Indian Railways Ties Up with New Strategic Partners to Execute Solar Projects

Indian Railways Ties Up with New Strategic Partners to Execute Solar Projects

IRCON International Limited (IRCON), a public sector enterprise, signed a Memorandum of Understanding  (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) and Ayana Renewable Power Private Limited. Through ...
India on Pace to Install 65 GW of Solar by 2022, Far Off the 100 GW Goal

India on Pace to Install 65 GW of Solar by 2022, Far Off the 100 GW Goal

The Indian government’s goal of installing 100 GW of solar by the year 2022 is becoming tougher by the day, especially after the outbreak of the coronavirus pandemic. The country ...
China Likely to Add Over 45 GW of Solar Power to its Grid in 2020

China Likely to Add Over 45 GW of Solar Power to its Grid in 2020

The National New Energy Consumption Monitoring and Early Warning Center has announced the projected addition of new solar and wind power capacities in China in 2020. The report is based ...
Researchers Develop Technology to Map Renewable Projects Across the Globe

Researchers Develop Technology to Map Renewable Projects Across the Globe

Researchers at the University of Southampton have come up with a technology that can map the locations of renewable energy projects across the globe and provide valuable insights into the ...
JA Solar Achieves Record 525 W Power Output for its New Solar Modules

JA Solar Achieves Record 525W Power Output for its New Solar Modules

JA Solar, a Beijing-based solar module manufacturer, announced that it had achieved the power output of record 525W for its high-efficiency solar modules under standard testing conditions. This latest achievement ...
/ / Solar, Technology
Technology and Financing Could Unlock Underserved SMEs in Rooftop Solar_ Interview

Technology and Financing Could Unlock Underserved SMEs in Rooftop Solar: Interview

After five consecutive years of growth, the rooftop solar market in India had a rough year in 2019 with installations totaling 1.1 GW, which was a 33% decline year-over-year. Now ...
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
Investment Firm KKR to Acquire 317 MW of Solar Assets from Shapoorji Pallonji

Investment Firm KKR to Acquire 317 MW of Solar Assets from Shapoorji Pallonji

Shapoorji Pallonji Infrastructure Capital (SP Infra), a part of the Shapoorji Pallonji Group and KKR, a global investment firm, have signed an agreement under which the SP Infra will sell ...
/ / Finance and M&A, Solar
KIOCL Issues Tender for Non-Captive Solar Power for its Manufacturing Unit in Mangalore

KIOCL Issues Tender for Non-Captive Solar Power for its Manufacturing Unit in Mangalore

The Kudremukh Iron Ore Company Limited (KIOCL), a flagship company under the Ministry of Steel, Government of India (GoI), has floated a tender to supply solar power through wheeling for ...
Karnataka Commission Asks Kodangal Solar Park to Compensate for Commissioning Delay

Karnataka Commission Asks Kodangal Solar Park to Compensate for Commissioning Delay

The Karnataka Electricity Regulatory Commission (KERC) has dismissed Marikal Solar Parks Private Limited’s request to approve the date on which the second supplemental power purchase agreement (SPPA) was signed as ...
/ / Markets & Policy, Solar
Rajasthan Sets ₹3.14_kWh as Levelized Tariff for Solar Projects Under KUSUM Program

Rajasthan Sets ₹3.14/kWh as Levelized Tariff for Solar Projects Under KUSUM Program

The Rajasthan Electricity Regulatory Commission (RERC) has set the pre-fixed levelized tariff for Component-A of the Pradhan Mantri-Kisan Urja Suraksha Evan Utthan Mahabhiyan (PM KUSUM) program at ₹3.14 (~$0.044)/kWh. The Commission ...
/ / Markets & Policy, Solar
Sunseap Raises $80 Million to Support Solar Projects Across Asia

Sunseap Raises Over $71 Million to Support Solar Projects Across Asia

Sunseap Group, a Singapore-based renewable solutions provider, has raised 100 million in Singapore dollars (~$71.79 million) in its fourth round of fund-raising from Banpu, a publicly listed company on the ...
/ / Finance and M&A, Other
The University of Queensland Claims Higher Solar Efficiency Using ‘Quantum Dots’

The University of Queensland Claims Higher Solar Efficiency Using ‘Quantum Dots’

In an important development that can potentially change the way we look at solar power generation, researchers at The University of Queensland have come up with a flexible skin that ...
/ / Solar, Technology
Privatizing DISCOMs the Way Out of their Financial Mess

Privatizing DISCOMs the Way Out of their Financial Mess

The Indian power sector has been reeling under enormous financial pressure over the last few decades. Distribution companies (DISCOMs), a crucial part of the power sector, have been at the ...
MNRE Plans To Bundle Thermal with Solar and Wind for Round-the-Clock Power Supply

MNRE Plans To Bundle Thermal with Solar and Wind for Round-the-Clock Power Supply

The Ministry of New and Renewable Energy (MNRE) has come up with a draft plan to supply round-the-clock (RTC) power from renewable (solar, wind, and hydro) projects, which will be ...
/ / Other, Renewable Energy
SECI Asks Bidders to Match Lowest Bid for 97.5 MW of Rooftop Solar Tender

SECI Asks Bidders to Match Lowest Bid for 97.5 MW of Rooftop Solar Tender

The Solar Energy Corporation of India (SECI) has issued a letter to the bidders for its 97.5 MW rooftop solar tender for government buildings under the CAPEX and RESCO model, ...
/ / Markets & Policy, Solar
PFC Tenders Transmission Systems for 2.5 GW of Wind Projects in Tamil Nadu

PFC Tenders Transmission Systems for 2.5 GW of Wind Projects in Tamil Nadu

PFC Consulting, a subsidiary of Power Finance Corporation, has issued a tender for shortlisting transmission service providers. These service providers will help develop transmission systems for the evacuation of 2.5 ...
/ / Grid, T&D
World’s Largest Solar Park at Karnataka’s Pavagada is Now Fully Operational

World’s Largest Solar Park at Karnataka’s Pavagada is Now Fully Operational

The largest solar park in the world has now become entirely operational. The Pavagada Solar Park, located in Tumakuru district of Karnataka, has been developed by the Karnataka Solar Park ...
/ / Solar, Utility Scale
Letter of Credit Has not Been Effective as Payment Security for Solar Developers

Letter of Credit Has not Been Effective as Payment Security for Solar Developers

To tackle the risks related to delays in payments to independent power producers, the Ministry of Power (MoP) recently mandated state-owned distribution companies (DISCOMs) to issue a letter of credit ...
Andhra High Court Stays APERC’s Public Hearing to Revise Solar Tariffs

Andhra High Court Stays APERC’s Public Hearing to Revise Solar Tariffs

The Andhra Pradesh high court has stayed the notice issued by the Andhra Pradesh Electricity Regulatory Commission (APERC) for public hearings to revise solar tariffs. The APERC was expected to ...
/ / Markets & Policy, Solar
Key Policy Updates for Solar and Other Renewables from November 2019

Key Policy Updates for Solar and Other Renewables from November 2019

The month of November witnessed some key policy announcements and modifications in the domestic renewable industry, especially solar. During the course of the month, the central and state government agencies ...
/ / Markets & Policy, Solar
Traded Volumes of Solar RECs Witness 45% Decline in November 2019

Traded Volumes of Solar RECs Witness 45% Decline in November 2019

In the November 2019 renewable energy certificate (REC) trading session, there was a significant decrease in the number of solar and non-solar RECs that were traded when compared with the ...
/ / Markets & Policy, Solar
Solar Tender, Auction & Commissioning Delays Causing Liquidity Issues for Developers

Solar Tender, Auction & Commissioning Delays Causing Liquidity Issues for Developers

According to several solar developers Mercom interacted with recently, there was unanimous agreement that the cost of participating in large-scale solar tenders has reduced their ability to actively bid for ...
/ / Mercom Research Focus, Other
China’s TBEA Set to Launch its 2 GW Inverter Factory in Bengaluru

China’s TBEA Set to Launch its 2 GW Inverter Factory in Bengaluru

TBEA Xi’an Electric Technology Co., an affiliate of the TBEA Group, has announced that it will be unveiling its GW solar inverter factory on November 29, 2019, in Bengaluru. The ...
/ / Inverters & BOS, Solar
Hanergy Achieves 25.11% Conversion Efficiency for its Silicon Heterojunction Solar Technology

Hanergy Achieves 25.11% Conversion Efficiency for its Silicon Heterojunction Solar Technology

Beijing-based Hanergy Holding Group Ltd, the thin-film solar power company, has announced that its Chengdu Research & Development Center has once again breached the world record for its silicon heterojunction ...
/ / Solar, Technology