Markets Policy

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Goldman Sachs Alternatives Invests $440 Million in BrightNight

BrightNight, a renewable energy provider that delivers clean, dispatchable power solutions to utility, commercial, and industrial clients, has secured a $440 million...

August 1, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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Torrent Power’s Profit Grows 87% YoY in Q1 FY 2025

Gujarat-based Torrent Power‘s net profit for the first quarter (Q1) of the financial year (FY) 2024-25 stood at ₹9.96 billion ($118.9 million), an 87%...

July 31, 2024

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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CERC Adopts Tariffs for 1,080 MW Wind-Solar Hybrid Projects

The Central Electricity Regulatory Commission (CERC) has adopted tariffs for 1,080 MW of interstate transmission system (ISTS)-connected wind-solar hybrid power projects...

July 29, 2024

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Arshreet Singh

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Markets & Policy

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Solar

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Wind
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Renewable Energy Adoption by C&I Units Growing in India

Renewable energy adoption by India’s Commercial and Industrial (C&I) sector is experiencing rapid growth, with demand for clean energy solutions increasing...

July 29, 2024

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Gautamee Hazarika

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C&I

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Consumers

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Markets & Policy
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India’s Clean Energy Transition Targets Demand Greater Urgency

India’s energy landscape is on the brink of a transformative shift, driven by the urgent need to address climate change, energy security, and economic growth. The...

July 25, 2024

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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India’s 2024 Budget Push for Domestic Solar Manufacturing

Union Finance Minister Nirmala Sitharaman, in the first Budget under a new coalition government, laid out a series of measures to promote clean energy adoption and...

July 23, 2024

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Arshreet Singh

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Markets & Policy

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Solar
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RTC Renewable Products Must be Redesigned to Meet Demand Curve: Economic Survey

In its Economic Survey 2023-2024 presented to the Parliament by Finance Minister Nirmala Sitaraman, the Union Government has said round-the-clock (RTC) renewable energy...

July 22, 2024

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B.S. Nagaraj

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Markets & Policy

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Renewable Energy
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MNRE to Incentivize Local Bodies for Residential Rooftop Solar Installations

The Ministry of New and Renewable Energy (MNRE) has allocated ₹10 billion (~$119.5 million) to incentivize Urban Local Bodies (ULBs) and Panchayati Raj Institutions...

July 22, 2024

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Gautamee Hazarika

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Markets & Policy

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Rooftop

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Solar
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Germany Adds 3.4 GW of Solar Capacity in Q2 2024, Down from Last Year

Germany installed 3.4 GW of solar power capacity in the second quarter (Q2) of 2024, a 10.5% year-over-year (YoY) decrease from 3.8 GW, according to data published by...

July 22, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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MNRE Issues Guidelines for Incentives to DISCOMS Under PM Surya Ghar Program

The Ministry of New and Renewable Energy (MNRE) has issued the operational guidelines to implement the PM Surya Ghar: Muft Bijli Yojana for the component ‘Incentive to...

July 19, 2024

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Arjun Joshi

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Markets & Policy

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Rooftop

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Solar
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RERC Approves Tariff for 1,000 MW Solar Projects in Rajasthan

The Rajasthan Electricity Regulatory Commission (RERC) has approved the procurement of 1,000 MW of solar power by Rajasthan Urja Vikas & IT Service (RUVITL) from...

July 16, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Himachal Pradesh Commission Approves PPA for 1 MW Solar Project

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has approved the power purchase agreement (PPA) signed between the HP State Electricity Board (HPSEBL) and...

July 16, 2024

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Staff

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Markets & Policy

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Solar
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MERC Approves MSEDCL’s Bid to Procure 5 GW Solar and 1.6 GW Thermal Power

Maharashtra Electricity Regulatory Commission (MERC) has approved Maharashtra State Electricity Distribution Company’s (MSEDCL) petition to procure 5,000 MW of...

July 16, 2024

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Arjun Joshi

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Markets & Policy

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Other Energy

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Solar
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MNRE Adds 2.67 GW of Solar Module Capacity to ALMM

The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 2,674 MW of new solar module capacity. The...

July 9, 2024

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Gautamee Hazarika

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Markets & Policy

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Modules

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Solar
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Odisha Streamlines Rules to Facilitate Rooftop Solar Installations

To accelerate the adoption of rooftop solar, the Odisha Electricity Regulatory Commission (OERC) has announced that as of July 2, 2024, installations of rooftop solar...

July 3, 2024

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Arshreet Singh

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Markets & Policy

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Solar

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