Author Archives: Harsh Shukla

About Harsh Shukla

Harsh is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune. More articles from Harsh Shukla.

harsh@mercomindia.com

@h77shukla

Himachal Pradesh Reduces Levelized Tariffs for Solar Projects up to 5 MW

Himachal Pradesh Reduces Levelized Tariffs for Solar Projects Up to 5 MW

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has issued a generic levelized tariff for solar projects (up to 5 MW) for the financial year (FY) 2021-22. The Commission also sought ...
/ / Markets & Policy, Solar
Fourth Partner Energy Acquires 8.9 MW Distributed Solar Portfolio from Statkraft

Fourth Partner Energy Acquires 8.9 MW Distributed Solar Portfolio from Statkraft

Distributed solar company Fourth Partner Energy announced that it has acquired distributed solar portfolio with an 8.9 MWdc capacity from Statkraft India. Of this capacity, 5 MW is an open access solar project ...
/ / Finance and M&A, Solar
AIIB Approves $50 Million Loan for Enel Green Energy's 300 MW Solar Project

AIIB Approves $50 Million Loan for Enel Green Energy’s 300 MW Solar Project

The Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, announced that it has approved a $50 million loan facility to Italy-based Enel Green Power to develop a 300 MW solar project ...
/ / Finance and M&A, Solar
SECI Pays ₹6.61 Billion to Solar and Wind Developers for Power Purchased in June

SECI Pays ₹6.61 Billion to Solar and Wind Developers for Power Purchased in June

The Solar Energy Corporation of India (SECI) paid around ₹6.61 billion (~$89 million) to solar and wind developers for the power it purchased in June 2021, according to the data ...
/ / Markets & Policy, Solar
South Korea Allocates Over 2 GW of Solar Projects in Latest Auction

South Korea Allocates Over 2 GW of Solar Projects in Latest Auction

The Korean New and Renewable Energy Center (KNERC), a division of Korea Energy Agency, has announced that it has allocated 2.05 GW of solar capacity in its latest auction. In ...
Odisha DISCOMs and GRIDCO to Auction Surplus Power to Industries in the State

Odisha DISCOMs and GRIDCO to Auction Surplus Power to Industries in the State

The Odisha Electricity Regulatory Commission (OERC) directed Grid Corporation of Odisha (GRIDCO) to find a reasonable tariff to sell surplus power to industries in the state by following a transparent ...
/ / Grid, Market & Policy
SECI Floats O&M Tender for 1 MW of Rooftop Solar Projects in Port Blair

SECI Floats O&M Tender for 1 MW of Rooftop Solar Projects in Port Blair

The Solar Energy Corporation of India (SECI) has issued a tender for the operation and maintenance (O&M) of 1 MW grid-connected rooftop solar projects at Port Blair, Andaman and Nicobar ...
/ / Rooftop, Solar
Demand Incentives of ₹2.54 Billion Provided to Deploy 85,626 Electric Vehicles

Demand Incentives of ₹2.54 Billion Provided to Deploy 85,626 Electric Vehicles

The Union Minister Krishan Pal Gurjar, responding to a question in the Lok Sabha, stated that the government has supported the deployment of 85,626 electric vehicles (EVs) through demand incentives ...
/ / Electric Vehicles, Grid
Corporate Funding for Battery Storage Firms Jumps to $9.6 Billion in 1H 2021

Corporate Funding for Battery Storage Firms Jumps to $9.6 Billion in 1H 2021

Global corporate funding, including venture capital (VC) funding, public market, and debt financing for battery storage, smart grid, and efficiency companies in the first half (1H) of 2021, was up ...
Equity Lock-in Period Should be Removed to Boost Foreign Direct Investments in Solar

Equity Lock-in Period Should be Removed to Boost Foreign Direct Investments in Solar

Removing the one-year lock-in period for controlling shareholding could help increase investment flow into the solar market in India, which sorely needs it. A 'controlling shareholding' is the ownership (directly ...
Daily News Wrap-Up: Ecuador to Scale its Renewable Energy Tender from 200 MW to 500 MW

Daily News Wrap-Up: Ecuador to Scale its Renewable Energy Tender from 200 MW to 500 MW

Here are some noteworthy cleantech announcements of the day from around the world: The government of Ecuador has raised the targeted capacity in the 2021 renewable energy tender to 500 ...
/ / Other, Renewable Energy
Germany Allocates 665 MW of Solar Projects in Latest Auction

Germany Allocates 665 MW of Solar Projects in Latest Auction

German Federal Network Agency Bundesnetzagentur has announced the auction results for ground-mounted and rooftop solar projects. The last date for the submission of bids was June 1, 2021. The maximum value for ...
Industrial Consumer’s Plea to Expand Existing Solar Project Capacity Rejected

Industrial Consumer’s Plea to Expand Existing Solar Project Capacity Rejected

The Joint Electricity Regulatory Commission (JERC) for the state of Goa and union territories, in a recent order, has dismissed a high-tension (HT) industrial consumer’s petition, to increase the solar project ...
/ / Market & Policy, Solar
Rate Contract Tender Floated for 2.5 MW Rooftop Solar Projects in Kerala

Rate Contract Tender Floated for 2.5 MW Rooftop Solar Projects in Kerala

The Agency for New and Renewable Energy Research and Technology (ANERT) has issued a tender for the rate contract of 2.5 MW of grid-connected rooftop solar systems. The capacity of ...
/ / Rooftop, Solar
Decoding the Economics Behind Open Access Solar Market in India

Decoding the Economics Behind Open Access Solar Market in India

Open access solar installations in India totaled 419 MW in the first quarter (Q1) of calendar year (CY) 2021. The cumulative solar installation in the open access market reached 4.3 ...
/ / Off-grid, Solar
Solar Value Down by 37% in California Due to Value Deflection: Report

Solar Value Down by 37% in California Due to Value Deflection: Report

The value of solar has fallen by about 37% compared to other power generation sources in California, said The Breakthrough Institute in its latest report. The report said California’s 20% power comes ...
/ / Markets & Policy, Solar
Electric Scooter Maker Hero Electric Raises ₹2.2 Billion in Series B Funding

Electric Scooter Maker Hero Electric Raises ₹2.2 Billion in Series B Funding

Electric scooter manufacturer Hero Electric has announced that it has raised ₹2.2 billion (~$29.5 million) as the first part of its Series B funding. Gulf Islamic Investments (GII) and Hero ...
/ / Electric Vehicles, Grid
Levelized Tariff of ₹2.789/kWh Approved for 21 MW of Slop-Based Power Projects

Levelized Tariff of ₹2.789/kWh Approved for 21 MW of Slop-Based Power Projects

The Uttar Pradesh Electricity Regulatory Commission (UPERC), in a recent order, has approved Uttar Pradesh Power Corporation Limited (UPPCL) adopting the levelized tariff of ₹2.798 (~$0.038)/kWh discovered through a competitive ...
/ / Other, Renewable Energy
Energy Storage Start-Up Indi Energy Raises Seed Funding from Mumbai Angels

Energy Storage Start-Up Indi Energy Raises Seed Funding from Mumbai Angels

Indi Energy, an Indian energy storage start-up, has raised an undisclosed amount in seed funding from Mumbai Angels Network, a start-up investment platform for early-stage venture investment. Indi Energy said it ...
/ / Finance and M&A, Other
Global Climate-Aligned Bond Issuance Reached $913.2 Billion in 2020: Report

Global Climate-Aligned Bond Issuance Reached $913.2 Billion in 2020: Report

In 2020, 420 climate-aligned issuers issued climate bonds of $913.2 billion, Climate Bonds Initiative, a London-based non-profit research organization, said in its latest report. The climate-aligned market is around half of ...
/ / Other, Renewable Energy
Regulator Approves Tariff of ₹2.22kWh Discovered in Torrent’s 300 MW Solar Auction

Regulator Approves Tariff of ₹2.22/kWh Discovered in Torrent’s 300 MW Solar Auction

The Gujarat Electricity Regulatory Commission (GERC) has approved Torrent Power to adopt the tariff discovered through a competitive bidding process for procuring power from grid-connected solar photovoltaic (PV) projects in ...
Thailand’s PTT Group Acquires 41.6% Stake in Avaada’s Solar Portfolio for $453 Million

Thailand’s PTT Group Acquires 41.6% Stake in Avaada’s Solar Portfolio for $453 Million

Global Power Synergy Public Company Limited (GPSC), a power subsidiary of Thailand-based PTT Group, announced that its subsidiary Global Renewable Synergy Company (GRSC) has acquired a 41.6% stake in renewable ...
/ / Finance and M&A, Solar
Tata Power to Install a 10 MW Captive Solar Project for CEAT Tires

Tata Power to Install a 10 MW Captive Solar Project for CEAT Tyres

CEAT, a multinational tyre manufacturing company, has engaged Tata Power to develop a 10 MW captive solar project at Tata Power’s Solapur site in Maharashtra. CEAT will procure electricity from ...
/ / Markets & Policy, Solar
Reliance New Energy Solar Incorporated as the Wholly-Owned Subsidiary of Reliance Inds (1)

Reliance New Energy Solar Incorporated as the Wholly-Owned Subsidiary of Reliance Inds

Reliance Industries Limited (RIL) has formed Reliance New Energy Solar Limited (RNESL), investing ₹100,000 (~$1342) for 10,000 equity shares of ₹10 (~$0.13) each. In its BSE filing, the company said ...
/ / Markets & Policy, Solar
Andhra Pradesh to Procure 25,000 Electric Two-Wheelers For Government Employees

Andhra Pradesh to Procure 25,000 Electric Two-Wheelers For Government Employees

New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has signed an agreement with Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), to ...
/ / Electric Vehicles, Grid