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.
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 ...
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 ...
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 ...
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 ...
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
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 ...
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 ...
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 ...
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
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
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 ...
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
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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 ...
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 ...
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 ...
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 ...
