Solar

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MENA Weekly Round-Up: Saudi Arabia Awards 4.9 GWh Energy Storage Contracts

The Saudi Electricity Company (SEC) secured two major battery energy storage projects in the northern region of the country with a combined capacity of 4.9 GWh. The...

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Serentica to Acquire Statkraft’s Indian Solar Business

Independent power producer Serentica Renewables has signed binding agreements to acquire Statkraft’s 445 MW operational solar project at Bikaner, along with 1 GW...

September 15, 2025

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Arjun Joshi

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Finance and M&A

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Solar
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Shifting Guidelines Disrupt Technology Choices and Investments in Clean Energy

Distributed and utility-scale renewable energy markets are reshaping product strategies and investment decisions in India, with technology choices and policy stability...

September 15, 2025

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Arjun Joshi

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Solar

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Utility Scale
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MNRE Proposes ALMM for Wafers, Ingots in Solar Backward Integration Push

Accelerating its push for creating domestic manufacturing capacities across the solar value chain, the government has proposed mandating the use of India-made wafers...

September 15, 2025

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B.S. Nagaraj

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Manufacturing

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Markets & Policy

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Solar
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US Solar Installations Fall 28% in Q2 2025 Amid Challenges from Policy Shifts

The U.S. solar industry installed 7.5 GW of capacity in the second quarter (Q2) of 2025, a 24% year-over-year (YoY) and a 28% quarter-over-quarter (QoQ) decline,...

September 15, 2025

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Staff

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Markets & Policy

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Solar
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Sterling and Wilson Secures Letter of Intent for BoS of 300 MW Solar Project

Sterling and Wilson Renewable Energy (SWREL) has received a letter of intent (LOI) from a private independent power producer for the engineering, procurement, and...

September 12, 2025

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Melvin Mathew

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Solar

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Tenders and Auctions
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MERC Approves DISCOM’s Power Sale Agreement for 300 MW Hybrid Power

The Maharashtra Electricity Regulatory Commission (MERC) has approved the power sale agreement (PSA) between Maharashtra State Electricity Distribution Company (MSEDCL)...

September 12, 2025

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Staff

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Markets & Policy

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Solar

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Wind
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New GST Rates on Renewable Energy Goods Likely to Reduce Costs and Tariffs

The reduction in Goods and Services Tax (GST) from 12% to 5% on solar cells and other renewable energy devices is likely to lower power costs for consumers while...

September 12, 2025

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Melvin Mathew

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Finance and M&A

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Mercom Research Focus

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Solar

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Wind
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Rooftop Solar Adoption Faces Policy Hurdles Despite Growing Awareness

Rooftop solar has emerged as a critical component of India’s renewable energy growth, particularly in the commercial and industrial (C&I) sectors. With declining...

September 12, 2025

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Staff

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C&I

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Markets & Policy

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Rooftop

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Solar
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Europe’s Solar Industry Wants CBAM Extended to Module and Tracker Imports

Solar component imports into Europe could become more expensive if a proposal to extend the Carbon Border Adjustment Mechanism (CBAM) to solar modules, trackers, and...

September 12, 2025

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B.S. Nagaraj

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Markets & Policy

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Modules

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Solar
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ACME Secures ₹39 Billion Loan from SBI for 400 MW FDRE Project

ACME Venus Urja, a wholly owned subsidiary of ACME Solar Holdings, has secured a long-term project debt funding of ₹38.92 billion (~$440.13 million) from the State Bank...

September 11, 2025

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Arjun Joshi

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Finance and M&A

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Solar
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Inox Neo Energies to Acquire 640 MW Renewable Hybrid Portfolio from Evergreen

Independent power producer Inox Neo Energies, an INOXGFL Group company, has executed definitive agreements with Evergreen Power Mauritius and Evergreen Renewables to...

September 11, 2025

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Arjun Joshi

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Finance and M&A

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Solar

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Wind
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CERC Approves ₹4.01/kWh Tariff for SECI’s Solar-plus-Storage Project in Chhattisgarh

The Central Electricity Regulatory Commission (CERC) has approved a levelized tariff of ₹4.01 (~$0.0455)/kWh for Solar Energy Corporation of India’s (SECI) 100 MW solar...

September 11, 2025

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Arjun Joshi

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Markets & Policy

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Solar
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PM Surya Ghar Installations to Touch 5 Million After Utility-led Model Launch

The government has recently approved a power utility-led model under the PM Surya Ghar: Muft Bijli Yojana, which will rapidly increase rooftop solar installations, said...

September 11, 2025

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B.S. Nagaraj

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Markets & Policy

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Solar

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