Author: Arjun Joshi

About Arjun Joshi

Arjun Joshi, Staff reporter at Mercom India More articles from Arjun Joshi.
Arjun Joshi is a staff reporter at Mercom India. Before joining Mercom, he worked as a technical writer for enterprise resource software companies based in India and abroad. He holds a bachelor’s degree in Journalism, Psychology, and Optional English from Garden City University, Bangalore. More articles from Arjun Joshi.

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ReNew Swings to ₹74 Million Profit in Q4 FY23 on Increased Operating Capacity

Independent renewable power producer ReNew Power recorded a net profit of ₹74 million (~$1 million) in the fourth quarter (Q4) of the financial year (FY) 2023, compared...

June 7, 2023

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Arjun Joshi

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Other

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Renewable Energy
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IEA Forecasts Global Renewable Capacity Additions to Soar by 107 GW in 2023

Global renewable capacity additions are set to soar by an unprecedented 107 GW to over 440 GW in 2023. This growth is driven by expanding policy support, concerns over...

June 6, 2023

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Maharashtra Issues Tender to Develop 4 MW Solar Project

Mahasamruddhi Renewable Energy, a special-purpose vehicle of Maharashtra State Road Development Corporation, has invited bids to commission a 4 MW solar project in...

June 5, 2023

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Arjun Joshi

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Solar

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Tenders & Auctions
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Military Engineer Services Invites Bids for 1 MW Solar Project

Military Engineer Services (MES) has invited bids to develop a 1 MW solar power project at Gorakhpur Air Force Area In Uttar Pradesh. The project must be completed...

June 5, 2023

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Arjun Joshi

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Solar

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Tenders & Auctions
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MNRE Grants Timeline Extension for Solar and Solar-Wind Hybrid Projects

The Ministry of New and Renewable Energy (MNRE) has granted time extensions for solar and solar-wind hybrid power projects, with bid submission dates falling between...

June 5, 2023

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Arjun Joshi

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Markets & Policy

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Solar

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Wind
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Month in a Minute: Top Headlines from Indian Renewable Sector in May 2023

Here is a recap of important headlines from May 2023: India installed 1.9 GW of new solar capacity during the first quarter (Q1)  of 2023, a decline of 48%...

June 5, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Investments in the Indian Solar Sector Declined 171% YoY to $1.03 billion in Q1

Investments in the Indian solar sector in the first quarter (Q1) of the calendar year 2023 totaled $1.03 billion (~₹85 billion), a 171% year-over-year (YoY) decrease...

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Small Capacities Make Up 22% of 601 MW of Solar Added in France in Q1 2023

France installed 601 MW of solar capacity in the first quarter (Q1) of 2023, compared to 596 MW installed in the same period of the previous year. Solar generated 3.6...

June 2, 2023

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Arjun Joshi

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Markets & Policy

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Solar
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IEA Forecasts Utility-Scale Solar Additions in India to Drop 20% in 2023

The International Energy Agency (IEA) has forecast a slowdown in India’s utility-scale solar projects in 2023 and 2024 due to a module shortage, lower auction...

June 2, 2023

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Arjun Joshi

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Markets & Policy

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Solar

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Utility Scale
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India Bets on Renewables to Meet Peak Demand, Will Pause Coal Installations

The Central Electricity Authority’s (CEA) National Electricity Plan (NEP) proposes the development of over 8.68 GW of battery energy storage systems in place of...

June 2, 2023

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Arjun Joshi

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Other

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Renewable Energy
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SECI Disburses ₹40.9 Million Rooftop Solar Subsidy in April 2023

The Solar Energy Corporation of India (SECI) has disbursed ₹40.9 million (~$495,480) as subsidies under the rooftop solar program in April 2023, a 194% increase from ₹13....

June 1, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Climate Tech Startup Newtrace Raises $5.65 Million in Seed Round

Bengaluru-based climate tech startup Newtrace, which builds electrolyzers, has raised $5.65 million in a seed round led by Sequoia Capital India and Aavishkaar Capital....

June 1, 2023

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Arjun Joshi

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Finance and M&A

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Other Energy
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Iberdrola, Norges Bank Ink $1.3 Billion Deal to Develop 1.26 GW Renewables

Spain-based independent power producer Iberdrola and the sovereign fund of Norway, managed by Norges Bank Investment Management, have committed to a joint investment of...

June 1, 2023

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Arjun Joshi

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Finance and M&A

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Solar

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Wind
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Delhi’s Net Metering Regulations to Allow Electricity Trading Using Blockchain

The Delhi Electricity Regulatory Commission (DERC) has proposed to amend the state’s net metering regulations for renewable energy to provide greater flexibility...

May 31, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Suzlon’s Profit Increases Nineteen-fold to ₹29 Billion in FY23

Wind turbine manufacturer Suzlon Energy posted a net profit of ₹3.2 billion (~$38.7 million) during the fourth quarter (Q4) of the financial year (FY) 2023, an increase...

May 31, 2023

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Arjun Joshi

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Other

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Renewable Energy

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Uncategorized

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