Mercom Research Focus
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Scaling Energy Storage in the MENA Region Amidst Renewables Boom

Until recently, large-scale energy storage was barely a consideration in the Middle East, where fossil fuels have long dominated power generation. With renewable energy projects expanding across the region, energy storage has star...

January 6, 2025

Solar

Altra Xergi Power Wins SECI’s 8,000 MWh FDRE VI Auction

Altra Xergi Power (O2 Power) won the Solar Energy Corporation of India’s (SECI) auction for the assured peak supply of 8,000 MWh (2000 MW x 4 hours) of renewable energy from interstate transmission system (ISTS)-connected projects...

January 3, 2025

Energy Storage

CERC Rejects Tariff for SECI’s 1,000 MWh BESS Project

The Central Electricity Regulatory Commission (CERC) has rejected Solar Energy Corporation of India’s (SECI) petition to adopt tariffs for its 500 MW/1,000 MWh Standalone Battery Energy Storage Systems (BESS) pilot projects. Altho...

January 3, 2025

Electric Vehicles

Electric Vehicle Sales Clock 27% Yearly Growth in 2024, Reach 1.9 Million Units

Electric vehicle (EV) sales in India reached a record 1.95 million units in 2024, an over 27% growth year-over-year against the 1.53 million units sold in 2023. EVs accounted for 3.6% of overall automobile sales, according to data...

January 2, 2025

Latest News

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Rajasthan Floats Tender for 15 MW Rooftop Solar Projects on Government Buildings

Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the Government of India and the Rajasthan government, has floated a tender to survey, design, supply, install, test, and commission 15 MW of grid-connected rooftop solar...

January 6, 2025

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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 non-banking financial company disbursed a total of ₹546.92 billion (~$6.63 billion)...

January 6, 2025

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Daily News Wrap-Up: Altra Xergi Power Wins SECI’s 8,000 MWh FDRE VI Auction

Altra Xergi Power (O2 Power) won the Solar Energy Corporation of India’s (SECI) auction for the assured peak supply of 8,000 MWh (2000 MW x 4 hours) of renewable energy from interstate transmission system-connected projects under tariff-based...

January 6, 2025

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IEX Ends 2024 with Record Monthly 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. In the third quarter (Q3) of the financial year (FY) 2025 alone, the traded...

January 6, 2025

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Karnataka Releases Draft Regulations for Grid Ancillary Services

The Karnataka Electricity Regulatory Commission (KERC) has released draft regulations to strengthen the framework for ancillary services to maintain the state’s grid. These regulations are driven by an increasing renewable energy penetration, rising...

January 6, 2025

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ITI Invites Bids for 500 MW Solar Module Manufacturing Plant in Uttar Pradesh

ITI Limited, a public sector undertaking of the Department of Telecommunication, has issued a tender for establishing a 500 MW fully automatic solar photovoltaic (SPV) module manufacturing line on a turnkey basis at ITI Limited, Prayagraj, Uttar...

January 6, 2025

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Tata Power Issues EoI for 500 MW Renewable Energy Procurement

Tata Power Trading Company (TPTCL), a wholly-owned subsidiary of Tata Power, has issued an expression of interest (EoI) for the procurement of up to 500 MW of renewable energy (solar, wind, hybrid, hydro) or green attributes up to 25 years. The last...

January 3, 2025

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Month in a Minute: Top Headlines from the Indian Renewable Sector in December 2024

The average cost of large-scale solar projects in India dropped by almost 23% year-over-year (YoY) in the third quarter (Q3) of calendar year (CY) 2024, according to Mercom India Research’s recently released Q3 2024 India Solar Market Quarterly...

January 3, 2025

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Punjab Mandi Board Floats Tender for 9.6 MW Rooftop Solar Projects

The Punjab Mandi Board has issued nine tenders for a cumulative 9.6 MW grid-connected rooftop solar projects in Punjab. The scope of work involves supplying, installing, testing, and commissioning on-grid rooftop solar power projects in different...

January 3, 2025

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