Author Archives: Saumy Prateek

About Saumy Prateek

Saumy Prateek Saumy has been with MercomIndia.com as a staff reporter covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.

saumy@mercomindia.com

@pratsays

MAHAGENCO Tenders 750 MW of Solar Projects for Agricultural Feeders

MAHAGENCO Tenders 750 MW of Solar Projects for Agricultural Feeders

The Maharashtra State Power Generation Company (MAHAGENCO) has tendered 750 MW of grid-connected solar photovoltaic (PV) projects to cater to the agricultural (AG) feeder load of various substations across the ...
MNRE Extends Commissioning Date of Solar Projects Affected by GST

MNRE Extends Commissioning Date of Solar Projects Affected by GST

The Ministry of New and Renewable Energy (MNRE) has issued an order extending the commissioning date (COD) of solar photovoltaic (PV) projects that were affected after the imposition of Goods ...
Indian Solar Imports Were Up by 20% in FY 2018

Indian Solar Imports Were Up by 20% in FY 2018

Compared to FY 2016-17, Indian solar imports witnessed a 20 percent spike from approximately $3.19 billion in FY 2016-17 to nearly $3.83 billion in FY 2017-18. Imports increased toward the ...
MNRE Amends VGF Program Guidelines for Solar Projects

MNRE Amends VGF Program Guidelines for Solar Projects

The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for the implementation of the viability gap funding (VGF) program for solar photovoltaic (PV) projects under National Solar ...
Competitive Bidding Guidelines for Power Procurement from Solar Projects Amended

Competitive Bidding Guidelines for Power Procurement from Solar Projects Amended

The Ministry of Power (MoP), Government of India, has amended the competitive bidding guidelines for the procurement of power from grid-connected solar photovoltaic (PV) projects. Amendments The MoP has increased ...
MNRE Announces 30 GW Offshore Wind Target by 2030

MNRE Announces 30 GW Offshore Wind Target by 2030

To give confidence to the country’s wind industry, the Ministry of New and Renewable Energy (MNRE) has now announced the medium and long-term target for offshore wind power capacity additions ...
/ / Other, Wind
Madhya Pradesh Retenders 22 MW of Grid-Connected Rooftop Solar Projects

Madhya Pradesh Retenders 22 MW of Grid-Connected Rooftop Solar Projects

The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has retendered 22 MW of rooftop solar PV projects to be set up under RESCO model in the state. The bid-submission deadline ...
Azure Power Reports Revenue of $118.3 Million in Fiscal Year 2018

Azure Power Reports Revenue of $118.3 Million in Fiscal Year 2018

Azure Power (NYSE: AZRE), an independent solar power producer, has announced its consolidated financial results for the fourth quarter and fiscal year ending March 31, 2018. Total revenue during its ...
Adani Green Energy Starts Trading on the Bombay Stock Exchange

Adani Green Energy Starts Trading on Bombay Stock Exchange

Domestic renewable energy project developer, Adani Green Energy, has been listed on the Bombay Stock Exchange (BSE). According to the BSE filing, effective from June 18, 2018, the equity shares ...
Solar Projects for AG Feeders to Get a 30-Year Property Tax Rebate in Maharashtra

Solar Projects for AG Feeders to Get a 30-Year Property Tax Rebate in Maharashtra

In the state of Maharashtra, all the grid-connected solar photovoltaic (PV) projects developed under the Mukhyamantri Saur Krushi Vahini Yojana will not be required to pay property tax for a ...
SECI’s 2 GW ISTS-Connected Solar PV Tender Oversubscribed by 1.8 GW

SECI’s 2 GW ISTS-Connected Solar PV Tender Oversubscribed by 1.8 GW

The Solar Energy Corporation of India (SECI)’s 2 GW inter-state transmission system (ISTS)-connected grid-connected solar photovoltaic (PV) tender has been oversubscribed by 1.8 GW, highlighting the voracious appetite of developers ...
MNRE Issues Benchmark Cost for Off-Grid and Distributed Solar Generation

MNRE Issues Benchmark Cost for Off-Grid Solar Systems and Distributed Solar Generation

The Ministry of New and Renewable Energy (MNRE) has notified the new benchmark cost for off-grid solar photovoltaic (PV) systems and rooftop solar projects for the financial year (FY) 2018-19 ...
Ministry of Power Sets Solar RPO for FY 2019-20 at 7.25 Percent

Ministry of Power Sets Solar RPO for FY 2019-20 at 7.25 Percent

The Ministry for Power, Government of India, has set solar renewable purchase obligation (RPO) for financial year (FY) 2019-2020 at 7.25 percent. The non-solar RPO for FY 2019-2020 has been ...
Fourth Partner Energy Raises $70 Million from TPG Growth’s Rise Fund

Fourth Partner Energy Raises $70 Million from TPG Growth’s Rise Fund

Fourth Partner Energy, a distributed energy management company, raised a $70 million investment from The Rise Fund, a global impact investment fund managed by TPG Growth. Investec acted as the ...
/ / Finance and M&A, Solar
SECI Extends Bid-Submission Deadline for 750 MW Solar Tender

SECI Extends Bid-Submission Deadline for 750 MW Solar Tender

The Solar Energy Corporation of India (SECI) has extended the bid-submission deadline for the 750 MW of grid-connected solar photovoltaic (PV) capacity it had tendered in January 2018. The capacity ...
EV Adoption Could Generate $11 Billion for DISCOMs_ ASSOCHAM-EY

EV Adoption Could Generate $11 Billion for DISCOMs: ASSOCHAM-EY

Distribution companies (DISCOMs) in India are likely to witness to a windfall once mass adoption of electric vehicles (EVs) begins across the country, predicted a new study titled, Electrifying India: ...
With Over 3 GW Installed, Indian Solar Installations Surpass the US in Q1 2018

With Over 3 GW Installed, Indian Solar Installations Surpass the US in Q1 2018

The Indian solar market had its best quarter in which it surpassed the United States during the first quarter (Q1) of calendar year (CY) 2018. According to the recently released ...
Andhra Pradesh Issues Tender for 15 MW of Rooftop Solar Projects

Andhra Pradesh Issues Tender for 15 MW of Rooftop Solar Projects

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has tendered 15 MW of grid-connected rooftop solar photovoltaic (PV) projects to be set up atop government buildings across ...
Enphase to Acquire SunPower's Microinverter Business

Enphase to Acquire SunPower’s Microinverter Business

Enphase Energy and SunPower Corporation have announced the signing of a definitive agreement under which Enphase will acquire SunPower's microinverter business. Enphase will be acquiring the microinverter business for $25 ...
UPNEDA’s 1 GW Solar Tender Oversubscribed by 870 MW

UPNEDA’s 1 GW Solar Tender Oversubscribed by 870 MW

The 1 GW grid-connected solar photovoltaic (PV) tender issued by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has been oversubscribed by 870 MW. Initially, the 1 GW capacity ...
OREDA Tenders 6 MW Grid-Connected Solar Project on Behalf of HAL

OREDA Tenders 6 MW of Grid-Connected Solar Project on Behalf of HAL

The Odisha Renewable Energy Development Agency (OREDA) has tendered a 6 MW grid-connected solar photovoltaic (PV) project on behalf of Hindustan Aeronautics Limited (HAL) in Koraput, Odisha. The bid-submission deadline ...
Raasi Group to Setup Li-Ion Battery Manufacturing Unit in Tamil Nadu

Raasi Group to Set up Li-Ion Battery Manufacturing Unit in Tamil Nadu

The Central Electro Chemical Research Institute (CECRI), which comes under the Council of Scientific & Industrial Research (CSIR) and RAASI Solar Power Pvt Ltd have signed a Memorandum of Agreement ...
Infosys Sources Over 43% of its Electricity Needs From Renewable Energy

NTPC Issues Tenders for 36 MW of Solar in Telangana and Gujarat

The National Thermal Power Corporation (NTPC) has tendered a total of 36 MW of grid-connected solar photovoltaic (PV) projects to be developed in the states of Telangana and Gujarat. NTPC ...
WBREDA Retenders 10 MW of Solar Project to be Developed in West Bengal’s Nadia District

WBREDA Retenders 10 MW of Solar Project to be Developed in West Bengal’s Nadia District

The West Bengal Renewable Energy Development Agency (WBREDA) has retendered a 10 MW grid‑connected solar photovoltaic (PV) project to be developed in Bhajanghat in the state’s Nadia district. The bid-submission ...
Fortum to Sell 54 Percent Share of its Indian Solar Portfolio

Fortum to Sell 54 Percent Share of its Indian Solar Portfolio

Fortum, a Finnish energy company, has signed an agreement to sell a 54 percent stake in its solar power company in India to UK Climate Investments and Elite Alfred Berg ...
/ / Finance and M&A, Solar