Author Archives: Arjun Joshi

About Arjun Joshi

Arjun Joshi, Staff reporter at Mercom India More articles from Arjun Joshi.
Arjun Joshi is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. More articles from Arjun Joshi.

arjun@mercomindia.com

@arjun_sheelajoe

Tesla’s Q4 Profit Up 19% YoY, Solar & Storage Revenues Rise to $1.31 Billion

Tesla’s Q4 Profit Up 19% YoY, Solar & Storage Revenues Rise to $1.31 Billion

Tesla recorded a revenue of $24.32 billion from all its businesses in the fourth quarter (Q4) of 2022, a year-over-year (YoY) of 37% compared to $17.72 billion in the previous ...
NTPC Floats Balance of System Tender for 1 GW Solar Projects

NTPC Floats Balance of System Tender for 1 GW Solar Projects

NTPC Renewable Energy has invited bids for the balance of system (BoS) package with land for interstate transmission system (ISTS)-connected solar projects up to 1,000 MW anywhere in India except ...
/ / Solar, Tenders and Auctions
MNRE Updates ALMM with 14 New Solar Module Manufacturers

MNRE Updates ALMM with 14 New Solar Module Manufacturers

The Ministry of New and Renewable Energy (MNRE) has issued an updated list of models and module manufacturers under the Approved List of Models and Manufacturers (ALMM) order to include ...
/ / Markets & Policy, Solar
Gujarat Urban Development Company Invites bids for 2 MW Solar Projects

Gujarat Urban Development Company Invites bids for 2 MW Solar Projects

The Gujarat Urban Development Company (GUDC) has invited bids to commission 2,027.78 kW solar projects across six urban local bodies in Gujarat. The projects' estimated cost is ₹154.64 million (~$1.9 ...
/ / Solar, Tenders & Auctions
SECI's Green Energy Open Access Foray Worries Private Developers 

SECI’s Green Energy Open Access Foray Worries Private Developers 

The government-owned renewable energy intermediary procurer Solar Energy Corporation of India (SECI) will soon enter the market for delivering renewable energy solutions through open access to the commercial and industrial ...
/ / C&I, Mercom Research Focus, Solar
Adani Green's Renewable Capacity Up 35% YoY to 7,324 MW in 9M FY23

Adani Green’s Renewable Capacity Up 35% YoY to 7,324 MW in 9M FY23

Adani Green Energy's (AGEL) total operational capacity has increased 35% year-over-year (YoY) to 7,324 MW in the first nine months (9M) of the current financial year. The company's operational portfolio ...
/ / Other, Renewable Energy
Odisha Regulator Sets Tariff of ₹7.25kWh for 25 MW Solar Project

Odisha Regulator Sets Tariff of ₹7.25/kWh for 25 MW Solar Project

Odisha Electricity Regulatory Commission (OERC) has approved the power purchase agreement (PPA) executed between Grid Corporation of Odisha (GRIDCO) and ACME Odisha Solar Power to procure power from a 25 ...
/ / Markets & Policy, Solar
Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

India's solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 GW by the end of the calendar year ...
Rajasthan Invites Bids for 31 MW Solar Projects Under PM KUSUM

Rajasthan Invites Bids for 31 MW Solar Projects Under PM KUSUM

The Jodhpur Vidyut Vitran Nigam (JDVVNL) has floated a tender for developing 31.02 MW grid-connected solar projects through the RESCO model under Component ‘C’ of the Pradhan Mantri Kisan Urja ...
/ / Solar, Tenders & Auctions
Uttarakhand's Draft Solar Policy Targets 2,000 MW Capacity by 2028

Uttarakhand’s Draft Solar Policy Targets 2,000 MW Capacity by 2028

The Uttarakhand Government has released a draft solar policy that targets 2,000 MW of installed solar capacity and envisages boosting the proportion of solar power in power distribution companies (DISCOMs) ...
/ / Markets & Policy, Solar
IEX Reports 4.4% YoY Dip in Profit for Q3 FY23, Trades 23 BU of Power

IEX Reports 4.4% YoY Dip in Profit for Q3 FY23, Trades 23 BU of Power

The Indian Energy Exchange (IEX) has reported a 4.4% year-on-year (YoY) decrease in profit after tax (PAT) from ₹807 million (~$9.94 million) to ₹772 million (~$9.51 million) in the third ...
/ / Other, Renewable Energy
Battery and Fuel Cell Firm Log 9 Raises $40 Million in Series B Funding

Battery and Fuel Cell Firm Log 9 Raises $40 Million in Series B Funding

Bengaluru-headquartered advanced battery and fuel cell technology company Log9 Materials has raised $40 million as part of its Series B funding led by Amara Raja Batteries and Petronas Ventures. The ...
Jinko Commences Work on 300 MW Saad Solar Project in Saudi Arabia

Jinko Commences Work on 300 MW Saad Solar Project in Saudi Arabia

Al Ghazala Energy Company, the Saudi Arabia-based subsidiary of Jinko Power Technology, a global independent solar power producer, has achieved financial close and commenced construction of its 300 MW Saad ...
/ / Other, Renewable Energy
LONGi Plans New 100 GW Wafer and 50 GW Cell Production Capacity

LONGi Plans New 100 GW Wafer and 50 GW Cell Production Capacity

LONGi Green Energy Technology has signed an investment agreement with the local government of Shaanxi province to manufacture 100 GW of monocrystalline silicon wafers and 50 GW monocrystalline cell. The ...
/ / Manufacturing, Solar
US Announces Funding for Community-Centered Clean Energy Programs

US Announces Funding for Community-Centered Clean Energy Programs 

The U.S. Department of Energy (DOE) has released guidance for state, local, and tribal governments to apply for funding through the Energy Efficiency and Conservation Block Grant (EECBG) Program. This ...
/ / Energy Efficiency, Other
Africa's Solar Capacity Grew by 14% in 2022 to Nearly 1 GW

Africa’s Solar Capacity Grew by 14% in 2022 to Nearly 1 GW

Africa added 989 MW of solar capacity in 2022, a 14% growth year-over-over, a report published by the Africa Solar Industry Association (AFSIA) said. It added that the continent's total ...
/ / Markets & Policy, Solar
Rising Renewables to See the US Cut Back on Conventional Power in 2023-24

Rising Renewables to See the US Cut Back on Conventional Power in 2023-24

The Energy Information Administration (EIA) has forecasted an increase in U.S. power generation from new renewable sources, primarily wind and solar, which would cut down on generation from coal-fired and ...
/ / Other, Renewable Energy
The Crown Estate To Lease Seabed For Six Offshore Wind Projects

The Crown Estate To Lease Seabed For Six Offshore Wind Projects

The Crown Estate, which manages land and the seabed around England, Wales, and Northern Ireland, said it would lease the seabed for six offshore wind projects that could produce as ...
/ / Markets & Policy, Wind
Railways Issues Consultancy Tender for 500 MW Solar Projects in Karnataka

Railways Issues Consultancy Tender for 500 MW Solar Projects in Karnataka

IRCON Renewable Power (IRPL), a subsidiary of the Union government-owned IRCON International, has invited bids to hire a project management consultant (PMC) for 500 MW grid-connected solar projects at Pavagada ...
/ / Solar, Tenders & Auctions
Maharashtra Regulator Allows Wind Developers' Delayed Payment Charge Claim

Maharashtra Regulator Allows Wind Developers’ Delayed Payment Charge Claim

Maharashtra Electricity Regulatory Commission (MERC) has allowed wind power generators’ claim on delayed payments along with interest for energy supplied to the Maharashtra State Electricity Distribution Company (MSEDCL). The Commission ...
/ / Markets & Policy, Wind
Rajasthan Invites Bids for 1 GW of Solar Projects

Rajasthan Invites Bids for 1 GW of Solar Projects

Rajasthan Urja Vikas Nigam (RUVNL) has invited bids to develop 1 GW of state transmission utility-(STU) connected solar power projects in the state. The projects must secure financial backing within ...
/ / Solar, Tenders & Auctions
Scheduled Banks’ Loans to Renewable Projects Up 113% in April-Nov Period

Scheduled Banks’ Loans to Renewable Projects Up 113% in April-Nov Period

The loans to the renewable energy projects disbursed by the scheduled commercial banks stood at ₹41.77 billion (~$507.19 million) as of November 2022.  This is a 113% year-over-year jump in ...
Project Finance Brief: Nautilus Acquires 54 MW Solar Projects in New York

Solar Companies Raise a Record $7 Billion in Venture Capital Funding in 2022

Global corporate funding for solar companies, including from venture capital, private equity, debt financing, and public markets, amounted to $24.1 billion in 2022, a decrease of 13% year-over-year (YoY). However, ...
Government Junks Reverse Auction for Wind Projects to Expedite Capacity Addition

Government Junks Reverse Auction for Wind Projects to Expedite Capacity Addition

In an expected but significant move for the wind sector, the Ministry of New and Renewable Energy (MNRE) said that it has decided to scrap the e-reverse bidding mechanism to ...
/ / Markets & Policy, Wind
Rajasthan Electronics Invites Bids for 50 MW Solar Projects Across India

Rajasthan Electronics Invites Bids for 50 MW Solar Projects Across India

Rajasthan Electronics and Instruments (REIL), a joint venture between the Union government and the Rajasthan government, has invited bids to commission 50 MW grid-connected rooftop and small ground mounted solar ...
/ / Solar, Tenders & Auctions