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

Singapore-based Solar Developer SUN Energy Raises $25 Million in Series A Funding

Singapore-based Solar Developer SUN Energy Raises $25 Million in Series A Funding

SUN Energy, a Singapore-based solar project developer, has raised $25 million in a Series A funding round. TBS Energy Utama, through its subsidiary PT Toba Bara Energi, led the funding ...
/ / Finance and M&A, Solar
Canadian Solar’s Module Shipments Up 22% YoY in Q3 2021

Canadian Solar’s Module Shipments Up 22% YoY in Q3 2021

Canada-based module manufacturer Canadian Solar reported net revenue of $1.229 billion in the third quarter (Q3) of  2021, a 34% year-over-year (YoY) increase over $914.36 million in Q3 2020. The company said ...
/ / Finance and M&A, Solar
Indian Solar Imports Surge 448% to $1.97 Billion in 9M 2021 as Installations Pickup

Indian Solar Imports Surge 448% to $1.97 Billion in 9M 2021 as Installations Pick Up

Imports of solar cells and modules increased by 448% to $1.97 billion in the first nine months (9M) of the calendar year (CY) 2021. India had imported solar cells and ...
/ / Mercom Research Focus, Other
Indian Oil Floats Tender to Develop Green Hydrogen Generation Projects

Indian Oil Floats Tender to Develop Green Hydrogen Generation Projects

Indian Oil Corporation Limited (IOCL) has issued a global tender to develop green hydrogen generation facilities on a build, own, operate (BOO) basis at its refineries in Mathura, Uttar Pradesh, ...
/ / Other, Renewable Energy
BHEL Issues Tender to Procure Modules for a 100 MW Solar Project

BHEL Issues Tender to Procure Modules for a 100 MW Solar Project

Bharat Heavy Electricals Limited (BHEL) has issued an expression of interest (EoI) for the supply of mono or multicrystalline solar modules for a 100 MW solar project of the Gujarat ...
/ / Solar, Tenders & Auctions
Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

Array Tech to Acquire Solar Tracker Manufacturer STI Norland for $652 Million

Array Technologies, a U.S.-based solar tracking systems manufacturer, has signed an agreement to acquire Soluciones Técnicas Integrales Norland (STI Norland) for €570 million (~$652.16 million) in cash and stock. The ...
/ / Finance and M&A, Solar
Consumer Power Tariffs to be Hiked Automatically When DISCOM Power Purchase Costs Rise

Consumer Power Tariffs to be Hiked Automatically When DISCOM Power Purchase Costs Rise

The Ministry of Power (MoP) has notified Electricity (Timely Recovery of Costs due to Change in Law) Rules, 2021, and asked states to allow distribution companies (DISCOMs) to pass on ...
/ / Grid, Market & Policy
Solar Generation Jumps 18% YoY to 51.67 BU in 9M 2021

Solar Generation Jumps 18% YoY to 51.67 BU in 9M 2021

India generated around 51.67 BU of solar power in the first nine months (9M) of the calendar year (CY) 2021, an 18% year-over-year (YoY) increase compared to 43.97 BU in ...
/ / Mercom Research Focus, Other
Daily News Wrap-up: MNRE Updates List of Solar Module Manufacturers Under ALMM

Daily News Wrap-up: MNRE Updates List of Solar Module Manufacturers Under ALMM

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of New and Renewable Energy has issued an updated list of models and module manufacturers ...
/ / Other, Renewable Energy
India’s Transition to a Net-Zero Economy Offers $15 Trillion Investment Opportunity

India’s Transition to a Net-Zero Economy Offers $15 Trillion Investment Opportunity

India’s transition towards a net-zero economy can contribute over $1 trillion by 2030 and $15 trillion by 2070 in economic impact, the World Economic Forum (WEF) has said in a ...
/ / Other, Renewable Energy
Biofuel Trading Platform Buyofuel Raises ₹16 Million in a Seed Funding Round

Biofuel Trading Platform Buyofuel Raises ₹16 Million in a Seed Funding Round

Buyofuel, an Indian online marketplace for biofuel and wastes, raised over ₹16 million (~$214,887) in a seed funding round led by Inflection Point Ventures (IPV). The funding will be utilized ...
/ / Finance and M&A, Other
BHEL Issues O&M Tender for 1.1 MW of Rooftop Solar Projects

BHEL Issues O&M Tender for 1.1 MW of Rooftop Solar Projects

Bharat Heavy Electricals Limited (BHEL) has invited bids for the operation and maintenance (O&M) of 1.1 MW of rooftop solar projects in Uttar Pradesh and Jharkhand. Of this, 630 kW ...
/ / Solar, Tenders & Auctions
Sungrow, Sineng and TBEA – Top Solar Inverter Suppliers in 1H 2021

Sungrow, Sineng and TBEA – Top Solar Inverter Suppliers in 1H 2021

Sungrow, Sineng Electric, and TBEA Energy were the top solar inverter suppliers in the Indian solar market in the first half (1H) of the calendar year (CY) 2021, according to Mercom’s recently released India ...
/ / Inverters & BOS, Solar
IEX’s Green Market Trades 372 MU of Renewable Energy in October

IEX’s Green Market Trades 372 MU of Renewable Energy in October

The Indian Energy Exchange (IEX) traded 372.4 million units (MU) of renewable energy in October 2021, a 31% month-over-month (MoM) decline compared to 543 MU in September. The exchange saw ...
/ / Grid, Market & Policy
Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii

Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii

Plus Power, a U.S.-based renewable energy company, said it had closed a credit facility for its 185 MW/565 MWh Kapolei Energy Storage project in Hawaii. The company has signed a ...
/ / Energy Storage, Large Scale
ADT to Enter US Rooftop Solar Market Acquiring Sunpro Solar for $825 Million

ADT to Enter US Rooftop Solar Market Acquiring Sunpro Solar for $825 Million

ADT, a U.S.-based electronic security provider for residences and small and large businesses, has signed an agreement to acquire Sunpro Solar for $160 million in cash and 77.8 million shares of ...
/ / Finance and M&A, Solar
Jakson to Scale Up its Module Manufacturing Facility to 1 GW by 2022 Interview

Jakson to Scale Up its Module Manufacturing Facility to 1 GW by 2022: Interview

The Indian solar market is steadily recovering after facing several challenges due to the Covid-19 pandemic and subsequent lockdowns in the past two years. According to Mercom's Q2 2021 India Solar ...
/ / Grid, Market & Policy
Tender Floated for 40 MW of Solar Projects Under KUSUM Program in Kerala

Tender Floated for 40 MW of Solar Projects Under KUSUM Program in Kerala

The Kerala State Electricity Board Limited (KSEBL) has issued a request for selection (RfS) of renewable power generators to develop 40 MW of solar projects of 500 kW and 2 ...
/ / Solar, Tenders & Auctions
Australia has Highest Solar Per Capita with 810 WPerson Report

Australia has Highest Solar Per Capita with 810 W/Person: Report

Australia leads the world in solar per capita with 810 W per person, the Australian PV Institute has said in a recent report. Germany with 650 W per person is ...
/ / Markets & Policy, Solar
Kerala Floats Tender to Empanel Installers of Off-Grid and Grid-Connected Solar Systems

Kerala Floats Tender to Empanel Installers of Off-Grid and Grid-Connected Solar Systems

The Kerala State Electronics Development Corporation Limited (KELTRON) has floated a rate contract tender to empanel vendors to install and commission solar power projects. The last date to submit bids ...
/ / Solar, Tenders & Auctions
Rooftop Solar Plus Storage Can Save C&I Consumers from Power Cuts

Rooftop Solar Plus Storage Can Save C&I Consumers from Power Cuts

India is staring at a power crisis as coal stocks at thermal plants are depleting. The Power and Coal ministries, on their part, have said that the fears of a ...
Tata Power, Fourth Partner, Amplus, Orb Energy - Top Rooftop Solar Installers in 1H 2021

Tata Power, Fourth Partner, Amplus, Orb Energy – Top Rooftop Solar Installers in 1H 2021

Tata Power Solar, Fourth Partner Energy, Amplus Solar, and Orb Energy were the top rooftop solar installers in India in the first half of the calendar year (CY) 2021, according ...
South Africa Allocates 2.58 GW of Wind and Solar Projects in REIPPP Auction

South Africa Allocates 2.58 GW of Wind and Solar Projects in REIPPP Auction

South Africa has selected 25 wind and solar power projects to be developed by private developers under its renewable energy independent power producer procurement program (REIPPPP). The projects amount to ...
/ / Solar, Tenders & Auctions
Power Sale Agreement Between SECI and GRIDCO for 270 MW of Solar Approved

Power Sale Agreement Between SECI and GRIDCO for 270 MW of Solar Approved

The Odisha Electricity Regulatory Commission (OERC) has approved the power sale agreement (PSA) executed between the Solar Energy Corporation of India (SECI) and Grid Corporation of Odisha (GRIDCO). The PSA ...
/ / Markets & Policy, Solar
EDP Renewables Acquires Majority Stake in Sunseap at $815 Million Valuation

EDP Renewables Acquires Majority Stake in Sunseap at $815 Million Valuation

EDP Renewables (EDPR), a Spain-based renewable energy company, has acquired a majority stake in Singapore-based solar energy company Sunseap. The deal values Sunseap at S$1.1 billion (~$815.18 million). With this investment, ...
/ / Finance and M&A, Solar