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Sprng Energy, AMPIN, Juniper, ReNew, Avaada Win NTPC’s 1 GW Hybrid Auction

Sprng Energy, AMPIN Energy Transition, Juniper Green Energy, ReNew Solar Power, and Avaada Energy have won NTPC’s auction for the supply of 1,000 MW power from inter-state transmission system (ISTS)-connected wind-solar hybrid pow...

April 17, 2024

Mercom Research Focus

As ISTS Waiver Nears End, Developers Need Extension Amid Lack of Substations

As the deadline for the Inter-State Transmission System (ISTS) charges waiver approaches, additional substations are critical to ensure the smooth facilitation of renewable energy projects. The government has extended the ISTS cha...

April 16, 2024

Mercom Research Focus

Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Auctioned solar capacity in India surged to over 25 GW in the first quarter (Q1) of 2024 from 820 MW in Q1 2023, primarily due to the new bidding guidelines mandating that auctions be conducted within 110 days of bid submission da...

April 17, 2024

Markets & Policy

Explainer: Application Process for ALMM Inclusion and Renewal

The recent reimposition of the Approved List of Models and Manufacturers (ALMM) regulation by the Ministry of New and Renewable Energy (MNRE) has once again raised questions for existing and aspiring solar manufacturers on the ela...

April 18, 2024

Latest News

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POWERGRID Wins Contracts to Evacuate 18 GW of Renewable Energy

Government-owned power transmission utility Power Grid Corporation of India (POWERGRID) has won the contracts to establish three inter-state transmission systems (ISTS) projects on a build, own, operate, and transfer (BOOT) basis to evacuate 18 GW...

April 18, 2024

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MNRE Seeks Feedback on Guidelines for PM-Surya Ghar Rooftop Solar Program

The Ministry of New and Renewable Energy (MNRE) has invited comments and suggestions on the draft guidelines for implementing the PM-Surya Ghar: Muft Bijli Yojana in the residential rooftop solar segment. The last date for receiving the...

April 18, 2024

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Apple Partners with CleanMax to Power India Operations with Renewable Energy

Tech giant Apple has announced a joint venture with Mumbai-based renewable energy firm CleanMax to power its operations in India with renewable energy as part of its goal to be carbon neutral across its entire value chain by the end of this decade....

April 18, 2024

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EU Member States Sign Solar Charter to Boost Domestic Manufacturing

The European Commission and member states have signed the European Solar Charter, outlining a coordinated set of actions to support the continent’s struggling solar photovoltaic (PV) industry and tackle unfair competitive practices. The EU has...

April 18, 2024

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Daily News Wrap-Up: NTPC’s 1 GW Wind-Solar Hybrid Auction

Sprng Energy, AMPIN Energy Transition, Juniper Green Energy, ReNew Solar Power, and Avaada Energy have won NTPC’s auction for the supply of 1,000 MW power from inter-state transmission system-connected wind-solar hybrid power projects anywhere in...

April 18, 2024

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Biofuels Firm GPS Renewables Raises $50 Million in Debt Financing

Bengaluru-based biofuels firm GPS Renewables has secured $50 million in debt financing from a consortium of banks and non-banking financial companies to accelerate the nationwide rollout of its Compressed Biogas (CBG) and Renewable Natural Gas (RNG)...

April 17, 2024

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Global Wind Installations Reached 1 TW Milestone in 2023

Global cumulative wind power capacity surpassed the 1 TW mark in 2023, achieving a year-over-year (YoY) growth of 13%, according to the Global Wind Energy Council’s (GWEC) Global Wind Report 2024. Onshore wind witnessed 106 GW of capacity...

April 17, 2024

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