Author Archives: Soumik Dutta

About Soumik Dutta

Soumik is a staff reporter at Mercom India. Prior to joining Mercom, Soumik was a correspondent for UNI, New Delhi covering the Northeast region for seven years. He has also worked as an Asia Correspondent for Washington DC-based Hundred Reporters. He has contributed as a freelancer to several national and international digital publications with a focus on data-based investigative stories on environmental corruption, hydro power projects, energy transition and the circular economy. Soumik is an Economics graduate from Scottish Church College, Calcutta University.

soumik@mercomindia.com

@soumik_mercom

REC to Increase Loan Disbursements to Renewable Energy Segment in the Coming Years

ADB Announces $100 Million Assistance to Support Renewable Projects in the Pacific

As a part of its ongoing Pacific Renewable Energy Program, the Asian Development Bank (ADB) has approved an umbrella facility of up to $100 million to provide financing support including ...
/ / Other, Renewable Energy
Off-Grid Solar Solutions Provider SolarHome raises $1 Million in Convertible Note Offering

Off-Grid Solar Solutions Provider SolarHome Raises $1 Million Equity Funding from Trirec

Singapore-based startup SolarHome, a Pay-As-You-Go (PAYG) solar solutions provider for off-grid households in Myanmar, has secured another $1 million equity from its existing investor Trirec. In 2018, Trirec was joined ...
/ / Finance and M&A, Solar
Clean Solar Power to Get US$43.3 Million IFC Debt Financing

Hero Future Energies to Receive $43 Million from IFC for a 250 MW Solar Project in Rajasthan

Clean Solar Power (CSP), a step-down subsidiary of Hero Future Energies Global Ltd. (HFE), is set to receive a debt financing of up to $43.3 million from International Financial Corporation ...
Green Climate Fund Pledges $1 Billion to Fight Climate Change in Developing Countries

ASSOCHAM and REPA Join Hands to Expand Renewable Energy

The Associated Chambers of Commerce & Industry of India (ASSOCHAM) has inked a Memorandum of Understanding (MoU) with the Renewable Energy Promotion Association (REPA) in New Delhi for mutual collaboration ...
/ / Other, Renewable Energy
Tata Motors and Mahindra & Mahindra to Roll out EVs in Maharashtra

SBI’s New EV Car Loan Comes with Reduced Interest Rate, Relaxed Repayment Period

In March 2018, the Government of India launched the National E-Mobility Program to achieve 100% e-mobility by 2030. On World Earth Day 2019, SBI announced the launch of India’s first ‘Green ...
Hanergy and Bollore Group to Jointly Develop Solar EVs

Shared Mobility, Correct Vehicle Segment Can Fuel EV Uptake in India, Finds Ola

It would make good business sense to focus on developing EVs in the highest demand and utility sectors in the Indian vehicle market for two-wheelers and three-wheelers according to a ...
SECI Extends Bid Submission Deadline for its 2 GW Solar Tender

Azure Likely to Get Compensated for Increase in Solar Project Cost Due to Levy of Safeguard Duty

The Maharashtra Electricity Regulatory Commission (MERC) has provided relief to Azure Power in two cases in which it had requested the commission to consider the levy of safeguard duty as Change ...
/ / Markets & Policy, Solar
ADB to Provide $11.5 Million for 50 MW of Solar Projects in Kazakhstan

Amplus Signs Pact with Norway’s Kongsberg to Utilize Efficiency Enhancing Applications

Amplus Energy Solutions has signed a Memorandum of Understanding (MoU) with Norway’s Kongsberg Digital to utilize efficiency enhancing applications available in Kongsberg’s digital ecosystem, Kognifai. Gurgaon-based Amplus will explore opportunities ...
/ / Energy Efficiency, Other
GuarantCo and Sindicatum Renewables Sign Deal for Green Bonds Worth $60 Million

NBFC Electronica Finance Issues Green Masala Bonds Worth $10 Million

Zurich-based responsAbility AG, a leading asset manager for impact investments in emerging economies, has inked an agreement with Pune-based non-banking financial company (NBFC) Electronica Finance Limited (EFL) for the issuance ...
/ / Markets & Policy, Solar
Australia Approves 200 MW Wind-Solar Hybrid Project with Storage

India and Denmark to Work Together in the Offshore Wind Sector

The Union Cabinet has approved a cooperation agreement between the Ministry of New and Renewable Energy of India (MNRE) and Denmark’s Ministry for Energy, Utilities, and Climate in offshore wind ...
/ / Other, Wind