India-China Border Tension Begins Affecting Domestic Solar Projects Adversely

India-China Border Tension Begins Affecting Domestic Solar Projects Adversely

The latest border dispute between India and China is starting to affect the Indian solar industry directly. The disruption in releasing the consignments at the ports has started to hurt ...
Industry Says Lockdown + 30-Days Extension for Stranded Solar Projects Not Enough

Industry Says Lockdown + 30-Days Extension for Stranded Solar Projects Not Enough

In April, the Ministry of New and Renewable Energy (MNRE) came up with a blanket commissioning time extension for all renewable energy projects under construction in the country because of ...
MNRE Clarifies Lockdown Period to be Considered for Renewable Project Extensions

MNRE Clarifies Lockdown Period to be Considered for Renewable Project Extensions

In an important clarification, the Ministry of New and Renewable Energy (MNRE) has announced that the period of nationwide lockdown due to COVID-19 will be considered from March 25, 2020, ...
Bengaluru’s Mobility Firm Yulu Raises ₹300 Million from US-Based Rocketship.VC

Bengaluru’s Mobility Firm Yulu Raises ₹300 Million from US-Based Rocketship.VC

Yulu, a Bangalore-based micro-mobility service provider, has announced that Rocketship.VC has invested ₹300 million (~$3.95 million) in the company. The company provides a smart rental platform for bicycles and electric ...
Top States for Rooftop Solar Installations [Infographics]

Top States for Rooftop Solar Installations [Infographics]

Cumulative rooftop solar installations in India reached 4.6 GW as of Q1 2020. In the first quarter of 2020, India installed 194 MW of rooftop solar projects, a decline of ...
Tata Power Delhi Distribution Records Over 90% Digital Payments Amid COVID-19 Lockdown

Tata Power Delhi Distribution Records Over 90% Digital Payments Amid COVID-19 Lockdown

Tata Power Delhi Distribution Limited (TPDDL), a leading power utility supplier, catering to the needs of seven million people in the north and north-west Delhi, said it received over 90% ...
/ / Grid, Market & Policy
Solar Installations Helping Nigerian Health Centers Fight COVID-19 Outbreak

Solar Installations Helping Nigerian Health Centers Fight COVID-19 Outbreak

All On, an independent impact investment company, has announced the completion of the first phase of nationwide solar installations at emergency health facilities related to the COVID-19 pandemic response. The ...
Industry Asks SECIto Issue ClarificationsBefore Calling Bids for 2 GW of Solar Projects

Industry Asks SECI to Issue Clarifications Before Calling Bids for 2 GW of Solar Projects

The National Solar Energy Federation of India (NSEFI) has written a letter to the Solar Energy Corporation of India (SECI) asking it to extend the bid submission deadline of a ...
Renewable Expansion Key to Economic Growth Post-Pandemic

Renewable Expansion Key to Economic Growth Post-Pandemic

As the COVID-19 crisis continues, governments across the world have been forced to take stringent measures to curb its spread. The pandemic has had a deep impact on economies around ...
The United States Announces Tax Relief for Renewable Installers

The United States Announces Tax Relief for Renewable Installers

In the wake of the coronavirus (COVID-19) outbreak, the Treasury Department and the Internal Revenue Service (IRS) of the United States of America, have announced tax relief for taxpayers who ...
NTPC Announces Rebate Worth ₹13.63 Billion for DISCOMs

NTPC Announces Rebate Worth ₹13.63 Billion for DISCOMs

NTPC Limited has agreed to defer the capacity charges and provide rebates to distribution companies (DISCOMs) to the tune of ₹34.27 billion (~$455 million) during the nationwide lockdown. The government-owned ...
Maharashtra Postpones Implementation of Deviation Settlement Regulations

Maharashtra Postpones Implementation of Deviation Settlement Regulations

The Maharashtra Electricity Regulatory Commission (MERC) has rescheduled the implementation of its deviation settlement mechanism (DSM) regulations from June 1, 2020, to October 5, 2020. Reason for the delay Initially, ...
/ / Grid, Market & Policy
PGCIL Approves ₹10.75 Billion As Rebate to DISCOMs on ISTS Charges Amid COVID Crisis

PGCIL Approves ₹10.75 Billion as Rebate to DISCOMs on ISTS Charges Amid COVID Crisis

The Power Grid Corporation of India Limited (PGCIL) announced that it had approved ₹10.75 billion (~$142.5 million) as a one-time consolidated rebate to distribution companies (DISCOMs) and power departments of ...
United States’ Development Bank to Support 450 MW of Solar Projects in India

United States’ Development Bank to Support 450 MW of Solar Projects in India

The U.S. International Development Finance Corporation (DFC) has approved $1 billion (₹75 billion) to help enhance sustainable development processes in Africa, Latin America, the Indo-Pacific, and other emerging markets, including ...
COVID Crisis Will Drive the Digital Transformation of Solar Companies_ Huawei Interview

COVID Crisis Will Drive the Digital Transformation of Solar Companies: Huawei Interview

Power is an essential service, and the renewable industry has been one of the saviors of the power sector in this crisis. Solar, in particular, has shown that it is ...
Investments in Indian Solar Sector Declined 66% YoY to $970 Million in Q1 Amid COVID-19

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% ...
155 Major MNCs Ask World Governments to Develop Sustainable COVID-19 Recovery Policies

155 Major MNCs Ask World Governments to Develop Sustainable COVID-19 Recovery Policies

In all, 155 multinational corporations (MNC) from across the world have signed a statement asking governments to integrate the latest climate science developments into their efforts to help their respective ...
RBI Cuts Repo Rate, Extends Relief on Loan Repayment by Another 3 Months Amid COVID-19

RBI Cuts Repo Rate, Extends Relief on Loan Repayment by Another 3 Months Amid COVID-19

The Reserve Bank of India (RBI) announced the third round of monetary measures to boost the economy amid the lockdown caused by the Coronavirus pandemic. During the press briefing, the ...
COVID-19 Disrupts India’s Solar Growth, Installations Decline to 1.1 GW in Q1 2020

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 ...
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% ...
Wind Turbine Maker Vestas’ Revenue Surges 29% YoY in Q1 2020 Amid COVID-19

Wind Turbine Maker Vestas’ Revenue Surges 29% YoY in Q1 2020 Amid COVID-19

Vestas Wind System, a wind turbine manufacturer, revealed that in the first quarter of 2020, the company generated a revenue of €2.235 billion (~$2.42 billion), showing a year-over-year increase of ...
/ / Wind
Chhattisgarh Revises Late Payment Surcharge for Industrial and Commercial Consumers

Chhattisgarh Revises Late Payment Surcharge for C&I Electricity Consumers

The Chhattisgarh State Electricity Regulatory Commission (CSERC) has issued an order through a suo moto petition revising the late payment surcharges (LPS) for fixed electricity bills payable by industrial and ...
US-Based Solar Panel Maker SunPower Raises $1 Billion Financing

US-Based Solar Panel Maker SunPower Raises $1 Billion Financing

A U.S.-based solar panel maker, SunPower Corp., has announced a strategic partnership of $1 billion (~₹74.97 billion) with Technology Credit Union (Tech CU), one of the leading credit unions in ...
Renewables Can Play Key Role in COVID-19 Response Strategies_ IRENA

Renewables Can Play Key Role in COVID-19 Response Strategies: IRENA

The International Renewable Energy Agency’s (IRENA) Coalition for Action has asked governments to take effective response measures to address the immediate and long-term impacts of the global COVID-19 crisis. The ...
Solar and Non-Solar REC Trading Plummets in April

Solar and Non-Solar REC Trading Plummets in April

Due to the lockdown caused by the coronavirus (COVID-19) pandemic, there was a significant decrease in the trade volume of both solar and non-solar renewable energy certificates (RECs) in April ...
Loading...