NTPC Subsidiary Issues EPC Tender for 500 MW of Solar Projects

NTPC Subsidiary Issues EPC Tender for 500 MW of Solar Projects

NTPC Renewable Energy, a wholly owned subsidiary of NTPC, has invited bids for the engineering, procurement, and construction package with land development for 500 MW of inter-state transmission system (ISTS) ...
50% of India’s Planned Solar Module Capacity to be in Gujarat

50% of India’s Planned Solar Module Capacity to be in Gujarat

As India prepares to build out its solar module manufacturing capacity, Gujarat has emerged as an overwhelmingly favorite destination for domestic manufacturers, accounting for more than half of the country’s ...
Greenko to Source Electrolyzers from John Cockerill for Green Ammonia Plant

Greenko to Source 28 Units of 5 MW Electrolyzers for Green Ammonia Plant

Hyderabad-headquartered Greenko Group has entered into a partnership with Belgium-based engineering company John Cockerill for the supply of 140 MW alkaline electrolyzers for large-scale applications. The electrolyzers will be used ...
Month in a Minute Top Headlines from Indian Renewable Sector in January 2023

Month in a Minute: Top Headlines from Indian Renewable Sector in January 2023

Here is a recap of important headlines from January 2023: India's solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 ...
/ / Other, Renewable Energy
Union Budget 2023: Substantial Capital outlay to expedite Green Energy Transition

Focus on Green Energy Transition at the Core of Union Budget 2023

The Union Finance Minister Nirmala Sitharaman laid out an expansive budgetary outlay for expediting green transition as she identified ‘Green Growth’ as one of the seven pillars for Budget 2023 ...
India’s Solar Power Generation Rises by 38% YoY to 95.15 BU in 2022

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 has seen ...
/ / Mercom Research Focus, Solar
Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

India's solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 GW by the end of the calendar year ...
Energy Storage Sector Upbeat For 2023 Despite Cost, Supply Chain Challenges

Energy Storage Sector Upbeat for 2023 Despite Cost, Supply Chain Challenges

India’s renewable energy growth plans are closely tied to energy storage to mitigate the intermittency of renewable sources as the country strives to meet the rising round-the-clock (RTC) clean energy ...
India's Wind Installations Increased 8% YoY to 229 MW in Q4 2022

India’s Wind Installations Increased 8% YoY to 229 MW in Q4 2022

Total wind capacity installations in India increased year-over-year (YoY) by 8%, with 229 MW added in the fourth quarter (Q4) of 2022 against 212 MW installed during Q4 2021. However, ...
Industry Expects Electric Vehicle Sales to Build on Blockbuster 2022

Industry Expects Electric Vehicle Sales to Build on Blockbuster 2022

The electric vehicle (EV) industry is entering the new year on the back of blockbuster sales in 2022 when it clocked one million units, a growth of over 300%, as ...
World Bank To Provide $200 Million for Two Solar Projects in India

World Bank To Provide $200 Million for Two Solar Projects in India

The World Bank has signed agreements with the Government of India and the Solar Energy Corporation of India (SECI) for loans and grants worth $200 million to deploy renewable energy ...
/ / Finance and M&A, Other, Solar
Asian Development Bank Proposes Business Models for Rooftop Solar in India

Asian Development Bank Proposes Business Models for Rooftop Solar in India

The Asian Development Bank (ADB) has suggested various business models for the deployment of rooftop solar systems in India on a larger scale with utilities as the primary stakeholders. It ...
/ / Rooftop, Solar
Husk Power Secures $750,000 in Debt Financing to Expand Operations

Husk Power Secures $750,000 in Debt Financing to Expand Operations

Husk Power Systems, a solar microgrids operator, has secured a $750,000 loan from German Investment Corporation -  Deutsche Investitions- und Entwicklungsgesellschaft (DEG) to support the company’s expansion of India operations ...
FDI Inflows into India’s Renewable Sector Fell by 51% QoQ in Q2 FY 2023

FDI Inflows into India’s Renewable Sector Fell by 51% QoQ in Q2 FY 2023

Foreign Direct investment (FDI) in India’s renewable energy sector stood at $461.51 million (~₹38.22 billion) in the second quarter (Q2) of the financial year (FY) 2023, a 51% fall compared ...
Month in a Minute Top Headlines from Indian Renewable Sector in December 2022

Month in a Minute: Top Headlines from Indian Renewable Sector in December 2022

India installed around 596 MW of open access solar capacity in the third quarter (Q3) of the calendar year (CY) 2022, an increase of 91% year-over-year. The figure was revealed ...
/ / Other, Renewable Energy
India’s Top Five Corporate Funding Deals by Solar Companies in 2022 Infographics

India’s Top Five Corporate Funding Deals by Solar Companies in 2022 [Infographics]

Large Indian renewable companies continued attracting various financing types from International investment groups in 2022. Here are the top five corporate funding deals in India during the year: Adani Green ...
Top Five States for Utility-Scale Solar Installations in 2022

Top Five States for Utility-Scale Solar Installations in 2022 [Infographics]

The utility-scale solar installations in India stood at 52.71 GW, according to Mercom India Research’s latest available data at the end of the January-September period (9M). The full-year number for 2022 ...
/ / Mercom Research Focus, Solar
MNRE Asks State Agencies to Implement Rules for Faster Rooftop Solar Adoption

MNRE Asks State Agencies to Implement Rules for Faster Rooftop Solar Adoption

The Ministry of New and Renewable Energy (MNRE) has written to State Electricity Regulatory Authorities (SERCs) and power distribution companies (DISCOMs) across the country reiterating that they must expedite the ...
/ / Markets & Policy, Rooftop, Solar
Uttar Pradesh Open Access Market is Attracting New Interest

Uttar Pradesh Open Access Market is Attracting New Interest

Uttar Pradesh has begun to witness an increased interest from solar open access developers and consumers due to the wide-ranging and attractive concessions proposed for the sector in the solar ...
India's Solar Module Exports to the US Surge With Ban on Chinese Imports

India’s Solar Module Exports to US Surge With Ban on Chinese Imports

India recorded a massive jump in solar module exports to the United States in the last quarter, which is attributable primarily to the latter's sanctions on Chinese imports. It has ...
India Could Attract $1.6 Trillion to Developing Technology to Tackle Climate Change

India Could Attract $1.6 Trillion for Developing Technology to Tackle Climate Change

The steadily rising temperatures due to climate change could create investment opportunities worth $1.6 trillion by 2040 in alternative and innovative energy-efficient technologies used to keep spaces cool, a new ...
Month in a Minute Top Headlines from Indian Renewable Sector in November 2022

Month in a Minute: Top Headlines from Indian Renewable Sector in November 2022

Here is a recap of important headlines from November 2022: India generated around 70.24 billion units (BU) of solar power in the first nine months (9M) of the calendar year ...
/ / Other, Renewable Energy
India Adds Over 1.9 GW of Open Access Solar in 9M 2022, Installations Up by 96%

India Adds Around 1.9 GW of Open Access Solar in 9M 2022, Installations Up by 96%

India installed around 1.9 GW of open access solar capacity in the first nine months (9M) of the calendar year (CY) 2022, an increase of 96% year-over-year (YoY), according to ...
Storage Startup Gravitricity Secures £194,000 for Tech Demonstration in India

Storage Startup Gravitricity Secures £194,000 for Tech Demonstration in India

Edinburgh-based storage startup Gravitricity has secured £194,000 ($233,174) from the United Kingdom government to find demonstration sites in India suitable for their gravity energy storage technology. The project aims to ...
/ / Other, Renewable Energy
India-Denmark Collaborative Study Identifies 15 Offshore Wind Sites

India-Denmark Collaborative Study Identifies 15 Offshore Wind Sites

A Danish-Indian collaborative study, which aims to support India’s 30 GW offshore wind target by 2030, has identified fifteen zones for the first offshore wind development project. The study was ...
/ / Markets & Policy, Wind