Consumer Power Tariffs to be Hiked Automatically When DISCOM Power Purchase Costs Rise

Consumer Power Tariffs to be Hiked Automatically When DISCOM Power Purchase Costs Rise

The Ministry of Power (MoP) has notified Electricity (Timely Recovery of Costs due to Change in Law) Rules, 2021, and asked states to allow distribution companies (DISCOMs) to pass on ...
/ / Grid, Market & Policy
First Phase of Market-Based Economic Dispatch of Power to Start from April 2022

First Phase of Market-Based Economic Dispatch of Power to Start from April 2022

The Ministry of Power (MoP) has released the framework for implementing the Market-Based Economic Dispatch (MBED) - Phase 1 program to reduce consumers’ power purchase costs by 5%. MBED will ...
/ / Grid, Utilities
Tigo Energy Secures $20 Million From Energy Growth Momentum in Funding

Smart Solar Module Technology Provider Tigo Energy Secures $20 Million in Funding

Tigo Energy, a U.S.-based smart solar module technology provider, has secured a $20 million investment in the latest funding round led by Energy Growth Momentum, a U.K.-based investment firm. The ...
/ / Finance and M&A, Solar
Electric Two-Wheeler Sales Decline By 5.46% in 2020

Electric Two-Wheeler Sales Decline By 5.46% in 2020

The sale of electric two-wheelers (E-2W) in India stood at 25,735 in 2020, a 5.46% decline compared to 27,224 in 2019, the Society of Manufacturers of Electric Vehicles (SMEV) has ...
/ / Electric Vehicles, Grid
Government Asks PGCIL to Offer 20-25% Rebate to DISCOMs on ISTS Charges

Government Asks PGCIL to Offer 20-25% Rebate to DISCOMs on ISTS Charges

The Power Grid Corporation of India Limited (PGCIL), a state-owned power transmission company, recently received a letter from the Ministry of Power to consider offering a rebate of about 20-25% ...
Rooftop Solar Solutions Provider MYSUN Raises ₹320 Million in Pre-Series A Funding

Rooftop Solar Solutions Provider MYSUN Raises ₹320 Million in Pre-Series A Funding

MYSUN, a Delhi-based technology platform for rooftop solar energy solutions, has raised ₹320 million (~$4.2 million) from its existing investors in a structured equity deal. This is a part of ...
/ / Finance and M&A, Solar
Brookfield Negotiates with ReneSola for its Distributed Solar Assets in China

Draft Model Regulation Issued for Grid-Interactive Distributed Renewable Sources

The Forum of Regulators (FoR) has issued draft model regulation for grid-interactive distributed renewable energy sources to be followed by all states in India. These regulations will apply to:  Prosumer ...
Gujarat provides Subsidy to 2,000 Consumers for Purchasing Two-Wheeler EVs

Gujarat Provides Subsidy to 2,000 Consumers for Purchasing Two-Wheeler EVs

Around 2,000 people have been provided subsidies for the purchase of two-wheeler Electric Vehicles (EVs) in the state of Gujarat. Each beneficiary has been provided a subsidy of 10,000 (~$156) ...