Author Archives: Sumit Jha

About Sumit Jha

Sumit Jha, Assistant Managing Editor at Mercom India
Sumit Jha is the Assistant Managing Editor at Mercom India. Prior to Mercom, Sumit worked as a journalist for over a decade, covering the energy sector for Reuters, CNBC-TV18, Bloomberg TV India, and Financial Express, among others. Sumit holds a diploma in print journalism from the Indian Institute of Mass Communication, Delhi, and a Bachelor of Engineering (B.E) from Manipal Institute of Technology.More articles from Sumit Jha

sumit@mercomindia.com

@mavsumit

EU Bank to Provide $1.1 Billion to Develop Green Hydrogen Hubs in India

EU Bank to Provide $1.1 Billion to Develop Green Hydrogen Hubs in India

The bank of the European Union, European Investment Bank (EIB), said it has signed a memorandum of understanding (MoU) with India Hydrogen Alliance (IH2A) to provide €1 billion (~$1.1 billion) ...
/ / Other, Renewable Energy
Government Implementing 330 MW Waste-to-Energy Projects

Government Implementing 330 MW Waste-to-Energy Projects

The Ministry of New and Renewable Energy (MNRE) is implementing 90 projects under its Waste to Energy (WTE) program, Union Minister of Power R.K Singh informed the Lok Sabha. These ...
/ / Biofuel, Other
Renewable Industry Says Budget Proposals Will Expedite India’s Energy Transition

Renewable Industry Says Budget Proposals Will Expedite India’s Energy Transition

Renewable energy and green mobility sector stakeholders have welcomed the Budget 2023 proposals laid out by Union Finance Minister Nirmala Sitharaman. The allocation for capital expenditure, an emphasis on improving ...
/ / Other, Renewable Energy
Metals Used in Energy Transition Presents $10 Trillion Investment Opportunity

Metals Used in Energy Transition Presents $10 Trillion Investment Opportunity

The market value for crucial metals needed in energy transition technology will likely triple by 2050 to present a $10 trillion opportunity, BNEF’s first Transition Metals Outlook showed. It said ...
/ / Other, Renewable Energy
Study Says Decommissioned Mines Can Act as Gravity Energy Storage Systems

Study Says Decommissioned Mines Can Act as Gravity Energy Storage Systems

The use of vertical shafts in decommissioned underground mines for energy storage using gravity could provide a viable alternative to battery energy storage (BESS) and underground pumped hydro storage systems, ...
/ / Energy Efficiency, Other
India’s Projected Renewable Capacity During 2027-32 to Cost $153 Billion

India’s Projected Renewable Capacity During 2027-32 to Cost $153 Billion

The estimated funding requirement for renewable capacity addition in line with Draft National Electricity Plan released by Central Electricity Authority (CEA) will be ₹12.5 trillion ($153 billion) during the 2027-32 ...
Electric Vehicle Motor Maker Chara Raises $4.75 Million in Pre-Series A Round

Electric Vehicle Motor Maker Chara Raises $4.75 Million in Pre-Series A Round

Chara, a Bengaluru-based manufacturer of electric motors for electric vehicles (EV), has raised $4.75 million in a pre-series A round funding, which was led by venture capitalist Exfinity Venture Partners ...
/ / Electric Vehicles, Grid
Rajasthan Invites Bids for 113 MW Solar Projects Under PM KUSUM

Solar PV Soiling Likely to Cut 4-5% of Energy Production Worldwide in 2023

The soiling of solar photovoltaic systems from dust and snow could lead to a loss of €4-7 ($4.3-7.6 billion) in 2023 which is equivalent to a 4-5% loss in energy ...
/ / Other, Solar
Government to Raise ₹160 Billion via Green Bonds in the Current Fiscal Year

Government to Raise ₹160 Billion via Green Bonds in the Current Fiscal Year

The government will issue ₹160 billion (~$1.9 billion) worth of sovereign green bonds (SGB) in the last quarter of the current fiscal year (FY2022-23) to raise funds for the development ...
Power Ministry Considering Direct Benefit Transfer for Electricity Subsidies

Power Ministry Considering Direct Benefit Transfer for Electricity Subsidies

The Ministry of Power is considering changes in the tariff policy that will allow the state governments to provide subsidies to eligible categories of consumers directly into their bank accounts ...
Power Ministry Mulling Shorter PPA Tenure to Help DISCOMs and Power Markets

Power Ministry Mulls Shorter PPA Tenure to Help DISCOMs and Power Markets

The Ministry of Power is considering cutting the tenure of prospective long-term power purchase agreements (PPAs) to 12-15 years from the extant 25 years to provide more flexibility to the ...
/ / Grid, Market & Policy
Here is How Much Businesses are Saving from Installing Solar (1)

Here is How Much Businesses are Saving from Installing Solar

The benefits to businesses from adopting solar are so overwhelming that it defies logic for any entity to be in doubt about it. The saving alone can be as high ...
/ / C&I, Mercom Research Focus, Solar
Renewable Adoption Can Save Businesses 15-30% on Power Bills

Renewable Adoption Can Save Businesses 15-30% on Power Bills

Affordability, reliability, and sustainability are the three pillars driving the growth of renewable energy adoption among businesses, especially the commercial and industrial (C&I) segment, Vinay Pabba, Chief Operating Officer at ...
/ / C&I, Other, Renewable Energy
Government Points to DISCOMs’ Role in Tepid Rooftop Solar Installations

Government Points to DISCOMs’ Role in Tepid Rooftop Solar Installations

The blame for the country’s underwhelming performance in rooftop solar installations as against the 2022 target primarily lies with the state-owned distribution companies (DISCOMs), the union minister for power hinted ...
/ / Markets & Policy, Rooftop, Solar
SIDBI Offers 100% Financing for Rooftop Solar at a Reasonable Interest Rate

SIDBI Offers 100% Financing for Rooftop Solar at a Reasonable Interest Rate

Small Industries Development Bank of India (SIDBI), a bank dedicated to the financial needs of small businesses, offers 100% loans for rooftop solar installations, which can help MSMEs save on ...
/ / C&I, Consumers, Solar
EMI for Rooftop Solar System Equals Savings on Power Costs: Tata Power Executive

Power Cost Savings Cover EMIs for Rooftop Solar: Tata Power Executive

With better awareness among smaller businesses, the misgivings about rooftop solar installations have largely disappeared, leading to more commercial and industrial (C&I) consumers embracing rooftop solar systems to replace power ...
/ / C&I, Rooftop, Solar
Renewable Experts Decode Ways for MSMEs to Go Green at Mercom India’s Event

Renewable Experts Decode Ways for MSMEs to Go Green at Mercom India’s Event

Green energy has become affordable, sustainable, and reliable over the last few years, making it not just a viable option as an energy procurement strategy for businesses but also essential ...
/ / C&I, Renewable Energy
Two And Three-Wheelers Dominate India’s 1.8 Million Registered Electric Vehicles

Two and Three-Wheelers Dominate India’s 1.8 Million Registered Electric Vehicles

India has more than 1.8 million registered electric vehicles (EVs), with Uttar Pradesh accounting for nearly 23% of the total at 0.41 million, Nitin Gadkari, Minister of Road Transport and ...
/ / Other, Renewable Energy
APTEL Cancels Additional Surcharge on Charges on Wheeling for Captive Power Consumers

APTEL Cancels Additional Surcharge on Charges on Wheeling for Captive Power Consumers

The Appellate Tribunal for Electricity (APTEL) has set aside Madhya Pradesh Electricity Regulatory Commission’s (MPERC) order upholding the state-owned distribution company’s (DISCOM) move to levy an additional surcharge on the ...
/ / Markets & Policy, Solar
Ireland to Mandate Renewable Energy Share in Heat Sector by 2024

Ireland to Mandate Renewable Energy Share in Heat Sector by 2024

Ireland's government will make it mandatory for the heat sector to include a share of renewable energy in their services by 2024. Currently, the country's heating sector is substantially behind ...
/ / Other, Renewable Energy
Canadian Solar's Q3 Net Income Soars 123% to $78.5 Million on Strong Demand

Canadian Solar’s Q3 Net Income Soars 123% to $78.5 Million on Strong Demand

Solar module manufacturer Canadian Solar reported a net income of $78.5 million for the third quarter (Q3) of the financial year 2022, a surge of 123% year-over-year (YoY) on the ...
/ / Finance and M&A, Solar
Solar Developers Are Struggling to Receive Compensation Under Change in Law

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 and make loans more ...
ReNew Power’s Q2 FY23 Revenue Inches Up by 5% YoY

ReNew Power’s Q2 FY23 Revenue Inches Up by 5% YoY

Independent renewable power producer ReNew Power posted revenue of ₹22.4 billion ($275 million) in the second quarter (Q2) of the financial year (FY) 2023, up 5.1% year-over-year (YoY). The revenue ...
Mercom’s Clean Energy Meet Expands Awareness on Cost Savings, Increasing Brand Value

Mercom’s Clean Energy Meet Expands Awareness on Cost Savings, Increasing Brand Value

Green energy adoption is indisputably good for businesses despite a less than conducive regulatory environment and the recent spike in the input cost for solar installation, industry experts said at ...
Array Technologies Swings to Profit in Q3 on Higher Sales Volume and Prices

Array Technologies Swings to Profit in Q3 on Higher Sales Volume and Prices

Solar tracker manufacturer Array Technologies swung to profit in the third quarter (Q3) of 2022 on the back of strong growth in sales volume and prices. The company’s quarterly net ...
/ / Finance and M&A, Solar