india

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REC Records Six-Fold Jump in Renewable Energy Loan Approvals in FY24

Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year (FY) 2023-24,...

April 10, 2024

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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EU, India Invite Expressions of Interest for Battery Recycling Collaboration

The European Union and India have announced a matchmaking platform to foster collaboration among startups working towards battery recycling technologies for electric...

April 10, 2024

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Mercom Staff

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Energy Storage

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Tenders & Auctions
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Renewable Energy Projects Bogged Down by Lack of Transmission Infrastructure

Renewable energy project development is surging across India, resulting in an unprecedented demand for evacuation infrastructure to connect to the grid. According to a...

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EV Sales Sustain Growth Momentum, Up 40% YoY in Q1 2024

Electric vehicle (EV) sales in India reached a record 486,669 units in the first quarter (Q1) of 2024, a jump of over 40% year-over-year (YoY) against the 347,676...

April 1, 2024

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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India’s Total Solar Module Manufacturing Capacity Reached 64.5 GW in 2023

India added 20.8 GW of solar modules and 3.2 GW of solar cell capacity in calendar year (CY) 2023, according to the recently released State of Solar PV Manufacturing in...

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Axis, ReNew, Juniper, Serentica, TPREL Win NTPC’s 3 GW FDRE-II Auction

ABC Cleantech (Axis Energy), Juniper Green Energy, Serentica Renewables India 11 (Serentica Renewables), Tata Power Renewable Energy, and ReNew Solar Power (ReNew) won...

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SECI Invites Bids for 1.2 GW ISTS-Connected Solar Projects with Storage

Solar Energy Corporation of India (SECI) has issued a request for selection (RfS) from project developers to set up 1,200 MW Inter-State Transmission System...

March 18, 2024

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Mercom Staff

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Solar

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Tenders & Auctions
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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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