India Poised to Drive Global Energy Demand Growth: bp Report

India Poised to Drive Global Energy Demand Growth: bp Report

The global energy system is fundamentally restructuring and becoming more diverse, driven by customer needs and increased competition between fuels, said the latest bp Energy Outlook 2020. The report highlights ...
/ / Other, Renewable Energy
Solar and Wind Installations Outshine Fossil Fuel-Based Installations in 2019_ Report

Solar and Wind Installations Outshine Fossil Fuel-Based Installations in 2019: Report

As the world embraces renewable energies to combat the disastrous effects of climate change, solar and wind power installations continue to surge despite challenges. BloombergNEF’s (BNEF) Power Transition Trends 2020 ...
/ / Other, Renewable Energy
To Boost Liquidity, RBI Increases Priority Sector Lending Limit for Renewable Energy

To Boost Liquidity, RBI Increases Priority Sector Lending Limit for Renewable Energy

The Reserve Bank of India (RBI) has introduced several policy measures to enhance liquidity support for the financial market and other stakeholders to ease the financial stress caused by the ...
/ / Other, Renewable Energy
Tata Power to Set Up Infrastructure Investment Fund to Bolster Its Renewable Business

Tata Power to Set Up Infrastructure Investment Fund to Bolster Its Renewable Business

Tata Power announced that its board of directors had given its in-principle approval for setting up an infrastructure investment fund (InvIT) for the company’s renewable business. The Mumbai-based power electric ...
India Overtakes Japan as the Fifth Largest Hydropower Generator in the World_ IHA Report

India Overtakes Japan as the Fifth Largest Hydropower Generator in the World: IHA Report

The International Hydropower Association (IHA) has released its 2020 Hydropower Status Report, which notes that India overtook Japan as the fifth largest hydropower generator in the world with an installed ...
India’s Carbon Emission Level Drops Sharply Amid COVID-19 Lockdown

India’s Carbon Emission Level Drops Sharply Amid COVID-19 Lockdown

The economic downturn, growth of the renewable sector, and the impact of COVID-19 pandemic have achieved what was earlier thought impossible. A combination of these factors has led to a ...
Share of Solar & Wind Rose Despite Depressed Global Power Demand Amid Pandemic_ IEA

Share of Solar & Wind Rose Despite Depressed Global Power Demand Amid Pandemic: IEA

Until mid-April 2020, countries that were under complete lockdown due to coronavirus experienced a decline of 25% in energy demand per week. Whereas, in countries that were under partial lockdown, ...
Energy Storage in Emerging Markets to Increase by Over 40% Every Year Until 2025_ IRENA

Energy Storage in Emerging Markets to Increase by Over 40% Every Year Until 2025: IRENA

Battery storage systems are emerging as a potential solution for integrating solar and wind renewables in power systems across the globe. The systems have the unique capability to absorb quickly, ...
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 ...
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