LATEST HEADLINES
PFC Posts ₹75 Billion Net Profit in Q4 FY 2024, Loan Assets Rise 16% YoY
May 15, 2024
Coal-Fired Power Plants Run by Utilities Must Use 5% Biomass Pellets Annually
May 15, 2024
Trina Solar’s 2023 Profit Up 50% as Module Shipments Soar
May 15, 2024
Railways Invites Bids for 1.15 MW Rooftop Solar Projects in Varanasi Division
May 15, 2024
Daily News Wrap-Up: Solar Generation in India Rises 8.8% YoY to 32 BU in 2024
May 15, 2024
Tata Power Solar, Amplus Solar, Roofsol Energy, Havells India, and Mahindra Solarize were the top rooftop solar companies in India during the calendar year (CY) 2023, according to Mercom’s India Solar Market Leaderboard 2024. Indi...
May 15, 2024
Mercom Research Focus
Solar Power Generation in India Rises 8.8% YoY to 32 BU in Q1 2024India generated approximately 32 billion units (BU) of solar power in the first quarter (Q1) of the calendar year (CY) 2024, an 8.8% year-over-year (YoY) increase. The country’s solar energy generation has steadily increased...
May 14, 2024
Markets & Policy
Solar Park DPRs of Central PSUs Exempted from State Committee VettingThe Ministry of New and Renewable Energy (MNRE) has exempted solar and renewable energy parks developed by central public sector undertakings (CPSUs) or their joint ventures from having their Detailed Project Reports (DPRs) vetted...
May 15, 2024
Markets & Policy
US Doubles Tariff on Chinese Solar Cells to 50%, Targets EVs and BatteriesThe United States announced stiff hikes in tariffs on solar cells, electric vehicles, batteries, and critical minerals originating from China. This decision follows a review of the findings of a Section 301 investigation, which ex...
May 15, 2024
Trending News
Tender & Auctions
Railways Invites Bids for 1.15 MW Rooftop Solar Projects in Varanasi Division
Mercom Insights
Tata Power Solar, Amplus and Roofsol: Top Rooftop Solar Installers in 2023
Energy Storage
Delhi Regulator Greenlights BSES Rajdhani’s Battery Energy Storage Project
Latest News
Government-owned Power Finance Corporation (PFC) recorded a total income of ₹241.76 billion (~$2.89 billion) for the fourth quarter (Q4) of the financial year (FY) of 2024, a 20% year-over-year (YoY) increase from ₹200.74 billion (~$2.4 billion)....
May 15, 2024
The Ministry of Power has mandated that every coal-based thermal power project operated by power generation utilities equipped with bowl mills must incorporate a 5% blend of biomass pellets derived from agro residue annually. This mandate will take...
May 15, 2024
Solar module manufacturer Trina Solar recorded an annual operating revenue of RMB113.39 billion (~$15.67 billion) in 2023, a 33% year-over-year increase from 2022. The company also recorded a net profit of RMB5.53 billion (~$764.62 million), a 50%...
May 15, 2024
The Varanasi Division, Electrical of North Eastern Railway, has floated a tender for 1.15 MW rooftop solar projects at railway stations. The last date for submitting bids is May 30, 2024. Bids will be opened on the same day. The cost of the project...
May 15, 2024
India generated approximately 32 billion units (BU) of solar power in the first quarter of the calendar year 2024, an 8.8% year-over-year increase. The country’s solar energy generation has steadily increased over the years with the capacity...
May 15, 2024
From: Mercom Capital Group Matrix Renewables, a global renewable energy company, and Santander Corporate & Investment Banking closed a €300 million (~$322 million) corporate debt financing deal. Matrix secured this financing as Green and...
May 15, 2024
From: Mercom Capital Group BrightNight, a renewable energy power producer and its joint venture partner Cordelio Power secured a $414 million construction credit facility for the development of 300 MW Box Canyon utility-scale solar project in Pinal...
May 15, 2024
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