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 ...
Green Power Tariff: An Attractive Option for Consumers to Access Solar and Wind Power
Commercial and Industrial (C&I) consumers have multiple options of going green – setting up large-scale solar projects through open access models, rooftop solar systems, or purchasing renewable energy certificates. For ...
US Solar Market Adds a Record 5 GW in Q1 2021
According to the latest U.S. Solar Market Insight Q2 2021 report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the U.S. solar market has surpassed 100 GW of ...
India’s Solar Installations Up 88% YoY in Q1 2021 With 2.05 GW
India added 2,056 MW of solar in the first quarter (Q1) of 2021, a 37% increase quarter-over-quarter (QoQ), compared to 1,505 MW installed in the fourth quarter of 2020. These ...
Daily News Wrap-Up: Electric Utility EDP’s First Floating Wind Project to Come up in Spain
Here are some noteworthy cleantech announcements of the day from around the world: Electric utility company EDP announced the first floating wind farm in Spain for Asturias. The firm is promoting ...
Funding and M&A Roundup: Aker Horizons Acquires Mainstream Renewable Power
From: Mercom Capital Group Aker Horizons, an investment company, closed the transaction to acquire Mainstream Renewable Power, an independent renewable energy company. Existing Mainstream shareholders have re-invested and retained 25% ...
Project Finance Brief: Sonnedix and Cox Energy Secure $120 Million for Solar Projects in Chile
From: Mercom Capital Group Sonnedix, the global solar independent power producer, and Cox Energy América, a solar energy company, closed a $120 million financing from Sumitomo Mitsui Bank Corporation through ...
Stable, Conducive Policies and Low-Cost Finance Critical to Scale Rooftop Solar
Mercom recently held a virtual panel discussion on 'C&I Rooftop Solar – Best Shot at Reducing Operating Expenses' to understand how affordable and accessible rooftop solar is despite the visible ...
Funding and M&A Roundup: Solar Cell Manufacturer Exeger Raises $38 Million
From: Mercom Capital Group Exeger, the Sweden-based solar cell manufacturer, secured $38 million in financing to start building its new solar cell factory in Stockholm, Sweden. This financing round includes ...
Rooftop Solar – Saving Operating Cost for Businesses Hit by the Pandemic
Rooftop solar is among the cheapest sources of power, with nearly 50% lower tariffs than grid charges in many states. The segment's cost benefits make it an attractive energy option ...
C&I Project (Rooftop) of the Year: Orb Energy’s Rooftop Solar Project in Karnataka
Orb Energy, a solar energy solutions company, won the award for the 'Best C&I Project (Rooftop)' at the recently-held Mercom India Solar Summit 2021. There were seven award categories in ...
Rooftop Solar Cannot Thrive in a Restrictive Policy Environment
Rooftop solar has immense growth potential in India. However, the rooftop segment has been slow to get off the ground, thanks to inconsistent and restrictive government policy. A total of ...
Can Rooftop Solar Come out of Ground-Mount’s Shadow and Be the Next Big Thing?
Cumulative rooftop solar installations crossed the 5 GW mark at the end of 2020 but still make up a small portion of the 40 GW of solar installed in the ...
Distribution Companies Must Honor Power Purchase Agreements: Mercom Webinar
Mercom India hosted a webinar to discuss the key takeaways from the Indian Solar market in 2020 and the outlook for 2021. N.L. Sharma, Chairman and Managing Director of SJVN, ...
There is a Lot of Pent-Up Demand for Rooftop Solar: Interview
Rooftop solar systems remain one of the cheapest ways to go solar. The global COVID-19 pandemic helped commercial and industrial (C&I) businesses realize that going solar is one of the best ...
Singapore’s Solar Developer BlueLeaf Enters India with Majority Stake in Vibrant Energy
Blueleaf Energy, a Singapore-based renewable energy company, announced that it acquired a majority stake in an Indian clean energy solutions provider, Vibrate Energy Holdings, from ATN International. Blueleaf Energy specializes ...
Solar Plus Storage Solutions Provider, Yotta Energy, Raises $5 Million in Seed Funding
Yotta Energy, a U.S.-based solar storage solutions provider, announced that it raised $5 million in a seed funding round. Fiftysix Investments, Skyview Ventures, EDP Ventures, and other undisclosed investors participated ...
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 ...
CleanMax Secures $10 Million in Credit Facility to Expand its Rooftop Solar Business
The Global Climate Partnership Fund (GCPF) announced that it has provided Indian solar rooftop developer CleanMax with a $10 million (~₹743.08 million) credit facility to help it expand operations into Southeast ...
India’s Rooftop Solar Market – Where is it Now and Where is it Going?
India’s rooftop solar installations have been growing at a healthy pace so far but could slow down in the short-term, following the imposition of the safeguard duty earlier this year ...
Wartsila Enters Energy Storage Solutions Market in India
Finnish power conglomerate Wartsila, has announced its entry into the Indian energy storage market. The acquisition of Greensmith Energy Management Systems, a developer of grid-scale energy storage software and integrated ...
