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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

Mercom Research Focus

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

Corporate Funding in Energy Storage Sector Surges Five-Fold to $11.7 Billion in Q1

The global energy storage sector witnessed a 432% increase year-over-year (YoY) in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in 27 deals. The findings were published in Mercom Capital̵...

April 26, 2024

Markets & Policy

US Solar Manufacturers File Trade Petition Against Solar Imports From Southeast Asia

In a significant move aimed at protecting the burgeoning U.S. solar manufacturing sector, the American Alliance for Solar Manufacturing Trade Committee has filed anti-dumping and countervailing duty petitions against solar imports...

April 26, 2024

Latest News

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SJVN’s Heat and Power Generating Green Hydrogen Project Starts Operation

SJVN has started the commercial operation of its multi-purpose (combined heat and power) green hydrogen pilot project at its 1.5 GW Nathpa Jhakri hydropower project in Himachal Pradesh. The project will generate electricity through its 25-kW fuel...

April 26, 2024

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Bihar Invites Bids for 200 MW Rooftop Solar Projects

Bihar Renewable Energy Development Agency (BREDA) has invited expressions of interest for the empanelment of agencies for grid-connected rooftop solar power projects of various capacities under the CAPEX model, with an estimated capacity of 200 MW,...

April 26, 2024

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REC Avails $388 Million Loan from SACE for Green Energy Projects

Public infrastructure finance company REC Limited has availed a green loan of ¥60.5 billion (~$387.6 million) from SACE, an Italian export credit agency, to finance a slew of green projects in India. This maiden green loan transaction in India also...

April 26, 2024

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Daily News Wrap-Up: RUMSL Invites Bids to Develop 170 MW Solar Project

Rewa Ultra Mega Solar (RUMSL) has issued a request for proposal 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 Madhya...

April 26, 2024

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Captive Segment Growth Drives KPI Green’s Profit Up 36% in Q4 FY24

Renewable energy solutions provider KPI Green Energy posted a revenue of ₹2.93 billion (~$35.16 million) in the fourth quarter (Q4) of the financial year (FY) 2023-24, an increase of 59% year-over-year (YoY). The company’s net profit for the...

April 26, 2024

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

The Central Electricity Regulatory Commission (CERC) relaxed rules, allowing ACME Solar (ACME) to switch the connectivity of its 300 MW solar power project to the land route, considering their substantial progress and commitment to the project. The...

April 25, 2024

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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

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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

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