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Sunnova Energy Narrows Q2 Loss on Investment Credit Sales, More Customers

U.S.-based residential solar firm Sunnova Energy reported a 21% narrower net loss for the second quarter of 2024 at $79.7 million, an improvement from the $100.8 million...

August 1, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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China Extends Tax Incentives for EVs Until 2027 to Boost Demand

China’s Ministry of Finance, the State Administration of Taxation, and the Ministry of Industry and Information Technology have jointly announced the continuation of the...

June 28, 2023

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Gautamee Hazarika

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Electric Vehicles

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Market & Policy
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States levying Water and Air Cess on Electricity Generation Illegal

The Ministry of Power has asked all state governments and union territories to withdraw any tax or duty on electricity generation, especially from hydropower projects,...

April 28, 2023

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Satish Shetty

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Other

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Other Energy

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Renewable Energy

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Wind
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Solar Developers are Struggling to Receive Compensation Under Change in Law

Many ‘Change in Law’ petitions on safeguard duty filed in 2018 are still pending disposal DISCOMs drag on litigations for years Unresolved petitions restrict cash flow...

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Inflation Reduction Act Paves the Way for Faster Transition to Clean Energy in the US

In a significant development, President Joe Biden signed the ‘Inflation Reduction Act of 2022,’ which the U.S. House of Representatives and the Senate had...

August 18, 2022

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Rakesh Ranjan

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Markets & Policy

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Solar
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US Extends 26% Solar Investment Tax Credit Until 2022

The United States Congress has passed a bill providing a two-year extension on its solar investment tax credit (ITC) facility, allowing solar power projects across the...

December 28, 2021

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Nithin Thomas

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Markets & Policy

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Solar
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US Solar Energy Industries Association Prepares Policy Agenda for Biden Government

The Solar Energy Industries Association (SEIA) of the United States announced that it has prepared a legislative and executive agenda for 2021. SEIA asked...

November 16, 2020

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Harsh Shukla

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Markets & Policy

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Solar
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China Likely to Improve its Subsidy Policy for Electric Vehicles

The Ministry of Finance of the People’s Republic of China has issued a notice on ways to promote financial subsidies for new electric vehicles. The ministry said it had...

May 3, 2020

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Nithin Thomas

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Electric Vehicles

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Grid
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Africa’s Mali Announces Tax and Duty Exemptions on Renewable Energy Equipment

The Republic of Mali, a country in West Africa, has announced that it will exempt renewable energy equipment from value-added taxes (VAT), duties, and other taxes to...

April 9, 2020

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Nithin Thomas

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Other

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Renewable Energy
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Impact of Basic Customs Duty on Solar Cells and Modules: Winners and Losers

Basic customs duty (BCD) on the import of solar cells and modules was announced at 20% in the Union Budget for 2020-21. While the exemption on this duty remains in place,...

February 14, 2020

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Nithin Thomas

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Mercom Research Focus

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Other
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MNRE Issues New Rooftop Solar Benchmark Costs for 2019-20

The Ministry of New and Renewable Energy (MNRE) has notified the new benchmark costs for grid-connected rooftop solar power projects for the financial year (FY) 2019-20....

July 19, 2019

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Anjana Parikh

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Markets & Policy

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Solar

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