Mercom Research Focus
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Adani Green, UPC and Tata Power: Top Utility-Scale Solar Developers in 2023

Adani Green Energy, UPC Renewables, Tata Power Company, Gujarat State Electricity Corporation (GSECL), and Rising Sun Energy (Yinson Holdings) were the top utility-scale solar project developers in the calendar year (CY) 2023, acc...

May 13, 2024

Mercom Research Focus

Solar’s Share in India’s Power Capacity Rose to 19% YoY in Q1 from 15.2%

Solar power accounted for 18.5% of India’s total installed power capacity and 42.9% of the installed renewable capacity in the first quarter (Q1) of the calendar year (CY) 2024, up from 15.2% and 37.4% year-on-year (YoY), respecti...

May 13, 2024

Energy Storage

Delhi Regulator Greenlights BSES Rajdhani’s Battery Energy Storage Project

The Delhi Electricity Regulatory Commission (DERC) has approved the Battery Energy Storage System (BESS) agreement between BSES Rajdhani Power (BRPL) and Kilokari BESS for the establishment of a 20MW/40MWh energy storage project. ...

May 13, 2024

Markets & Policy

US May Impose Duties on Indian Aluminum Extrusions Used in Solar Mounting and Trackers

The U.S. Department of Commerce has announced a preliminary determination that aluminum extrusions from India, used in racking, trackers, and mounting frames for solar panels, are being sold in the U.S. at unfairly low prices, all...

May 13, 2024

Latest News

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Hindustan Petroleum Floats EPC Tender for 300 MW of Solar Projects

HPCL Renewable and Green Energy (HPRGEL), a subsidiary of Hindustan Petroleum Corporation (HPCL), has invited bids for the engineering, procurement, and construction (EPC) package with land for 300 MW of interstate transmission system...

May 13, 2024

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SolarEdge’s Q1 2024 Net Loss Narrows to $108.6 Million

SolarEdge, an Israel-based solar inverter manufacturer, recorded a net loss of $108.6 million in the first quarter (Q1) of 2024, an improvement of 37.7% on a year-over-year (YoY) basis as compared to a net loss of $174.5 million. Revenue for the...

May 13, 2024

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Relux Secures ₹2.5 Billion to Expand Hyper EV Charging Stations in South India

Relux Electric, an India-based electric vehicle (EV) charging infrastructure firm, has secured ₹2.5 billion (~$29.93 million) in project financing from a group of real estate and infrastructure investors. The company plans to use the funds to expand...

May 13, 2024

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Waaree’s Q4 FY 2024 Profit Up 341% as EPC Segment Revenue Soars

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹541.8 million (~$6.48 million) in the fourth quarter (Q4) of the financial year (FY) 2024, an increase of 341%...

May 13, 2024

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Daily News Wrap-Up: Leading Solar EPC Companies in 2023

Oriano, Waaree Renewable Technologies, Prozeal Green Energy, Tata Power Solar, and Gensol Engineering emerged as the top utility-scale solar engineering, procurement, and construction (EPC) service providers in the calendar year (CY) 2023, according...

May 13, 2024

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Grew Energy to Build 3.2 GW Solar Module Facility in Jammu & Kashmir

Grew Energy, a renewable energy venture of the Chiripal Group, announced plans to set up a 3.2 GW solar module manufacturing facility in Kathua, Jammu & Kashmir. The company will invest ₹45 billion (~$ 538.8 million) to establish the fully...

May 10, 2024

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