renewable-energy

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Financial Incentives, Policy Support Top Solar Industry’s 2025 Budget Wishlist

As India’s renewable energy sector continues to grow, the spotlight is on Finance Minister Nirmala Sitharaman as she prepares to present the Union Budget 2025. As...

January 21, 2025

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Arjun Joshi

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Mercom Research Focus

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Solar
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Daily News Wrap-Up: Tripura Floats Consultancy Tender for Pumped Storage Project

The Tripura Renewable Energy Department Agency invited bids for a pre-feasibility report for a pumped hydro storage project in the state. Bids must be submitted by...

January 20, 2025

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Mercom Staff

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Daily Wrap-up
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Concord Biotech to Procure Wind-Solar Power from CleanMax’s Project

Ahmedabad-based pharmaceutical company Concord Biotech has entered into a strategic agreement to acquire a 26% equity stake in CleanMax Everglades, a CleanMax Enviro...

January 17, 2025

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Staff

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Finance and M&A

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Solar
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Japan Bank Signs Agreement to Lend $770 Million to PFC

The Japan Bank for International Cooperation (JBIC) has signed an agreement to set up a credit line of JPY120 billion (~$770.64 million) with the government-owned Power...

January 17, 2025

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Melvin Mathew

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Finance and M&A

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Other

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Renewable Energy
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Pre-Tender Offtake Agreements Will Accelerate Renewables Expansion: Interview

Gurugram-based renewable energy company Datta Power Infra is emerging as a key player in India’s clean energy scenario. It manages a 3.5 GW portfolio in renewable energy...

January 16, 2025

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B.S. Nagaraj

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Other

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Renewable Energy
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How to Monetize Brownfield Transmission Assets to Attract Private Investment

Government agencies in India’s power sector have suggested that states find methods to monetize brownfield electricity transmission assets to attract investments...

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Telangana Draft Policy Aims for 51 GW Renewable Energy Capacity by FY 2035

The Telangana government has issued a draft renewable energy policy aiming to add 51 GW of renewable capacity by the financial year (FY) 2035. The Telangana Renewable...

January 6, 2025

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Melvin Mathew

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Markets & Policy

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Renewable Energy

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Solar

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Wind
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REC’s Loans to Renewable Energy Sector Grew 58% in Q3 2025

Public infrastructure finance company REC has announced a significant increase in loan disbursements for the third quarter (Q3) of the financial year (FY) 2025. The...

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Karnataka Releases Draft Regulations for Grid Ancillary Services

The Karnataka Electricity Regulatory Commission (KERC) has released draft regulations to strengthen the framework for ancillary services to maintain the state’s grid....

January 6, 2025

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Tina Freese

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Other Energy

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Renewable Energy
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TPTCL Seeks Interest from Utilities and C&I Consumers for 500 MW Renewable Energy

Tata Power Trading Company (TPTCL), a wholly-owned subsidiary of Tata Power, has issued an expression of interest (EoI) from consumers, distribution utilities, and and...

January 3, 2025

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Tina Freese

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Renewable Energy

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Tenders & Auctions
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IREDA’s Loan Approvals for Renewables Grows 129% YoY

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported an increase in loan approvals and disbursements for the year ending December 31,...

January 2, 2025

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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US Data Center Electricity Demand Could Triple by 2028: Berkeley Lab

The U.S.’s electricity demand for data centers has tripled over the last decade. It is expected to further double or triple by 2028, according to the report published by...

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ACME Renewtech Secures ₹19.88 Billion for 300 MW Wind-Solar Hybrid Project

ACME Renewtech, a subsidiary of solar energy company ACME Solar Holdings, has secured  ₹19.88 billion (~$232.3 million) in term loan financing from the Power Finance...

December 27, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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UltraTech Cement to Source Wind-Solar Hybrid Power from Clean Max

UltraTech Cement, an Aditya Birla Group company, has announced that it will source renewable energy in captive mode from CleanMax’s special-purpose vehicle (SPV), Clean...

December 25, 2024

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Tina Freese

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Finance and M&A

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Solar

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Wind
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Rising PPA Tariffs Adding to Landed Costs of Solar Open Access Installations

The landed cost of third-party solar open access projects of high-tension (HT) industrial consumers increased in 12 of the 15 states included in Mercom’s recently...

December 23, 2024

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Tarun Kothamasu

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Mercom Research Focus

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Open Access

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Solar

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