india

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New EV Policy Pushes Global Players to ‘Build in India’

The government, in a bid to promote India as a manufacturing destination for electric vehicles (EVs), is offering international manufacturers a reduced customs duty rate...

March 15, 2024

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Staff

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Electric Vehicles
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Government Launches ₹5 Billion Program to Promote Electric Mobility

The Ministry of Heavy Industries (MHI) has launched the Electric Mobility Promotion Program 2024 with a funding of ₹5 billion (~$60.34 million). The program is scheduled...

March 14, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Axis Energy, Juniper, ACME and ReNew Win NTPC’s 1.5 GW Wind-Solar Auction

ABC Cleantech (Axis Energy), Juniper Green Energy, ACME Cleantech Solutions, and ReNew Solar Power (ReNew) were declared winners in NTPC’s auction for the supply of 1.5...

March 13, 2024

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Satish Shetty

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Other

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Solar

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Tenders & Auctions

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Wind
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Average Cost of Large-Scale Solar Projects Drop 27% YoY in Q4 2023

The average cost of large-scale solar power projects in India declined by 26.6% year-over-year (YoY) in the fourth quarter (Q4) of 2023 following a drop in module prices....

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Daily News Wrap-Up: India’s Adds 3.2 GW of Solar Open Access in 2023

India achieved a record-breaking annual installation of solar open access, adding 3.2 GW, in the calendar year 2023, a marginal increase from the 3 GW installed in the...

March 11, 2024

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Mercom Staff

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Daily Wrap-up
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India Adds 190 MT of CO2 as Global Emissions Hit a Record in 2023: IEA Report

India’s weakened monsoon spell, coupled with the country’s strong GDP growth, added nearly 190 million tons (MT) of CO2 to global emissions, according to a report by the...

March 5, 2024

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Staff

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Renewable Energy
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U-Solar, Ryse Energy Partner for Hybrid Renewable Project in Sri Lanka

India-based solar energy developer and EPC company U-Solar Clean Energy Solutions has partnered with Ryse Energy, a distributor of renewable energy solutions...

March 4, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar

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Wind
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India’s Rooftop Solar Installations Reach 1.7 GW in 2023

India installed 1.7 GW of rooftop solar capacity in 2023, the second-highest annual installation numbers on record, according to Mercom India Research’s newly...

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First Solar Swings to Profit in Q4 on Strong US Demand

U.S.-based solar module manufacturer First Solar reported a fourth-quarter (Q4) net income of $349 million, swinging to profit from last year’s loss of $7.5 million, as...

February 28, 2024

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Staff

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Finance and M&A
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Seek Deferment of CBAM by Three Years, Parliamentary Panel Tells Government

A parliamentary committee has asked the government to seek postponement of the application of the European Union’s Carbon Border Adjustment Mechanism (CBAM) to the Micro,...

February 16, 2024

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B.S. Nagaraj

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Other

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Renewable Energy
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TOPCon Module Tech Trumps HJT in Cost-Sensitive Indian Solar Market

As solar technology evolves to keep up with the increasing adoption to help lower manufacturing costs and increase the efficiency of solar modules, Indian solar module...

February 7, 2024

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Satish Shetty

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Manufacturing

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Solar

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Technology
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Jabalpur Municipal Corporation Floats Consultancy Tender for 10 MW Solar Projects

The Municipal Corporation of Jabalpur has invited proposals from eligible consultants to set up 10 MW solar projects under captive/net metering mode to supply power to...

February 1, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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India Signs ₹2 Billion Lithium Exploration Pact with Argentina

Khanij Bidesh India (KABIL) has signed an agreement with the Argentina-based mining company Catamarca Minera Y Energetica Sociedad Del Estado (CAMYEN SE) for the...

January 16, 2024

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Staff

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Other

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Renewable Energy
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Mahindra, Ontario Teachers Launch ₹22.63 Billion Renewable Infra Investment Trust

Mahindra Group and Ontario Teachers’ Pension Plan Board have announced an Infrastructure Investment Trust (InvIT), dubbed Sustainable Energy Infra Trust (SEIT), with an...

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Solar and Wind Capacities to Reach 710 GW Globally by 2028: IEA

Renewable electricity capacity additions soared globally in 2023, reaching an estimated 507 GW. This marked a nearly 50% increase from the previous year, driven by...

January 15, 2024

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Arjun Joshi

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Other

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Renewable Energy

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