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

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
Tata Power Records 10% Rise in Net Profit, Higher Solar EPC Revenue in Q2 of FY 2021

Tata Power Records 10% Rise in Net Profit, Higher Solar EPC Revenue in Q2 of FY 2021

Tata Power announced its earnings for the quarter ended September 30, 2020 (Q2) of the financial year 2020-2021, and posted a net profit of ₹3.71 billion (~$49.8 million), a 10% ...
/ / Markets & Policy, Solar
India Gets a $10.75 Billion Incentive Plan to Boost Solar, Battery & Auto Manufacturing

India Gets a $10.75 Billion Incentive Plan to Boost Solar, Battery & Auto Manufacturing

The central government has approved a 'production-linked incentive' (PLI) plan in ten critical sectors to enhance India's manufacturing capabilities and exports under the Atmanirbhar Bharat initiative. The government said in ...
/ / Markets & Policy, Solar
Daily News Wrap-Up_ 95 MW Solar Project in Kazakhstan with Sungrow Inverters Goes Online

Daily News Wrap-Up: 95 MW Solar Project in Kazakhstan with Sungrow Inverters Goes Online

Here are some noteworthy cleantech announcements of the day from around the world: Inverter solution supplier for renewables, Sungrow, announced that 95 MW of its 1500V medium-voltage central inverter solutions ...
/ / Other, Renewable Energy
Solar Module Manufacturer Risen Energy Acquires Polysilicon Business of Dunan

Solar Module Manufacturer Risen Energy Acquires Polysilicon Business of Dunan

Chinese solar photovoltaic (PV) module manufacturer Risen Energy recently acquired a 100% stake in the polysilicon business of Dunan PV through its wholly-owned subsidiary, Risen Orient. Dunan PV is engaged ...
/ / Finance and M&A, Solar
Tata, Fourth Partner, and CleanMax Emerge as Leading Rooftop Solar Installers in 1H 2020

Tata, Fourth Partner, and CleanMax Emerge as Leading Rooftop Solar Installers in 1H 2020

Tata Power Solar, Fourth Partner Energy, and CleanMax emerged as the top rooftop solar installers in India in the first half (1H) of the calendar year (CY) 2020, according to ...
/ / Mercom Research Focus, Other
Electric Scooter Maker Ather Energy Raises $35 Million in Series D Funding

Electric Scooter Maker Ather Energy Raises $35 Million in Series D Funding

Electric scooter manufacturer Ather Energy raised $35 million in its latest Series D funding round, led by Sachin Bansal's $23 million investment. Hero MotoCorp has invested $12 million as a ...
/ / Electric Vehicles, Grid
SolarEdge's Revenue Reached $338.1 Million in Q3 2020

SolarEdge’s Revenue Reached $338.1 Million in Q3 2020

Israel-based solar inverter provider SolarEdge Technologies (SolarEdge) announced its financial results for the third quarter ended September 30, 2020. The company earned a $338.1 million revenue - a marginal increase ...
/ / Finance and M&A, Solar
Wind Installations to Cross 71 GW in 2020 Despite COVID-19 Challenges_ GWEC

Wind Installations to Cross 71 GW in 2020 Despite COVID-19 Challenges: GWEC

The latest market outlook published by the Global Wind Energy Council Market (GWEC) Intelligence expects 71.3 GW of wind power installations in 2020 despite the impact of COVID-19, a 6% ...
/ / Wind
30 Indian Cities Could Face Dire Water Crisis by 2050_ Another Reason to go Solar

30 Indian Cities Could Face Dire Water Crisis by 2050: Another Reason to go Solar

The World Wide Fund (WWF), in its latest WWF Water Risk Filter report, said that 30 Indian cities face imminent water-related risks unless immediate actions are taken to mitigate and ...
/ / Other, Water
2015-2018 Saw 70% Dip in the Price of Utility-Scale Battery Storage in the US Market

2015-2018 Saw 70% Dip in the Price of Utility-Scale Battery Storage in the US Market

The average energy capacity cost of utility-scale battery storage in the United States has rapidly decreased from $2,152/kWh in 2015 to $625/kWh in 2018, according to the U.S. Energy Information ...
Distributed Renewables Platform Voltus Raises $25 Million in Series B Financing

Distributed Renewables Platform Voltus Raises $25 Million in Series B Financing

The U.S.-based distributed energy resources (DER) platform, Voltus, Inc., raised $25 million in a Series B financing round. NGP Energy Technology Partners III (NGP ETP III) led the round, including ...
/ / Finance and M&A, Other
Month in a Minute_ Top Headlines from India’s Renewable Sector in October 2020

Month in a Minute: Top Headlines from India’s Renewable Sector in October 2020

Here is a recap of some of the most important headlines from October 2020: The Ministry of New and Renewable Energy (MNRE) extended the exemption for the Bureau of Indian ...
/ / Other, Renewable Energy
Here Are India’s Solar Market Leaders for 1H of 2020

Here Are India’s Solar Market Leaders for 1H of 2020

Mercom India Research released its latest India Solar Market Leaderboard 1H 2020, which reveals the Indian solar industry's market leaders, from the first half (1H) of the calendar year (CY) ...
/ / Mercom Research Focus, Other
Tokyo Gas Plans to Issue Green Bonds Worth ¥10 billion

Tokyo Gas Plans to Issue Green Bonds Worth ¥10 billion

In a first for the company, Tokyo Gas Company Limited plans to issue green bonds through a public offering platform. Tokyo Gas is set to issue the 10-year green bonds ...
/ / Other, Renewable Energy
13% of Indian Households Still Don't Have Access to Grid-Connected Electricity: Survey

13% of Indian Households Still Don’t Have Access to Grid-Connected Electricity: Survey

A recently-released survey suggests that nearly 87% of the country's population has access to grid-based electricity, while 13% either use non-grid sources for electricity and lighting or don't use any ...
/ / Grid, Market & Policy
Avaada Secures $10 Million Funding from German Investor DEG

Avaada Secures $10 Million Funding from German Investor DEG

Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a development finance institution and a KfW Group subsidiary, has pledged $10 million in funding to Indian solar energy company Avaada Energy Private Limited (AEPL) ...
/ / Finance and M&A, Solar