Author Archives: Raj Prabhu

About Raj Prabhu

Raj Prabhu Raj is a recognized thought leader in clean energy markets where his work has influenced policies worldwide. He has a deep understanding of regulatory policy and clean energy markets and his market and opinion pieces are regularly published on both MercomIndia.com and other leading publications globally. Raj is also a regular speaker and presenter on clean energy policy and finance topics at conferences worldwide. Raj attended the KLE College of Science in Bangalore, India for physics and chemistry, and holds a Bachelor of Science Degree in Hotel and Institutional Management from Johnson and Wales University, Rhode Island. More articles from Raj Prabhu.

rajprabhu@mercomcapital.com

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Indian Solar Rooftop

Will New MNRE Incentives for DISCOMs Spur Solar Rooftop Growth in India?

The Ministry of New and Renewable Energy (MNRE) has announced financial assistance in the form of grants to distribution companies (DISCOMs) of up to Rs.3.75 million (~$55,000)/MW for rooftop solar ...
/ / Markets & Policy, Solar
Declining Module Prices Come Just in Time for Indian Solar Project Developers

Declining Module Prices Come Just in Time for Indian Solar Project Developers

Swift decline in module prices over the last three to four months is the single most important positive event for the Indian solar sector. The project development landscape has changed ...
/ / Modules, Solar
Mercom Forecasts Over 9 GW of Solar Installations in India for 2017

Mercom Forecasts Over 9 GW of Solar Installations in India for 2017

2016 Solar Installations to Come in at Approximately 4 GW Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar ...
/ / Solar, Utility Scale
Top Solar States

Top 10 Indian States Account for 90 Percent of Large-Scale Solar Installations and Pipeline

India has a total installed large-scale solar capacity of 9,018 MW and a solar pipeline of 14,030 MW as of December 2016, with the top 10 states accounting for approximately ...
/ / Solar, Utility Scale
Demonitization India Solar

Demonetization – Unexpected Stimulus for the Indian Renewable Sector?

Demonetization has been chaotic and changing the way the Indian economy functions. For the power sector, demonetization has turned out to be a positive event with distribution companies (DISCOMs) recovering ...
/ / Markets & Policy
Solar Accounts for 1 Percent of Total Power Generated in India in the First Half of FY 2016-17

Solar Accounts for 1 Percent of Total Power Generated in India in the First Half of FY 2016-17

Solar energy accounts for almost 1 percent of total power generated in India and 12 percent of the total renewable power generated in the country. Solar accounted for 5,791.54 million ...
/ / Solar
TANGEDCO Solar Bids

Tepid Response to TANGEDCO’s 500 MW RfS in Tamil Nadu, Only 117 MW of Bids Received So Far

The Tamil Nadu Generation and Distribution Company (TANGEDCO) has received weak response to its request for selection (RfS) to procure 500 MW of solar through a reverse auction. Bids of ...
/ / Solar, Tenders & Auctions
Mercom Forecasts 76 GW in Global Solar Installations in 2016, a 48% YoY Increase Over 2015

Mercom Forecasts 76 GW in Global Solar Installations in 2016, a 48% YoY Increase Over 2015

Mercom Capital Group, llc, a global clean energy communications and consulting firm, forecasts global solar installations to reach 76 GW in 2016. Solar installations to hit 70 GW in 2017 ...
/ / Markets & Policy, Solar
Indian Solar Exports Grow 66 Percent YoY, Imports Up 53 Percent in the First Five Months of FY 2016

Indian Solar Exports Grow 66 Percent YoY, Imports Up 53 Percent in the First Five Months of FY 2016

From April to August 2016, import and export activity worth $808 million was registered in the Indian solar sector. During the five-month period, India exported solar modules and cells worth ...
/ / Modules, Solar
MNRE to Provide Central Financial Assistance to Install Grid-Connected Solar Rooftop Projects in Tamil Nadu

MNRE to Provide Central Financial Assistance to Install Grid-Connected Solar Rooftop Projects in Tamil Nadu

The Ministry of New and Renewable Energy (MNRE) will provide central finance assistance (CFA) at the rate of Rs.22.50 (~$0.3371)/W to install grid-connected solar rooftop power projects. This will amount to a ...
/ / Rooftop, Solar
Greenko Completes SunEdison India Acquisition

Greenko Completes SunEdison India Acquisition

Greenko Energy Holdings (Greenko) has completed the acquisition of SunEdison’s 587 MW Indian wind and solar projects for a cash payment of $42 million and assumption of project-level debt of ...
/ / Finance and M&A, Solar
Karnataka DISCOMs to Sign Supplemental PPAs with Developers

Karnataka DISCOMs to Sign Supplemental PPAs with Developers

The power distribution companies (DISCOMs) in Karnataka have been asked by the state government to sign supplemental power purchase agreements (PPAs) with successful developers to set up 1,200 MW of ...
/ / Markets & Policy, Solar
India Renewable Energy

Solar Leads Renewable Energy Installations in India in FY 2016

According to figures released by The Ministry of New and Renewable Energy (MNRE), 45,916 MW of renewable energy has been installed as of September 2016. Wind still accounts for the ...
/ / Solar, Utility Scale
TANGEDCO Issues RfS to Procure 500 MW of Solar Power in Tamil Nadu, Any Takers?

TANGEDCO Issues RfS to Procure 500 MW of Solar Power in Tamil Nadu, Any Takers?

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has issued a request for selection (RfS) to procure 500 MW of solar power from developers in Tamil Nadu through reverse auction ...
/ / Solar, Tenders & Auctions
India's Renewable Energy Installed Capacity Doubles with the Inclusion of Hydro

India’s Renewable Energy Installed Capacity Doubles with the Inclusion of Hydro

At the recently conducted Power Ministers’ conference in Goa, Hydro power has been granted renewable energy status. It was also decided that a separate renewable energy purchase obligation (RPO) should ...
/ / Other, Other Energy
US Presses for Rapid Enforcement of WTO Ruling in India Solar Domestic Content Case

US Presses for Rapid Enforcement of WTO Ruling in India Solar Domestic Content Case

The United States is pressing the World Trade Organization (WTO) for rapid enforcement of findings where the WTO rejected India’s appeal of their ruling in favor of the U.S. challenge ...
/ / Markets & Policy, Solar
Piyush Goyal

Power Ministry Looking into Stricter Enforcement of ‘Must Run’ Status for Renewable Projects

India’s Minister of State with independent charge for power, coal and renewable energy, Shri Piyush Goyal, spoke to reporters on the side-lines of Indian Electrical and Electronics Manufacturers’ Association (IEEMA) ...
/ / Markets & Policy, Solar
Adani Commissions 648 MW Solar Project in Tamil Nadu After Evacuation Delays

Adani Commissions 648 MW Solar Project in Tamil Nadu After Evacuation Delays

Adani Green Energy has successfully commissioned a 648 MW solar project in Kamuthi, Tamil Nadu. The cost of the project was $679 million (~Rs.45.6 billion) and took eight months to ...
/ / Solar, Utility Scale
With Low Demand and Cheaper Power on Exchanges, DISCOMs Flouting Solar's ‘Must Run' Status

With Low Demand and Cheaper Power on Exchanges, DISCOMs Flouting Solar’s ‘Must Run’ Status

According to Mercom Capital Group’s latest report, India Solar Quarterly Market Update, the power deficit numbers in India do not paint the full picture. Though low power deficit and even ...
/ / Markets & Policy, Solar
India Loses WTO Solar Appeal but May Find Other Ways to Subsidize Domestic Manufacturers

India Loses WTO Solar Appeal but May Find Other Ways to Subsidize Domestic Manufacturers

The World Trade Organization (WTO) upheld its earlier ruling and has rejected India’s appeal against Domestic Content Requirements (DCR) for manufacturing solar cells and modules and agreed that India’s localization ...
/ / Markets & Policy, Solar
Solar Installations in India to Reach 4.8 GW in 2016 with a 21 GW Development Pipeline

Solar Installations in India to Reach 4.8 GW in 2016 with a 21 GW Development Pipeline

Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market. According to the report, India has reached 2.8 GW ...
/ / Markets & Policy, Solar
Solar Fastest Growing New Energy Source in India

Solar Fastest Growing New Energy Source in India, Installations Surge in First 5 Months of 2016, Exceeding All of Previous Year

India solar development pipeline now stands at 22 GW, more than 13 GW under construction Mercom Capital Group, a global clean energy communications and research firm released its quarterly update ...
/ / Solar, Utility Scale
Solar Installations in India to Double

Solar Installations in India to Double in 2016 with More than 4 GW, Reports Mercom Capital Group

Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market. Mercom forecasts more than 4 GW in total solar ...
/ / Solar, Utility Scale
Solar Installations in India for 2016

Mercom Capital Group Forecasts 3.6 GW of Solar Installations in India for 2016

Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market. Mercom forecasts about 2,150 MW in solar installations for ...
/ / Solar, Utility Scale
Indian Solar Market Ready to Takeoff

Indian Solar Market Ready to Takeoff Says Mercom Capital Group Raising Solar Installation Forecast to 2.5 GW for 2015

Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar market. Mercom’s forecast for solar installations in India for calendar ...
/ / Markets & Policy, Solar
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