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src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FStandard-Mercom-58.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" loading="lazy"/></noscript></span></a><div class="styles_content__708LC"><a href="/cerc-approves-tariffs-for-sjvns-600-mw-wind-projects" class="styles_title__sApBE" target="_parent">CERC Approves Tariffs for SJVN’s 600 MW Wind Projects</a><div class="styles_dateContainer__46GQV"><div class="styles_date__NQ_Zv"><p class="styles_entry__DYb_4">March 24, 2025</p></div></div></div></div></div><div class="styles_entry__6ylpm"><div class="styles_container__kH1_b"><a href="/aptel-dismisses-wind-developers-plea-for-banking-regulations-relaxation" class="styles_thumbnail__Fulqm" aria-label="Thumbnail" 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href="/daily-news-wrap-up-strong-demand-drives-indias-solar-panel-manufacturing-capacity" class="styles_title__rA_vL" target="_parent">Daily News Wrap-Up: Strong Demand Drives India’s Solar Panel Manufacturing Capacity</a><p class="styles_desc__2C_pe">India added 25.3 GW of solar module capacity and 11.6 GW of solar cell capacity in the calendar year 2024, according to Mercom’s recently released State of Solar PV Manufacturing in India 2025 report. The manufacturing capacity additions in 2024...</p><div class="styles_dateContainer__3hFLO"><div class="styles_date__xNfSH"><p class="styles_entry__Ggevu">April 9, 2025</p></div></div></div></div></div><div class="styles_entry__l9D1y"><div class="styles_container__BsUVO"><a href="/indian-oil-invites-bids-for-maintenance-of-1-15-mw-solar-projects-in-assam" class="styles_thumbnail__BS2kT" aria-label="Thumbnail" target="_parent"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FCopy-of-Mercom-FI-2025-04-09T104255.270.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FCopy-of-Mercom-FI-2025-04-09T104255.270.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FCopy-of-Mercom-FI-2025-04-09T104255.270.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FCopy-of-Mercom-FI-2025-04-09T104255.270.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FCopy-of-Mercom-FI-2025-04-09T104255.270.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FCopy-of-Mercom-FI-2025-04-09T104255.270.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FCopy-of-Mercom-FI-2025-04-09T104255.270.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FCopy-of-Mercom-FI-2025-04-09T104255.270.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FCopy-of-Mercom-FI-2025-04-09T104255.270.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FCopy-of-Mercom-FI-2025-04-09T104255.270.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__m8Cki"><a href="/indian-oil-invites-bids-for-maintenance-of-1-15-mw-solar-projects-in-assam" class="styles_title__rA_vL" target="_parent">Indian Oil Invites Bids for Maintenance of 1.15 MW Solar Projects in Assam</a><p class="styles_desc__2C_pe">Indian Oil Corporation (IOCL), through its Digboi Refinery under the Assam Oil Division, has floated a tender for the comprehensive annual maintenance of solar projects with capacities of 1,000 kW, 100 kW, and 50 kW. Bids must be submitted by April...</p><div class="styles_dateContainer__3hFLO"><div class="styles_date__xNfSH"><p class="styles_entry__Ggevu">April 9, 2025</p></div></div></div></div></div><div class="styles_entry__l9D1y"><div class="styles_container__BsUVO"><a href="/funding-and-ma-roundup-zero-industrial-raises-10-million" class="styles_thumbnail__BS2kT" aria-label="Thumbnail" target="_parent"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FFunding-and-MA-Roundup-Zero-Industrial-Raises-10-Million.png&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FFunding-and-MA-Roundup-Zero-Industrial-Raises-10-Million.png&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FFunding-and-MA-Roundup-Zero-Industrial-Raises-10-Million.png&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FFunding-and-MA-Roundup-Zero-Industrial-Raises-10-Million.png&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FFunding-and-MA-Roundup-Zero-Industrial-Raises-10-Million.png&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FFunding-and-MA-Roundup-Zero-Industrial-Raises-10-Million.png&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FFunding-and-MA-Roundup-Zero-Industrial-Raises-10-Million.png&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FFunding-and-MA-Roundup-Zero-Industrial-Raises-10-Million.png&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FFunding-and-MA-Roundup-Zero-Industrial-Raises-10-Million.png&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FFunding-and-MA-Roundup-Zero-Industrial-Raises-10-Million.png&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__m8Cki"><a href="/funding-and-ma-roundup-zero-industrial-raises-10-million" class="styles_title__rA_vL" target="_parent">Funding and M&A Roundup: Zero Industrial Raises $10 Million</a><p class="styles_desc__2C_pe">From: Mercom Capital Group Zero Industrial, a thermal energy storage solution provider, raised $10 million in Series A funding led by Evok Innovations with participation from Rusheen Capital Management. The company plans to use the funding to...</p><div class="styles_dateContainer__3hFLO"><div class="styles_date__xNfSH"><p class="styles_entry__Ggevu">April 9, 2025</p></div></div></div></div></div><div class="styles_entry__l9D1y"><div class="styles_container__BsUVO"><a href="/project-finance-brief-potentia-energy-acquires-energy-projects" class="styles_thumbnail__BS2kT" aria-label="Thumbnail" target="_parent"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-81.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-81.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-81.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-81.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-81.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-81.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-81.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-81.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-81.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-81.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__m8Cki"><a href="/project-finance-brief-potentia-energy-acquires-energy-projects" class="styles_title__rA_vL" target="_parent">Project Finance Brief: Potentia Energy Acquires 1 GW of Renewable Energy Projects</a><p class="styles_desc__2C_pe">From: Mercom Capital Group Potentia Energy, a renewable energy developer co-owned by Enel Green Power and INPEX, completed the acquisition of controlling stakes in a renewable energy portfolio exceeding 1 GW across Australia. The assets were...</p><div class="styles_dateContainer__3hFLO"><div class="styles_date__xNfSH"><p class="styles_entry__Ggevu">April 9, 2025</p></div></div></div></div></div><div class="styles_entry__l9D1y"><div class="styles_container__BsUVO"><a href="/italy-floats-tender-for-1-04-gw-agrivoltaic-projects" class="styles_thumbnail__BS2kT" aria-label="Thumbnail" target="_parent"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-87.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-87.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-87.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-87.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-87.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-87.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-87.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-87.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-87.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-87.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__m8Cki"><a href="/italy-floats-tender-for-1-04-gw-agrivoltaic-projects" class="styles_title__rA_vL" target="_parent">Italy Floats Tender for 1.04 GW Agrivoltaic Projects</a><p class="styles_desc__2C_pe">Italy’s energy management agency Gestore dei Servizi Energetici (GSE) has invited bids for the second round of cumulative 1.04 GW agrivoltaics power projects. Bids must be submitted by June 30, 2025. The projects are expected to generate electricity...</p><div class="styles_dateContainer__3hFLO"><div class="styles_date__xNfSH"><p class="styles_entry__Ggevu">April 9, 2025</p></div></div></div></div></div><div class="styles_entry__l9D1y"><div class="styles_container__BsUVO"><a href="/gujarat-discom-receives-tariff-approval-for-76-mw-solar-projects-under-kusum" class="styles_thumbnail__BS2kT" aria-label="Thumbnail" target="_parent"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-86.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-86.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-86.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-86.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-86.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-86.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-86.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-86.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-86.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-86.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__m8Cki"><a href="/gujarat-discom-receives-tariff-approval-for-76-mw-solar-projects-under-kusum" class="styles_title__rA_vL" target="_parent">Gujarat DISCOM Receives Tariff Approval for 76 MW Solar Projects under KUSUM</a><p class="styles_desc__2C_pe">The Gujarat Electricity Regulatory Commission (GERC) has approved tariffs between ₹2.15 (~$0.025)/kWh and ₹3 (~$0.034)/kWh for a cumulative 76 MW solar power projects of Madhya Gujarat Vij Company (MGVCL) under Component C of the Pradhan Mantri...</p><div class="styles_dateContainer__3hFLO"><div class="styles_date__xNfSH"><p class="styles_entry__Ggevu">April 9, 2025</p></div></div></div></div></div><div class="styles_entry__l9D1y"><div class="styles_container__BsUVO"><a href="/kerala-roadmap-develop-floating-solar-projects" class="styles_thumbnail__BS2kT" aria-label="Thumbnail" target="_parent"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FCopy-of-Mercom-FI-47.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__m8Cki"><a href="/kerala-roadmap-develop-floating-solar-projects" class="styles_title__rA_vL" target="_parent">Kerala Issues Detailed Roadmap to Develop Floating Solar Projects</a><p class="styles_desc__2C_pe">The Agency for New and Renewable Energy Research and Technology (ANERT) has issued guidelines to support the development of floating solar projects across Kerala. The new ANERT guidelines identify two main categories of sites suitable for floating...</p><div class="styles_dateContainer__3hFLO"><div class="styles_date__xNfSH"><p class="styles_entry__Ggevu">April 8, 2025</p></div></div></div></div></div><div class="styles_entry__l9D1y"><div class="styles_container__BsUVO"><a href="/haryana-farmers-can-install-3-hp-solar-pumps-at-%E2%82%B953926-with-subsidies" class="styles_thumbnail__BS2kT" aria-label="Thumbnail" target="_parent"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-85.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-85.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-85.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-85.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-85.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-85.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-85.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-85.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-85.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F04%2FStandard-Mercom-85.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__m8Cki"><a href="/haryana-farmers-can-install-3-hp-solar-pumps-at-%E2%82%B953926-with-subsidies" class="styles_title__rA_vL" target="_parent">Haryana Farmers Can Install 3 HP Solar Pumps at ₹53,926 With Subsidies</a><p class="styles_desc__2C_pe">The Haryana Renewable Energy Development Agency (HAREDA) has issued guidelines for implementing the state’s solar pump program, which provides DC solar pumps at subsidized rates. HAREDA provides subsidies under Component B of the Pradhan Mantri...</p><div class="styles_dateContainer__3hFLO"><div class="styles_date__xNfSH"><p class="styles_entry__Ggevu">April 8, 2025</p></div></div></div></div></div></div><a class="styles_btn___7tDY" href="/archive" target="_parent">MORE NEWS</a></div></div><div class="styles_sideContent__G9EYP"><div class="styles_container__bzrFF"><div class="styles_subscribe__PM4gY"><div class="styles_container__3_XmD"><h1 class="styles_title__3d9cv">Get the most relevant India solar and clean energy news.</h1><div class="styles_signup__BjkKO"><input type="text" placeholder="EMAIL *" value=""/><div class="styles_button__RmiuB">SIGN UP</div></div></div></div><div class="styles_postsContainer__Bsspe"><h2 class="styles_sectionTitle__LrSUx">POPULAR POSTS</h2><div class="styles_posts__1dEn3"><a href="/enfinity-welspun-nlc-adani-win-ntpcs-1-2-gw-wind-solar-hybrid-auction" class="styles_post__dWoew" target="_parent"><div class="styles_info__hYj4Q"><p class="styles_title__i0iHM">Enfinity, Welspun, NLC, Adani Win NTPC’s 1.2 GW Wind-Solar Hybrid Auction</p><p class="styles_date__1iAUz">Mar 18, 2025</p></div></a><a href="/jsw-neo-acquires-renewable-energy-firm-virya-infrapower-for-%E2%82%B975-4-million" class="styles_post__dWoew" target="_parent"><div class="styles_info__hYj4Q"><p class="styles_title__i0iHM">JSW Neo Acquires Renewable Energy Firm Virya Infrapower for ₹75.4 Million</p><p class="styles_date__1iAUz">Mar 13, 2025</p></div></a><a href="/solar-developers-fear-module-price-hikes-after-import-duties-on-solar-glass" class="styles_post__dWoew" target="_parent"><div class="styles_info__hYj4Q"><p class="styles_title__i0iHM">Solar Developers Fear Module Price Hikes After Import Duties on Solar Glass</p><p class="styles_date__1iAUz">Mar 13, 2025</p></div></a><a href="/nlc-india-and-adyant-enersol-win-sjvns-600-mw-wind-auction" class="styles_post__dWoew" target="_parent"><div class="styles_info__hYj4Q"><p class="styles_title__i0iHM">NLC India and Adyant Enersol Win SJVN’s 600 MW Wind Auction</p><p class="styles_date__1iAUz">Mar 4, 2025</p></div></a><a href="/indias-rooftop-solar-installations-reach-a-record-3-2-gw-in-2024" class="styles_post__dWoew" target="_parent"><div class="styles_info__hYj4Q"><p class="styles_title__i0iHM">India’s Rooftop Solar Installations Reach a Record 3.2 GW in 2024</p><p class="styles_date__1iAUz">Mar 4, 2025</p></div></a></div></div><div class="styles_main__WJDJA"></div><div class="styles_main__WJDJA"></div></div></div></div></div><div class="footer"><div class="styles_container__kHjn0"><div class="styles_socials__y7kTL"><a href="https://www.facebook.com/MercomIndia/" target="_blank" aria-label="Facebook" rel="noreferrer"><svg aria-hidden="true" focusable="false" data-prefix="fab" data-icon="facebook-f" class="svg-inline--fa fa-facebook-f " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 320 512"><path fill="currentColor" d="M279.14 288l14.22-92.66h-88.91v-60.13c0-25.35 12.42-50.06 52.24-50.06h40.42V6.26S260.43 0 225.36 0c-73.22 0-121.08 44.38-121.08 124.72v70.62H22.89V288h81.39v224h100.17V288z"></path></svg></a><a href="https://twitter.com/mercomindia" target="_blank" aria-label="Twitter" rel="noreferrer"><svg aria-hidden="true" focusable="false" data-prefix="fab" data-icon="x-twitter" class="svg-inline--fa fa-x-twitter " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z"></path></svg></a><a href="https://www.linkedin.com/company/mercom-communications-india/" target="_blank" aria-label="LinkedIn" rel="noreferrer"><svg aria-hidden="true" focusable="false" data-prefix="fab" data-icon="linkedin-in" class="svg-inline--fa fa-linkedin-in " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 448 512"><path fill="currentColor" d="M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z"></path></svg></a></div><div class="styles_links__8L_nZ"><a href="/advertising">Advertising</a>|<a href="/awards">Awards</a>|<a href="/editorialteam">Editorial Team</a>|<a href="/contact-us">Contact</a>|<a href="/careers">Careers</a>|<a href="/privacypolicy">Privacy</a>|<a href="/termsandconditions">Terms</a></div><p class="styles_copyright__u9q6M">© 2025 by Mercom Capital Group, LLC. 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The ceiling tariff was ₹3 (~$0.034)/kWh.\u003c/p\u003e\n\u003cp\u003eAfter negotiations, 86 bids aggregating to 154 MW were received for tariffs ranging from ₹2.12 (~$0.024)/kWh to ₹3 (~$0.034)/kWh.\u003c/p\u003e\n\u003cp\u003eThe petitioner approached the Commission to approve the negotiated tariffs.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eCommission’s Analysis\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe Commission observed that the tariffs were discovered through a fair and competitive bidding process.\u003c/p\u003e\n\u003cp\u003eIt also noted that of the bids received for an aggregate 160.5 MW capacity, bids for 139 MW quoted tariffs less than ₹3 (~$0.034)/kWh. Tariffs for nearly 21.5 MW capacity were quoted above the ceiling limit. However, the overall weighted average tariff quoted remained at ₹2.45 (~$0.028)/kWh for the 154 MW capacity, which the bidders accepted.\u003c/p\u003e\n\u003cp\u003eThe Commission approved the tariff of ₹2.12 (~$0.024)/kWh and ₹3 (~$0.034)/kWh, with a ceiling limit of ₹3 (~$0.034)/kWh. It also allowed the petitioner to sign PPAs with the selected bidders.\u003c/p\u003e\n\u003cp\u003eThe petitioner was also directed to publicize the names of the selected bidders with whom it will sign the PPAs. The names will stay on its website for 30 days.\u003c/p\u003e\n\u003cp\u003eIn 2024, GERC \u003ca href=\"https://www.mercomindia.com/gujarat-adopts-tariffs-for-276-mw-solar-projects-under-kusum-program\" target=\"_blank\" rel=\"noopener\"\u003eapproved\u003c/a\u003e tariffs for 101 Paschim Gujarat Vij Company solar projects with a total capacity of 259 MW under Component C of the KUSUM program.\u003c/p\u003e\n\u003cp\u003eSubscribe to Mercom’s real-time \u003ca href=\"https://www.mercomindia.com/product/mercoms-renewable-energy-regulatory-updates\" target=\"_blank\" rel=\"noopener\"\u003eRegulatory Updates\u003c/a\u003e to ensure you don’t miss any critical updates from the renewable industry.\u003c/p\u003e\n","modifiedGmt":"2025-04-09T06:04:51","isSticky":false,"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/Standard-Mercom-88.jpg"}}},{"id":"cG9zdDo3ODQwMw==","slug":"daily-news-wrap-up-strong-demand-drives-indias-solar-panel-manufacturing-capacity","date":"2025-04-09T10:55:41","title":"Daily News Wrap-Up: Strong Demand Drives India’s Solar Panel Manufacturing Capacity","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78403.mp3?version=1744177152\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eIndia \u003ca href=\"https://www.mercomindia.com/almm-strong-demand-drive-indias-solar-panel-manufacturing-capacity-to-25-3-gw-in-2024\" target=\"_blank\" rel=\"noopener\"\u003eadded\u003c/a\u003e 25.3 GW of solar module capacity and 11.6 GW of solar cell capacity in the calendar year 2024, according to Mercom’s recently released State of Solar PV Manufacturing in India 2025 report. The manufacturing capacity additions in 2024 were primarily driven by demand from the solar project pipeline and the reimposition of the Approved List of Models and Manufacturers order from April 2024.\u003c/p\u003e\n\u003cp\u003eUttar Pradesh, India’s most populated state, \u003ca href=\"https://www.mercomindia.com/uttar-pradesh-rising-residential-solar-potential\" target=\"_blank\" rel=\"noopener\"\u003edemonstrated\u003c/a\u003e significant potential for solar adoption. With ample sunshine for most of the year and government programs promoting clean energy usage, the state is emerging as a hub for solar installations, particularly in the residential segment. As per Mercom India’s Q4 \u0026amp; Annual 2024 India Rooftop Solar Market Report, the state ranked among the top states for rooftop solar installations.\u003c/p\u003e\n\u003cp\u003eThe Agency for New and Renewable Energy Research and Technology (ANERT) \u003ca href=\"https://www.mercomindia.com/kerala-roadmap-develop-floating-solar-projects\" target=\"_blank\" rel=\"noopener\"\u003eissued\u003c/a\u003e guidelines to support the development of floating solar projects across Kerala. The new ANERT guidelines identify two main categories of sites suitable for floating solar development. The first includes the reservoirs under the Kerala State Electricity Board and the Kerala Water Resources Department, which collectively offer a potential of 5,000 MW if just 10% of their area is utilized.\u003c/p\u003e\n\u003cp\u003eThe Haryana Renewable Energy Development Agency (HAREDA) \u003ca href=\"https://www.mercomindia.com/haryana-farmers-can-install-3-hp-solar-pumps-at-%E2%82%B953926-with-subsidies\" target=\"_blank\" rel=\"noopener\"\u003eissued\u003c/a\u003e guidelines for implementing the state’s solar pump program, which provides DC solar pumps at subsidized rates. HAREDA provides subsidies under Component B of the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyaan program for DC solar pumps with capacities from 3 HP to 10 HP. The solar pumps are divided into water-filled pumps with a normal controller and pumps with universal solar pump controllers.\u003c/p\u003e\n\u003cp\u003eBihar State Power Generation Company \u003ca href=\"https://www.mercomindia.com/bihar-epc-116-mw-solar-241-mwh-bess\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids for the engineering, procurement, and construction (EPC) of a 116 MW solar project and a 241 MWh battery energy storage system in the Lakhisarai district. The project’s estimated cost is ₹10.64 billion (~$123.39 million). Bids must be submitted by April 10, 2025. Bids will be opened on the same day. Successful bidders must complete the EPC work within 18 months of receiving the work order and undertake comprehensive operation and maintenance activities for ten years.\u003c/p\u003e\n\u003cp\u003eThe Gujarat Electricity Regulatory Commission \u003ca href=\"https://www.mercomindia.com/gujarat-adopts-tariffs-for-276-mw-solar-projects-under-kusum-program\" target=\"_blank\" rel=\"noopener\"\u003eapproved\u003c/a\u003e a petition filed by Paschim Gujarat Vij Company to adopt tariffs for 276 MW of solar power projects under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan program. The approved tariffs range from ₹2.13 (~$0.026)/kWh to ₹3 (~$0.036)/kWh.\u003c/p\u003e\n\u003cp\u003eThe Singareni Collieries Company \u003ca href=\"https://www.mercomindia.com/sccl-issues-consultancy-tenders-for-137-mw-solar-projects-in-telangana\" target=\"_blank\" rel=\"noopener\"\u003efloated\u003c/a\u003e two project management consultancy service tenders for solar with a combined capacity of 137 MW in Telangana. The scope of work includes the design engineering review of the EPC contractor, site management, inspection and testing, module inspection services, and plant performance testing. Bids for the first tender with a 107 MW capacity, must be submitted by April 30, 2025. Bids will be opened on the same day. Bids for the second tender with 30 MW capacity, must be submitted by April 29, 2025. Bids will be opened on the same day.\u003c/p\u003e\n\u003cp\u003eLiquid air energy storage (LAES) \u003ca href=\"https://www.mercomindia.com/potential-of-liquid-air-energy-storage-as-a-low-cost-solution-study\" target=\"_blank\" rel=\"noopener\"\u003ecould\u003c/a\u003e be a cost-effective long-term energy storage solution, according to a new study by an international research team from the Massachusetts Institute of Technology and the Norwegian University of Science and Technology. The study suggests that LAES can provide a reliable method for storing and releasing electricity as needed. The LAES process involves three stages: charging, storing, and discharging. During charging, ambient air is cleaned, dried, and liquified using electricity.\u003c/p\u003e\n","modifiedGmt":"2025-04-09T05:38:44","isSticky":false,"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/Daily-News-Wrap-Up-Strong-Demand-Drives-Indias-Solar-Panel-Manufacturing-Capacity.jpg"}}},{"id":"cG9zdDo3ODQwMA==","slug":"indian-oil-invites-bids-for-maintenance-of-1-15-mw-solar-projects-in-assam","date":"2025-04-09T10:45:12","title":"Indian Oil Invites Bids for Maintenance of 1.15 MW Solar Projects in Assam","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78400.mp3?version=1744175795\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eIndian Oil Corporation (\u003ca href=\"https://iocl.com/\" target=\"_blank\" rel=\"noopener\"\u003eIOCL\u003c/a\u003e), through its Digboi Refinery under the Assam Oil Division, has floated a tender for the comprehensive annual maintenance of solar projects with capacities of 1,000 kW, 100 kW, and 50 kW.\u003c/p\u003e\n\u003cp\u003eBids must be submitted by April 22, 2025. Bids will be opened on April 24.\u003c/p\u003e\n\u003cp\u003eBidders must submit a bid security declaration and furnish a security deposit of 10% of the total contract value.\u003c/p\u003e\n\u003cp\u003eThe scope of work entails operating and maintaining the solar panels, measuring string currents weekly, cleaning solar modules fortnightly, and maintaining the supervisory control and data acquisition system. Selected bidders will be responsible for the safety of workers and adherence to safety regulations.\u003c/p\u003e\n\u003cp\u003eThe contract is for two years from the site handover date, whichever is later.\u003c/p\u003e\n\u003cp\u003eBidders must have completed three similar works, each costing at least ₹227,737 (~$2,639.41), or two similar works, each costing at least ₹303,650 (~$3,519.71), or one work costing at least ₹ 379,562 (~$4,399.51) within the last seven years.\u003c/p\u003e\n\u003cp\u003eBidders must have a minimum annual turnover of ₹455,000 (~$5,273.80), including GST, during any of the preceding three financial years. They must submit financial documents such as audited balance sheets and profit and loss statements, preferably with a UDIN, signed by them and a chartered accountant.\u003c/p\u003e\n\u003cp\u003eEarlier this year, IOCL \u003ca href=\"https://www.mercomindia.com/indian-oil-issues-tender-to-replace-1-solar-modules-at-jodhpur-project\" target=\"_blank\" rel=\"noopener\"\u003eissued\u003c/a\u003e a tender for replacing 1 MW solar modules along with necessary cabling and connection and integrating it with the existing 5 MW solar power project at Rawra in Jodhpur, Rajasthan.\u003c/p\u003e\n\u003cp\u003eIn October 2024, IOCL \u003ca href=\"https://www.mercomindia.com/iocl-floats-om-tender-for-4-36-mw-rooftop-solar-systems\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids for the annual operation and maintenance contract of the 4,360 kW rooftop solar systems installed at IOCL, Paradip Refinery and Township, in Odisha.\u003c/p\u003e\n\u003cp\u003eIn May, IOCL \u003ca href=\"https://www.mercomindia.com/indian-oil-consultancy-tender-renewable-projects\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids from technical consultants for project management consultancy services to set up renewable energy projects at various locations across India.\u003c/p\u003e\n\u003cp\u003eSubscribe to Mercom’s \u003ca href=\"https://mercomindia.com/product/india-solar-tender-tracker/\" target=\"_blank\" rel=\"noopener\"\u003eIndia Solar Tender Tracker\u003c/a\u003e to stay on top of the real-time tender activity.\u003c/p\u003e\n","modifiedGmt":"2025-04-09T05:16:19","isSticky":false,"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/Copy-of-Mercom-FI-2025-04-09T104255.270.jpg"}}},{"id":"cG9zdDo3ODM5OA==","slug":"funding-and-ma-roundup-zero-industrial-raises-10-million","date":"2025-04-09T10:35:25","title":"Funding and M\u0026A Roundup: Zero Industrial Raises $10 Million","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78398.mp3?version=1744175189\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003e\u003cstrong\u003eFrom: \u003ca href=\"https://mercomcapital.com/funding-and-ma-roundup-zero-industrial-raises-10-million-in-series-a-funding/\" target=\"_blank\" rel=\"noopener\"\u003eMercom Capital Group\u003c/a\u003e\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eZero Industrial, a thermal energy storage solution provider, \u003ca href=\"https://mercomcapital.com/zero-industrial-raises-10-million-in-series-a-funding/\" target=\"_blank\" rel=\"noopener\"\u003eraised\u003c/a\u003e $10 million in Series A funding\u003c/strong\u003e led by Evok Innovations with participation from Rusheen Capital Management. The company plans to use the funding to accelerate the development of its thermal energy storage solutions in North America. Zero Industrial develops industrial decarbonization projects that utilize thermal energy storage solutions and offers its customers project development services.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eSolar energy financing firm Aerem \u003c/strong\u003e\u003ca href=\"https://www.mercomindia.com/solar-financing-firm-aerem-raises-%E2%82%B91-billion-from-japan-based-utec\" target=\"_blank\" rel=\"noopener\"\u003e\u003cstrong\u003esecured\u003c/strong\u003e\u003c/a\u003e\u003cstrong\u003e ₹1 billion (~$11.7 million) from Japan-based venture capital firm\u003c/strong\u003e \u003cstrong\u003eUniversity of Tokyo Edge Capital Partners\u003c/strong\u003e in a Series A funding round. Other investors in the funding included British International Investment, SE Ventures, and Riverwalk Holdings. Existing investors, Blume Ventures and Avaana Capital, also participated in this round. The funding will be utilized to drive the company’s distribution growth across India and solidify its presence in existing markets.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eTransmission utility Power Grid Corporation of India (POWERGRID) \u003c/strong\u003e\u003ca href=\"https://www.mercomindia.com/powergrid-to-raise-%E2%82%B960-billion-via-private-placement-of-bonds\" target=\"_blank\" rel=\"noopener\"\u003e\u003cstrong\u003eannounced\u003c/strong\u003e\u003c/a\u003e\u003cstrong\u003e it would raise up to ₹60 billion (~$720 million)\u003c/strong\u003e \u003cstrong\u003ethrough a private placement of bonds.\u003c/strong\u003e The eighty-first issue of POWERGRID bonds (2025-26) includes a greenshoe option of ₹45 billion (~$540 billion) and a base issue size of ₹15 billion (~$180 million). The bonds will be unsecured, non-convertible, non-cumulative, redeemable, and taxable. These bonds will carry a 10-year tenure. Interest payments on the bonds will be made annually. The coupon or interest payments on the bond will be made through the bidding process on the electronic book provider platform.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eEnergy utility E.ON UK announced that it has signed an agreement to fully \u003ca href=\"https://mercomcapital.com/e-on-uk-to-acquire-eco2solar/\" target=\"_blank\" rel=\"noopener\"\u003eacquire\u003c/a\u003e Eco2Solar, a residential and commercial solar installation company\u003c/strong\u003e. E.ON UK already acquired a 49% stake in Eco2Solar back in December 2020. The acquisition’s financial terms were undisclosed. It is expected to combine the operational strengths of E.ON UK and Eco2Solar to enable further growth in the solar installation market.\u003c/p\u003e\n\u003cp\u003eFor reports and trackers on funding and M\u0026amp;A transactions in solar, energy storage, and smart grid sectors, click \u003ca href=\"https://mercomcapital.com/clean-energy-reports/\" target=\"_blank\" rel=\"noopener\"\u003ehere\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eRead last week\u0026#8217;s funding \u003ca href=\"https://www.mercomindia.com/funding-and-ma-roundup-apricus-generation-secures-30-million\" target=\"_blank\" rel=\"noopener\"\u003eroundup\u003c/a\u003e.\u003c/p\u003e\n","modifiedGmt":"2025-04-09T05:05:25","isSticky":false,"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/Funding-and-MA-Roundup-Zero-Industrial-Raises-10-Million.png"}}},{"id":"cG9zdDo3ODM4OQ==","slug":"project-finance-brief-potentia-energy-acquires-energy-projects","date":"2025-04-09T10:07:32","title":"Project Finance Brief: Potentia Energy Acquires 1 GW of Renewable Energy Projects","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78389.mp3?version=1744173592\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eFrom: \u003ca href=\"https://mercomcapital.com/project-finance-brief-potentia-energy-acquires-renewable-projects/\" target=\"_blank\" rel=\"noopener\"\u003eMercom Capital Group\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003ePotentia Energy, a renewable energy developer co-owned by Enel Green Power and INPEX, \u003c/strong\u003e\u003ca href=\"https://mercomcapital.com/potentia-energy-acquires-over-1-gw-of-renewable-energy-projects/\" target=\"_blank\" rel=\"noopener\"\u003e\u003cstrong\u003ecompleted\u003c/strong\u003e\u003c/a\u003e\u003cstrong\u003e the acquisition of controlling stakes in a renewable energy portfolio\u003c/strong\u003e exceeding 1 GW across Australia. The assets were acquired from infrastructure investor CVC DIF and superannuation fund Cbus Super. The acquisition also includes shares in Bright Energy Investments, a joint venture with Synergy, owned by the Western Australian state government.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eAIP Management, a Nordic-based investment manager in diversified decarbonization infrastructure, \u003c/strong\u003e\u003ca href=\"https://mercomcapital.com/aip-management-to-acquire-49-99-stake-in-solar-and-storage-project/\" target=\"_blank\" rel=\"noopener\"\u003e\u003cstrong\u003eagreed\u003c/strong\u003e\u003c/a\u003e\u003cstrong\u003e to acquire a 49.99% equity stake in the 300 MW solar\u003c/strong\u003e with a co-located 200 MW/400 MWh battery energy storage Pine Forest project from Clearway Energy Group, a utility-scale renewable energy and storage project developer. The project is in the ERCOT North market region in Texas. The total investment is approximately $200 million. The project is currently under construction and is expected to commence operations in the fourth quarter of 2025.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eGreenali\u003c/strong\u003e\u003cstrong\u003ea, a renewable energy project developer, has \u003ca href=\"https://mercomcapital.com/greenalia-secures-financing-misae-ii-solar-project/\" target=\"_blank\" rel=\"noopener\"\u003esecured\u003c/a\u003e a $295 million construction-to-term loan and $93 million letter of credit facility\u003c/strong\u003e from Mitsubishi UFJ Financial Group and Nomura Securities International for developing the 430 MWdc/331.6 MWac Misae II solar project in Texas. The project has completed 72% of its construction, with commercial operations expected to begin in the third quarter of 2025.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eElectricity and heat producer and supplier PGE Energia Ciepła, a PGE Group unit, \u003c/strong\u003e\u003ca href=\"https://mercomcapital.com/pge-energia-ciepla-secures-13-m-financing-solar-projects/\" target=\"_blank\" rel=\"noopener\"\u003e\u003cstrong\u003esecured\u003c/strong\u003e\u003c/a\u003e\u003cstrong\u003e PLN 48.7 million (~$12.61 million) in the form of a preferential loan\u003c/strong\u003e from the National Fund for Environmental Protection and Water Management for the construction of seven solar projects with a cumulative capacity of 10.54 MW. The projects are to be built at the company’s six combined heat and power projects in Rzeszów, Kielce, Lublin, Zgierz, Bydgoszcz, and Gorzów Wielkopolski in Poland.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eIndia-based ACME Solar Holdings \u003c/strong\u003e\u003ca href=\"https://www.mercomindia.com/acme-solar-secures-%E2%82%B924-91-billion-refinancing-to-cut-debt-costs\" target=\"_blank\" rel=\"noopener\"\u003e\u003cstrong\u003esecured\u003c/strong\u003e\u003c/a\u003e\u003cstrong\u003e a ₹24.91 billion (~$298.92 million) long-term refinancing facility for 18 to 20 years from the State Bank of India\u003c/strong\u003e and REC at a reduced weighted average interest rate of 8.8%. ACME Solar will use the funds to reduce debt costs for its 490 MW renewable energy projects in Andhra Pradesh, Rajasthan, and Punjab.\u003c/p\u003e\n\u003cp\u003eClick \u003ca href=\"https://mercomcapital.com/clean-energy-reports/\" target=\"_blank\" rel=\"noopener\"\u003ehere\u003c/a\u003e for reports and trackers on funding and M\u0026amp;A transactions in solar, energy storage, and smart grid sectors.\u003c/p\u003e\n\u003cp\u003eRead last week’s project finance \u003ca href=\"https://mercomcapital.com/project-finance-brief-renewable-power-capital-solar-wind-projects/\" target=\"_blank\" rel=\"noopener\"\u003ebrief\u003c/a\u003e.\u003c/p\u003e\n","modifiedGmt":"2025-04-09T04:39:47","isSticky":false,"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/Standard-Mercom-81.jpg"}}},{"id":"cG9zdDo3ODM4Nw==","slug":"italy-floats-tender-for-1-04-gw-agrivoltaic-projects","date":"2025-04-09T10:06:34","title":"Italy Floats Tender for 1.04 GW Agrivoltaic Projects","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78387.mp3?version=1744173473\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eItaly’s energy management agency Gestore dei Servizi Energetici (\u003ca href=\"https://www.gse.it/en\" target=\"_blank\" rel=\"noopener\"\u003eGSE\u003c/a\u003e) has invited bids for the second round of cumulative 1.04 GW agrivoltaics power projects.\u003c/p\u003e\n\u003cp\u003eBids must be submitted by June 30, 2025.\u003c/p\u003e\n\u003cp\u003eThe projects are expected to generate electricity of up to 1,300 GWh per year. They can receive incentives of up to €323.41 million (~$356.07 million).\u003c/p\u003e\n\u003cp\u003eThe funding will be shared through a competitive process based on predefined capacity quotas.\u003c/p\u003e\n\u003cp\u003eBidders who secured financing in the previous tender round are not eligible to reapply with the same projects.\u003c/p\u003e\n\u003cp\u003eGSE will also allocate €1.09 billion (~$1.2 billion) in unused funds from the previous tender round.\u003c/p\u003e\n\u003cp\u003eThe projects must be completed within 18 months or by June 30, 2026. Failure to complete the projects on schedule will attract a 0.5% tariff reduction for each month of delay. If the project is delayed by more than nine months, it will lead to contract cancellation or a 20% tariff reduction.\u003c/p\u003e\n\u003cp\u003eSelected bidders must ensure that agricultural activity comprises 70% of the total area of the agrivoltaics system.\u003c/p\u003e\n\u003cp\u003eThey must install solar modules 1.3 m above the ground in areas with livestock activity and 2.1 m in cultivation areas.\u003c/p\u003e\n\u003cp\u003eBidders can avail themselves of capital grants of up to 40% of the costs and benefit from an incentive tariff, which will be paid during the project’s operational period.\u003c/p\u003e\n\u003cp\u003eBidders must have a minimum annual financial turnover of €7,000 (~$7,706).\u003c/p\u003e\n\u003cp\u003eIn 2024, GSE \u003ca href=\"https://www.mercomindia.com/italy-awards-projects-in-its-first-auction\" target=\"_blank\" rel=\"noopener\"\u003eallocated\u003c/a\u003e 1.5 GW of capacity for agrivoltaics projects in the country’s first dedicated auction. The auction generated significant interest, with 540 projects approved from a pool of 643 bids, totaling over 1.7 GW of capacity submitted.\u003c/p\u003e\n\u003cp\u003eUnder Italy’s National Recovery and Resilience Plan, €1.7 billion ($1.78 billion) was earmarked for renewable energy projects. The initiative exceeded its original target of supporting over 1 GW of capacity.\u003c/p\u003e\n","modifiedGmt":"2025-04-09T04:37:50","isSticky":false,"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/Standard-Mercom-87.jpg"}}},{"id":"cG9zdDo3ODM4Mg==","slug":"gujarat-discom-receives-tariff-approval-for-76-mw-solar-projects-under-kusum","date":"2025-04-09T09:50:56","title":"Gujarat DISCOM Receives Tariff Approval for 76 MW Solar Projects under KUSUM","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78382.mp3?version=1744172931\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eThe Gujarat Electricity Regulatory Commission (\u003ca href=\"https://gercin.org/\" target=\"_blank\" rel=\"noopener\"\u003eGERC\u003c/a\u003e) has approved tariffs between ₹2.15 (~$0.025)/kWh and ₹3 (~$0.034)/kWh for a cumulative 76 MW solar power projects of Madhya Gujarat Vij Company (\u003ca href=\"https://epayment.guvnl.in/SRPayMG/\" target=\"_blank\" rel=\"noopener\"\u003eMGVCL\u003c/a\u003e) under Component C of the Pradhan Mantri Kisan Urja Suraksha Evam Uthan Mahabhiyaan (PM KUSUM) program.\u003c/p\u003e\n\u003cp\u003eThe Commission also approved the power purchase agreement (PPA) that will be signed for these tariffs.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eBackground\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe petitioner, MGVCL, floated a tender for solar projects with a cumulative capacity of 134.5 MW under Component C of the Pradhan Mantri Kisan Urja Suraksha Evam Uthan Mahabhiyaan (PM KUSUM) program. The ceiling tariff was ₹3 (~$0.034)//kWh.\u003c/p\u003e\n\u003cp\u003eAfter negotiations, 105 bids for 33 solar projects, aggregating to a 76 MW capacity were received for tariffs ranging ₹2.15 (~$0.025)/kWh to ₹3 (~$0.034)/kWh.\u003c/p\u003e\n\u003cp\u003eThe petitioner approached the Commission to approve the discovered tariffs.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eCommission’s Analysis\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe Commission observed that tariffs were discovered through a competitive bidding process.\u003c/p\u003e\n\u003cp\u003eIt also noted that of the total bids for 95.5 MW, the tariff was lower than ₹3 (~$0.034)/kWh for bids of 72.5 MW, and it was above ₹2.76 (~$0.032)/kWh for bids for 21.5 MW capacity.\u003c/p\u003e\n\u003cp\u003eHowever, the Commission observed that the weighted average tariff remained at ₹2.57 (~$0.029)/kWh for the 76 MW capacity.\u003c/p\u003e\n\u003cp\u003eIt approved the negotiated tariffs for 76 MW solar power projects with a ceiling tariff of ₹3 (~$0.034)/kWh and the PPAs to be signed with the selected bidders. After PPAs are executed, MGVCL needs to publicly disclose the name of the successful bidders and the tariff agreed by them for 30 days on its website.\u003c/p\u003e\n\u003cp\u003eIn 2024, GERC \u003ca href=\"https://www.mercomindia.com/gerc-approves-tariffs-for-259-mw-solar-projects-under-kusum\" target=\"_blank\" rel=\"noopener\"\u003eapproved\u003c/a\u003e tariffs for 101 solar power projects of Paschim Gujarat Vij Company, with a total capacity of 259 MW, under Component C of the PM KUSUM program.\u003c/p\u003e\n\u003cp\u003eSubscribe to Mercom’s real-time \u003ca href=\"https://www.mercomindia.com/product/mercoms-renewable-energy-regulatory-updates\" target=\"_blank\" rel=\"noopener\"\u003eRegulatory Updates\u003c/a\u003e to ensure you don’t miss any critical updates from the renewable industry.\u003c/p\u003e\n","modifiedGmt":"2025-04-09T04:28:47","isSticky":false,"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/Standard-Mercom-86.jpg"}}},{"id":"cG9zdDo3ODM4MA==","slug":"kerala-roadmap-develop-floating-solar-projects","date":"2025-04-08T18:50:06","title":"Kerala Issues Detailed Roadmap to Develop Floating Solar Projects","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78380.mp3?version=1744118466\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eThe Agency for New and Renewable Energy Research and Technology (\u003ca href=\"https://anert.gov.in/\" target=\"_blank\" rel=\"noopener\"\u003eANERT\u003c/a\u003e) has issued guidelines to support the development of floating solar projects across Kerala.\u003c/p\u003e\n\u003cp\u003eThe new ANERT guidelines identify two main categories of sites suitable for floating solar development.\u003c/p\u003e\n\u003cp\u003eThe first includes the reservoirs under the Kerala State Electricity Board (KSEBL) and the Kerala Water Resources Department, which collectively offer a potential of 5,000 MW if just 10% of their area is utilized.\u003c/p\u003e\n\u003cp\u003eThe second category encompasses backwaters, freshwater bodies formed from mining and quarrying activities, and lands rendered uncultivable due to salinity or other environmental factors. These sites can have a capacity of up to 1,500 MW with similar surface utilization.\u003c/p\u003e\n\u003cp\u003eFloating solar installations, especially those on water bodies and waterlogged lands, can be classified as temporary structures.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eInstitutional Mechanism\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThis framework is anchored by two key administrative bodies: the High-Level Committee at the state level and the District Level Committees at the local level. Both are supported by a centralized single-window portal that acts as the interface for submitting, tracking, and processing all project applications.\u003c/p\u003e\n\u003cp\u003eThe High-Level Committee is the primary authority overseeing large-scale floating solar projects, particularly those in water bodies owned or managed by government departments such as the KSEBL and the Irrigation Department. The Committee evaluates the project feasibility based on ANERT reports covering technical, financial, and environmental aspects.\u003c/p\u003e\n\u003cp\u003eFollowing review, the Committee may grant final clearance for the project. It also determines lease rents or compensation for using government-owned reservoirs or other public resources and ensures that appropriate agreements are in place between developers and the managing agencies.\u003c/p\u003e\n\u003cp\u003eThe Committee is also responsible for maintaining a project bank—a consolidated list of sites available for bidding or direct development after receiving preliminary clearance.\u003c/p\u003e\n\u003cp\u003eDistrict Level Committees operate locally, particularly for projects with up to 5 MW capacities. These committees identify potential sites, including waterlogged areas, unused freshwater bodies created by quarrying or mining, and land unsuitable for cultivation.\u003c/p\u003e\n\u003cp\u003eApplications may be invited through government-issued notice inviting tender (NIT) or expression of interest (EOI), direct applications from developers, and proposals from developers using land bank sites.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eApplications through government-issued NITs or EOIs\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIn this mode, the project site is identified by a government agency. The High-Level Committee clears the site for inviting proposals, and the location is notified for bids. This mainly covers projects proposed in government-owned dams and reservoirs.\u003c/p\u003e\n\u003cp\u003eANERT prepares the EoI in consultation with agencies such as KSEBL, irrigation and Revenue departments. These agencies are expected to give clearances within 15 days; if not, approval is assumed to be granted.\u003c/p\u003e\n\u003cp\u003eThe High-Level Committee will determine the lease rent for the dam or the site’s owner agency. District Committees can recommend potential sites to the Committee. ANERT will prepare a feasibility report for each site, which the Empowered Committee will review before the High-Level Committee’s final approval.\u003c/p\u003e\n\u003cp\u003eThe approved sites will be added to a project bank, from which proposals will be invited through an online platform. The selection will be based on tariff-based bidding for sites where KSEBL agrees to purchase power. In other cases, selection will depend on revenue sharing per unit of energy or lease rent offered.\u003c/p\u003e\n\u003cp\u003eKSEBL will issue the bids for its own sites, and ANERT or a High Level Committee under it will handle the process for other sites. However, ANERT will only issue bids after receiving tariff, open access, and wheeling approvals from KSEBL. The distribution company will also provide grid connectivity at the closest feasible point.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eApplications Directly Initiated by Developers\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIn this mode, developers identify the private sites and apply to designate them as project sites.\u003c/p\u003e\n\u003cp\u003eThey must finalize lease or revenue-sharing arrangements with the landowners before applying. They must also receive clearances from the coastal zone authorities, fisheries departments, and other regulatory agencies.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eApplications Proposed by Developers in Land Bank Sites\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIn this mode, District Level Committees will identify and publish land banks—lists of available areas suitable for floating solar projects. These can include waterlogged lands, unused freshwater bodies, and other identified locations.\u003c/p\u003e\n\u003cp\u003eThe approval process will follow the same procedures as direct applications by developers. However, land under this mode will already have been assessed for basic suitability.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eCentral portal\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eAll floating solar project applications must be submitted through a centralized single-window portal.\u003c/p\u003e\n\u003cp\u003eDevelopers must use the portal to submit proposals, including site details, technical designs, and finalized landowner agreements. Once submitted, the portal routes the applications to the relevant departments—such as Fisheries, Revenue, Irrigation, KSEBL, and environmental regulators—for review and decision-making.\u003c/p\u003e\n\u003cp\u003eEach department must provide approvals, rejections, or requests for additional information directly through the portal. The portal is also integrated with the land bank database, allowing developers to browse pre-cleared sites and submit proposals for those areas.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eLease rate\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe lease rent for government or public land for these projects will be ₹1(~$0.012)/acre for the first ten years from the date of commissioning. From year eleven to twenty, the lease rent will be ₹1,000 (~$12)/acre, and from year twenty-one to thirty, the lease rent will be ₹2,000 (~$23)/acre. For private land, lease rent will be decided mutually between the developers and landowners.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eEligibility, Project Application and Execution\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eQualifying developers must have implemented at least one-third of the proposed project capacity.\u003c/p\u003e\n\u003cp\u003eDevelopers must respond to formal notifications or bids issued on government-identified sites through the official project platform. Applications for private sites must be submitted directly through the same portal.\u003c/p\u003e\n\u003cp\u003eAll floating solar projects will be developed under the build-own-operate model. Developers will retain rights to the project site for at least 25 years.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eProject Development\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eAllotting government-controlled or public land for floating solar projects will follow a two-stage bidding process. In the first stage, developers will be pre-qualified based on financial and technical criteria in the bid documents. Only pre-qualified applicants will be considered in the second stage, where the final selection will be based on quoted energy tariffs, proposed project timelines, and the lease rent offered for the site. Failure to meet specified timelines will result in automatic cancellation of the allotment.\u003c/p\u003e\n\u003cp\u003eFor solar projects on privately owned land, developers must ensure that the site meets all regulatory requirements and that agreements have been made with landowners. They must also assess the feasibility of obtaining clearances. Projects proposed on land bank sites pre-identified by District Level Committees may have already secured basic clearances, simplifying the process.\u003c/p\u003e\n\u003cp\u003eThe Kerala State Electricity Regulatory Commission (KSERC) will determine the tariffs for projects with KSEBL purchasing power. If KSEBL declines a power purchase agreement (PPA), the developer must arrange bilateral or third-party sale agreements and obtain relevant permissions through the single-window portal.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003ePower Transmission and Grid Interface\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eDevelopers must construct and maintain evacuation lines and transmission infrastructure up to the grid connection point at their own cost and adhere to the transmission or distribution utility guidelines. KSEBL can provide grid connectivity at the nearest feasible point.\u003c/p\u003e\n\u003cp\u003eAdditionally, developers must install and maintain all metering equipment. If KSEBL refuses a PPA, developers can use surplus transmission capacity to wheel power to a captive consumer or third party, subject to the wheeling charges payment and levies as determined by KSERC. Transmission and distribution losses will be based on KSERC rates.\u003c/p\u003e\n\u003cp\u003eDevelopers are encouraged to incorporate energy storage systems with up to 50% of the project’s total generation capacity.\u003c/p\u003e\n\u003cp\u003eKSERC \u003ca href=\"https://www.mercomindia.com/kerala-needs-%E2%82%B9522-billion-by-2030-for-renewable-energy-integration/\" target=\"_blank\" rel=\"noopener\"\u003eestimated\u003c/a\u003e that an investment of ₹522.38 billion (~$6.01 billion) would be required by 2030 to upgrade energy infrastructure and integrate renewable energy sources effectively in the state.\u003c/p\u003e\n\u003cp\u003eSubscribe to Mercom’s real-time \u003ca href=\"https://www.mercomindia.com/product/mercoms-renewable-energy-regulatory-updates\" target=\"_blank\" rel=\"noopener\"\u003eRegulatory Updates\u003c/a\u003e to ensure you don’t miss any critical updates from the renewable industry.\u003c/p\u003e\n","modifiedGmt":"2025-04-08T13:20:06","isSticky":false,"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Copy-of-Mercom-FI-47.jpg"}}},{"id":"cG9zdDo3ODM3NA==","slug":"haryana-farmers-can-install-3-hp-solar-pumps-at-₹53926-with-subsidies","date":"2025-04-08T17:40:36","title":"Haryana Farmers Can Install 3 HP Solar Pumps at ₹53,926 With Subsidies","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78374.mp3?version=1744114295\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eThe Haryana Renewable Energy Development Agency (\u003ca href=\"https://hareda.gov.in/\" target=\"_blank\" rel=\"noopener\"\u003eHAREDA\u003c/a\u003e) has issued guidelines for implementing the state’s solar pump program, which provides DC solar pumps at subsidized rates.\u003c/p\u003e\n\u003cp\u003eHAREDA provides subsidies under Component B of the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyaan (PM-KUSUM) program for DC solar pumps with capacities from 3 HP to 10 HP.\u003c/p\u003e\n\u003cp\u003eThe solar pumps are divided into water-filled pumps with a normal controller and pumps with universal solar pump controllers.\u003c/p\u003e\n\u003cp\u003ePumps with normal controller include surface pumps with 3 HP (DC) capacity, submersible pumps with 7.5 HP (DC) capacity, and 10 HP AC and DC capacity.\u003c/p\u003e\n\u003cp\u003ePumps with universal controllers include submersible pumps with 10 HP AC and DC capacity.\u003c/p\u003e\n\u003cp\u003eUnder the subsidy, the Ministry of New and Renewable Energy will cover 30% of the cost through its central financial assistance and the state government will cover 45% resulting in a 75% subsidy with farmers having to pay only 25% of the total cost.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-1.png\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-78375 size-full\" src=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-1.png\" alt=\"\" width=\"799\" height=\"289\" srcset=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-1.png 799w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-1-300x109.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-1-768x278.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-1-650x235.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-1-624x226.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-1-600x217.png 600w\" sizes=\"(max-width: 799px) 100vw, 799px\" /\u003e\u003c/a\u003e\u003cstrong\u003eWho is eligible?\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIndividual farmers with standalone solar agriculture pumps of up to 10 HP can apply for these subsidies. Others who can benefit from the subsidies include water user associations, gaushalas, farmer-producer organizations, primary agricultural credit societies, and community or cluster-based irrigation systems.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eEligibility Criteria\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eTo be eligible for the subsidy, individual applicants must have agricultural land and a family can only apply for one solar pump. The applicant’s family must not have previously availed of solar pumps under this program. The applicant must not have an electric agricultural connection in their name. But, existing consumers of electric tube-wells upto 10 HP are given priority in new allocations, if they surrender their existing electric tube-well connections. In villages where groundwater table is below 100 ft, new solar pumps under this initiative is not allowed. However, existing standalone diesel pumps can be converted into standalone solar pumps in such villages, provided they utilize micro-irrigation techniques to save water. Applicants must not be paddy cultivators where the groundwater table is below 40 meters.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eAllocation Criteria\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003ePriority will be given to 10 HP electric tubewell connections that applied for permission from distribution companies between 2019 and 2023, followed by farmers under the Micro Irrigation and Command Area Development Authority. The remaining applicants will be assessed for eligibility based on the family income and land holdings/land under cultivation.\u003c/p\u003e\n\u003cp\u003eApplications can be submitted through the saralharyana.gov.in portal.\u003c/p\u003e\n\u003cp\u003eHAREDA will forfeit 5% of the amount deposited by the applicant if they submit a refund request after the work order has been issued.\u003c/p\u003e\n\u003cp\u003eThe standard rate has been determined for the six different solar pump types for two years. The remaining categories must be procured through a tendering process.\u003ca href=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-2.png\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-78377 size-full\" src=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-2.png\" alt=\"\" width=\"903\" height=\"509\" srcset=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-2.png 903w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-2-300x169.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-2-768x433.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-2-650x366.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-2-844x475.png 844w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-2-624x352.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/hareda-2-600x338.png 600w\" sizes=\"(max-width: 903px) 100vw, 903px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eFarmers can use a universal solar pump controller in conjunction with solar pumps to utilize the generated energy for activities such as operating chaff cutters, flour mills, cold storages, driers, and other standard voltage (400/415V) three-phase motors or equipment of similar capacity.\u003c/p\u003e\n\u003cp\u003eThe solar pumps will also receive annual five-year maintenance, and the selected vendor will inspect the solar installation quarterly.\u003c/p\u003e\n\u003cp\u003eIn 2024, HAREDA \u003ca href=\"https://mercomindia.com/haryana-17458-solar-water-pumps-pm-kusum\" target=\"_blank\" rel=\"noopener\"\u003eawarded\u003c/a\u003e contracts to supply, install, and commission 17,458 solar water pumping systems under Component B of the PM KUSUM Program.\u003c/p\u003e\n\u003cp\u003eSubscribe to Mercom’s real-time \u003ca href=\"https://mercomindia.com/product/mercoms-renewable-energy-regulatory-updates/\" target=\"_blank\" rel=\"noopener\"\u003eRegulatory Updates\u003c/a\u003e to ensure you don’t miss any critical updates from the renewable industry.\u003c/p\u003e\n","modifiedGmt":"2025-04-08T12:11:19","isSticky":false,"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/Standard-Mercom-85.jpg"}}}],"tenderPosts":[{"id":"cG9zdDo3ODM4Nw==","slug":"italy-floats-tender-for-1-04-gw-agrivoltaic-projects","date":"2025-04-09T10:06:34","title":"Italy Floats Tender for 1.04 GW Agrivoltaic 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Projects","modifiedGmt":"2025-03-24T09:03:13","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Standard-Mercom-58.jpg"}}},{"id":"cG9zdDo3Nzc0MQ==","slug":"aptel-dismisses-wind-developers-plea-for-banking-regulations-relaxation","date":"2025-03-24T12:48:03","title":"APTEL Dismisses Wind Generator’s Plea for Banking Regulations Relaxation","modifiedGmt":"2025-03-24T09:05:36","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Copy-of-Mercom-FI-40.jpg"}}}],"stickyPosts":[{"id":"cG9zdDo3ODMyMg==","slug":"almm-strong-demand-drive-indias-solar-panel-manufacturing-capacity-to-25-3-gw-in-2024","date":"2025-04-08T13:06:52","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78322.mp3?version=1744104672\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eIndia added 25.3 GW of solar module capacity and 11.6 GW of solar cell capacity in calendar year (CY) 2024, according to Mercom\u0026#8217;s recently released \u003ca href=\"https://www.mercomindia.com/product/state-solar-manufacturing-india-2025\" target=\"_blank\" rel=\"noopener\"\u003eState of Solar PV Manufacturing in India 2025\u003c/a\u003e report.\u003c/p\u003e\n\u003cp\u003eThe manufacturing capacity additions in 2024 were primarily driven by demand from the solar project pipeline and the reimposition of the Approved List of Models and Manufacturers (ALMM) order from April 2024.\u003c/p\u003e\n\u003cp\u003ePriyadarshini Sanjay, Managing Director of Mercom India, stated, \u0026#8220;The ALMM List I and List II have been the primary drivers of solar module and cell manufacturing capacity additions in India.\u0026#8221; The manufacturing sector saw a record number of plants come online in 2023 and 2024, banking on the visibility created by the ALMM regulations. The growth in 2024 may appear slow, as the manufacturing sector began adding significant capacity in the previous years. We can expect to see further additions to solar cell manufacturing capacity in the future.\u0026#8221;\u003c/p\u003e\n\u003cp\u003eThe top 10 manufacturers accounted for over 54% of the module and almost 100% of cell production capacity as of December 2024.\u003c/p\u003e\n\u003cp\u003eOver 80% of the installed module manufacturing capacity was equipped to manufacture solar modules in M10 and G12 wafer sizes.\u003c/p\u003e\n\u003cp\u003eAn estimated 64.6 GW of the total module production capacity was enlisted under the ALMM order, as per the updated List–I issued by the Ministry of New and Renewable Energy (MNRE) as of January 6, 2025.\u003c/p\u003e\n\u003cp\u003eMonocrystalline modules, with or without Passivated Emitter and Rear Cell (PERC) technology, accounted for almost 59% of the country\u0026#8217;s module production capacity, followed by Tunnel Oxide Passivated Contact (TOPCon) modules, polycrystalline modules, and thin-film modules.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/report-1-1.png\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-78363 size-full\" src=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/report-1-1.png\" alt=\"\" width=\"1892\" height=\"1198\" srcset=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/report-1-1.png 1892w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/report-1-1-300x190.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/report-1-1-768x486.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/report-1-1-1536x973.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/report-1-1-650x412.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/report-1-1-624x395.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/report-1-1-600x380.png 600w\" sizes=\"(max-width: 1892px) 100vw, 1892px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eBased on the current pipeline, monocrystalline modules are anticipated to account for over 58% of the annual module production capacity and 64% of the cell production capacity by 2027, followed by TOPCon, Heterojunction (HJT), and other technologies.\u003c/p\u003e\n\u003cp\u003eDiscussing the challenges faced by the solar manufacturing sector, Sanjay noted that there is better visibility and policy support to ramp up manufacturing. Financial institutions and investors are now willing to fund manufacturing plants. However, module supply at competitive rates is crucial for developers to quote better tariffs in DISCOM tenders.\u003c/p\u003e\n\u003cp\u003eShe also added that the government needs to make efforts to provide uninterrupted electricity at low prices and low-cost debt. Sanjay also highlighted that one of the challenges faced by manufacturing plants is the acquisition of land. The government must also make government land easily available and leaseable.\u003c/p\u003e\n\u003cp\u003eGujarat was the most preferred location for installing photovoltaic manufacturing facilities, with 42% of the country\u0026#8217;s module capacities located in the state. As of December 2024, Gujarat accounts for over 37% of the country\u0026#8217;s annual solar cell production capacity, the highest in the nation.\u003c/p\u003e\n\u003cp\u003eSanjay added that infrastructure, approvals, and state policies have made Gujarat the favored location for solar manufacturers. \u0026#8220;Gujarat also shares proximity to seaports and is bordered by states with large solar installations. Solar component suppliers also find it logistically feasible to supply to areas with more manufacturing plants. The state also provides timely approvals for manufacturing plants and uninterrupted supply of power,\u0026#8221; added Sanjay.\u003c/p\u003e\n\u003cp\u003eTamil Nadu and Rajasthan were the other top states, accounting for nearly 10% and over 8% of the country\u0026#8217;s solar module production capacity, respectively.\u003c/p\u003e\n\u003cp\u003eHowever, Karnataka and Tamil Nadu were the second and third largest contributors to solar cell production units, accounting for over 18% and 12% of the country\u0026#8217;s total capacity, respectively.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/1744094669382.jpg\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-78349 size-full\" src=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/1744094669382.jpg\" alt=\"\" width=\"800\" height=\"444\" srcset=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/1744094669382.jpg 800w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/1744094669382-300x167.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/1744094669382-768x426.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/1744094669382-650x361.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/1744094669382-624x346.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/1744094669382-600x333.jpg 600w\" sizes=\"(max-width: 800px) 100vw, 800px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u0026nbsp;\u003c/p\u003e\n\u003cp\u003eVarious public sector and government entities issued tenders totaling 9.9 GW to procure solar modules in 2024, representing an increase of over 6% Year-over-Year. In 2024, 1.7 GW of modules and 11.3 MW of cell supply auctions were concluded.\u003c/p\u003e\n\u003cp\u003eIn 2024, a total of 65.9 GW of solar modules and cells were imported. Modules accounted for 36% of the imports, while cells accounted for 64%.\u003c/p\u003e\n\u003cp\u003eDomestic manufacturers exported over 4.5 GW of solar modules in 2024, a 6% decrease from the 4.8 GW exported in 2023.\u003c/p\u003e\n\u003cp\u003e\u0026#8220;While India\u0026#8217;s solar capacity additions have been impressive, the availability of domestically made modules and cells still lags. Average selling prices remain high, sourcing is a challenge, and now the new U.S. tariffs have added more uncertainty. For India to achieve its 280 GW solar target by 2030, it must address these bottlenecks and align its manufacturing capacity expansion policies with its development goals. For manufacturers, relying on exports as a growth strategy is looking increasingly risky right now,\u0026#8221; said Raj Prabhu, CEO of Mercom Capital Group.\u003c/p\u003e\n\u003cp\u003eMercom\u0026#8217;s 2024 State of Solar PV Manufacturing in India Report is 110 pages long and covers all facets of India\u0026#8217;s solar PV manufacturing market, including top manufacturers. For the complete report, visit: \u003ca href=\"https://www.mercomindia.com/product/state-solar-manufacturing-india-2025\" target=\"_blank\" rel=\"noopener\"\u003ehttps://www.mercomindia.com/product/state-solar-manufacturing-india-2025\u003c/a\u003e\u003c/p\u003e\n","title":"ALMM, Strong Demand Drive India’s Solar Panel Manufacturing Capacity to 25.3 GW in 2024","modifiedGmt":"2025-04-08T09:31:07","categories":{"nodes":[{"name":"Manufacturing"},{"name":"Mercom Research Focus"},{"name":"Solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/Standard-Mercom-84.jpg"}},"stickyPostOrderCollection":{"stickyPostOrder":10},"tags":{"nodes":[{"name":"Cell"},{"name":"Manufacturing"},{"name":"Mercom Research Focus"},{"name":"Modules"},{"name":"Report"},{"name":"Solar"}]}},{"id":"cG9zdDo3ODM5Mg==","slug":"600-kw-rooftop-solar-system-akums-drugs","date":"2025-04-09T10:43:39","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78392.mp3?version=1744176383\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003e\u003ca href=\"https://www.akums.in/\" target=\"_blank\" rel=\"noopener\"\u003eAkums Drugs \u0026amp; Pharmaceuticals\u003c/a\u003e, a pharmaceutical manufacturing company in India, has taken a step towards sustainability by installing a 600 kW rooftop solar power system at one of its facilities in Uttarakhand.\u003c/p\u003e\n\u003cp\u003eThe rooftop solar system is spread across 56,000 sq ft and connected to the grid. It is designed to supply a significant portion of the daily electricity requirements. Currently, the system provides approximately 70–80% of the facility\u0026#8217;s energy consumption. While this level of coverage is expected to change over time due to expansion and increased energy needs, it already plays a major role in reducing reliance on conventional electricity.\u003c/p\u003e\n\u003cp\u003eAkums estimates an annual savings of over ₹5 million (~$58,055) in electricity bills from the solar installation. This projection is based on an average of five hours of daily sunlight.\u003c/p\u003e\n\u003cp\u003eVinod Kumar Singh, Project Head, Akums Drugs and Pharmaceuticals, noted that the installation process was completed on schedule with minimal disruption to daily operations. According to the project team, the installer met the industrial project\u0026#8217;s safety and quality standards. Since commissioning, the system has operated as expected, consistently generating electricity and reducing the company\u0026#8217;s use of grid power.\u003c/p\u003e\n\u003cp\u003eAkums reported minimal downtime and few technical issues. Minor maintenance problems, such as dust accumulation on panels or temporary weather-related disruptions, have been addressed quickly by the internal maintenance team and support staff from the installer. Regular inspections and monitoring ensure early identification and resolution of any issues.\u003c/p\u003e\n\u003cp\u003eSolar panel cleaning is carried out every three to six months. Inverters, wiring, and other components are inspected quarterly or annually. The company also monitors energy output using remote tools and on-site inspections.\u003c/p\u003e\n\u003cp\u003eIn the pharmaceutical industry, clean room environments require uninterrupted power supply to maintain controlled temperature, humidity, and air quality conditions. Any disruption can affect product quality and lead to production losses. Akums uses backup power systems such as generators and UPS units to ensure clean rooms are not affected during power outages. Adding solar power increases stability and reduces pressure on the primary grid connection.\u003c/p\u003e\n\u003cp\u003eThe company is not using government subsidies, incentives, or net metering benefits for this solar installation. However, it remains open to evaluating these options in the future.\u003c/p\u003e\n\u003cp\u003eAkums has not yet integrated energy storage solutions into the solar system. However, the company is assessing the potential of adding battery storage to improve energy reliability during periods of low sunlight and further reduce grid dependence.\u003c/p\u003e\n\u003cp\u003eSandeep Jain, Managing Director and Founder of Akums, stated, \u0026#8220;The successful commissioning of our rooftop solar power project is a significant step towards our path to sustainability. This project will assist in lowering energy expenses, reducing our carbon footprint, and promoting a greener tomorrow.\u0026#8221;\u003c/p\u003e\n\u003cp\u003eAkums runs 15 manufacturing units and five research and development facilities.\u003c/p\u003e\n\u003cp\u003eWith low interest rates, government-backed subsidies, and streamlined digital processing, there has never been a better time for companies to invest in solar energy. By adopting solar power, businesses can cut electricity costs and benefit from going green. In the next Mercom India C\u0026amp;I Clean Energy Meet in \u003ca href=\"https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2025-mumbai\" target=\"_blank\" rel=\"noopener\"\u003eMumbai \u003c/a\u003eon April 17, 2025, clean energy solution experts will be providing free consultations on the most lucrative ways of procuring renewable energy to reduce monthly electricity bills.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"mailto:sales@mercomindia.com?subject=Seeking%20Solar%20Installation%20Guidance%20and%20Vendor%20Recommendations%20for%20Business\" target=\"_blank\" rel=\"noopener\"\u003eContact us\u003c/a\u003e if you plan to install solar and need guidance or vendor recommendations.\u003c/p\u003e\n","title":"Akums Drugs Commits to Sustainability, Installs 600 kW Rooftop Solar","modifiedGmt":"2025-04-09T05:26:18","categories":{"nodes":[{"name":"C\u0026I"},{"name":"Rooftop"},{"name":"Solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/New-Project-12.jpg"}},"stickyPostOrderCollection":{"stickyPostOrder":20},"tags":{"nodes":[{"name":"Akums Drugs \u0026 Pharmaceuticals"},{"name":"C\u0026I"},{"name":"Rooftop Solar"},{"name":"Uttarakhand"}]}},{"id":"cG9zdDo3ODMxNg==","slug":"uttar-pradesh-rising-residential-solar-potential","date":"2025-04-08T09:53:53","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78316.mp3?version=1744175793\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eUttar Pradesh, India’s largest state, has demonstrated significant potential for solar adoption. With ample sunshine for most of the year and government programs promoting clean energy usage, the state is emerging as a hub for solar installations, particularly in the residential segment.\u003c/p\u003e\n\u003cp\u003eThe state \u003ca href=\"https://www.mercomindia.com/top-five-states-for-rooftop-solar-installations-in-2024-infographics\" target=\"_blank\" rel=\"noopener\"\u003eranked\u003c/a\u003e among the top states for rooftop solar installations, as per \u003ca href=\"https://www.mercomindia.com/product/rooftop-solar-market-report-q4-2024\" target=\"_blank\" rel=\"noopener\"\u003eMercom India’s Q4 \u0026amp; Annual 2024 India Rooftop Solar Market Report\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eIn 2024, the majority of capacity additions came from the residential segment under the PM Surya Ghar program, accounting for 88.2% of the installations during the period.\u003c/p\u003e\n\u003cp\u003eThe state has been actively promoting the adoption of rooftop solar systems in government, semi-government, and other institutional buildings.\u003c/p\u003e\n\u003cp\u003eRaman Bhatia, the founder of \u003ca href=\"https://www.servotech.in/\" target=\"_blank\" rel=\"noopener\"\u003eServotech Renewable Power Systems\u003c/a\u003e, said, “National initiatives such as the National Solar Mission and PM-KUSUM are supporting the state and encouraging solar adoption in various sectors, including agriculture, which aligns well with Uttar Pradesh\u0026#8217;s agrarian economy.”\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eAmbitious Target\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eInstallers and project developers in the state anticipate installations to grow in the coming years.\u003c/p\u003e\n\u003cp\u003e“The state has set a very ambitious target to achieve by 2027. To promote the adoption of solar energy, the Uttar Pradesh New and Renewable Energy Development Agency employs a range of strategies to promote solar energy, including workshops, radio jingles, and social media. This has helped the state increase awareness,” said Gautam Mohanka, the CEO of \u003ca href=\"https://gautamsolar.com/\" target=\"_blank\" rel=\"noopener\"\u003eGautam Solar.\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e“The plan also envisions developing 16 Solar Cities, with Ayodhya as a model city where 1.35 million houses will be equipped with rooftop solar systems during the policy period, solidifying Uttar Pradesh’s commitment to a sustainable energy future.”\u003c/p\u003e\n\u003cp\u003eInstallers also point out that the market has responded positively to the idea of adopting solar energy.\u003c/p\u003e\n\u003cp\u003eThere is a noticeable increase in environmental consciousness, with many individuals and businesses striving to contribute to achieving net-zero emissions. Solar energy is seen as a practical solution to achieve this goal. The numerous benefits and incentives for solar installations make it an attractive option for many,” said Bhatia.\u003c/p\u003e\n\u003cp\u003eThey recognize that switching to solar is not only cost-effective in the long run but also aligns with their values of sustainability, he added.\u003c/p\u003e\n\u003cp\u003ePolicy support and government initiatives to promote renewable energy have played a crucial role in driving solar adoption.\u003c/p\u003e\n\u003cp\u003e“Earlier, there was limited information about how solar energy worked. However, we have seen a encouraging change in the residential solar market. People consider the cost of setting up a solar system as an investment for the future rather than an expense. With subsidies under the PM Surya Ghar program and loan availability to consumers, we have seen a positive shift in attitude,” said Ashish Singh, Founder of \u003ca href=\"https://www.vortexsolar.in/\" target=\"_blank\" rel=\"noopener\"\u003eVortex Solar Energy.\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e“The monthly installment for loan repayment is, in most cases, less than the bill the consumer might be paying, so it is a win-win situation for them,” he said.\u003c/p\u003e\n\u003cp\u003eSingh pointed out that subsidies are released on time, another motivator for consumers to install solar systems in their homes. Uttar Pradesh’s growing energy demand, driven by industrialization and urbanization, has created a substantial market for renewable energy.\u003c/p\u003e\n\u003cp\u003eGovernment support, combined with incentives, has attracted private sector investment, accelerating the growth of the solar industry. These factors are positioning Uttar Pradesh as a leader in the renewable energy landscape while contributing to sustainable development and energy security,” explained Raman.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/2024-rooftop-installations.png\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-78318 size-full\" src=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/2024-rooftop-installations.png\" alt=\"2024 rooftop installations\" width=\"903\" height=\"557\" srcset=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/2024-rooftop-installations.png 903w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/2024-rooftop-installations-300x185.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/2024-rooftop-installations-768x474.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/2024-rooftop-installations-650x401.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/2024-rooftop-installations-624x385.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/2024-rooftop-installations-600x370.png 600w\" sizes=\"(max-width: 903px) 100vw, 903px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eHow sunny is UP’s future?\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eWhile stakeholders hope for a bright future for solar energy in the state, challenges prevail.\u003c/p\u003e\n\u003cp\u003eInstallers say complaints related to the loan process are common.\u003c/p\u003e\n\u003cp\u003eWhile banks are willing to provide loans for solar installations, the lack of a streamlined process across various banks results in significant delays.\u003c/p\u003e\n\u003cp\u003e“The government has set a benchmark price of ₹180,000 (~$2,079) for a 3 kW solar system. However, dealers often offer installations at ₹150,000 (~$1,732),” said Raman Bhatia of Servotech. This price reduction often comes at the expense of panel quality, with dealers resorting to substandard or even second-hand panels. This practice directly impacts consumers by compromising the system\u0026#8217;s efficiency and longevity.”\u003c/p\u003e\n\u003cp\u003eVortex Solar’s Singh pointed out that consumers are receiving faulty bills.\u003c/p\u003e\n\u003cp\u003e“A major issue that many consumers face is delays in net metering and faulty bills. Many consumers have received faulty bills from distribution companies (DISCOMs). Consumers come to us and ask about discrepancies in bills, but it is not our scope of work.”\u003c/p\u003e\n\u003cp\u003eAnother issue that many have faced is the glitches in the PM Surya Ghar Portal. “The portal seems to be still under development. Recently, there were some issues regarding registration, and the portal could not find the correct address on the map.”\u003c/p\u003e\n\u003cp\u003e“If these issues are addressed on time, Uttar Pradesh could register better growth. The sentiments are positive, and there is a lot of acceptance and awareness among the residents,” said Singh.\u003c/p\u003e\n\u003cp\u003e“The government has set a strict turnaround time mandated for DISCOMs executives. This requirement ensures that every potential customer inquiry or \u0026#8216;lead\u0026#8217; receives a prompt response within 24 hours. The imposition of penalties for non-compliance has significantly improved efficiency and accelerated the adoption of solar energy solutions,” explained Bhatia.\u003c/p\u003e\n\u003cp\u003eThe implementation of the Uttar Pradesh Solar Power Policy 2022, PM-KUSUM, and PM Surya Ghar Muft Bijli Yojana has been quite effective.\u003c/p\u003e\n\u003cp\u003eMohanka said that Uttar Pradesh is poised to play a pivotal role in India’s solar energy market with ambitious targets and robust initiatives.\u003c/p\u003e\n\u003cp\u003eBesides the residential segment, the state is also a \u003ca href=\"https://www.mercomindia.com/the-top-five-states-for-solar-open-access-installations-in-cy-2024\" target=\"_blank\" rel=\"noopener\"\u003egrowing\u003c/a\u003e market for solar open access. It was fifth on the list for solar open-access installations in 2024, accounting for 12% of the total capacity, which increased by 446% YoY from 2023.\u003c/p\u003e\n","title":"Uttar Pradesh Shows Rising Residential Solar Potential, But Issues Prevail","modifiedGmt":"2025-04-09T05:16:14","categories":{"nodes":[{"name":"Mercom Research Focus"},{"name":"Rooftop"},{"name":"Solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/01/Mercom-FI-2025-01-16T110404.960.jpg"}},"stickyPostOrderCollection":{"stickyPostOrder":30},"tags":{"nodes":[{"name":"Featured"},{"name":"In-depth"},{"name":"Residential"},{"name":"Rooftop"},{"name":"Solar"},{"name":"UP"}]}},{"id":"cG9zdDo3ODMwNA==","slug":"solar-is-the-top-choice-for-telecom-industry-with-1250-mw-in-the-pipeline-interview","date":"2025-04-07T16:33:23","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/04/amazon_polly_78304.mp3?version=1744175858\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eIndia currently has around 824,000 telecom towers and 2.98 million base transceiver stations, which collectively consume approximately 70 TWh/70,000 GWh of energy annually. This results in over 49 million tons of carbon emissions annually, underscoring the urgent need for the telecom sector to transition to renewable energy sources.\u003c/p\u003e\n\u003cp\u003eThe Digital Infrastructure Providers Association (\u003ca href=\"https://dipa.co.in/index.php\" target=\"_blank\" rel=\"noopener\"\u003eDIPA\u003c/a\u003e) collaborates closely with government bodies to implement regulatory changes that support the telecom infrastructure.\u003c/p\u003e\n\u003cp\u003eIn an exclusive interview with Mercom India, Manoj Kumar Singh, Director General of the Digital Infrastructure Providers Association, discussed the power demand from the telecom industry, its efforts to shift to renewable energy, and the impediments to large-scale transitioning to renewables.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eCan you provide an overview of DIPA, including its functions and the various segments of the telecom industry it represents?\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eDIPA serves as the apex think tank for India\u0026#8217;s digital infrastructure landscape.\u003c/p\u003e\n\u003cp\u003eIt represents companies that develop, build, own, and operate the nation\u0026#8217;s wireless infrastructure. Its membership includes a diverse group of organizations, from infrastructure providers and equipment manufacturers to electric vehicle charging infrastructure and fiber deployers.\u003c/p\u003e\n\u003cp\u003eThe association collaborates closely with various government bodies involved in the telecom infrastructure sector. Through these collaborations, it advocates for regulatory reforms that support the collective interests of its industry.\u003c/p\u003e\n\u003cp\u003eDIPA\u0026#8217;s Green Energy Committee focuses specifically on sustainability initiatives, working toward making the sector a zero-carbon enabler. The committee focuses on enhancing energy consumption efficiency, grid optimization, developing an energy framework, exploring next-generation renewable technologies, promoting green energy open access, and facilitating India\u0026#8217;s net-zero transition.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat is the estimated power requirement and carbon footprint of the telecom industry?\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIndia\u0026#8217;s telecom infrastructure consumes approximately 70 TWh/70,000 GWh of energy annually, resulting in around 49 million tons of carbon emissions per year.\u003c/p\u003e\n\u003cp\u003eWith approximately 824,000 telecom towers and 2.98 million base transceiver stations deployed nationwide, the sector requires substantial energy to maintain its impressive 99.95% uptime.\u003c/p\u003e\n\u003cp\u003eThe industry has already made substantial progress in reducing its environmental impact. Currently, there are approximately 23,000 solar-powered sites and 223,000 diesel-free towers nationwide, which dramatically reduces dependence on diesel generators. The number of diesel-free sites has increased impressively from 90,911 in December 2016 to 223,177 by March 2024, resulting in annual diesel savings of around 550 million liters.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat are the major challenges faced by the telecom industry in shifting to renewable energy?\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe telecom sector, which accounts for approximately 9% of the nation\u0026#8217;s carbon emissions, faces several significant challenges in transitioning to renewable energy.\u003c/p\u003e\n\u003cp\u003eWhile the central government has outlined a clear green energy open access policy and amended rules, differences in state-level implementation create inconsistencies and obstacles for stakeholders.\u003c/p\u003e\n\u003cp\u003eTelecom operations spanning the country require coordination with numerous distribution companies, each with its own unique specifications and approval processes. The lack of uniformity in approval processes leads to delays in deployment and complicates access to green energy.\u003c/p\u003e\n\u003cp\u003eThe rollout of 5G networks presents both challenges and opportunities. While 5G requires nearly three times as many base stations as long-term evolution for similar coverage, it offers superior energy efficiency per data unit transmitted.\u003c/p\u003e\n\u003cp\u003eWhile policies support aggregated energy consumption for smaller consumers, the technology and infrastructure needed to integrate multiple sites efficiently have yet to be adopted at the ground level on a large scale.\u003c/p\u003e\n\u003cp\u003eTo overcome these challenges, a collaborative approach between industry stakeholders, state regulators, and technology providers is essential. It is also crucial to streamline approval processes, ensure policy uniformity across states, and expedite technological integration to facilitate a seamless transition to green energy.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eHow are telecom companies balancing the initial capital expenditure of renewable installations against long-term operational savings?\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eTelecom companies are strategically balancing the high initial capital expenditure of renewable energy installations against long-term operational savings through multiple approaches.\u003c/p\u003e\n\u003cp\u003eSolar electricity now costs between ₹2.25 (~$0.026)/kWh and ₹3.5 (~$0.04)/kWh (excluding transmission loss charges and other overheads), compared to ₹25 (~$0.29)/kWh to ₹ 30 (~$0.35)/kWh for diesel generation. Leading telecom infrastructure providers report 15-20% lower operational expenses at sites powered by clean energy compared to those powered by the conventional grid. With energy costs representing approximately 30% of network operational expenses, the financial benefits are substantial.\u003c/p\u003e\n\u003cp\u003eGiven the intermittent nature of renewable energy generation, energy banking provisions enable industries to store excess energy and utilize it during periods of peak or off-peak demand. Renewable energy certificates for unutilized energy provide further incentives.\u003c/p\u003e\n\u003cp\u003eVarious financial incentives and relief measures, including subsidies, tax benefits, and concessional financing, help reduce the financial burden. Many telecom firms are entering into long-term power purchase agreements with renewable energy generators to procure green power at stable, lower costs without incurring high initial investments.\u003c/p\u003e\n\u003cp\u003eThe government also promotes multi-utility use of telecom towers, integrating renewable energy solutions across all sites to enhance energy efficiency and maximize infrastructure utilization.\u003c/p\u003e\n\u003cp\u003eThe collective impact of this digital transformation has been substantial across various sectors, resulting in a 45% reduction in paper-related carbon emissions, a 30% decrease in transportation-related emissions, and a 50% decrease in energy consumption from physical infrastructure.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhich type of renewable energy is largely preferred by the telecom industry?\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eSolar energy has emerged as the preferred renewable energy source for the telecom industry. The sector\u0026#8217;s energy requirements are enormous and growing rapidly, projected to increase by 10% annually through 2025, driven primarily by the rollout of 5G technology. Each 5G base station requires roughly two to three times more power than its 4G predecessor, creating an urgent need for sustainable energy solutions.\u003c/p\u003e\n\u003cp\u003eThe telecom industry has transitioned from using 4 kW- 5 kW solar systems to 10 kW setups at tower sites due to the deployment of additional base transceiver stations for 4G and 5G networks. However, approximately 35-40% of telecom tower sites still rely on diesel generators for backup power.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhich among rooftop solar, open access, captive, and group captive modes is the industry\u0026#8217;s preferred choice?\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eWith 1,623 infrastructure provider registrations as of December 2024, the selection of an energy model depends on factors unique to each provider. Rooftop solar is suitable for localized power generation, open-access, and captive models that facilitate large-scale procurement of renewable energy. The group captive model is often preferred for its ability to reduce costs and ensure a stable power supply while avoiding certain regulatory surcharges.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhich parts of the telecom industry are powered by renewable energy? Are there any that are completely powered by renewable energy?\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eBoth telecom operators and infrastructure providers are actively integrating renewable energy solutions. The transition from traditional power sources to renewable energy is still in its early stages, with full-scale adoption ongoing. Certain telecom sites, such as solar-powered towers and diesel-free facilities, are already operating on renewable energy sources. However, a completely renewable-powered telecom network is yet to be achieved.\u003c/p\u003e\n\u003cp\u003eThe integration of smart grid technologies represents another critical dimension of the telecom sector\u0026#8217;s energy transformation. Advanced forecasting systems now accurately predict renewable energy generation patterns, enabling operators to optimize energy usage and storage. These intelligent systems have dramatically reduced energy wastage across early-adopting telecom installations.\u003c/p\u003e\n\u003cp\u003eThe Ministry of Power has recognized this opportunity through its 2024 Smart Grid Implementation Framework, which prioritizes telecommunications infrastructure in grid modernization efforts. This framework includes provisions for dedicated renewable energy feeders for telecom installations, ensuring power reliability while maintaining sustainability goals.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eCan you share any major projects planned by the industry to make a significant shift to renewables?\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe telecom industry sector is set to install approximately 1,250 MW of solar capacity, considering that 70% of electricity board consumption is to be substituted with solar group captive projects backed by a substantial ₹50 billion (~$585.1 million) investment commitment.\u003c/p\u003e\n\u003cp\u003eAdditionally, approximately 4,000 locations have been earmarked for renewables integration. Solar power projects of 50 MW and 75 MW capacity have been proposed, with approximately ₹2.5 billion (~$29.25 million) in investments projected to be received.\u003c/p\u003e\n\u003cp\u003eMobile tower installation company Indus Towers has signed a memorandum of understanding with NTPC Green Energy to create grid-connected renewable energy solutions, including solar, wind, and energy storage systems.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eGiven the intermittency of renewables, is the telecom industry considering integrating energy storage systems to ensure an uninterrupted power supply?\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe telecommunications industry is actively integrating battery energy storage systems (BESS) to ensure reliable and uninterrupted network operations. BESS minimizes service disruptions by providing stable power during outages, reducing dependence on costly diesel generators.\u003c/p\u003e\n\u003cp\u003eTelecom operators are increasingly adopting advanced lithium-ion batteries and power management systems to enhance network resilience and efficiency. The advancement in energy storage technology has been pivotal in enabling the telecom sector\u0026#8217;s transition to renewable energy. Lithium-ion prices, which have fallen by 89% since 2010, have made energy storage economically viable for telecom applications. The latest generation of lithium-ferro-phosphate batteries deployed at telecom sites offer 3,500 discharge cycles, a 40% improvement over previous generations, transforming the economics of renewable energy storage.\u003c/p\u003e\n","title":"Solar is the Top Choice for Telecom Industry with 1,250 MW in the Pipeline: Interview","modifiedGmt":"2025-04-09T05:17:20","categories":{"nodes":[{"name":"Renewable Energy"},{"name":"Solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/1744023513314.jpg"}},"stickyPostOrderCollection":{"stickyPostOrder":40},"tags":{"nodes":[{"name":"5G"},{"name":"DIPA"},{"name":"Interview"},{"name":"Renewable Energy"},{"name":"Solar"},{"name":"telecom industry"}]}}],"popularPostsLastFourteenDays":{"posts":{"nodes":[{"id":"cG9zdDo3NzMzMQ==","slug":"adani-sprng-illuminate-and-avaada-win-nhpcs-1-2-gw-hybrid-power-auction","date":"2025-03-11T13:43:09","title":"Adani, Sprng, Mahindra and Avaada Win 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