Municipal Solid Waste-Based Project Stranded Due to COVID-19 Disruption
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has directed UP Power Corporation Ltd (UPPCL) and Ecogreen Energy Lucknow Pvt Ltd to come up with a firm agreement for the amended ...
![Five Lowest Solar Bids Recorded in 2019 [Infographics]](https://i0.wp.com/mercomindia.com/wp-content/uploads/2020/06/Five-Lowest-Solar-Bids-Recorded-in-2019-Infographics.png?fit=800%2C554&ssl=1)
Five Lowest Solar Bids Recorded in 2019 [Infographics]
India’s solar industry is extremely price-sensitive, where the difference of a single penny can make a difference. Over 16 GW of solar projects were auctioned in 2019, and the lowest ...
CERC Postpones New Deviation Settlement Regulations Again Amid COVID-19
The Central Electricity Regulatory Commission (CERC) has once again rescheduled the implementation of the fifth amendment to the deviation settlement mechanism regulations (DSM). The earlier date for its implementation was ...
Average Large-Scale Solar System Cost Declined by 12%, Rooftop by 9% YoY in Q1 2020
The average large-scale solar system cost was approximately ₹35 million (~$0.46 million) in Q1 2020, 12% lower compared to ₹40 million (~$0.53 million) during Q1 of 2019, according to Mercom’s ...
India on Pace to Install 65 GW of Solar by 2022, Far Off the 100 GW Goal
The Indian government’s goal of installing 100 GW of solar by the year 2022 is becoming tougher by the day, especially after the outbreak of the coronavirus pandemic. The country ...
HSBC and IFC Raise $474 Million Through Emerging Markets’ Green Bond Fund
The HSBC Global Asset Management and the International Finance Corporation (IFC), the financial arm of the World Bank Group, have announced the third closing of the HSBC Real Economy Green ...
Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19
Investments in the Indian solar industry totaled $970 million (~₹72.9 billion) in the first quarter (Q1) of 2020, according to Mercom’s Q1 2020 India Solar Market Update. Investments were 66% ...
Power Finance Corporation to Fund 225 MW Hydro Project in Madhya Pradesh
Government-owned Power Finance Corporation (PFC), a non-banking finance company (NBFC), has signed a memorandum of understanding (MoU) with Narmada Basin Projects Company Ltd (NBPCL) to fund 225 MW of hydroelectric ...
Power Ledger to Help Thailand Increase Digital Renewable Business Through Blockchain
Australia’s Power Ledger, a blockchain-based renewable energy trader, has announced a partnership with Thai Digital Energy Development (TDED) to create a blockchain-based digital energy business developing peer-to-peer (P2P) energy trading ...
New Generic Tariffs Announced for Renewable Projects in Goa and Union Territories
The Joint Electricity Regulatory Commission (JERC) has announced generic tariffs for solar, wind, and small hydro projects. The JERC has jurisdiction over the state of Goa, and union territories of ...
Bailing Out Power DISCOMs at Every Crisis is Not the Way to Fix Them
Distribution Companies (DISCOMs) have been a significant strain on the Indian power system. Their poor financial performance has been weighing down the entire sector with their inability to pay power ...
India’s Praj Industries Signs Agreement with Sweden’s Sekab to Supply Biofuel
Pune-based Praj Industries, a process, and project engineering company, recently signed a cooperation agreement with Sekab E-Technology AB, a Swedish cleantech company, to upgrade and commercialize base technology to produce ...
ONGC and NTPC to Set up a Joint Venture for Developing Renewable Projects
The Oil and Natural Gas Corporation (ONGC) has announced its plans to set up a renewable joint venture (JV) company with NTPC Limited, and it has signed a memorandum of ...
Renewable Energy Generation More Resilient to COVID-19 Challenges than Others: Report
The International Energy Agency (IEA) has said that global renewable installations might fall for the first time in 20 years due to the ongoing coronavirus crisis. Still, it can pick ...
India is Making Consistent & Measurable Progress in Energy Transition Since 6 Years: WEF
The World Economic Forum (WEF) has released its Energy Transition Index (ETI) report for 2020, which sheds light on the energy system performance and clean energy transition readiness of 115 ...
Goodbye Polycrystalline Solar Modules, Hello Mono PERC, HJT, Bifacial
Technology shift in the solar industry has been taking place rapidly across the globe, but India, a notoriously cost-sensitive market, has been slow to adapt and accept newer products. Higher ...
Mizoram Extends Deadline for Short-Term Supply of Non-Solar Renewable Power
The Power and Electricity Department of Mizoram (PEDM) has extended the date to submit bids for the short-term sale of surplus non-solar renewable power. The deadline has been extended to ...
Tata Power’s Subsidiary Acquires 10% Stake in Netherland’s Hydro Developer ABV
Tata Power International Pte Ltd (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has acquired a 10% equity stake in Adjaristqali Netherlands B.V. (ABV) from International Finance Corporation (IFC), ...
Researchers Develop Technology to Map Renewable Projects Across the Globe
Researchers at the University of Southampton have come up with a technology that can map the locations of renewable energy projects across the globe and provide valuable insights into the ...
COVID-19 Disrupts India’s Solar Growth, Installations Decline to 1.1 GW in Q1 2020
India installed 1,080 MW of solar capacity in the first quarter (Q1) of 2020, a 43% decline quarter-over-quarter (QoQ), compared to 1,897 MW installed in Q4 2019. The findings were ...
European Commission and India to Cooperate on Integrated Local Energy System Solutions
The European Commission’s (EC) Innovation and Networks Executive Agency (INEA) and the Indian Department of Science and Technology (DST) have called for proposals that make use of existing local energy ...
Karnataka Extends Renewable Purchase Obligation Compliance for FY 2020 to August
Amid the ongoing coronavirus (COVID-19) crisis and the nationwide lockdown, the Karnataka Electricity Regulatory Commission (KERC) has decided to extend the time for complying with the Renewable Purchase Obligation (RPO) ...
Waaree, Adani, Risen Largest Suppliers of Solar Modules in CY 2019
Waaree Energies, Adani Solar, and Risen Energy emerged as the top three suppliers of solar modules in India in terms of shipments in the calendar year (CY) 2019. These three ...
Barclays Likely to Stop Lending to Projects Based on Fossil Fuels
During the annual general meeting (AGM) of Barclays, a British multinational investment bank, nearly 24% of shareholders voted for Share Action’s resolution asking the bank to phase out financing for ...
By 2050, Mineral Demand to Soar by 500% Pushed by Renewable Expansion: World Bank
The World Bank Group (WBG) has released a report that said demand for key minerals used in clean energy technology could grow almost 500% by 2050 to meet growing demand ...
