fossil-fuel

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India’s Solar Power Generation Up 10% YoY in 2023 Despite Lower Capacity Additions

India generated around 104.83 billion units (BU) of solar power in the calendar year (CY) 2023, a 10.17% increase from 95.15 BU generated in 2022, according to the...

February 12, 2024

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Tarun Kothamasu

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Markets & Policy

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Mercom Research Focus

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Solar
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India’s Solar Power Generation Up 19% YoY in Q3 2023

India generated approximately 27 billion units (BU) of solar power in the third quarter (Q3) of the calendar year (CY) 2023, up 19% year-over-year (YoY), according to...

November 16, 2023

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Staff

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Mercom Research Focus

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Solar
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India’s Solar Power Generation Up 21% YoY in Q2 2023

About 30 billion units (BU) of solar energy was generated in the second quarter (Q2) of the calendar year (CY) 2023, a 20.8% year-over-year (YoY) increase. Solar...

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IFC Invests ₹6 Billion in Mahindra’s New Last-Mile Mobility Firm

The International Finance Corporation IFC, a member of the World Bank Group, has announced an investment of ₹6 billion (~$72.9 million) in a subsidiary of Mahindra &...

March 23, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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Lithium Find Boosts India’s Efforts for Energy Independence by 2047

India’s edge in renewable generation and the recent discovery of vast lithium reserves, along with deep cost reductions in clean technology, can enable a pathway for...

March 16, 2023

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Gautamee Hazarika

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Electric Vehicles

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Energy Storage

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Renewable Energy
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Share of Renewables in Global Power Generation Mix to Reach 35% by 2025

As the global demand for electricity is expected to grow at an average rate of 3% annually over the next three years, renewables and nuclear power would also increase to...

February 8, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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In a First, Wind and Solar Projects Met Over 10% of Global Electricity Demand in 2021: BNEF

The world’s wind and solar projects combined met more than a tenth of global electricity demand for the first time in 2021, according to research company...

September 23, 2022

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Vijayalakshmi Sridhar

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Markets & Policy

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Solar
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Renewable Projects Remain Cost-Competitive Through 2021 Amid Fuel Crisis

Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices were yet to impact project costs fully. The cost of electricity...

July 20, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Fossil Fuel-Based Cogeneration Project in Andhra Pradesh Exempted from RPO Compliance

The Andhra Pradesh Electricity Regulatory Commission (APERC), in a recent order, ruled that energy generated from the circulating fluidized bed combustion (CBFC) boiler...

September 27, 2021

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Rakesh Ranjan

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Markets & Policy

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Solar
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Shree Cement to Develop 106 MW of Solar Projects to Meet its Captive Power Needs

Kolkata-based cement manufacturer Shree Cement plans to develop 106 MW of solar power projects to meet the captive power needs of its cement manufacturing facilities at...

September 15, 2021

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Harsh Shukla

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Solar

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Utility Scale
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Over 260 GW of Renewables Added Globally in 2020, Beating the Previous Record by 50%

According to data released by the International Renewable Energy Agency (IRENA), the world added more than 260 GW of renewable energy capacity in 2020. Global renewable...

April 11, 2021

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Staff

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Other

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Renewable Energy
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Shell to Annually Invest $5-6 Billion in Renewables, Low-Carbon Fuels & EV Charging

Global energy conglomerate, Royal Dutch Shell, has said it will invest $5-6 billion annually in its Growth Pillar, including $2-3 billion in renewables and energy...

February 12, 2021

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Rahul Nair

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Other

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Renewable Energy
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Pathways for US to Meet Net Zero, Net Negative CO2 Emissions by 2050: Report

The American Geophysical Union (AGU) has published a report claiming to have created multiple pathways to help the United States meet net-zero and net negative CO2...

February 6, 2021

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Rahul Nair

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Other

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Renewable Energy
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IFC Asks Clients to Not Invest in Companies That Do Not Want to Exit Coal

International Finance Corporation (IFC), the financial arm of the World Bank Group, is advising its clients in the financial sector to increase their climate-related...

September 23, 2020

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Debjoy Sengupta

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Other

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Other Energy
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US Companies Ask Insurers to Say No to Fossil-Fuel and Support Renewable Businesses

Sixty U.S. companies have teamed up to persuade American insurers to ditch fossil fuel-based businesses. In a letter to insurers, these businesses said: “As insurance...

September 21, 2020

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Debjoy Sengupta

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Other

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Other Energy

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