Mercom Research Focus
thumbnail
Solar Sector Records 81% Drop in VC Funding in Q1, Corporate Funding Down by 4%

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised in 42 deals during the same period in 2023. However, there wa...

April 22, 2024

Mercom Research Focus

Burdensome Regulations and Delays Jeopardize Telangana’s Solar Open Access Projects

At a time when solar open-access installations are gaining traction across the country, developers with small-capacity projects in Telangana say the inordinate delay in adhering to regulatory frameworks by distribution companies (...

April 24, 2024

Markets & Policy

Threat of US Anti-Dumping Duties on Indian Solar Module Exports

India’s solar exports success story could run into trouble if the U.S. entertains petitions from domestic manufacturers to impose anti-dumping (AD) and countervailing duties (CVD) on module imports. While the four Southeast ...

April 22, 2024

Energy Storage

Seven Companies in Race for 10 GWh Advanced Chemistry Cells Capacity Under PLI

The Ministry of Heavy Industries’ (MHI) tender to select manufacturers for Advanced Chemistry Cells (ACC) under the Production Linked Incentive (PLI) program has garnered bids seven times more than the 10 GWh capacity to be awarde...

April 23, 2024

Latest News

thumbnail
CERC Grants Connectivity for 300 MW Solar Project Citing Force Majeure Events

The Central Electricity Regulatory Commission (CERC) relaxed rules, allowing ACME Solar to switch their connectivity to the land route, considering their substantial progress and commitment to the project. The Commission also noted that failure to...

April 25, 2024

thumbnail
Hitachi Energy Invests $1.5 Billion to Meet Surging Transformer Demand

Hitachi Energy, a subsidiary of Japan-based conglomerate Hitachi, will ramp up its global manufacturing capacity for transformers with a $1.5 billion investment by 2027, as a long queue for grid interconnections, particularly from renewables, is...

April 25, 2024

thumbnail
US Aims to Slash Grid Interconnection Timeline from 33 to Under 12 Months by 2030

The U.S. Department of Energy (DOE) has introduced a comprehensive roadmap to expedite the integration of clean energy sources into the national transmission grid. The Transmission Interconnection Roadmap outlines solutions for aligning...

April 25, 2024

thumbnail
Daily News Wrap-Up: China Installs 46 GW Solar Capacity in Q1 2024

China installed 45.74 GW of solar power capacity in the first quarter of 2024, a 35.8% year-over-year growth, according to the National Energy Administration. The country also installed 15.5 GW of wind, 6.39 GW of thermal, and 1.81 GW of...

April 25, 2024

thumbnail
RUMSL Issues Tender for 170 MW Solar Project at Neemuch

Rewa Ultra Mega Solar (RUMSL) has issued a request for proposal (RFP) to develop a 170 MW grid-connected ground-mounted solar photovoltaic project in the Neemuch Solar Park in Madhya Pradesh. The power generated from the project will be procured by...

April 25, 2024

thumbnail
US Solar PPA Prices Decline by 1.5% in Q1 2024, Europe Sees Drop of 5%

Following years of fluctuation in the energy market, power purchase agreement (PPA) prices in North America were stable during the first quarter (Q1) of 2024. P25 solar and wind PPA offer prices increased less than 1% during the quarter, according...

April 25, 2024

thumbnail
NextEra Energy’s Q1 Profit Rises 12%, Expects Higher Demand from Data Centers

U.S.-based renewables firm NextEra Energy said its first-quarter net income rose 12% year-over-year to $2.27 billion and that it expects data centers to drive electricity demand higher. The company has 3.5 GW in data center capacity operational and...

April 24, 2024

thumbnail
Enphase Energy Reports Net Income Drop of 75% in Q1 on Weak Demand

Microinverter and battery storage supplier Enphase Energy recorded a net income of $48 million during the first quarter (Q1) of 2024, a year-over-year (YoY) decrease of 75% from $192.32 million as the demand in its primary U.S. market witnessed a...

April 24, 2024

thumbnail
Tata Power, Indian Bank Partner for Residential Rooftop Solar Financing

Tata Power Solar Systems Limited (TPSSL) will partner with the Indian Bank to bolster the adoption of affordable rooftop solar in the residential segment by making low-interest loans available to consumers. Under the partnership, financing solutions...

April 24, 2024

thumbnail
Tesla’s EV Sales Drop, Energy Storage Revenues Surge in Q1 2024

U.S.-based electric vehicle (EV) maker Tesla reported a total revenue of $ 21.3 billion in the first quarter (Q1) of the financial year (FY) 2024, a 9% year-over-year (YoY) decrease. The decline in revenue was primarily attributed to a lower average...

April 24, 2024

MORE NEWS