IEX Launches Daily and Weekly Contracts on its Green Term-Ahead Trading Platform
The Indian Energy Exchange Limited (IEX) said it launched green daily and green weekly contracts on its green market trading platform. The contracts will be available for both solar and ...
Adani Solar’s Mundra Unit to Expand its Cell and Module Manufacturing Capacity by 2 GW
Adani Solar plans to expand its cell and module manufacturing facility with an additional capacity building of 2 GW. “The new capacity will come online in 2021. The proposed capacity ...
Solar Installations in India Picked Up Speed With 438 MW Added in Q3 2020
India added 438 MW of solar in the third quarter of 2020 (Q3 2020), a 114% rise over last quarter's 205 MW, according to Mercom India Research's newly released Q3 2020 ...
Sungrow, FIMER, Sineng Were Major Solar Inverter Suppliers to India in 1H 2020
Sungrow, FIMER India (formerly ABB), and Sineng Electric were top solar inverter suppliers overall to the Indian solar market in the first half (1H) of the calendar year (CY) 2020, ...
IEX’s Real-Time Market Trades 814 Million Units of Power in October
The Indian Energy Exchange (IEX) announced that its real-time electricity market (RTM) witnessed a total trade volume of 814 million units (MU) of power in October 2020, up 16% from ...
VC funding for Battery Energy Storage Companies Was up 78% With $661 Million in Q3
Global corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors was up 165% in the third quarter of ...
Power Exchanges Hoping to Resume REC Trading by October End
Power exchanges might resume trading renewable energy certificates (RECs) in October after the Appellate Tribunal for Electricity (APTEL) issued an order postponing their trade early August. Renewable Energy Certificates “REC ...
India Installs Just 205 MW of Solar Capacity in Q2 2020
India added only 205 MW of solar capacity in the second quarter of 2020 (Q2 2020), an 81% decline from the previous quarter's 1,090 MW of additions. The findings were ...
IEX’s New Real-Time Power Market Sees Over 515 Million Units of Trading Volume in June
The Indian Energy Exchange (IEX) announced that its new real-time electricity trading platform had enabled a trading volume of 515.46 million units (MUs) of power in June 2020, its first ...
Sale of Electric Cars Likely to Touch 10 Million Mark in 2020: IEA Report
The number of electric cars plying on the road is expected to touch almost 10 million in 2020, with sales growing despite the coronavirus pandemic, according to a new report ...
ReNew Power, NLC India, and Azure Power, Top Utility-Scale Solar Developers in 2019
ReNew Power, NLC India, and Azure Power emerged as the top utility-scale solar project developers in India in terms of installed capacity in the calendar year (CY) 2019, according to ...
Solar and Non-Solar REC Trading Plummets in April
Due to the lockdown caused by the coronavirus (COVID-19) pandemic, there was a significant decrease in the trade volume of both solar and non-solar renewable energy certificates (RECs) in April ...
CDPQ’s Share in Azure Power Rises to 50.9%
Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional investors, has acquired an additional 717,701 shares from a shareholder of Indian independent power producer Azure Power ...
Indian Solar Industry Optimistic Going Into 2020
After a somewhat disappointing year, the domestic solar industry’s hopes are pinned on 2020. Towards the end of 2019, Mercom revised its estimates for the calendar year (CY) 2019 down ...
October’s Solar REC Trading Sees Record High Price of ₹2,400
In October’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded compared with the trading activity recorded in ...
Report Finds Municipalities Could Boost Rooftop Solar Adoption Using Bonds
Although India has so far installed nearly 1.6 GW of rooftop solar capacity, it needs to add another 38.4 GW more if it is going to achieve its targeted goal of ...