Author Archives: Gourav Mishra

About Gourav Mishra

Gourav, Staff reporter at Mercom India More articles from Gourav.
Gourav is a staff reporter with Mercom India with over six years of experience in various roles with NewsX, The New Indian Express, IBTimes India, and U.S., Republic, and Analytics India Magazine. Gourav has a Master's in journalism from Jain University, Bengaluru. More articles from Gourav Mishra

gourav@mercomindia.com

@mishra_2202

Heavy Penalty Prompts DISCOMs to Clear Dues Worth ₹246.8 billion Since June

Heavy Penalty Prompts DISCOMs to Clear Dues Worth ₹246.8 billion Since June

The prospect of heavy penalties on delayed payments has prompted the state-owned power distribution companies (DISCOMs) to clear outstanding dues worth ₹246.8 billion (~$3.04 billion) in just four installments, the ...
/ / Other, Renewable Energy
US Corporates Installed 19 GW of Onsite & Offsite Solar Capacity Through June 2022

US Corporates Installed 19 GW of Solar Capacity Through June 2022

Corporates in the United States installed nearly 19 GW of onsite and offsite solar capacity cumulatively till June 2022. This includes 25 leading U.S.-based companies like Meta, Amazon, and Walmart ...
/ / Other, Renewable Energy
UK’s Energy Storage Sector Gets £32 Million to Develop Innovative Technologies

UK’s Energy Storage Sector Gets £32 Million to Develop Innovative Technologies

The UK government has announced £32.9 million (~$39.4 million) funding for projects in the country that are developing innovative energy-storage system (ESS) technologies to strengthen the national power grid. Five ...
/ / Other, Renewable Energy
US to Help Underserved Communities with $550 Million Clean Energy Fund

US to Help Underserved Communities with $550 Million Clean Energy Fund

The U.S. Department of Energy (DOE) has launched the Energy Efficiency and Conservation Block Grant (EECBG) program, which provides $550 million in renewable energy funding for 2,700 diverse communities in ...
/ / Other, Renewable Energy
HealthCare Global Enterprises Installs 2.25 MW Solar Project to Save Energy Costs

HealthCare Global Enterprises Installs 2.25 MW Solar Project to Save Energy Costs

Healthcare Global Enterprises Limited (HCG), which runs cancer care centers among other health facilities, has installed a 2.25 MW solar power project in Jagaluru village in the Davanagere district of ...
/ / Other, Renewable Energy
Actis’ Renewable Business Acquires 404 MW Solar Portfolio from Atha Group

Actis’ Renewable Business Acquires 404 MW Solar Portfolio from Atha Group

Private equity firm Actis-backed BluPine Energy acquired 404 MW of solar assets from Kolkata-based mining company Atha Group. The company’s operational solar portfolio is spread across India. Actis said that ...
/ / Finance and M&A, Solar
Energy Consumption from Rooftop Solar Systems to Grow Nine Times by 2031-32: CEA

Energy Consumption from Rooftop Solar Systems to Grow Nine Times by 2031-32: CEA

Energy consumption from rooftop solar installations is estimated to reach 55.8 billion units (BU) by the year 2031-32, a nine-fold jump from 6 BU in 2021-22, the latest Electric Power ...
/ / Markets & Policy, Solar
Microsoft to Buy 900 MW Renewable Power for its Ireland Data Centers

Microsoft to Buy 900 MW Renewable Power for its Ireland Data Centers

Microsoft Corporation has signed power purchase agreements (PPAs) to procure 900 MW of renewable capacity in Ireland to power its data centers in the country. The company said Ireland data ...
/ / Other, Renewable Energy
Battery Manufacturing Startup Clean Electric Raises $2.2 Million in Seed Fund

Battery Manufacturing Startup Clean Electric Raises $2.2 Million in Seed Fund

Clean Electric raised $2.2 million in a seed round led by a Bengaluru-based early-stage venture capital firm Kalaari Capital, to produce 5,000 electric vehicles (EV) battery packs monthly from a ...
US Announces a $13 Billion Fund to Expand and Modernize Electric Grid

US Announces a $13 Billion Fund to Expand and Modernize Electric Grid

The Biden administration, through the U.S. Department of Energy (DOE), has announced $13 billion to expand and upgrade the national electric grid. Funded by the President’s Bipartisan Infrastructure Law, the ...
/ / Other, Renewable Energy
Indian Corporates Are Top Green Energy Buyers In the Asia Pacific Region

Indian Corporates are Top Green Energy Buyers in the Asia Pacific Region

India led the corporate renewable procurement market in the Asia Pacific (APAC) region for the second consecutive year by procuring 8.1 GW of capacity, according to a Wood Mackenzie report ...
/ / Other, Renewable Energy
Jinko Solar Achieves Record Conversion Efficiency of 26.1% in N-type TOPCon Module

Jinko Solar Achieves Record Conversion Efficiency of 26.1% in N-type TOPCon Module

China-based solar cell and module manufacturer Jinko Solar announced achieving a record maximum solar conversion efficiency of 26.1% in its 182 mm N-type module, which is Jinko's latest TOPCon (tunnel ...
/ / Solar, Technology
New South Wales Tender Receives Bids for 8 GW of Wind, Solar and Storage Projects

New South Wales Tender Receives Bids for 8 GW of Wind, Solar and Storage Projects

The Australian Energy Market Operator (AEMO) Services has received bids for over 8 GW of wind, solar, and long-duration storage projects in the first round of the inaugural tendering process ...
/ / Other, Renewable Energy
Torrent Power’s Profit Up by 32% on Higher Electricity Demand, Reduced T&D Losses

Torrent Power’s Profit Up by 32% on Higher Electricity Demand, Reduced T&D Losses

Gujarat-based power company Torrent Power’s profit increased year-over-year (YoY) by 32% to ₹4.8 billion (~$60.04 million) in the second quarter (Q2) of the financial year (FY) 2022-23 due to a ...
Soltec Power Swings to €14.5 Million Profit in Q3 on Better Demand

Brookfield Renewable’s Net Loss Widens to $136 Million in Q3

Canada-based renewable energy investor Brookfield Renewable Partners' net loss widened year-over-year (YoY) by 19% to $136 million in the third quarter (Q3) of 2022 from $115 million. The company attributed ...
/ / Other, Renewable Energy
FTC Solar’s Q3 Loss Widens to $25.6 Million

FTC Solar’s Q3 Loss Widens to $25.6 Million

U.S.-based solar tracker systems provider FTC Solar’s Q3 GAAP (generally accepted accounting principles) net loss widened to $25.6 million compared to $22.9 year-over-year (YoY) due to low demand induced by ...
/ / Finance and M&A, Solar
Zinc Battery Maker Eos Energy Reports $70.7 Million Loss in Q3, Ramps Production

Zinc Battery Maker Eos Energy Reports $70.7 Million Loss in Q3, Ramps Production

U.S-based sustainable zinc-based energy storage solutions provider Eos Energy Enterprises reported a net loss of $70.7 million for the third quarter (Q3) of 2022 due to the ongoing production ramp-up ...
/ / Finance and M&A, Other
SunPower Swings To $139 Million Profit in Q3 Owing to Record Customer Additions

SunPower Swings To $139 Million Profit in Q3 Owing to Record Customer Additions

Distributed generation storage and energy services provider SunPower Corporation posted a net income of $139 million for the third quarter (Q3) of 2022, compared with a loss of $84.4 million ...
Wacker Group’s Polysilicon Segment Sales in Q3 Grew By 51% YoY

Wacker Group’s Polysilicon Segment Sales in Q3 Grew By 51% YoY

Munich-based chemical conglomerate Wacker Chemie AG’s third quarter (Q3) net income came in at €259 million (~$258.5 million), down 2.2% year-over-year (YoY) due to higher prices for energy and raw ...
/ / Finance and M&A, Solar
Smart Energy Storage Company Stem’s Q3 Revenue Up 150% On Higher Hardware Sales

Smart Energy Storage Company Stem’s Q3 Revenue Up 150% On Higher Hardware Sales

Smart energy storage company Stem reported revenue of $100 million in Q3 FY 2022, a jump of 150% year-over-year (YoY) primarily due to higher hardware sales from Front-of-the-Meter (FTM) and ...
/ / Other, Renewable Energy
GreenCell Raises $40 Million Funding from ADB to Develop Electric Buses

GreenCell Raises $40 Million Funding from ADB to Develop Electric Buses

The Asian Development Bank (ADB) has inked a $40 million financing package with India-based shared electric mobility company GreenCell Express (GEPL) to develop 255 battery-powered electric buses (e-buses). The e-buses ...
/ / Electric Vehicles, Grid
Coal Plant in South Africa to be Repurposed with 220 MW of Solar, Wind and Battery Capacity

Coal Plant in South Africa to be Repurposed with 220 MW of Solar, Wind and Battery Capacity

The World Bank Group (WBG) recently approved South Africa’s request for a $497 million project to decommission and repurpose the Komati coal-fired power plant using renewable sources and batteries. The ...
/ / Other, Renewable Energy
solarZero Trades Energy Grid Stability Services from its VPP in New Zealand's Exchange

solarZero Trades Energy Grid Stability Services from its VPP in New Zealand’s Exchange

New Zealand's solar and battery storage solutions provider solarZero said it had traded energy grid stability services from its virtual power plant (VPP) in the Electricity Reserves Market. In what ...
Scatec Q3 Revenue Up 10% YoY Driven Increased Hydropower Sales in the Philippines

Scatec Q3 Revenue Up 10% YoY Driven By Increased Hydropower Sales in the Philippines

Norwegian independent power producer Scatec posted consolidated revenue of NOK 1,163 million (~$110.6 million) for Q3, 2022, an increase of 10% year-over-year (YoY) primarily due to better power sales at ...
/ / Other, Renewable Energy
More Lower Income Households Adopted Solar in the US Between 2010-2021

More Lower Income Households Adopted Solar in the US Between 2010-2021

A higher share of households with lower incomes in the U.S. have been adopting solar over the past 11 years, which has brought down the median household income for solar ...