Mercom Research Focus
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Tata Power, Jakson, Ashoka Buildcon Top Solar EPC Companies in 1H 2024

Tata Power Solar, Jakson Green, Ashoka Buildcon, Gensol Engineering, and InSolare Energy emerged as the top utility-scale solar engineering, procurement, and construction (EPC) service providers in the first half (1H) of the calen...

November 18, 2024

Markets & Policy

CERC Proposes New Regulations for Trading in Carbon Credit Certificates

The Central Electricity Regulatory Commission (CERC) has released a draft notification outlining new regulations for purchasing and selling Carbon Credit Certificates (CCCs). These proposed regulations, titled “Central Elect...

November 14, 2024

Grid

High Court Clears Hurdles in Privatization of Chandigarh DISCOM

The Punjab and Haryana High Court has cleared the decks for the privatization of electricity services in the Union Territory (UT) of Chandigarh, maintaining that it is not within the judiciary’s domain to decide whether a pu...

November 13, 2024

Mercom Research Focus

Solar’s Share in India’s Installed Power Capacity Rises to 20% in Q3

India’s installed power capacity was 450.7 GW as of September 2024. Renewable energy accounted for 44.3% of the country’s power capacity mix, with 199.5 GW installed at the end of Q3 2024, according to data from the Ce...

November 11, 2024

Latest News

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ReNew’s Revenue, Profit Up in Q2 FY25 as Commissioned Renewable Capacity Grows

Independent renewable energy producer ReNew Power reported revenue of ₹29.9 billion ($357 million) during the second quarter (Q2) of the financial year (FY) 2025, a 4.4% year-over-year (YoY) increase from ₹28.6 billion (~$342 million). The higher...

November 20, 2024

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MNRE Sets Terms for Real Estate Developers to Avail CFA Under PM Surya Ghar

The Ministry of New and Renewable Energy (MNRE) will extend Central Financial Assistance (CFA) to real estate developers/promoters only after the submission of an undertaking that the rooftop solar asset supported under the PM Surya Ghar: Muft Bijli...

November 20, 2024

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ENGIE to Build 22 MW Solar Project for Saudi Cement Factory

France-based energy solutions provider ENGIE will develop a 22 MW solar photovoltaic project for Saudi Arabia’s Al Jouf Cement Company near Turaif in the country’s Northern Borders Province. The two companies signed a power purchase agreement (PPA)...

November 20, 2024

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UPNEDA Invites Bids for 2 MW Rooftop Solar Projects on Government Buildings

Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) has invited bids for 2 MW grid-connected rooftop solar systems with battery backup for captive use in government buildings. The individual system sizes can vary from 11 kW to 50 kW....

November 20, 2024

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ANERT Tenders 1 MW Solar Project at Kerala University of Health Sciences

The Agency for New and Renewable Energy Research and Technology (ANERT) has invited bids for a grid-connected 1 MW solar project at the Kerala University of Health Sciences, Thrissur, Kerala. The last date to submit the bids is December 6, 2024....

November 20, 2024

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Adani Acquires Project to Evacuate 7 GW of Renewable Energy from Khavda

Government-owned Power Finance Corporation (PFC) has transferred its special purpose vehicle Pune-III Transmission to Adani Energy Solutions, which emerged as the successful bidder for the evacuation of 7 GW of power from the potential renewable...

November 20, 2024

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Solar Module Manufacturer Saatvik Green Files for ₹11.5 Billion IPO

Haryana-based solar module manufacturer Saatvik Green Energy has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise up to ₹11.5 billion (~$136.26 million) through an initial public offering (IPO)....

November 20, 2024

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Daily News Wrap-Up: Hindustan Petroleum Tenders 105 MW of Solar Projects

HPCL Renewable and Green Energy, a subsidiary of Hindustan Petroleum Corporation, has invited bids for the engineering, procurement, and construction package with land for 105 MW of state transmission utility-connected solar power projects in...

November 20, 2024

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Funding and M&A Roundup: Lyten Acquires Battery Manufacturing Assets from Cuberg

From: Mercom Capital Group Lyten, a lithium-sulfur battery developer, announced the acquisition of a lithium-metal battery manufacturing facility and cell-making equipment in San Leandro, California, from Cuberg, a battery manufacturer owned by...

November 20, 2024

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Project Finance Brief: S4 Energy to Acquire 310 MW BESS Portfolio in Germany

From: Mercom Capital Group S4 Energy, an energy storage project developer and a majority-owned subsidiary of Castleton Commodities International (CCI), has agreed to acquire a 310 MW portfolio of German battery energy storage projects from Terra One...

November 20, 2024

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