india

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MNRE Releases ₹679.5 Million Funding to Four Hydrogen Valley Clusters

The Ministry of New and Renewable Energy (MNRE) has approved the release of ₹679.5 million (~$7.8 million) as the first tranche of central financial assistance (CFA) to...

July 28, 2025

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Tina Freese

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Finance and M&A

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Renewable Energy
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India’s 2030 Clean Energy Goals: Opportunities and Challenges

India aims to deploy 500 GW of non-fossil fuel-based energy capacity by 2030. While the country has made significant progress toward meeting this goal, it still faces...

July 23, 2025

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Melvin Mathew

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Other

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Renewable Energy
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Candi Solar Raises $24 Million from Norfund, STOA, and EEGF

Switzerland-headquartered solar solutions provider Candi Solar has raised $24 million (~₹2.06 billion) from Norfund, STOA, and the Energy Entrepreneurs Growth Fund...

July 22, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Chhattisgarh Hikes FY 2026 Electricity Tariffs by 1.89% Across Categories

The Chhattisgarh State Electricity Regulatory Commission (CSERC) has issued its final tariff order for the financial year (FY) 2026, introducing an average hike of 1.89%...

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India Added 341 MWh of Energy Storage Capacity in 2024

India installed over 341 MWh of battery energy storage systems (BESS) in 2024, marking an over sixfold increase from the 51 MWh installed in 2023, according to Mercom...

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India’s C&I Sector Increasingly Adopting Clean Energy to Decarbonize Operations

Commercial and industrial (C&I) units in India are increasingly adopting solar energy as a viable, cost-effective, and sustainable alternative to conventional power...

July 7, 2025

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Staff

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C&I

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Renewable Energy
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GCF Approves $200 Million for ADB’s India Clean Energy Program

The Green Climate Fund (GCF) has approved $200 million (~₹17.07 billion) for a new program led by the Asian Development Bank (ADB) to enhance large-scale public and...

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Electric Vehicle Sales Clock 34% YoY Growth in Q2 2025

Electric vehicle (EV) sales in India reached 530,386 units in the second quarter (Q2) of 2025, an over 34% year-over-year (YoY) increase from 396,719 units. EVs...

July 1, 2025

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Solar Module Manufacturing Capacity Under ALMM Grows to 91.5 GW

The Ministry of Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 742 MW of solar module manufacturing capacity. The...

July 1, 2025

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Tina Freese

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Manufacturing

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Market & Policy

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Solar
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World Lags 2030 Renewable Energy Goals Despite Record 741 GW Additions: Report

Despite global renewable energy capacity adding a record 741 GW in 2024, the world is projected to fall short of the goal to triple renewable capacity by 2030 by 800 GW,...

June 25, 2025

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Arjun Joshi

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Market & Policy

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Renewable Energy
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MNRE Invites Proposals to Promote Circularity in Solar and Battery Technologies

The Ministry of New and Renewable Energy has invited proposals under the ‘Innovation Challenge for Circularity in Renewable Energy Technologies – Batteries and Solar...

June 17, 2025

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Arjun Joshi

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Energy Storage

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Solar
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India Plans ₹530 Billion Ultra-High Voltage AC Transmission System by 2034

The Ministry of Power is enhancing India’s power transmission infrastructure with an ultra-high voltage alternating current transmission (UHV AC) system. Nine 1,100 kV...

June 12, 2025

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Staff

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Other Energy

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Renewable Energy
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Global Investments in Solar Sector to Reach $450 Billion in 2025: IEA

Global investments in the energy sector are set to reach a record $3.3 trillion in 2025, a 2% increase from 2024, according to the International Energy Agency’s (IEA)...

June 9, 2025

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Tina Freese

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Renewable Energy

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Solar
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Businesses are Powering the Renewable Revolution, But Systemic Gaps Persist: Report

In 2024, RE100 member companies consumed over 545 TWh of electricity. More than half of that power, 53%, was attributed to renewable sources. Yet only 42% was verified...

June 4, 2025

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: India’s Wind Energy Capacity Up 134% QoQ in Q1 2025

India added 1.8 GW of wind energy capacity in the first quarter (Q1) of the calendar year 2025, an increase of 63% year-over-year from 1.15 GW in Q1 2024. The capacity...

May 22, 2025

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Mercom Staff

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Daily Wrap-up

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