Sizeable Investments Waiting to be Unlocked in India’s Solar Open Access Market

Sizeable Investments Waiting to be Unlocked in India’s Solar Open Access Market

The total installed solar capacity in the open access market reached 3.6 GW at the end of the calendar year (CY) 2019 and the pipeline of projects under development and ...
Uzbekistan Seeks Foreign Investors to Develop 400 MW of Solar Projects

Uzbekistan Seeks Foreign Investors to Develop 400 MW of Solar Projects

The Ministry of Energy of the Republic of Uzbekistan has invited Expression of Interest (EoI) from international investors to develop nearly 400 MW of solar independent power producer (IPP) projects ...
/ / Solar, Utility Scale
Masdar Announces Plans to Develop 145 MW of Floating Solar Projects in Indonesia

Masdar Announces Plans to Develop 145 MW of Floating Solar Projects in Indonesia

Masdar (or the Abu Dhabi Future Energy Company) announced that it had signed a power purchase agreement (PPA) with Perusahaan Listrik Negara (PLN), Indonesia’s state electricity company, for a 145 ...
IFC to Lend $36 Million to Mahindra Renewables for a 250 MW Solar Project in Rajasthan

IFC to Lend $36 Million to Mahindra Renewables for a 250 MW Solar Project in Rajasthan

The International Finance Corporation (IFC), the financial arm of the World Bank, has announced its plan to lend $36 million (~₹2.57 billion) for a 250 MW solar project by Mahindra ...
Month in a Minute_ Top Headlines from India’s Renewable Sector in December 2019

Month in a Minute: Top Headlines from India’s Renewable Sector in December 2019

The year 2019 wrapped up with a host of newsworthy developments recorded in the renewable energy industry. There were several important company announcements besides crucial government updates during the last ...
A Round Up of Key Policy Updates for Solar and Other Renewables for December

A Round Up of Key Policy Updates for Solar and Other Renewables for December

December witnessed some key policy announcements, both at the central and the state level, aimed at removing the bottlenecks and facilitating the growth of the renewable sector, especially solar. Here ...
/ / Markets & Policy, Solar
Month in a Minute_ Important News Snippets from India’s Renewable Sector in November 2019

Month in a Minute: Important News Snippets from India’s Renewable Sector in November 2019

For the domestic renewable industry, November was a busy month on the investment front. There were several important funding announcements in the Indian renewable sector, along with technological developments and ...
India Added 5.4 GW of Solar in 9M 2019, with 2.2 GW Installed in Q3 2019

India Added 5.4 GW of Solar in 9M 2019, with 2.2 GW Installed in Q3 2019

According to Mercom India Research’s newly released Q3 2019 India Solar Market Update, solar installations in India increased 44% in Q3 2019 reaching 2,170 MW, compared to 1,510 MW in ...
/ / Mercom Research Focus, Other
Adani Green’s Profit for Q2 FY20 Reaches ₹10.2 Million

Adani Green’s Profit for Q2 FY20 Reaches ₹10.2 Million

Adani Green Energy Limited (AGEL), the renewable energy arm of Adani Group, has announced its consolidated results for the first half of the financial year (FY) 2020 and the second ...
Abu Dhabi’s Masdar Set to Acquire a Minority Stake in India’s Hero Future Energies

Abu Dhabi’s Masdar Set to Acquire a Minority Stake in India’s Hero Future Energies

Masdar (or Abu Dhabi Future Energy Company) is set to acquire a minority stake in Hero Future Energies Global Ltd. (HFE UK), and Hero Future Energies Private Ltd (HFE India) according to ...
India and Sweden to Lead UN Leadership Group to Work Towards Sustainability

India and Sweden to Lead UN Leadership Group to Work Towards Sustainability

As global leaders ramp up their efforts to combat climate change, a new leadership group led by India and Sweden has been announced at the UN Climate Action Summit. The ...
/ / Other, Renewable Energy
Mercom Research Focus, Q2 2019, 1H 2019, India Solar Installations, India Solar Market, Renewables, Rooftop Solar, GST, Safeguard Duty, Modules, Export Import, Cumulative Solar Installations, Tariff Caps, Tender and Auction, State Installations, Utility-scale, New Power Addition

1.5 GW of Solar Capacity Installed in India During Q2 2019

Solar installations in India in Q2 2019 witnessed a slight decline with 1,510 MW, a 14% quarter-over-quarter (QoQ) decrease compared to 1,761 MW installed in Q1 2019. Installations were down ...
/ / Markets & Policy, Solar
Online Grocery Retailer Big Basket to Install 1.4 MW of Rooftop Solar Systems

Online Grocery Retailer Big Basket to Install 1.4 MW of Rooftop Solar Systems

Amplus Energy Solutions, a rooftop solar company, has joined forces with Big Basket, an online grocery retailer, to deploy renewable energy installations at its various premises in the country. As ...
/ / Rooftop, Solar
Indian Oil Corporation Plans to Invest ₹250 Billion in Renewable Energy Projects

Indian Oil Corporation Plans to Invest ₹250 Billion in Renewable Energy Projects

The Indian Oil Corporation (IOC) plans to diversify its business verticals and make significant investments to the tune of ₹250 billion (~$3.48 billion) in clean energy projects like solar, wind, ...
/ / Finance and M&A, Other
India’s Solar Power Generation Grows Slower Year-Over-Year Compared to 1H of Last Year

India’s Solar Power Generation Grows Slower Year-Over-Year Compared to 1H of Last Year

In the past few years, solar power generation has increased exponentially in the country, and the electricity generation has crossed over 12 billion units (BUs) in the period between April ...
Energy Vault Raises $110 Million from SoftBank Vision Fund for Gravity-Based Storage

Energy Vault Raises $110 Million from SoftBank Vision Fund for Gravity-Based Storage

Energy Vault, an Idea lab company that has developed a transformative technology to store energy has raised $110 million in Series B funding. The investment was made by SoftBank Vision ...
/ / C&I, Energy Storage
Solar Continues to Shine, Makes Up 8.7% of India’s Total Power Capacity in June 2019

Solar Continues to Shine, Makes Up 8.7% of India’s Total Power Capacity as of June 2019

Renewable energy capacity additions crossed 120 GW mark (including large hydro) and accounted for nearly 35.4% of India’s capacity mix at the end of June 2019. The share of solar ...
GST Introduction to be Treated as Change in Law for Transmission Service Providers: CERC

India’s Transmission Infrastructure Struggles to Keep Up With Wind and Solar Additions

With the expected surge in electricity demand over the coming decade and the rapid installation of solar and wind, India’s transmission and distribution system will require significant expansion sooner than ...
/ / Mercom Research Focus, Other
Southern and Western Regions of India Recorded Zero Power Supply Deficit in Q1_ CEA

Southern and Western Regions of India Recorded Zero Power Supply Deficit in Q1: CEA

During the first quarter (Q1) of the financial year (FY) 2019-20, India’s power supply increased slightly with the power deficit declining to 0.4% from the 0.6% recorded during the Q1 ...
13 GW of Solar Projects Tendered in June as Procurement Activity Surges Post Elections

13 GW of Solar Projects Tendered in June as Procurement Activity Surges Post Elections

The month of June 2019 witnessed a big surge in tender announcements, compared to just 119 MW tendered in May 2019. Solar project auction activity also increased slightly in the ...
Important News Snippets from India’s Renewable Industry in June 2019

Important News Snippets from India’s Renewable Industry in June 2019

In the month of June 2019, the most important news development in India’s renewable industry came from the United States with President Trump ending India’s designation as a beneficiary developing ...
WTO Sides with India in its Solar DCR Trade Tiff with US

WTO Rules in Favor of India in its Solar DCR Trade Tiff with US

After over two years of filing a case against the United States for incentivizing domestic content in solar projects in eight states, India has now won the case at the ...
Renewables to be the Primary Source of Energy by 2040 Surpassing Coal_ BP Energy Outlook

Renewables to be the Primary Source of Energy by 2040 Surpassing Coal: BP Energy Outlook

Renewable energy is the fastest growing source of energy, accounting for around half of the increase in energy and is set to penetrate the global energy system more quickly than ...
Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019

Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019

There was a lag in the rapid pace of activities in the renewable energy sector during the month of May. The ongoing Lok Sabha elections had slowed down the tenders ...
India Added 1.7 GW of Solar PV in Q1 2019, Rooftop Installations Declined

India Added 1.7 GW of Solar PV in Q1 2019, Rooftop Installations Declined

Solar installations in India in Q1 2019 increased slightly at 1,737 MW, 4% growth compared to 1,638 MW installed in Q4 2018. Installations were down by 49% year-over-year (YoY) compared ...