Haryana Sets Levelized Tariff of ₹2.86/kWh for a 50 MW Solar Project

Haryana Sets Levelized Tariff of ₹2.86/kWh for a 50 MW Solar Project

The Haryana Electricity Regulatory Commission (HERC) has set a levelized tariff of ₹2.86 (~$0.038)/kWh for a 50 MW solar project in Haryana's Sirsa district. Avaada Green HN Project Private, a ...
/ / Markets & Policy, Solar
Time for Open Access Solar is Now for C&I Segment in the Wake of Coal Crisis

Time for Open Access Solar is Now for C&I Segment in the Wake of Coal Crisis

The power crisis triggered by depleting coal stocks in thermal plants appears to have eased to some extent, but it has provided a wake-up call to the Indian industrial sector ...
If Coal Shortage Impacts Power Consumption, Can Solar Save The Day

If Coal Shortage Impacts Power Consumption, Can Solar Save the Day?

India is seeing a surge in power demand, with industrial and economic activity picking up pace in the past few months. But thermal power plants are in a crisis as ...
/ / Mercom Research Focus, Other
Haryana Sets Levelized Tariff of ₹2.58kWh for a 20 MW Solar Project

Haryana Sets Levelized Tariff of ₹2.58/kWh for a 20 MW Solar Project

The Haryana Electricity Regulatory Commission (HERC) has set a tariff of ₹2.58 (~$0.035)/kWh for 20 MW of LR Energy's solar project. The tariff was determined after examining the capital cost component ...
/ / Markets & Policy, Solar
Multi-Year Tariffs Crucial For Visibility and Growth of Open Access Solar Market

Multi-Year Tariffs Crucial for Visibility and Growth of Open Access Solar Market

The open access solar market is steadily growing in India, providing a viable alternative for developers who do not wish to participate in extremely competitive auctions for large-scale projects or ...
/ / Mercom Research Focus, Other
Sterling and Wilson Subsidiary Increases Stake in its Middle East Arm to 100%

Sterling and Wilson Subsidiary Increases Stake in its Middle East Arm to 100%

Sterling and Wilson International Solar FZCO (SWFZCO) has announced in a BSE filing that it has fully acquired the equity share capital of Sterling and Wilson Middle East Solar Energy (SWME ...
/ / Finance and M&A, Solar
Sterling and Wilson Solar’s Revenue Jumps 11.8% in Q1 FY 2022

Sterling and Wilson Solar’s Revenue Jumps 11.8% in Q1 FY 2022

Sterling and Wilson Solar, the solar engineering and construction arm of the Shapoorji Pallonji Group, has recorded a revenue of ₹11.95 billion (~$161.12 million) in the first quarter (Q1) of the ...
/ / Markets & Policy, Solar
Uttar Pradesh Commission Rejects Part Commissioning of a 10 MW Open Access Solar Project

Uttar Pradesh Commission Rejects Part Commissioning of a 10 MW Open Access Solar Project

The Uttar Pradesh Electricity Regulatory Commission (UPERC), in a recent order, ruled that AMPSolar Evolution would not be allowed the part commissioning of its two new projects at Tilhar and ...
SECI Pays ₹6.61 Billion to Solar and Wind Developers for Power Purchased in June

SECI Pays ₹6.61 Billion to Solar and Wind Developers for Power Purchased in June

The Solar Energy Corporation of India (SECI) paid around ₹6.61 billion (~$89 million) to solar and wind developers for the power it purchased in June 2021, according to the data ...
/ / Markets & Policy, Solar
Sterling and Wilson Solar Records ₹2.9 Billion Loss in FY2021

Sterling and Wilson Solar Records ₹2.9 Billion Loss in FY2021

Shapoorji Pallonji Group Company’s end-to-end solar engineering, procurement, and construction (EPC) solutions provider Sterling and Wilson Solar declared its financial results for the year ended March 31, 2021, reflecting record ...
/ / Markets & Policy, Solar
ACME to Develop a 300 MW Solar Project In Partnership with Brookfield Renewable

ACME to Develop a 300 MW Solar Project in Partnership with Brookfield Renewable

Independent power producer ACME Solar has announced that it has closed a deal with Brookfield Renewable, a global owner and operator of renewable power assets, to jointly develop a 300 ...
/ / Solar, Utility Scale
Project Finance Brief AES Corporation to Acquire a 195 MW Solar Project in Indiana

Project Finance Brief: AES Corporation to Acquire a 195 MW Solar Project in Indiana

From: Mercom Capital Group AES Indiana, a subsidiary of the AES Corporation, is to acquire the Hardy Hills 195 MW solar project in Clinton County, Indiana. Construction on the project ...
/ / Other, Renewable Energy
UNOPS S3i, IFU Bring in Equity Investment for ACME’s 250 MW Solar Project

UNOPS S3i, IFU Bring in Equity Investment for ACME’s 250 MW Solar Project

ACME Solar has signed a shareholders' agreement with UNOPS S3i and IFU for developing a 250 MW solar project located in Rajasthan, India. In March 2019, ACME had won the ...
/ / Finance and M&A, Solar
Month in a Minute Top Headlines from Indian Renewable Sector in April 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in April 2021

Here is a recap of some of the most important headlines from April 2021: Distribution companies (DISCOMs) owed ₹123.45 billion (~$1.68 billion) to renewable energy generators (excluding disputed amounts) in ...
/ / Other, Renewable Energy
The Indian Solar Markets’ Top Players in 2020

The Indian Solar Markets’ Top Players in 2020

Solar installations in the calendar year (CY) 2020 totaled 3.2 GW, a 56% decline compared to 7.3 GW of capacity added in 2019. The Covid-19 outbreak brought the solar industry ...
Project Finance Brief_ Summit Ridge Secures $55 Million for 73 MW Solar Projects

Project Finance Brief: Summit Ridge Secures $55 Million for 73 MW of Solar Projects

From: Mercom Capital Group Summit Ridge Energy, an owner and operator of community solar projects, announced that it had secured a $55 million tax equity commitment from investment manager Foss & Company. The ...
/ / Other, Renewable Energy
Solar Industry Weighs in on the Basic Customs Duty Implications

Solar Industry Weighs in on the Basic Customs Duty Implications

The Ministry of New and Renewable Energy (MNRE) recently imposed a basic customs duty (BCD) of 40% on solar modules and 25% on solar cells, starting April 1, 2022. The ...
/ / Markets & Policy, Solar
Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020

Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020

Gujarat-based power generation company Torrent Power reported a slight decline in its revenue in the third quarter (Q3) of the financial year 2020 (FY 2020) to ₹29.53 (~$405.3 million) billion, down 4.3% ...
Open Access Solar Installations Increased by 56% in 2020 Despite Challenges

Open Access Solar Installations Increased by 56% in 2020 Despite Challenges

The total installed capacity in the open access (OA) market as of December 2020 stood at almost 4 GW, with a project development pipeline of over 1 GW, according to ...
Top Developments That Influenced the Rooftop Solar Sector in 2020

Top Developments That Influenced the Rooftop Solar Segment in 2020

Rooftop solar is still one of the easiest ways for consumers to go solar. Compared to utility-scale solar, the rooftop solar segment was especially hard hit from COVID-19 this year, ...
Where Does India’s Rooftop Solar Market Stand Since COVID-19 Lockdown_

Where Does India’s Rooftop Solar Market Stand Since COVID-19 Lockdown?

India's rooftop solar industry has started recovering steadily from the adverse effects of the COVID-19 pandemic, with the country returning to normalcy following the easing of lockdown restrictions in phases ...
/ / Mercom Research Focus, Other
Haryana Regulator Allows For Nine Months to Commission a 50 MW Open Access Solar Project

Haryana Regulator Allows For Nine Months to Commission a 50 MW Open Access Solar Project

The Haryana Electricity Regulatory Commission (HERC) has issued an order extending the scheduled commissioning date (SCOD) for a 50 MW open access solar project in the state. It also approved ...
Why Rooftop Solar Makes Sense for C&I Businesses During COVID-19

Why Rooftop Solar Makes Sense for C&I Businesses During COVID-19

The global Coronavirus pandemic has made commercial and industrial customers realize that going solar is one of the best ways to cut down operational costs. Energy costs account for around ...
Here Are India’s Solar Market Leaders for 1H of 2020

Here Are India’s Solar Market Leaders for 1H of 2020

Mercom India Research released its latest India Solar Market Leaderboard 1H 2020, which reveals the Indian solar industry's market leaders, from the first half (1H) of the calendar year (CY) ...
/ / Mercom Research Focus, Other
Cost to Install Solar System on a Residential Rooftop Can Range from ₹45,000 to ₹85,000

Cost to Install a 1 kW Solar System on a Residential Rooftop Can Range from ₹45,000 to ₹85,000

In the third article of our series covering all you need to know about rooftop solar systems, we will focus on the installation process. This quick guide will help you ...
/ / Consumers, Solar