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India’s solar installations reach 14.9 GW in first half of 2024, despite Q2 slowdown
In the second quarter (Q2) of 2024, India commissioned 5 GW of solar capacity, a significant drop of over 49% compared to the 9.9 GW installed in Q1 2024. Despite this, the first half (1H) of 2024 saw a record 14.9 GW of solar projects added, a 282% increase compared to 1H 2023, according to Mercom India’s Q2 2024 Solar Market Update. The rise in capacity is attributed to the completion of several previously delayed…
Thirteen companies shortlisted for subsidies under SIGHT scheme for green hydrogen electrolysers
Thirteen companies, including Adani Enterprises, Waaree Energies, Ohmium Operations, and Avaada Electrolysers, have been shortlisted to receive subsidies under the second tranche of the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme. This scheme, part of the National Green Hydrogen Mission, aims to promote the manufacturing of electrolysers in India. The SIGHT scheme has a total outlay of Rs 174.9 billion, with Rs 22 billion allocated for this second tranche. The Solar Energy Corporation of…
MAHAPREIT invites bids for 3.2 MW distributed solar project in Maharashtra
Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) has issued a tender for 3.2 MW of distributed solar power, which will supply energy to Chandrapur Zilla Parishad in Maharashtra. The project, estimated at Rs 23.01 million, must be commissioned within 360 days from the work order date. Bids must be submitted by October 11, 2024. The scope of work includes design, engineering, supply, and commissioning with net metering, along with operation and maintenance for five…
Indian Energy Exchange records highest-ever trade volume in July 2024
The Indian Energy Exchange (IEX) achieved its highest-ever total trade volume of 13,250 million units (MU) in July 2024, marking a 56% increase year-over-year. This total includes renewable energy certificates (RECs) and energy-saving certificates, according to an IEX statement. Electricity volumes reached 10,093 MU, a 29% increase year-over-year. RECs experienced a significant surge, with volumes hitting 3,150 MU, up by 405% compared to the previous year. Additionally, green electricity volume grew by 259%, reaching 1…
Maharashtra secures Rs 1,200 billion investments
The Maharashtra government has secured investments worth Rs 1,200 billion, reinforcing the state’s status as a leading industrial hub. A cabinet sub-committee, led by Chief Minister Eknath Shinde, has approved several key projects expected to generate thousands of jobs and foster technological advancements. Key Projects: Tower Semiconductor with Adani Group: A semiconductor fabrication unit in Panvel, Mumbai, with an investment of Rs 839.47 billion. This project, a joint venture between Adani Group and Israel’s Tower…
Masdar, EDF and KOWEPO finalise funding for 1.5 GW solar farm in UAE
EDF Renewables, Masdar, and Korea Western Power (KOWEPO) have announced the financial closure for the 1.5 GW Al Ajban solar project in Abu Dhabi, UAE. The project is backed by financing from BNP Paribas, Credit Agricole CIB, the Export-Import Bank of Korea, HSBC Middle East, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation. The Al Ajban project, jointly owned by Masdar (60%), EDF Renewables (20%), and KOWEPO (20%), will design, finance, construct, and operate the…