Author Archives: Anjana Parikh

About Anjana Parikh

Anjana is a news editor at Mercom India. Before joining Mercom, she held roles of senior editor, district correspondent, and sub-editor for The Times of India, Biospectrum and The Sunday Guardian. Before that, she worked at the Deccan Herald and the Asianlite as chief sub-editor and news editor. She has also contributed to The Quint, Hindustan Times, The New Indian Express, Reader’s Digest (UK edition), IndiaSe (Singapore-based magazine) and Asiaville. Anjana holds a Master’s degree in Geography from North Bengal University, and a diploma in mass communication and journalism from Guru Ghasidas University, Bhopal.

anjana@mercomindia.com

@anjana60826273

Renewable Project Developer Greenko Receives $329 Million in Equity

Renewable Project Developer Greenko Receives $329 Million in Equity

After receiving $495 million (~₹33.92 billion) as primary equity from General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA), Greenko Energy Holdings (Greenko), has now secured another $329 million ...
/ / Finance and M&A, Other
Total Eren and EDF Renewables Sign PPA for 716 MW of Solar Projects in India

Total Eren and EDF Renewables Sign PPA for 716 MW of Solar Projects in India

Total Eren and EDF Renewables have signed 25-year long term power purchase agreements (PPA) for four solar power projects with an installed capacity of 716 MW. These projects are located ...
/ / Solar, Utility Scale
Delhi To Shut Rajghat Thermal Power Project, Use Land for 5 MW Solar Park

Delhi To Shut Rajghat Thermal Power Project, Use Land for 5 MW Solar Park

Amid constantly deteriorating air quality, the Delhi government has decided to officially close the Rajghat thermal power project and develop it into a 5 MW solar park. According to a ...
/ / Solar, Utility Scale
Solar EPC Company Sterling and Wilson Solar Receives SEBI's Approval for its IPO

Solar EPC Company Sterling and Wilson Solar Receives SEBI’s Approval for its IPO

The Securities and Exchange Board of India (SEBI) has given its approval to Sterling and Wilson Solar Limited (SWSL) to float its proposed initial public offering that is estimated to ...
Sembcorp to Infuse ₹5.169 Billion in its India Arm to Push Renewable Business

Sembcorp to Infuse ₹5.169 Billion in its India Arm to Push Renewable Business

Sembcorp Industries has increased its equity stake in its India arm Sembcorp Energy India (SEIL) from 93.73% to 94.05%. The company has infused ₹5.169 billion (~$75.33 million) into SEIL to ...
/ / Finance and M&A, Other
NTPC Invites EPC Vendors to Enlist for Solar Projects Between 10-50 MW

NTPC Invites EPC Vendors to Enlist for Solar Projects Between 10-50 MW

The National Thermal Power Corporation (NTPC) has issued tender inviting applications from eligible vendors for the enlistment of engineering, procurement, and construction (EPC) bidders to develop floating or ground-mounted solar ...
UAE Signs MoU with IRENA to Introduce Renewable Energy Studies in its Education System

UAE Signs MoU with IRENA to Introduce Renewable Energy Studies in its Education System

The UAE Ministry of Education plans to introduce training initiatives around low-carbon forms of energy into its national education system. A Memorandum of Understanding (MoU) has been signed between Hussain ...
Karnataka Extends Generic Tariff of ₹7.08_kWh for Waste to Energy Projects Until 2020

Karnataka Extends Generic Tariff of ₹7.08/kWh for Waste to Energy Projects Until 2020

In a recent order, the Karnataka Electricity Regulatory Commission (KERC) has extended the validity of the generic tariff it had set for municipal solid waste (MSW) projects in the state ...
REIL Issues Tender to Install 20,000 Solar Streetlights Across India

REIL Issues Tender to Install 20,000 Solar Streetlights Across India

The Rajasthan Electronics and Instruments Limited (REIL) has issued a tender for the supply, installation, and commissioning of 20,000 standalone off-grid solar LED streetlights across the country. The REIL is ...
Silk Road Fund Gets 49% Stake in Saudi Arabia’s ACWA Power

Silk Road Fund Gets 49% Stake in Saudi Arabia’s ACWA Power

Headquartered in Saudi Arabia, ACWA Power, a developer, owner, and operator of power generation and water desalination projects has signed an agreement with Silk Road Fund for a 49% stake ...
Kerala Automobiles to Manufacture 8,000 Indigenous Electric Autorickshaws

Kerala Automobiles to Manufacture 8,000 Indigenous Electric Autorickshaws

The Kerala Automobiles Limited (KAL) is set to roll out indigenous three-wheeler eco-friendly autorickshaws in the state. According to the company, it has recently received the clearance certificate from Pune-based ...
Ola Electric Raises $250 Million from SoftBank

Ola Electric Raises $250 Million from SoftBank

Ola Electric Mobility (OEM), a company backed by Ola, has raised ₹17.25 billion (~$250 million) from Tokyo-based SoftBank. SoftBank’s Cayman’s Islands entity, SB Topaz (Cayman) Ltd was allotted 4,326 compulsorily ...
Delhi Police Goes Green: Signs Pact with SECI for 3-4 MW of Rooftop Solar Installations

Delhi Police Goes Green: Signs Pact with SECI for 3-4 MW of Rooftop Solar Installations

The Delhi Police has signed a Memorandum of Understanding (MoU) with the Solar Energy Corporation of India (SECI) to install rooftop solar energy systems on its establishments. Through this MoU, ...
/ / Rooftop, Solar
BlackRock Real Assets Set to Buy 115 MW of Solar Projects in Taiwan

BlackRock Real Assets Set to Buy 115 MW of Solar Projects in Taiwan

BlackRock Real Assets, a global investment management company, has announced its plans to expand its renewable power portfolio in Asia. The Fund, which is a private fund managed by BlackRock ...
China’s Keppel Land Secures $125 Million from HSBC for Sino-Singapore Tianjin Eco-City

Keppel Land China Secures $125 Million from HSBC for Sino-Singapore Tianjin Eco-City

Keppel Land China, a Singapore-based company, has secured its first green loan facility to the tune of RMB 850 million (~$125 million) from HSBC Group China for the development of ...
Renewable Developer ReNew Power Raises $300 Million Through Rights Issue

Renewable Developer ReNew Power Raises $300 Million Through Rights Issue

ReNew Power, the Indian renewable energy project developer, has announced raising $300 million through a rights issue. A rights issue is when a company issues its existing shareholders a right ...
Nigerian Renewable Solutions Provider Arnergy Raises $9 Million in Series A Funding

Nigerian Renewable Solutions Provider Arnergy Raises $9 Million in Series A Funding

Arnergy, a Nigerian distributed utility company, has announced raising $9 million in Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for ...
ENGIE’s Renewable Capacity Additions in India Exceed 1.5 GW

ENGIE’s Renewable Capacity Additions in India Exceed 1.5 GW

The French multinational energy conglomerate ENGIE’s total renewable capacity in India has crossed 1.5 GW after Gujarat Urja Vikas Nigam Limited (GUVNL) awarded a 280 MW solar project as part ...
MNRE to Hold Third Edition of RE-INVEST from October 31-November 2, 2019

MNRE to Hold Third Edition of RE-INVEST from October 31-November 2, 2019

The Ministry of New and Renewable Energy (MNRE) has postponed the date for the third edition of global Renewable Energy Investors’ (RE-INVEST) meet and expo to be held in the ...
Multilateral Development Banks Allocated $43 Billion to Climate Finance in 2018

Multilateral Development Banks Allocated $43 Billion to Climate Finance in 2018

The 2018 edition of the joint report on climate finance by the world’s largest multilateral development banks (MDBs) reveals that nearly $43.1 billion was allocated to developing and emerging economies ...
/ / Finance and M&A, Other
Four of Maharashtra’s Dams to Soon Get Floating Solar Projects

Four of Maharashtra’s Dams to Soon Get Floating Solar Projects

The state of Maharashtra will soon have four floating solar power projects at four of its dams. The announcement was made by the Maharashtra Water Resources Minister, Girish Mahajan, during ...
Singapore’s Sunseap Receives $43 Million Green Loan to Install 210 Rooftop Solar Systems

Singapore’s Sunseap Receives $43 Million Green Loan to Install 210 Rooftop Solar Systems

Sunseap Group, a Singapore-based renewable energy firm, has secured a $43 million green loan from the United Overseas Bank Limited (UOB) to increase the reach of solar power in the ...
/ / Finance and M&A, Solar
Kolkata-Based Srei Equipment to Get $30 Million from FMO to Refinance its Renewable Business

Kolkata-Based Srei Equipment to Get $30 Million from FMO to Refinance its Renewable Business

Kolkata-based Srei Equipment Finance has announced that it has received a credit approval of $30 million from FMO, the Netherlands’ development finance company. According to Srei Equipment Finance Limited, the ...
/ / Finance and M&A, Solar
World Bank to Lend $300 Million to China for Battery Storage and Renewables Promotion

World Bank to Lend $300 Million to China for Battery Storage and Renewables Promotion

The World Bank has approved $300 million in loans for the China Renewable Energy and Battery Storage Promotion Project to increase the integration and utilization of renewable energy. “This project ...
/ / Finance and M&A, Other
NTPC Issues EPC Tender for 1 GW of Solar Projects Under Phase-II of CPSU Program

Global Renewable Industry Created 11 Million Job Opportunities in 2018: IRENA

The widespread adoption of renewable energy technologies has helped generate 11 million employment opportunities in the global renewable energy industry in 2018, says a report released by the International Renewable ...