Mercom Research Focus
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Tata Power Solar, Roofsol and Havells Leading Rooftop Solar Installers in 1H 2024

Tata Power Solar, Roofsol Energy, Havells India, Kalpa Power, and Mahindra Solarize were the top rooftop solar installers in India during the first half of the calendar year (CY) 2024, according to Mercom’s recently released...

November 14, 2024

Grid

High Court Clears Hurdles in Privatization of Chandigarh DISCOM

The Punjab and Haryana High Court has cleared the decks for the privatization of electricity services in the Union Territory (UT) of Chandigarh, maintaining that it is not within the judiciary’s domain to decide whether a pu...

November 13, 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

Mercom Research Focus

Solar’s Share in India’s Installed Power Capacity Rises to 20% in Q3

India’s installed power capacity was 450.7 GW as of September 2024. Renewable energy accounted for 44.3% of the country’s power capacity mix, with 199.5 GW installed at the end of Q3 2024, according to data from the Ce...

November 11, 2024

Latest News

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CleanMax to Supply 33 MW of Renewable Energy to Equinix’s Data Centers in Mumbai

Digital infrastructure company Equinix will procure power under a captive arrangement from 33 MW renewable energy projects to be set up by CleanMax to power its data centers in India. The captive power projects to be developed in Maharashtra...

November 14, 2024

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UAE’s Masdar Signs Investment Agreement for 1 GW Wind Project in Kazakhstan

UAE-based renewable energy company Masdar has signed an investment agreement with its partners to develop a 1 GW wind energy project in Kazakhstan’s Jambyl region. The project will include a 600 MWh Battery Energy Storage System (BESS). Construction...

November 14, 2024

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Dubai’s 250 MW/1,500 MWh Pumped Storage Project to Begin Trials in Q1 2025

Dubai Electricity and Water Authority (DEWA) has announced that its 250 MW pumped hydropower storage project in Hatta will begin trial operations in the first quarter of 2025. The AED1.421 billion (~$387 million) project is claimed to be the first...

November 14, 2024

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Daily News Wrap-Up: High Court Upholds Privatization of Chandigarh DISCOM

The Punjab and Haryana High Court has cleared the decks for the privatization of electricity services in the Union Territory of Chandigarh, maintaining that it is not within the judiciary’s domain to decide whether a public policy is wise or a...

November 14, 2024

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Shoals’ Revenue Drops 23.9% in Q3 2024 Amid Project Delays and Supply Chain Issues

U.S.-headquartered Shoals Technologies Group, a manufacturer of electrical balance of systems (EBOS) for solar, energy storage and emobility, reported a 23.9% year-over-year (YoY) dip in revenue to $102.2 million during the third quarter (Q3) of...

November 14, 2024

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FTC Solar Posts 67% YoY Drop in Q3 Revenue Due to Lower Product Volumes

U.S.-based solar tracker systems provider FTC Solar posted revenue of $10.14 million in the third quarter (Q3) of 2024, exceeding analyst expectations by $240,680. However, it represented a 66.8% year-over-year (YoY) decrease compared to the same...

November 14, 2024

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GERC Approves Tariffs for 259 MW Solar Projects Under KUSUM

The Gujarat Electricity Regulatory Commission (GERC) has approved tariffs for 101 solar power projects of Paschim Gujarat Vij Company (PGVCL) with a total capacity of 259 MW under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan...

November 13, 2024

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