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

Solar’s Share in India’s Installed Power Capacity Rises to 11.2%

Solar’s Share in India’s Installed Power Capacity Rises to 11.2%

India’s installed renewable energy (including large hydro projects) capacity stood at 143.9 GW, accounting for a share of 37.4% in the overall power mix at the end of the second ...
Ola Electric Secures $100 Million Debt Financing from Bank of Baroda

Ola Electric Secures $100 Million Debt Financing from Bank of Baroda

Ola Electric Mobility and Bank of Baroda have signed one of the largest long-term debt financing agreements in the Indian electric vehicle (EV) industry. The ten-year debt of $100 million ...
/ / Finance and M&A, Solar
Saudi-Based Alfanar Completes Acquisition of Wind Turbine Maker Senvion India

Saudi-Based Alfanar Completes Acquisition of Wind Turbine Maker Senvion India

Saudi Arabia-based renewable energy projects developer Alfanar – has acquired 100% stake in wind turbine original equipment manufacturer (OEM) Senvion India from Senvion GmbH. The acquisition was made through Global ...
/ / Finance and M&A, Other
SBI Has Provided ₹319.18 Billion in Renewable Energy Project Finance as of FY 2021

SBI Has Provided ₹319.18 Billion in Renewable Energy Project Finance as of FY 2021

The State Bank of India (SBI), one of India’s largest public sector banks, declared results for the financial year (FY) 2020-2021, which claimed that the bank had approved over ₹319.18 ...
/ / Other, Renewable Energy
Can Solar Developers Take Advantage of Duty-Free Period Ahead

Can Solar Developers Take Advantage of Duty-Free Period Ahead?

Solar developers in India are facing two important dates - the safeguard duty (15%) set to end on July 29, 2021, and the basic customs duty (BCD) of 40% on ...
Smart Grid Cell to be Established in Telangana

Smart Grid Cell to be Established in Telangana

The Telangana State Electricity Regulatory Commission (TSERC) has issued a notification for implementing the TSERC (Smart Grid) Regulation, 2021. The regulation would be enforced from the date of its publication ...
/ / Grid, Smart Grid
Solar Tender Activity up Year-over-Year in Q2 While Auctions Slowed

Solar Tender Activity Up Year-over-Year in Q2 While Auctions Slowed

According to Mercom India Research, government agencies announced tenders for 8.5 GW of solar projects in the second quarter (Q2) of the calendar year (CY) 2021, a 19% decrease compared to ...
Race Between Declining Costs of Wind, Solar Power, and Falling Market Value

Race Between Declining Costs of Wind, Solar Power, and Falling Market Value

The world is steadily embracing renewable energy, with wind and solar energy making up a large share of power generation. With the supply of these resources increasing, the value of ...
/ / Other, Renewable Energy
Ministry of Power gives its nod to net metering for rooftop solar systems up to 500 kW capacity

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

Here is a recap of some of the most important headlines from June 2021: The Ministry of Power (MoP) has finally issued the rules concerning net metering for rooftop solar ...
/ / Other, Renewable Energy
Gravity-Based Storage Devised for Residential Rooftop Solar Applications

Gravity-Based Storage Devised for Residential Rooftop Solar Applications

Two researchers from the School of Engineering and Sustainable Development, De Montfort University, Leicester, United Kingdom, and a researcher from the Ahmadu Bello University, Zaria, Nigeria, have designed a residential ...
/ / Solar, Technology
Rajasthan High Court Cancels Allotment of Public Utility Land to Developer for Solar Park

Rajasthan High Court Cancels Allotment of Public Utility Land to Developer for Solar Park

The Rajasthan High Court has canceled the allotment of public utility land measuring 1,452 bighas (581.56 acres) near Pokhran in Jaisalmer to the Adani Renewable Energy Park Rajasthan (AREPRL). According to Mercom's ...
/ / Markets & Policy, Solar
Sterling and Wilson Solar Records ₹2.9 Billion Loss in FY2021

Sterling and Wilson Solar Records ₹2.9 Billion Loss in FY2021

Shapoorji Pallonji Group Company’s end-to-end solar engineering, procurement, and construction (EPC) solutions provider Sterling and Wilson Solar declared its financial results for the year ended March 31, 2021, reflecting record ...
/ / Markets & Policy, Solar
Poland Awards 2.2 GW of Solar Projects in RES Auction

Poland Awards 2.2 GW of Solar Projects in RES Auction

Poland's Energy Regulatory Office (URE) has allocated 2.5 GW of renewable capacity in the latest round of auctions conducted by Renewable Energy Sources (RES) in May and June this year. Through ...
/ / Solar, Tenders & Auctions
Government Approves Net Metering for Rooftop Solar Systems Up to 500 kW Capacity

Government Approves Net Metering for Rooftop Solar Systems Up to 500 kW Capacity

The Ministry of Power (MoP) has finally issued the much-awaited amendment to the Electricity (Rights of Consumers) 2020 Rules concerning net metering for rooftop solar installations. The amendment permits net ...
/ / Markets & Policy, Solar
Finance Minister Announces ₹3.03 Trillion for Upgrading DISCOMs

Finance Minister Announces ₹3.03 Trillion for Upgrading DISCOMs

The Union Finance Minister Nirmala Sitharaman announced the ‘Economic Relief from Pandemic’ package and declared several sops for power distribution companies (DISCOMs), including ₹3.03 trillion (~$40.82 billion) outlay for reform-based ...
/ / Grid, Market & Policy
Validity of FAME-II Program for Electric Vehicles Extended Until March 31, 2024

Validity of FAME-II Program for Electric Vehicles Extended Until March 31, 2024

The government has extended the validity of the second phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME)-II program for all approved electric vehicle (EV) models. The validity ...
/ / Electric Vehicles, Grid
DISCOM Ordered to Refund Wheeling Charges for a Waste-to-Energy Project in Delhi

DISCOM Ordered to Refund Wheeling Charges for a Waste-to-Energy Project in Delhi

The Delhi Electricity Regulatory Commission (DERC), in a recent order, has directed the distribution company BSES Rajdhani Power (BRPL) to meet the demand put forward by Timarpur-Okhla Waste Management company ...
/ / Other, Waste to Energy
Reliance to Foray into Solar, Battery Storage, Green Hydrogen, and Fuel Cell Production

Reliance to Foray into Solar, Battery Storage, Green Hydrogen, and Fuel Cell Production

Reliance Industries (RIL) will invest ₹750 billion (~$10 billion) to build an integrated solar photovoltaic (PV) factory, advanced energy storage battery manufacturing unit, green hydrogen, and fuel cell facility in ...
/ / Markets & Policy, Solar
India Becomes New Benchmark for Low-Cost Residential Rooftop Solar IRENA

India Becomes New Benchmark for Low-Cost Residential Rooftop Solar: IRENA

The latest report by the International Renewable Energy Agency (IRENA) shows that the trend of falling cost of solar and wind power continued despite the impact of the pandemic globally ...
/ / Rooftop, Solar
Empanelment Tender Issued for 10 MW of Residential Rooftop Solar Projects

Empanelment Tender Issued for 10 MW of Residential Rooftop Solar Projects

The Chamundeshwari Electricity Supply Corporation (CESC), has invited an expression of interest for the empanelment of installers to set up grid-connected rooftop solar photovoltaic (PV) systems totaling 10 MW. The ...
/ / Solar, Tenders & Auctions
China Photovoltaic Industry Association Urges Members to Refrain from Hoarding

China Photovoltaic Industry Association Urges Members to Refrain from Hoarding

Earlier this month, the China Photovoltaic Industry Association (CPIA) issued a statement directing its members to refrain from unethical business practices such as hoarding raw materials for polysilicon to counter ...
/ / Markets & Policy, Solar
Gujarat Unveils Electric Vehicle Policy with Plans to Add 200,000 EVs by 2025

Gujarat Unveils Electric Vehicle Policy with Plans to Add 200,000 EVs by 2025

Gujarat Chief Minister Vijay Rupani announced the Gujarat Electric Vehicle (EV) Policy, 2021. The policy aims to move the state’s transportation sector towards electric mobility to reduce pollution and protect ...
/ / Electric Vehicles, Grid
ACME to Develop a 300 MW Solar Project In Partnership with Brookfield Renewable

ACME to Develop a 300 MW Solar Project in Partnership with Brookfield Renewable

Independent power producer ACME Solar has announced that it has closed a deal with Brookfield Renewable, a global owner and operator of renewable power assets, to jointly develop a 300 ...
/ / Solar, Utility Scale
JinkoSolar to Invest _$48.64 Million to Boost Polysilicon Production Capacity

JinkoSolar to Invest ~$48.64 Million to Boost Polysilicon Production Capacity

Solar module manufacturer JinkoSolar Holding has announced that its holding subsidiary, Shangrao JinkoSolar Industry Development, plans to invest RMB315 million (~$48.64 million) in equity in Inner Mongolia Xinte Silicon Materials ...
/ / Finance and M&A, Solar
Fortum to Sell 500 MW of Solar Projects in India to Actis

Fortum to Sell 500 MW of Solar Projects in India to Actis

Fortum has signed an agreement to sell the 250 MW Pavagada II and the 250 MW Rajasthan solar projects in India to Actis, a global infrastructure investment firm. The total ...
/ / Finance and M&A, Solar