Author Archives: Rahul Nair

About Rahul Nair

Rahul is a staff reporter at Mercom India. Before entering the world of renewables, Rahul was head of the Gujarat bureau for The Quint. He has also worked for DNA Ahmedabad and Ahmedabad Mirror. Hailing from a banking and finance background, Rahul has also worked for JP Morgan Chase and State Bank of India. More articles from Rahul Nair.

rahul@mercomindia.com

@lateralparabola

Bharat Forge Invests ₹113.75 Million in Avaada’s Group Captive Open Access Solar Project

Bharat Forge Invests ₹113.75 Million in Avaada’s Group Captive Open Access Solar Project

A Pune-based multinational infrastructure company, Bharat Forge Limited, has invested ₹113.75 million (~$1.51 million) in Avaada SataraMH Private Limited (ASPL). The investment represents 8.98% of ASPL's paid-up equity capital. The ...
/ / Finance and M&A, Solar
Agartala to House North East's First Solar-Powered Airport

Agartala to House North East’s First Solar-Powered Airport

The Tripura Electricity Regulatory Commission (TERC) has approved a 2 MW solar project at the newly constructed terminal at Agartala's Maharaj Bir Bikram (MBB) Airport. The terminal will become operational ...
/ / Off-grid, Solar
Reduced Lock-In Period for Solar Projects Could Spur Foreign Investments and Liquidity

Reduced Lock-In Period for Solar Projects Could Spur Foreign Investments and Liquidity

In October 2020, the Ministry for New and Renewable Energy (MNRE) released a series of amendments related to the tariff-based competitive bidding process to procure power from grid-connected solar projects ...
/ / Markets & Policy, Solar
Indian Forms Committee to Oversee Implementation of the Paris Agreement

India Forms Committee to Oversee Implementation of the Paris Agreement

The Ministry of Environment, Forest and Climate Change (MoEFCC) has constituted a high-level inter-ministerial Apex Committee for the Implementation of the Paris Agreement (AIPA). The Secretary of MoEFCC will lead ...
/ / Other, Renewable Energy
United States Levies 120% Import Duty on Silicon Imports from Kazakhstan

United States Levies 120% Import Duty on Silicon Imports from Kazakhstan

The U.S. Department of Commerce said it would impose preliminary duties of 120% on all silicon metal imports from Kazakhstan. American silicon manufacturers like the U.S. based subsidiary of Ferroglobe ...
/ / Markets & Policy, Solar
Residential Rooftop Solar Loans_ All You Need to Know

Residential Rooftop Solar Loans: All You Need to Know

In the fourth article of our series covering all you need to know about rooftop solar systems, we focus on ways to finance your residential rooftop system. This write-up will ...
/ / Consumers, Solar
Robotic Solar Solutions Maker Ecoppia Launches IPO on Tel Aviv Stock Exchange

Robotic Solar Solutions Maker Ecoppia Launches IPO on Tel Aviv Stock Exchange

Ecoppia, a robotic cleaning solutions provider for large-scale solar installations, launched an initial public offering (IPO) on the Tel Aviv Stock Exchange (TASE). Ecoppia secured $82.5 million from leading institutional ...
/ / Finance and M&A, Solar
Nigeria to Set Up Hybrid Solar Projects for Seven Universities

Nigeria to Set Up Hybrid Solar Projects for Seven Universities

Nigeria’s Rural Electrification Agency (REA) has revised the deadline for its Nigeria Electrification Project (NEP). Under NEP, the Nigerian government plans to develop solar hybrid power stations at seven universities, ...
/ / Solar, Utility Scale
Electric Two-Wheelers Can Now Operate as Taxis

Electric Two-Wheelers Can Now Operate as Taxis

According to the latest motor vehicle aggregators guidelines, the government will now allow two-wheelers running on electricity or alternate fuels (such as bio-ethanol) to be operated as taxis. According to ...
/ / Electric Vehicles, Grid
Hitachi ABB Power Grids and Ashok Leyland Partner for an E-Bus Pilot at IIT Madras

Hitachi ABB Power Grids and Ashok Leyland Partner for an E-Bus Pilot at IIT Madras

Hitachi ABB Power Grids has signed a memorandum of understanding  (MoU) with Ashok Leyland and the Indian Institute of Technology Madras (IITM) for an e-mobility pilot project. Under the tripartite ...
/ / Electric Vehicles, Grid
Telangana Finalizes Demand-Side Management Regulations for Distribution Licensees

Telangana Finalizes Demand-Side Management Regulations for Distribution Licensees

The Telangana State Electricity Regulatory Commission (TSERC) has released the final regulations for the demand-side management (DSM) initiatives of distribution licensees (DISCOMS). The DSM initiative is designed to encourage consumers ...
/ / Grid, Market & Policy
South Delhi Civic Body Partners with NTPC to Install Solar Systems on 200 Buildings

South Delhi Civic Body Partners with NTPC to Install Solar Systems on 200 Buildings

The South Delhi Municipal Corporation (SDMC) and NTPC have signed a memorandum of understanding (MoU) to install solar systems on over 200 SDMC buildings to save on power bills and ...
/ / Off-grid, Solar
Okaya Bags EESL Contract to Set Up 1,020 EV Charging Stations Across India

Okaya Bags EESL Contract to Set Up 1,020 EV Charging Stations Across India

Okaya Power has bagged a World Bank-funded contract from the state-run Energy Efficiency Services Limited (EESL) to deploy 1,020 electric vehicle (EV) charging stations across the country. EESL falls under ...
/ / Electric Vehicles, Grid
Biocon to Procure Solar Via Open Access Under Group Captive Model From Hinduja Renewables

Biocon to Procure Solar Via Open Access Under Group Captive Model From Hinduja Renewables

Bengaluru-based biopharmaceutical company Biocon Limited will acquire a 26% equity stake in Hinduja Renewables Two Private Limited (HRTPL). Biocon would shell out ₹59 million (~$799,085) to purchase the stake, and ...
/ / Finance and M&A, Solar
Airtel Buys 5.2% Stake in Avaada Energy’s Special Purpose Vehicle for Solar Projects

Airtel Buys 5.2% Stake in Avaada Energy’s Special Purpose Vehicle for Solar Projects

Telecommunications giant Bharti Airtel said it signed an agreement to acquire equity shares in Avaada MHBuldhana Private Limited- a special purpose vehicle (SPV) for solar projects. The SPV was formed ...
/ / Finance and M&A, Solar
Tender Issued for 733 Solar Street Lighting Systems in Nainital

Tender Issued for 733 Solar Street Lighting Systems in Nainital

Uttarakhand Renewable Energy Development Agency (UREDA) issued tender inviting bids for approximately 733 solar street lighting systems in Nainital. The contract includes a five-year warranty and comprehensive maintenance as well ...
/ / Solar, Tenders & Auctions
CERC Seeks Proposals from Consultants for Detailed Study of Solar Thermal and PV Projects

CERC Seeks Proposals from Consultants for Detailed Study of Solar Thermal and PV Projects

The Central Electricity Regulatory Commission (CERC) has decided to engage a consulting agency to conduct a detailed study on solar thermal and solar photovoltaic (PV) projects. The study's objective is ...
/ / Markets & Policy, Solar
Canadian Solar's Financial Report Acknowledges Raw Material Shortage Affecting Prices

Canadian Solar’s Financial Report Acknowledges Raw Material Shortage Affecting Prices

Global solar module supplier and project developer Canadian Solar has reported a strong performance in its financial results for the quarter ended September 30, 2020. The module manufacturer said it ...
/ / Finance and M&A, Solar
Trina and Tongwei Sign a $2.3 Billion Deal to Ramp up Solar Cell and Wafer Production

Trina and Tongwei Sign a $2.3 Billion Deal to Ramp up Solar Cell and Wafer Production

Trina Solar, a global PV and smart energy solution provider, announced a joint venture with solar cell manufacturer Tongwei. The joint venture enables Trina Solar to collaborate with Tongwei subsidiary ...
/ / Finance and M&A, Solar
Battery Storage Solutions Provider Form Energy Raises $70 Million

Battery Storage Solutions Provider Form Energy Raises $70 Million

Massachusetts-based Form Energy – a startup focusing on making battery systems that can store renewable energy (solar and wind) for longer durations – said it received its largest funding yet ...
/ / Energy Storage, Market & Policy
Karnataka Regulator Retains Tariff of ₹4.79_kWh for Adani's 40 MW of Solar Projects

Karnataka Regulator Retains Tariff of ₹4.79/kWh for Adani’s 40 MW of Solar Projects

The Karnataka Electricity Regulation Commission (KERC) passed two orders in favor of Adani Green Energy Limited's (AGEL) two projects of 20 MW each. The distribution companies (DISCOMs)- Hubli Electricity Supply ...
/ / Markets & Policy, Solar
NITI Aayog Prepares Bid Invitation Proposal for Advanced Chemistry Cell Manufacturing

NITI Aayog Prepares Bid Invitation Proposal for Advanced Chemistry Cell Manufacturing

The NITI Aayog has issued a draft request for proposal (RfP) to prospective bidders who can manufacture advanced chemistry cells (ACCs) in the country. All stakeholders are requested to provide ...
Net Metering Removal for Rooftop Solar Systems Over 5 kW Will Be Disastrous: Installers

Net Metering Removal for Rooftop Solar Systems Over 5 kW Will Be Disastrous: Installers

In September 2020, the Ministry of Power (MoP) released draft electricity rules 2020 to streamline power supply and distribution. One of the critical points in the draft revolves around gross ...
/ / Rooftop, Solar
How Carbon Dioxide Gas Can Help Develop High-Performance Solar Cells

How Carbon Dioxide Gas Can Help Develop High-Performance Solar Cells

A group of researchers from the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia said they discovered a process for depositing silicon oxide on silicon wafers to ...
/ / Solar, Technology
Sun Exchange’s 1.9 MW Solar-Plus-Storage Project For Zimbabwe's Vegetable Exporter

Sun Exchange’s 1.9 MW Solar-Plus-Storage Project For Zimbabwe’s Vegetable Exporter

Zimbabwe’s leading fruit and vegetable exporter, Nhimbe Fresh, struck a deal with South African solar leasing platform Sun Exchange to install 1.9 MW of solar-plus-storage project for its cold store ...
/ / Off-grid, Solar