United States Initiates Probe to Impose Countervailing Duty on Indian Wind Energy OEMs

US Calls for Countervailing Duty on Indian Wind Energy OEMs

The International Trade Administration (ITA), under the United States Department of Commerce, has recommended the imposition of countervailing duty (CVD) against wind energy equipment manufacturers from India and Malaysia. The ...
/ / Wind
Can Rooftop Solar Come out of Ground-Mount's Shadow and Be the Next Big Thing_

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 ...
/ / Markets & Policy, Solar
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 ...
DGTR Initiates Anti-Dumping Probe Into Import of Fluoro Backsheet Used in Solar Modules

DGTR Initiates Anti-Dumping Probe Into Import of Fluoro Backsheet Used in Solar Modules

The Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping probe on 'fluoro backsheet' imported from China. Fluoro backsheet is a polymer-based component used in the manufacture of solar ...
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
Japan's JICA to Loan Upto JPY 10 Billion to Tata Cleantech to Finance Renewables

Japan’s JICA to Loan up to JPY 10 Billion to Tata Cleantech to Finance Renewables

Japan International Cooperation Agency (JICA) has signed a loan agreement for a maximum amount of JPY 10 billion (₹6.65 billion) with Tata Cleantech Capital (TCCL), an Indian non-banking financial company ...
/ / Finance and M&A, Other
India’s $122 Billion Stimulus for Energy Sector Lacks Clarity in Funding Streams: Report

India’s $122 Billion Stimulus for Energy Sector Lacks Clarity in Funding Streams: Report

India has committed more public money than any other economy– at least $122 billion – to support the energy sector since the start of the Covid-19 crisis, but the government’s ...
/ / Other, Renewable Energy
India's Solar Installations Reach 40 GW Milestone

India’s Solar Installations Reach 40 GW Milestone

India's cumulative solar installations have hit the 40 GW milestone, according to Mercom India Research. As of February 2021, the country's total installations comprised 34.9 GW of utility-scale solar installations and ...
USAID, DFC to Provide $41 Million Loan for Financing Rooftop Solar By SMEs

USAID, DFC to Provide $41 Million Loan for Financing Rooftop Solar By SMEs

The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) announced a $41 million loan guarantee program to finance investment in renewable energy solutions, ...
/ / Finance and M&A, Rooftop, Solar
Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding

Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding

Smart Joules, an energy-efficiency-as-a-service company, said it raised $4.1 million in Series A funding from ADB Ventures, Burman Family Office, Max I. Limited, cKinetics Accelerator, Saket Burman from the Dabur ...
Euler Motors Closes Series A Funding Round with Additional $2.6 Million Raise

Euler Motors Closes Series A Funding Round with Additional $2.6 Million Raise

New Delhi-based electric vehicle (EV) maker Euler Motors announced that it had raised an additional $2.6 million in Series A funding from ADB Ventures - the venture investing arm of the Asian ...
Anti Dumping Duty on Solar Glass Has Resulted in Monopoly, Shortage, Price Rise

Anti Dumping Duty on Solar Glass Has Resulted in Monopoly, Shortage, Price Rise

The solar glass shortage in China that started some six months back has started to affect the Indian solar manufacturing industry. This, coupled with the duties on glass, has started ...
/ / Markets & Policy, Solar
Hydrogen Car

Petition Filed to Bring Hydrogen Fuel Cell-Based Electric Vehicles Under FAME Program

In an attempt to bring the hydrogen fuel-based vehicles and infrastructure under the ambit of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) program, public interest litigation (PIL) has ...
/ / Electric Vehicles, Grid
ReNew Power

Post IPO, ReNew Power Plans Over 18 GW of Renewables by 2025

ReNew Power, an India-based independent power producer, has plans to build a pipeline of around 18-19 GW of renewable capacity by the end of the financial year (FY) 2025, Sumant ...
/ / Finance and M&A, Other
Triton EV Establishes India Entity ‘Triton Electric Vehicle India‘ in New Delhi

Triton EV Establishes India Entity ‘Triton Electric Vehicle India‘ in New Delhi

New Jersey-based Triton Electric Vehicle registered an Indian subsidiary under ‘Triton Electric Vehicles India Private Limited’ - in New Delhi. The move comes after the parent company aggressively advertised its ...
/ / Electric Vehicles, Grid
Ministry Notifies Countervailing Duty Imposition on Solar Glass Imported from Malaysia (2)

Ministry Notifies Countervailing Duty Imposition on Solar Glass Imported from Malaysia

The Ministry of Finance has notified the levy of a countervailing duty on the cost, insurance, and freight (CIF) value on the imports of textured and tempered (whether coated or ...
/ / Markets & Policy, Solar
Orix Completes Acquisition of 21.8% Stake in Renewable Energy Developer Greenko

Orix Completes Acquisition of 21.8% Stake in Renewable Energy Developer Greenko

Japan-based financial services group Orix Corporation has announced that it has completed its acquisition of 21.8% stake in Indian renewable energy developer Greenko Energy Holdings. In September 2020, Orix had ...
/ / Finance and M&A, Other
Israel's Robotic Solar Module Cleaning Company Airtouch Raises $18 Million in an IPO

Israel’s Robotic Solar Module Cleaning Company Airtouch Raises $18 Million in an IPO

Israeli robotic solar cleaning service provider, Airtouch Solar, has completed an initial public offering (IPO), raising $18 million at a company post-money valuation of $124 million, primarily from leading institutional ...
/ / Markets & Policy, Solar
Distributed Solar Company Fourth Partner Enters JV With Indonesian Energy Company

Distributed Solar Company Fourth Partner Enters JV With Indonesian Energy Company

Distributed solar company, Fourth Partner Energy, has announced a joint venture (JV) - Empat Mitra Indika Tenaga Surya – with Indonesia-based energy company Indika Energy to speed up renewable energy transition ...
The Time for Backward Integration in Solar Manufacturing Sector Has Come: Interview

The Time for Backward Integration in Solar Manufacturing Sector Has Come: Interview

Domestic manufacturing in the solar sector has always been a sore point in India. The government has taken several policy measures like the imposition of safeguard duty and basic customs ...
India-AIIB Sign ₹21.9 Billion Loan Deal to Strengthen Power Transmission in Assam

India, AIIB Sign ₹21.9 Billion Loan Deal to Strengthen Power Transmission in Assam

The Government of India and the Asian Infrastructure Investment Bank (AIIB) have signed a loan agreement for $304 million (~₹21.9 billion) to develop the 'Assam Intra-State Transmission System Enhancement' project ...
/ / Grid, T&D
India Adds 3.2 GW of Solar in 2020 a 56% Decline as COVID Takes a Toll

India Adds 3.2 GW of Solar in 2020, a 56% Decline as COVID Takes a Toll

India installed 3,239 MW of solar capacity in the calendar year (CY) 2020, a 56% decline, compared to 7,346 MW in 2019, according to the latest 2020 Q4 & Annual ...
/ / Mercom Research Focus, Other
Ground Realities And Market Outlook Amid Rapid Energy Transformation In India

Ground Realities And Market Outlook Amid Rapid Energy Transformation In India

With 38 GW of solar installed, India is one of the leading solar markets in the world. According to Mercom's forecast, 2021 and 2022 could be the two best years ...
/ / Other, Renewable Energy
MNRE to Remotely Monitor Solar Assets Under KUSUM Program

MNRE to Remotely Monitor Solar Assets Under KUSUM Program

The United Kingdom (U.K.)-India Power Sector Reforms (PSR) Program will assist the Ministry of New and Renewable Energy (MNRE) in the conceptualization, design, and development of the Solar Energy Data ...
/ / Solar, Technology
Wind Installations up 70% in the Fourth Quarter of 2020

Wind Installations up 70% in the Fourth Quarter of 2020

Wind installations in India were up nearly 70% in the fourth quarter of 2020 (Q4 2020), with about 500 MW of capacity added compared to 295 MW installed in the ...