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Alpex Solar-NVNR Win 70 MW Solar EPC Contract from Coal India Subsidiary

Alpex Solar, in a consortium with NVNR Power & Infra, has secured a 70 MW solar engineering, procurement, and construction (EPC) contract from the Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India....

May 12, 2025

Mercom Research Focus

Solar Tenders Plunge 53% YoY in Q1 2025, Auctions Drop 39%

Government agencies floated around 14.4 GW of solar tenders in Q1 2025, a 53.1% drop compared to 30.7 GW in Q1 2024, but a 5.4% increase from Q4 2024. The Ministry of New and Renewable Energy (MNRE) has set an annual bidding targe...

May 9, 2025

Mercom Research Focus

New Players Shake Up Indian Solar Market in 2024

Mercom India has released the India Solar Market Leaderboard 2025, outlining the market share rankings and competitive dynamics of the Indian solar sector for the calendar year 2024. The report notes significant changes in company...

May 6, 2025

Grid

DISCOM Dues to Power Generators Rise to ₹717 Billion in April 2025

Distribution companies (DISCOMs) owed power generators ₹717.5 billion (~$8.51 billion) in total dues for the monthly billing cycle in April 2025, according to the Ministry of Power’s payment ratification and analysis portal PRAAPT...

May 5, 2025

Latest News

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Global Solar Installations Hit a Record 597 MW in 2024: Report

Global solar installations hit a record high of 597 GW in 2024, a 33% increase year-over-year (YoY) from 2023, according to a new report from SolarPower Europe. After global installations crossed the 2 TW solar capacity milestone in late 2024, the...

May 13, 2025

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Daily News Wrap-Up: Winners of CMPDI’s 70 MW EPC Solar Auction Announced

Alpex Solar, in a consortium with NVNR Power & Infra, secured a 70 MW solar engineering, procurement, and construction (EPC) contract from the Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India. The project will be at...

May 13, 2025

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Indus Towers Floats EoI for 100 MW Renewable Energy

Indus Towers has invited global expressions of interest (EoI) to supply renewable energy of a capacity ranging from 30 MW to 100 MW for its telecom sites in Andhra Pradesh, Gujarat, and Chhattisgarh under the green energy open access regulations....

May 13, 2025

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US, China Agree to Slash Reciprocal Trade Tariffs by 115% for 90 Days

The U.S. and China have agreed to slash reciprocal trade tariffs by 115% for 90 days. The new tariffs will come into effect from May 14, 2025, the two countries said in a joint statement. The U.S. Department of the Treasury temporarily suspended all...

May 13, 2025

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Borosil Renewables’ Q4 Revenue Up 32% YoY as Solar Glass Sales Surge

Solar glass manufacturer Borosil Renewables reported revenue of ₹3.73 billion (~$43.97 million) for the fourth quarter (Q4) of the financial year (FY) 2025, marking a 31.9% year-over-year (YoY) increase from ₹2.83 billion (~$33.36 million). The...

May 12, 2025

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Navalai Infra Secures 37 MW Solar EPC Project from Mahasamruddhi

Navalai Infra has secured a 37 MW solar engineering, procurement, and construction (EPC) contract from Mahasamruddhi Renewable Energy (MREL), a special purpose vehicle of Maharashtra State Road Development Corporation (MSRDC). The project will be...

May 12, 2025

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Maharashtra Invites Bids for 130 KTPA Green Hydrogen Production Facilities

The Maharashtra Energy Development Agency (MEDA) has invited bids to set up 130 kilotons per annum (KTPA) of green hydrogen production facilities under the Maharashtra Green Hydrogen Policy 2023. The projects involve establishing anchor units of up...

May 12, 2025

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Gujarat Regulator Approves Tariffs for GUVNL’s 1 GW Solar Projects 

The Gujarat Electricity Regulatory Commission (GERC) has approved Gujarat Urja Vikas Nigam’s (GUVNL) petition seeking tariff approval for procuring power from 1,000 MW of solar projects. The total capacity awarded comprises 500 MW base...

May 12, 2025

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BluPine Closes ₹3.76 Billion Funding for 100 MW Solar Project in Gujarat

Gurugram-based renewable energy services company BluPine Energy, an Actis-backed renewable energy platform, has achieved financial closure of a debt funding of ₹3.76 billion (~$44 million) from Standard Chartered Bank for its 100 MW...

May 12, 2025

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APM Projects Wins Central Mine Planning Institute’s 10 MW Solar EPC Contract

APM Projects has won Central Mine Planning and Design Institute’s (CMPDI) engineering, procurement, and construction (EPC) auction to set up a 10 MW grid-connected solar power project at Lakhanpur, Mahanadi Coalfields. The company won the project at...

May 12, 2025

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