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

Triton EV Establishes India Entity ‘Triton Electric Vehicle India‘ in New Delhi

Triton EV Establishes India Entity ‘Triton Electric Vehicle India‘ in New Delhi

New Jersey-based Triton Electric Vehicle registered an Indian subsidiary under ‘Triton Electric Vehicles India Private Limited’ - in New Delhi. The move comes after the parent company aggressively advertised its ...
/ / Electric Vehicles, Grid
Emphasis on Electric Vehicles and Solar Projects to Fight Pollution in Delhi Budget

Emphasis on Electric Vehicles and Solar Projects to Fight Pollution in Delhi Budget

The Delhi Government presented its budget for 2021-22, highlighting several sops for electric vehicles, electric public transportation, and solar projects. The Delhi Government has allocated ₹ 32.27 billion (~$442.18 million) ...
Ministry Notifies Countervailing Duty Imposition on Solar Glass Imported from Malaysia (2)

Ministry Notifies Countervailing Duty Imposition on Solar Glass Imported from Malaysia

The Ministry of Finance has notified the levy of a countervailing duty on the cost, insurance, and freight (CIF) value on the imports of textured and tempered (whether coated or ...
/ / Markets & Policy, Solar
India's EV Financing Industry Projected to be $50 Billion by 2030_ NITI Ayog

India’s EV Financing Industry Projected to be $50 Billion by 2030: NITI Aayog

India's transition to electric vehicles (EV) will require a cumulative capital investment of $266 billion (₹19.7 trillion) in EVs, charging infrastructure, and batteries over the next decade, according to a ...
/ / Electric Vehicles, Grid
IEX’s Green Term-Ahead Market Trades Over 37 Million Units of Solar Power in February

IEX’s Green Term-Ahead Market Trades Over 37 Million Units of Solar Power in February

The electricity market at Indian Energy Exchange (IEX) traded a volume of 6769 MU (million units) and registered a 50% year-on-year (YoY) growth in February 2021. The Green Term-Ahead Market ...
/ / Finance and M&A, Other
All Government Vehicles in Delhi To Switch to Electric by August 2021 – Nitin Gadkari

All Government Vehicles in Delhi To Switch to Electric by August 2021 – Nitin Gadkari

All vehicles owned/leased by the Government of the National Capital Territory of Delhi (GNCTD) will transition to electric by August 6, 2021, Minister of Road Transport and Highways (MoRTH) Nitin ...
/ / Electric Vehicles, Grid
Karnataka Proposes to Develop a 500 MW ISTS-Connected Solar Park

Karnataka Proposes to Develop a 500 MW ISTS-Connected Solar Park

Karnataka has proposed setting up a 500 MW solar park at Firozabad in Kalaburagi district, Chief Minister B S Yediyurappa has said, while presenting the state Budget for 2021-22. He ...
/ / Other, Renewable Energy
Safeguard Duty Extension Deemed as Change in Law for Tata’s Solar Project in Maharashtra

Safeguard Duty Extension Deemed as Change in Law for Tata’s Solar Project in Maharashtra

The Maharashtra Electricity Regulatory Commission (MERC) has accepted Tata Power Renewable Energy's (TPREL) petition seeking to declare levy of safeguard duty (SGD) on the import of solar cells as a ...
/ / Market & Policy, Solar
Orix Completes Acquisition of 21.8% Stake in Renewable Energy Developer Greenko

Orix Completes Acquisition of 21.8% Stake in Renewable Energy Developer Greenko

Japan-based financial services group Orix Corporation has announced that it has completed its acquisition of 21.8% stake in Indian renewable energy developer Greenko Energy Holdings. In September 2020, Orix had ...
/ / Finance and M&A, Other
Israel's Robotic Solar Module Cleaning Company Airtouch Raises $18 Million in an IPO

Israel’s Robotic Solar Module Cleaning Company Airtouch Raises $18 Million in an IPO

Israeli robotic solar cleaning service provider, Airtouch Solar, has completed an initial public offering (IPO), raising $18 million at a company post-money valuation of $124 million, primarily from leading institutional ...
/ / Markets & Policy, Solar
Bombay High Court Stays DISCOM Privatization Auction Won by Torrent Power

Bombay High Court Stays DISCOM Privatization Auction Won by Torrent Power

The Bombay High Court has suspended the auction for a 51% equity stake in the power distribution company (DISCOM) for the Union Territory of Dadra and Nagar Haveli and Daman ...
/ / Grid, Market & Policy
NSEFI Seeks Interest Waiver to Help Solar Developers Clear Unpaid Safeguard Duty Dues

NSEFI Seeks Interest Waiver to Help Solar Developers Clear Unpaid Safeguard Duty Dues

The National Solar Energy Federation of India (NSEFI) has requested the Central Board of Indirect Taxes and Customs (CBIC) to introduce a 'Legacy Dispute Resolution/Settlement Program to help eligible safeguard ...
Electric Vehicle Maker Euler Motors Raises ₹300 Million from Existing and New Investors

Electric Vehicle Maker Euler Motors Raises ₹300 Million from Existing and New Investors

Euler Motors, a New Delhi-based electric vehicle (EV) manufacturer, has raised ₹300 million (~$4.1 million) as a part of its ongoing Series A round. The funding was led by existing ...
/ / Electric Vehicles, Grid
US Deploys a Record 2,156 MWh of New Energy Storage Solutions in Q4

US Deploys a Record 2,156 MWh of New Energy Storage Solutions in Q4

The United States brought 2,156 MWh of new energy storage systems online in the fourth quarter (Q4) of 2020, a new record for storage with an increase of 182% over Q3, ...
Residential Welfare Association Takes Auction Route to Select Rooftop Solar Installer

Residential Welfare Association Takes Auction Route to Select Rooftop Solar Installer

Solar developer and EPC (Engineering, Procurement, and Construction) service provider, U-Solar, emerged as the winner in the auction held by the Westend Heights Condominium Apartment Owners' Welfare Association (WHCAOWA) in ...
/ / Rooftop, Solar, Uncategorized
Telangana Solar Developers Write to Chief Minister About Piling Dues from DISCOMs

Telangana Solar Developers Write to Chief Minister About Piling Dues from DISCOMs

The Telangana Solar Power Developers' Association has urged the state Chief Minister to advise the Telangana State Power Coordination Committee and Telangana state distribution companies (DISCOMs) to clear at least ...
Month in a Minute_ Top Headlines from Indian Renewable Sector in February 2021

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

Here is a recap of some of the most important headlines from February 2021: Total Eren and EDF Renewables announced that EDEN Renewables India has successfully secured financial closure for ...
Gadkari Urges R K Singh to Reconsider Net Metering Restriction for Rooftop Solar

Gadkari Urges R K Singh to Reconsider Net Metering Restriction for Rooftop Solar

The Minister of Micro, Small, and Medium Enterprises (MSME), Nitin Gadkari, has brought the attention of the Minister of New and Renewable Energy (MNRE), R K Singh, to a representation ...
/ / Markets & Policy, Solar
Ashok Leyland to Buy Solar Via Group Captive Model from Hinduja Group' Open Access Project

Ashok Leyland to Buy Solar Via Group Captive Model from Hinduja Group’s Open Access Project

Ashok Leyland, the multinational automobile company owned by the Hinduja Group has announced that it has invested ₹186.6 million (~$2.56 million) for a 26% stake in Prathama Solarconnect Energy Private ...
Villages Reap Benefits from Punjab's First Solar-Based Water Supply Projects

Villages Reap Benefits from Punjab’s First Solar-Based Water Supply Projects

The Punjab Water Supply and Sanitation Department has set up the first-of-its-kind solar-based water supply projects at Jagrawan-Muradpur and Talwara villages of Jalandhar district under the 'Har Ghar Paani, Har ...
/ / Solar, Uncategorized
MNRE to Remotely Monitor Solar Assets Under KUSUM Program

MNRE to Remotely Monitor Solar Assets Under KUSUM Program

The United Kingdom (U.K.)-India Power Sector Reforms (PSR) Program will assist the Ministry of New and Renewable Energy (MNRE) in the conceptualization, design, and development of the Solar Energy Data ...
/ / Solar, Technology
GreenCell Joins Hands with PMI Electro to Deploy 350 Electric Buses Across Uttar Pradesh

GreenCell Joins Hands with PMI Electro to Deploy 350 Electric Buses Across Uttar Pradesh

GreenCell Mobility, an electric mobility-as-a-service (eMaaS) platform, has announced that it is investing ₹4 billion (~$55.09 million) in a consortium run by PMI Electro Mobility Solutions to deploy 350 electric ...
Ather Energy Begins Electric Two-Wheeler Production at its Hosur Facility

Ather Energy Begins Electric Two-Wheeler Production at its Facility in Tamil Nadu

Indian electric two-wheeler manufacturer, Ather Energy, has commenced operations from its facility in Hosur, Tamil Nadu. Ather has also started deliveries in Mumbai, Pune, Ahmedabad, Bangalore, Chennai, and Hyderabad, and ...
/ / Electric Vehicles, Grid
Solar Inverter, Import Duty, Customs Duty, MNRE, Solar Modules, PV

Is Customs Duty Hike Sufficient to Incentivize Domestic Manufacture of Solar Inverters?

In the Budget 2021, the Finance Minister proposed to raise the customs duty on solar inverters from 5% to 20% and on solar lanterns from 5% to 15% to encourage ...
/ / Mercom Research Focus, Other
Shell to Annually Invest $5-6 Billion in Renewables, Low-Carbon Fuels & EV Charging

Shell to Annually Invest $5-6 Billion in Renewables, Low-Carbon Fuels & EV Charging

Global energy conglomerate, Royal Dutch Shell, has said it will invest $5-6 billion annually in its Growth Pillar, including $2-3 billion in renewables and energy solutions, to accelerate its transformation ...
/ / Other, Renewable Energy