Author: Satish Shetty

About Satish Shetty

Satish Shetty, Associate Editor at Mercom India More articles from Satish Shetty.
Satish Shetty is an Associate Editor with Mercom India. Prior to Mercom, Satish was a multimedia news producer at Reuters, where he gained experience in digital news media. Satish has his Bachelor of Arts (B.A.) degree in Broadcast Journalism from Limkokwing University of Creative Technology, Malaysia. More articles from Satish Shetty.
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Relux Secures ₹2.5 Billion to Expand Hyper EV Charging Stations in South India

Relux Electric, an India-based electric vehicle (EV) charging infrastructure firm, has secured ₹2.5 billion (~$29.93 million) in project financing from a group of real...

May 13, 2024

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Satish Shetty

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Electric Vehicles

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Finance and M&A
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Canadian Solar’s Q1 Profits Dip 85% on Lower Module Demand and Prices

Solar module manufacturer Canadian Solar posted a net income of $12.35 million in the first quarter (Q1) of 2024, an 85.25% year-over-year (YoY) drop from $83.71 million...

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HPCL Floats EPC Tender for 78 MW Wind-Solar Hybrid Project

Hindustan Petroleum Corporation (HPCL) has issued a request for proposal on behalf of its subsidiary HPCL Renewables and Green Energy for the engineering, procurement,...

May 9, 2024

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Satish Shetty

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Other

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Tenders and Auctions
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Swelect, Grew and ReNew Win SECI’s Auction to Supply 400 MW Solar Modules

Swelect Energy Systems, Grew Energy, and ReNew Photovoltaics (ReNew) were declared winners in Solar Energy Corporation of India’s (SECI) auction to manufacture, test,...

April 22, 2024

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Satish Shetty

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Modules

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Solar

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Tenders & Auctions
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Ahasolar Wins Consultancy Contract for 52 MW Solar Project from BPCL

Ahasolar Technologies was awarded the consultancy contract for setting up a 52 MW solar power project at Prayagraj, Uttar Pradesh, by Bharat Petroleum Corporation (BPCL)....

April 12, 2024

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Satish Shetty

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Solar

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Tenders & Auctions
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SJVN Green Forms JV with Assam DISCOM to Develop Renewable Projects

SJVN Green Energy (SGEL), a wholly owned subsidiary of SJVN, has signed a joint venture and shareholders agreement with Assam Power Distribution Company (APDCL) to...

April 10, 2024

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Satish Shetty

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Markets & Policy

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Other

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Renewable Energy
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Solar Open Access Developers Fear Higher Module Prices After ALMM Reimposition

The recent reimposition of the Approved List of Models and Manufacturers (ALMM) regulation has surprised industry stakeholders as the government withdrew exemptions for...

April 8, 2024

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Satish Shetty

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Markets & Policy

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Solar
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Bengaluru’s Cricket Stadium Saves ₹7.2 Million Annually with Rooftop Solar

Indian cricket’s prestigious event of the year, the Indian Premier League (IPL), is underway, and the league’s fan-favorite team, the Royal Challengers...

April 5, 2024

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Satish Shetty

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Consumers

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Rooftop

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Solar
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IREDA Loan Approvals and Disbursements Reach Record High in FY 2024

Government-owned lender Indian Renewable Energy Development Agency (IREDA) approved loans amounting to ₹373.54 billion (~$4.48 billion) and disbursed ₹250.89 billion...

April 2, 2024

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Satish Shetty

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Other

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Renewable Energy
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ALMM Reimposed from April, No Exemptions for Open Access Solar Projects

The Ministry of New and Renewable Energy (MNRE) has notified the implementation of the Approved List of Models and Manufacturers (ALMM) regulation effective April 1,...

March 29, 2024

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Satish Shetty

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Manufacturing

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Markets & Policy

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Solar
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Axis, ReNew, Juniper, Serentica, TPREL Win NTPC’s 3 GW FDRE-II Auction

ABC Cleantech (Axis Energy), Juniper Green Energy, Serentica Renewables India 11 (Serentica Renewables), Tata Power Renewable Energy, and ReNew Solar Power (ReNew) won...

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Singareni Collieries Awards 67.5 MW Solar EPC Contract in Telangana

Bondada Engineering, an infrastructure engineering, procurement, and construction (EPC) company, has won the EPC contract from Singareni Collieries Company (SCCL) for a...

March 21, 2024

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Satish Shetty

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Solar

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Tenders & Auctions
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Maharashtra Floats Tender for 1 GW Pumped Hydro Storage Capacity

The Maharashtra State Electricity Distribution Company (MSEDCL) has issued a request for selection to procure 1,000 MW of energy storage capacity for 40 years from inter...

March 20, 2024

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Satish Shetty

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Energy Storage

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Tenders & Auctions
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SJVN, MEIL, Avaada Among Winners in Maharashtra’s 7.78 GW Solar KUSUM Tender

SJVN Green Energy (SJVN), Megha Engineering & Infrastructures (MEIL), and Avaada Energy were amongst the winners of MSEB Solar Agro Power’s (MSAPL) auction to...

March 14, 2024

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Satish Shetty

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Solar

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Tenders & Auctions
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Indian Rooftop Solar Sector at an Inflection Point: Interview

The Indian government is working to accelerate rooftop solar installations in the country through various programs with a focus on the residential segment. In an...

March 14, 2024

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Satish Shetty

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Rooftop

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Solar

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