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Archive - Mercom India
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MercomIndia.com delivers energy news, research and market analysis for India's renewable and clean energy market."/><link rel="preload" as="image" imageSrcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T160303.116.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T160303.116.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T160303.116.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T160303.116.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T160303.116.jpg&w=1080&q=75 1080w, 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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></div></div></div></div></div><div class="main-content"><div class="styles_container__y7euV"><div class="styles_content__uVpvM"><div class="styles_container__LujUH"><div class="styles_content__kmDUm"><h1 class="styles_pageTitle__60Sp0">Archive</h1><div><div class="styles_container__TFaNi"><a href="/shriram-finance-secures-150-million-from-adb-for-ev-financing" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><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%2F03%2FCopy-of-Mercom-FI-2025-03-27T160303.116.jpg&w=600&q=75 600w, 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/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T160303.116.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T160303.116.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T160303.116.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__cJW3z"><a href="/shriram-finance-secures-150-million-from-adb-for-ev-financing" class="styles_title__1_iL8">Shriram Finance Secures $150 Million from ADB for EV Financing</a><p class="styles_desc__hJut5">Non-banking financial services company Shriram Finance has secured a $150 million loan from the Asian Development Bank (ADB) to enhance access to finance for electric...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">March 27, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Staff</p><p class="styles_slash__BXBoW">/</p><a href="/category/electric-vehicles" class="styles_entry__TF29t"><span>Electric Vehicles</span><p class="styles_comma__WZde1">,</p></a><a href="/category/finance-and-ma" class="styles_entry__TF29t"><span>Finance and M&A</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/nhpc-tenders-1-2-gw-solar-projects-with-energy-storage-systems" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><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%2F03%2FNHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FNHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FNHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FNHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FNHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FNHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FNHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FNHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FNHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FNHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.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__cJW3z"><a href="/nhpc-tenders-1-2-gw-solar-projects-with-energy-storage-systems" class="styles_title__1_iL8">NHPC Tenders 1.2 GW Solar Projects with Energy Storage Systems</a><p class="styles_desc__hJut5">NHPC has issued a request for selection to set up 1,200 MW interstate transmission system (ISTS)-connected solar projects with a 600 MW/ 2,400 MWh energy storage system...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">March 27, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Tina Freese</p><p class="styles_slash__BXBoW">/</p><a href="/category/energy-storage" class="styles_entry__TF29t"><span>Energy Storage</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span><p class="styles_comma__WZde1">,</p></a><a href="/category/tenders-auctions" class="styles_entry__TF29t"><span>Tenders & Auctions</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/daily-news-wrap-up-jvvnl-tenders-112-mw-solar-projects-under-kusum" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><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%2F03%2FCopy-of-Mercom-FI-2025-03-27T105954.767.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T105954.767.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T105954.767.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T105954.767.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T105954.767.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T105954.767.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T105954.767.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T105954.767.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T105954.767.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T105954.767.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__cJW3z"><a href="/daily-news-wrap-up-jvvnl-tenders-112-mw-solar-projects-under-kusum" class="styles_title__1_iL8">Daily News Wrap-Up: JVVNL Tenders 112 MW Solar Projects Under KUSUM</a><p class="styles_desc__hJut5">Jaipur Vidyut Vitran Nigam issued an expression of interest for implementing 112.6 MW of decentralized solar projects in Rajasthan under Component A of the Pradhan...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">March 27, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Mercom Staff</p><p class="styles_slash__BXBoW">/</p><a href="/category/daily-wrap-up" class="styles_entry__TF29t"><span>Daily Wrap-up</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/jinkosolar-q4-revenue-drops" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><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%2F2024%2F02%2FTorrent-Powers-Q3-Profit-Falls-46-YoY-to-%25E2%2582%25B93.74-Billion-As-Fuel-Expenses-Surge.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F02%2FTorrent-Powers-Q3-Profit-Falls-46-YoY-to-%25E2%2582%25B93.74-Billion-As-Fuel-Expenses-Surge.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F02%2FTorrent-Powers-Q3-Profit-Falls-46-YoY-to-%25E2%2582%25B93.74-Billion-As-Fuel-Expenses-Surge.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F02%2FTorrent-Powers-Q3-Profit-Falls-46-YoY-to-%25E2%2582%25B93.74-Billion-As-Fuel-Expenses-Surge.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F02%2FTorrent-Powers-Q3-Profit-Falls-46-YoY-to-%25E2%2582%25B93.74-Billion-As-Fuel-Expenses-Surge.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F02%2FTorrent-Powers-Q3-Profit-Falls-46-YoY-to-%25E2%2582%25B93.74-Billion-As-Fuel-Expenses-Surge.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F02%2FTorrent-Powers-Q3-Profit-Falls-46-YoY-to-%25E2%2582%25B93.74-Billion-As-Fuel-Expenses-Surge.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F02%2FTorrent-Powers-Q3-Profit-Falls-46-YoY-to-%25E2%2582%25B93.74-Billion-As-Fuel-Expenses-Surge.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F02%2FTorrent-Powers-Q3-Profit-Falls-46-YoY-to-%25E2%2582%25B93.74-Billion-As-Fuel-Expenses-Surge.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F02%2FTorrent-Powers-Q3-Profit-Falls-46-YoY-to-%25E2%2582%25B93.74-Billion-As-Fuel-Expenses-Surge.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__cJW3z"><a href="/jinkosolar-q4-revenue-drops" class="styles_title__1_iL8">JinkoSolar’s Q4 Revenue Drops 37% YoY Due to Lower Module Prices</a><p class="styles_desc__hJut5">China-based solar cell and module manufacturer JinkoSolar’s revenue dipped 37.1% year-over-year (YoY) to RMB20.65 billion (~$2.83 billion) in the fourth quarter (Q4) of...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">March 27, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arjun Joshi</p><p class="styles_slash__BXBoW">/</p><a href="/category/finance-and-ma" class="styles_entry__TF29t"><span>Finance and M&A</span><p class="styles_comma__WZde1">,</p></a><a href="/category/other" class="styles_entry__TF29t"><span>Other</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/canadian-solar-misses-expectations-in-q4" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><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%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F02%2FREC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.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__cJW3z"><a href="/canadian-solar-misses-expectations-in-q4" class="styles_title__1_iL8">Canadian Solar Misses Expectations as Revenue Falls 11% YoY in Q4</a><p class="styles_desc__hJut5">Solar module manufacturer Canadian Solar generated $1.52 billion in revenue in the fourth quarter (Q4) of 2024, reflecting an 11% year-over-year decline due to lower...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">March 27, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arjun Joshi</p><p class="styles_slash__BXBoW">/</p><a href="/category/finance-and-ma" class="styles_entry__TF29t"><span>Finance and M&A</span><p class="styles_comma__WZde1">,</p></a><a href="/category/other" class="styles_entry__TF29t"><span>Other</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/indias-solar-exports-decline-16-yoy-in-2024-imports-down-10" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><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%2F03%2FCopy-of-Mercom-FI-2025-03-27T101356.956.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T101356.956.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T101356.956.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T101356.956.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T101356.956.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T101356.956.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T101356.956.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T101356.956.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T101356.956.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FCopy-of-Mercom-FI-2025-03-27T101356.956.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__cJW3z"><a href="/indias-solar-exports-decline-16-yoy-in-2024-imports-down-10" class="styles_title__1_iL8">India’s Solar Exports Decline 16% YoY in 2024, Imports Down 10%</a><p class="styles_desc__hJut5">Indian solar module and cell exports decreased 16% year-over-year (YoY) to $1.5 billion (~₹129.4 billion) in 2024 from $1.8 billion (~₹152 billion), according to recent...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">March 27, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Prabha P P</p><p class="styles_slash__BXBoW">/</p><a href="/category/mercom-research-focus" class="styles_entry__TF29t styles_highlight__wmq5x"><span>Mercom Research Focus</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/germany-awards-317-mw-rooftop-solar-auction" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><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%2F2024%2F11%2FMadhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FMadhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FMadhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FMadhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FMadhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FMadhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FMadhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FMadhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FMadhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FMadhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.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__cJW3z"><a href="/germany-awards-317-mw-rooftop-solar-auction" class="styles_title__1_iL8">Germany Awards 317 MW of Rooftop Solar Capacity in Latest Auction</a><p class="styles_desc__hJut5">Germany’s Federal Network Agency (Bundesnetzagentur) has awarded a total rooftop solar capacity of 316,964 kW in 143 bids for the latest auction. The lowest...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">March 27, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arjun Joshi</p><p class="styles_slash__BXBoW">/</p><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span><p class="styles_comma__WZde1">,</p></a><a href="/category/tenders-auctions" class="styles_entry__TF29t"><span>Tenders & Auctions</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/solar-powered-clinics-on-boats-a-boon-for-people-in-remote-assam-villages" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><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%2F03%2FSolar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FSolar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FSolar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FSolar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FSolar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FSolar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FSolar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FSolar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FSolar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FSolar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.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__cJW3z"><a href="/solar-powered-clinics-on-boats-a-boon-for-people-in-remote-assam-villages" class="styles_title__1_iL8">Solar-Powered Clinics on Boats a Boon for People in Remote Assam Villages</a><p class="styles_desc__hJut5">In the river-locked villages of Assam, accessible only by boats, people faced a lack of primary health services for generations. To access basic healthcare, villagers...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">March 27, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Tina Freese</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/reias-justify-charging-trading-margin-want-issue-settled-with-discoms" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><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%2F03%2FStandard-Mercom-69.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FStandard-Mercom-69.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FStandard-Mercom-69.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FStandard-Mercom-69.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FStandard-Mercom-69.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FStandard-Mercom-69.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FStandard-Mercom-69.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FStandard-Mercom-69.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FStandard-Mercom-69.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2025%2F03%2FStandard-Mercom-69.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__cJW3z"><a href="/reias-justify-charging-trading-margin-want-issue-settled-with-discoms" class="styles_title__1_iL8">REIAs Justify Charging Trading Margin, Want Issue Settled with DISCOMs</a><p class="styles_desc__hJut5">A ₹0.07 (~$0.0008)/kWh trading margin and the discovered tariff have become a bone of contention between renewable energy implementing agencies (REIAs) and buying...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">March 27, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">B.S. 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The last date to...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">March 26, 2025</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Melvin Mathew</p><p class="styles_slash__BXBoW">/</p><a href="/category/grid" class="styles_entry__TF29t"><span>Grid</span><p class="styles_comma__WZde1">,</p></a><a href="/category/td" class="styles_entry__TF29t"><span>T&D</span><p class="styles_comma__WZde1">,</p></a><a href="/category/tender-auction" class="styles_entry__TF29t"><span>Tenders & Auctions</span></a></div></div></div></div><div class="styles_pagination__N_Nyi"><div class="styles_container__VevPT styles_green__nVNPU"><div class="styles_prev__Z1sux"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="chevron-left" class="svg-inline--fa fa-chevron-left " role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 384 512"><path fill="currentColor" d="M41.4 233.4c-12.5 12.5-12.5 32.8 0 45.3l192 192c12.5 12.5 32.8 12.5 45.3 0s12.5-32.8 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type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2025/03/amazon_polly_77920.mp3?version=1743071869\"\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\u003eNon-banking financial services company \u003ca href=\"https://www.shriramfinance.in/\" target=\"_blank\" rel=\"noopener\"\u003eShriram Finance\u003c/a\u003e has secured a $150 million loan from the Asian Development Bank (\u003ca href=\"https://www.adb.org/\" target=\"_blank\" rel=\"noopener\"\u003eADB\u003c/a\u003e) to enhance access to finance for electric vehicles (EVs) and low-emission commercial vehicles in India.\u003c/p\u003e\n\u003cp\u003eThe funding is part of a larger $306 million financing package, which includes an additional $150 million from the Japan International Cooperation Agency (JICA) and ₹500 million (~$5.83 million) from the Export-Import Bank in India.\u003c/p\u003e\n\u003cp\u003eThe initiative aims to support India’s transition to sustainable transportation by increasing the adoption of EVs and Bharat Stage VI-compliant vehicles for business purposes.\u003c/p\u003e\n\u003cp\u003eThe financing agreement aligns with the Indian government’s EV30@30 initiative, which aims to achieve 30% of all new vehicle sales to be electric by 2030.\u003c/p\u003e\n\u003cp\u003eThe funding will enable Shriram Finance to expand its EV financing operations, particularly benefiting businesses in rural and semi-urban areas.\u003c/p\u003e\n\u003cp\u003eShriram Finance has assets under management of ₹2.54 trillion (~$29.60 billion).\u003c/p\u003e\n\u003cp\u003eADB Country Director for India Mio Oka said partnering with Shriram Finance will accelerate the transition to electric mobility, which is crucial for reducing air pollution and achieving India’s climate goals.\u003c/p\u003e\n\u003cp\u003eEV sales in India \u003ca href=\"https://www.mercomindia.com/electric-vehicle-sales-2024\" target=\"_blank\" rel=\"noopener\"\u003ereached\u003c/a\u003e a record 1.95 million units in 2024, representing a 27% increase from the 1.53 million units sold in 2023. EVs accounted for 3.6% of overall automobile sales, according to data released by the Ministry of Road Transport and Highways through its Vahan Dashboard.\u003c/p\u003e\n\u003cp\u003eIn October 2024, ADB \u003ca href=\"https://www.mercomindia.com/adb-approves-434-25-million-loan-for-renewable-energy-projects-in-assam\" target=\"_blank\" rel=\"noopener\"\u003eapproved\u003c/a\u003e a $434.25 million loan to increase renewable energy capacity and improve energy security in Assam. The loan will fund a 500 MW solar project integrated with a battery energy storage system.\u003c/p\u003e\n\u003cp\u003eIn the same month, ADB \u003ca href=\"https://www.mercomindia.com/adb-to-invest-certified-climate-bond-issue\" target=\"_blank\" rel=\"noopener\"\u003einvested\u003c/a\u003e $25 million in a certified climate bond issue by Vivriti Capital. The proceeds will be used to finance companies operating in sectors such as electric vehicles, solar and wind energy, and waste management.\u003c/p\u003e\n","title":"Shriram Finance Secures $150 Million from ADB for EV Financing","modifiedGmt":"2025-03-27T10:37:01","categories":{"nodes":[{"name":"Electric Vehicles","slug":"electric-vehicles"},{"name":"Finance and M\u0026A","slug":"finance-and-ma"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Copy-of-Mercom-FI-2025-03-27T160303.116.jpg"}},"author":{"node":{"name":"Staff"}}},{"id":"cG9zdDo3NzkxMA==","slug":"nhpc-tenders-1-2-gw-solar-projects-with-energy-storage-systems","date":"2025-03-27T11:23:29","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/2025/03/amazon_polly_77910.mp3?version=1743054869\"\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.nhpcindia.com/\" target=\"_blank\" rel=\"noopener\"\u003eNHPC\u003c/a\u003e has issued a request for selection to set up 1,200 MW interstate transmission system (ISTS)-connected solar projects with a 600 MW/ 2,400 MWh energy storage system (ESS) anywhere in India.\u003c/p\u003e\n\u003cp\u003eThe tender has a greenshoe option of up to 1,200 MW.\u003c/p\u003e\n\u003cp\u003eBids must be submitted by April 24, 2025. Bids will open on April 29.\u003c/p\u003e\n\u003cp\u003eBidders must submit a bid security of ₹942,000 (~$10,974) per the rated cumulative installed capacity of solar components.\u003c/p\u003e\n\u003cp\u003eThey must also furnish ₹1.3 million (~$15,145.4) per rated cumulative installed capacity of the ESS component as part of the bid security.\u003c/p\u003e\n\u003cp\u003eBidders are required to submit a processing fee, excluding 18% GST, as follows:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003eFor 50 MW, bidders must furnish ₹300,000 (~$3,495)\u003c/li\u003e\n\u003cli\u003eFor above 50 MW and up to 100 MW, ₹500,000 (~$5,825)\u003c/li\u003e\n\u003cli\u003eFor above 100 MW and up to 250 MW, ₹1 million (~$11,650)\u003c/li\u003e\n\u003cli\u003eFor above 250 and up to 500 MW, ₹2 million (~$23,303)\u003c/li\u003e\n\u003cli\u003eAbove 500 MW, ₹3 million (~$34,954)\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eNHPC will enter into a power purchase agreement with the selected bidders for 25 years.\u003c/p\u003e\n\u003cp\u003eBidders must use commercially established and operational technologies to minimize risk and achieve timely project commissioning. They must only use cells and modules from the Approved List of Models and Manufacturers.\u003c/p\u003e\n\u003cp\u003eBidders can offer projects at multiple locations, provided that each project has a minimum capacity of 50 MW, with a minimum ESS component of 25 MW/100 MWh. The cumulative capacity offered should not exceed 600 MW (with a minimum ESS component of 300 MW/1,200 MWh) without a greenshoe option.\u003c/p\u003e\n\u003cp\u003eThe net worth of the bidders must exceed the bid security deposited. They must have an annual turnover of ₹4.7 million (~$54,764) per the rated cumulative installed capacity of solar components plus ₹6.8 million (~$79,232) per the rated cumulative installed capacity of the ESS components.\u003c/p\u003e\n\u003cp\u003eDevelopers who have already commissioned solar projects or are in the process of installing such projects and have untied capacity can place bids. Similarly, developers who have already set up capacity or have spare untied capacity can also participate in the tender.\u003c/p\u003e\n\u003cp\u003eIn January, NHPC \u003ca href=\"https://www.mercomindia.com/nhpc-floats-tender-for-24-mw-rooftop-solar-projects-on-government-buildings\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids for setting up a cumulative 24.22 MW rooftop solar projects on 245 government buildings in 25 states/union territories under the renewable energy service company model.\u003c/p\u003e\n\u003cp\u003eSubscribe to Mercom’s India \u003ca href=\"https://www.mercomindia.com/product/india-solar-tender-tracker\" target=\"_blank\" rel=\"noopener\"\u003eSolar Tender Tracker\u003c/a\u003e for timely updates on all solar tenders issued by various agencies in India.\u003c/p\u003e\n","title":"NHPC Tenders 1.2 GW Solar Projects with Energy Storage Systems","modifiedGmt":"2025-03-27T05:53:29","categories":{"nodes":[{"name":"Energy Storage","slug":"energy-storage"},{"name":"Solar","slug":"solar"},{"name":"Tenders \u0026 Auctions","slug":"tenders-auctions"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/NHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.jpg"}},"author":{"node":{"name":"Tina Freese"}}},{"id":"cG9zdDo3NzkwNQ==","slug":"daily-news-wrap-up-jvvnl-tenders-112-mw-solar-projects-under-kusum","date":"2025-03-27T11:03:00","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/2025/03/amazon_polly_77905.mp3?version=1743053634\"\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\u003eJaipur Vidyut Vitran Nigam \u003ca href=\"https://www.mercomindia.com/jaipur-discom-tenders-112-mw-solar-projects-under-pm-kusum\" target=\"_blank\" rel=\"noopener\"\u003eissued\u003c/a\u003e an expression of interest for implementing 112.6 MW of decentralized solar projects in Rajasthan under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM). Bids must be submitted by April 24, 2025. Bids will be opened on April 28.\u003c/p\u003e\n\u003cp\u003eSingareni Collieries Company, a government-owned coal mining company, \u003ca href=\"https://www.mercomindia.com/singareni-collieries-floats-tenders-for-137-mw-solar-projects-in-telangana\" target=\"_blank\" rel=\"noopener\"\u003efloated\u003c/a\u003e two tenders to develop solar projects with a cumulative capacity of 137 MW, in Telangana.\u003c/p\u003e\n\u003cp\u003eThe Assam Power Distribution Company \u003ca href=\"https://www.mercomindia.com/assam-invites-bids-for-pooling-substation-for-1-gw-solar-project\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids to develop a 400 kV/33 kV pooling substation for a 1 GW solar power project in Assam. The last date to submit bids is May 5, 2025. Bids will be opened on the same day. The project entails the design, engineering, manufacture, erection, and commissioning of the pooling substation for the 1 GW solar project in Karbi, Anglong district. The project must be completed within 18 months.\u003c/p\u003e\n\u003cp\u003eSolar power generation \u003ca href=\"https://www.mercomindia.com/solar-generation-sees-sudden-dips-in-north-india-due-to-cloud-cover\" target=\"_blank\" rel=\"noopener\"\u003eexperienced\u003c/a\u003e sudden dips between December 2024 and February 2025 due to cloud cover over large swathes of northern India, resulting in demand-supply gaps that led to low frequency and localized high voltages in the grid. Solar generation experienced significant drops from the previous day on seven occasions during the three-month period. The highest drop was seen on February 25, when the difference in generation from the previous day was 33.33%.\u003c/p\u003e\n\u003cp\u003eAdani New Industries, a subsidiary of Adani Enterprises, \u003ca href=\"https://www.mercomindia.com/adani-new-industries-incorporates-subsidiary-for-solar-manufacturing\" target=\"_blank\" rel=\"noopener\"\u003eincorporated\u003c/a\u003e a wholly owned subsidiary for solar manufacturing, Adani New Industries One, investing ₹100,000 (~$1,167) for 10,000 equity shares. In a BSE filing, the company stated that the subsidiary will trade and supply all types of components, equipment, and materials for solar and wind energy manufacturing, including solar panels, inverters, wind turbines, blades, and related equipment.\u003c/p\u003e\n\u003cp\u003eGovernment-owned lender Indian Renewable Energy Development Agency (IREDA) \u003ca href=\"https://www.mercomindia.com/ireda-raises-%E2%82%B99-1-billion-through-privately-placed-tier-ii-bonds\" target=\"_blank\" rel=\"noopener\"\u003eraised\u003c/a\u003e ₹9.1 billion (~$106.16 million) by issuing privately placed subordinated Tier II bonds. This financing is for a 10-year tenure at an annual coupon rate of 7.74%. The issuance of Tier-II Bonds aims to tap into the current financial market’s liquidity and support the company’s borrowing plan. IREDA aims to use the funds to enhance its Tier-II capital to increase its net worth and capital risk-weighted assets ratio.\u003c/p\u003e\n\u003cp\u003eGurugram-based renewable energy services company BluPine Energy \u003ca href=\"https://www.mercomindia.com/blupine-energy-secures-%E2%82%B917-87-billion-from-nabfid-for-renewables-expansion\" target=\"_blank\" rel=\"noopener\"\u003esecured\u003c/a\u003e ₹17.87 billion (~$210 million) in structured financing from the National Bank for Financing Infrastructure and Development (NaBFID). The transaction is structured around creating a restricted group of 14 special purpose vehicles spanning Punjab, Uttarakhand, and Karnataka, with a mix of central and state off-takers. BluPine Energy aims to use the funds to optimize its financial structuring, enhance operational efficiency, and drive long-term portfolio expansion.\u003c/p\u003e\n\u003cp\u003eIndependent power producer AMPIN Energy Transition \u003ca href=\"https://www.mercomindia.com/ampin-energy-secures-50-million-investment-from-siemens-financial-services\" target=\"_blank\" rel=\"noopener\"\u003esecured\u003c/a\u003e an investment of $50 million (~₹4.28 billion) from Siemens Financial Services, the financing arm of Siemens AG. The investment will strengthen AMPIN’s position in India’s renewable energy transition. It will also fuel the company’s growth in commercial and industrial, and utility-scale renewable energy projects. The transaction is AMPIN’s third major investment this financial year, bringing the total equity capital raised to $270 million (~₹23.12 billion) this year.\u003c/p\u003e\n\u003cp\u003eGlobal alternative asset management firm TPG \u003ca href=\"https://www.mercomindia.com/tpg-acquires-siemens-gamesas-india-and-sri-lanka-wind-businesses\" target=\"_blank\" rel=\"noopener\"\u003eacquired\u003c/a\u003e a majority stake in Siemens Gamesa’s onshore wind turbine manufacturing business in India and Sri Lanka. Following the transaction, a new independent company will be established to build a business to manufacture, install, and service onshore wind turbines to capitalize on India’s wind market potential. Siemens Gamesa will divest 90% of its wind business in India and Sri Lanka, retaining a 10% stake in the transferred business.\u003c/p\u003e\n","title":"Daily News Wrap-Up: JVVNL Tenders 112 MW Solar Projects Under KUSUM","modifiedGmt":"2025-03-27T05:33:00","categories":{"nodes":[{"name":"Daily Wrap-up","slug":"daily-wrap-up"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Copy-of-Mercom-FI-2025-03-27T105954.767.jpg"}},"author":{"node":{"name":"Mercom Staff"}}},{"id":"cG9zdDo3Nzg5OA==","slug":"jinkosolar-q4-revenue-drops","date":"2025-03-27T10:27:48","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/2025/03/amazon_polly_77898.mp3?version=1743051535\"\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\u003eChina-based solar cell and module manufacturer \u003ca href=\"https://www.jinkosolar.com/en/\" target=\"_blank\" rel=\"noopener\"\u003eJinkoSolar\u003c/a\u003e’s revenue dipped 37.1% year-over-year (YoY) to RMB20.65 billion (~$2.83 billion) in the fourth quarter (Q4) of 2024, primarily due to a decline in the average selling price of solar modules caused by an industry-wide supply-demand imbalance.\u003c/p\u003e\n\u003cp\u003eAdjusted net loss for the quarter was RMB381.3 million (~$52.2 million), compared with net income of RMB462.7 million (~$63.4 million) in Q4 2023. Falling module prices, increased cost pressures, and overall unfavorable market conditions drove the decline in profitability.\u003c/p\u003e\n\u003cp\u003eThe losses per ordinary share were RMB2.31 ($0.32), compared to a profit of RMB0.14 ($0.02) in Q4 2023. Gross margin declined to 3.6% from 12.5% in Q4 2023, reflecting the ongoing market-wide price reductions and rising cost pressures.\u003c/p\u003e\n\u003cp\u003eQuarterly shipments were 26,462 MW (25,221 MW for solar modules and 1,241 MW for cells and wafers), down 5.0% YoY, primarily due to weak market demand and intense price competition.\u003c/p\u003e\n\u003cp\u003eXiande Li, Chairman and CEO of JinkoSolar, noted that the ongoing imbalance between supply and demand led to a decline in module prices during the year. Combined with the impact of short-term factors such as eliminating obsolete production capacity, the company’s profitability dropped significantly YoY.\u003c/p\u003e\n\u003cp\u003eHe also said that as over 50% of modules were shipped to the domestic market where prices were lower, and the proportion of higher-price overseas orders declined sequentially, module delivery prices and profits decreased sequentially.\u003c/p\u003e\n\u003cp\u003eLi added that intensified supply and demand imbalances led to a downward trend in end product prices, pressuring profits in all segments of the industrial chain. In an effort to steer the industry back to healthy development, national authorities took steps to resolve the structural imbalances between supply and demand with the participation of industry associations and manufacturers.\u003c/p\u003e\n\u003cp\u003eIn November, state departments announced policies to raise entry barriers for new manufacturing capacities, reduce export tax rebates, and implement other measures. In December, leading solar enterprises signed a self-discipline pledge to limit low-price competition and reduce production.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eFull Year 2024 \u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eFor the full year 2024, JinkoSolar’s revenue \u003ca href=\"https://www.mercomindia.com/module-shipments-drive-jinkosolars-revenue-q4\" target=\"_blank\" rel=\"noopener\"\u003edropped\u003c/a\u003e 22.3% YoY to RMB92.26 billion (~$12.64 billion), largely driven by the decrease in module prices due to oversupply and competitive pricing pressures.\u003c/p\u003e\n\u003cp\u003eAdjusted net income for the year was RMB571.4 million ($78.3 million), an 86% YoY decline from RMB4.07 billion ($557.7 million). The substantial drop in profitability was mainly due to lower revenue and increased cost burdens, including production inefficiencies and the \u003ca href=\"https://www.mercomindia.com/fire-jinkosolar-cell-facility-china\" target=\"_blank\" rel=\"noopener\"\u003eimpact\u003c/a\u003e of a fire accident in Shanxi Province, which resulted in asset impairments.\u003c/p\u003e\n\u003cp\u003eThe losses per ordinary share were RMB1.25 ($0.17), compared to a profit of RMB15.23 ($2.09) per share in 2023. Gross margin was 10.9%, compared with 16.0% in 2023, reflecting the broader industry trend of price reductions and the structural imbalance between supply and demand.\u003c/p\u003e\n\u003cp\u003eDespite these challenges, annual shipments increased to 99,596 MW (92,873 MW for solar modules and 6,723 MW for cells and wafers), up 19.2% YoY, driven by growing global demand for solar energy solutions.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eOutlook for 2025\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe company expects its module shipments to range from 16 GW to 18 GW in Q1 of the current year. Jinko estimates its module shipments to range from 85 GW to 100 GW for the full year 2025.\u003c/p\u003e\n\u003cp\u003eIt also expects its annual production capacity for mono wafers, solar cells, and solar modules to reach 120 GW, 95 GW, and 130 GW, respectively, by the end of this year.\u003c/p\u003e\n","title":"JinkoSolar’s Q4 Revenue Drops 37% YoY Due to Lower Module Prices","modifiedGmt":"2025-03-27T04:58:51","categories":{"nodes":[{"name":"Finance and M\u0026A","slug":"finance-and-ma"},{"name":"Other","slug":"other"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Torrent-Powers-Q3-Profit-Falls-46-YoY-to-%E2%82%B93.74-Billion-As-Fuel-Expenses-Surge.jpg"}},"author":{"node":{"name":"Arjun Joshi"}}},{"id":"cG9zdDo3Nzg5Ng==","slug":"canadian-solar-misses-expectations-in-q4","date":"2025-03-27T10:20:58","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/2025/03/amazon_polly_77896.mp3?version=1743051116\"\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\u003eSolar module manufacturer \u003ca href=\"https://www.canadiansolar.com/\" target=\"_blank\" rel=\"noopener\"\u003eCanadian Solar\u003c/a\u003e generated $1.52 billion in revenue in the fourth quarter (Q4) of 2024, reflecting an 11% year-over-year decline due to lower solar module average selling prices. Revenue fell short of analysts\u0026#8217; expectations by $45.8 million.\u003c/p\u003e\n\u003cp\u003eThe adjusted net loss for the quarter stood at $98.5 million, a sharp increase compared to the $1.3 million net loss recorded in the same period of 2023. Adjusted loss per share was $1.47, missing analysts\u0026#8217; estimates by $1.23.\u003c/p\u003e\n\u003cp\u003eOperating expenses increased to $344 million, an over 61% YoY increase, largely driven by impairment charges and higher shipping and handling costs.\u003c/p\u003e\n\u003cp\u003eTotal module shipments for Q4 2024 reached 8.2 GW, a 1% increase compared to the previous year and a 2% \u003ca href=\"https://www.mercomindia.com/canadian-solar-misses-revenue-expectations/\" target=\"_blank\" rel=\"noopener\"\u003edecline\u003c/a\u003e from the prior quarter. Of this total, 401 MW were directed to Canadian Solar\u0026#8217;s utility-scale projects. The U.S., China, Pakistan, Germany, and Brazil remained the company\u0026#8217;s top markets for module shipments.\u003c/p\u003e\n\u003cp\u003eShawn Qu, CEO of Canadian Solar, said, \u0026#8220;2024 was a challenging year for the solar industry, with intense competition and ongoing policy and trade-related uncertainties creating operational and financial headwinds.\u0026#8221;\u003c/p\u003e\n\u003cp\u003eDespite these market challenges, 2024 was a record-breaking year for energy storage in terms of shipments, revenue, and profitability. The company delivered 2.2 GWh capacity in the fourth quarter, increasing the annual total to 6.6 GWh, representing an over 500% YoY increase. This momentum is expected to continue in 2025, although Q1 is anticipated to be seasonally softer. In the U.S., trade policy changes have created market turbulence. However, the company is managing tariff exposure while ramping up onshore capacity. The backlog, valued at $3.2 billion, targets providing strong visibility, while the pipeline has reached a record 79 GWh, reflecting increasingly diversified global demand.\u003c/p\u003e\n\u003cp\u003eFor Recurrent Energy, a Canadian Solar subsidiary, 2024 was its most significant execution year, bringing 1.3 GW of solar projects to commercial operation across the U.S., Italy, Brazil, Japan, and Taiwan. In the U.S. and European independent power producer markets, the company\u0026#8217;s operating portfolio reached 490 MW of photovoltaics and 310 MWh of energy storage by the end of the year. However, its financial performance was impacted by project delays that were pushed into the fourth quarter and 2025.\u003c/p\u003e\n\u003cp\u003eRegarding U.S. manufacturing, Qu noted that the company remains on track with its expansion plans. The module factory in Mesquite, Texas, is set to ramp up in 2025 fully and is expected to deliver around 3 GW of volume this year, increasing the share of domestically produced products in total U.S. shipments. The solar cell facility is progressing well and is fully contracted to supply the module factory. The energy storage facility, which will produce battery cells, modules, and complete systems, is expected to deliver U.S.-made SolBanks at the start of 2026.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eFull Year 2024\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eFor 2024, Canadian Solar reported a total revenue of $5.9 billion, a 21% \u003ca href=\"https://www.mercomindia.com/canadian-solar-posts-record-year\" target=\"_blank\" rel=\"noopener\"\u003edecline\u003c/a\u003e from 2023.\u003c/p\u003e\n\u003cp\u003eThe company recorded a net loss of $96.4 million, starkly contrasting its $274.1 million net profit in 2023. The adjusted loss per share was $1.45, compared to a profit of $3.87 in the prior year.\u003c/p\u003e\n\u003cp\u003eOperating expenses rose to $1.03 billion, up from $826.6 million in 2023. Total module shipments for the year reached 31.1 GW.\u003c/p\u003e\n\u003cp\u003eQu noted that solar module pricing has begun to rebound in the U.S. market, driven primarily by the installation surge in China. Following two key policy changes on April 30 and May 31, all new solar projects in China will now participate in the electricity market rather than relying on fixed prices. This shift has caused a temporary increase in demand, but prices are expected to stabilize in the second half of 2025. U.S. tariffs continue to impact imports, particularly with AD/CVD and Section 201 duties affecting modules from Southeast Asia.\u003c/p\u003e\n\u003cp\u003eHowever, higher U.S. prices have partially offset these tariff costs, which remain approximately three times higher than the global average. This development has ensured stable revenue contribution from the U.S. market, which accounts for about half of total revenue.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eOutlook\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIn Q1 2025, Canadian Solar expects revenue to be $1 billion to $1.2 billion, with a gross margin projected between 9% and 11%. Module shipments are forecasted to be between 6.4 GW and 6.7 GW, with approximately 400 MW allocated to the company\u0026#8217;s projects. Battery storage shipments are expected to reach around 800 MWh, with 150 MWh directed toward company-owned projects.\u003c/p\u003e\n\u003cp\u003eFor 2025, the company anticipates total revenue from $7.3 billion to $8.3 billion. Module shipments are projected to fall between 30 GW and 35 GW, with approximately 1 GW set aside for company projects. Battery energy storage shipments are expected to range between 11 GWh and 13 GWh, including around 1 GWh for the company\u0026#8217;s own projects.\u003c/p\u003e\n","title":"Canadian Solar Misses Expectations as Revenue Falls 11% YoY in Q4","modifiedGmt":"2025-03-27T04:50:58","categories":{"nodes":[{"name":"Finance and M\u0026A","slug":"finance-and-ma"},{"name":"Other","slug":"other"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/REC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg"}},"author":{"node":{"name":"Arjun Joshi"}}},{"id":"cG9zdDo3Nzg3NQ==","slug":"indias-solar-exports-decline-16-yoy-in-2024-imports-down-10","date":"2025-03-27T10:18:42","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/2025/03/amazon_polly_77875.mp3?version=1743068010\"\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 solar module and cell exports decreased 16% year-over-year (YoY) to $1.5 billion (~₹129.4 billion) in 2024 from $1.8 billion (~₹152 billion), according to recent data published by the \u003ca href=\"https://www.commerce.gov.in/\" target=\"_blank\" rel=\"noopener\"\u003eDepartment of Commerce\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eIndian solar exports in 2024 were dominated by photovoltaic modules, comprising 97.7% of total shipments, while solar cells made up the remaining 2.3%.\u003c/p\u003e\n\u003cp\u003eThe U.S. emerged as the primary destination for the export of Indian solar cells and modules, accounting for 97.5% of the exports in 2024.\u003c/p\u003e\n\u003cp\u003eIndian module exports declined in 2024 due to heightened shipment scrutiny, including port inspections and barcode verification of individual modules, and concerns over potential Chinese component inclusion.\u003c/p\u003e\n\u003cp\u003e\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-77886 size-full\" src=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-1.png\" alt=\"Solar exports decline\" width=\"969\" height=\"530\" srcset=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-1.png 969w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-1-300x164.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-1-768x420.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-1-650x356.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-1-624x341.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-1-600x328.png 600w\" sizes=\"(max-width: 969px) 100vw, 969px\" /\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eSolar Imports in 2024\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIndia imported $4.5 billion (~₹375.28 billion) worth of solar cells and modules in 2024, down 10.2% from $5 billion (~₹415.45 billion) in 2023.\u003c/p\u003e\n\u003cp\u003eSolar modules accounted for of the annual solar imports, while solar cells accounted for the remaining 34.9 %.\u003c/p\u003e\n\u003cp\u003eThe reimposition of the Approved List of Models and Manufacturers order significantly reduced India\u0026#8217;s solar module imports in 2024. Government programs like PM Surya Ghar: Muft Bijli Yojana and Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan, which mandate modules compliant with domestic content requirements, further impacted the decline in solar module imports in 2024.\u003c/p\u003e\n\u003cp\u003eChina remained the dominant supplier of solar products to India, accounting for 86.5% of total imports. Vietnam was the second-largest supplier, with 7.9% of imports, followed by Thailand at 3.2%. Other suppliers include Indonesia, Singapore, and the U.S., holding shares of 1%, 0.7%, and 0.3 %, respectively.\u003c/p\u003e\n\u003cp\u003e\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-77887 size-full\" src=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-2.png\" alt=\"Solar exports decline\" width=\"981\" height=\"614\" srcset=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-2.png 981w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-2-300x188.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-2-768x481.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-2-650x407.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-2-624x391.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/solar-exports-decline-2-600x376.png 600w\" sizes=\"(max-width: 981px) 100vw, 981px\" /\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eSolar Exports in Q4 2024\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIndia\u0026#8217;s solar exports in the fourth quarter (Q4) 2024 reached $212.2 million (~₹17.9 billion), a modest increase of 1.8% from $208.55 million (~₹17.4 billion) in Q3 2024. However, when compared to YoY, exports witnessed a significant decline of 39.3% from $349.44 million (~₹29 billion) in Q4 2023.\u003c/p\u003e\n\u003cp\u003eThe U.S. remained India\u0026#8217;s primary solar export market, representing 97.5% of total export value, up from 92.3% in Q3 2024.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eSolar Imports in Q4 2024\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIn the fourth quarter of 2024, solar cell and module imports totaled over $723.4 million (~₹61.1 billion), representing a 26.7% QoQ decrease from $986.5 million (~₹82.6 billion). Imports declined by 64.8% YoY from $2 billion (~₹170.9 billion).\u003c/p\u003e\n\u003cp\u003eSolar cells accounted for 56.4% of the quarter\u0026#8217;s imports compared to 39.7% in Q3 2024, whereas solar modules\u0026#8217; import share decreased to 43.6% from 60.3% in the previous quarter.\u003c/p\u003e\n\u003cp\u003eChina constituted 86.5% of India\u0026#8217;s solar imports in Q4 2024, down from 89.5% in Q3. The total value of these imports from China reached $625.9 million (~₹52.9 billion), representing a 29.1% QoQ decline.\u003c/p\u003e\n\u003cp\u003eDetailed solar import and export data by component types, suppliers, manufacturers, and developers are available in Mercom\u0026#8217;s \u003ca href=\"https://www.mercomindia.com/product/india-solar-export-import-tracker\" target=\"_blank\" rel=\"noopener\"\u003eIndia Solar Export-Import Tracker\u003c/a\u003e.\u003c/p\u003e\n","title":"India’s Solar Exports Decline 16% YoY in 2024, Imports Down 10%","modifiedGmt":"2025-03-27T09:33:10","categories":{"nodes":[{"name":"Mercom Research Focus","slug":"mercom-research-focus"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Copy-of-Mercom-FI-2025-03-27T101356.956.jpg"}},"author":{"node":{"name":"Prabha P P"}}},{"id":"cG9zdDo3Nzg4OQ==","slug":"germany-awards-317-mw-rooftop-solar-auction","date":"2025-03-27T10:15:11","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/2025/03/amazon_polly_77889.mp3?version=1743050786\"\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\u003eGermany\u0026#8217;s Federal Network Agency (\u003ca href=\"https://www.bundesnetzagentur.de/DE/Home/home_node.html\" target=\"_blank\" rel=\"noopener\"\u003eBundesnetzagentur\u003c/a\u003e) has awarded a total rooftop solar capacity of 316,964 kW in 143 bids for the latest auction.\u003c/p\u003e\n\u003cp\u003eThe lowest awarded bid was €0.079 (~$0.085)/kWh, while the highest successful bid was €0.0969 (~$0.10)/kWh. The weighted average value was €0.0910 (~$0.098)/kWh.\u003c/p\u003e\n\u003cp\u003eBundesnetzagentur had set the maximum bid value for this auction at €0.104 (~$0.11)/kWh, down from the €0.1125 (~$0.12)/kWh set for tenders held in 2024.\u003c/p\u003e\n\u003cp\u003eThe total annual auction volume for 2025 is 1,100 MW, distributed across three bidding rounds.\u003c/p\u003e\n\u003cp\u003eThe planned increase in auction volume through the \u0026#8220;Solar Package I\u0026#8221; for 2024 to 2029 still requires state aid approval from the European Commission. If this approval is granted before the bid deadline, the auction volume for February 1, 2025, will increase from 315,405 kW to 548,738 kW. Otherwise, the volume remains unchanged.\u003c/p\u003e\n\u003cp\u003eAdditionally, Solar Package I provides for a reduction in the minimum bid quantity for rooftop solar systems in the second segment from 1,001 kW to 751 kW starting May 1, 2025. This regulation also requires state aid approval.\u003c/p\u003e\n\u003cp\u003eRecently, Bundesnetzagentur \u003ca href=\"https://www.mercomindia.com/germany-awards-2-15-gw-of-projects-in-solar-auction/\" target=\"_blank\" rel=\"noopener\"\u003eallocated\u003c/a\u003e 2.15 GW of solar projects on structures other than buildings or noise barriers, categorized as \u0026#8220;first-segment solar installations.\u0026#8221; Of the 524 bids received for a total capacity of 4.71 GW, 242 bids totaling 2.15 GW were successful. The awarded bid prices ranged from €0.0(~$0.0419)/kWh to €0.0495 (~$0.0538)/kWh, with a volume-weighted average of €0.0476 (~$0.0514)/kWh.\u003c/p\u003e\n\u003cp\u003eAccording to the Federal Agency, Germany \u003ca href=\"https://www.mercomindia.com/germany-adds-16-2-gw-of-solar-capacity-in-2024\" target=\"_blank\" rel=\"noopener\"\u003eadded\u003c/a\u003e 16,179 MW of new solar capacity in 2024, a 7% year-over-year increase. The installations in 2024 were the highest in a year recorded in the country. With this addition, the country\u0026#8217;s total operational capacity reached 99.2 GW.\u003c/p\u003e\n\u003cp\u003eEarlier this year, Bundesnetzagentur \u003ca href=\"https://www.mercomindia.com/germany-tenders-2-6-gw-of-solar-projects\" target=\"_blank\" rel=\"noopener\"\u003eissued\u003c/a\u003e a tender to develop 2.625 GW of solar projects on agricultural land, grasslands, and disadvantaged areas. The agency targeted auctioning projects totaling 9,900 MW during 2025 across three bidding rounds.\u003c/p\u003e\n","title":"Germany Awards 317 MW of Rooftop Solar Capacity in Latest Auction","modifiedGmt":"2025-03-27T04:46:23","categories":{"nodes":[{"name":"Solar","slug":"solar"},{"name":"Tenders \u0026 Auctions","slug":"tenders-auctions"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Madhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg"}},"author":{"node":{"name":"Arjun Joshi"}}},{"id":"cG9zdDo3Nzg3Mg==","slug":"solar-powered-clinics-on-boats-a-boon-for-people-in-remote-assam-villages","date":"2025-03-27T09:57:29","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/2025/03/amazon_polly_77872.mp3?version=1743049711\"\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\u003eIn the river-locked villages of Assam, accessible only by boats, people faced a lack of primary health services for generations. To access basic healthcare, villagers would travel for hours by ferry to reach the nearest hospital, often resulting in delayed care.\u003c/p\u003e\n\u003cp\u003eWhile reaching the remote villages by boats was possible, storing medicines and vaccines and electricity for the crew quarters, kitchen, and toilets was a problem. That’s when the Centre for North East Studies and Policy Research (\u003ca href=\"https://c-nes.org/\" target=\"_blank\" rel=\"noopener\"\u003eC-NES\u003c/a\u003e) hit upon the idea of using solar panels.\u003c/p\u003e\n\u003cp\u003eThe solar panels power the OPD, laboratory, and refrigerator, as well as the living quarters, toilets, and kitchen.\u003c/p\u003e\n\u003cp\u003e“The remote villages are located on islands on the magnificent Brahmaputra River. To take medicine to those areas, we had to innovate. They don’t have any primary health centers; we are their only healthcare providers,” says Ashok Rao, program manager, C-NES.\u003c/p\u003e\n\u003cp\u003eC-NES is a not-for-profit organization started by Sanjoy Hazarika, a journalist and filmmaker who noticed a need for a regular healthcare system in these islands. In collaboration with the \u003ca href=\"https://nhm.gov.in/index1.php?lang=1\u0026amp;level=1\u0026amp;lid=49\u0026amp;sublinkid=969\" target=\"_blank\" rel=\"noopener\"\u003eNational Rural Health Mission\u003c/a\u003e, he started boat clinics, providing healthcare to the villagers.\u003c/p\u003e\n\u003cp\u003e“These boats are run on a diesel engine, but all the medical equipment and living quarters are powered by solar energy,” according to Riturekha Baruah Phukan, District Programme Officer of Boat Clinic, Majuli.\u003c/p\u003e\n\u003cp\u003eThe capacity of solar power systems on the boat clinics ranges between 3 kW and 5 kW, depending on the boat clinic’s size. The cost of these solar systems is in the ₹200,000 (~$2,308)- ₹250,000 (~$2,885) range.\u003c/p\u003e\n\u003cp\u003e“Most islands do not have proper electricity for us to power our equipment, such as refrigerators to store vaccines and medicines,” Phukan said.\u003c/p\u003e\n\u003cp\u003eThe clinics were earlier powered using diesel-based generators before switching to solar. The organization collaborated with the \u003ca href=\"https://selcofoundation.org/\" target=\"_blank\" rel=\"noopener\"\u003eSELCO Foundation\u003c/a\u003e to solarize the clinics.\u003c/p\u003e\n\u003cp\u003eCurrently, the program has 16 boats, of which six clinics on the boats have been solarized.\u003c/p\u003e\n\u003cp\u003eThe clinics and residential quarters are powered by solar energy due to the lack of grid access in these remote areas. However, the boats need to travel long distances, which solar-electric propulsion cannot currently support. As a result, the boats continue to rely on diesel power.\u003c/p\u003e\n\u003cp\u003eThe clinics provide primary healthcare to approximately 250,000 people in 14 island districts.\u003c/p\u003e\n\u003cp\u003e“We visit the island 18 days a month in batches of three to four days. We track pregnancies and provide support to mothers and their childcare. We also have basic vaccinations and cater to infections, joint pains, and skin-related diseases,” says Rao.\u003c/p\u003e\n\u003cp\u003eStarting in 2008, the program successfully provided healthcare to the people on the island.\u003c/p\u003e\n\u003cp\u003eFor many years, the river hindered the patients from traveling to clinics, but C-NES innovated using the sun and water to take medical care to the islanders’ doorstep.\u003c/p\u003e\n\u003cp\u003e“Roads do not reach the islands, and helicopters would be expensive and unviable. Through these solar-powered clinics on boats, we were able to use the water and the sun to our advantage and reach the remotest areas of the state,” says Rao.\u003c/p\u003e\n\u003cp\u003eThere have been many instances of the use of solar power boats to ferry passengers and tourists across water bodies. In 2022, floating solution provider Acquafront Infrastructure \u003ca href=\"https://www.mercomindia.com/iit-kanpur-backed-company-floating-solar-power-boats\" target=\"_blank\" rel=\"noopener\"\u003edeveloped\u003c/a\u003e ‘i-Ghat,’ a futuristic project to power boats with solar energy instead of diesel at Kada Ghat, Kaushambi, in Uttar Pradesh.\u003c/p\u003e\n\u003cp\u003eThe Kerala government has also been \u003ca href=\"https://www.mercomindia.com/kerala-floats-tender-procurement-solar-boats\" target=\"_blank\" rel=\"noopener\"\u003eusing\u003c/a\u003e solar boats to ferry people. The Telangana Tourism Development Corporation \u003ca href=\"https://www.mercomindia.com/telangana-to-deploy-solar-boats\" target=\"_blank\" rel=\"noopener\"\u003efloated\u003c/a\u003e tenders to procure two units each of 25, 80, and 150-seater solar boats for carrying passengers across lakes, rivers, and reservoirs in the state.\u003c/p\u003e\n","title":"Solar-Powered Clinics on Boats a Boon for People in Remote Assam Villages","modifiedGmt":"2025-03-27T04:27:29","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Solar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.jpg"}},"author":{"node":{"name":"Tina Freese"}}},{"id":"cG9zdDo3Nzg3NA==","slug":"reias-justify-charging-trading-margin-want-issue-settled-with-discoms","date":"2025-03-27T09:57:25","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/2025/03/amazon_polly_77874.mp3?version=1743055368\"\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\u003eA ₹0.07 (~$0.0008)/kWh trading margin and the discovered tariff have become a bone of contention between renewable energy implementing agencies (REIAs) and buying entities.\u003c/p\u003e\n\u003cp\u003eAs intermediary procurers, REIAs charge a trading margin from state distribution companies (DISCOMs) and other buying entities. This trading margin is intended to cover the costs for releasing solar, wind, hybrid, energy storage, and firm dispatchable renewable energy tenders, conducting competitive bidding processes and entering into power purchase agreements and power sale agreements with purchasing entities.\u003c/p\u003e\n\u003cp\u003eThe four REIAs \u0026#8211; Solar Energy Corporation of India (\u003ca href=\"https://www.seci.co.in/\" target=\"_blank\" rel=\"noopener\"\u003eSECI\u003c/a\u003e), \u003ca href=\"https://ntpc.co.in/\" target=\"_blank\" rel=\"noopener\"\u003eNTPC\u003c/a\u003e, \u003ca href=\"https://www.nhpcindia.com/\" target=\"_blank\" rel=\"noopener\"\u003eNHPC\u003c/a\u003e, and \u003ca href=\"https://sjvn.nic.in/\" target=\"_blank\" rel=\"noopener\"\u003eSJVN\u003c/a\u003e – have played a key role in India’s renewable energy journey so far. They are expected to contribute significantly to India meeting its non-fossil fuel-based energy installed capacity target of 500 GW by 2030.\u003c/p\u003e\n\u003cp\u003eThe REIAs are \u003ca href=\"https://www.mercomindia.com/mnre-renewable-energy-bidding-trajectory\" target=\"_blank\" rel=\"noopener\"\u003emandated\u003c/a\u003e by the Ministry of New and Renewable Energy to issue 50 GW of tenders annually until the end of the financial year (FY) 2028. In the first year after setting renewable energy bidding targets, the REIAs \u003ca href=\"https://www.mercomindia.com/ntpc-seci-overachieve-renewable-tender-targets-fy24\" target=\"_blank\" rel=\"noopener\"\u003eexceeded\u003c/a\u003e their goal of bidding out 50 GW of solar, hybrid, wind, and round-the-clock projects in FY 2024.\u003c/p\u003e\n\u003cp\u003eEven though the trading margin is a settled issue, DISCOMs and other buying entities often raise disputes before state electricity regulators. The state utilities say paying the trading margin exacerbates their already strained finances. They also cite the burden of penalties under the Deviation Settlement Mechanism for under- or overdrawal of power.\u003c/p\u003e\n\u003cp\u003eIn a few instances, the state regulators have ruled in favor of the buying entities and reduced the trading margin to ₹0.02 (~$0.00023)/kWh.\u003c/p\u003e\n\u003cp\u003eREIAs have been arguing that state regulators lack jurisdiction to determine trading margins for interstate transactions. The jurisdiction to deal with the applicable trading margin of the REIAs is exclusively vested in the Central Electricity Regulatory Commission under Section 79(1)(j) of the Electricity Act.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eBuffer Against Payment Defaults\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eAccording to a senior official of one of the REIAs, it is illogical for buying entities to oppose the trading margin when they are being handheld through the entire process of procuring power for 25 years.\u003c/p\u003e\n\u003cp\u003e“It is a fee for the services we render. We also take the risk of ‘change in law’ events, payment defaults, late payments, breach of contracts, and inflation. How do we mitigate our risks without this trading margin, which is a revenue stream for us?”\u003c/p\u003e\n\u003cp\u003e“The ₹0.07 (~$0.0008)/kWh trading margin barely covers our costs, including establishment and litigation expenses. The pressure is building up on us. We must be charging more, actually,” the official said.\u003c/p\u003e\n\u003cp\u003eThey added, “Any payment defaults and delayed payments can impact our credit rating and our ability to raise debt. We need to have the financial muscle to assure our lenders when we seek loans.”\u003c/p\u003e\n\u003cp\u003eREIA officials argue that the ₹0.07 (~$0.0008)/kWh trading margin constitutes less than 3% of the discovered tariff at a time when solar tariffs are about ₹2.50 (~$0.029)/kWh. “In the states’ own tenders, the discovered tariffs are higher at ₹2.70 (~$0.031)/kWh, and this doesn’t include any trading margin. If this is the reality, it doesn’t make sense for the DISCOMs to make a fuss about having to pay us the trading margin,” one of them said.\u003c/p\u003e\n\u003cp\u003eThe REIAs say trading margins are the norm across trading activity in all sectors. They want the government and all the other stakeholders to discuss the issue to ensure the growth of the renewable energy sector.\u003c/p\u003e\n","title":"REIAs Justify Charging Trading Margin, Want Issue Settled with DISCOMs","modifiedGmt":"2025-03-27T06:02:43","categories":{"nodes":[{"name":"Markets \u0026 Policy","slug":"markets-policy"},{"name":"Mercom Research Focus","slug":"mercom-research-focus"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Standard-Mercom-69.jpg"}},"author":{"node":{"name":"B.S. Nagaraj"}}},{"id":"cG9zdDo3Nzg2OQ==","slug":"assam-invites-bids-for-pooling-substation-for-1-gw-solar-project","date":"2025-03-26T18:02:11","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/2025/03/amazon_polly_77869.mp3?version=1742992376\"\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 Assam Power Distribution Company (\u003ca href=\"https://www.apdcl.org/\" target=\"_blank\" rel=\"noopener\"\u003eAPDCL\u003c/a\u003e) has invited bids to develop a 400 kV/33 kV pooling substation for a 1 GW solar power project in Assam.\u003c/p\u003e\n\u003cp\u003eThe last date to submit bids is May 5, 2025. Bids will be opened on the same day.\u003c/p\u003e\n\u003cp\u003eBidders must submit a security deposit of ₹35 million (~$ 400,000).\u003c/p\u003e\n\u003cp\u003eThe project entails the design, engineering, manufacture, erection, and commissioning of the pooling substation for the 1 GW solar project in Karbi, Anglong district.\u003c/p\u003e\n\u003cp\u003eThe project must be completed within 18 months.\u003c/p\u003e\n\u003cp\u003eThe Asian Development Bank is financing the project.\u003c/p\u003e\n\u003cp\u003eBidders must have a minimum annual financial turnover of ₹2.8 billion (~$ 32.21 million) in the last five years.\u003c/p\u003e\n\u003cp\u003eThey must demonstrate financial capability to meet the estimated project cost of ₹550 million (~$6.63 million).\u003c/p\u003e\n\u003cp\u003eBidders must have completed at least one engineering, procurement and construction contract involving the design, manufacture, type testing, supply, erection, testing, commissioning, and operationalization of one Air Insulated Substation (AIS) substation of 400 kV in the last seven financial years.\u003c/p\u003e\n\u003cp\u003eBidders must also have operationalized two 132 kV class capacities of a minimum 50 MVA power/autotransformers and five AIS circuit breaker bays of at least 132 kV. They must have operationalized control and relay panels, remote terminal units/bay control units, and substation automation systems and constructed control room buildings for at least one year in the last seven financial years.\u003c/p\u003e\n\u003cp\u003eRecently, APDCL \u003ca href=\"https://www.mercomindia.com/assam-invites-bids-for-134-mw-rooftop-solar-projects\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids to set up rooftop solar projects with a cumulative capacity of 134 MW across government buildings under the PM Surya Ghar: Muft Bijli Yojna.\u003c/p\u003e\n\u003cp\u003eLast August, the Assam Power Generation Corporation \u003ca href=\"https://www.mercomindia.com/assam-power-corporation-floats-consultancy-tender\" target=\"_blank\" rel=\"noopener\"\u003efloated\u003c/a\u003e a tender to provide project management consultancy services for setting up the 50 MW Lower Kopili Solar PV project. The project entails project management services, design and engineering, project monitoring, site supervision, reporting, and coordinating with the company to complete tasks on time.\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 for timely updates on all solar tenders issued by various agencies in India.\u003c/p\u003e\n","title":"Assam Invites Bids for Pooling Substation for 1 GW Solar Project","modifiedGmt":"2025-03-26T12:32:11","categories":{"nodes":[{"name":"Grid","slug":"grid"},{"name":"T\u0026D","slug":"td"},{"name":"Tenders \u0026 Auctions","slug":"tender-auction"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Standard-Mercom-67.jpg"}},"author":{"node":{"name":"Melvin Mathew"}}}],"allPosts":[{"id":"cG9zdDo3NzkyMA==","slug":"shriram-finance-secures-150-million-from-adb-for-ev-financing","date":"2025-03-27T16:07:01","title":"Shriram Finance Secures $150 Million from ADB for EV Financing","modifiedGmt":"2025-03-27T10:37:01","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Copy-of-Mercom-FI-2025-03-27T160303.116.jpg"}}},{"id":"cG9zdDo3NzkxMA==","slug":"nhpc-tenders-1-2-gw-solar-projects-with-energy-storage-systems","date":"2025-03-27T11:23:29","title":"NHPC Tenders 1.2 GW Solar Projects with Energy Storage Systems","modifiedGmt":"2025-03-27T05:53:29","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/NHPC-Tenders-1.2-GW-Solar-Projects-with-Energy-Storage-Systems-1.jpg"}}},{"id":"cG9zdDo3NzkwNQ==","slug":"daily-news-wrap-up-jvvnl-tenders-112-mw-solar-projects-under-kusum","date":"2025-03-27T11:03:00","title":"Daily News Wrap-Up: JVVNL Tenders 112 MW Solar Projects Under KUSUM","modifiedGmt":"2025-03-27T05:33:00","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Copy-of-Mercom-FI-2025-03-27T105954.767.jpg"}}},{"id":"cG9zdDo3Nzg5OA==","slug":"jinkosolar-q4-revenue-drops","date":"2025-03-27T10:27:48","title":"JinkoSolar’s Q4 Revenue Drops 37% YoY Due to Lower Module Prices","modifiedGmt":"2025-03-27T04:58:51","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Torrent-Powers-Q3-Profit-Falls-46-YoY-to-%E2%82%B93.74-Billion-As-Fuel-Expenses-Surge.jpg"}}},{"id":"cG9zdDo3Nzg5Ng==","slug":"canadian-solar-misses-expectations-in-q4","date":"2025-03-27T10:20:58","title":"Canadian Solar Misses Expectations as Revenue Falls 11% YoY in Q4","modifiedGmt":"2025-03-27T04:50:58","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/REC-Silicons-Revenue-falls-26-YoY-as-it-Shuts-Polysilicon-Facility.jpg"}}},{"id":"cG9zdDo3Nzg3NQ==","slug":"indias-solar-exports-decline-16-yoy-in-2024-imports-down-10","date":"2025-03-27T10:18:42","title":"India’s Solar Exports Decline 16% YoY in 2024, Imports Down 10%","modifiedGmt":"2025-03-27T09:33:10","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Copy-of-Mercom-FI-2025-03-27T101356.956.jpg"}}},{"id":"cG9zdDo3Nzg4OQ==","slug":"germany-awards-317-mw-rooftop-solar-auction","date":"2025-03-27T10:15:11","title":"Germany Awards 317 MW of Rooftop Solar Capacity in Latest Auction","modifiedGmt":"2025-03-27T04:46:23","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Madhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg"}}},{"id":"cG9zdDo3Nzg3Mg==","slug":"solar-powered-clinics-on-boats-a-boon-for-people-in-remote-assam-villages","date":"2025-03-27T09:57:29","title":"Solar-Powered Clinics on Boats a Boon for People in Remote Assam Villages","modifiedGmt":"2025-03-27T04:27:29","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Solar-Powered-Clinics-on-Boats-a-Boon-for-People-in-Remote-Assam-Villages.jpg"}}},{"id":"cG9zdDo3Nzg3NA==","slug":"reias-justify-charging-trading-margin-want-issue-settled-with-discoms","date":"2025-03-27T09:57:25","title":"REIAs Justify Charging Trading Margin, Want Issue Settled with DISCOMs","modifiedGmt":"2025-03-27T06:02:43","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Standard-Mercom-69.jpg"}}},{"id":"cG9zdDo3Nzg2OQ==","slug":"assam-invites-bids-for-pooling-substation-for-1-gw-solar-project","date":"2025-03-26T18:02:11","title":"Assam Invites Bids for Pooling Substation for 1 GW Solar Project","modifiedGmt":"2025-03-26T12:32:11","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Standard-Mercom-67.jpg"}}}],"pagination":{"total":15791}},"__N_SSG":true},"page":"/archive","query":{},"buildId":"Ddhzdim23uQGj3A0J1cKB","isFallback":false,"gsp":true,"scriptLoader":[]}</script></body></html>