Jindal Stainless to Invest ₹1.2 Billion to Install 27 MW of Rooftop Solar Projects – Mercom India
Jindal Stainless has announced it is planning to install two rooftop solar power projects of 21 MW and 6 MW capacity at its Jajpur and Hisar units, respectively, in a move to reduce its carbon footprint. The roofs of various shop floors at both units have been identified to install these rooftop solar projects with […]
Sunnova’s Q4 Net Loss Doubles to $61.9 Million on Higher Operating Expenses – Mercom India
U.S.-based residential solar company Sunnova posted a net loss of $61.9 million for the fourth quarter (Q4) of 2022 compared to $31.2 million year-over-year. The higher net loss was primarily the result of higher operating costs, including general and administrative expenses, and an increase in interest expense of $31.9 million. However, this was partially offset […]
NTPC Subsidiary Issues EPC Tender for 500 MW of Solar Projects – Mercom India
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) connected solar projects anywhere in India. The scope of work also includes the operation and maintenance of complete solar projects, including switchyard and power evacuation […]
MNRE Hikes Central Assistance for Residential Rooftop Solar in Northeastern States – Mercom India
The Ministry of New and Renewable Energy (MNRE) has increased the Central Financial Assistance (CFA) for residential rooftop solar consumers of northeastern states, along with hilly states of Uttarakhand, Himachal Pradesh, and the union territories of Jammu and Kashmir, Ladakh, Lakshadweep, and Andaman & Nicobar Islands. Residential rooftop solar consumers will receive ₹17,662 (~$216.7)/kW as […]
Lightsource bp Closes Tax Equity Investment Deal for 481 MW Solar Projects – Mercom India
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 investment of $267 million will support the construction and operation of the two-project portfolio across two states in the U.S. The financing leverages the Production […]
Supreme Court to Assess Progress in Great Indian Bustard Case This Week – Mercom India
The Supreme Court is likely to apprise itself of the status of the installation of bird flight diverters atop power transmission in the habitat of the endangered Great Indian Bustard (GIB) this week. At its last hearing on November 30, 2022, the apex court had directed the committee of experts to file the status report […]
Asian Development Bank Proposes Business Models for Rooftop Solar in India – Mercom India
The Asian Development Bank (ADB) has suggested various business models for the deployment of rooftop solar systems in India on a larger scale with utilities as the primary stakeholders. It has cited the country’s poor performance in rooftop solar installations as a reason to try different models. At the end of 2022, India has only […]
Ahmedabad Municipal Corporation Seeks Bids for 2 MW Rooftop Solar Systems – Mercom India
Ahmedabad Municipal Corporation (AMC) has invited bids to commission 2 MW of grid-connected rooftop solar systems with remote monitoring systems atop its buildings. The project’s estimated cost is ₹116.02 million (~$1.4 million). The selected developer must complete the work within six months and provide five years of comprehensive operations and maintenance services. The last day […]
IREDA Approves ₹44.45 Billion Loan for SJVN to Develop 1 GW Solar Project – Mercom India
The Indian Renewable Energy Development Agency (IREDA) has sanctioned a ₹44.45 billion (~$537.14 million) loan to SJVN Green Energy, a subsidiary of SJVN, to develop a 1 GW solar project in Bikaner, Rajasthan. SJVN had bagged the project tendered by IREDA under the CPSU Phase-II (Tranche-III) program under viability gap funding to develop a grid-connected […]
Power Cost Savings Cover EMIs for Rooftop Solar: Tata Power Executive – Mercom India
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 procurement from the grid, Shah Masood Jafar, Regional Head, Rooftops, Tata Power, said at Mercom India’s C&I Clean Energy Meet in Noida. Shah Masood Jafar was part […]
