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					</table><p><a href="https://www.mercomindia.com/sjvn-bags-%E2%82%B970-billion-contract-1-2-gw-solar-projects" target="_blank" rel="noopener"><strong>SJVN Green Energy, a wholly owned subsidiary of SJVN, has received a letter of intent from the Punjab State Power Corporation (PSPCL) for the development of 1,200 MW of solar power projects.</strong></a> The company will develop 1,000 MW of solar projects anywhere in the country, and the balance of 200 MW will be developed in Punjab. PSPCL will procure 1,000 MW of solar power from projects anywhere in the country at a tariff of ₹2.53 (~$0.031)/kWh and the balance of 200 MW from projects in Punjab at a tariff of ₹2.75 (~$0.034)/kWh.</p>
<p><a href="https://www.mercomindia.com/8738-public-ev-charging-stations-june-minister" target="_blank" rel="noopener"><strong>As India strives towards decarbonizing the transport sector, the country has installed 8,738 operational public electric vehicle charging stations, as of June 30, 2023</strong></a>, according to the Bureau of Energy Efficiency and the Ministry of Power data. The information was shared by the Minister of State for Heavy Industries, Krishan Pal Gurjar, in a written response to a question in the Rajya Sabha. The increasing demand for electric vehicles has led to the faster deployment of necessary charging infrastructure.</p>
<p><a href="https://www.mercomindia.com/nashik-tender-install-20-ev-charging-stations" target="_blank" rel="noopener"><strong>Nashik Municipal Corporation has invited bids for the supply, erection, installation, and commissioning of 20 electric vehicle charging stations at various locations under its jurisdiction.</strong></a> The successful bidder will also be responsible for the charging station’s operation and maintenance for three years from the contract’s signing date. A total of 20 four-wheeler dual gun CCS2 (60 kW) DC plus 100 two/three-wheeler (3.3 kW) AC chargers are to be installed under the tender.</p>
<p><a href="https://www.mercomindia.com/germanys-q2-solar-installations-surge-94-yoy" target="_blank" rel="noopener"><strong>Germany installed 3.3 GW of solar capacity in the second quarter (Q2) of 2023, a substantial growth of 94% year-over-year from 1.7 GW added in the same period last year</strong></a>, as the country spearheads the renewable transition in Europe. On a quarter-on-quarter basis, installations increased 10% from 3 GW. The data was unveiled in a recent report by the German Federal Network Agency Bundesnetzagentur.</p>
<p><a href="https://www.mercomindia.com/farizon-auto-600-million-series-a-funding" target="_blank" rel="noopener"><strong>Farizon Auto, the new energy commercial vehicle manufacturer established by Geely Holding Group, has raised $600 million in its Series-A funding round led by Boyu Capital and Yuexiu Industrial Fund</strong>.</a> The influx of capital is expected to fuel Farizon’s endeavors in further research and development, ecosystem development, and global expansion. The new energy vehicles include battery-electric, plug-in hybrid, and fuel-cell electric vehicles.</p>
<p><a href="https://www.mercomindia.com/us-first-offshore-wind-lease-gulf-of-mexico" target="_blank" rel="noopener"><strong>The U.S. Department of the Interior is set to conduct the first-ever offshore wind energy lease sale in the Gulf of Mexico</strong></a>. The move aims to accelerate the deployment of 30 GW of offshore wind energy by 2030, paving the way for a carbon-free electricity sector by 2035. The upcoming lease auction, scheduled for August 29, 2023, will offer three key lease areas with significant potential.</p>
<p><a href="https://cms.mercomindia.com/equinor-to-acquire-brazil-2-gw-renewables-portfolio/" target="_blank" rel="noopener"><strong>Denham Capital, a global energy transition investment firm, announced the signing of an agreement with Equinor, a Norway-based energy company, for the sale of Rio Energy’s select assets</strong></a>, the Rio Energy trade name, and the management team platform. Rio Energy is a Brazil-based developer, owner, and operator of renewable energy projects. The acquired assets include the 0.2 GW Serra da Babilônia 1 producing onshore wind farm located in the northeastern state of Bahia, a 0.6 GW pre-construction solar PV portfolio, and a project pipeline of approximately 1.2 GW.</p>
<p><a href="https://www.mercomindia.com/researchers-at-fraunhofer-ise-organic-solar-cells" target="_blank" rel="noopener"><strong>Researchers at the Fraunhofer Institute for Solar Energy Systems ISE (Fraunhofer ISE) and the Materials Research Center FMF at the University of Freiburg have announced efficiency improvement</strong></a> for an organic solar cell with a one-square-centimeter area, boasting a record efficiency of 15.8% which has surpassed their previous record set in September 2020, of 14.9%. Organic photovoltaics have various solar energy applications due to their eco-friendly and cost-effective production, as well as their versatility with flexible and potentially transparent solar cells.</p>


Daily News Wrap-Up: SJVN Bags Contract to Develop 1.2 GW of Solar Projects


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					</table><p>The United States has agreed to lift safeguard duty on Canadian solar product imports after Canada, the U.S., and Mexico arrived at an understanding on an existing trade agreement. The decision was taken after talks in Vancouver at the Free Trade Commission meeting.</p>
<p>The decision to lift the safeguard duty was signed by U.S. Trade Representative Katherine Tai and Mary Ng, the Canadian Minister of international trade. Both the countries expressed confidence that it would help them fight climate change together.</p>
<p>The duty was <a href="https://mercomindia.com/trump-imposes-antidumping-solar/" target="_blank" rel="noopener">imposed</a> in 2018 when Donald Trump was President. The safeguard measure for four years included a tariff-rate quota (TRQ) on imports of certain photovoltaic cells and an increase in safeguard duty on imports of Crystalline Silicon Photovoltaic (CSPV) cells exceeding the TRQ and all imports of other CSPV products, including modules. The tariffs started at 30% and decreased each year gradually until reaching 15% in the final year.</p>
<p>The Biden administration <a href="https://mercomindia.com/us-extends-solar-tariffs-exempts-bifacial/" target="_blank" rel="noopener">extended</a> the restrictions on CSPV cells and modules early this year for four more years. The White House statement explained the necessity of safeguard duty on imports of CSPV cells (whether or not partially or fully assembled into other products) to prevent or remedy serious injury to the domestic industry, which was making a positive adjustment to competition from imports.</p>
<p>According to Canada, the exports of solar products from Canada to the U.S. declined almost 82% since the imposition of U.S. safeguard tariffs on Canadian solar products.</p>
<p>Canada used a dispute settlement mechanism to challenge the U.S. safeguard duty on its solar products. Earlier this year, Canada won the dispute after arguing that the U.S. safeguard duty violated the United States-Mexico-Canada Agreement (USMCA) between Canada, the U.S., and Mexico.</p>
<p>“Reaching this settlement with Canada will promote the greater deployment of solar energy in the United States using products from one of our closest allies and foster a more resilient North American supply chain for clean energy products made without forced labor,” Katherine Tai said.</p>
<p>Mary Ng said the agreement would bring stability and predictability to the renewable energy sector in Canada and strengthen North American competitiveness.</p>


US Removes Safeguard Duty on Canadian Solar Products

<p>Renewable energy developer <a href="https://www.baywa-re.com/en/" target="_blank" rel="noopener noreferrer">BayWa r.e</a>. announced that it acquired <a href="https://enable-energy.com/" target="_blank" rel="noopener noreferrer">Enable Energy Inc</a>. Enable Energy is a U.S.-based commercial and industrial solar and energy storage solutions provider.</p>
<p>The acquisition represents the latest move in BayWa r.e.’s growth and expansion strategy in the United States.  The company says it currently has 3 GW of renewable energy online while managing 8.3 GW of assets around the world.</p>
<p>BayWa r.e. currently has 750 MW of solar and wind projects under construction in California, North Carolina, Texas, and Mexico. It said that it was likely to surpass 1 GW of utility-scale installations in the Americas by the end of 2020.</p>
<p>The addition of Enable Energy will push BayWa r.e.’s total pipeline of solar and wind projects to more than 5 GW in the region. Enable will operate under its name for the time being and eventually be rebranded as a BayWa r.e. company.</p>
<p>The acquisition would help BayWa r.e. enhance its capabilities in serving enterprise commercial and industrial clientele and utilities with turnkey services.</p>
<p>Enable’s portfolio includes local and regional businesses, Fortune 500 companies, and federal government entities. The company has worked on a variety of projects in California, Hawaii, and other locations to build more than 76 MW of rooftop and ground-mounted commercial, industrial, and utility solar projects since the company was founded in 2014.</p>
<p>It also operates in the behind-the-meter and front-of-meter energy storage EPC sectors, with completed installations of over 70 MWh in 2019 alone.</p>
<p>“Enable Energy is one of the fastest-growing solar and energy storage solutions providers in the U.S., with a significant installation base, healthy project pipeline, and expanding O&amp;M (operation and maintenance) business. The addition of EEI to the BayWa r.e. Americas family will create multiple collaborative opportunities with our existing businesses. It will improve our position in strategic regional and vertical markets, such as commercial solar-plus-storage,” said Axel Veeser, Managing Director, BayWa r.e.</p>
<p>“By combining our U.S. commercial and industrial focus and extensive expertise with BayWa r.e., we will be able to execute on a significantly expanding project pipeline and leverage the strength of our new parent company’s resources and global brand. We look forward to expanding our geographic reach, building our relationships with strategic clients, strengthening our O&amp;M offering, working together with BayWa r.e.’s already the impressive team to support their global client base with facilities in the US,” said Brad Ferrell, CEO of Enable Energy.</p>
<p>Mercom recently <a href="https://mercomindia.com/sunrun-acquire-vivint-solar/" target="_blank" rel="noopener noreferrer">reported</a> that in the largest rooftop solar acquisition to date, Sunrun decided to acquire Vivint Solar in an all-stock transaction for $3.2 billion. Vivint Solar serves as a full-service residential solar services provider in the United States, while Sunrun is a home solar, battery storage, and energy services company.</p>
<p>Notably, in the wake of the coronavirus outbreak, the Treasury Department and the Internal Revenue Service of the United States <a href="https://mercomindia.com/the-united-states-announces-tax-relief/" target="_blank" rel="noopener noreferrer">announced</a> tax relief for taxpayers who have installed renewable energy projects. The IRS said that the relief had been provided because COVID-19 has caused industry-wide delays in the supply chain for components needed to complete renewable energy projects that are otherwise eligible for the investment tax credit.</p>
<p>Image credit: BayWa r.e.</p>


BayWa r.e. Acquires Sacramento-Based Solar Developer Enable Energy

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