Author Archives: Sumit Jha

About Sumit Jha

Sumit Jha, Assistant Managing Editor at Mercom India
Sumit Jha is the Assistant Managing Editor at Mercom India. Prior to Mercom, Sumit worked as a journalist for over a decade, covering the energy sector for Reuters, CNBC-TV18, Bloomberg TV India, and Financial Express, among others. Sumit holds a diploma in print journalism from the Indian Institute of Mass Communication, Delhi, and a Bachelor of Engineering (B.E) from Manipal Institute of Technology.More articles from Sumit Jha

sumit@mercomindia.com

@mavsumit

APTEL Cancels Additional Surcharge on Wheeling Charges for Captive Power Consumers

APTEL Cancels Additional Surcharge on Wheeling Charges for Captive Power Consumers

The Appellate Tribunal for Electricity (APTEL) has set aside Madhya Pradesh Electricity Regulatory Commission’s (MPERC) order upholding the state-owned distribution company’s (DISCOM) move to levy an additional surcharge on the ...
/ / Markets & Policy, Solar
Ireland to Mandate Renewable Energy Share in Heat Sector by 2024

Ireland to Mandate Renewable Energy Share in Heat Sector by 2024

Ireland's government will make it mandatory for the heat sector to include a share of renewable energy in their services by 2024. Currently, the country's heating sector is substantially behind ...
/ / Other, Renewable Energy
Canadian Solar's Q3 Net Income Soars 123% to $78.5 Million on Strong Demand

Canadian Solar’s Q3 Net Income Soars 123% to $78.5 Million on Strong Demand

Solar module manufacturer Canadian Solar reported a net income of $78.5 million for the third quarter (Q3) of the financial year 2022, a surge of 123% year-over-year (YoY) on the ...
/ / Finance and M&A, Solar
Solar Developers Are Struggling to Receive Compensation Under Change in Law

Solar Developers are Struggling to Receive Compensation Under Change in Law

Many ‘Change in Law’ petitions on safeguard duty filed in 2018 are still pending disposal DISCOMs drag on litigations for years Unresolved petitions restrict cash flow and make loans more ...
ReNew Power’s Q2 FY23 Revenue Inches Up by 5% YoY

ReNew Power’s Q2 FY23 Revenue Inches Up by 5% YoY

Independent renewable power producer ReNew Power posted revenue of ₹22.4 billion ($275 million) in the second quarter (Q2) of the financial year (FY) 2023, up 5.1% year-over-year (YoY). The revenue ...
Mercom’s Clean Energy Meet Expands Awareness on Cost Savings, Increasing Brand Value

Mercom’s Clean Energy Meet Expands Awareness on Cost Savings, Increasing Brand Value

Green energy adoption is indisputably good for businesses despite a less than conducive regulatory environment and the recent spike in the input cost for solar installation, industry experts said at ...
Array Technologies Swings to Profit in Q3 on Higher Sales Volume and Prices

Array Technologies Swings to Profit in Q3 on Higher Sales Volume and Prices

Solar tracker manufacturer Array Technologies swung to profit in the third quarter (Q3) of 2022 on the back of strong growth in sales volume and prices. The company’s quarterly net ...
/ / Finance and M&A, Solar
Uniform Solar Tariff Idea Faces Pushback from Intermediaries like SECI, NVVN

Uniform Solar Tariff Plan Expected to Expedite Power Purchase Agreements

(The article has been modified based on new information) The proposed system for a ‘Uniform Solar Tariff’ under a central pool (ISTS-connected projects) is aimed at persuading reluctant state-owned power ...
/ / Mercom Research Focus, Solar
Adani DISCOM to Procure 1 GW Renewable Power Bundled with Thermal

Adani DISCOM to Procure 1 GW Renewable Power Bundled with Thermal

Maharashtra Electricity Regulatory Commission (MERC) has allowed Adani Electricity Mumbai (AEML) to procure 1,000 MW of renewable power bundled with thermal (500 MW plus an additional 500 MW under the ...
African Clean Energy Transition Debate Must Acknowledge Country-wise Diversity

African Clean Energy Transition Debate Must Acknowledge Country-wise Diversity

The immense benefits of a high renewable energy share in the African energy mix are indisputable, but the objective can be met only by adopting a country and context-specific strategy ...
/ / Other, Renewable Energy
Government Shuts Door on Solar Projects Hoping for Concessional Import Duty

Government Shuts Door on Solar Projects Hoping for Concessional Import Duty

The government has amended the Project Import Regulations, 1986 to specifically exclude solar power projects from the purview of the law, effectively shutting down a legal route for developers to ...
Reliance Acquires 20% Stake in Module Technology Firm Caelux for $12 Million

Reliance Acquires 20% Stake in Perovskite-based Solar Tech Firm Caelux for $12 Million

Reliance New Energy (RNEL), a wholly-owned subsidiary of Reliance Industries, has acquired a 20% stake for $12 million in California-headquartered Caelux Corporation, a company developing perovskite-based solar technology to enhance ...
/ / Finance and M&A, Solar
Why Mandatory Standards for Solar Module Mounting Structures are a Priority

Why Mandatory Standards for Solar Module Mounting Structures are a Priority

The absence of mandatory standards for module mounting structures in solar projects often leads to hidden costs for developers, bringing down the projects' efficiency in the long run while allowing ...
/ / Mercom Research Focus, Solar