generation

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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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Renewable Captive Projects Accounted for 3.25% of Total Electricity Generated in FY 2022

Renewable energy (wind and solar) accounted for 9.07% of the total installed captive capacity as of March 31, 2022, according to the General Review Report 2023,...

August 23, 2023

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Rakesh Ranjan

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Markets & Policy

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Solar
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Torrent Power Records a 6% YoY Increase in Profit in Q1 FY2023

Gujarat-based power company Torrent Power posted a profit after tax of ₹5.32 billion (~$64.3 million) for the first quarter (Q1) of the financial year (FY) 2023-24, a...

August 11, 2023

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Arjun Joshi

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Other

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Renewable Energy
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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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Total Outstanding Dues of State Power DISCOMs Reduced By Half in a Year

The Union Minister of New Renewable Energy and Power, R. K. Singh, in a written reply to Lok Sabha, stated that the effective enforcement of the Electricity (LPS and...

July 28, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Torrent Power Swings to Profit in Q4 on Higher Generation and Power Demand

Gujarat-based power company Torrent Power posted a profit of ₹4.88 billion (~$58.97 million) for the fourth quarter (Q4) of the financial year (FY) 2022-23 against a...

May 30, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Daily News Wrap-UP: NHPC, SJVN, and NTPC Win GUVNL’s 600 MW Solar Auction

NHPC, SJVN Green Energy, and NTPC Renewable Energy won Gujarat Urja Vikas Nigam’s auction to supply power from 600 MW of grid-connected solar power projects (Phase XVII)...

May 4, 2023

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Mercom Staff

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Daily Wrap-up
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Solar Power Generation in India Rises 31% YoY to 29 BU in Q1 2023

India generated approximately 29 billion units (BU) of solar power in the first quarter (Q1) of the calendar year 2023, a 31% year-over-year (YoY) increase. The...

May 3, 2023

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Arjun Joshi

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Mercom Research Focus

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Solar
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Renewable Energy Dominated US’ Electricity Mix, Outpacing Coal in 2022

Renewable energy sources, including wind, solar, hydro, biomass, and geothermal, exceeded coal-fired power generation in the sector for the first time in 2022 in the U.S....

March 31, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Tata Power’s Rooftop Solar Revenue Grows 41% to ₹5.3 Billion in Q3

Tata Power reported a 91% year-over-year (YoY) jump in net profit to ₹10.52 billion (~$127.6 million) for the third quarter (Q3) of the financial year (FY) 2022-2023,...

February 7, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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REC India’s Q3 Net Profit Rises 3.6% YoY to ₹28.7 Billion on Improved Asset Quality

Government-owned power sector lender REC India posted the highest-ever quarterly net profit at ₹28.78 billion (~$351.37 million) in the third quarter (Q3) of the...

February 1, 2023

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Gourav Mishra

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Finance and M&A

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Other
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India’s Solar Power Generation Rises by 38% YoY to 95.15 BU in 2022

India generated around 95.15 billion units (BU) of solar power in the calendar year (CY) 2022, a 38% increase compared to 68.77 BU generated last year. Solar generation...

January 31, 2023

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Arjun Joshi

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Mercom Research Focus

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Solar
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Rising Renewables to See the US Cut Back on Conventional Power in 2023-24

The Energy Information Administration (EIA) has forecasted an increase in U.S. power generation from new renewable sources, primarily wind and solar, which would cut...

January 20, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Repsol Acquires Clean Energy Investment Platform Asterion Energies for €560 Million

Madrid-based energy and petrochemical company Repsol has acquired renewable energy investment platform Asterion Energies for €560 million (~$595 million) along with...

December 19, 2022

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Gourav Mishra

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Other

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Renewable Energy

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