Solar

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ONGC Approves ₹33 Billion Investment for Ayana Acquisition

ONGC has approved an investment of ₹33 billion (~$384.84 million) in ONGC Green to part-fund the acquisition of a 100% stake in Ayana Renewable Power. The company will...

March 27, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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NHPC Tenders 1.2 GW Solar Projects with Energy Storage Systems

NHPC has issued a request for selection to set up 1,200 MW interstate transmission system (ISTS)-connected solar projects with a 600 MW/ 2,400 MWh energy storage system...

March 27, 2025

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Tina Freese

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Energy Storage

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Solar

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Tenders & Auctions
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India’s Solar Exports Decline 16% YoY in 2024, Imports Down 10%

Indian solar module and cell exports decreased 16% year-over-year (YoY) to $1.5 billion (~₹129.4 billion) in 2024 from $1.8 billion (~₹152 billion), according to recent...

March 27, 2025

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Prabha P P

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Mercom Research Focus

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Solar
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Germany Awards 317 MW of Rooftop Solar Capacity in Latest Auction

Germany’s Federal Network Agency (Bundesnetzagentur) has awarded a total rooftop solar capacity of 316,964 kW in 143 bids for the latest auction. The lowest...

March 27, 2025

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Arjun Joshi

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Solar

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Tenders & Auctions
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Solar-Powered Clinics on Boats a Boon for People in Remote Assam Villages

In the river-locked villages of Assam, accessible only by boats, people faced a lack of primary health services for generations. To access basic healthcare, villagers...

March 27, 2025

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Tina Freese

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C&I

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Solar
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REIAs Justify Charging Trading Margin, Want Issue Settled with DISCOMs

A ₹0.07 (~$0.0008)/kWh trading margin and the discovered tariff have become a bone of contention between renewable energy implementing agencies (REIAs) and buying...

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Adani New Industries Incorporates Subsidiary for Solar Manufacturing

Adani New Industries, a subsidiary of Adani Enterprises, has incorporated a wholly owned subsidiary for solar manufacturing, Adani New Industries One (ANIOL), investing...

March 26, 2025

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Tina Freese

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Manufacturing

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Solar
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Singareni Collieries Floats Tenders for 137 MW Solar Projects in Telangana

Singareni Collieries Company (SCCL), a government-owned coal mining company, has floated two tenders to develop solar projects with a cumulative capacity of 137 MW, in...

March 26, 2025

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Staff

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Solar

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Tenders & Auctions
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Jaipur DISCOM Tenders 112 MW Solar Projects Under PM KUSUM

Jaipur Vidyut Vitran Nigam (JVVNL) has issued an expression of interest for implementing 112.6 MW of decentralized solar projects in Rajasthan under Component A of the...

March 26, 2025

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Tina Freese

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Solar

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Tenders & Auctions
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Solar Generation Sees Sudden Dips in North India Due to Cloud Cover

Solar power generation experienced sudden dips between December 2024 and February 2025 due to cloud cover over large swathes of northern India, resulting in...

March 26, 2025

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B.S. Nagaraj

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Solar

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Utility Scale
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CERC Approves Tariffs for NTPC’s 1 GW Wind-Solar Hybrid Projects

The Central Electricity Regulatory Commission (CERC) has approved tariffs ranging from ₹3.43 (~$0.04)/kWh to ₹3.46 (~$0.04)/kWh for NTPC’s 1 GW interstate transmission...

March 25, 2025

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Melvin Mathew

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Markets & Policy

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Solar

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Wind
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CERC Sets Interim Tariff for DVC’s 8 MW Solar Project at ₹3.62/kWh

The Central Electricity Regulatory Commission (CERC) has determined an interim tariff of ₹3.62 (~$0.042)/kWh for Damodar Valley Corporation’s (DVC) 8 MW solar project at...

March 25, 2025

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Staff

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Market & Policy

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Solar
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Rooftop Solar Financing Firm Ecofy Secures $12.5 Million Loan from IFU

Green transition-focused non-banking finance company Ecofy Finance has secured a $12.5 million (~₹1.07 billion) long-term loan from Denmark government’s Investment Fund...

March 25, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Rajasthan Sets Tariff of ₹3.04/kWh for 5 GW Solar Capacity Under KUSUM

Rajasthan Electricity Regulatory Commission (RERC) approved a pre-determined levelized tariff of ₹3.04 (~$0.036)/kWh for 5,000 MW solar capacity under Component-A of the...

March 25, 2025

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Arjun Joshi

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Markets & Policy

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Solar

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