renew

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India’s Top Five Solar Energy Funding Deals in 2024 [Infographics]

According to Mercom’s Q3 2024 India Solar Market Update report, the top five funding deals in India’s solar sector in 2024 saw a 42.85% year-over-year increase, securing...

December 23, 2024

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Melvin Mathew

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Finance and M&A

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Mercom Research Focus

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Solar
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ReNew’s Revenue, Profit Up in Q2 FY25 as Commissioned Renewable Capacity Grows

Independent renewable energy producer ReNew Power reported revenue of ₹29.9 billion ($357 million) during the second quarter (Q2) of the financial year (FY) 2025, a 4.4%...

November 20, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: India Reaches 1 GW Rooftop Solar Capacity in 1H 2024

India added 1.1 GW of rooftop solar capacity in the first half (1H) of calendar year 2024, the highest half-yearly installations to date, according to Mercom India’s...

August 30, 2024

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Mercom Staff

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Daily Wrap-up
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BluSmart Raises ₹2 Billion to Expand EV Charging Network

Electric vehicle (EV) ride-hailing service and charging network firm BluSmart has raised ₹2 billion ($24 million) in a pre-series B funding round. Along with existing...

July 16, 2024

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Namratha A Rai

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Electric Vehicles
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Daily News Wrap-Up: India Adds 1.8 of Solar Open Access Capacity in Q1

India added over 1.8 GW of solar open access capacity in the first quarter of the calendar year 2024, a nearly 152% increase year-over-year compared to 722 MW, according...

June 7, 2024

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Mercom Staff

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Daily Wrap-up
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ReNew Records Net Profit of ₹609 Million in Q4 FY 2024, Up 723% YoY

Independent renewable power producer ReNew recorded a total revenue of ₹24.78 billion (~$296.85 million) for the fourth quarter (Q4) of the financial year (FY) 2023-24,...

June 6, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Apraava, Avaada, ReNew, JSW Win NTPC’s 1.5 GW Tranche III Solar Auction

Apraava Energy, Avaada Energy, ReNew Solar Power (ReNew), and JSW Neo Energy (JSW Energy) have won NTPC’s auction to set up 1,500 MW of interstate transmission system...

May 24, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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ReNew, Waaree and First Solar Lead Solar Manufacturing Capacity Additions in 2023

ReNew, Waaree Energies, First Solar, Adani Solar, and Emmvee Photovoltaic Power led the annual solar module manufacturing capacity additions in the calendar year (CY)...

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Emmvee, Vikram, ReNew Win NTPC REL’s 1.58 GW DCR Solar Modules Auction

Emmvee Photovoltaic Power, Vikram Solar, and ReNew were declared winners in NTPC Renewable Energy’s (NTPC REL) auction to supply 1.58 GW of crystalline solar bifacial...

May 17, 2024

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Satish Shetty

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Modules

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Solar

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Tenders & Auctions
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India’s Solar Market Sees New Leaders Rise in 2023: Mercom Report

India’s solar market witnessed the emergence of new leaders in the calendar year 2023, according to Mercom’s recently released India Solar Market Leaderboard...

May 6, 2024

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Arshreet Singh

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Mercom Research Focus

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Solar
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Swelect, Grew and ReNew Win SECI’s Auction to Supply 400 MW Solar Modules

Swelect Energy Systems, Grew Energy, and ReNew Photovoltaics (ReNew) were declared winners in Solar Energy Corporation of India’s (SECI) auction to manufacture, test,...

April 22, 2024

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Satish Shetty

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Modules

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Solar

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Tenders & Auctions
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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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CERC Approves Tariffs for NTPC’s 1.25 GW Solar Power Projects

The Central Electricity Regulatory Commission (CERC) has approved tariffs discovered through competitive bidding for NTPC’s procurement of 1,250 MW power from...

March 20, 2024

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Staff

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Markets & Policy
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Avaada, ReNew, ENGIE, SAEL, NTPC Win SECI’s 1.5 GW Solar Tranche XIV Auction

Avaada Energy, ReNew Solar Power (ReNew), Solairedirect Energy India (ENGIE), SAEL Industries, and NTPC Renewable Energy were declared winners in the Solar Energy...

March 18, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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CERC Approves Tariff for SECI’s 1,200 MW Wind Power Projects

The Central Electricity Regulatory Commission (CERC) has approved a tariff of ₹2.69 (~$0.0325)/kWh (300 MW, 180 MW, 150 MW) and ₹2.70 (~$0.0326)/kWh (450 MW, 120 MW), in...

March 14, 2024

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Gautamee Hazarika

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Markets & Policy

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Wind

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