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Local Manufacturing Mandate for EV Parts May Cause Short-term Supply Gaps, Price Rise

The electric vehicle (EV) industry is bracing for a short-term price surge, as the Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement for 18 EV components, including the traction battery pack, batt...

April 2, 2025

Mercom Research Focus

REIAs Justify Charging Trading Margin, Want Issue Settled with DISCOMs

A ₹0.07 (~$0.0008)/kWh trading margin and the discovered tariff have become a bone of contention between renewable energy implementing agencies (REIAs) and buying entities. As intermediary procurers, REIAs charge a trading margin ...

March 27, 2025

C&I

Hydroponics Farmer Installs Solar, Saves ₹300,000 a Year in Power Bills

Various sectors, including agriculture, have realized the benefits of cost savings from switching to solar energy. For a hydroponics farmer, recovering the cost of the solar system in three years, saving on electricity costs, whic...

March 31, 2025

Renewable Energy

Through Agrivoltaics, Farmers Can Earn Dual Income from Crops and Solar: Interview

Agrivoltaics, the integration of solar power generation with agriculture, is emerging as a game-changer for India’s energy and farming sectors. Agrivoltaics enables dual land use, helping farmers generate their own energy wh...

March 28, 2025

Latest News

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Funding and M&A Roundup: Apricus Generation Secures $30 Million

From: Mercom Capital Group Apricus Generation, a distributed solar and battery development platform and independent power producer, announced that it has secured a $30 million revolving credit facility with Atlantic Union Bank. The funding is...

April 2, 2025

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Project Finance Brief: Renewable Power Capital Acquires 1.9 GW Solar and Wind Projects

From: Mercom Capital Group Renewable Power Capital, a pan-European renewables company, announced the acquisition of the Swedish and Finnish solar and onshore wind development business of Njordr AS, the Nordic renewable power subsidiary of Vanir...

April 2, 2025

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SECI Floats Tenders for 4.55 MW Rooftop Solar Projects in Five States

The Solar Energy Corporation of India (SECI) has invited bids for the engineering, procurement, and construction of 4.55 MW of grid-connected rooftop solar projects at multiple educational institutions across Bihar and Chhattisgarh in Zone III, and...

April 2, 2025

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CEA Clarifies Energy Storage Integration Applies Only to Future Solar Tenders

The Central Electricity Authority (CEA) has clarified that the mandate requiring renewable energy implementing agencies and state utilities to incorporate a minimum two-hour co-located energy storage system, equivalent to 10% of the installed solar...

April 2, 2025

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Daily News Wrap-Up: Bihar Includes Distributed Renewable Energy in RPO

The Bihar Electricity Regulatory Commission proposed including a new category of distributed renewable energy in its Renewable Power Obligation (RPO) for the financial year (FY) 2030. The proposed targets were published in the draft Bihar...

April 2, 2025

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Global Energy Demand Up 2.2% in 2024, Amid Weather, Data Centers, Industrial Growth

In 2024, India witnessed the second-highest growth in energy demand after China in absolute terms – more than the increase in all advanced economies combined, according to the Global Energy Review 2025 by the International Energy Agency (IEA). The...

April 2, 2025

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Sterlite Power Bags Transmission Project to Evacuate 4.5 GW Renewable Energy

Resonia (Sterlite Power) has bagged PFC Consulting’s transmission works to augment the interstate transmission system at the Ananthapur-II Renewable Energy Zone (Phase I) in Andhra Pradesh to evacuate 4.5 GW of renewable energy. The company won the...

April 1, 2025

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NRL Floats EoI to Supply Renewable Power for a Green Hydrogen Project

Numaligarh Refinery (NRL) has invited expressions of interest (EoI) to identify power suppliers for its refinery in Golaghat, Assam. The company is seeking about 100 MW of fully dispatchable power, with a minimum of 20 MW from renewable sources, to...

April 1, 2025

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DISCOM Dues to Power Generators Rise to ₹529 Billion in March 2025

Distribution companies (DISCOMs) owed power generators ₹528.6 billion (~$6.17 billion) in total dues for the monthly billing cycle in March 2025, according to the Ministry of Power’s payment ratification and analysis portal PRAAPTI. The DISCOMs owed...

April 1, 2025

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