Government May Lift ALMM Mandate for Solar Projects by up to Two Years
The government may provide relief to solar developers in the country by exempting them from the requirement of procuring solar modules only from the Approved List of Models and Manufacturers ...
CERC Issues New Deviation Settlement Guidelines to Maintain Grid Security
The Central Electricity Regulatory Commission (CERC) has issued new guidelines to supplement the Deviation Settlement Mechanism (DSM) Regulations 2022 to maintain grid security. The Commission has added a new category ...
Coal India Subsidiary Invites Bids for 2.5 MW of Rooftop Solar Systems
Bharat Coking Coal (BCCL), a wholly-owned subsidiary of Coal India, has invited bids for installing and commissioning 2.48 MW of grid-connected rooftop solar systems with net metering arrangements at 44 ...
Shirdi Sai Electricals to Bid for PLI-II, Expand Manufacturing Capacity to 10 GW
With an estimated 220 GW of solar capacity required by the decade's end to meet the 280 GW goal set by the government, India needs a significant manufacturing capacity ramp-up ...
50% of India’s Planned Solar Module Capacity to be in Gujarat
As India prepares to build out its solar module manufacturing capacity, Gujarat has emerged as an overwhelmingly favorite destination for domestic manufacturers, accounting for more than half of the country’s ...
EU Bank to Provide $1.1 Billion to Develop Green Hydrogen Hubs in India
The bank of the European Union, European Investment Bank (EIB), said it has signed a memorandum of understanding (MoU) with India Hydrogen Alliance (IH2A) to provide €1 billion (~$1.1 billion) ...
Adani Green’s Q3 Net Profit Surges 110% YoY on Hybrid Capacity Addition
Adani Green Energy (AGEL), the renewable arm of Adani Group, posted a net profit of ₹1.03 billion (~$12.4 million) for the third quarter (Q3) of the financial year (FY) 2022-23, ...
Share of Renewables in Global Power Generation Mix to Reach 35% by 2025
As the global demand for electricity is expected to grow at an average rate of 3% annually over the next three years, renewables and nuclear power would also increase to ...
Germany’s 2022 Solar Capacity Rises 35% Despite Lower Participation in Bids
Germany installed 7.18 GW of solar capacity in 2022, a growth of 35.47% year-over-year (YoY) from 5.3 GW installed in the last year, according to the latest data released by ...
Railways Issues Empanelment Tender for Rooftop Solar Systems in West Bengal
The South Eastern Railways has issued a tender for the empanelment of developers to implement grid-connected rooftop solar projects of various capacities in West Bengal through the public-private partnership (PPP) ...
SJVN’s Q3 Profit Jumps 22% to ₹2.9 Billion on Income from Equity Transfer
Government-owned power producer SJVN posted a profit of ₹2.87 billion (~$34.7 million) for the third quarter (Q3) of the financial year (FY) 2022-23, an increase of 22% year-over-year (YoY). The ...
Funding and M&A Roundup: EV Battery maker ONE raises $300 million in Series B funding
From: Mercom Capital Group Our Next Energy(ONE), an energy storage solutions company developing a hybrid system based on a cobalt-free battery and a lithium iron phosphate battery for EVs, closed ...
Project Finance Brief: SUNfarming Secures $53 Million for Solar Projects in Poland
From: Mercom Capital Group SUNfarming, a solar project developer and installer through its independent power producer SUN IPP, secured €50 million (~$54 million) to construct 231 MW solar projects in Poland. The ...
Daily News Wrap-Up: Exclusive Interview with Shirdi Sai Electricals COO
In an exclusive interview with Mercom India, Dr. Balachander Krishnan, Chief Operating Officer, Indosol Solar, special purpose vehicle (SPV) of Shirdi Sai Electricals, talks about the company’s progress after its ...
Scatec Posts $42 Million Loss in Q4 as Laos Projects Underperform
Norwegian independent power producer Scatec swung into a net loss of NOK 433 million (~$42 million) in the fourth quarter (Q4) of 2022, compared with a profit of NOK 136 ...
Bids Show a 1 kW Rooftop Solar System to Cost ₹60,000 in Jharkhand
Jharkhand Renewable Energy Development Agency (JREDA) has announced the lowest (L1) bids to install and commission 3 MW of grid-connected rooftop solar systems of various capacities with and without battery ...
Naviya Technologies Wins EPC Contract for 2 MW Canal-Top Solar Project
Naviya Technologies Renewables, a Mumbai-based solar developer, won the Jharkhand Renewable Energy Development Agency’s (JREDA) auction for the engineering, procurement, and construction (EPC) of a 2 MW grid-connected canal-top solar ...
Maharashtra Invites Bids for a 1 MW Solar Project
Maharashtra’s Public Works Department (PWD) of the Yavatmal Division has invited bids for installing and commissioning a 1 MW grid-connected solar project at Giroli in the Washim district of the ...
US’ Inflation Reduction Act Creates Over 100,000 Green Jobs in Six Months
Six months after the United States passed the Inflation Reduction Act (IRA) in August 2022, clean energy companies have announced more than 101,036 new green jobs in 31 states between ...
Odisha’s GRIDCO to Procure 400 MW Wind Power from SECI
The Solar Corporation of India (SECI) has signed a power sale agreement (PSA) with Grid Corporation of Odisha (GRIDCO), a public sector undertaking of the government of Odisha, for 400 ...
Market Regulator Issues Disclosure Norms for Issuing Green Debt Securities
Corporate entities will have to outline the process followed to determine how projects and assets fit within the eligible green project categories for issuing and listing debt securities. The Securities ...
Tata Power’s Rooftop Solar Revenue Grows 41% to ₹5.3 Billion in Q3
Tata Power reported a 91% year-over-year (YoY) jump in net profit to ₹10.52 billion (~$127.6 million) for the third quarter (Q3) of the financial year (FY) 2022-2023, primarily due to ...
Daily News Wrap-Up: Gujarat to Dominate India’s Planned Solar Module Capacity
As India prepares to build out its solar module manufacturing capacity, Gujarat has emerged as an overwhelmingly favorite destination for domestic manufacturers, accounting for more than half of the country’s ...
IEX Traded 347 MU of Green Energy in January 2023, Up 24% YoY
The Indian Energy Exchange (IEX) traded 347 million units (MU) of renewable energy in January 2023, an increase of 24% year-over-year (YoY). However, the volume declined by 8% month-over-month (MoM) ...
Government Implementing 330 MW Waste-to-Energy Projects
The Ministry of New and Renewable Energy (MNRE) is implementing 90 projects under its Waste to Energy (WTE) program, Union Minister of Power R.K Singh informed the Lok Sabha. These ...
Uttarakhand Invites Bids for 9.5 MW of Solar Projects
UJVNL, a government of Uttarakhand enterprise, has invited bids to set up 9.5 MW of grid-connected solar projects near the Kulhal powerhouse in the Dehradun district. The projects will be ...
