Author Archives: Arjun Joshi

About 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

Thirty-Nine DISCOMs Submit Draft Proposals Under Power Reforms Program

Thirty-Nine DISCOMs Submit Draft Proposals Under Power Reforms Program

The Ministry of Power (MoP) has said that 39 out of 55 electricity distribution companies (DISCOMs) have submitted draft proposals under the ₹3.03 trillion (~$40.82 billion) reforms-based result-linked power distribution ...
/ / Grid, Market & Policy
Daily News Wrap-Up KfW to Fund €142 Million for Energy Reform Program in Madhya Pradesh

Daily News Wrap-Up: KfW to Fund €142 Million for Energy Reform Program in Madhya Pradesh

Here are some noteworthy cleantech announcements of the day from around the world: The Government of India and the German Development Bank Kreditanstalt für Wiederaufbau (KfW) signed agreements for a ...
/ / Other, Renewable Energy
Ark Energy Acquires Utility-Scale Wind and Solar Project Developer Epuron Holdings

Ark Energy Acquires Utility-Scale Wind and Solar Project Developer Epuron Holdings

Ark Energy Corporation, an Australian subsidiary of Korea Zinc, will acquire a 100% stake in utility-scale wind and solar project developer Epuron Holdings. After completing the transaction, Ark Energy will ...
/ / Finance and M&A, Other
Daily News Wrap-Up: Tata Motors Forms EV Subsidiary with ₹7 Billion Investment

Daily News Wrap-Up: Tata Motors Forms EV Subsidiary with ₹7 Billion Investment

Here are some noteworthy cleantech announcements of the day from around the world: Tata Motors has incorporated a 100% subsidiary, Tata Passenger Electric Mobility Limited (TPEML). TPEML has been incorporated ...
/ / Other, Renewable Energy
German Development Bank KfW to Raise €10 Billion Through Green Bonds in 2022

German Development Bank KfW to Raise €10 Billion Through Green Bonds in 2022

German development bank Kreditanstalt für Wiederaufbau (KfW) plans to raise €80 billion (~$90.35 billion) to €85 billion (~$96 billion) of funding in 2022, which will include at least €10 billion (~$11.3 billion) of green bond ...
/ / Finance and M&A, Other
Daily News Wrap-Up: No Final Decision on Rollback of Electricity Amendment Bill: RK Singh

Daily News Wrap-Up: No Final Decision on Rollback of Electricity Amendment Bill: RK Singh

Here are some noteworthy cleantech announcements of the day from around the world: Union Power Minister R.K. Singh has said no final decisions have been made regarding the rollback of ...
/ / Other, Renewable Energy
Europe Imposes up to 19.2% Anti-Dumping Duty on Chinese Steel Wind Turbine Towers

Europe Imposes up to 19.2% Anti-Dumping Duty on Chinese Steel Wind Turbine Towers

The European Commission has imposed anti-dumping duties ranging from 7.2% to 19.2% on Chinese steel wind turbine (SWT) towers to protect the European wind energy sector. The Commission found that Chinese ...
/ / Markets & Policy, Wind
Daily News Wrap-Up: ReNew Power's Operational Renewable Energy Portfolio Reaches 7.4 GW

Daily News Wrap-Up: ReNew Power’s Operational Renewable Energy Portfolio Reaches 7.4 GW

Here are some noteworthy cleantech announcements of the day from around the world: Independent power producer ReNew Power has achieved a total operating capacity of 7.4 GW. The bulk of ...
/ / Other, Renewable Energy
Daily News Wrap-Up Azure Power Signs 2,333 MW PPA with SECI

Daily News Wrap-Up: Azure Power Signs 2,333 MW PPA with SECI

Here are some noteworthy cleantech announcements of the day from around the world: Azure Power has signed power purchase agreements (PPAs) with Solar Energy Corporation of India (SECI) for 2,333 MW of ...
/ / Other, Renewable Energy
Renewable Energy Sector Attracts $1 Billion in FDI in the First Half of FY 2021-21

Renewable Energy Sector Attracts $1 Billion in FDI in the First Half of FY 2021-21

The foreign direct investment (FDI) in India's renewable energy sector stood at $1.03 billion (~₹77.55 billion) for the first half (1H) of the financial year (FY) 2021-22. The renewable sector ...
/ / Finance and M&A, Other
Share of Battery in Energy Storage Sector in MENA to Jump to 45% from the Current 7%

Share of Battery in Energy Storage Sector in MENA to Jump to 45% from the Current 7%

The Middle East and North African (MENA) countries must rapidly scale up and integrate variable renewable energy (VRE) – such as solar photovoltaic (PV) and onshore wind – into their ...
Daily News Wrap-Up: India Announces ₹760 Billion for Semiconductor PLI Program

Daily News Wrap-Up: India Announces ₹760 Billion for Semiconductor PLI Program

Here are some noteworthy cleantech announcements of the day from around the world: The Indian government has announced a production-linked incentive (PLI) program worth ₹760 billion (~$10 billion) to establish ...
/ / Other, Renewable Energy
Himachal's Local Entrepreneurs Invited to Bid for Setting up Solar Projects

Himachal’s Local Entrepreneurs Invited to Bid for Setting up Solar Projects  

The Himachal Pradesh Energy Development Agency (HIMURJA) has invited bids from Himachali entrepreneurs to set up ground-mounted solar projects ranging from 250 kW to 1 MW each in the state. The ...
/ / Solar, Tenders & Auctions
Daily News Wrap-Up: MNRE Simplifies Guidelines for KUSUM Solar Program

Daily News Wrap-Up: MNRE Simplifies Guidelines for KUSUM Solar Program

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of New and Renewable Energy (MNRE) has issued a new guideline stating that states can ...
/ / Other, Renewable Energy
Serbia to Develop 11.3 GW of Solar and Wind Projects

Serbia to Develop 11.3 GW of Solar and Wind Projects

Serbia plans to develop 8.3 GW of solar and 3 GW of wind power projects by 2024. According to the Balkan country's 'Draft Program of Economic Reforms 2022-2024', the total ...
/ / Other, Renewable Energy
Shell Acquires US-Based Solar and Energy Storage Developer Savion

Shell Acquires US-Based Solar and Energy Storage Developer Savion

Shell New Energies, a subsidiary of Royal Dutch Shell, has signed an agreement to buy a 100% stake in Savion, a utility-scale solar and energy storage developer in the U.S., from Macquarie's ...
/ / Finance and M&A, Solar
Ayana Renewables Acquires 250 MW Solar PV Project from ACME

Ayana Renewables Acquires 250 MW Solar PV Project from ACME

Bengaluru-based renewable energy platform Ayana Renewable Power Private Limited has announced a deal to acquire a 100% equity stake in a 250 MWac solar photovoltaic (PV) power project, developed and operated by ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: Adani Green Signs PPA for 4.6 GW of Solar Projects with SECI

Daily News Wrap-Up: Adani Green Signs PPA for 4.6 GW of Solar Projects with SECI

Here are some noteworthy cleantech announcements of the day from around the world: Adani Green Energy Ltd (AGEL) has signed an agreement with the Solar Energy Corporation of India (SECI) ...
/ / Other, Renewable Energy
EV Charging Startup Exponent Energy Raises $5 Million in Pre-Series A Round

EV Charging Startup Exponent Energy Raises $5 Million in Pre-Series A Round

Electric vehicle (EV) charging startup Exponent Energy has secured $5 million in its pre-series A round of funding. The round was led by YourNest VC, with participation from 3one4 Capital, ...
Average Cost to Build Large-Scale Solar Projects Climbed by 23% YoY in Q3 2021

Average Cost to Build Large-Scale Solar Projects Climbed by 23% YoY in Q3 2021

The average cost of large-scale solar projects in the third quarter of 2021 (Q3 2021) was about ₹42.4 million (~$559,828)/MW, according to Mercom’s recently released Q3 2021 India Solar Market ...
/ / Mercom Research Focus, Other
Daily News Wrap-Up: Hydrogen Solutions Provider Plug Power Acquires Frames Group

Daily News Wrap-Up: Hydrogen Solutions Provider Plug Power Acquires Frames Group

Here are some noteworthy cleantech announcements of the day from around the world: Turnkey hydrogen solutions provider Plug Power completed the acquisition of Frames Group, a  turnkey systems integration provider ...
/ / Other, Renewable Energy
Re-Examine Punjab's Bill on Renegotiating Renewable Energy Tariffs NSEFI

Re-Examine Punjab’s Bill on Renegotiating Renewable Energy Tariffs: NSEFI

The National Solar Energy Federation of India (NSEFI) has requested Union Law and Justice Minister Kiren Rijiju to re-examine the Punjab Renewable Energy Security, Reform, Termination, and Re-Determination of Power ...
/ / Other, Renewable Energy
Daily News Wrap-Up: India to Add 30 GW of Hydropower Projects Between 2019 and 2030

Daily News Wrap-Up: India to Add 30 GW of Hydropower Projects Between 2019 and 2030

Here are some noteworthy cleantech announcements of the day from around the world: Union Minister of State for Science and Technology Jitendra Singh said a total of 79 hydropower programs with ...
/ / Other, Renewable Energy
40 Flying Squads to Monitor Pollution Control Compliance in Delhi and Adjoining States

40 Flying Squads to Monitor Pollution Control Compliance in Delhi and Adjoining States

A total of 40 flying squads have been set up by the Enforcement Task Force (ETF) of the  Commission on Air Quality Management (CAQM) in the national capital region, according ...
/ / Other, Renewable Energy
Five Banks Facilitate Green Loan to Fund Reliance’ REC Solar Acquisition

Five Banks Facilitate Green Loan to Fund Reliance’ REC Solar Acquisition

Reliance Industries (RIL) has availed $736 million equivalent green loans from five banks to fund its acquisition of Norway-headquartered solar cells, modules, and polysilicon manufacturer REC Solar Holdings. The five ...
/ / Finance and M&A, Solar