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.
Daily News Wrap-Up: Ohmium Partners With Shell India on Green Hydrogen Solutions
Here are some noteworthy cleantech announcements of the day from around the world: Green hydrogen company Ohmium International is collaborating with Shell India to evaluate hydrogen applications, markets, and project ...
India Adds Over 845 MW of Rooftop Solar in First Half of 2022
India installed over 389 MW of rooftop solar capacity in the second quarter (Q2) of the calendar year (CY) 2022, a decline of 15% compared to 456 MW installed in ...
Daily News Wrap-Up: Ashok Leyland Launches Electric Double-Decker Bus in Mumbai
Here are some noteworthy cleantech announcements of the day from around the world: Union Minister for Road Transport & Highways Nitin Gadkari launched Ashok Leyland Electric Double Decker Bus, Switch ...
POSOCO Forbids 15 DISCOMS in Seven States from Trading in Power Exchanges
Power System Operation Corporation (POSOCO) has debarred 15 distribution companies (DISCOMs) in six states and a Union Territory from buying or selling electricity at power exchanges as a penalty for ...
ReNew Power’s Revenue for Q1 FY23 Up by 48% to ₹25 Billion
Independent power producer ReNew Power posted total revenue of ₹25 billion (~$313.41 million) for the first quarter (Q1) of the fiscal year (FY) 2023, an increase of 48.8% compared to ...
Solar Imports in Q2 2022 Down 22% Year-Over-Year
India imported solar cells and modules worth $597.48 million (~₹47.39 billion) in the second quarter (Q2) of the calendar year (CY) 2022, a decline of 22% year-over-year (YoY), according to ...
REC Silicon’s Revenue Up by 26% YoY With $45 Million in Q2 2022
REC Silicon, a leading producer of advanced silicon materials, posted a revenue of $45 million in the second quarter (Q2) of the calendar year (CY) 2022, up 20% from $34.6 ...
India Adds Over 7 GW of Solar in a Record First Half of 2022
India installed over 3.9 GW of solar capacity in the second quarter (Q2) of the calendar year (CY) 2022, an increase of 18% compared to 3.3 GW installed in the ...
Vikram Solar Gets SEBI’s Nod to Raise Funds Through Initial Public Offering
Vikram Solar, a solar module manufacturer and EPC solutions provider, has received SEBI’s nod to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue ...
Power Ministry Proposes Renewable Energy Central Pool with Uniform Tariffs
The Ministry of Power (MoP) has suggested creating a central pool of interstate transmission systems (ISTS)-connected renewable energy sources from which an intermediary company will procure power to be supplied ...
EV Charging Startup Exponent Energy Raises $13 Million in Series A Funding Round
Electric vehicle (EV) charging startup Exponent Energy secured $13 million in its Series A funding round. The funding round led by Lightspeed Venture Partners saw participation from existing investors like ...
Open Access Consumers in West Bengal to Pay Wheeling Charges of ₹0.99/kWh for FY23
West Bengal Electricity Regulatory Commission (WBERC) has directed open access consumers to pay ₹0.99 (~$0.012)/kWh as wheeling charges to West Bengal State Electricity Distribution Company (WBSEDCL) for the use of ...
Tariff Regulations Issued for Renewable Projects Selling Power to Chhattisgarh DISCOMs
Chhattisgarh State Electricity Regulatory Commission (CSERC) has issued regulations specifying the terms and conditions of tariffs for renewable energy projects to sell power to distribution licensees (DISCOMs) in the state ...
Shapoorji Pallonji to Offload 1.25% Stake in Sterling and Wilson
Shapoorji Pallonji has proposed to sell 2,370,787 equity shares having a face value of ₹1 (~$0.013) each, amounting to a 1.25% equity it holds in its solar engineering and construction ...
Storage Solutions Provider Energy Vault Reports Revenue of $43.9 Million in 1H 2022
Gravity-based energy storage solutions provider Energy Vault has announced the financial results for the first half (1H) and second quarter (Q2) of the calendar year (CY) 2022. The Switzerland-based company ...
Battery Company Solid Power Reports 360% YoY Increase in Revenue in Q2 2022
Solid Power, an all-solid-state rechargeable battery cells manufacturer, reported revenue of $2.58 million in the second quarter (Q2) of 2022, a 360% year-over-year (YoY) growth compared to $561,000 in Q1 ...
Daily News Wrap-Up: 2G Ethanol Plant Worth ₹9 Billion Inaugurated in Haryana
Here are some noteworthy cleantech announcements of the day from around the world: Prime Minister Narendra Modi inaugurated a 2G ethanol plant at Panipat Refinery in Haryana. The plant was ...
Fuel Cell Manufacturer Bloom Energy Records Net Loss of $118 Million in Q2 2022
Bloom Energy, a U.S.-based solid oxide fuel cells manufacturer, recorded total revenue of $243.24 million in the second quarter (Q2) 2022, a 6.4% year-over-year (YoY) growth compared to $228.47 million ...
Brookfield Renewable Partners Reduces Loss by 98% YoY in Q2 2022
Canada-based renewable energy investor Brookfield Renewable Partners announced the financial results for the first half (1H) and the second quarter (Q2) of the calendar year (CY) 2022. The company reported ...
Hydrogen Fuel Cell Company Plug Power’s Revenue Rises 21% YoY in Q2 2022
Plug Power, a U.S.-based provider of green hydrogen and fuel cell solutions, recorded a revenue of $151.27 million in the second quarter (Q2) of 2022, a 21% year-over-year (YoY) growth ...
Solar Tracking Systems Company FTC Solar’s Loss Reduces to $25.62 Million in Q2 2022
U.S.-based solar tracker systems provider FTC Solar recorded a revenue of $30.7 million in the second quarter (Q2) of 2022, a year-over-year (YoY) drop of 39% compared to $50.1 million ...
25 State Power Utilities Downgraded in Annual DISCOM Ratings
The Ministry of Power has released its tenth annual integrated ratings for the state distribution companies (DISCOMs) for the financial year (FY) 2022. Out of the 71 DISCOMs covered, six ...
GIB Issue: Undergrounding 66 kV Transmission Lines for Power Evacuation Not Feasible
The Technical Expert Committee constituted to lay down the techno-economic norms on undergrounding of power lines has determined that undergrounding of transmission lines of 66 kV and above voltage levels ...
Torrent Power Records a 110% YoY Increase in Revenue in Q1 FY23
Gujarat-based power company Torrent Power recorded revenue of ₹66.19 billion (~$832.01 million) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 110% compared ...
Amara Raja Batteries’ Net Profit Rises by 33% QoQ in Q1 FY23
Amara Raja Batteries recorded an income of ₹26.21 billion (~$329.14 million) in the first quarter (Q1) of the financial year (FY) 2023, a 20% quarter-over-quarter (QoQ) increase from the ₹21.81 ...
