Author Archives: Gautamee Hazarika

About Gautamee Hazarika

Gautamee, Staff reporter at Mercom India More articles from Gautamee.
Gautamee is a staff reporter at Mercom India. Prior to Mercom, Gautamee was working as a multimedia news journalist at ThePrint in New Delhi. She has received her Bachelors in English Honors and Masters in English Literature from St.Stephen's College, University of Delhi.More articles from Gautamee

gautamee@mercomindia.com

@gautameeh_

Soltec Power Swings to €14.5 Million Profit in Q3 on Better Demand

Soltec Power Swings to €14.5 Million Profit in Q3 on Better Demand

Solar tracker maker Soltec Power Holdings swung to a net profit of €14.5 million ($15.1 million) in the third quarter (Q3) of FY 2022, against a loss of €0.1 million ...
/ / Finance and M&A, Solar
India Announces Long-Term Low-Carbon Development Strategy at COP27

India Announces Long-Term Low-Carbon Development Strategy at COP27

At the UN Climate Change Conference (COP27) in Egypt, India unveiled a multi-pronged strategy to achieve low-carbon growth, which includes expanding and stabilizing the renewable electricity grid, phasing down coal, ...
/ / Other, Renewable Energy
Solar Glass Manufacturer Borosil Renewables’ Profit Dips by 29% YoY in Q2 FY23

Solar Glass Manufacturer Borosil Renewables’ Profit Dips by 29% YoY in Q2 FY23

Borosil Renewables, an India-based solar-glass manufacturer, recorded a profit after tax of ₹241.89 million ($2.97 million) for the second quarter (Q2) of the financial year (FY) 2023, a YoY decrease ...
/ / Finance and M&A, Solar
LDES, United States, Department of Energy, Biden-Harris Administration

US Announces $350 Million for Long-Duration Energy Storage Demonstration Projects

The Biden-Harris Administration has announced a $350 million fund for Long-Duration Energy Storage (LDES) demonstration projects. These storage projects are built to deliver electricity for up to 10 to 24 ...
Shoals Technologies’ Q3 Net Income Soars 142%

Shoals Technologies’ Q3 Net Income Soars 142%

Manufacturer of the solar balance of system (BOS) components Shoals Technologies Group recorded a net income of $12.9 million in the third quarter (Q3) of FY 2022, a 142% jump ...
/ / Finance and M&A, Solar
Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

Siemens Gamesa Posts Net Profit of €286 Million in Q4 FY22

Spain-based wind engineering company Siemens Gamesa Renewable Energy reported a profit of €286 million ($293.34 million) in the fourth quarter (Q4) of the fiscal year (FY) 2022, a year-on-year (YoY) ...
/ / Finance and M&A, Wind
Sembcorp to Acquire Vector Green’s Solar and Wind Portfolio of 583 MW

Sembcorp to Acquire Vector Green’s Solar and Wind Portfolio of 583 MW

Singapore-based renewable energy company Sembcorp’s wholly-owned subsidiary Sembcorp Green Infra Limited has entered into an agreement with India Infrastructure Fund II, managed by Global Infrastructure Partners, to acquire 100% of ...
/ / Renewable Energy, Solar, Wind
Atlantica’s Renewables Business Revenue Dips 8.54% YoY in Q3 2022

Atlantica’s Renewables Business Revenue Dips 8.54% YoY in Q3 2022

UK-headquartered Atlantica Sustainable Infrastructure’s renewable business recorded a revenue of $232.42 million in the third quarter (Q3) of 2022, a year-over-year (YoY) dip of 8.54% from $254.13 million. The renewables ...
/ / Other, Renewable Energy
IRENA Urges Global Leaders to Bridge Renewable Energy Deployment Gap

IRENA Urges Global Leaders to Bridge Renewable Energy Deployment Gap

The collective effort to switch to renewables and make the energy transition is not enough despite the Glasglow Climate Pact, finds a new report by the International Renewable Energy Agency ...
/ / Other, Renewable Energy
Plug Power’s Net Loss Up 60% YoY in Q3, as it Builds its Green Hydrogen Platform

Plug Power’s Net Loss Up 60% YoY in Q3, as it Builds its Green Hydrogen Platform

Plug Power, a U.S.-based developer of hydrogen fuel cell (HFC) turnkey solutions, recorded a net loss of $170.76 million in the third quarter (Q3) of 2022, a year-on-year (YoY) increase ...
/ / Other, Renewable Energy
Daily-News Wrap-Up Iberdrola Announces €47 Billion For Energy Transition

Daily-News Wrap-Up: Iberdrola Announces €47 Billion For Energy Transition

Here are some noteworthy cleantech announcements of the day from around the world: Spain-based electric utility company Iberdrola announced a record investment plan of €47 billion ($47.2 billion) for energy ...
/ / Other, Renewable Energy
Daily-News Wrap-Up: Power Ministry Amends Charging Infrastructure Guidelines for EVs

Daily-News Wrap-Up: Power Ministry Amends Charging Infrastructure Guidelines for EVs

Here are some noteworthy cleantech announcements of the day from around the world: The Power Ministry has issued amendments to Charging Infrastructure for Electric Vehicles revised consolidated guidelines and standards ...
Early Rollout of Fiscal Policy Could Reduce Emissions in the Middle East & Central Asia

Early Rollout of Fiscal Policy Could Reduce Emissions in the Middle East & Central Asia

The Middle East and Central Asian countries have collectively pledged to reduce annual greenhouse gas emissions (GHG) in 2030 by 13-21%, a new IMF study estimates. On assessing the region's ...
KKR to Invest $400 Million in Serentica Renewables

KKR to Invest $400 Million in Serentica Renewables

Private equity firm KKR will invest $400 million in Serentica Renewables to ramp up its clean energy portfolio and provide energy transition solutions to industries. Serentica Renewables has recently entered ...
People Without Electricity Set to Increase in 2022 for First Time in Decades

People Without Electricity Set to Increase in 2022 for First Time in Decades

The number of people living without electricity is set to rise by nearly 20 million in 2022, reaching nearly 775 million, finds International Energy Agency’s (IEA) latest data. The agency ...
Iron Flow Battery Maker ESS Tech Cuts Loss by 38% YoY

Iron Flow Battery Maker ESS Tech Cuts Loss by 38% YoY

U.S.-based manufacturer of long-duration iron-flow batteries ESS Tech recorded a loss of $31.6 million in Q3 2022, a 38% year-over-year (YoY) improvement compared to a loss of $51.33 million in ...
Swiss Scientists Claim Dye-Sensitized Solar Cells Can Achieve up to 30.2% Efficiency

Swiss Scientists Claim Dye-Sensitized Solar Cells Can Achieve up to 30.2% Efficiency

The researchers at Switzerland's École Polytechnique fédérale de Lausanne (EPFL) claimed to have developed dye-sensitized solar cells (DSCs) with a power conversion efficiency of 15.2% in direct sunlight and up ...
/ / Solar, Technology
Residential Solar Company SolarSquare Raises $12.8 Million Series A Funding

Residential Solar Company SolarSquare Raises $12.8 Million Series A Funding

Mumbai-based rooftop solar start-up SolarSquare has raised ₹1 billion ($12.8 million) as part of its series A funding round led by Elevation Capital and U.S.-based climate-focused fund Lowercarbon Capital. Existing ...
/ / Finance and M&A, Solar
Researchers in Spain Find New Way to Cool Solar Panels to Improve Efficiency

Researchers in Spain Find New Way to Cool Solar Panels to Improve Efficiency

A team of researchers at the University of Alcala in Spain has claimed that a temperature reduction in solar modules by up to 20ºC can enhance the net system efficiency ...
/ / Solar, Technology
Daily News Wrap-Up: Indian Army Partners with Tata Power to Set Up EV Charging Points

Daily News Wrap-Up: Indian Army Partners with Tata Power to Set Up EV Charging Points

Here are some noteworthy cleantech announcements of the day from around the world: The Indian Army collaborated with Tata Power through its ‘Go-Green Initiative’ to set up 16 electric vehicle ...
Daily News Wrap-Up: O&M Tender Issued for 3.6 MW of Solar with Battery Projects

Daily News Wrap-Up: O&M Tender Issued for 3.6 MW of Solar with Battery Projects

Here are some noteworthy cleantech announcements of the day from around the world. Uttar Pradesh Agricultural Produce Board (Mandi Parishad) has issued a tender inviting bids for the operation and ...
Tender Issued to Install and Maintain Rooftop Solar Systems in West Bengal and Jharkhand

Tender Issued to Install and Maintain Rooftop Solar Systems in West Bengal and Jharkhand

Eastern Coalfields (ECL), a subsidiary of Coal India, has invited bids to design, install, and commission 816 kW of grid-connected rooftop solar systems and also provide operation and maintenance (O&M) ...
Daily News Wrap-Up: DEWA Solar Park's Fifth Phase Adds 300 MW of Capacity

Daily News Wrap-Up: DEWA Solar Park’s Fifth Phase Adds 300 MW of Capacity

Here are some noteworthy cleantech announcements of the day from around the world: Dubai Electricity and Water Authority (DEWA) added 300 MW of clean energy production capacity to the fifth ...
NextEra’s Clean Energy Business Records Net Income of $729 Million in Q3 2022

NextEra’s Clean Energy Business Records Net Income of $729 Million in Q3 2022

The U.S.-based energy company NextEra Energy reported a third-quarter (Q3) net income of $1.68 billion, a year-over-year increase of 13.49 % compared to $1.48 billion in Q3 2021. The quarterly increase was ...
Bids Invited for Developing 9.7 MW Rooftop Solar Projects in Odisha

Bids Invited for Developing 9.7 MW Rooftop Solar Projects in Odisha

The Odisha Renewable Energy Development Agency (OREDA) has invited a request for proposal (RfP) to develop 9.71 MW of rooftop solar projects on government buildings in Odisha. The bids are ...