Germany Adds 16.2 GW of Solar Capacity in 2024, Sets New Record
Germany added an impressive 16,179 MW of new solar capacity in 2024, a 7% growth year-over-year, according to data published by the Federal Network Agency Bundesnetzagentur.
NHPC Invites Bids for 39.73 MW Rooftop Solar Projects in Sikkim and J&K
NHPC has issued tenders for a cumulative capacity of 39.73 MW grid-connected rooftop solar projects under the renewable energy service company mode in Sikkim and Jammu and Kashmir.
US ITC Rules Voltage Not Guilty in Patent Infringement Case
The investigation cleared Voltage of violating ITC’s Section 337 for importing and selling its trunk bus solution.
MERC Approves Tariff for Procuring 13 MW Wind-Solar Hybrid Power
Maharashtra Electricity Regulatory Commission (MERC) has approved Maharashtra State Electricity Distribution Company’s (MSEDCL) proposed tariff of ₹3.60 (~$0.042)/kWh to procure 13 MW of wind-solar hybrid power for 25 years.
REIL Floats Rate Contract Tender for 17.55 MW Rooftop Solar Projects
Rajasthan Electronics and Instruments (REIL) has invited bids for rate contracts for rooftop solar power projects of a total capacity of 17.55 MW on government buildings in 22 states/union territories. The last date to submit bids is February 10, 2025. Bids will be opened on February 11.
Uttar Pradesh Floats EoI for 2 GW Solar Power Projects
Listen to this article Uttar Pradesh New and Renewable Energy (UPNEDA) has invited expressions of interest (EoI) to set up 2 GW of solar power
Daily News Wrap-Up: MERC Allows Deviations in Adani’s 1 GW Power Procurement
The Maharashtra Electricity Regulatory Commission (MERC) approved Adani Electricity Mumbai Limited’s (AEML-D) deviations to procure 1,500 MW of power from renewable and non-renewable sources.
MENA Roundup: UAE’s Masdar Launches 1 GW Clean Energy Project
UAE state-owned renewable energy firm Masdar launched a $ 6 billion1 GW solar energy facility with battery storage.
US Announces $6 Billion Tax Credits for Advanced Energy Projects
The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) have allocated $6 billion in tax credits for the second round of the Inflation Reduction Act’s (IRA) 48C Qualifying Advanced Energy Project Tax Credit program.
Corporate Funding in the Solar Sector Dropped 24% YoY in 2024
Global corporate funding in the solar sector in 2024 reached $26.3 billion, a 24% year-over-year (YoY) decline from $34.4 billion, according to Mercom’s Annual and Q4 2024 Solar Funding and M&A Report. There were 157 deals in 2024 compared to 161 deals in 2023.