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Onward Solar, Mahindra and Avaada Among Winners of NHPC’s 1.2 GW Solar Auction

Onward Solar Power, Jevargi Solar (Rays Infra), Essar Renewables, Mahindra Susten, and Avaada Energy have won NHPC’s auction to develop 1.2 GW interstate transmission system (ISTS)-connected solar power projects. The tender ...

September 10, 2024

Mercom Research Focus

Renewable Capacity Growth Severely Hit by Power Transmission Delays

Power evacuation infrastructure growth in India has lagged behind the pace of power capacity additions due to unique challenges faced by transmission projects, with implementation delays running into several months and even years....

September 9, 2024

Mercom Research Focus

India’s Solar Cell and Module Imports Drop Sharply in Q2 2024

India imported solar cells and modules worth over $774.9 million (~₹64.6 billion) in the second quarter (Q2) of the calendar year 2024, down 16.4% year-over-year (YoY), according to data from the Department of Commerce. Solar modu...

September 10, 2024

C&I

What C&I Units Should Know Before Choosing Open Access Solar

Commercial and industrial (C&I) consumers benefit significantly from sourcing renewable energy through open access arrangements. In addition to an assurance of reliable power supply and savings on energy costs, they can also m...

September 10, 2024

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Daily News Wrap-Up: Renewable Capacity Growth Hit by Power Transmission Delays

Power evacuation infrastructure growth in India has lagged behind the pace of power capacity additions due to unique challenges faced by transmission projects, with implementation delays running into several months and even years. Right-of-way...

September 10, 2024

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Tata Power Starts 2 GW Solar Cell Production in Tamil Nadu

TP Solar, a subsidiary of Tata Power Renewable Energy, has begun commercial production from its 2 GW solar cell line at the Tirunelveli manufacturing facility in Tamil Nadu. This new capacity aims to meet the increasing demand for domestically...

September 10, 2024

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Electric Two-Wheeler Firm Ather Energy Files IPO to Raise ₹370 Million

Electric two-wheeler manufacturer Ather Energy has proposed raising ₹31 billion (~₹369.4 million) through an initial public offering (IPO). In a draft red herring prospectus filed with market regulator Securities Exchange Board of India, the company...

September 10, 2024

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MNRE Allows Rooftop Solar Vendors in States to Work in Neighboring UTs

The Ministry of New and Renewable Energy (MNRE) has allowed rooftop solar vendors under PM Surya Ghar: Muft Bijli Yojana from adjacent states to work in Union Territories (UTs). Under the program, vendors registered with one distribution company...

September 9, 2024

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CERC Allows NHPC to Adopt Usage Charges of ₹2.45 for Selling Solar Power

The Central Electricity Regulatory Commission (CERC) has allowed NHPC to adopt the usage charges of ₹2.45(~$0.029)/kWh under the competitive bidding process to procure  1,000 MW of solar power under the CPSU Phase II (Tranche III) program....

September 9, 2024

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Suzlon Secures 1,166 MW Wind Turbine Order from NTPC Green Energy

Renewable energy solutions provider Suzlon Group has secured a 1,166 MW order from NTPC Green Energy to install 370 wind turbine generators of the S144 model, each with a rated capacity of 3.15 MW. These turbines will be deployed across two NTPC...

September 9, 2024

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EV Charging Firm ChargePoint’s Net Loss Narrows 45% YoY in Q2

U.S.-based electric vehicle charging solutions company ChargePoint’s net loss narrowed 45% year-over-year (YoY) to $68.9 million in the second quarter of 2024 from $125.3 million. The company’s revenue fell to $108.5 million, a 28% YoY decline from...

September 9, 2024

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