Rooftop Solar Segment on a Path to Recovery Despite Challenges

Rooftop Solar Segment on a Path to Recovery Despite Challenges

India installed 521 MW of rooftop solar capacity in the second quarter (Q2) of the calendar year (CY) 2021, an increase of 53% quarter-over-quarter (QoQ), the highest for any quarter, ...
/ / Markets & Policy, Solar
Asian Development Bank Increases its Climate Financing Target to $100 Billion by 2030

Asian Development Bank Increases its Climate Financing Target to $100 Billion by 2030

The Asian Development Bank (ADB) announced that it had raised its climate financing targets for developing member countries to $100 billion from $80 billion for 2019- 2030. The expanded climate ...
/ / Finance and M&A, Other
India Installs 521 MW of Rooftop Solar Capacity in Q2 2021, the Highest in a Quarter

India Installs 521 MW of Rooftop Solar Capacity in Q2 2021, the Highest in a Quarter

India marked a 53% quarter-over-quarter (QoQ) increase in rooftop solar installations in the second quarter (Q2) of 2021, the highest for any quarter, with 521 MW installations compared to 341 ...
/ / Mercom Research Focus, Other
The Critical Role of Solar EPCs in Delivering Quality Projects Amidst Challenges

The Critical Role of Solar EPCs in Delivering Quality Projects Amidst Challenges

India’s solar sector continues to expand and is forecasted to be one of the top solar markets globally for the foreseeable future. Based on the preliminary numbers, solar installations in ...
/ / Markets & Policy, Solar
Peak Power Demand in India Exceeds 200 GW for the First Time

Peak Power Demand in India Exceeds 200 GW for the First Time

Peak power demand reached an all-time high of over 200 GW on July 7, 2021, said R.K. Singh, Union Power Minister, on Twitter. It surpassed the previous all-time high of ...
/ / Grid, Market & Policy
Renewable Projects Under Construction Get 75-Day Extension Amid Covid-19 Crisis

Renewable Projects Under Construction Get 75-Day Extension Amid Covid-19 Crisis

In a move to provide the much-needed relief to renewable developers amid the second surge of Covid-19 pandemic, the Ministry of New and Renewable Energy (MNRE), in its latest notification, ...
Three-Month Extension Granted to Power Transmission Projects Affected by Covid-19

Three-Month Extension Granted to Power Transmission Projects Affected by Covid-19

In an important announcement, the Ministry of Power (MoP) has granted an extension of three months to all interstate transmission projects under construction, with the scheduled commercial operation date (SCOD) ...
/ / Grid, Market & Policy
Month in a Minute Top Headlines from Indian Renewable Sector in May 2021

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

Here is a recap of some of the most important headlines from May 2021: In the first quarter (Q1) of the calendar year (CY) 2021, India generated about 17.5 BU ...
/ / Other, Renewable Energy
Punjab Reduces Retail Residential Power Tariffs in the Wake of Covid-19

Punjab Reduces Retail Residential Power Tariffs in the Wake of Covid-19

The Punjab State Electricity Regulatory Commission (PSERC) has issued the tariff order for the financial year (FY) 2021-22. The new tariffs will be applicable from June 1, 2021, and will ...
Maharashtra Allows Twice a Month Revisions in Contract Demand for C&l Customers

Maharashtra Allows Twice a Month Revisions in Contract Demand for C&l Customers

The Maharashtra Electricity Regulatory Commission (MERC), in a recent order, allowed for revisions in contract demand up to two occasions for high-tension (HT) commercial and industrial (C&I) consumers and up ...
Covid-19 Raises Project Sub-Contracting Costs for Sterling & Wilson Solar

Covid-19 Raises Project Sub-Contracting Costs for Sterling & Wilson Solar

Leading solar engineering, procurement, and construction (EPC) services provider, Sterling & Wilson Solar, an associate of the Shapoorji Pallonji Group, updated the Bombay Stock Exchange on several issues it is ...
/ / Commercial, Solar
Huge Employment Opportunity in Rooftop Solar

Huge Employment Opportunity in Rooftop Solar

In an interesting finding, the Minnesota Public Utilities Commission has learned that for every million dollars the state’s utility proposed on spending on rooftop solar, it would create 30 times ...
/ / Rooftop, Solar
MNRE Allows Digital Invoices for Renewable Generators Amid Covid-19 Resurgence

MNRE Allows Digital Invoices for Renewable Generators Amid Covid-19 Resurgence

In the wake of the disruptive second wave of the Covid-19 across the country, the Ministry of New and Renewable Energy (MNRE) has announced that for renewable energy projects that ...
MNRE Declares Commissioning Date Extension for Renewable Projects, Conditions Apply

MNRE Declares Commissioning Date Extension for Renewable Projects, Conditions Apply

Giving relief to solar developers amid the Covid-19 crisis, the Ministry of New and Renewable Energy (MNRE), in its latest notification, has stated that the renewable energy projects having their ...
Covid-19 How the Solar Industry is Handling the Second Wave

Covid-19: How the Solar Industry is Handling the Second Wave

The second Covid-19 surge is wreaking havoc in India, with cases surpassing six figures daily. Although India has not declared a nationwide lockdown, several states where the cases have peaked ...
Rooftop Solar - Saving Operating Cost for Businesses Hit by the Pandemic

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 ...
Adani, Hero Future Energies, and SB Energy Top Utility-Scale Solar Developers in 2020

Adani, Hero Future Energies, and SB Energy: Top Utility-Scale Solar Developers in 2020

Large-scale solar projects accounted for 78% of the total installations in India with 2.52 GW in 2020. While the industry is upbeat about the prospects in 2021, the second wave ...
Barring DISCOMs With Long Pending Bills to Access Spot Market – Who Will Enforce?

Barring DISCOMs With Long Pending Bills from Accessing Spot Market – Who Will Enforce?

The inordinate delays in distribution companies (DISCOMs) clearing payments have made it difficult for solar and wind energy generators to operate their businesses. Already facing a tough time in the ...
Solar Project Development in India_ A Long Road Towards an Ambitious Target

Solar Project Development in India: A Long Road Towards an Ambitious Target

India's cumulative installations breached the 40 GW mark, according to Mercom India Research. The total installations comprised 34.9 MW of utility-scale solar installations, and the rooftop segment accounted for 5.1 ...
MNRE: No Commissioning Date Extension Beyond Six Months for Renewable Energy Projects

MNRE: No Commissioning Date Extension Beyond Six Months for Renewable Energy Projects

The Ministry of New and Renewable Energy (MNRE) has clarified that the extension provided by implementing agencies on account of the Covid-19 pandemic should in no case be more than ...
/ / Other, Renewable Energy
China Installs Record 52 GW of New Wind Capacity, Doubles Annual Installations in 2020

China Installs Record 52 GW of New Wind Capacity, Doubles Annual Installations in 2020

According to the latest data released by Global Wind Energy Council's (GWEC) market intelligence, 2020 was a record year for wind power growth in the Asia Pacific, specifically driven by ...
/ / Wind
The Ministry of Power has directed the state governments and the governments of union territories (UT) to provide relaxation in performance security

Ministry Asks States to Relax Performance and Bid Security for Power Project Bids

The Ministry of Power has directed the state governments and the governments of union territories (UT) to relax performance security, earnest money deposits requirements for power project bids. It has ...
/ / Markets & Policy, Solar
Solar Projects Totaling 90 MW Citing 'Force Majeure' Get Extension for Commissioning

Solar Projects Totaling 90 MW Citing ‘Force Majeure’ Get Extension for Commissioning

The Delhi Electricity Regulatory Commission (DERC) has extended the commissioning date of three solar power projects of 90 MW cumulative capacity and ruled that no compensation would be payable to ...
Solar Glass Manufacturer Xinyi Solar's Profit Jumps 79% in 2020

Solar Glass Manufacturer Xinyi Solar’s Profit Jumps 79% in 2020

Xinyi Solar, a China-based solar glass manufacturer and project developer, has announced a 79.52% increase in its net profit to HK$ 5.023 billion (~$647.46 million) in 2020 from HK$2.798 billion ...
/ / Finance and M&A, Solar
Investments in the Indian Solar Sector Declined by 66% in 2020

Investments in the Indian Solar Sector Declined by 66% in 2020

Investments in the Indian solar sector declined by 66% and stood at approximately $2.8 billion (~₹203.17 billion) in the calendar year (CY) 2020, compared to $8.2 billion (~$595.02 billion) in ...