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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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RECPDCL Invites Bids for 223 MW ISTS-Connected Solar Projects

REC Power Development and Consultancy (RECPDCL) has floated a tender to set up 223 MW Inter-State Transmission System (ISTS)-connected solar power projects anywhere in India. The projects will be developed under the program for flexibility in...

April 19, 2024

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Clean Energy Tech Firm Ecozen Raises $30 Million for Global Expansion

Ecozen, a Pune-based startup focused on clean technology solutions for agriculture, has raised $30 million in a new funding round to accelerate its growth and global expansion. The investment includes equity from existing investors like Nuveen as...

April 19, 2024

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SJVN Green Energy Invites Bids to Source Land for 200 MW Solar Projects in Assam

SJVN Green Energy (SGEL), a wholly-owned subsidiary of SJVN, has invited bids for the outright purchase or lease of up to 800 acres of land for 28 years with all statutory clearances to set up solar power projects of 200 MW capacity in Assam. The...

April 19, 2024

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Avaada Inks ₹45 Billion Refinancing Deal for Four Solar Projects in Rajasthan

Avaada Energy has closed a ₹44.71 billion (~$535.3 million) refinancing deal with the National Bank for Financing Infrastructure and Development (NaBFID) for four inter-state transmission system (ISTS)-connected solar projects with a combined...

April 19, 2024

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Daily News Wrap-Up: 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 elaborate process for...

April 19, 2024

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Australia Adds 5.9 GW of Renewable Capacity to the Grid in 2023

According to the Clean Energy Council (CEC), Australia added 5.9 GW of renewable capacity to the grid in 2023, up from 5 GW in 2022. Rooftop solar contributed 3.1 GW, while utility-scale projects added 2.8 GW. This marked an increase from 2022 when...

April 19, 2024

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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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