Author Archives: Shaurya Bajaj

About Shaurya Bajaj

Shaurya Bajaj is a staff reporter for Mercomindia.com.

shaurya@mercomindia.com

@ShauryaBajaj5

Adani Seeks Bidders to Purchase 700 MW of Solar Power, With 350 MW under Greenshoe Option

Renewable Energy Projects Received $505 Million in Central Financial Assistance

In a question and answer session in Rajya Sabha, the Minister of Power and New and Renewable Energy, R.K Singh declared the state-wise central financial assistance (CFA) that was released ...
/ / Other, Renewable Energy
GRIDCO Tenders 200 MW of Grid-Connected Solar Projects in Odisha

Agra Air Force Station Announces 1.5 MW Solar Tender to Meet 90% of its Power Needs

The Indian Air Force’s Chief Engineer in Allahabad has issued tender for a 1.5 MW solar project at the Agra Air Force Station. The project is expected to meet up ...
/ / Solar, Tenders & Auctions
Coimbatore Smart City Issues Tender to Procure Energy Efficient LED Street Lights

Coimbatore Smart City Issues Tender to Procure Energy Efficient LED Street Lights

Coimbatore Smart City has issued a tender for the replacement of existing conventional street lights by smart LED energy efficient lamps. The scope of work of this tender also includes ...
/ / Energy Efficiency, Other
Haryana Reduces Electricity Tariffs to Counter Power Loss

Delhi DISCOMs Find New Ways to Combat Power Theft Cases, Recover Outstanding Bills

BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have announced that they have resolved around 37,000 cases through “Lok Adalats” (an alternative dispute redressal mechanism) in association ...
/ / Markets & Policy, Solar
NIWE, Solar Energy, Tamil Nadu, IIM, India, Tender

Tender Announced for 2 MW of Solar Projects at IIM Trichy

The National Institute of Wind Energy (NIWE) has launched a tender to develop a 2 MW solar project at the Indian Institute of Management (IIM) in Tiruchirappalli, located in the ...
/ / Solar, Tenders & Auctions
Open Access Banked Units Can be Adjusted If Power Sourced from Same Generator: MERC

Uttar Pradesh Jal Nigam Launches a 1.8 MW Solar Tender

The Uttar Pradesh Jal Nigam (UPJN), state utility managing water supply and sewerage facilities has announced a tender to develop a 1.8 MW solar project. The rooftop/ground-mounted solar project will ...
/ / Solar, Tenders & Auctions
Payment Security Mechanism for Solar Projects under VGF Program Gets ₹5 Billion Fund

Payment Security Mechanism for Solar Projects under VGF Program Gets ₹5 Billion Fund

The Ministry of New and Renewable Energy (MNRE) has announced the guidelines for the payment security mechanism (PSM) for projects allocated under the viability gap funding (VGF) program. This has ...
/ / Markets & Policy, Solar
MERC Approves PPAs for Solar Projects Totaling 235 MW in Maharashtra

Increase in Operational Solar Capacity Takes Adani Green’s Revenue up by 4% in Q3 FY19

Adani Green Energy Limited (Adani Green), a part of Adani Group, today announced its financial performance for the nine months and third quarter ending December 31, 2018. The company announced ...
/ / Markets & Policy, Solar
Phelan Energy Group Secures Financing for a 86 MW Solar Project in South Africa

Phelan Energy Group Secures Financing for a 86 MW Solar Project in South Africa

Phelan Energy Group has announced that in December 2018, its subsidiary, Solar Capital reached financial close on its third solar project. The project, located in South Africa, has a capacity ...
/ / Markets & Policy, Solar
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

Power Finance Corporation’s Acquisition of 52% Stake in REC Approved

The Competition Commission of India has announced that it has approved Power Finance Corporation’s (PFC) acquisition of 52% stake in Rural Electrification Corporation (REC). In December 2018, the acquisition received ...
/ / Markets & Policy, Solar
SECI Likely to Issue RfS for 2.5 GW of Solar in Kargil by December 31, 2018

EBRD to Finance a 50 MW Solar Project in Southern Kazakhstan

The European Bank for Reconstruction and Development (EBRD) has announced the financing of a 50 MW solar power project in southern Kazakhstan. The proposed financing package arranged by the EBRD ...
/ / Markets & Policy, Solar
Maharashtra’s Saibaba Trust Issues Tender for 10 MW of Solar Project

UAE-Based Developer Yellow Door Raises $65 Million Investment to Scale Solar Energy

Yellow Door Energy (Yellow Door), a UAE-based solar developer, has announced that it has raised $65 million in a Series A financing round to scale its investments in solar energy and energy ...
/ / Finance and M&A, Solar
BlackRock Real Assets Power and Energy Infrastructure Fund Raises $1.5 Billion

Evolution II Fund Closes $7.47 Million Investment for Solar Projects in Africa

Inspired Evolution, an Africa-focused investment advisory firm that specializes in the clean energy sector, closed a ZAR 100 million ($7.47 million) investment facility by its Evolution II Fund into Commercial ...
/ / Markets & Policy, Solar
Maharashtra Takes a Tough Stance on Solar and Non-Solar RPO Enforcement

AfDB Approves $25 Million Renewable Energy Fund for Projects in Sub-Saharan Africa

The African Development Bank Group (AfDB) has announced an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a $250 million private equity fund that ...
/ / Markets & Policy, Solar
Saudi Arabia Announces 1.5 GW Solar Tender

Saudi Arabia Announces 1.5 GW Solar Tender

In line with the country’s National Renewable Energy Programme (NREP), Saudi Arabia’s Renewable Energy Project Development Office (REPDO), has invited expressions of interest for seven greenfield solar PV projects with ...
/ / Solar, Tenders & Auctions
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt

Germany’s KACO New Energy Sells South Korean Business to OCI Power

KACO new energy GmbH, a German solar inverter manufacturer, has announced that it has entered into an agreement with South Korean chemical and renewable energy group OCI for the sale ...
/ / Markets & Policy, Solar
Jammu & Kashmir to get 23 GW of Solar Projects Starting With 2.5 GW in Kargil and 5 GW in Leh

NLC India Inks Pact with TANGEDCO to Set Up 1 GW of Solar Projects in Tamil Nadu

Government-owned mining and power generating company, NLC India (NLCIL), has announced that it has signed a memorandum of understanding (MoU) with the Tamil Nadu government to develop 2,640 MW of ...
/ / Markets & Policy, Solar
Tripura University Installs 500 kW Rooftop Solar System

Tripura University Installs 500 kW Rooftop Solar System

Tripura University, established under the central government of India, has announced that it has installed rooftop solar systems totaling 500 kW at its premises, spread over multiple buildings at the ...
/ / Rooftop, Solar
Open Access Banked Units Can be Adjusted If Power Sourced from Same Generator: MERC

Sunseap Group Acquires Minority Stake in Australian EPC Company Todae Solar

Sunseap Group has acquired a minority stake in Todae Solar, an Australian commercial and industrial engineering, procurement and construction (EPC) solar company. According to Sunseap, a Southeast Asia-based renewable energy ...
/ / Finance and M&A, Solar
BlackRock Real Assets Power and Energy Infrastructure Fund Raises $1.5 Billion

AIIM to Invest $31 Million in Off-Grid Solar Solutions Provider BBOXX for a Minority Stake

BBOXX, an affordable clean energy solutions provider to off-grid communities in Africa, has announced that Africa Infrastructure Investment Managers (AIIM), through its AIIF3 fund, is investing $31 million for a minority stake ...
/ / Finance and M&A, Solar
Haryana Electricity Regulator Approves PPA with Deviations for a 10 MW Solar Project

Adani Green Energy Acquires Remaining 51% Stake in Karnataka’s Kodangal Solar Parks

Adani Green Energy has announced the acquisition of a 51 percent equity share capital in Kodangal Solar Parks Private Limited (KSPPL), comprising a 20 MW solar project which was incorporated ...
/ / Finance and M&A, Solar
Scatec Solar Closes Financing for a 47 MW Project in Malaysia

Scatec Solar Closes Financing for a 47 MW Project in Malaysia

Solar project developer Scatec Solar, along with its partners has closed the financing for a 47 MW Redsol project in northwest Malaysia with a total investment of approximately $47 million ...
/ / Finance and M&A, Solar
Off-Grid Solar Solutions Provider SolarHome raises $1 Million in Convertible Note Offering

Rays Power Infra Raises $28 Million to Expand its Solar Business

Solar developer Rays Power Infra has announced that it has secured ₹2 billion (~$28.4 million) through hybrid debt and equity financing from lender and asset management firm DMI Finance (DMI). The company ...
/ / Finance and M&A, Solar
Dispute Over One Day Commissioning Delay Causes 30% Solar Tariff Reduction in Karnataka

Emami’s Solar Unit Demerges from its Cement Business

The Kolkata bench of the National Company Law Tribunal (NCLT) has approved the request made by Indian conglomerate Emami Group to demerge its solar power business (Emami Power) from the ...
/ / Markets & Policy, Solar
India Announces New Energy Conservation Building Code for Residential Buildings

India Announces New Energy Conservation Building Code for Residential Buildings

The Ministry of Power (MoP) has announced the ECO Niwas Samhita 2018, which is the Energy Conservation Building Code for residential buildings (ECBC-R). The implementation of this code is expected ...
/ / Energy Efficiency, Other