage in Bihar

Larsen & Toubro (L&T) has secured an order to build a grid-connected 185 MW solar power project with 254 MWh battery energy storage system (BESS) in Bihar’s Lakshisarai district from the Bihar State Power Generation Company (BSPGCL). The...

June 24, 2024

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BHEL Tenders 1.6 MW Solar Projects for its Facilities in Visakhapatnam

Bharat Heavy Electricals (BHEL) has issued a tender for 1.6 MW solar photovoltaic projects at its Heavy Plates and Vessels Plant in Visakhapatnam, Andhra Pradesh. The project comprises a 1 MW capacity for the factory and 0.6 MW for the township,...

June 24, 2024

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IREDA Raises ₹15 Billion via Bonds, Issue Oversubscribed 2.65 Times

The Indian Renewable Energy Development Agency (IREDA) has raised ₹15 billion (~$179.5 million) through bonds, reflecting strong investor confidence in India’s renewable energy sector. The bond issuance, which included a base issue of ₹5...

June 24, 2024

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France Adds Record 1 GW Solar Capacity in Q1 2024

France added a record 1 GW of solar photovoltaic capacity in the first quarter (Q1) of 2024, up 66% from the same period last year and reaching a total of 21.1 GW, according to Ministry of Energy Transition data. Solar energy production hit 4 TWh in...

June 24, 2024

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Daily News Wrap-Up: MNRE Portal to Verify DCR Content in Solar Modules

The Ministry of New and 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 Content Requirement (DCR)...

June 24, 2024

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Government Approves ₹136 Billion Programs to Evacuate 9 GW Renewable Power

The Government of India has greenlighted new Interstate Transmission System (ISTS) programs totaling ₹135.95 billion (~$1.63 billion) to evacuate 9 GW of renewable energy from Rajasthan and Karnataka. The first program focuses on the Rajasthan...

June 24, 2024

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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

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