generation

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Enabling Policies Drive Rajasthan’s Solar Open Access Projects in Q1 2024

According to Mercom India’s Q1 2024 Solar Open Access Market Report, India added 1.8 GW of solar open access capacity in Q1 2024, with Rajasthan leading with...

August 2, 2024

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Joydeep Sinha Roy

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Mercom Research Focus

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Open Access

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Solar
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Andhra Sees Growth in Solar Open Access Capacity Additions in Q1 2024

Andhra Pradesh experienced renewed growth in open access solar capacity additions in Q1 2024, after a weak four quarters in 2023. The state accounted for the...

July 2, 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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Solar Power Generation in India Rises 8.8% YoY to 32 BU in Q1 2024

India generated approximately 32 billion units (BU) of solar power in the first quarter (Q1) of the calendar year (CY) 2024, an 8.8% year-over-year (YoY) increase. The...

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India’s Solar Power Generation Up 6.9% YoY in 2023 Despite Lower Capacity Additions

India generated around 113.4 billion units (BU) of solar power in the calendar year (CY) 2023, a 19.18% increase from 95.15 BU generated in 2022, according to the recent...

February 12, 2024

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Tarun Kothamasu

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Markets & Policy

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Mercom Research Focus

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Solar
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India’s Solar Power Generation Up 19% YoY in Q3 2023

India generated approximately 27 billion units (BU) of solar power in the third quarter (Q3) of the calendar year (CY) 2023, up 19% year-over-year (YoY), according to...

November 16, 2023

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Staff

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Mercom Research Focus

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Solar
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Renewable Captive Projects Accounted for 3.25% of Total Electricity Generated in FY 2022

Renewable energy (wind and solar) accounted for 9.07% of the total installed captive capacity as of March 31, 2022, according to the General Review Report 2023,...

August 23, 2023

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Rakesh Ranjan

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Markets & Policy

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Solar
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Torrent Power Records a 6% YoY Increase in Profit in Q1 FY2023

Gujarat-based power company Torrent Power posted a profit after tax of ₹5.32 billion (~$64.3 million) for the first quarter (Q1) of the financial year (FY) 2023-24, a...

August 11, 2023

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Arjun Joshi

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Other

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Renewable Energy
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India’s Solar Power Generation Up 21% YoY in Q2 2023

About 30 billion units (BU) of solar energy was generated in the second quarter (Q2) of the calendar year (CY) 2023, a 20.8% year-over-year (YoY) increase. Solar...

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Total Outstanding Dues of State Power DISCOMs Reduced By Half in a Year

The Union Minister of New Renewable Energy and Power, R. K. Singh, in a written reply to Lok Sabha, stated that the effective enforcement of the Electricity (LPS and...

July 28, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Torrent Power Swings to Profit in Q4 on Higher Generation and Power Demand

Gujarat-based power company Torrent Power posted a profit of ₹4.88 billion (~$58.97 million) for the fourth quarter (Q4) of the financial year (FY) 2022-23 against a...

May 30, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Daily News Wrap-UP: NHPC, SJVN, and NTPC Win GUVNL’s 600 MW Solar Auction

NHPC, SJVN Green Energy, and NTPC Renewable Energy won Gujarat Urja Vikas Nigam’s auction to supply power from 600 MW of grid-connected solar power projects (Phase XVII)...

May 4, 2023

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Mercom Staff

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Daily Wrap-up
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Solar Power Generation in India Rises 31% YoY to 29 BU in Q1 2023

India generated approximately 29 billion units (BU) of solar power in the first quarter (Q1) of the calendar year 2023, a 31% year-over-year (YoY) increase. The...

May 3, 2023

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Arjun Joshi

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Mercom Research Focus

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Solar
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Renewable Energy Dominated US’ Electricity Mix, Outpacing Coal in 2022

Renewable energy sources, including wind, solar, hydro, biomass, and geothermal, exceeded coal-fired power generation in the sector for the first time in 2022 in the U.S....

March 31, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Tata Power’s Rooftop Solar Revenue Grows 41% to ₹5.3 Billion in Q3

Tata Power reported a 91% year-over-year (YoY) jump in net profit to ₹10.52 billion (~$127.6 million) for the third quarter (Q3) of the financial year (FY) 2022-2023,...

February 7, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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REC India’s Q3 Net Profit Rises 3.6% YoY to ₹28.7 Billion on Improved Asset Quality

Government-owned power sector lender REC India posted the highest-ever quarterly net profit at ₹28.78 billion (~$351.37 million) in the third quarter (Q3) of the...

February 1, 2023

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Gourav Mishra

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Finance and M&A

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Other

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