Author Archives: Satish Shetty

About Satish Shetty

Satish Shetty, Copy Editor at Mercom India More articles from Satish Shetty.
Satish Shetty is a Copy 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.

satish@mercomindia.com

@satshetty01

Naviya Technologies Wins EPC Contract for 2 MW Canal-Top Solar Project

Naviya Technologies Wins EPC Contract for 2 MW Canal-Top Solar Project

Naviya Technologies Renewables, a Mumbai-based solar developer, won the Jharkhand Renewable Energy Development Agency’s (JREDA) auction for the engineering, procurement, and construction (EPC) of a 2 MW grid-connected canal-top solar ...
Odisha’s GRIDCO to Procure 400 MW Wind Power from SECI

Odisha’s GRIDCO to Procure 400 MW Wind Power from SECI

The Solar Corporation of India (SECI) has signed a power sale agreement (PSA) with Grid Corporation of Odisha (GRIDCO), a public sector undertaking of the government of Odisha, for 400 ...
/ / Markets & Policy, Wind
Shirdi Sai Electricals to Bid for PLI-II, Expand Manufacturing Capacity to 10 GW

Shirdi Sai Electricals to Bid for PLI-II, Expand Manufacturing Capacity to 10 GW

With an estimated 220 GW of solar capacity required by the decade's end to meet the 280 GW goal set by the government, India needs a significant manufacturing capacity ramp-up ...
/ / Manufacturing, Modules, Solar
IEX Traded 347 MU of Green Energy in January 2023, Up 24% YoY

IEX Traded 347 MU of Green Energy in January 2023, Up 24% YoY

The Indian Energy Exchange (IEX) traded 347 million units (MU) of renewable energy in January 2023, an increase of 24% year-over-year (YoY). However, the volume declined by 8% month-over-month (MoM) ...
NTPC Subsidiary Issues EPC Tender for 500 MW of Solar Projects

NTPC Subsidiary Issues EPC Tender for 500 MW of Solar Projects

NTPC Renewable Energy, a wholly owned subsidiary of NTPC, has invited bids for the engineering, procurement, and construction package with land development for 500 MW of inter-state transmission system (ISTS) ...
EU Seeks to Counter US and China with a €250 Billion Green Industrial Plan

EU Seeks to Counter US and China with a €250 Billion Green Deal Industrial Plan

The European Commission has published the Green Deal Industrial Plan based on the idea of developing a ‘Single Market,’ which will utilize €250 billion (~$274.96 billion) of existing EU funds ...
Government Amends Green Energy Open Access Rules to Align with Regulations

Government Amends Green Energy Open Access Rules to Align with Regulations

The Ministry of Power (MoP) has issued the Electricity (Promoting Renewable Energy Through Green Energy Open Access) Amendment Rules, 2023, under which it has added provisions for the banking settlement ...
Telangana Issues Consultancy Tender to Develop Solar Projects at 50 Locations

Telangana Issues Consultancy Tender to Develop Solar Projects at 50 Locations

The Telangana State Renewable Energy Development Corporation (TSREDCO) has invited bids from consultancies to prepare a study on the feasibility and detailed project report (DPR) to establish grid-connected solar photovoltaic ...
/ / Solar, Tenders & Auctions
Energy Storage Sector Upbeat For 2023 Despite Cost, Supply Chain Challenges

Energy Storage Sector Upbeat for 2023 Despite Cost, Supply Chain Challenges

India’s renewable energy growth plans are closely tied to energy storage to mitigate the intermittency of renewable sources as the country strives to meet the rising round-the-clock (RTC) clean energy ...
EU Unveils the Green Deal Industrial Plan but Silent on Funding Specifics

EU Unveils the Green Deal Industrial Plan but Silent on Funding Specifics

The European Commission unveiled a major cleantech plan  – the ‘Green Deal Industrial Plan’ -- to help make Europe a center for innovations and investments as it tries to tackle ...
/ / Other, Renewable Energy
Lightsource bp Closes Tax Equity Investment Deal for 481 MW Solar Projects

Lightsource bp Closes Tax Equity Investment Deal for 481 MW Solar Projects

Lightsource bp, a global utility-scale solar project developer, announced closing a tax equity investment from Wells Fargo and Company for a 481 MW solar project portfolio in the U.S. The ...
Government Sets IREDA a Revenue Target of ₹33.61 Billion for FY23

Government Sets IREDA Revenue Target of ₹33.61 Billion for FY23

The Government of India has set a revenue target of ₹33.61 billion (~$414 million) for the financial year (FY) 2022-23 for Indian Renewable Energy Development Agency (IREDA), 18% higher than ...
German Chancellor Reaffirms Commitment to Achieve Net Zero by 2045

German Chancellor Reaffirms Commitment to Achieve Net Zero by 2045

Germany’s renewable shift is well on track despite setbacks and has accelerated post the Russian invasion of Ukraine, Chancellor Olaf Scholz said while addressing a session at the 53rd World ...
Shell to Acquire US-based EV Charging Firm Volta for $169 Million

Shell to Acquire US-based EV Charging Firm Volta for $169 Million

Shell USA, a subsidiary of the oil major Shell, has acquired Volta, a U.S.-based Electric Vehicle (EV) Infrastructure company, in an all-cash transaction valued at approximately $169 million. The acquisition ...
Solar Project Tenders and Auctions Witness a Steady Decline in Q4 2022

Capacity of Solar Projects Tendered and Auctioned Decline in Q4 2022

Solar tenders floated by various agencies in India declined 32% quarter-over-quarter (QoQ) to 9.7 GW in the fourth quarter (Q4) of 2022 from 14 GW, according to Mercom India Research ...
UAE’s Masdar to Develop 2 GW of Solar Projects in Zambia

UAE’s Masdar to Develop 2 GW of Solar Projects in Zambia

Zambia Electricity Supply Corporation (Zesco), a state-owned power utility, signed a memorandum of understanding and joint development agreement with Masdar, the UAE-government-owned renewable energy company, for a capital investment of ...
Chinese Firm Starts Construction of $11.8 Billion Mega Energy Project

China’s Mega Power Project with 12 GW Renewables Share Starts Construction

China Three Gorges (CTG) Corporation, a state-owned power company, has begun constructing the first phase of its 16 GW power project, which will comprise 8 GW of solar, 4 GW ...
Energy Saving Certificates Trading to Resume After 11 Months (1)

Energy Saving Certificates Trading to Resume After 11 Months

The Bureau of Energy Efficiency (BEE) has announced that it will resume the trading of Energy Saving Certificates (ESCerts) from January 17. It was suspended in February last year due ...
Tata Power to Develop Group Captive Solar Project for Condominium in Mumbai

Tata Power to Develop Group Captive Solar Project for Condominium in Mumbai

Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power, signed an agreement with Vivarea Condominium in Mumbai to set up a 3.125 MW group captive solar project to power ...
/ / Consumers, Open Access, Solar
World Bank To Provide $200 Million for Two Solar Projects in India

World Bank To Provide $200 Million for Two Solar Projects in India

The World Bank has signed agreements with the Government of India and the Solar Energy Corporation of India (SECI) for loans and grants worth $200 million to deploy renewable energy ...
/ / Finance and M&A, Other, Solar
Renewables Help Hospital Group Save ₹40 Million Annually on Power Bills

Renewables Help Hospital Group Save ₹40 Million Annually on Power Bills

Narayana Health, a multi-specialty hospital, heart center, and primary care facility chain with a presence across 18 cities in India, has saved over ₹40 million (~$482,946) in 2021 by adopting ...
Food Company JBS to Issue International Renewable Energy Certificates

Food Company JBS to Issue International Renewable Energy Certificates

JBS, a Brazil-based meat processing company, announced that its 45 MW thermoelectric project in the city of São Paulo has qualified to issue International Renewable Energy Certificates (I-REC). Across the ...
/ / C&I, Other, Renewable Energy
Renewables Tender Trajectory Key to Mitigating Project Risks

Renewables Tender Trajectory Key to Mitigating Project Risks

Stakeholders in India’s renewables sector have called for a pre-determined calendar for tenders so that the resultant certainty can help companies plan their finances and manage supply chain constraints more ...
Mercom’s Most Impactful Interviews in 2022 – Here’s What Clean Energy Experts Said

Mercom’s Most Impactful Interviews in 2022 – Here’s What Clean Energy Experts Said

Mercom India conducted a series of exclusive interviews with top executives from the renewable energy sector, bringing out their insights and opinions on the industry and the way forward. Here ...
India’s Top Five Corporate Funding Deals by Solar Companies in 2022 Infographics

India’s Top Five Corporate Funding Deals by Solar Companies in 2022 [Infographics]

Large Indian renewable companies continued attracting various financing types from International investment groups in 2022. Here are the top five corporate funding deals in India during the year: Adani Green ...