Author Archives: Shaurya Bajaj

About Shaurya Bajaj

Shaurya is a staff reporter at MercomIndia.com with experience working in the Indian solar energy industry for the past four years in various roles. Prior to joining Mercom, Shaurya worked with a renewable energy developer and a consulting company. Shaurya holds a Bachelors Degree in Business Management from Lancaster University in the United Kingdom. 

shaurya@mercomindia.com

@ShauryaBajaj5

PFC Tenders Transmission Systems for 2.5 GW of Wind Projects in Tamil Nadu

PFC Tenders Transmission Systems for 2.5 GW of Wind Projects in Tamil Nadu

PFC Consulting, a subsidiary of Power Finance Corporation, has issued a tender for shortlisting transmission service providers. These service providers will help develop transmission systems for the evacuation of 2.5 ...
/ / Grid, T&D
Letter of Credit Has not Been Effective as Payment Security for Solar Developers

Letter of Credit Has not Been Effective as Payment Security for Solar Developers

To tackle the risks related to delays in payments to independent power producers, the Ministry of Power (MoP) recently mandated state-owned distribution companies (DISCOMs) to issue a letter of credit ...
Andhra High Court Stays APERC’s Public Hearing to Revise Solar Tariffs

Andhra High Court Stays APERC’s Public Hearing to Revise Solar Tariffs

The Andhra Pradesh high court has stayed the notice issued by the Andhra Pradesh Electricity Regulatory Commission (APERC) for public hearings to revise solar tariffs. The APERC was expected to ...
/ / Markets & Policy, Solar
Traded Volumes of Solar RECs Witness 45% Decline in November 2019

Traded Volumes of Solar RECs Witness 45% Decline in November 2019

In the November 2019 renewable energy certificate (REC) trading session, there was a significant decrease in the number of solar and non-solar RECs that were traded when compared with the ...
/ / Markets & Policy, Solar
Solar Tender, Auction & Commissioning Delays Causing Liquidity Issues for Developers

Solar Tender, Auction & Commissioning Delays Causing Liquidity Issues for Developers

According to several solar developers Mercom interacted with recently, there was unanimous agreement that the cost of participating in large-scale solar tenders has reduced their ability to actively bid for ...
/ / Mercom Research Focus, Other
RBI Relaxes External Commercial Borrowing Norms to Benefit Solar & Wind Companies

RBI Relaxes External Commercial Borrowing Norms to Benefit Solar & Wind Companies

In January 2019, National Solar Energy Federation of India (NSEFI) wrote to the Reserve Bank of India (RBI) to carve out a special category to allow External Commercial Borrowings (ECB) ...
/ / Markets & Policy, Other
New Guidelines Restrict Short-term Equity Investment in Solar Projects

New Guidelines Restrict Short-term Equity Investment in Solar Projects

In an amendment to the competitive bidding guidelines for procuring power from grid-connected solar PV projects, issued by the MNRE in July 2019, it was noted that the project developers need to maintain a controlling shareholding of 51% in the SPV or project company executing the PPA. ...
/ / Mercom Research Focus, Other
Andhra Pradesh Amends its Solar, Wind and Hybrid Policy – Pulls Back Incentives

Andhra Pradesh Amends its Solar, Wind and Hybrid Policy – Pulls Back Incentives

The government of Andhra Pradesh has issued a notification amending the state’s policy for wind, solar, and wind-solar hybrid projects, taking away some vital incentives from the renewable generators. The ...
/ / Markets & Policy, Solar
Tariff Adoption Delays are Hurting Investments and Jobs in the Solar Sector

Tariff Adoption Delays are Hurting Investments and Jobs in the Solar Sector

According to Section 63 of the Electricity Act 2003, authorities such as the state electricity regulatory commissions (SERCs) are expected to adopt tariffs that have been discovered through a transparent ...
/ / Mercom Research Focus, Other
No ISTS Charges for Solar and Wind Projects Commissioned by December 2022

No ISTS Charges for Solar and Wind Projects Commissioned by December 2022

The Ministry of Power (MoP) has announced that interstate transmission system (ISTS) charges and losses on the transmission of electricity generated from solar and wind energy projects will be waived ...
/ / Markets & Policy, Solar
Solar Power Generation Dipped in the Third Quarter of 2019 By Nearly 14%

Solar Power Generation Dipped in the Third Quarter of 2019 By Nearly 14%

Solar power generation numbers declined by 14% quarter over quarter (QoQ) in the third (Q3) quarter of 2019. Solar power generation in India stood at 10,530 million units (MUs), according ...
/ / Mercom Research Focus, Other
Solar Now Accounts for 9.2% of India’s Total Installed Power Capacity

Solar Now Accounts for 9.2% of India’s Total Installed Power Capacity

In the quarter ending September 2019, India’s total renewable energy capacity (including large hydro) stood at 130.68 GW. This translates into approximately 35.7% of the total installed power capacity in ...
/ / Markets & Policy, Solar
Solar MSMEs are Not Benefiting from Safeguard Duty and Domestic Content Rules

Solar MSMEs are Not Benefiting from Safeguard Duty and Domestic Content Rules

Over the past year and a half, the government has launched several policy measures to support the domestic solar manufacturing industry — these range from the imposition of a safeguard ...
October’s Solar REC Trading Sees Record High Price of ₹2,400

October’s Solar REC Trading Sees Record High Price of ₹2,400

In October’s renewable energy certificate (REC) trading session, there was an increase in the number of solar and non-solar RECs that were traded compared with the trading activity recorded in ...
/ / Markets & Policy, Solar
Solar Inverter Supplier Ginlong Reports 82% Jump in Revenue During Q3 2019

Solar Inverter Supplier Ginlong Reports 82% Jump in Revenue During Q3 2019

String solar inverter supplier, Ginlong Technologies, has reported revenues of $52 million in the third quarter (Q3) of the calendar year 2019 compared to Q3 2018. This jump in revenue ...
/ / Markets & Policy, Solar
MNRE’s New Solar Bidding Guidelines Say No Power Backdown Without Formal Instructions

MNRE’s New Solar Bidding Guidelines Say No Power Backdown Without Formal Instructions

To expedite and streamline the process of developing solar projects, the Ministry of New and Renewable Energy (MNRE) has issued amendments to its guidelines for the competitive bidding process. The ...
/ / Markets & Policy, Solar
Economic Slowdown Has Taken a Toll on Indian Rooftop Solar Market_ Solis Interview

Economic Slowdown Has Taken a Toll on Indian Rooftop Solar Market: Solis Interview

In August 2019, Mercom reported that in the first half of the year, the top five solar inverter manufacturers in China accounted for 36.44% of inverter exports globally from China ...
/ / Rooftop, Solar
ReNew, Avaada, UPC Renewables & Tata Power are Winners in the 960 MW SECI Auction

ReNew, Avaada, UPC Renewables & Tata Power are Winners in the 960 MW SECI Auction

The Solar Energy Corporation of India (SECI) has awarded 960 MW of inter-state transmission system (ISTS-VI) connected solar projects in a recently concluded auction. The auction winners included ReNew Power ...
/ / Solar, Tenders & Auctions
Gujarat Files Petition to Purchase Surplus Solar Power from MSMEs at ₹1.75_kWh

Gujarat Files Petition to Purchase Surplus Solar Power from MSMEs at ₹1.75/kWh

The Gujarat Urja Vikas Nigam Limited (GUVNL) recently filed a petition with the Gujarat Electricity Regulatory Commission (GERC) to get the tariff approved for purchasing surplus solar power generated by ...
/ / Markets & Policy, Solar
Maharashtra Releases Draft Regulation for Tariff Determination of Renewable Projects (1)

Maharashtra Releases Draft Regulation for Tariff Determination of Renewable Projects

The Maharashtra Electricity Regulatory Commission (MERC) has issued the draft version for its tariff determination regulation order for renewable projects that are commissioned in the state for the generation and ...
/ / Markets & Policy
Price Competition Translates into Technological Competition_ Growatt Interview (1)

Price Competition Translates into Technological Competition: Growatt Interview

For solar project developers in the country, the decision to choose one inverter over the other is becoming increasingly difficult, given the rapid expansion of the segment, and numerous entrants ...
/ / Markets & Policy, Solar
North-East India Continues to Have the Highest Power Supply Deficit in First Half of FY20

North-East India Continues to Have the Highest Power Supply Deficit in First Half of FY20

India’s power supply deficit stood at 0.5% during the six months between April and September 2019, according to the Central Electricity Authority (CEA). During these six months, 683,389 million units ...
/ / Markets & Policy, Other
Maharashtra’s Draft Policy Sets Solar RPO Target at 4.5% for 2020-21

Maharashtra’s Draft Policy Sets Solar RPO Target at 4.5% for 2020-21

The Maharashtra Electricity Regulatory Commission (MERC) has issued a draft policy announcing its renewable purchase obligation (RPO) from 2020 to 2025. The solar RPO targets mentioned in the policy draft ...
/ / Markets & Policy, Solar
APTEL Orders Karnataka DISCOM to Clear Dues of Azure Power for Solar Supply by November End

APTEL Orders Karnataka DISCOM to Clear Dues of Azure Power for Solar Supply by November End

In a case between Azure Power and Gulbarga Electricity Supply Corporation Limited (GESCOM), the Appellate Tribunal for Electricity (APTEL) has ordered the distribution company (DISCOM) to pay all of its ...
/ / Markets & Policy, Solar
Delhi to Procure Another Batch of 300 Electric Buses

Delhi to Procure Another Batch of 300 Electric Buses

To modernize its fleet sustainably, the Delhi Transport Corporation (DTC) has issued a tender to procure 300 low floor electric buses. Suppliers of the buses would be expected to provide ...