Author: Staff

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MERC Approves Tariffs for Tata Power’s 225 MW Wind-Solar Hybrid Projects

The Maharashtra Electricity Regulatory Commission (MERC) has approved Tata Power Company – Distribution’s (TPC-D) adoption of tariffs of ₹3.27 (~$0.0394)/kWh and...

March 1, 2024

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Staff

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Renewable Energy
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Uttar Pradesh Invites Bids for 5 MW Solar Project in Mau District

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids for a 5 MW grid-connected solar photovoltaic (PV) power project in Mau district...

March 1, 2024

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Staff

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Tenders & Auctions
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India’s Rooftop Solar Installations Reach 1.7 GW in 2023

India installed 1.7 GW of rooftop solar capacity in 2023, the second-highest annual installation numbers on record, according to Mercom India Research’s newly...

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German Physicists Claim Breakthrough in Silicon Solar Cell Efficiency

Physicists at the University of Paderborn in Germany, through complex virtual simulations, have discovered that adding a thin layer of an organic semiconductor called...

March 1, 2024

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Staff

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Technology
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Polysilicon Imports into China Drop as Manufacturers Shift to Vietnam

Polysilicon imports into China dropped 28.5% in 2023 to 62,965 metric tons (MT), the lowest level since 2011, according to Germany-based polysilicon market research firm...

March 1, 2024

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Staff

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Markets & Policy
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Daqo Q4 2023 Earnings Fall Amid Crashing Polysilicon Prices

China-based polysilicon manufacturer Daqo New Energy Corporation reported lower revenue and net income in the fourth quarter (Q4) of 2023, as polysilicon prices...

February 29, 2024

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Staff

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Finance and M&A
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Daily News Wrap-Up: Maharashtra’s 3 Million Residential Rooftop Solar Target

The Maharashtra State Electricity Distribution Company (MSEDCL) has prepared plans to install 3 million rooftop solar systems on houses in the state under the Pradhan...

February 29, 2024

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Staff

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Daily Wrap-up
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Haryana DISCOM Tenders 28 MW Solar Projects Under KUSUM

Dakshin Haryana Bijli Vitran Nigam (DHBVN) has invited applications on a “first-come-first-serve” basis under Component A of Pradhan Mantri Kisan Urja Suraksha evam...

February 28, 2024

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Staff

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Tenders & Auctions
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First Solar Swings to Profit in Q4 on Strong US Demand

U.S.-based solar module manufacturer First Solar reported a fourth-quarter (Q4) net income of $349 million, swinging to profit from last year’s loss of $7.5 million, as...

February 28, 2024

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Staff

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Finance and M&A
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Project Finance Brief: Strata Clean Energy Secures $559 Million for Storage Project

From: Mercom Capital Group Strata Clean Energy, a developer, owner, and operator of renewable energy projects, secured $559 million in financing for a 255 MW/1,020 MWh...

February 28, 2024

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Staff

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Finance and M&A

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Other
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Funding and M&A Roundup: Ascend Elements Raises $162 Million

From: Mercom Capital Group Ascend Elements, a lithium-ion battery recycling and engineered materials company announced it has raised $162 million in new equity...

February 28, 2024

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Staff

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Finance and M&A

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Other
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Telangana Invites Bids for 1 MW Solar Projects Under KUSUM

The Telangana State Renewable Energy Development Corporation (TSREDCO) has invited bids to set up two on-grid ground-mounted solar power projects with a cumulative...

February 27, 2024

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Staff

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Tenders & Auctions
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SJVN Green Signs Power Usage Agreement for 300 MW Solar Project

SJVN Green Energy, the wholly owned subsidiary of SJVN, has entered into a power usage agreement with Jammu and Kashmir Power Corporation Limited (JKPCL) for 300 MW...

February 27, 2024

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Staff

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Markets & Policy

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Solar
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Maharashtra Floats Tender for 1 MW Solar Project in Ratnagiri

The Agriculture Department of Ratnagiri Zilla Parishad has invited bids to set up a 1 MW ground-mounted solar power project in Vervelli village in Maharashtra. The...

February 27, 2024

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Staff

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Tenders & Auctions
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Red Sea Shipping Crisis Hits Key Trade Route for Solar Modules

Prices of solar modules shipped from Asia to Europe have jumped as much as 20% as trade disruptions in the Red Sea, which carries 12% of the world’s seaborne trade, have...

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