Author Archives: Shaurya Bajaj

About Shaurya Bajaj

Shaurya Bajaj is a staff reporter for Mercomindia.com.

shaurya@mercomindia.com

@ShauryaBajaj5

Sweden’s Trine Helps Finance Greenlight Planet’s Off-Grid Solar Projects in India

ADB to Provide $12.2 Million Financing for Renewable Projects in Africa’s Tonga

The Asian Development Bank has announced that it will provide a $12.2 million financing for renewable energy projects under the Pacific Renewable Energy Investment Facility. This facility was approved by ...
/ / Other, Renewable Energy
IFC To Continue Supporting Private Sector Investments in Europe and Central Asia

ADB to Invest $50 Million in Avaada Energy for Expansion of Solar Projects in India

The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital ...
/ / Finance and M&A, Solar
Need for Green Energy Corridors Grows as Over 64 GW of Renewables are Connected to the Grid

India Needs to Spend $39 Billion on Transmission Infrastructure Revamp

India is one of the fastest growing economies in the world with increasing power demand in the coming years. Historically, the country has also been a power deficit with millions ...
/ / Grid, Grid Optimization
EESL Scraps its Tender for 10,000 EVs Due to Non-Availability of Chargers for Luxury Cars

Uttar Pradesh Approves EV Charging Tariffs for Various Segments of Consumers

After receiving comments and views from stakeholders through a public hearing held on March 7, 2019, the Uttar Pradesh Electricity Regulatory Commission (UPERC) has now approved the tariffs for electric vehicle ...
ReNew Raises $375 Million Through Green Bond Issue

ReNew Raises $375 Million Through Green Bond Issue

Indian renewable energy independent power producer (IPP) ReNew Power Limited, has announced that it has successfully concluded a green bond issue of $375 million. Barclays (B&D), Goldman Sachs, HSBC, J.P ...
/ / Finance and M&A, Solar
Green Climate Fund Approves $299 Million for Expansion of Renewable Projects in Africa

Green Climate Fund Approves $299 Million for Expansion of Renewable Projects in Africa

At its 22nd meeting, the Green Climate Fund (GCF) announced the approval of approximately $299.2 million to finance programs for electrification, combating climate change and economic development through renewable energy ...
/ / Other, Renewable Energy
MNRE Extends Implementation Timeline for 40 GW of Solar Parks in India

MNRE Addresses Land, Power Evacuation Issues in its Modification of Solar Park Program

The Ministry of New and Renewable Energy (MNRE) has issued a memorandum proposing modifications to the guidelines issued for its “Development of Solar Parks and Ultra Mega Solar Park Program, ...
/ / Markets & Policy, Solar
Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding

Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding

BBOXX, an off-grid clean energy technology provider, has announced that its funding initiative has reached the €6 million (~$6.78 million) mark. BBOXX was assisted by Trine, a company that helps ...
/ / Finance and M&A, Solar
Siemens Acquires KACO New Energy’s Solar String Inverter Business

Siemens Acquires KACO New Energy’s Solar String Inverter Business

German conglomerate Siemens has announced the acquisition of the string inverter business of the KACO new energy GmbH, a manufacturer of energy-related power electronics, for an undisclosed sum. The project ...
/ / Finance and M&A, Solar
Ola Raises $56 Million for Its Electric Mobility Business in India

Ola Raises $56 Million for Its Electric Mobility Business in India

Ola Electric Mobility, a company, backed by Ola, an Indian ride-sharing company, announced that it has raised a sum of ₹400 billion ($56.4 million) led by several of Ola’s early investors ...
/ / Electric Vehicles, Grid
World Bank Approves $185 Million Loan for 310 MW Renewable Energy Projects in Bangladesh

World Bank Approves $185 Million Loan for 310 MW Renewable Energy Projects in Bangladesh

The World Bank has approved $185 million to facilitate 310 MW of renewable energy generation capacity in Bangladesh to meet the growing demand for electricity in the country. The funding ...
India’s ₹100 Billion Budget to Promote Adoption and Manufacturing of Electric Vehicles

India’s ₹100 Billion Budget to Promote Adoption and Manufacturing of Electric Vehicles

The Union Cabinet has approved the proposal for the implementation of a program titled 'Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)' aimed ...
Solar Developers Complain They Have to Pay GST on Safeguard Duty, Request Reimbursement

Assam Lays Foundation for 70 MW Solar Park Project

Assam Chief Minister Sarbananda Sonowal has laid the foundation stone of the 70 MW Amguri Solar Park in Sivasagar district. The Assam Power Generation Corporation Ltd (APGCL) had issued a ...
Cambodia Invites Bids for a 60 MW Solar Project

Cambodia Invites Bids for a 60 MW Solar Project

Electricite du Cambodge (EDC), an electricity utility in Cambodia has invited bids to implement a 60 MW solar project in the country’s Kampong Chhnang province through an international competitive bidding ...
/ / Solar, Tenders & Auctions
EESL Launches Energy Efficient Air Conditioning Program

EESL Launches Energy Efficient Air Conditioning Program

Energy Efficiency Services Limited (EESL), a joint venture between the public-sector units of the Ministry of Power and the government of India, has launched a “Super-Efficient Air Conditioning Program” for ...
/ / Energy Efficiency, Other
KfW and Bank of Baroda to Refinance Solar Projects in India

KfW and Bank of Baroda to Refinance Solar Projects in India

German development bank, KfW, and Bank of Baroda have announced that they would extend funding of $113 million to refinance solar power projects in India under the Solar Partnership II ...
/ / Finance and M&A, Solar
Maldives Launches a 5 MW Solar Tender to be Developed in Greater Malé

Maldives Launches a 5 MW Solar Tender to be Developed in Greater Malé

The Government of the Republic of Maldives has invited investors and developers to install a 5 MW grid-tied solar photovoltaic system in the Greater Malé Region. The scope of work ...
/ / Solar, Tenders & Auctions
NITI Aayog Releases Proposal to Develop Electric Vehicle Charging Infrastructure in Delhi

Government Proposes $700 Million Plan for EV Infrastructure Revamp in the Next 5 Years

Recently, the Ministry of Power (MoP) in a meeting with the Fifteenth Finance Commission in New Delhi, proposed measures to support the development of Flue Gas Desulfurization (FGD) infrastructure and ...
Wind Matches Lowest Solar Winning Bid of ₹2.44/kWh in SECI’s 2 GW Auction

NTPC Invites Bidders to Enlist for Constructing its Wind Projects

NTPC Ltd. has invited online applications from bidders to enlist for its wind energy projects in India. The scope of work includes the detailed design, engineering, micro-siting, manufacture, supply, erection, ...
/ / Other, Wind
transmission project

AES, Mitsubishi and Tata Commission 10 MW Battery Energy Storage System in Delhi

The 10 MW grid-connected system will be owned by AES and Mitsubishi Corporation. Fluence, a supplier of energy storage technology jointly owned by Siemens and AES, supplied the Advancion lithium-ion ...
IREDA Green Masala Bonds

IFC Announces Investment of $75 Million in AC Energy’s Green Bonds

The International Finance Corporation (IFC) has announced that it has committed an investment of $75 million in the first-ever listed green bond issued and guaranteed by AC Energy, the power ...
/ / Markets & Policy, Solar
Tata Power and HPCL Sign MoU for Setting Up EV Charging Stations Across India

Government Proposes EV Charging Stations at Every 25 Kms on Roads

The Town and Country Planning Organization, Ministry of Housing, and Ministry of Urban Affairs have released amendments to Model Building By-Laws (MBBL) to provide for electric vehicle (EV) charging infrastructure ...
Amazon Sets Goal to Make 50% of shipments Net Zero Carbon by 2030

Amazon Sets Goal to Make 50% of Shipments Net Zero Carbon by 2030

Technology and e-commerce giant Amazon has announced that it aims to make 50 percent of all of its shipments with net zero carbon by 2030. The company plans on achieving ...
/ / Other, Renewable Energy
MAHAGENCO Announces a 138 MW Solar Tender

MAHAGENCO Announces a 138 MW Solar Tender

The Maharashtra State Power Generation Company Limited (MAHAGENCO) has announced a 138 MW (AC) tender for solar power projects in the vicinity of power stations of Maharashtra State Power Generation ...
/ / Solar, Tenders & Auctions
Vedanta’s Odisha Branch Invites Expression of Interest for Procuring Solar Power

Malaysia Launches a 500 MW Capacity Solar Tender

The Suruhanjaya Tenaga (Energy Commission of Malaysia) has issued a 500 MW large-scale solar tender in Peninsular Malaysia. Once commissioned, the solar projects will be connected to the grid and ...
/ / Solar, Tenders & Auctions