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

Researchers Develop Perovskite Solar Modules to Act as Reflective Building Material

Researchers Develop Perovskite Solar Modules to Act as Reflective Building Material

Researchers at the Karlsruhe Institute of Technology (KIT) in Germany have developed colored solar cells from inexpensive perovskite semiconductor material, which can be integrated into facades or roofs of buildings ...
/ / Solar, Technology
Renewable Industry Attracts $1.18 Billion in FDI During Nine Months of FY 2021-22

Renewable Industry Attracts $1.18 Billion in FDI During Nine Months of FY 2021-22

The foreign direct investment (FDI) in India's renewable energy (non-conventional) sector stood at $1.18 billion (~₹89.68 billion) for the first nine months (9M) of the financial year (FY) 2021-22. The ...
/ / Finance and M&A, Other
Daily News Wrap-Up: Gensol Secures ₹2.67 Billion Loan to Expand its EV Business

Daily News Wrap-Up: Gensol Secures ₹2.67 Billion Loan to Expand its EV Business

Here are some noteworthy cleantech announcements of the day from around the world: Gensol received a loan of ₹2.67 billion (~$34.68 million) from India's leading financial institution to expand its ...
/ / Other, Renewable Energy
Macquarie Led Consortium to Acquire Reden Solar for €2.5 Billion

Macquarie Led Consortium to Acquire Reden Solar for €2.5 Billion

A consortium led by Macquarie Asset Management will be acquiring solar project developer Reden Solar from InfraVia Capital Partners and Eurazeo for an enterprise value of €2.5 billion (~$2.72 billion) ...
/ / Finance and M&A, Solar
Itron's Revenue Falls by 7% YoY in Q4 2021, Registers a Net Loss of $58.9 Million

Itron’s Revenue Falls by 7% YoY in Q4 2021, Registers a Net Loss of $58.9 Million

U.S.-based energy and water resource management technology company Itron in its recently announced financial results recorded revenue of $485.6 million in the fourth quarter (Q4) 2021, a year-over-year (YoY) decline ...
/ / Other, Renewable Energy
French Startup CARBON to Set Up Solar Module Gigafactory by 2025

French Startup CARBON to Set Up Solar Module Gigafactory by 2025

French startup CARBON has announced its plans to set up a gigafactory of solar modules in France. The company plans to produce 5 GW of modules by 2025 and then ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Karnataka Plans 5 GW Hybrid Energy Park, Green Hydrogen Policy

Daily News Wrap-Up: Karnataka Plans 5 GW Hybrid Energy Park, Green Hydrogen Policy

Here are some noteworthy cleantech announcements of the day from around the world: Karnataka government has proposed the construction of a 2 GW underground electricity storage center in the Sharavathi ...
/ / Other, Renewable Energy
Rate Contract Tender Issued for Solar and Net Meters in Rajasthan

Rate Contract Tender Issued for Solar and Net Meters in Rajasthan

Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the Government of India and Rajasthan, has issued a notice inviting tender for rate contract of energy net meters and ...
Tata Cleantech Loans ₹4.4 Billion to Sterlite for a Northeastern Transmission Project

Tata Cleantech Loans ₹4.4 Billion to Sterlite for a Northeastern Transmission Project

Power transmission company Sterlite Power announced the financial closure for its Nangalbibra-Bongaigaon Transmission Project with debt funding of ₹4.4 billion (~$57.19 million) from Tata Cleantech Capital. Sterlite Power had acquired ...
/ / Finance and M&A, Other
Renewables Sector Needs an Annual Investment of ₹2 Trillion Standing Committee Report

Renewables Sector Needs an Annual Investment of ₹2 Trillion: Standing Committee Report

The Parliamentary Standing Committee on Energy recommended that the Ministry of New and Renewable Energy (MNRE) work proactively to make available and explore innovative financing mechanisms and alternative funding avenues ...
/ / Finance and M&A, Other
Energy Storage Solutions Provider Taqanal Energy Raises ₹95 Million in a Pre-Series Round

Energy Storage Solutions Provider Taqanal Energy Raises ₹95 Million in a Pre-Series Round

Cloud-connected energy storage solutions provider Taqanal Energy raised ₹95 million (~$1.24 million) in a pre-series round from JITO Angel Network. The round saw participation from KITVEN, Lets Venture, and Wellingdon ...
/ / Finance and M&A, Other
Renewable Energy Trading Up by 61% MoM to 453 MU at IEX in February 2022 (1)

Renewable Energy Trading Up by 61% MoM to 453 MU at IEX in February 2022

The Indian Energy Exchange (IEX) traded 453 million units (MU) of renewable energy in February 2022, a 61% month-over-month (MoM) increase compared to 280 MU traded in the previous month ...
/ / Other, Renewable Energy
Solar Tracker Manufacturer Soltec's Revenues Up by 354% YoY in Q4 2021

Solar Tracker Manufacturer Soltec’s Revenues Up by 354% YoY in Q4 2021

Soltec Power Holdings, in its recently announced financial results, recorded revenues of €159.6 million (~$177.4 million) in Q4 2021, a year-over-year (YoY) increase of 354% compared to €35.1 million (~$38.83 ...
/ / Markets & Policy, Solar
Atlantica’s Renewables Portfolio Up by 43.5%, Generates $928 Million in Revenue in 2021

Atlantica’s Renewables Portfolio Up by 43.5%, Generates $928 Million in Revenue in 2021

Atlantica Sustainable Infrastructure, a sustainable infrastructure company that owns a diversified portfolio of contracted assets in the energy (including solar power) and environment sectors, recorded total revenue of $271.33 million ...
/ / Other, Renewable Energy
Coal India Subsidiary Issues EPC Tender for a 25 MW Solar Project In West Bengal

Coal India Subsidiary Issues EPC Tender for a 25 MW Solar Project in West Bengal

CIL Navikarniya Urja (CNUL), on behalf of Bharat Coking Coal (BCCL), has invited bids for the design, engineering, procurement, supply, construction, erection, testing, and commissioning with an associated transmission system ...
Module Manufacturer First Solar Reports 190% QoQ Growth in Net Income in Q4 2021

Module Manufacturer First Solar Reports 190% QoQ Growth in Net Income in Q4 2021

U.S.-based solar modules manufacturer First Solar recorded a net income of $131.37 million in the fourth quarter (Q4) of 2021, representing a quarter-over-quarter (QoQ) growth of 190% compared to the ...
/ / Markets & Policy, Solar
BHEL Invites Bids for Rectification Work at a 50 MW Solar Project in Telangana

BHEL Invites Bids for Rectification Work at a 50 MW Solar Project in Telangana

Bharat Heavy Electricals Limited (BHEL) has issued a notice inviting tender for rectification work of the 50 MW Ramagundam solar power project site at Singareni Collieries in Telangana. The scope ...
Smart Energy Storage Company Stem’s Revenue up 184% YoY in Q4 2021

Smart Energy Storage Company Stem’s Revenue up 184% YoY in Q4 2021

Artificial Intelligence (AI)-enabled energy storage software and services provider Stem recorded a revenue of $52.8 million in the fourth quarter (Q4) of 2021, representing a year-over-year (YoY) increase of 184% ...
/ / Other, Renewable Energy
Month in a Minute Top Headlines from the Indian Renewable Sector in February 2021

Month in a Minute: Top Headlines from the Indian Renewable Sector in February 2022

Here is a recap of some of the most important headlines from February 2022: India installed a record 10 GW of new solar capacity in 2021, a big jump of ...
/ / Other, Renewable Energy
Daily News Wrap-Up MNRE Approves 400 MW Solar Park in Himachal Pradesh by SJVN

Daily News Wrap-Up: MNRE Approves 400 MW Solar Park in Himachal Pradesh by SJVN

Here are some noteworthy cleantech announcements of the day from around the world: Ministry of New and Renewable Energy (MNRE) has granted in-principle approval to SJVN to develop a 400 ...
/ / Other, Renewable Energy
NTPC Tenders Transmission System Package With Land for 500 MW of Solar Projects

NTPC Tenders Transmission System Package with Land for 500 MW of Solar Projects

NTPC Renewable Energy Limited (NTPC REL) has invited bids for acquiring land, and an extra-high voltage (EHV) transmission system package for the development of 500 MW state transmission utility (STU) ...
/ / Solar, Tenders & Auctions
Tender Issued toTender Issued to Procure Renewable Power to Meet Energy Shortfall in Idaho & Washington Procure Power from 150 MW of Solar Projects in West Virginia

Tender Issued to Procure Renewable Power to Meet Energy Shortfall in Idaho & Washington

U.S.-based energy company Avista Corporation has issued a request for proposals (RfP) to procure power from renewable power projects to meet capacity and energy shortfalls between 2026 and 2030 in ...
/ / Solar, Tenders & Auctions
Tender Issued to Procure Power from 150 MW of Solar Projects in West Virginia

Tender Issued to Procure Power from 150 MW of Solar Projects in West Virginia

American Electric Power Service Corporation (AEPSC), on behalf of Appalachian Power, has issued a request for proposal (RfP) to procure power from 150 MW of solar projects with optional battery ...
/ / Solar, Tenders & Auctions
Daily News Wrap-Up: NHPC, HDFC Bank Sign Securitization Deal Worth ₹10.16 Billion

Daily News Wrap-Up: NHPC, HDFC Bank Sign Securitization Deal Worth ₹10.16 Billion

Here are some noteworthy cleantech announcements of the day from around the world: NHPC entered into an agreement with the lender HDFC bank to securitize its return on equity of ...
/ / Other, Renewable Energy
Residential Solar Firm Sunnova Registers a 71% YoY Jump in Revenue in Q4 2021

Residential Solar Firm Sunnova Registers a 71% YoY Jump in Revenue in Q4 2021

U.S.-based residential solar and storage service provider, Sunnova Energy International, has reported a revenue of $65 million in the fourth quarter (Q4) of 2021, an increase of 71% compared to ...
/ / Other, Renewable Energy