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

IEA Expects Annual Global Energy Investments to Hit $1.9 Trillion in 2021

IEA Expects Annual Global Energy Investments to Hit $1.9 Trillion in 2021

The International Energy Agency (IEA) has released its latest report on ‘World Energy Investment 2021’. According to the report, the annual global energy investment is set to rise to $1.9 ...
/ / Other, Renewable Energy
Explosion at Hoshine Silicon’s Polysilicon Plant in China Threatens Supply

Explosion at Hoshine Silicon’s Polysilicon Plant in China Threatens Supply

A massive explosion was reported at a polysilicon factory in the city of Shihezi in China’s Xinjiang region. The plant produces raw materials for polysilicon used in the production of ...
/ / Manufacturing, Solar
Delhi Reels Under Rising Pollution Levels and Soaring Mercury

Delhi Reels Under Rising Pollution Levels and Soaring Mercury

On Wednesday, June 9, 2021, temperatures in Delhi peaked at 42.2° Celsius as the heatwave gripped the nation’s capital. With high temperatures before the onset of monsoon being quite a ...
/ / Other, Renewable Energy
Biofuel Company Greenjoules Raises $4.52 Million from Blue Ashva Capital

Biofuel Company Greenjoules Raises $4.52 Million from Blue Ashva Capital

Pune-based biofuel company Greenjoules has raised ₹330 million (~$4.52 million) in a 'Series A' round of funding from Blue Ashva Capital through its Blue Ashva Sampada Fund. Blue Ashva Capital ...
/ / Finance and M&A, Other
Consider USD-INR Exchange Rate Escalation for Round-The-Clock Renewable Bid NSEFI

Consider USD-INR Exchange Rate Escalation for Round-The-Clock Renewable Bid: NSEFI

The National Solar Energy Federation of India (NSEFI), an umbrella organization of all solar energy stakeholders of India, wrote to the Ministry of Power (MoP) to consider the U.S. dollar ...
/ / Other, Renewable Energy
US Energy Storage Market Installs 910 MWh of New Systems in Q1 2021

US Energy Storage Market Installs 910 MWh of New Systems in Q1 2021

The United States installed 910 MWh of new energy storage systems in the first quarter (Q1) of 2021 – an increase of 252% over Q1 2020, making it the biggest Q1 ...
Solar Developer and NTPC Spar Over GST Compensation Claim

Solar Developer and NTPC Spar Over GST Compensation Claim

Renew Wind Energy (TN2) has filed a petition before the Central Electricity Regulatory Commission (CERC), seeking clarification on a previous order it had passed on considering goods and services tax ...
/ / Markets & Policy, Solar
Rajasthan Rooftop Solar Installers Question Latest Capacity Allocated by Nodal Agency

Rajasthan Rooftop Solar Installers Question Latest Capacity Allocated by Nodal Agency

The Renewable Energy Association of Rajasthan (REAR) has raised a series of queries with the Rajasthan Renewable Energy Corporation (RREC) after the latter allocated an additional 5,600 kW capacity under ...
Daily News Wrap-up Tata Power’s 37 Commercial Consumers Opt for Green Power in Mumbai

Daily News Wrap-up: Tata Power’s 37 Commercial Consumers Opt for Green Power in Mumbai

Here are some noteworthy cleantech announcements of the day from around the world: Tata Power announced that over 37 of its commercial customers with consumption of more than 19 MUs ...
/ / Other, Renewable Energy
194 MU of Solar Traded in IEX’s Green Term-Ahead Market in May

194 MU of Solar Traded in IEX’s Green Term-Ahead Market in May

The Indian Energy Exchange (IEX) traded 194 million units (MU) of solar in May, a 149% increase compared to the 78 MU traded in April 2021. The Exchange traded 6,540 ...
/ / Other, Renewable Energy
_Solar Industry Reacts PLI Program Good for Large Manufacturers; MSMEs Left Out

Solar Industry Reacts: PLI Program Good for Large Manufacturers; MSMEs Left Out

India has launched a performance-linked incentive (PLI) program to support vertically integrated, gigawatt-scale manufacturing of high-efficiency solar modules. The implementing agency – the Indian Renewable Energy Development Agency (IREDA), has ...
Daily News Wrap-Up Sembcorp Raises $302 Million in a Green Bond Offering

Daily News Wrap-Up: Sembcorp Raises $302 Million in a Green Bond Offering

Here are some noteworthy cleantech announcements of the day from around the world: Renewable energy company Masdar and Abu Dhabi Airports have announced the completion of Abu Dhabi's largest solar-powered ...
/ / Other, Renewable Energy
Bidders Go to Court Over Lack of Transparency in EESL’s Solar Pumps Auction

Bidders Go to Court Over Lack of Transparency in EESL’s Solar Pumps Auction

Last week, the Delhi High Court directed the Government of India to respond to a petition filed by domestic solar manufacturers, who have requested the termination of the Pradhan Mantri ...
/ / Off-grid, Solar
Generic Tariff of ₹7.08kWh for Waste-to-Energy Projects Until March 2022

Generic Tariff of ₹7.08/kWh for Waste-to-Energy Projects Until March 2022

The Karnataka Electricity Regulatory Commission (KERC) has retained the tariff for waste-to-energy projects at ₹7.08 (~$0.097)/kWh from April 1, 2021, to March 31, 2022. The Commission had determined the tariff ...
/ / Other, Waste to Energy
Power Grid Acquires Two Transmission Projects to Evacuate Solar Power in Rajasthan

Power Grid Acquires Two Transmission Projects to Evacuate Solar Power in Rajasthan

State-owned power transmission company Power Grid Corporation of India (PGCIL) has acquired two transmission projects - Fatehgarh Bhadla Transco Limited and Sikar New Transmission Limited under Phase II, Part-B, and ...
/ / Finance and M&A, Other
New Inverter Technologies Reducing the LCOE of Large-Scale Solar Projects

New Inverter Technologies Reducing the LCOE of Large-Scale Solar Projects

The second wave of the pandemic has been negatively impacting the cost of large-scale solar project development and management. There is also a surge in component prices, adding to the ...
/ / Markets & Policy, Solar
Month in a Minute Top Headlines from Indian Renewable Sector in May 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in May 2021

Here is a recap of some of the most important headlines from May 2021: In the first quarter (Q1) of the calendar year (CY) 2021, India generated about 17.5 BU ...
/ / Other, Renewable Energy
Germany Installed 619 MW of New Solar Capacity in April 2021

Germany Installed 619 MW of New Solar Capacity in April 2021

According to the latest numbers announced by the German Federal Network Agency Agency Bundesnetzagentur, the country's solar PV installations in April 2021 totaled 619.5 MW, an increase of 59 MW (10.5%) compared to ...
/ / Other, Renewable Energy
Suzlon to Develop a 252 MW Wind Project for CLP India

Suzlon to Develop a 252 MW Wind Project for CLP India

Renewable energy solutions providers Suzlon Group has announced that it has won an order from CLP India to develop a 252 MW wind power project. The project is in Sidhpur, ...
/ / Wind
Solar Cell & Module Maker Websol Energy Posts Revenue of ₹1.54 Billion in FY 2021

Solar Cell & Module Maker Websol Energy Posts Revenue of ₹1.54 Billion in FY 2021

Kolkata-based manufacturer of solar cells and modules Websol Energy System has announced combined financial results for the fourth quarter (Q4) and the financial year 2021 (FY21). The company reported a ...
/ / Markets & Policy, Solar
REC's Profits Surge 71% Year-Over-Year to ₹83.62 Billion in FY 2021

REC’s Profits Surge 71% Year-Over-Year to ₹83.62 Billion in FY 2021

REC Limited has announced the consolidated financial results for the fourth quarter (Q4) and financial year (FY) 2021. REC's net profit surged by 71% in FY 2021 to ₹83.62 billion ...
/ / Finance and M&A, Other
Goa Launches Solar-Based Remote Village Electrification Program (1)

Goa Launches Solar-Based Remote Village Electrification Program

In a green push, the Chief Minister of Goa, Pramod Sawant, has inaugurated a solar photovoltaic (PV)-based electrification program focusing on delivering clean, affordable, and reliable energy to those residing ...
/ / Finance and M&A, Solar
IREDA Posts a Record 61% YoY Growth in After-Tax Profits in FY 2020-21

IREDA Posts a Record 61% YoY Growth in After-Tax Profits in FY 2020-21

The Indian Renewable Energy Development Agency (IREDA) posted a profit after tax of ₹3.46 billion (~$47.75 million) as against ₹2.1 billion (~$29.67 million) in the last financial year (FY), registering ...
/ / Finance and M&A, Solar
Solar Reigns Greece’s 350 MW Auction for Solar and Wind Projects

Solar Reigns Greece’s 350 MW Auction for Solar and Wind Projects

Greece’s Regulatory Authority of Energy (RAE) declared the results of the 350 MW joint competitive bidding for solar photovoltaic (PV) and wind projects. Solar PV projects ruled the roost as ...
Higher Module Prices Raise Cost of Large-Scale, Rooftop Solar Systems in Q1 2021

Higher Module Prices Raise Cost of Large-Scale, Rooftop Solar Systems in Q1 2021

The average cost of large-scale solar projects first quarter of 2021 (Q1 2021) was about ₹36.6 million (~$505,308)/MW, according to Mercom’s recently released Q1 2021 India Solar Market Update. The cost ...