Author Archives: Wendy Prabhu

About Wendy Prabhu

Wendy PrabhuWendy is a co-founder of Mercom Capital Group, the parent company of Mercom India. Wendy is a contributing editor at MercomIndia.com and is responsible for content quality across the company and products. She has over 15 years of business and finance experience in the energy and technology markets. In addition to Mercom, Wendy has written for many other clean energy-focused blogs and publications.  More articles from Wendy Prabhu.

wendy@mercomcapital.com

@wendyprabhu

MNRE to Receive ~Rs.53.41 Billion (~$817 Million) From National Clean Energy Fund for FY2017-2018

MNRE to Receive ~Rs.53.41 Billion (~$817 Million) From National Clean Energy Fund for FY2017-2018

The Ministry of New and Renewable Energy (MNRE) will receive ~Rs.53.41 billion (~$817 million) from the National Clean Energy Fund (NCEF) for financial year 2017-2018. The National Clean Energy Fund ...
/ / Finance and M&A, Other
Power Supply

World Bank to Provide $25 Million Loan to Develop Transmission at Rewa Solar Park

The World Bank Group is providing $25 million (~Rs.1.65 billion) to develop transmission infrastructure at the Rewa Solar Park. The loan is being provided at an interest rate of 0.25 ...
/ / Finance and M&A, Solar
transmission project

Rs.72.68 Billion (~$1.09 Billion) Inter-Regional Power Transmission Project Approved

India’s transmission sector is getting some much needed funding in order to meet the country’s growing solar installations. Fifty-seven inter-regional power transmission projects have been approved under the Power System ...
/ / Grid, T&D
Power DISCOM Ratings

Rs.2.07 Trillion (~$30.99 Billion) of DISCOM Debt Restructured Under India’s UDAY Program Says Mr. Piyush Goyal

A total of ~Rs.2.07 trillion (~$30.99 billion) DISCOM debt has been restructured under the Ujwal DISCOM Assurance Yojana (UDAY) program in India. UDAY is a government program designed to facilitate ...
/ / Grid, Utilities
GST

India Generated 9.4 Billion Units of Solar Power in the Nine Month Period from April to December 2016, an 81% Increase Over the Same Period in 2015

Solar in India accounted for ~9,378 million units of electricity produced in the country during the nine-month period from April to December, 2016, an 81 percent increase over the same ...
/ / Solar, Utility Scale
ADB

PGCIL Secures $500 Million from ADB to Develop the Green Energy Transmission Corridor

The Asian Development Bank (ADB) is providing a $500 million (~Rs.33.4 billion) loan to Power Grid Corporation of India (PGCIL) for the development of Green Energy Corridor, according to a ...
/ / Other, Renewable Energy
ADB

Mercom Exclusive: One Year After Launch, UDAY Yet to Make a Big Impact

Dismal DISCOM (distribution company) credit profiles due to high debt, heavy losses and poor operational efficiencies affects every aspect of the Indian power sector and is directly responsible for large ...
/ / Mercom Research Focus, Other
UDAY Sikkim

Sikkim Becomes 22nd UDAY Signatory

Benefits of ~Rs.2.07 Billion ($0.03101 Billion) to be Realized by the State Sikkim has become the 21st Indian state to join the Ujwal DISCOM (distribution company) Assurance Yojana program. Sikkim ...
/ / Grid, Utilities
PGCIL

PGCIL Wins Bid to Develop 765 kV Transmission Project to Strengthen Eastern Grid

The Power Grid Corporation of India (PGCIL) has won the bid to construct a 765 kV transmission project in India’s Eastern Region (ERSS-XVIII). They won the bid through competitive bidding ...
/ / Grid, T&D
ReNew Power

Japan’s JERA Invests $200 Million in ReNew Power

JERA, a joint venture company of two of Japan’s largest utility companies – Tokyo Electric Power and Chubu Electric Power, invested $200 million for a 10 percent stake in India’s ...
/ / Finance and M&A, Other
shipping containers

CEEW: Solar Tariffs, Domestic Manufacturing and Jobs Expected to Increase after GST Rollout

Solar tariffs are expected to see a rise of 10 percent once the Goods and Services Tax (GST) is rolled out, according to a study by the Council on Energy, ...
/ / Other, Renewable Energy
CERC Releases White Paper on Energy Storage

CERC Releases White Paper on Energy Storage

The Central Electricity Regulatory Commission (CERC) has released a white paper on energy storage systems in an effort to generate discussion among the stakeholders and better understand users’ perceptions about ...
Solar Rooftop Allocation DMRC

Solar in India Generated 8.4 Billion Units of Electricity in the Eight Month Period from April to November 2016; 87% increase over the same period in 2015

Solar energy now accounts for 1 percent of the total electricity generated in India and 14.3 percent of total renewable power generated in the country. During the eight-month period from ...
/ / Commercial, Solar
rupees

$1.1 Billion in Funding and M&A Deals Announced in the Indian Solar Sector in Q4 2016

With solar installations in 2016 totaling 4 GW, financial activity was robust in the fourth quarter of 2016, with approximately $1.1 billion (~Rs.76.6 billion) in announced corporate, project funding and ...
/ / Finance and M&A, Solar
World Bank

World Bank Launches Global Solar Atlas in Partnership with International Solar Alliance

The World Bank, in partnership with the International Solar Alliance (ISA), launched the Global Solar Atlas, a free, web-based tool to help investors and policymakers identify potential sites for solar ...
/ / Solar, Technology
Finance

ADB Approves $390 Million Financing Package for ReNew Power to Develop 709 MW of Solar and Wind in India

The Asian Development Bank (ADB) has approved a $390 million (~Rs.26.54 billion) financing package for ReNew Power, an Indian renewable energy project developer. The funds will be utilized to develop ...
/ / Finance and M&A, Other
inverter

Top Eight Inverter Manufacturers Account for 96 Percent of India’s Solar Inverter Market

The top eight inverter manufacturers account for 96 percent of solar inverter market in India, led by ABB with 22 percent, followed by SMA Solar with 18 percent. To date, ...
/ / Inverters & BOS, Solar
Power lines

ABB to Construct 1,830 km Transmission Link for PGCIL

The Power Grid Corporation of India (PGCIL) has awarded a $640 million transmission project to ABB, a power and automation technology group. The project involves developing an ultra-high-voltage direct current ...
/ / Grid, T&D
Can Green Energy Transmission Corridor Development Keep Up with Rapid Renewable Energy Growth in India

Can Green Energy Transmission Corridor Development Keep Up with Rapid Renewable Energy Growth in India?

Recognizing the need for transmission infrastructure to cope with increasing renewable energy capacity, India is developing the Green Energy Corridor (GEC), a transmission network to connect renewable energy rich states ...
/ / Grid, T&D
IFC to Invest $125 Million in Hero Future Energies

IFC to Invest $125 Million in Hero Future Energies

The International Finance Corporation (IFC), a World Bank Group member, will invest $125 million (~₹8.5 billion) in Hero Future Energies, the renewable energy arm of Hero Group. “IFC, together with ...
/ / Finance and M&A, Solar
Tamil Nadu to Become 21st UDAY Signatory

Breaking: Tamil Nadu to Become 21st UDAY Signatory

Tamil Nadu is finally expected to join Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) program on Monday, according to sources. The state will become the 21st member state to join ...
/ / Grid, Utilities
solar project

Solar’s Share in India’s Power Generation on the Rise: Accounts for 1 Percent of Total Electricity Generated

With increasing installation activity, the solar sector has come a long way in the past two years in India. Solar energy now accounts for almost 1 percent of total power ...
/ / Solar, Utility Scale
Welspun Energy Divestment

Welspun Enterprises to Divest Entire 15.49 Percent Stake in Welspun Energy

Welspun Enterprises, an infrastructure company, has announced that it is going to divest its entire 15.49 percent stake in Welspun Energy, an independent power company. The Board of Directors has, ...
/ / Finance and M&A, Other
India Renewable Energy

Renewables on the Rise in India’s Energy Mix

Environmental concerns have led to a firm push toward solar and wind energy in India. The Ministry of New and Renewable Energy (MNRE) plans to add 175 GW of renewable ...
/ / Uncategorized
Loan

Bhageria Industries Secures $14 Million Loan with EXIM Bank to Set Up 30 MW of Solar in Maharashtra

Bhageria Industries, a manufacturer and supplier of dyes and intermediates, secured a Rs.950 million (~$14 million) loan with Export Import Bank of India (EXIM Bank). The funds will be utilized ...
/ / Solar, Utility Scale