Archive

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Enphase Energy Reports Net Income Drop of 75% in Q1 on Weak Demand

Microinverter and battery storage supplier Enphase Energy recorded a net income of $48 million during the first quarter (Q1) of 2024, a year-over-year (YoY) decrease of...

April 24, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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Tata Power, Indian Bank Partner for Residential Rooftop Solar Financing

Tata Power Solar Systems Limited (TPSSL) will partner with the Indian Bank to bolster the adoption of affordable rooftop solar in the residential segment by making...

April 24, 2024

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Staff

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Rooftop

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Solar
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Tesla’s EV Sales Drop, Energy Storage Revenues Surge in Q1 2024

U.S.-based electric vehicle (EV) maker Tesla reported a total revenue of $ 21.3 billion in the first quarter (Q1) of the financial year (FY) 2024, a 9% year-over-year...

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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...

April 24, 2024

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B.S. Nagaraj

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Mercom Research Focus

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Open Access

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Solar
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Funding and M&A Roundup: EV Charging Firm SWTCH Raises $27 Million

From: Mercom Capital Group SWTCH Energy, an electric vehicle (EV) charging and energy management solution provider, has closed $27.2 Million in Series B Funding led by...

April 24, 2024

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Staff

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Finance and M&A

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Other
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Daily News Wrap-Up: Seven Companies in Race for 10 GWh ACC Capacity Under PLI

The Ministry of Heavy Industries’ tender to select manufacturers for Advanced Chemistry Cells under the Production Linked Incentive program has garnered bids seven times...

April 24, 2024

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Mercom Staff

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Daily Wrap-up
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China Installs 46 GW of Solar Power Capacity in Q1 2024, Up 36% YoY

China installed 45.74 GW of solar power capacity in the first quarter of 2024, a 35.8% year-over-year (YoY) growth, according to the National Energy Administration (NEA)....

April 24, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Project Finance Brief: Origis Secures $136 Million for 75 MW Solar Project

From: Mercom Capital Group Origis Energy, a vertically integrated renewable energy platform and solar project developer, secured a $136 million construction financing...

April 24, 2024

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Staff

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Finance and M&A

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Solar
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Ministry Says GENCOs Can Sell Surplus Power in the Market   

The Ministry of Power has clarified that power stations must always be available and ready to dispatch power according to the Tariff Policy 2016. Power generators can...

April 23, 2024

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Arjun Joshi

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Grid

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Market & Policy
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NTPC REL Tenders BoS Package for 1.1 GW Wind Project in Karnataka

NTPC Renewable Energy has invited bids to supply the balance of system (BoS) package for 1.1 GW inter-state transmission system (ISTS)-connected wind power projects in...

April 23, 2024

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Arjun Joshi

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Tenders & Auctions

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Wind

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