Mercom Research Focus
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India Installs 485 MW of Rooftop Solar Capacity in Q1, Up 6.4% YoY

In the first quarter (Q1) 2023, 485 MW of rooftop solar capacity was added, up 0.4% compared to 483 MW in Q4 2022. In a year-over-year (YoY) comparison, installations were up 6.4%. The findings were published in Mercom India Resea...

June 1, 2023

C&I

Savings from Rooftop Solar Can be a Healthy Revenue Stream for C&I Entities

As the cost of technology and installations have come down over the years, rooftop solar has undoubtedly emerged as a viable option to cut electricity bills for Commercial and Industrial (C&I) consumers. However, smaller C&...

May 31, 2023

Markets & Policy

MNRE Adds Five New Solar Module Manufacturers to the ALMM

The Ministry of New and Renewable Energy (MNRE) has updated the Approved List of Models and Manufacturers (ALMM) with the addition of five new entrants with a cumulative module manufacturing capacity of 343 MW. The five new entran...

June 2, 2023

Other

India Bets on Renewables to Meet Peak Demand, Will Pause Coal Installations

The Central Electricity Authority’s (CEA) National Electricity Plan (NEP) proposes the development of over 8.68 GW of battery energy storage systems in place of previously proposed coal capacity, eliminating any new coal pla...

June 2, 2023

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NTPC Invites Bids to Supply Modules for 1.46 GW of Solar Projects

NTPC Renewable Energy, a wholly-owned subsidiary of NTPC, has invited bids for the supply of solar modules for the Shajapur solar project (458.25 MW), Bhuj solar project (375 MW), and Bhadla solar project (625 MW). The scope of work includes...

June 2, 2023

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Daily News Wrap-Up: India’s Rooftop Solar Capacity Grew 6.4% YoY in Q1

In the first quarter (Q1) 2023, 485 MW of rooftop solar capacity was added, up 0.4% compared to 483 MW in Q4 2022. In a year-over-year (YoY) comparison, installations were up 6.4%. The findings were published in Mercom India Research’s newly...

June 2, 2023

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SECI Disburses ₹40.9 Million Rooftop Solar Subsidy in April 2023

The Solar Energy Corporation of India (SECI) has disbursed ₹40.9 million (~$495,480) as subsidies under the rooftop solar program in April 2023, a 194% increase from ₹13.9 (~$168,023) in the previous month. Sunsource Energy, Sukhbir Agro Energy,...

June 1, 2023

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MYTILINEOS Enters Canadian Market with Acquisition of 1.2 GW Solar Projects

MYTILINEOS Energy & Metals (MYTILINEOS), a global industrial and energy company, announced its entry into the Canadian market through the acquisition of a 1,235 MW (1.4 GWdc) Alberta solar portfolio from Westbridge Renewable Energy. The...

June 1, 2023

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CleanMax Secures $360 Million Funding to Expand its C&I Segment Portfolio

Mumbai-based renewable energy company CleanMax Enviro Energy Solutions (CleanMax) has successfully concluded an equity fund raise of approximately $360 million from Brookfield Renewable, facilitated through the Brookfield Global Transition Fund...

June 1, 2023

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Germany’s NexWafe Secures $32 Million for Green Solar Wafer Production

Solar wafer manufacturer NexWafe GmbH has secured €30 million (~$32 million) from a group of investors, including Reliance New Energy, to accelerate the construction of its first commercial-scale green solar wafers production facility in Germany’s...

June 1, 2023

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Canadian Solar Subsidiary Announces IPO Pricing on Shanghai Bourse

Canadian Solar, a solar module manufacturer headquartered in Canada, has revealed the pricing for the shares of CSI Solar, its majority-owned subsidiary, as part of its proposed initial public offering (IPO) on the Shanghai Stock Exchange. The...

June 1, 2023

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Capgemini’s India Office Operations Now Powered by 100% Renewable Energy

Capgemini, a France-headquartered multinational corporation, announced that all its facilities across 13 cities in India are now powered by 100% renewable energy, which enables the company to avoid more than 70,000 tons of carbon emissions per year....

June 1, 2023

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