Mercom Research Focus
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India Adds an Unprecedented 16 GW Solar Capacity in 9M 2024

India added 16.4 GW of solar capacity in the first nine months (9M) of 2024, a 167% year-over-year (YoY) increase from 6.2 GW in 9M 2023, according to Mercom India Research’s Q3 2024 India Solar Market Update. These installa...

November 21, 2024

Mercom Research Focus

Sungrow, TBEA, FIMER Dominate Solar Inverter Rankings in First Half of 2024

Sungrow India, TBEA Energy India, FIMER India, Sineng Electric, and Ginlong (Solis) Technologies were the leading solar inverter suppliers in India in the first half (1H) of 2024, according to Mercom’s recently released India Sola...

November 21, 2024

Markets & Policy

MNRE Sets Terms for Real Estate Developers to Avail CFA Under PM Surya Ghar

The Ministry of New and Renewable Energy (MNRE) will extend Central Financial Assistance (CFA) to real estate developers/promoters only after the submission of an undertaking that the rooftop solar asset supported under the PM Sur...

November 20, 2024

Markets & Policy

CERC Proposes New Regulations for Trading in Carbon Credit Certificates

The Central Electricity Regulatory Commission (CERC) has released a draft notification outlining new regulations for purchasing and selling Carbon Credit Certificates (CCCs). These proposed regulations, titled “Central Elect...

November 14, 2024

Latest News

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Daily News Wrap-Up: India Adds 16 GW Solar Capacity in 9M 2024

India added 16.4 GW of solar capacity in the first nine months (9M) of 2024, a 167% year-over-year increase from 6.2 GW in 9M 2023, according to Mercom India Research’s Q3 2024 India Solar Market Update. These installations surpassed all previous...

November 22, 2024

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CMPDI Invites Bids for 10 MW Solar Project at Mahanadi Coalfields

Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India, has floated a tender for the design, engineering, procurement, and commissioning of a 10 MW grid-connected solar power project at Lakhanpur, Mahanadi Coalfields (MCL)....

November 21, 2024

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RERC Upholds Penalty for Failure to Comply with Renewable Energy Regulations

The Rajasthan Electricity Regulatory Commission (RERC) has dismissed a petition filed by Star Cotspin against the imposition of fixed charges amounting to ₹3,281,040 (~$38,838) by Ajmer Vidyut Vitran Nigam (AVVNL) on its 2.185 MW behind-the-meter...

November 21, 2024

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Hyundai to Source 118 MW Power from Fourth Partner’s Solar and Wind Projects

Hyundai Motor India will source 118 MW of renewable energy from Fourth Partner Energy’s (FPEL) solar and wind projects under a group captive open access arrangement. Hyundai and Fourth Partner have signed two 25-year Power purchase agreements (PPA)...

November 21, 2024

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Daily News Wrap-Up: UPNEDA Tenders 2 MW Rooftop Solar Projects

Uttar Pradesh New & Renewable Energy Development Agency has invited bids for 2 MW grid-connected rooftop solar systems with battery backup for captive use in government buildings. The individual system sizes can vary from 11 kW to 50 kW. The...

November 21, 2024

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Maxeon Solar Modules Detained by US Customs Authority

U.S. Customs and Border Protection (CBP) continues to detain solar panels manufactured by Maxeon Solar Technologies in Mexico. This detention, which began in early July 2024, has affected multiple product lines, including “Maxeon 3” and...

November 21, 2024

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ReNew’s Revenue, Profit Up in Q2 FY25 as Commissioned Renewable Capacity Grows

Independent renewable energy producer ReNew Power reported revenue of ₹29.9 billion ($357 million) during the second quarter (Q2) of the financial year (FY) 2025, a 4.4% year-over-year (YoY) increase from ₹28.6 billion (~$342 million). The higher...

November 20, 2024

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