Mercom Research Focus
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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 Open Access Capacity Jumps 153% in 1H 2024

India added 3.6 GW of solar open access capacity in the first half (1H) of 2024, a 153% increase from the 1.4 GW installed during the same period in 2023, according to the Q2 2024 Mercom India Solar Open Access Market Report. The ...

September 5, 2024

Mercom Research Focus

Economic Upsides and Challenges of Co-located Hybrid Power Projects

The scarcity of suitable sites, geographic and environmental constraints, regulatory complexities, and high land acquisition costs pose significant barriers to the growth of wind-solar hybrid power projects. However, the economic ...

September 4, 2024

C&I

Investor Expectations and Green Mandates Push Indian Industries Toward Solar

Rooftop solar is gaining significant traction among commercial and industrial (C&I) companies in India, primarily due to its potential for substantial energy cost reduction. Additionally, businesses can profit by selling exces...

September 6, 2024

Latest News

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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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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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Azure Power to Prepay Green Bonds of $310 Million Maturing in December

Sustainable energy solutions provider and renewable power producer Azure Power Global announced the decision to prepay green bonds of $310 million maturing in December 2024. The bonds are backed by seven utility projects commissioned between 2016...

September 9, 2024

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NVVN Invites Bids for 500 MW/1000 MWh Standalone Battery Storage Systems

NTPC Vidyut Vyapar Nigam (NVVN) has floated a tender for setting up 500 MW/1000 MWh standalone battery energy storage systems (BESS) with Viability Gap Funding (VGF) support. The last date for the submission of bids is September 17, 2024. Bidders...

September 9, 2024

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Daily News Wrap-Up: MERC Includes Virtual Net Metering in Rooftop Rules

The Maharashtra Electricity Regulatory Commission has included virtual net metering provisions in the Grid Interactive Rooftop Renewable Energy Generating System (Second Amendment) Regulations, 2024. The virtual net metering provisions will help...

September 9, 2024

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Tamil Nadu Sets Seven-Year Deadline for Pumped Storage Project Completion

Tamil Nadu has issued the Pumped Storage Projects (PSP) Policy 2024 to harness the potential of PSPs to optimize renewable energy utilization, promote sustainable energy growth, and attract public and private investments. The policy has set...

September 9, 2024

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