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Without ISTS Waiver Extension, India’s 2030 Renewable Energy Goals Will Be at Risk

With just over two months to go before the interstate transmission system (ISTS) charges waiver ends, the Indian renewable energy project developers are keeping their fingers crossed for an extension. The ISTS-charges waiver will ...

April 25, 2025

Mercom Research Focus

Energy Storage Funding Declines Sharply in Q1 2025

Corporate funding for energy storage companies, including venture capital (VC), debt, and public market financing, totaled $2.2 billion across 31 deals in Q1 2025, according to Mercom Capital Group’s newly released Q1 2025 Funding...

April 25, 2025

Markets & Policy

Solar Corporate Funding in Q1 2025 Declines 41% as Uncertainty Weighs on Market

The solar companies secured $4.8 billion corporate funding in 39 deals in the first quarter (Q1) of 2025, a 41% year-over-year (YoY) decrease from $8.2 billion raised in 42 deals. However, funding increased 20% quarter-over-quarte...

April 21, 2025

Solar

Rays Power, Hetvi Win Assam’s Auction to Set Up 250 MW Solar Projects

Rays Power Infra and Hetvi Construction have won the Assam Power Distribution Company’s (APDCL) engineering, procurement, and construction (EPC) auction to set up 250 MW of solar power projects in Karbi Anglong, Assam. Rays ...

April 28, 2025

Latest News

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ALTÉRRA Invests $100 Million in Evren

Private climate investment vehicle ALTÉRRA will invest $100 million (~₹8.52 billion) in the India-based renewable energy company Evren. The funds will be utilized to develop and construct up to ~11 GW of solar, wind, and battery storage projects in...

April 29, 2025

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Uttar Pradesh Tenders 110 MW Projects in Two Solar Parks

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids to set up 110 MW of solar power projects in Kanpur Dehat and Kanpur Nagar solar parks. The projects comprise 35 MW of solar projects in Kanpur Nagar solar park...

April 29, 2025

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REC Raises ₹50 Billion Through Five and Ten-Year Bonds

REC, a state-owned infrastructure finance company, has raised ₹50 billion (~$586 million) through the issuance of bonds. The offering included ₹30 billion (~$352 million) of five-year bonds at a coupon of 6.97% and ₹20 billion (~$234.6 million)...

April 29, 2025

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Military Engineer Services Invites Bids for 1.1 MW Rooftop Solar Systems

The Military Engineer Services (MES), Eastern Command, Shillong Zone, has invited bids to install rooftop solar systems with a total capacity of 1,100 kW at Rangapahar Military Station in Nagaland. Bids must be submitted by May 22, 2025. Bids will...

April 29, 2025

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Robust Capacity Additions Push Adani Green’s Q4 Revenue Up 37% YoY

Renewable energy company Adani Green Energy (AGEL) generated revenue of ₹26.66 billion (~$312.88 million) from power supply in the fourth quarter (Q4) of the financial year (FY) 2025, a 37% year-over-year (YoY) increase from ₹19.41 billion (~$227.79...

April 29, 2025

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Daily New Wrap-Up: Rays Power, Hetvi Win Assam’s 250 MW Solar Projects Auction

Rays Power Infra and Hetvi Construction won the Assam Power Distribution Company’s engineering, procurement, and construction auction to set up 250 MW of solar power projects in Karbi Anglong, Assam. Rays Power Infra and Hetvi Construction won 125...

April 29, 2025

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Enphase Lowers Q2 Revenue Guidance, Fears Adverse Impact from China Tariffs

U.S.-based microinverter and battery storage supplier Enphase Energy reported a 35.22% year-over-year (YoY) rise in revenue to $356.1 million in the first quarter (Q1) of 2025 from $263.34 million. The company attributed the revenue growth to rising...

April 29, 2025

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NTPC Green Floats Land and Transmission Tender for 900 MW Solar Projects

NTPC Green Energy has invited bids for land and an extra-high-voltage transmission system package to develop up to 900 MW interstate transmission system (ISTS)-connected solar projects in Bhuj, Gujarat. Bids must be submitted by June 9, 2025. Bids...

April 29, 2025

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Savings in Power Bills Key Motivator for C&I Clean Energy Transition

Adopting solar energy can offer critical electricity bill savings for commercial and industrial (C&I) stakeholders. At a recent C&I Clean Energy Meet hosted by Mercom India in Mumbai, industry experts discussed savings on power bills by...

April 29, 2025

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Reliance Bags Project to Evacuate 3 GW of Power for Green Hydrogen Projects

Reliance Industries has won PFC Consulting’s tender to set up a transmission system to evacuate 3 GW of power for green hydrogen/ammonia manufacturing projects in the Kandla area, Gujarat. The tender was floated in October last year. Reliance...

April 28, 2025

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