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Gentari, Juniper, Enfinity, Datta, Sunsure Win SJVN’s 1.2 GW Hybrid Power Auction

Gentari Renewables India Utilities 2, Juniper Green Energy, EG Energy Development (Enfinity Global), Sunsure Solarpark RJ One, and Adyant Enersol (Datta Infra) won SJVN’s auction to set up 1,200 MW of Interstate Transmission Syste...

November 5, 2024

Mercom Research Focus

Companies Dominating the Indian Solar Market in 1H CY 2024

The latest Mercom India Solar Market Leaderboard for 1H 2024 showcases the leading companies dominating the solar sector in the first half (1H) of the calendar year (CY) 2024. The report covers market share rankings and provides a...

November 5, 2024

Mercom Research Focus

Solar Open Access Landscape in Telangana and Andhra Pradesh: A Study in Contrast

The renewable energy landscape in India presents a complex mosaic where each state faces unique challenges and opportunities. Two states that highlight this contrast are Telangana and Andhra Pradesh. While Andhra Pradesh shows ren...

October 28, 2024

Mercom Research Focus

Energy Storage Corporate Funding 15% Higher in First Nine Months of 2024

Corporate funding for energy storage rose 15% year-over-year (YoY) in the first nine months (9M) of  2024, while it decreased 33% for smart grids in the U.S. Corporate funding for energy storage companies in 9M 2024 reached $17.6 ...

October 25, 2024

Latest News

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EV Startup MOOEV Raises ₹40 Million in Seed Funding Round

Electric vehicle (EV) startup MOOEV Technologies has raised ₹40 million (~$474,683) in a seed funding round led by Bizdateup. The funding round included investors like Point Ventures and Spectrum Impact (Aarti Industries Family Office). The company...

November 6, 2024

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MNRE Calls for Proposals to Set Up R&D Facilities for Green Hydrogen

The Ministry of New & Renewable Energy (MNRE) has invited proposals to set up  Centers of Excellence (CoE) under the National Green Hydrogen Mission (NGHM)’s Research and Development (R&D) program. The applications must be submitted by...

November 6, 2024

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Daily News Wrap-Up: SJVN’S Wind-Solar Auction Winners Revealed

Gentari Renewables India Utilities 2, Juniper Green Energy, EG Energy Development (Enfinity Global), Sunsure Solarpark RJ One, and Adyant Enersol (Datta Infra) won SJVN’s auction to set up 1,200 MW of Interstate Transmission System (ISTS)-connected...

November 6, 2024

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Ajmer DISCOM Invites Bids for 269 MW Solar Projects Under PM KUSUM

Ajmer Vidyut Vitran Nigam (AVVNL) has invited bids for the design, supply, survey, installation, testing, commissioning, operation, and maintenance of 269 MW grid-connected solar power projects under Component A of the Pradhan Mantri Kisan Urja...

November 6, 2024

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Green Energy Trade on IEX Up 364% YoY in October 2024

The Indian Energy Exchange (IEX) traded 872 MU (million units) of green energy in October 2024, a 364% year-over-year (YoY) increase from 188 MU. The Green Day-Ahead Market achieved a volume of 829 MU in October 2024 with an average price of ₹3.60...

November 6, 2024

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Robust EPC Segment Revenue Drives Waaree’s Q2 FY 2025 Up 249% YoY

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a total revenue of ₹5.24 billion (~$62.24 million) in the second quarter (Q2) of the financial year (FY) 2025, an increase of...

November 6, 2024

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Project Finance Brief: Primergy Secures $225 Million in Financing for Valley of Fire Portfolio

Primergy Solar, a developer of distributed and utility-scale solar and battery storage projects, announced closing $225 million in project financing for developing its Valley of Fire portfolio. The funding comprises a $125 million tax credit sale...

November 6, 2024

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Energy Storage Firm Stem’s Q3 Revenue Plunges on Lower Hardware Sales

Smart energy storage company Stem‘s revenue in the third quarter (Q3) of 2024 dropped 78% to $29.3 from $133.7 million in Q3 2023 due to lower battery hardware sales. This decrease includes reductions of $5.6 million and $37.4 million,...

November 6, 2024

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Funding and M&A Roundup: Redoxblox Raises $30 Million in Series A Funding

Redoxblox, a thermochemical energy storage company, raised an additional $30 million in Series A funding. The funding round was led by Prelude Ventures and joined by Imperative Ventures, New System Ventures, and existing investors Breakthrough...

November 6, 2024

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