Mercom India

Mercom Communications India is a branch of the U.S. company Mercom Capital Group, which is a well-known firm specializing in clean energy communications and consulting. They are respected globally for their knowledge in renewable energy. Mercom plays a significant role in influencing and guiding the development of India’s fast-growing clean energy sector. Based in Bangalore, Mercom Communications India offers research, news, and communication services specifically tailored for clean energy organizations operating in India.

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Articles

Rise in Product Shipment Volume Drives Eos Energy’s Revenue Up 58% YoY

2 days ago | mercomindia.com | Melvin Mathew

U.S.-based energy storage solutions provider Eos Energy Enterprises reported a 58% year-over-year (YoY)increase in revenue from $6.6 million to $10.5 million in the first quarter (Q1) of 2025, missing analysts’ expectations by $1.31 million. The company also recorded the highest quarterly revenue as it ramped production to deliver customer backlogs. Eos’ net profit for the quarter came in $95.14 million from a net loss of $46.71 million a year ago.
Residential Rooftop Solar Prices in the US Dropped to $2.50/W in 2H 2024

2 days ago | mercomindia.com | Melvin Mathew

Residential rooftop solar prices in the U.S. fell for the third consecutive half-year to $2.5/W in the second half (2H) of 2024 due to softening demand, high interest rates, and stable electricity prices, according to EnergySage’s Solar and Storage Marketplace Report. The average maximum rooftop solar prices reached as low as $2.89/W, and the average minimum dropped to the lowest in the decade to $2.41/W. Prices for rooftop solar with storage fell to $2.40/W in 2H 2024 from $2.59/W in 1H 2024.
US, China Agree to Slash Reciprocal Trade Tariffs by 115% for 90 Days

2 days ago | mercomindia.com | Melvin Mathew

The U.S. and China have agreed to slash reciprocal trade tariffs by 115% for 90 days. The new tariffs will come into effect from May 14, 2025, the two countries said in a joint statement. The U.S. Department of the Treasury temporarily suspended all tariffs imposed since April 2, 2025, except for retaining a 10% tariff on all Chinese imports. The effective tariff on imports from China has decreased from 145% to 10%.
BluePine Closes ₹3.76 Billion Funding for 100 MW Solar Project in Gujarat

3 days ago | mercomindia.com | Melvin Mathew

Gurugram-based renewable energy services company BluPine Energy, an Actis-backed renewable energy platform, has achieved financial closure of a debt funding of ₹3.76 billion (~$44 million) from Standard Chartered Bank for its 100 MW under-construction solar power project in Tharad, Banaskantha district, Gujarat. The project is expected to be completed by the first half of 2026.
APM Projects Wins Central Mine Planning Institute’s 10 MW Solar EPC Contract

3 days ago | mercomindia.com | Melvin Mathew

APM Projects has won Central Mine Planning and Design Institute’s (CMPDI) engineering, procurement, and construction (EPC) auction to set up a 10 MW grid-connected solar power project at Lakhanpur, Mahanadi Coalfields. The company won the project at a contract value of ₹487.33 million (~$5.7 million). The tender was floated in November 2024.
Increase in Power Production Pushes Scatec’s Revenue by 41.6% in Q1 2025

3 days ago | mercomindia.com | Melvin Mathew

Norway-based renewable energy solutions provider Scatec posted a 41.6% year-over-year (YoY) rise in consolidated revenue to NOK1.81 billion (~$174.28 million) in the first quarter (Q1) of 2025 from NOK1.28 billion (~$123.25 million). The company has attributed the revenue growth to an increase in power production, which rose by 78 GWh from last year, primarily driven by improved hydrology in the Philippines and Laos.
Andhra Pradesh Regulator Approves PPAs for 400 MW Wind-Solar Projects

1 week ago | mercomindia.com | Melvin Mathew

The Andhra Pradesh Electricity Regulatory Commission (APERC) has approved a tariff of ₹4.6 (~$0.0544)/kWh for the Southern Power Distribution Company of Andhra Pradesh (APSPDCL) to procure 400 MW from Axis Energy‘s wind-solar hybrid projects. The Commission has ordered the distribution company to consider that the energy injected into the grid will be treated as banked energy. APSPSCL may purchase this energy at 50% of the pooled power purchase cost.
Global Renewable Synergy Company Divests 3% Shares in Avaada Energy

1 week ago | mercomindia.com | Melvin Mathew

The $79 million transaction is expected to be completed by the third quarter of 2025Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights Global Renewable Synergy Company (GRSC), a subsidiary of Bangkok-headquartered Global Power Synergy Company (GPSC), has divested 3% of its shares in India-based green energy solutions company Avaada Energy (AEPL), valued at $79 million (~₹6.66 billion).
ReNew Secures ₹8.7 Billion from British International Investment

1 week ago | mercomindia.com | Melvin Mathew

Independent power producer ReNew Energy Global has secured an investment of ₹8.7 billion (~$100 million) from British International Investment (BII), the UK’s development finance institution and impact investor. he funding will be utilized primarily to construct a 4 GW Tunnel Oxide Passivated Contact (TOPCon) cell facility in Dholera, Gujarat. The investment will be made in the company’s subsidiary, ReNew Photovoltaics. The investment will see BII acquire a minority stake in the subsidiary.
Cygni Energy Commissions 4.8 GWh BESS Gigafactory in Hyderabad

1 week ago | mercomindia.com | Melvin Mathew

Hyderabad-based energy storage company Cygni Energy has operationalized the first phase of its 4.8 GWh Battery Energy Storage System (BESS) gigafactory in Maheshwaram, Hyderabad. The factory will produce high-capacity battery packs for electric vehicles and energy storage systems. The advanced BESS systems will cater to large grid-scale stationary storage projects and independent power producers. The factory plans to increase the factory’s capacity to 10.8 GWh by 2027 under the second phase.