solar

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Bengaluru Apartment Complex Adopts Solar, Saves ₹4 Million in Power Costs

A residential apartment complex in Bengaluru is saving up to ₹4 million (~$47,768) annually by installing a rooftop solar system. By switching to clean energy, the...

August 2, 2024

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Namratha A Rai

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Rooftop

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Solar
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China Adds 57 GW of Solar Power Capacity in Q2 2024, Up 24% YoY

China continued its aggressive push towards clean energy, adding 56.74 GW of solar power capacity in the second quarter of 2024, a 24% year-over-year growth, according...

August 2, 2024

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Arshreet Singh

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Solar
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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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Key to India’s Energy Independence Lies in Transformative Solar Technologies

The transformative technologies reshaping the energy landscape were explored during the session titled “Exploring Next-Generation Technologies Driving the Clean...

August 1, 2024

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Arjun Joshi

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Other

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Technology
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Oorja Raises $1.5 Million to Deploy Agri-Energy Infrastructure

Delhi-based solar irrigation services company Oorja Development Solutions closed its Pre-Series A funding round, raising $1.5 million from six investors. The company...

August 1, 2024

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Staff

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Finance and M&A

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Solar
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SECI Floats Tender for 2 GW ISTS-Connected Solar Projects with Storage

The Solar Energy Corporation of India (SECI) has invited bids to set up 2,000 MW inter-state transmission system (ISTS)-connected solar power projects with 1,000 MW/4,...

August 1, 2024

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Arjun Joshi

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Solar

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Tenders & Auctions
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Funding and M&A Roundup: Battery Maker Addionics Raises $39 Million

From: Mercom Capital Group Addionics, an Israel-based chemistry-agnostic battery technology company, raised $39 million in a Series B funding round. The round was co-led...

July 31, 2024

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Staff

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Finance and M&A

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Other
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Winners of Mercom’s 2024 Renewable Industry Awards Announced

At the ongoing Mercom India Renewables Summit 2024 in New Delhi, Mercom India announced the winners of the fourth annual Mercom India Awards. These prestigious awards...

July 25, 2024

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Staff

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Renewable Energy
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ITI Floats Tender for 18 MW Rooftop Solar Projects in Jammu and Kashmir

ITI Limited, a public sector undertaking under the Department of Telecommunication, has invited bids to empanel agencies for 18 MW grid-connected rooftop solar...

July 24, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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Funding and M&A Roundup: Peak Energy Secures $55 Million

Peak Energy, a sodium-ion battery manufacturer, secured $55 million in a Series A funding round led by Xora Innovation, Temasek’s Early-Stage deep-tech investing...

July 24, 2024

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Arjun Pradeep

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Finance and M&A

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Other
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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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Current Renewable Energy Growth Rate Falls Short of 2030 Target: IRENA

The International Renewable Energy Agency (IRENA) has released a new report saying the world must achieve a minimum annual growth rate of 16.4% in renewable energy...

July 22, 2024

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Arjun Joshi

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Other

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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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Made-to-Order: The Future of Hybrid Power Projects

India’s renewable energy projects have evolved from standalone solar and wind installations to highly customized hybrid power projects, often incorporating energy...

July 19, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Solar Industry’s 2024 Budget Wishlist: Tax Cuts, GST Reforms and Fiscal Incentives

With India’s aggressive clean energy push likely to sustain the momentum it has seen in recent years, all eyes are on the Union Budget 2024 to be presented by...

July 19, 2024

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Gautamee Hazarika

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Mercom Research Focus

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Renewable Energy

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