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Agri-Solar Solutions Provider GK Energy Files Papers for ₹5.01 Billion IPO

Maharashtra-based agri-solar solutions provider GK Energy has filed the draft red herring prospectus (DRHP) to raise over ₹5.01 billion (~$60.02 million) through an...

December 19, 2024

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Staff

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Finance and M&A

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Solar

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Utility Scale
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Masdar, Partners Begin Construction of 1.5 GW Al Ajban Solar Project in Abu Dhabi

Construction has officially commenced on the Emirates Water and Electricity Company’s (EWEC) 1.5 GW Al Ajban solar project led by EDF Renewables Middle East in...

November 25, 2024

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Baset Asaba

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C&I

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Solar

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Utility Scale
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Tata Power, Jakson, Ashoka Buildcon Top Solar EPC Companies in 1H 2024

Tata Power Solar, Jakson Green, Ashoka Buildcon, Gensol Engineering, and InSolare Energy emerged as the top utility-scale solar engineering, procurement, and...

November 18, 2024

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Yogeshwaran M

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Mercom Research Focus

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Solar

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Utility Scale
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Adani Green, ReNew and O2 Power Top Utility-Scale Solar Developers in 1H 2024

Adani Green Energy, ReNew, O2 Power, ACME Solar, and NTPC Renewable Energy emerged as the top utility-scale solar project developers in the first half (1H) of the...

November 12, 2024

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Ajayan J S

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Mercom Research Focus

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Solar

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Utility Scale
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India’s Solar Power Generation in Q3 2024 Hit 32 BU, up 17.9% YoY

In the third quarter (Q3) of the calendar year 2024, solar power generation in India was approximately 32 billion units (BU), up 17.9% year-over-year (YoY). The...

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Rising Construction Margin Drives 1,632% YoY Rise in Net Profit for Scatec

Norway-based renewable energy solutions provider Scatec reported a 1,632% year-over-year (YoY) rise in net profit to NOK1.65 billion (~$150.18 million) in the third...

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CERC Approves Tariffs for SJVN’s 1,450 MW Solar Projects

The Central Electricity Regulatory Commission (CERC) has adopted the tariffs for SJVN’s 1,450 MW of interstate transmission system (ISTS)-connected solar power projects....

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Varroc to Procure Power from AMPIN’s 27 MW Solar Project in Maharashtra

Automotive component company Varroc Engineering (Varroc) will procure solar power from AMPIN‘s 27 MW group captive project in Maharashtra. The two companies signed...

October 31, 2024

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Staff

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Open Access

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Solar

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Utility Scale
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MNRE Revises Program to Electrify 100,000 Households with Off-Grid Solar

The Ministry of New and Renewable Energy (MNRE) has allocated an additional financial outlay of ₹9.15 billion (~$108.82 million) to provide off-grid solar systems for...

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Brookfield Properties Supplies Solar Power to its Tenants in Delhi-NCR

Real estate developer Brookfield Properties has said tenants in four office campuses it owns in the Delhi-NCR are sourcing 40% of their energy requirements from its 550...

October 24, 2024

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Staff

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Open Access

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Solar

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Utility Scale
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GERC Approves Tariffs of ₹3.24-₹3.30/kWh for 832 MW Wind-Solar  Projects

The Gujarat Electricity Regulatory Commission (GERC) has approved the tariff for Gujarat Urja Vikas Nigam Limited (GUVNL’s) 832 MW power procurement from grid-connected...

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NTPC REL Tenders Land and Power Evacuation Package for 600 MW Solar Project

NTPC Renewable Energy (NTPC REL) has invited bids for the land and power evacuation package for a 600 MW interstate transmission system (ISTS)-connected solar project in...

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Solar Comprises 52% of New US Power Capacity Additions in 2023

For the first time in 2023, solar energy accounted for more than half (52%) of new U.S. grid capacity, with 35% coming from utility-scale solar energy and 17% from...

October 18, 2024

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Staff

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Solar

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Utility Scale
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Average Cost of Large-Scale Solar Projects Dropped by 26% YoY in Q2

The average cost of large-scale solar projects in India fell 2% quarter-over-quarter (QoQ) and 25.7% year-over-year (YoY) in the second quarter (Q2) of 2024. Since Q1...

September 12, 2024

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Ajayan J S

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Mercom Research Focus

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Solar

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Utility Scale
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Onshore Wind and Utility-Scale Solar in the U.S. Have Lowest LCOE

A report by Lazard, an asset management and financial advisory company, found that the low ends of the Levelized Cost of Energy (LCOE) for renewable energy technologies...

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