rec

thumbnail
Daily News Wrap-Up: UPNEDA Invites Bids to Set Up 110 MW Solar Projects

The Uttar Pradesh New and Renewable Energy Development Agency invited bids to set up 110 MW of solar power projects in Kanpur Dehat and Kanpur Nagar solar parks. The...

April 30, 2025

/

Mercom Staff

/

Daily Wrap-up
thumbnail
Funding and M&A Roundup: Exowatt Closes $70 Million Series A Funding

From: Mercom Capital Group Exowatt, a provider of thermal energy storage solutions, secured $70 million in a Series A funding round led by Felicis, a venture capital...

April 30, 2025

/

Staff

/

Finance and M&A

,

Other
thumbnail
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...

April 29, 2025

/

Tina Freese

/

Finance and M&A

,

Renewable Energy
thumbnail
Daily News Wrap-Up: Uncertainty Prevails as ISTS Waiver End Near

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...

April 28, 2025

/

Tina Freese

/

Daily Wrap-up
thumbnail
Trading Volume Surge Pushes IEX Revenue Up 17% in Q4 FY 2025  

Indian Energy Exchange (IEX) reported a consolidated profit after tax of ₹1.17 billion (~$13.7 million) in the fourth quarter (Q4) of the financial year (FY) 2025, a 21....

April 25, 2025

/

Tina Freese

/

Markets & Policy

,

Renewable Energy
thumbnail
Daily News Wrap-Up: Free Electricity Slows Rooftop Solar Rollout in Karnataka

The implementation of the PM Surya Ghar: Muft Bijli Yojana in Karnataka has been slow to take off. Despite a sharp rise in registrations, only 6,519 rooftop solar...

April 11, 2025

/

Mercom Staff

/

Daily Wrap-up
thumbnail
Daily News Wrap-Up: Vadodara Invites Bids for 3 MW Solar Rooftop Systems

Vadodara Municipal Corporation invited bids to install 3 MW rooftop solar systems on its buildings. Bids must be submitted by February 24, 2025. Selected bidders must...

February 10, 2025

/

Mercom Staff

/

Daily Wrap-up
thumbnail
REC Records 18% YoY Increase in Revenue in Q3 FY 2025

Public infrastructure finance company REC Limited recorded a total income of ₹142.86 billion (~$1.63 billion) for the third quarter (Q3) of the financial year (FY) 2025,...

February 7, 2025

/

Arjun Joshi

/

Finance and M&A

,

Other
thumbnail
IEX Sees 218% YoY Growth in Green Energy Trade in January 2025

The Indian Energy Exchange (IEX) achieved a monthly electricity traded volume of 10,910 million units (MU) for January 2025, representing a 16% year-on-year (YoY) growth....

February 5, 2025

/

Staff

/

Market & Policy

,

Renewable Energy
thumbnail
APTEL Overturns Jharkhand Regulator’s Order Exempting Steel Firm from RPO

The Appellate Tribunal for Electricity (APTEL) has overturned an order passed by the Jharkhand State Electricity Regulatory Commission (JSERC) granting an exemption from...

thumbnail
REC’s Loans to Renewable Energy Sector Grew 58% in Q3 2025

Public infrastructure finance company REC has announced a significant increase in loan disbursements for the third quarter (Q3) of the financial year (FY) 2025. The...

thumbnail
IEX Ends 2024 with Record Electricity Trade of 11 BU in December

The Indian Energy Exchange (IEX) recorded its highest-ever monthly electricity trading volume of 11,132 MU in December 2024, marking a 29% year-over-year (YoY) increase....

January 6, 2025

/

Arjun Joshi

/

Market & Policy

,

Renewable Energy
thumbnail
Green Energy Trade on IEX Increases by 331% YoY in November 2024

The Indian Energy Exchange (IEX) traded 818 million units (MU) of green energy during November 2024, a 331.8% increase from 189 MU in the same month in 2023. The Green...

December 3, 2024

/

Tina Freese

/

Markets & Policy

,

Renewable Energy
thumbnail
Daily News Wrap-Up: Leading Players in Solar Open Access Market in 1H 2024

AM Green Energy, Serentica Renewables, Amplus Solar, Fourth Partner Energy, and Brookfield Renewable Partners were the top solar open access developers in the first half...

November 28, 2024

/

Mercom Staff

/

Daily Wrap-up
thumbnail
REC Issues Guidance Framework for Vendor Operations Under PM Surya Ghar

REC has released a guidance framework for vendor operations under PM Surya Ghar: Muft Bijli Yojna to ensure smooth implementation of the rooftop solar program. The...

November 27, 2024

/

Tina Freese

/

Markets & Policy

,

Solar

1

2

3

...

19