Multi-faceted Approach Key to Scaling Green Hydrogen Production in India
Green hydrogen is emerging as a key solution to decarbonize hard-to-abate sectors. However, the key to adoption depends on the availability of renewable energy, large-scale manufacturing of electrolyzers, and off-takers. On the first day of the Mercom India Renewables Summit 2024 in New Delhi, experts discussed strategies to scale green hydrogen production and create a […]
Read MoreInspire Clean Energy Wins Mercom India’s Second Startup Pitch Competition
Inspire Clean Energy, a Mumbai-based solar asset, operations and maintenance management company, emerged as the winner of Mercom’s Second Startup Pitch Competition for Cleantech Companies, held during the Mercom India Renewables Summit 2024, a flagship annual event where industry leaders converge to discuss the future of clean energy in India. The company was chosen as the winner […]
Read MoreDaily News Wrap-Up: Winners of 4th Annual Mercom India Awards Announced
At the Mercom India Renewables Summit 2024 in New Delhi, Mercom India announced the winners of the fourth annual Mercom India Awards. These prestigious awards honor the exceptional contributions of organizations that are propelling India’s clean energy transition and championing the country’s environmental goals through remarkable innovation and visionary leadership. The awards recognize each project’s […]
Read MoreJSW, Hero, Vena, Hexa Climate and Serentica Win SECI’s 630 MW FDRE Auction
JSW Neo Energy (JSW Energy), Hero Solar Energy (Hero Future Energies), Vena Energy, Hexa Climate Solutions and Serentica Renewables won significant capacities in Solar Corporation of India’s (SECI) auction to supply 630 MW of firm and dispatchable renewable energy (FDRE) from inter-state transmission (ISTS)-connected projects anywhere in India under FDRE Tranche IV. JSW Energy quoted […]
Read MoreAdani Green’s Q1 FY 2025 Revenue Rises 24% on Higher Capacity
Renewable energy company Adani Green Energy (AGEL) reported that its revenue surged by 24% year-over-year to ₹25.28 billion (~$301 million) in the first quarter of financial year 2025, driven primarily by capacity additions. The revenue growth was accompanied by a 23% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA), which reached ₹23.74 billion […]
Read MoreWinners 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 honor the exceptional contributions of organizations that are propelling India’s clean energy transition and championing the country’s environmental goals through remarkable innovation and visionary leadership. The awards recognize each […]
Read MorePolicies Must Focus on Entire Value Chain of Domestic Solar Manufacturing
India is working to enhance its domestic manufacturing capabilities for renewable energy projects and to fortify local supply chains to achieve its clean energy goals. The country’s domestic solar manufacturing sector is experiencing a significant transformation driven by government initiatives and industry commitment. As the country strives for self-reliance in renewable energy production, key stakeholders […]
Read MoreRays Power Infra Raises ₹1.27 Billion Via Equity Sale
Solar EPC and turnkey solution provider Rays Power Infra has raised ₹1.27 billion (~$15.17 million) in equity capital from a clutch of high-net-worth individuals, family offices, funds, and partners in alternative investment funds. The round brings the company’s total funding to nearly ₹2 billion (~$23.89 million). The company maintained a stake dilution of less than […]
Read MoreIndia’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 transition to renewable energy, supported by policy initiatives, technological advancements, and international collaboration, is an urgent national imperative. With an ambitious target of 500 GW of non-fossil energy capacity […]
Read MoreDaily News Wrap-Up: SECI’s 1.35 GW Wind Auction Winners Announced
JSW Neo Energy (JSW Energy), Powerica, and Torrent Power were declared winners in Solar Energy Corporation of India’s auction to set up 1.35 GW inter-state transmission system (ISTS)-connected wind power projects with a 700 MW greenshoe option (Tranche-XVI). For projects to be set up in Gujarat, JSW won 350 MW at a tariff of ₹3.61 (~$0.0431)/kWh. JSW was […]
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