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

Banks Continue to Support Fossil Fuels Despite Pact to Support Climate Deal

Banks Continue to Support Fossil Fuels Despite Pact to Support Climate Deal

Just when the United Nations Principles for Responsible Banking (PRB) marked its first anniversary, the latest review of the signatory banks' financial records shows how much they deviated from their ...
/ / Other, Renewable Energy
Nearly 300,000 Households Electrified Through Off-Grid Solar Solutions_ RK Singh

Nearly 300,000 Households Electrified Through Off-Grid Solar Solutions: RK Singh

Over 300,000 households have been electrified through solar-based standalone systems, the Minister of New and Renewable Energy (MNRE) R.K. Singh said in Lok Sabha recently. In October 2017, the SAUBHAGYA ...
/ / Off-grid, Solar
Students in Gujarat Can Buy Cheaper Electric Vehicles through State Subsidies

Students in Gujarat Can Buy Cheaper Electric Vehicles through State Subsidies

Gujarat Chief Minister Vijay Rupani announced that the state government would offer subsidies to encourage battery-operated two-wheelers and three-wheelers. Students studying from classes IX up to colleges will receive a ...
/ / Electric Vehicles, Grid
Solar Installations Surged, Wind Fell in Italy During First Half of 2020

Solar Installations Surged, Wind Fell in Italy During First Half of 2020

In the first half of 2020, Italy added 339 MW of new solar, wind, and hydroelectric installations, a dip of 39% compared to the same period in 2019. Solar and ...
/ / Markets & Policy, Solar
Construction Cost for Solar Projects Fell by 50% in the US During 2013-18

Construction Cost for Solar Projects Fell by 50% in the US During 2013-18

The latest report published the U.S. Energy Information Administration (EIA) shows that the annual capacity-weighted average construction cost for solar and onshore wind decreased considerably between 2013 and 2018. Natural ...
/ / Markets & Policy, Solar
Spain to Invest €181 Million in Innovative Renewable Energy Projects

Spain to Invest €181 Million in Innovative Renewable Energy Projects

The Institute for the Diversification and Saving of Energy (IDAE) will allocate €181 million (~$214 million) to support renewable energy projects in seven autonomous communities of Spain. The allocation is ...
/ / Other, Renewable Energy
Fourth Partner Energy Receives ₹1.26 Billion to Expand Distributed Solar Footprint (1)

Fourth Partner Energy Receives ₹1.26 Billion to Expand Distributed Solar Footprint

Symbiotics, an investment firm specialized in emerging, sustainable, and inclusive finance, issued its first bond the proceeds of which are exclusively used to finance renewable energy projects. It raised ₹1.26 ...
/ / Finance and M&A, Solar
Google Meets 100% of Its Electricity Consumption Through Renewable Energy

Google Meets 100% of Its Electricity Consumption Through Renewable Energy

Google's Chief Executive Officer (CEO) Sundar Pichai, in a video message, declared that Google had eliminated its carbon legacy. This brings Google's lifetime net carbon footprint to zero, making it ...
/ / Energy Efficiency, Other
These High-Performance Organic Solar Cells Claim to Have an Efficiency of Over 14%

These High-Performance Organic Solar Cells Claim to Have an Efficiency of Over 14%

A research team from the South China University of Technology has claimed to have developed a new method of producing organic solar cells, which eliminate the need for potentially toxic ...
/ / Solar, Technology
India Poised to Drive Global Energy Demand Growth: bp Report

India Poised to Drive Global Energy Demand Growth: bp Report

The global energy system is fundamentally restructuring and becoming more diverse, driven by customer needs and increased competition between fuels, said the latest bp Energy Outlook 2020. The report highlights ...
/ / Other, Renewable Energy
Maharashtra to Procure 200 MW of Power from Wind Projects with Expired EPAs

Maharashtra to Procure 200 MW of Power from Wind Projects with Expired EPAs

The Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) issued a Request for Selection to procure 200 MW of wind energy from intra-state wind power projects with expired or soon-to-be expired ...
/ / Wind
Starkraft Acquires Five Irish Solar Farms Totalling 275 MW From Lightsource bp

Statkraft Acquires Five Irish Solar Farms Totaling 275 MW From Lightsource bp

Statkraft Ireland acquired five solar projects with a combined capacity of 275 MW from Lightsource bp. The projects are located in counties of Meath, Laois, Tipperary, and Cork. The acquisition is ...
/ / Finance and M&A, Solar
ISA, MNRE, and World Bank Get Onboard to Bolster Global Cooperation for Solar Energy

ISA, MNRE, and World Bank Get Onboard to Bolster Global Cooperation for Solar Energy

The International Solar Alliance (ISA), the World Bank, and the Ministry of New and Renewable Energy (MNRE) signed a Memorandum of Understanding (MoU) to implement the ‘One Sun One World ...
/ / Markets & Policy, Solar
NREL Researchers Discover New Materials for Super-Efficient Solar Cells

NREL Researchers Discover New Materials for Super-Efficient Solar Cells

Researchers at the National Renewable Energy Laboratory (NREL) discovered new materials for super-efficient solar cells of the future. The research focuses on a carefully designed molecule that can efficiently split ...
/ / Solar, Technology
Pune Announces Tender for 150 Electric Buses under FAME-II Program

Pune Announces Tender for 150 Electric Buses under FAME-II Program

Pune Mahanagar Parivahan Mahamandal Limited (PMPML) has issued a tender inviting bids for 150 electric buses. The buses should be 12-meter-long, air-conditioned, and compliant with Bus Rapid Transit. The last ...
/ / Electric Vehicles, Grid
Mahindra Renewables Terminates Sale of its Subsidiary to CLP India

Mahindra Renewables Terminates Sale of its Subsidiary to CLP India

Mahindra Renewables Private Limited (MRPL) has terminated the sale of its subsidiary Neo Solren Private Limited (NSPL) to Gujarat-based CLP India Private limited (CLP India). MRPL is a part of ...
/ / Markets & Policy, Solar
NLC India_ Central Public Sector Unit With Largest Capacity of Solar Installed

NLC India: Central Public Sector Unit With Largest Capacity of Solar Installed

The Neyveli Lignite Corporation (NLC) submitted its annual report for 2019-20, which said that it commissioned 1,421 MW of renewable projects in 2019-20. With the commissioning of the entire 709 ...
/ / Markets & Policy, Solar
COVID-19 Relief: Delhi Reduces Fixed Power Charges for C&I Consumers by 50%

COVID-19 Relief: Delhi Reduces Fixed Power Charges for C&I Consumers by 50%

In a huge respite for the electricity consumers in the national capital, the Delhi Electricity Regulatory Commission (DERC) has reduced fixed charges by 50% for industrial and non-domestic consumers. The ...
/ / Grid, Market & Policy
Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY

Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY

Adani Green Energy Limited (AGEL) declared its financial results for the first quarter of the financial year 2020-2021. Despite COVID, The company’s revenue and ‘earnings before interest taxes depreciation amortization’ ...
/ / Finance and M&A, Solar
Australian Researchers Create Green Hydrogen from Solar Energy and Air

Australian Researchers Create Green Hydrogen from Solar Energy and Air

A research team from Newcastle University in New South Wales, Australia, has devised a system that uses solar power to conduct electrolysis on water harvested from air to create hydrogen, ...
/ / Solar, Technology
Lightsource bp Starts Construction on Pollinator-Friendly Solar Farm in the US

Lightsource bp Starts Construction on Pollinator-Friendly Solar Farm in the US

US-based solar developer, Lightsource bp, mobilized construction on its Wildflower Solar project in Sacramento, California, after closing a $20 million financing package. The project at Rio Linda in Sacramento will ...
/ / Solar, Utility Scale
In 1H 2020, China, the US, Germany, and India Installed 22.3 GW of Solar

In 1H 2020, China, the US, Germany, and India Installed 22.3 GW of Solar

The United States solar installed 3.5 GW of new solar PV capacity in the second quarter (Q2) of 2020, according to the Solar Energy Industry Association (SEIA). The installations dropped ...
/ / Markets & Policy, Solar
BayWar.e. Acquires Sacramento-Based Solar Developer Enable Energy

BayWa r.e. Acquires Sacramento-Based Solar Developer Enable Energy

Renewable energy developer BayWa r.e. announced that it acquired Enable Energy Inc. Enable Energy is a U.S.-based commercial and industrial solar and energy storage solutions provider. The acquisition represents the ...
/ / Finance and M&A, Solar
Solar Developers in Andhra Are Facing Risk of Loan Recall_ FICCI to MNRE

Solar Developers in Andhra Are Facing Risk of Loan Recall: FICCI to MNRE

In a letter addressed to the Secretary of the Ministry of New and Renewable Energy (MNRE), the Chairman of the Federation of Indian Chambers of Commerce and Industry (FICCI), urged ...
/ / Markets & Policy, Solar
960 Railway Stations Equipped with Solar to Meet Power Demand

960 Railway Stations Equipped with Solar to Meet Power Demand

The Indian Railways announced that 960 railways stations have solar installations in place to meet their power requirements. These solar systems are part of the Railways’ endeavor to expand the ...
/ / Solar, Utility Scale