Japan’s Marubeni Acquires Taiwan’s Chenya Energy to Leverage Floating Solar Business

Japan’s Marubeni Acquires Taiwan’s Chenya Energy to Leverage Floating Solar Business

In an important development, Japan’s Marubeni Corporation has executed a share purchase agreement with I Squared Capital to acquire Chenya Energy Company Limited, which is one of the leading solar ...
/ / Finance and M&A, Solar
Bengaluru to Empanel Agencies for 30 MW of Rooftop Solar Systems with Net Metering

BESCOM to Empanel Agencies for 30 MW of Rooftop Solar Systems with Net Metering

The Bangalore Electricity Supply Company Limited (BESCOM) has invited expression of interest (EoI) for empaneled agencies to design, supply, install, and commission 30 MW of rooftop solar grid-connected power projects ...
/ / Rooftop, Solar
Important Headlines from India’s Renewable Sector in February 2020

Important Headlines from India’s Renewable Sector in February 2020

February was a busy month for the domestic renewable sector, with many important events and announcements making the headlines. There were several important announcements in the month, including the Union ...
Rooftop Solar Developers Approach APTEL Against Karnataka’s Net Metering Order

Rooftop Solar Developers Approach APTEL Against Karnataka’s Net Metering Order

Four leading solar developers in the state have petitioned the Appellate Tribunal for Electricity (APTEL) against the Karnataka Electricity Regulatory Commission’s (KERC) order, which was issued in December 2019. The ...
/ / Rooftop, Solar
What the Indian Solar Industry Wants from Budget 2020

What the Indian Solar Industry Wants from Budget 2020

On February 1st, the NDA government will present its 2020 budget. Considering the present state of the economy and the renewable industry, the upcoming budget can be a great opportunity ...
Uttar Pradesh Reviews Regulations for Captive Renewable Projects

Uttar Pradesh Reviews Regulations for Captive Renewable Projects

The Uttar Pradesh Energy Regulatory Commission (UPERC) has reviewed its regulations for captive and renewable energy generating projects (CRE Regulations, 2019) in response to a petition from the Uttar Pradesh ...
UPERC Dismisses Amplus Green’s Plea to Term its 50 MW Solar Project as Captive

UPERC Issues Clarification on Banked Energy for Captive Renewable Projects

In its recent order, the Uttar Pradesh Electricity Regulatory Commission (UPERC) has shed light on what qualifies to be a captive generation project and when they can withdraw banked energy ...
/ / Markets & Policy, Solar
Corporate Funding in 2019 Jumps 20% Reaching $12 Billion in the Solar Sector Globally

Corporate Funding in 2019 Jumps 20% Reaching $12 Billion in the Solar Sector Globally

Total corporate funding in the solar sector increased by 20% in 2019, reaching $11.7 billion in 117 deals, up from $9.7 billion in 139 deals in 2018, according to Mercom ...
/ / Mercom Research Focus, Other
Indian Telephone Industries Issues Tender to Procure Solar Power Through Open Access

Indian Telephone Industries Issues Tender to Procure Solar Power Through Open Access

Indian Telephone Industries (ITI) Limited, a government-owned manufacturer of telecommunication equipment, has issued a tender to procure 600,000 kWh of solar power monthly from offsite ground-mounted projects for its facility ...
/ / Solar, Tenders & Auctions
Removal of 1 MW Cap on Net Metering Crucial for India’s Rooftop Solar Growth

Removal of 1 MW Cap on Net Metering Crucial for India’s Rooftop Solar Growth

The rooftop solar market in India has been growing steadily over the last five years. According to the recent Q2 2019 India Solar market update published by Mercom India, cumulative ...
/ / Mercom Research Focus, Other
Rajasthan to Develop 113.5 MW of Solar Projects Across 10 Clusters

Rajasthan to Develop 113.5 MW of Solar Projects Across 10 Clusters

The Rajasthan Renewable Energy Corporation Limited (RRECL) has floated a tender inviting interested bidders to develop 113.5 MW (AC) of decentralized solar projects spread across various clusters of the state ...
/ / Solar, Utility Scale
Online Grocery Retailer Big Basket to Install 1.4 MW of Rooftop Solar Systems

Online Grocery Retailer Big Basket to Install 1.4 MW of Rooftop Solar Systems

Amplus Energy Solutions, a rooftop solar company, has joined forces with Big Basket, an online grocery retailer, to deploy renewable energy installations at its various premises in the country. As ...
/ / Rooftop, Solar
Is Group Captive the Next Attractive Solar Market in 2019?

Is Group Captive the Next Attractive Solar Market in 2019?

On paper, the open access solar is an attractive source of power for large consumers (with a connected load of more than 1 MW). It allows them to procure solar ...
Budget 2019

Promising Budget 2019 Instills Hope in India’s Renewable Industry and E-Mobility Segment

The new budget is here and it sounds promising for the country’s fledgling non-conventional energy sector. This year’s budget shows a marked increase in the budgetary allocations for renewable energy ...
CleanMax Solar to Develop 150 MW of Group Captive Solar Projects in Haryana

CleanMax Solar to Develop 150 MW of Group Captive Solar Projects in Haryana

CleanMax Solar, a leading rooftop solar developer, has initiated the process for setting up 150 MW of solar group captive projects to supply power to corporates in the state of ...
/ / Solar, Utility Scale
Karnataka Floats Tender for Solar-Powered Lights and Fans in 900 Anganawadi Buildings

Wheeling & Banking Agreement Mandatory to Receive Compensation for Solar Power Supplied

The Karnataka Electricity Regulatory Commission (KERC) has ruled against providing any relief to Amplus Power Solutions, the developer of a 34.3 MW solar power project in a solar park located ...
Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019

Month in a Minute: Major News Highlights from India’s Solar Industry in May 2019

There was a lag in the rapid pace of activities in the renewable energy sector during the month of May. The ongoing Lok Sabha elections had slowed down the tenders ...
Pharmaceutical Major Cipla Set to Acquire 26% Stake in AMP Solar's SPV at ₹129 Million

Pharmaceutical Major Cipla Set to Acquire 26% Stake in AMP Solar’s SPV at ₹129 Million

A filing made at the Bombay Stock Exchange (BSE) states that Mumbai-based global pharmaceutical major Cipla Limited has signed an agreement to acquire 26% stake on a fully diluted basis ...
Suzlon Solar

Suzlon Completes Sale of Two of its Solar Subsidiaries to CLP Wind Farms for ₹990 Million

Renewable project developer Suzlon Energy has announced that it has completed the sale two of its subsidiaries to CLP Wind Farms (India) Ltd (CLP). In a recent filing, Suzlon stated ...
/ / Other, Wind
HPPC Asked to Study Commercial Viability of its Solar Project with Battery Storage

“Nothing in it for Us”: Solar Industry Reacts to 2019 Budget

The interim budget announced by interim Finance Minister Piyush Goyal did not offer much for India’s renewable energy sector. Mercom had reported that the budget could be an opportunity to help ...
/ / Markets & Policy, Solar
Uttar Pradesh Invites Bids for 200 MW in its Private Sector Owned Solar Park

Canadian Firm AMP Solar Acquires Remaining 51% Stake in Rudra Solarfarms for $2 Million

AMP Solar, a Canadian renewable developer, has acquired the remaining 51 percent stake in Rudra Solarfarms, a special purpose vehicle built by another renewable developer Suzlon to execute the 15 ...
/ / Finance and M&A, Solar
Uttar Pradesh Allows Net-Metering for a 3.34 MW University Rooftop Solar Project

Telangana Commission Approves 2 MW Rooftop Solar Project for HAL

The Telangana State Electricity Regulatory Commission (TSERC) has approved the construction of a 2 MW rooftop solar project on net-metering basis. The ruling came after the TSERC examined a petition ...
/ / Markets & Policy, Solar
Decrease in Cost of Solar by 50% can Increase Solar Penetration by 8 Times: NITI Aayog

DiSPA Asks Haryana to Remove Upper Cap of 500 MW for Open Access Solar Projects

The Distributed Solar Power Association (DiSPA) has petitioned the Haryana Electricity Regulatory Commission (HERC) to remove the 500 MW cap for open access solar projects. According to DiSPA, the Haryana ...
/ / Markets & Policy, Solar
Uttar Pradesh Allows Net-Metering for a 3.34 MW University Rooftop Solar Project

Uttar Pradesh Allows Net Metering for a 3.34 MW University Rooftop Solar Project

In a landmark order, the Uttar Pradesh Electricity Regulatory Commission (UPERC) has allowed net metering for a 3.34 MW rooftop solar photovoltaic (PV) project in Greater NOIDA, Uttar Pradesh. The ...
/ / Rooftop, Solar
REIL Retenders 50 MW of Rooftop Solar to be installed on Government Buildings

AMP Solar Quotes Lowest Tariff in Madhya Pradesh’s 35 MW Solar Rooftop Auction

AMP Solar India quoted the lowest tariff (L1) of ₹1.58 (~$ 0.022)/kWh at the recently concluded auction held by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for the development of ...
/ / Rooftop, Solar