net-zero

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Solar Industry’s 2024 Budget Wishlist: Tax Cuts, GST Reforms and Fiscal Incentives

With India’s aggressive clean energy push likely to sustain the momentum it has seen in recent years, all eyes are on the Union Budget 2024 to be presented by...

July 19, 2024

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Gautamee Hazarika

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Mercom Research Focus

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Renewable Energy
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Indian Oil to Set Up Subsidiary to Deploy 1 GW Renewable Energy Projects

Indian Oil Corporation (IOCL) has decided to form a wholly-owned subsidiary to undertake low-carbon, clean, and green energy businesses with an equity investment of ₹13....

May 3, 2024

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Staff

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Renewable Energy
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Solar, Storage, Wind Drive 95% of US Interconnection Queues as Backlog Rises

Nearly 12,000 power projects, an overwhelming majority based on renewable sources, representing a combined capacity of 1,570 GW and 1,030 GW for storage, are in...

April 15, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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EU Targets 40% Domestically Made Green Technology Use by 2030

The European Union (EU) has reached a provisional agreement on legislation aimed at boosting the bloc’s production of green technologies needed to achieve its goal...

February 15, 2024

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Arshreet Singh

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Renewable Energy
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Rail Vikas Nigam, Jakson Green Form JV to Execute Solar EPC Projects Overseas

Rail Vikas Nigam (RVNL) and Jakson Green, the renewable energy arm of the Jakson Group, have announced the formation of a joint venture (JV) to explore solar power...

January 17, 2024

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Satish Shetty

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Markets & Policy

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Solar
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EV Financing Platform Finayo Secures ₹160 Million to Expand its SaaS Offerings

Gurugram-based Electric Vehicle (EV) financing and asset management company Finayo has secured funding of ₹160 Million (~$1.9 million) from F Mec International Financial...

December 19, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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EU Invites Proposals for Net-Zero Technologies Under $4.3 Billion Innovation Fund

The European Commission has invited proposals for the Innovation Fund, with a record budget of €4 billion (~$4.3 billion) to support innovative decarbonization...

November 24, 2023

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Staff

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Other

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Renewable Energy
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European Parliament Green Lights Net-Zero Industry Act

Members of the European Parliament (MEPs) have backed the Net-Zero Industry Act, which aims to fortify Europe’s manufacturing capabilities in crucial technologies...

November 23, 2023

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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UK Aims to Fast-Track Renewable Energy Projects’ Grid Connection

Ofgem, the U.K.’s energy regulator, has introduced new rules to unclog the electricity grid connection queue, specifically targeting the pace of connecting...

November 17, 2023

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Staff

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Other

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Renewable Energy
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Mines Ministry to Auction 20 Critical Mineral Reserves in Upcoming Fortnight

The Ministry of Mines will auction 20 blocks of critical minerals, including lithium and graphite, within the next two weeks, Mines Secretary V K Kantha Rao has said....

November 15, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Global Solar Module Manufacturing Capacity to Exceed 1,200 GW by 2030: IEA

According to the latest International Energy Agency’s (IEA) World Energy Outlook, manufacturing capacity for solar modules is rapidly growing and has the potential...

November 7, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Policy Uniformity Key to Meeting Net-Zero Goals: SKF Interview

Commercial and Industrial (C&I) entities are actively seeking clean, environmentally friendly, and cost-effective energy sources. These businesses are focused on...

October 9, 2023

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B.S. Nagaraj

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C&I

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Solar
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Global Investments in Clean Energy to Reach $1.8 Trillion in 2023: IEA

Global investments in clean energy could reach an unprecedented $1.8 trillion in 2023, but this must increase significantly to about $4.5 trillion annually by early 2030...

September 29, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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Energy Major Repsol Acquires US Onshore Wind Firm ConnectGen for $768 Million

Madrid-based energy and petrochemical company Repsol has acquired ConnectGen, a U.S.-based renewable energy development company, for $768 million from Quantum Capital...

September 11, 2023

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Gautamee Hazarika

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Markets & Policy

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Wind
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Occidental Acquires a Direct Air Capture Tech Firm in a $1.1 Billion Deal

Occidental, a U.S.-headquartered global energy company, has announced the acquisition of Carbon Engineering, a company specializing in direct air capture (DAC)...

August 17, 2023

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Gautamee Hazarika

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Other

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Renewable Energy

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