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MercomIndia.com delivers energy news, research and market analysis for India's renewable and clean energy market."/><link rel="preload" as="image" imageSrcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-42.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-42.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-42.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-42.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-42.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-42.jpg&w=1200&q=75 1200w, 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class="styles_content__cJW3z"><a href="/masdar-partners-begin-construction-of-1-5-gw-al-ajban-solar-project-in-abu-dhabi" class="styles_title__1_iL8">Masdar, Partners Begin Construction of 1.5 GW Al Ajban Solar Project in Abu Dhabi</a><p class="styles_desc__hJut5">Construction has officially commenced on the Emirates Water and Electricity Company’s (EWEC) 1.5 GW Al Ajban solar project led by EDF Renewables Middle East in...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">November 25, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Staff</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span><p class="styles_comma__WZde1">,</p></a><a href="/category/tenders-auctions" class="styles_entry__TF29t"><span>Tenders & Auctions</span><p 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/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-38.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-38.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-38.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-38.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-38.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-38.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-38.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/engie-to-build-22-mw-solar-project-for-saudi-cement-factory" class="styles_title__1_iL8">ENGIE to Build 22 MW Solar Project for Saudi Cement Factory</a><p class="styles_desc__hJut5">France-based energy solutions provider ENGIE will develop a 22 MW solar photovoltaic project for Saudi Arabia’s Al Jouf Cement Company near Turaif in the country’s...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">November 20, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Staff</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/open-access" class="styles_entry__TF29t"><span>Open Access</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/cleanmax-to-supply-33-mw-of-renewable-energy-to-equinixs-data-centers-in-mumbai" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-31-1.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-31-1.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-31-1.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-31-1.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-31-1.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-31-1.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-31-1.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-31-1.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-31-1.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-31-1.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/cleanmax-to-supply-33-mw-of-renewable-energy-to-equinixs-data-centers-in-mumbai" class="styles_title__1_iL8">CleanMax to Supply 33 MW of Renewable Energy to Equinix’s Data Centers in Mumbai</a><p class="styles_desc__hJut5">Digital infrastructure company Equinix will procure power under a captive arrangement from 33 MW renewable energy projects to be set up by CleanMax to power its data...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">November 14, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Staff</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/open-access" class="styles_entry__TF29t"><span>Open Access</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span><p class="styles_comma__WZde1">,</p></a><a href="/category/wind" class="styles_entry__TF29t"><span>Wind</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/rising-construction-margin-drives-1632-yoy-rise-in-net-profit-for-scatec" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-18.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-18.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-18.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-18.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-18.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-18.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-18.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-18.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-18.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F11%2FStandard-Mercom-18.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/rising-construction-margin-drives-1632-yoy-rise-in-net-profit-for-scatec" class="styles_title__1_iL8">Rising Construction Margin Drives 1,632% YoY Rise in Net Profit for Scatec</a><p class="styles_desc__hJut5">Norway-based renewable energy solutions provider Scatec reported a 1,632% year-over-year (YoY) rise in net profit to NOK1.65 billion (~$150.18 million) in the third...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">November 7, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Staff</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/energy-storage" class="styles_entry__TF29t"><span>Energy Storage</span><p class="styles_comma__WZde1">,</p></a><a href="/category/financema-solar" class="styles_entry__TF29t"><span>Finance and M&A</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span><p class="styles_comma__WZde1">,</p></a><a href="/category/utility-scale" class="styles_entry__TF29t"><span>Utility Scale</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/cie-automotive-renew-captive-solar" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FCIE-Automotive-to-Procure-Power-from-ReNews-7.8-MW-Captive-Solar-Project.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FCIE-Automotive-to-Procure-Power-from-ReNews-7.8-MW-Captive-Solar-Project.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FCIE-Automotive-to-Procure-Power-from-ReNews-7.8-MW-Captive-Solar-Project.jpg&w=750&q=75 750w, 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/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FCIE-Automotive-to-Procure-Power-from-ReNews-7.8-MW-Captive-Solar-Project.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FCIE-Automotive-to-Procure-Power-from-ReNews-7.8-MW-Captive-Solar-Project.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/cie-automotive-renew-captive-solar" class="styles_title__1_iL8">CIE Automotive to Procure Power from ReNew’s 7.8 MW Captive Solar Project</a><p class="styles_desc__hJut5">Automotive components manufacturer CIE Automotive will procure power from ReNew Green‘s 7.8 MW captive solar power project. The company invested ₹36.03 million...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">October 31, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arjun Joshi</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/sunsure-to-supply-solar-power-to-ci-consumers-from-49-mw-project" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-Mercom-1.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-Mercom-1.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-Mercom-1.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-Mercom-1.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-Mercom-1.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-Mercom-1.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-Mercom-1.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-Mercom-1.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-Mercom-1.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-Mercom-1.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/sunsure-to-supply-solar-power-to-ci-consumers-from-49-mw-project" class="styles_title__1_iL8">Sunsure to Supply Solar Power to C&I Consumers from 49 MW Project</a><p class="styles_desc__hJut5">Renewable energy solutions provider Sunsure Energy has commissioned a 49 MW solar project in Uttar Pradesh from which power will be supplied to commercial and industrial...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">October 25, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Staff</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/open-access" class="styles_entry__TF29t"><span>Open Access</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/google-partners-with-cleanmax-adani-for-renewable-energy-supply" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-template-56.png&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-template-56.png&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-template-56.png&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-template-56.png&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F10%2FStandard-template-56.png&w=1080&q=75 1080w, 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class="styles_content__cJW3z"><a href="/google-partners-with-cleanmax-adani-for-renewable-energy-supply" class="styles_title__1_iL8">Google Partners With CleanMax, Adani for Renewable Energy Supply</a><p class="styles_desc__hJut5">Technology company Google has partnered with clean energy companies Adani Group and CleanMax Enviro Energy Solutions (CleanMax) to power its offices in India with...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">October 3, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Staff</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/open-access" class="styles_entry__TF29t"><span>Open Access</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span><p class="styles_comma__WZde1">,</p></a><a href="/category/wind" class="styles_entry__TF29t"><span>Wind</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/what-ci-units-should-know-before-choosing-open-access-solar" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F09%2FWhat-CI-Units-Should-Know-Before-Choosing-Open-Access-Solar.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F09%2FWhat-CI-Units-Should-Know-Before-Choosing-Open-Access-Solar.jpg&w=640&q=75 640w, 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Solar</a><p class="styles_desc__hJut5">Commercial and industrial (C&I) consumers benefit significantly from sourcing renewable energy through open access arrangements. In addition to an assurance of...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">September 10, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Namratha A Rai</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/energy-storage" class="styles_entry__TF29t"><span>Energy Storage</span><p class="styles_comma__WZde1">,</p></a><a href="/category/open-access" class="styles_entry__TF29t"><span>Open Access</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/green-mandates-push-indian-industries-toward-solar" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F09%2FInvestor-Expectations-and-Green-Mandates-Push-Indian-Industries-Toward-Solar.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F09%2FInvestor-Expectations-and-Green-Mandates-Push-Indian-Industries-Toward-Solar.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F09%2FInvestor-Expectations-and-Green-Mandates-Push-Indian-Industries-Toward-Solar.jpg&w=750&q=75 750w, 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India, primarily due to its potential for substantial energy cost...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">September 6, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arjun Joshi</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/renewable-energy-adoption-growing-in-india" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F07%2FCI-Mercom-Summit.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F07%2FCI-Mercom-Summit.jpg&w=640&q=75 640w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F07%2FCI-Mercom-Summit.jpg&w=750&q=75 750w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F07%2FCI-Mercom-Summit.jpg&w=828&q=75 828w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F07%2FCI-Mercom-Summit.jpg&w=1080&q=75 1080w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F07%2FCI-Mercom-Summit.jpg&w=1200&q=75 1200w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F07%2FCI-Mercom-Summit.jpg&w=1920&q=75 1920w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F07%2FCI-Mercom-Summit.jpg&w=2048&q=75 2048w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F07%2FCI-Mercom-Summit.jpg&w=3840&q=75 3840w" src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F07%2FCI-Mercom-Summit.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/renewable-energy-adoption-growing-in-india" class="styles_title__1_iL8">Renewable Energy Adoption by C&I Units Growing in India</a><p class="styles_desc__hJut5">Renewable energy adoption by India’s Commercial and Industrial (C&I) sector is experiencing rapid growth, with demand for clean energy solutions increasing...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">July 29, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Gautamee Hazarika</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/consumers" class="styles_entry__TF29t"><span>Consumers</span><p class="styles_comma__WZde1">,</p></a><a href="/category/markets-policy" class="styles_entry__TF29t"><span>Markets & Policy</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/ifc-invests-105-million-in-brookfields-500-mw-solar-project-in-rajasthan" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span 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src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F06%2FIFC-Invests-105-Million-in-Brookfields-500-MW-Solar-Project-in-Rajasthan.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/ifc-invests-105-million-in-brookfields-500-mw-solar-project-in-rajasthan" class="styles_title__1_iL8">IFC Invests $105 Million in Brookfield’s 500 MW Solar Project in Rajasthan</a><p class="styles_desc__hJut5">The International Finance Corporation (IFC) will partially finance a 550 MW solar power project being developed by Brookfield Asset Management in Bikaner, Rajasthan,...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">June 18, 2024</p><p 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src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F05%2FPicture1-7.png&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/mercom-indias-meet-returns-to-mumbai" class="styles_title__1_iL8">Mercom India’s ‘C&I Clean Energy Meet’ Returns to Mumbai</a><p class="styles_desc__hJut5">Mercom India’s third “C&I Clean Energy Meet” series returns to Mumbai on May 30, 2024, when renewable industry stakeholders come together to...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">May 28, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Gautamee Hazarika</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/consumers" class="styles_entry__TF29t"><span>Consumers</span><p class="styles_comma__WZde1">,</p></a><a href="/category/renewable-energy" class="styles_entry__TF29t"><span>Renewable Energy</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/ci-project-may-lose-on-savings" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F05%2FA-CI-Project-Delayed-Because-of-Solar-Module-Prices-May-Lose-Out-on-Overall-Savings.jpg&w=600&q=75 600w, 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src="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F05%2FA-CI-Project-Delayed-Because-of-Solar-Module-Prices-May-Lose-Out-on-Overall-Savings.jpg&w=3840&q=75" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/ci-project-may-lose-on-savings" class="styles_title__1_iL8">A C&I Project Delayed Because of Solar Module Prices May Lose Out on Overall Savings</a><p class="styles_desc__hJut5">Mercom India held its first Virtual C&I Clean Energy Meet on May 22, 2024, focusing on tackling the increasing demand for clean energy solutions among major power...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">May 24, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arjun Joshi</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/apple-partners-with-cleanmax" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F04%2FApple-Partners-with-CleanMax-to-Power-India-Operations-with-Renewable-Energy.jpg&w=600&q=75 600w, 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style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span></a><div class="styles_content__cJW3z"><a href="/apple-partners-with-cleanmax" class="styles_title__1_iL8">Apple Partners with CleanMax to Power India Operations with Renewable Energy</a><p class="styles_desc__hJut5">Tech giant Apple has announced a joint venture with Mumbai-based renewable energy firm CleanMax to power its operations in India with renewable energy as part of its...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">April 18, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arshreet Singh</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span></a></div></div></div><div class="styles_container__TFaNi"><a href="/gensol-commissions-rooftop-solar-trident" class="styles_thumbnail__e3BDZ styles_normal__mBo7O" aria-label="Facebook"><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img alt="thumbnail" sizes="100vw" srcSet="/_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F03%2FGensol-Commissions-10.6-MW-Rooftop-Solar-Project-for-Trident-Group.jpg&w=600&q=75 600w, /_next/image?url=https%3A%2F%2Fd382rz2cea0pah.cloudfront.net%2Fwp-content%2Fuploads%2F2024%2F03%2FGensol-Commissions-10.6-MW-Rooftop-Solar-Project-for-Trident-Group.jpg&w=640&q=75 640w, 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Trident Group</a><p class="styles_desc__hJut5">Solar engineering, procurement, and construction (EPC) service provider Gensol Engineering has commissioned a 10.6 MW rooftop solar project for Trident’s Budhni...</p><div class="styles_date__3982F"><p class="styles_entry__TF29t">March 21, 2024</p><p class="styles_slash__BXBoW">/</p><p class="styles_entry__TF29t">Arjun Joshi</p><p class="styles_slash__BXBoW">/</p><a href="/category/commercial-industrial" class="styles_entry__TF29t"><span>C&I</span><p class="styles_comma__WZde1">,</p></a><a href="/category/rooftop-solar" class="styles_entry__TF29t"><span>Rooftop</span><p class="styles_comma__WZde1">,</p></a><a href="/category/solar" class="styles_entry__TF29t"><span>Solar</span></a></div></div></div></div><div class="styles_pagination__f4sj2"><div class="styles_container__VevPT styles_green__nVNPU"><div class="styles_prev__Z1sux"><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="chevron-left" class="svg-inline--fa 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(\u003ca href=\"https://www.iwest.co.kr/eng/index.do\" target=\"_blank\" rel=\"noopener\"\u003eKOWEPO\u003c/a\u003e) in Abu Dhabi, UAE.\u003c/p\u003e\n\u003cp\u003eThe project will feature more than 3 million solar panels mounted on single-axis trackers.\u003c/p\u003e\n\u003cp\u003eOnce operational in Q3 2026, Al Ajban is expected to generate enough electricity to power 160,000 homes and reduce carbon dioxide emissions by over 2.4 million tons annually.\u003c/p\u003e\n\u003cp\u003eThe Al Ajban project reached financial close in September after securing funding from six banks, including BNP Paribas, Credit Agricole CIB, and HSBC Middle East.\u003c/p\u003e\n\u003cp\u003eMasdar holds a 60% majority stake in the project, while EDF Renewables and KOWEPO own a 20% stake each.\u003c/p\u003e\n\u003cp\u003eUnder a 30-year Power Purchase Agreement with EWEC, the consortium will design, finance, build, and operate the project.\u003c/p\u003e\n\u003cp\u003eThe Al Ajban project is part of the UAE Net-Zero by 2050 strategic initiative and is the third utility–scale solar park in the Emirate of Abu Dhabi.\u003c/p\u003e\n\u003cp\u003eMasdar is advancing solar, wind, geothermal, battery storage, and green hydrogen technologies, with a goal of reaching a 100 GW renewable energy portfolio and becoming a top producer of green hydrogen by 2030.\u003c/p\u003e\n\u003cp\u003eThe company recently \u003ca href=\"https://www.mercomindia.com/uaes-masdar-signs-wind-project-in-kazakhstan\"\u003esigned\u003c/a\u003e an investment agreement with its partners to develop a 1 GW wind energy project in Kazakhstan’s Jambyl region. The project will include a 600 MWh Battery Energy Storage System.\u003c/p\u003e\n\u003cp\u003eIn September, Masdar and Dubai Water and Electricity Authority \u003ca href=\"https://www.mercomindia.com/uaes-masdar-to-develop-solar-park-for-dewa\" target=\"_blank\" rel=\"noopener\"\u003esigned\u003c/a\u003e an agreement to construct and operate the 1.8 GW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The project will cost up to AED5.51 billion (~$1.5 billion).\u003c/p\u003e\n\u003cp\u003eIts partner on this project, EDF Renewables, had a net installed capacity of 12.8 GW by the end of 2023.\u003c/p\u003e\n\u003cp\u003eSouth Korea’s KOWEPO is expanding its global presence, actively investing in renewable energy projects such as solar and wind, with the aim of achieving 25% of its projected production from renewable sources by 2030.\u003c/p\u003e\n","title":"Masdar, Partners Begin Construction of 1.5 GW Al Ajban Solar Project in Abu Dhabi","modifiedGmt":"2024-11-25T11:38:44","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Solar","slug":"solar"},{"name":"Tenders \u0026 Auctions","slug":"tenders-auctions"},{"name":"Utility Scale","slug":"utility-scale"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Standard-Mercom-42.jpg"}},"author":{"node":{"name":"Staff"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo3Mjg4Nw==","slug":"engie-to-build-22-mw-solar-project-for-saudi-cement-factory","date":"2024-11-20T15:40:35","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/11/amazon_polly_72887.mp3?version=1732097450\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eFrance-based energy solutions provider \u003ca href=\"https://www.engie.com/en\" target=\"_blank\" rel=\"noopener\"\u003eENGIE\u003c/a\u003e will develop a 22 MW solar photovoltaic project for Saudi Arabia’s Al Jouf Cement Company near Turaif in the country’s Northern Borders Province.\u003c/p\u003e\n\u003cp\u003eThe two companies signed a power purchase agreement (PPA) for the project covering an area of 420,000 square meters.\u003c/p\u003e\n\u003cp\u003eThe solar project is expected to cut carbon emissions by approximately 1.48 million tons over its 25-year operational lifespan.\u003c/p\u003e\n\u003cp\u003eBy generating on-site renewable power, the project will help Al Jouf Cement reduce dependence on conventional energy sources while ensuring stable energy costs under the fixed-rate PPA agreement.\u003c/p\u003e\n\u003cp\u003eThe cost of procuring power from the solar project will be lower than Al Jouf’s current procurement costs from its heavy fuel oil power plant and lower than the industrial electricity costs if connected to the national grid. The solar project is expected to contribute approximately 25% of the company’s electricity needs upon completion. Al Jouf will not incur any financing for the project, as it will not bear any capital or operational expenses.\u003c/p\u003e\n\u003cp\u003eAl Jouf is expected to save SAR3.6 million (~$0.96 million) in electricity costs annually.\u003c/p\u003e\n\u003cp\u003eThe project is tailored to meet Al Jouf’s operational needs and will integrate state-of-the-art technology, including rooftop and ground-mounted installations, to optimize energy generation.\u003c/p\u003e\n\u003cp\u003eENGIE will manage the project end-to-end, covering design, development, construction, and ongoing maintenance.\u003c/p\u003e\n\u003cp\u003eSaudi Arabia is actively pushing for the diversification of energy resources and collaborating with the private sector to decarbonize industries as part of a broader strategy to achieve its net-zero ambitions.\u003c/p\u003e\n\u003cp\u003eThe move aligns with the country’s Vision 2030 goals to transform its economy and reduce its reliance on fossil fuels.\u003c/p\u003e\n\u003cp\u003ePierre Cheyron, ENGIE’s Managing Director for Energy Solutions in the AMEA region, said, “Our collaboration with Al Jouf Cement demonstrates how renewable energy projects can transform energy-intensive industries.”\u003c/p\u003e\n\u003cp\u003eIn September, the Saudi Power Procurement Company \u003ca href=\"https://www.mercomindia.com/saudi-arabia-renewable-energy-projects\" target=\"_blank\" rel=\"noopener\"\u003einvited\u003c/a\u003e bids for solar photovoltaic and wind energy projects with a combined capacity of 4,500 MW.\u003c/p\u003e\n\u003cp\u003eEarlier this year, ENGIE \u003ca href=\"https://www.mercomindia.com/engie-signs-%E2%82%B914-6-billion-loan-with-adb\" target=\"_blank\" rel=\"noopener\"\u003esigned\u003c/a\u003e a loan agreement with the Asian Development Bank for a 400 MW solar photovoltaic power project in Gujarat, India.\u003c/p\u003e\n","title":"ENGIE to Build 22 MW Solar Project for Saudi Cement Factory","modifiedGmt":"2024-11-20T10:10:35","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Open Access","slug":"open-access"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Standard-Mercom-38.jpg"}},"author":{"node":{"name":"Staff"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo3MjY4Nw==","slug":"cleanmax-to-supply-33-mw-of-renewable-energy-to-equinixs-data-centers-in-mumbai","date":"2024-11-14T13:03:15","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/11/amazon_polly_72687.mp3?version=1731570545\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eDigital infrastructure company \u003ca href=\"https://www.equinix.com/\" target=\"_blank\" rel=\"noopener\"\u003eEquinix\u003c/a\u003e will procure power under a captive arrangement from 33 MW renewable energy projects to be set up by \u003ca href=\"https://www.cleanmax.com/\" target=\"_blank\" rel=\"noopener\"\u003eCleanMax\u003c/a\u003e to power its data centers in India.\u003c/p\u003e\n\u003cp\u003eThe captive power projects to be developed in Maharashtra comprise 26.4 MW of solar and 6.6 MW of wind power. After commissioning, the projects will supply renewable energy for Equinix’s International Business Exchange data centers in Mumbai.\u003c/p\u003e\n\u003cp\u003eThe two companies have signed a power purchase agreement (PPA) for the projects, which will be operational in phases in 2025. This is Equinix’s first PPA in India.\u003c/p\u003e\n\u003cp\u003eEarlier in 2024, the company had signed PPAs in Australia and Singapore. With the addition of this new PPA in India, Equinix has now executed 23 PPAs globally. Once operational, these agreements are expected to contribute over 3,100,000 MWh of renewable energy annually to local grids across the U.S., Australia, France, Finland, India, Portugal, Spain, Sweden, and Singapore.\u003c/p\u003e\n\u003cp\u003eIn addition, Equinix’s Energy Efficiency program focuses on reducing the energy consumption of its infrastructure, which can be monitored through a reduction in Power Usage Effectiveness (PUE). Globally, Equinix invested $77.5 million in energy efficiency projects in 2023, reducing annual energy consumption by 66,862 MWh and improving PUE by 8.8% year-over-year.\u003c/p\u003e\n\u003cp\u003eAccording to its Sustainability Report for 2023, Equinix met 96% of its power needs from renewable energy sources and has set a target to scale it to 100% by 2030. It also reduced operational emissions by 24%.\u003c/p\u003e\n\u003cp\u003eThe company has signed 1 GW of PPAs and entered into long-term contracts, with 225 MW operational today and 838 MW being developed between 2024 and 2029.\u003c/p\u003e\n\u003cp\u003eCleanMax, which has a portfolio of over 2 GW of operating renewable assets servicing over 400 clients, intends to explore broader sustainability solutions for the digital infrastructure company’s upcoming AI-ready data centers across India and the globe.\u003c/p\u003e\n\u003cp\u003eIn October 2024, Google \u003ca href=\"https://www.mercomindia.com/google-partners-with-cleanmax-adani-for-renewable-energy-supply\" target=\"_blank\" rel=\"noopener\"\u003epartnered\u003c/a\u003e with Adani Group and CleanMax Enviro Energy Solutions to power its offices in India with renewable energy.\u003c/p\u003e\n\u003cp\u003eIn the same month, Mumbai-based solar glass manufacturer Borosil Renewables also \u003ca href=\"https://www.mercomindia.com/borosil-to-procure-16-5-wind-from-clean-max-prithvi\" target=\"_blank\" rel=\"noopener\"\u003eagreed\u003c/a\u003e to procure wind-solar hybrid power from a 16.5 MW project to be developed by Clean Max Prithvi in Gujarat.\u003c/p\u003e\n","title":"CleanMax to Supply 33 MW of Renewable Energy to Equinix’s Data Centers in Mumbai","modifiedGmt":"2024-11-14T07:48:57","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Open Access","slug":"open-access"},{"name":"Solar","slug":"solar"},{"name":"Wind","slug":"wind"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Standard-Mercom-31-1.jpg"}},"author":{"node":{"name":"Staff"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo3MjM4OA==","slug":"rising-construction-margin-drives-1632-yoy-rise-in-net-profit-for-scatec","date":"2024-11-07T11:14:55","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/11/amazon_polly_72388.mp3?version=1730960301\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eNorway-based renewable energy solutions provider \u003ca href=\"https://scatec.com/\" target=\"_blank\" rel=\"noopener\"\u003eScatec\u003c/a\u003e reported a 1,632% year-over-year (YoY) rise in net profit to NOK1.65 billion (~$150.18 million) in the third quarter (Q3) of the financial year (FY) 2024-25 from NOK95 million (~$8.64 million).\u003c/p\u003e\n\u003cp\u003eThe company attributes its significant rise in net profit to improved performance in development and construction (D\u0026amp;C) activities.\u003c/p\u003e\n\u003cp\u003eThe company’s revenue also climbed 213.3% YoY to NOK2.97 billion (~$270.33 million) from NOK947 million (~$86.19 million), primarily due to revenues totaling NOK 631 million (~$57.5 million) in the D\u0026amp;C segment in the quarter, with a gross margin of 12%.\u003c/p\u003e\n\u003cp\u003eRevenues in the Philippines increased by NOK132 million (~$12 million) due to the reopening of the Reserve Market for ancillary services. The company recorded NOK185 million (~$16.85 million) revenues from new projects in operation and increased revenues from Ukraine of NOK40 million (~$3.64 million) driven by high payment level.\u003c/p\u003e\n\u003cp\u003eThe company’s EBITDA also expanded 287.6% YoY to NOK2.66 billion (~$242.12 million) from NOK686 million (~$62.44 million).\u003c/p\u003e\n\u003cp\u003ePower generation increased by 207 GWh compared to the same quarter last year, mainly driven by new projects in operation.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e9M results\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eIn the first nine months (9M) of FY25, the company’s net profit jumped by 297.74% YoY to NOK1.59 billion (~$144.72 million) from NOK399 million (~$36.31 million).\u003c/p\u003e\n\u003cp\u003eThe company’s consolidated revenue also rose 75.04% YoY to NOK5.42 billion (~$493.34 million) in 9M FY25 from NOK3.1 billion (~$282.17 million).\u003c/p\u003e\n\u003cp\u003eThe EBITDA increased by 107.5% YoY to NOK4.61 billion (~$419.61 million) from NOK2.22 billion (~$202.07 million).\u003c/p\u003e\n\u003cp\u003eIt reported earnings per share (EPS) of NOK10.20 (~$0.92) in Q3 FY25 and EPS of NOK9.13(~$0.83) in 9M.\u003c/p\u003e\n\u003cp\u003eThe company has attributed the strong 9M to key contributions from new projects in operation, strong results in the Philippines and Ukraine, and solid gains from divestments. Power production revenues were NOK1.77 billion (~$161.11 million) and power production EBITDA ended at NOK1.54 billion (~$140.17 million).\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Scatec-graph.png\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-72389 size-full\" src=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Scatec-graph.png\" alt=\"\" width=\"1582\" height=\"715\" srcset=\"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Scatec-graph.png 1582w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Scatec-graph-300x136.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Scatec-graph-768x347.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Scatec-graph-1536x694.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Scatec-graph-650x294.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Scatec-graph-624x282.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Scatec-graph-600x271.png 600w\" sizes=\"(max-width: 1582px) 100vw, 1582px\" /\u003e\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eScatec’s power projects generated 1,254 GWh in the quarter, up from 1,047 GWh in the same quarter last year, mainly driven by new plants in operation.\u003c/p\u003e\n\u003cp\u003eThe company has begun construction of two solar projects with a combined capacity of 120 MW in Tunisia in partnership with the Toyota Tsusho Group. It has also signed a 25-year power purchase agreement for a 1.1 GW solar energy project with 100MW/200MWh of battery storage in Egypt.\u003c/p\u003e\n\u003cp\u003eThe company has 556 MW of solar + BESS already under construction and 1.6 GW in backlog.\u003c/p\u003e\n\u003cp\u003eScatec CEO Terje Pilskog said, “We have had excellent progress in the projects that we have in construction, in Grootfontein in South Africa, in Botswana, and in Tunisia. We have just reached the financial close of Mogobe, a battery project in South Africa. And this will then also in the future contribute to this part of the business. And we now have 565 megawatts in construction in total. The total remaining EPC contract value amounts to NOK3.4 billion and our total committed equity investments amounts to NOK515 million in terms of the total portfolio.”\u003c/p\u003e\n\u003cp\u003eThe CEO noted that the company continues to optimize its portfolio with agreements signed to sell its African hydropower assets to TotalEnergies and Vietnam wind project to the SUSI Asia Energy Transition Fund. The company also divested parts of its solar power projects from the Renewable Energy Independent Power Producer Procurement Program (REIPPP) rounds 1 and 2 in South Africa to STANLIB. “Asset rotation, reducing ownership stakes in our operating assets to reinvest into new growth, will be a central part of our strategy going forward,” he added.\u003c/p\u003e\n\u003cp\u003eScatec’s core markets—South Africa, Egypt, Brazil, and the Philippines are expected to attract about 90% of its investments in the short to medium term.\u003c/p\u003e\n\u003cp\u003eTo finance its expansion plan of developing projects including solar PV, onshore wind, and batteries, the company is targeting proceeds of at least NOK 4 billion (~$364.35 million) from divestments by 2027. It intends to adopt a capital-efficient model with lower ownership stakes and allocate 75% of divestment proceeds to corporate debt repayments, strengthening balance sheet and financial flexibility.\u003c/p\u003e\n\u003cp\u003eThe company has increased its full-year EBITDA guidance by NOK350 million (~$31.85 million) to a midpoint of NOK4.25 billion (~$386.84 million).\u003c/p\u003e\n\u003cp\u003eThe full-year power production guidance is estimated at 4,200-4,300 GWh on a proportionate basis. The decrease in midpoint from previous guidance is driven by the partial divestment of Kalkbult, Dreunberg, and Linde.\u003c/p\u003e\n\u003cp\u003ePower production in Q4 FY25 is estimated at 1,100-1,200 GWh on a proportionate basis.\u003c/p\u003e\n\u003cp\u003eIn Q2 FY25, Scatec \u003ca href=\"https://www.mercomindia.com/scatecs-q2-2024-revenue-global-expansion-efforts\" target=\"_blank\" rel=\"noopener\"\u003ereported\u003c/a\u003e revenues of NOK1.5 billion (~$141 million), an increase of 38% YoY.\u003c/p\u003e\n\u003cp\u003eIn Q4 FY24, the company \u003ca href=\"https://www.mercomindia.com/scatec-q4-2021\" target=\"_blank\" rel=\"noopener\"\u003eannounced\u003c/a\u003e its quarterly and full-year results, showing a revenue generation of NOK46.15 billion (~$5.23 billion) in 2021, a 62% increase compared to NOK28.44 billion (~$3.22 billion) registered in 2020.\u003c/p\u003e\n","title":"Rising Construction Margin Drives 1,632% YoY Rise in Net Profit for Scatec","modifiedGmt":"2024-11-07T06:18:14","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Energy Storage","slug":"energy-storage"},{"name":"Finance and M\u0026A","slug":"financema-solar"},{"name":"Solar","slug":"solar"},{"name":"Utility Scale","slug":"utility-scale"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Standard-Mercom-18.jpg"}},"author":{"node":{"name":"Staff"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo3MjE4NQ==","slug":"cie-automotive-renew-captive-solar","date":"2024-10-31T16:41:42","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/10/amazon_polly_72185.mp3?version=1730375773\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eAutomotive components manufacturer \u003ca href=\"https://www.cie-india.com/\" target=\"_blank\" rel=\"noopener\"\u003eCIE Automotive\u003c/a\u003e will procure power from \u003ca href=\"https://www.renew.com/\" target=\"_blank\" rel=\"noopener\"\u003eReNew Green\u003c/a\u003e\u0026#8216;s 7.8 MW captive solar power project.\u003c/p\u003e\n\u003cp\u003eThe company invested ₹36.03 million (~$428,460) in cash to purchase ReNew Green’s 924,000 shares, each with a face value of ₹10 (~$0.12) and a premium of ₹29 (~$0.34). This transaction has established ReNew Green as an associate company of CIE Automotive.\u003c/p\u003e\n\u003cp\u003eOnce operational, the solar power project will provide power exclusively to CIE Automotive\u0026#8217;s manufacturing facilities in Maharashtra, supporting the company\u0026#8217;s strategy to reduce power expenses at its plants within the state.\u003c/p\u003e\n\u003cp\u003eEstablished in 2021, ReNew Green specializes in developing and operating renewable energy projects. CIE Automotive India manufactures and supplies automotive components to original equipment manufacturers and other customers domestically and internationally.\u003c/p\u003e\n\u003cp\u003eThe acquisition is not a related-party transaction, and no promoters or affiliated companies of CIE Automotive hold any interests in ReNew Green.\u003c/p\u003e\n\u003cp\u003eCIE Automotive had previously \u003ca href=\"https://www.mercomindia.com/mahindra-cie-procure-power-strongsun-solars-projects/\" target=\"_blank\" rel=\"noopener\"\u003eacquired\u003c/a\u003e a 26% stake in Strongsun Solar at a cost of ₹33.5 million (~$418,907) to procure power from two captive solar power projects in Maharashtra.\u003c/p\u003e\n\u003cp\u003eIn its annual report 2023, the company noted that its investments in associate companies like Strongsun, Clean Max Deneb Power, and Sunbarn Renewables were made to optimize power costs while increasing the share of green energy in total energy consumption across CIE\u0026#8217;s operations. A pooling sub-station and testing labs for renewable energy initiatives were also installed at its facility to support these projects, ensuring compliance and maximizing efficiency in renewable energy utilization.\u003c/p\u003e\n\u003cp\u003eThe aggregate capacity of captive power plants, including wind energy, stood at 93 MW for FY 2023. The company has installed rooftop solar panels with a capacity of 6.4 MW. It generated 145.80 million units in green energy from the group\u0026#8217;s captive and rooftop solar power projects. In 2023, the overall proportion of renewable energy consumption to total energy consumption stood at 56.94%.\u003c/p\u003e\n\u003cp\u003eIn a similar transaction recently, Kolkata-based Ramkrishna Forgings \u003ca href=\"https://www.mercomindia.com/ramkrishna-forgings-to-procure-power-from-ampins-solar-project\" target=\"_blank\" rel=\"noopener\"\u003eapproved\u003c/a\u003e an equity and debenture investment of ₹129 million (~$15.34 million) in a special purpose vehicle of AMPIN Energy Transition to procure solar power under a captive arrangement.\u003c/p\u003e\n","title":"CIE Automotive to Procure Power from ReNew’s 7.8 MW Captive Solar Project","modifiedGmt":"2024-10-31T11:56:06","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/CIE-Automotive-to-Procure-Power-from-ReNews-7.8-MW-Captive-Solar-Project.jpg"}},"author":{"node":{"name":"Arjun Joshi"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo3MTkxNA==","slug":"sunsure-to-supply-solar-power-to-ci-consumers-from-49-mw-project","date":"2024-10-25T18:43:25","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/10/amazon_polly_71914.mp3?version=1729863074\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eRenewable energy solutions provider \u003ca href=\"https://sunsure-energy.com/\" target=\"_blank\" rel=\"noopener\"\u003eSunsure Energy\u003c/a\u003e has commissioned a 49 MW solar project in Uttar Pradesh from which power will be supplied to commercial and industrial (C\u0026amp;I) consumers in a group captive mode.\u003c/p\u003e\n\u003cp\u003eInox, Kajaria, Dabur, Wonder Cement, and ATL Apollo are among the companies that will procure solar power from the project in Augasi, Banda.\u003c/p\u003e\n\u003cp\u003eThis is the company’s sixth solar open access solar power project in Uttar Pradesh.\u003c/p\u003e\n\u003cp\u003eThe company has commissioned over 100 MW of solar open-access capacity in the state in a year.\u003c/p\u003e\n\u003cp\u003eThe project brings the company’s total commissioned solar open-access projects in the state to 160 MW. The company also has 270 MW of solar projects under various stages of construction and development in the state.\u003c/p\u003e\n\u003cp\u003eThe 49 MW facility is expected to offset 1.3 million tons of CO2e over its lifetime.\u003c/p\u003e\n\u003cp\u003eSunsure Energy supplies green power to over 20 customers in the state., Sunsure Energy has 500 MW of assets under operation, 2.5 GW of renewable energy capacity under construction, and a target of 5 GW by the end of 2028.\u003c/p\u003e\n\u003cp\u003eThe company also installed a 17.5 MW ground-mounted captive solar project within the Kapilas Cement factory of Dalmia Cement (Bharat) premises.\u003c/p\u003e\n\u003cp\u003eLast month, Sunsure Energy \u003ca href=\"https://www.mercomindia.com/sunsure-2-billion-tata-capital\" target=\"_blank\" rel=\"noopener\"\u003esecured\u003c/a\u003e ₹2.26 billion (~$26.92 million) in long-term debt financing from Tata Capital to bolster its portfolio of open-access solar projects in Uttar Pradesh, which have a total operational capacity of 75 MW.\u003c/p\u003e\n\u003cp\u003eIn September 2024, Lupin, an Indian pharmaceutical firm, and Sunsure Energy \u003ca href=\"https://www.mercomindia.com/lupin-to-buy-solar-sunsures-21-mw-project\" target=\"_blank\" rel=\"noopener\"\u003eannounced\u003c/a\u003e a 21 MW solar open access power purchase agreement capped at ₹105.53 million (~$1.2 million) and to be executed in two phases.\u003c/p\u003e\n\u003cp\u003eIn the first half (1H) of 2024, India \u003ca href=\"https://www.mercomindia.com/reimposition-of-almm-pushes-5-gw-of-solar-open-access-projects-to-2025\" target=\"_blank\" rel=\"noopener\"\u003eadded\u003c/a\u003e 3.6 GW of solar open access capacity, a 153% increase from the 1.4 GW installed in 1H 2023, according to Mercom’s Q2 2024 India Solar Open Access Market Report. The capacity added in the first half of this year surpassed the total annual installations of any previous year.\u003c/p\u003e\n","title":"Sunsure to Supply Solar Power to C\u0026I Consumers from 49 MW Project","modifiedGmt":"2024-10-25T13:31:07","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Open Access","slug":"open-access"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Standard-Mercom-1.jpg"}},"author":{"node":{"name":"Staff"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo3MDg3NA==","slug":"google-partners-with-cleanmax-adani-for-renewable-energy-supply","date":"2024-10-03T18:40:48","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/10/amazon_polly_70874.mp3?version=1727962475\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eTechnology company Google has partnered with clean energy companies \u003ca href=\"https://www.adani.com/\" target=\"_blank\" rel=\"noopener\"\u003eAdani Group \u003c/a\u003eand CleanMax Enviro Energy Solutions (\u003ca href=\"https://www.cleanmax.com/\" target=\"_blank\" rel=\"noopener\"\u003eCleanMax\u003c/a\u003e) to power its offices in India with renewable energy.\u003c/p\u003e\n\u003cp\u003eUnder the agreement, CleanMax will develop a 125.4 MW wind-solar hybrid project for Google. The project comprises 66 MW of solar power in Rajasthan and 59.4 MW of wind power in Karnataka.\u003c/p\u003e\n\u003cp\u003eThese projects are expected to start commercial operations in the fourth quarter of 2025 and generate an estimated 350,000 million kWh of carbon-free energy annually. The projects will be connected to India\u0026#8217;s national grid.\u003c/p\u003e\n\u003cp\u003eThe two companies said the projects will support the decarbonization of Google’s cloud services and offices across India, aligning with Google\u0026#8217;s goal to run on 24/7 carbon-free energy on every grid where it operates by 2030.\u003c/p\u003e\n\u003cp\u003eCurrently, CleanMax has an operating renewable energy portfolio of 2 GW.\u003c/p\u003e\n\u003cp\u003eIn 2022, Meta \u003ca href=\"https://www.mercomindia.com/cleanmax-meta-invest-33-8-mw-renewable-projects-india\" target=\"_blank\" rel=\"noopener\"\u003epartnered\u003c/a\u003e with CleanMax to invest in 33.8 MW of new renewable energy projects in India. Under the partnership, CleanMax was to own and operate the projects, with Meta purchasing 100% of the green attributes from the projects.\u003c/p\u003e\n\u003cp\u003eIn April 2024, Apple \u003ca href=\"https://www.mercomindia.com/apple-partners-with-cleanmax\" target=\"_blank\" rel=\"noopener\"\u003eannounced\u003c/a\u003e a joint venture with CleanMax to power its operations in India with renewable energy. As part of the project, CleanMax installed 14.4 MW of rooftop solar projects across six industrial sites in India. The projects will power Apple’s offices, its two retail stores in the country, and other operations.\u003c/p\u003e\n\u003cp\u003eMeanwhile, the Adani Group also announced it would supply clean energy from a new wind-solar hybrid project in Khavda, Gujarat, where it is developing a 30 GW renewable energy park. This project is expected to start commercial operations in the third quarter of 2025.\u003c/p\u003e\n\u003cp\u003e“This innovative collaboration will help advance Google’s 24/7 carbon-free energy goal by ensuring cloud services and operations in India are supported by clean energy and thereby contribute to the sustainable growth of Google in India,” Adani said.\u003c/p\u003e\n","title":"Google Partners With CleanMax, Adani for Renewable Energy Supply","modifiedGmt":"2024-10-03T13:34:33","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Open Access","slug":"open-access"},{"name":"Solar","slug":"solar"},{"name":"Wind","slug":"wind"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/Standard-template-56.png"}},"author":{"node":{"name":"Staff"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo3MDAwMg==","slug":"what-ci-units-should-know-before-choosing-open-access-solar","date":"2024-09-10T10:10:03","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/09/amazon_polly_70002.mp3?version=1730721302\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eCommercial and industrial (C\u0026amp;I) consumers benefit significantly from sourcing renewable energy through open access arrangements. In addition to an assurance of reliable power supply and savings on energy costs, they can also make their operations more sustainable and reduce their carbon footprint.\u003c/p\u003e\n\u003cp\u003eThe \u003ca href=\"https://mnre.gov.in/\" target=\"_blank\" rel=\"noopener\"\u003eMinistry of New and Renewable Energy\u003c/a\u003e\u0026#8216;s green energy open access regulations have significantly boosted India\u0026#8217;s solar open access market. In the first quarter of 2024 alone, India achieved 1.8 GW of solar open access capacity, marking a 152% year-over-year increase in installations, according to the \u003ca href=\"https://www.mercomindia.com/product/q1-2024-mercom-india-solar-open-access-market-report\" target=\"_blank\" rel=\"noopener\"\u003eQ1 2024 Mercom India Solar Open Access Market Report\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eAt Mercom India\u0026#8217;s recent C\u0026amp;I Clean Energy Meet in Coimbatore, Santhosh T, Senior Manager-BD, \u003ca href=\"https://sunsure-energy.com/\" target=\"_blank\" rel=\"noopener\"\u003eSunsure\u003c/a\u003e, highlighted three key aspects that C\u0026amp;I consumers must consider before opting for solar open access: regulatory alignment, business needs, and a streamlined process facilitated by a renewable energy developer.\u003c/p\u003e\n\u003cp\u003eSince open access is heavily regulated, consumers must ensure they meet the eligibility criteria in terms of capacity. Consumers are eligible for open access if they have a capacity of 1 MW and above. However, with the introduction of green energy open access regulations, this minimum requirement has been reduced from 1 MW to 100 kW.\u003c/p\u003e\n\u003cp\u003eSanthosh referred to additional considerations, such as the prerequisites set by the Tamil Nadu Electricity Regulatory Commission, the need for an availability-based tariff (ABT) meter, and connections to Tamil Nadu Generation and Distribution Corporation (TANGEDCO) and Tamil Nadu Transmission Corporation (TANTRANSCO). Moreover, verifying whether any ongoing judicial proceedings might affect the process is important.\u003c/p\u003e\n\u003cp\u003eBusinesses must understand their energy needs. While rooftop solar typically displaces 15%- 20% of an industrial unit\u0026#8217;s consumption, open access can cover 20-60%, depending on the state. In Tamil Nadu, this can extend up to 60%.\u003c/p\u003e\n\u003cp\u003eCompanies must navigate open access regulations, manage the request for proposal (RfP) process, and structure long-term contracts that may last up to 25 years.\u003c/p\u003e\n\u003cp\u003eSanthosh pointed out that the market potential for C\u0026amp;I open access over the next eight years is projected to reach 80 GW. This represents a significant opportunity for developers, whether through inter-state or intra-state connections, though managing supply constraints remains a challenge.\u003c/p\u003e\n\u003cp\u003eAddressing the advancements in Battery Energy Storage Systems (BESS), Jefry Sahayam, BDM \u0026#8211; South India (DG), \u003ca href=\"https://www.jinkosolar.com/en/\" target=\"_blank\" rel=\"noopener\"\u003eJinko Solar\u003c/a\u003e emphasized the importance of enhancing the productivity of existing systems. He noted that batteries have become a cost-effective alternative to diesel generators, offering consumers a reasonable return on investment. \u0026#8220;With a payback period now reduced to 7-8 years, the challenge remains the 25% peak charges. BESS will become even more viable as prices continue to fall, attracting increased investment.\u0026#8221;\u003c/p\u003e\n\u003cp\u003eFor industries such as data centers, where minimizing power disruptions is critical, Sahayam highlighted the adoption of lithium ferro-phosphate (LFP) batteries in solar systems with BESS. These batteries help ensure a smooth transition during power cuts. He also mentioned that industries are increasingly shifting from diesel generators to BESS to reduce carbon emissions.\u003c/p\u003e\n\u003cp\u003eBESS installation costs have dropped significantly this year. Manufacturers are optimistic that further price reductions will attract more customers as the payback period is shortened.\u003c/p\u003e\n\u003cp\u003eThe next Mercom India C\u0026amp;I Clean Energy Meet event will be held in \u003ca href=\"https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2024-pune\" target=\"_blank\" rel=\"noopener\"\u003ePune\u003c/a\u003e on September 20, 2024. You can register \u003ca href=\"https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2024-pune/contact\" target=\"_blank\" rel=\"noopener\"\u003ehere\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"mailto:sales@mercomindia.com?subject=Seeking%20Solar%20Installation%20Guidance%20and%20Vendor%20Recommendations%20for%20Business\" target=\"_blank\" rel=\"noopener\"\u003eContact us\u003c/a\u003e if you plan to install solar and need guidance or vendor recommendations.\u003c/p\u003e\n","title":"What C\u0026I Units Should Know Before Choosing Open Access Solar","modifiedGmt":"2024-11-04T11:54:55","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Energy Storage","slug":"energy-storage"},{"name":"Open Access","slug":"open-access"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/09/What-CI-Units-Should-Know-Before-Choosing-Open-Access-Solar.jpg"}},"author":{"node":{"name":"Namratha A Rai"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo2OTkxMQ==","slug":"green-mandates-push-indian-industries-toward-solar","date":"2024-09-06T10:55:42","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/09/amazon_polly_69911.mp3?version=1725943313\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eRooftop solar is gaining significant traction among commercial and industrial (C\u0026amp;I) companies in India, primarily due to its potential for substantial energy cost reduction. Additionally, businesses can profit by selling excess energy back to the grid through net metering arrangements.\u003c/p\u003e\n\u003cp\u003eThe result has been that India added 1.1 GW of rooftop solar capacity in the first half of the calendar year 2024, which is the highest half-yearly installation to date, according to Mercom India\u0026#8217;s newly released \u003ca href=\"https://www.mercomindia.com/product/rooftop-solar-market-report-q2-2024\" target=\"_blank\" rel=\"noopener\"\u003eQ2 2024 India Rooftop Solar Market Report\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eStates like Tamil Nadu, with its large industrial base, stand to benefit greatly from this surge in solar installations.\u003c/p\u003e\n\u003cp\u003eThe cost of installing rooftop solar systems varies based on project size and site conditions, with the average price hovering around ₹26,000 (~$309) per kW. For instance, a 1 MW rooftop solar project in Tamil Nadu can generate approximately 1.4 million units of electricity annually under optimal conditions, offering considerable savings on electricity bills. With current tariff rates, the investment typically pays off within three years.\u003c/p\u003e\n\u003cp\u003eAt Mercom India\u0026#8217;s C\u0026amp;I Clean Energy Meet in Coimbatore, Anurag Chivilkar, Director \u0026amp; VP \u0026#8211; Business Development at \u003ca href=\"https://roofsol.com/\" target=\"_blank\" rel=\"noopener\"\u003eRoofsol Energy\u003c/a\u003e, emphasized that while cost savings remain a key motivator, pressure from investors to meet green energy mandates is a growing driver behind the adoption of rooftop solar in industries. Solar power is pivotal in achieving environmental goals, enhancing both compliance and corporate reputation.\u003c/p\u003e\n\u003cp\u003eBusinesses also benefit from attractive financial incentives, such as accelerated depreciation, allowing companies to save significantly on taxes. By reducing reliance on grid electricity, rooftop solar lowers energy costs, improving product competitiveness.\u003c/p\u003e\n\u003cp\u003eManikandan S, Director at \u003ca href=\"https://speroelectric.in/\" target=\"_blank\" rel=\"noopener\"\u003eSPERO Mobility and Energy Solution\u003c/a\u003e, pointed out that regions like Coimbatore are experiencing a rise in green energy demand, particularly in the textile industry, which is under increasing pressure to reduce carbon emissions due to regulations like the Carbon Border Adjustment Mechanism (CBAM).\u003c/p\u003e\n\u003cp\u003eHowever, before investing in solar, industries must carefully consider capital expenditures and potential savings. According to Chivilkar, financing is a critical factor, with a 20% internal rate of return (IRR) considered attractive.\u003c/p\u003e\n\u003cp\u003eDespite the many benefits, rooftop solar adoption still faces challenges. Policy instability, lack of awareness, and complex financing options continue to hinder wider implementation. Stable, long-term government policies and improved financing solutions are urgently needed to drive broader adoption.\u003c/p\u003e\n\u003cp\u003eSelecting the right vendor is another challenge, as about 65-68% of the market remains unorganized. Businesses must ensure they work with reputable EPC (Engineering, Procurement, and Construction) providers and verify the authenticity of the solar modules they use. Given that solar modules account for 55-60% of total project costs, any issues with them could have serious consequences. Proper verification of documentation and test reports is essential.\u003c/p\u003e\n\u003cp\u003eChivilkar also highlighted the transition from p-type to n-type solar panels, which offer higher efficiency and lower degradation. Although initially more expensive, the price gap between the two types has narrowed as more manufacturers adopt n-type technology.\u003c/p\u003e\n\u003cp\u003eInverters, another crucial component of solar installations, also play a significant role in determining costs. String inverters are commonly used in smaller setups, with some models incorporating optimizers to boost efficiency, albeit at a higher price.\u003c/p\u003e\n\u003cp\u003eTraditionally, MSMEs and large companies have focused on their core operations, outsourcing power management. However, the rise of renewable energy—particularly solar—has introduced new complexities, requiring businesses to evaluate factors like panel types, maintenance, and safety protocols.\u003c/p\u003e\n\u003cp\u003eTo address some of these challenges, the Southern India Chamber of Commerce and Industry (\u003ca href=\"https://www.sicci.in/\" target=\"_blank\" rel=\"noopener\"\u003eSICCI\u003c/a\u003e) is developing a user-friendly app to help companies compare solar vendors and solutions, understand regional options, and make informed decisions.\u003c/p\u003e\n\u003cp\u003eChivilkar shared that Roofsol Energy has introduced models to ease cost concerns. One option allows customers to avoid upfront capital investment by offering discounted power rates under long-term agreements (typically 15-25 years). For example, power rates may drop from ₹8 ($0.095) to ₹4.2 ($0.05) per kWh under this operating expenditure model. However, these power purchase agreements (PPAs) are generally available only to industries with solid credit ratings.\u003c/p\u003e\n\u003cp\u003eFor companies without formal credit ratings, financing options like Equated Monthly Installment (EMI) plans are available, requiring a 20-25% equity contribution from banks, while private investors may offer 100% financing at higher interest rates (around 9.5-10%).\u003c/p\u003e\n\u003cp\u003eLeasing options are also becoming more popular. Under these arrangements, companies like Tata Capital or Siemens Capital retain solar system ownership for at least five years before transferring it to the customer.\u003c/p\u003e\n\u003cp\u003eThe next event will be held in \u003ca href=\"https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2024-pune\" target=\"_blank\" rel=\"noopener\"\u003ePune\u003c/a\u003e on September 20, 2024. You can register \u003ca href=\"https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2024-pune/contact\" target=\"_blank\" rel=\"noopener\"\u003ehere\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003e\u003ca href=\"mailto:sales@mercomindia.com?subject=Seeking%20Solar%20Installation%20Guidance%20and%20Vendor%20Recommendations%20for%20Business\" target=\"_blank\" rel=\"noopener\"\u003eContact us\u003c/a\u003e if your business is planning to install solar and need guidance or vendor recommendations.\u003c/p\u003e\n","title":"Investor Expectations and Green Mandates Push Indian Industries Toward Solar","modifiedGmt":"2024-09-10T04:41:47","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/09/Investor-Expectations-and-Green-Mandates-Push-Indian-Industries-Toward-Solar.jpg"}},"author":{"node":{"name":"Arjun Joshi"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo2ODU4Ng==","slug":"renewable-energy-adoption-growing-in-india","date":"2024-07-29T17:12:44","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/07/amazon_polly_68586.mp3?version=1722405282\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eRenewable energy adoption by India\u0026#8217;s Commercial and Industrial (C\u0026amp;I) sector is experiencing rapid growth, with demand for clean energy solutions increasing significantly over the past two years.\u003c/p\u003e\n\u003cp\u003eThis surge in adoption is driven by falling renewable energy costs and supportive policies in several states.\u003c/p\u003e\n\u003cp\u003eAt the Mercom Indian Renewables Summit 2024, industry experts shared their insights on the current state of the market, challenges, and prospects for corporate renewable energy adoption in India at a session, \u0026#8216;Industrial and Commercial Units Driving Green Energy Agenda.\u0026#8217;\u003c/p\u003e\n\u003cp\u003eThe C\u0026amp;I renewable energy market has seen remarkable expansion, nearly doubling in size over the last two years, Kiran Kumar Perka, Head of Open Access C\u0026amp;I at \u003ca href=\"https://www.o2power.in/\" target=\"_blank\" rel=\"noopener\"\u003eO2 Power\u003c/a\u003e, said that the demand is growing multifold, with companies exploring various renewable energy options.\u003c/p\u003e\n\u003cp\u003eInitially, the focus was primarily on solar energy, but the market has evolved to include hybrid wind-solar projects. The introduction of the Interstate Transmission System (ISTS) waiver has further expanded opportunities for consumers, allowing them to access renewable energy from resource-rich states.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eEmerging Technologies and Solutions\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eThe panel discussed how energy storage solutions are becoming increasingly viable for corporate renewable energy projects. Just a year ago, storage was not considered a feasible option, but recent advancements have made it more attractive to consumers.\u003c/p\u003e\n\u003cp\u003eThe market is shifting towards hybrid projects, combining solar and wind power to provide a more consistent energy supply.\u003c/p\u003e\n\u003cp\u003eIn this light, Amit Mittal, COO of \u003ca href=\"https://ampin.energy/\" target=\"_blank\" rel=\"noopener\"\u003eAmpin Energy\u003c/a\u003e, emphasized the need for greater flexibility in hybrid projects to benefit consumers.\u003c/p\u003e\n\u003cp\u003eCyriac Loyola, Customer Project Manager at \u003ca href=\"https://www.sma-india.com/\" target=\"_blank\" rel=\"noopener\"\u003eSMA Solar India\u003c/a\u003e, highlighted the importance of developing future-proof platforms that integrate various energy sources easily. This approach allows for greater adaptability as business dynamics evolve. Open access policies have been a game-changer for the corporate renewable energy sector. States like Karnataka, Maharashtra, Gujarat, and Tamil Nadu have implemented conducive policies that have helped develop the OA segment.\u003c/p\u003e\n\u003cp\u003ePanelists called for a uniform open-access policy across states.\u003c/p\u003e\n\u003cp\u003eMittal stressed that basic open-access guidelines should be consistent nationwide to simplify operations for developers and consumers.\u003c/p\u003e\n\u003cp\u003eRajib Roy Choudhary, Head of Business Development at \u003ca href=\"https://www.candi.solar/\" target=\"_blank\" rel=\"noopener\"\u003eCandi Solar\u003c/a\u003e, emphasized the need for distribution companies (DISCOMs) to view distributed generation as an opportunity rather than a threat. Improved collaboration between DISCOMs and renewable energy developers is crucial for the sector\u0026#8217;s growth.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003eChallenges and Opportunities\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eWith ambitious targets for open-access renewable energy capacity, land availability has become a significant concern. The industry aspires to grow from 20 GW to 80 GW, requiring substantial land resources.\u003c/p\u003e\n\u003cp\u003eWhile supportive policies exist, their implementation on the ground remains a challenge. Perka called for a transparent, digital, and automated mechanism to streamline approval processes and other procedures.\u003c/p\u003e\n\u003cp\u003eDespite the growth in corporate renewable energy adoption, most industries have yet to embrace green power. Rajib Roy Choudhary estimated that only 0.5% of industries currently use hybrid power, indicating significant untapped potential in the market.\u003c/p\u003e\n","title":"Renewable Energy Adoption by C\u0026I Units Growing in India","modifiedGmt":"2024-07-31T05:54:37","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Consumers","slug":"consumers"},{"name":"Markets \u0026 Policy","slug":"markets-policy"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/07/CI-Mercom-Summit.jpg"}},"author":{"node":{"name":"Gautamee Hazarika"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo2NzIzNA==","slug":"ifc-invests-105-million-in-brookfields-500-mw-solar-project-in-rajasthan","date":"2024-06-18T12:56:36","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/06/amazon_polly_67234.mp3?version=1730709434\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eThe International Finance Corporation (\u003ca href=\"https://www.ifc.org/en/home\" target=\"_blank\" rel=\"noopener\"\u003eIFC\u003c/a\u003e) will partially finance a 550 MW solar power project being developed by \u003ca href=\"https://www.brookfield.com/\" target=\"_blank\" rel=\"noopener\"\u003eBrookfield Asset Management\u003c/a\u003e in Bikaner, Rajasthan, with a $105 million investment.\u003c/p\u003e\n\u003cp\u003eThe investment will be through long-term non-convertible debentures assigned to the project\u0026#8217;s special purpose vehicles, which will implement the project.\u003c/p\u003e\n\u003cp\u003eThe project will be connected to the inter-state transmission system of India\u0026#8217;s green energy corridor.\u003c/p\u003e\n\u003cp\u003eBrookfield will provide commercial and industrial (C\u0026amp;I) consumers with solar power at competitive tariffs through long-term power purchase agreements and merchant markets via power exchanges.\u003c/p\u003e\n\u003cp\u003e\u0026#8220;Through our partnership with Brookfield, IFC aims to facilitate the broader uptake of clean energy by demonstrating the viability of large-scale renewable energy generation and sale to pan-India corporate and industrial clients through the interstate transmission system,\u0026#8221; said Imad N. Fakhoury, IFC\u0026#8217;s Regional Director for South Asia.\u003cstrong\u003e \u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003e\u0026#8220;The novel procurement options underscore the role of hybrid transactions in scaling up investments in renewables, increasing market competitiveness, and offsetting the energy sector\u0026#8217;s carbon footprint—key to achieving India\u0026#8217;s climate goals,\u0026#8221; he said.\u003c/p\u003e\n\u003cp\u003eNawal Saini, Managing Director, Renewable Power \u0026amp; Transition, Brookfield, said, \u0026#8220;We are pleased to collaborate with IFC, sharing a common goal through this strategic partnership. The corporate appetite for clean energy is growing in India, with over 5 GW of renewable capacity added for the C\u0026amp;I sector in the last 12 months alone. By leveraging our operational expertise, we plan to continue to expand our renewable and energy transition footprint in India, focusing on both state utility and C\u0026amp;I segments in the country.\u0026#8221; said.\u003c/p\u003e\n\u003cp\u003eThe IFC has \u003ca href=\"https://www.mercomindia.com/blended-finance-indias-transition-clean-energy-ifc\" target=\"_blank\" rel=\"noopener\"\u003eadvocated\u003c/a\u003e the concept of blended finance to bolster India\u0026#8217;s transition to clean energy by attracting greater private investment into impactful climate initiatives. Blended finance involves the integration of concessional funds from governments and philanthropic organizations with funds from development finance institutions such as the IFC.\u003c/p\u003e\n\u003cp\u003eIn March, IFC \u003ca href=\"https://www.mercomindia.com/grasim-secures-ifc-for-decarbonization-initiatives\" target=\"_blank\" rel=\"noopener\"\u003einvested\u003c/a\u003e ₹12.5 billion (~$150.3 million) in Grasim Industries to help its decarbonization initiatives.\u003c/p\u003e\n","title":"IFC Invests $105 Million in Brookfield’s 500 MW Solar Project in Rajasthan","modifiedGmt":"2024-11-04T08:37:08","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/06/IFC-Invests-105-Million-in-Brookfields-500-MW-Solar-Project-in-Rajasthan.jpg"}},"author":{"node":{"name":"Namratha A Rai"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo2NjY0NA==","slug":"mercom-indias-meet-returns-to-mumbai","date":"2024-05-28T19:01:12","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/05/amazon_polly_66644.mp3?version=1717069618\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eMercom India\u0026#8217;s third \u0026#8220;C\u0026amp;I Clean Energy Meet\u0026#8221; series returns to Mumbai on May 30, 2024, when renewable industry stakeholders come together to discuss issues surrounding commercial and industrial businesses transitioning to clean energy.\u003c/p\u003e\n\u003cp\u003eThe event will be held at Hotel Ramada in Navi Mumbai. The agenda for the event can be viewed \u003ca href=\"https://www.mercomindia.com/event/c-and-i-clean-energy-meet-2024-mumbai/agenda\" target=\"_blank\" rel=\"noopener\"\u003ehere\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eThrough the event, Mercom India aims to facilitate connections between clean energy solution providers and consumers to discuss power requirements, cost benefits, challenges, opportunities, and solutions.\u003c/p\u003e\n\u003cp\u003eMumbai, India\u0026#8217;s financial capital and economic powerhouse, hosts some of the nation\u0026#8217;s largest corporations along with numerous small and medium-sized enterprises (SMEs). The city is home to industries spread across sectors.\u003c/p\u003e\n\u003cp\u003eBusinesses adopting solar energy and other renewable energy sources has become imperative to cut electricity costs and make their operations sustainable.\u003c/p\u003e\n\u003cp\u003eFor instance, rooftop solar systems are a one-time investment that offers significant benefits and positively impacts business operations.\u003c/p\u003e\n\u003cp\u003eC\u0026amp;I entities, large institutions, and residential apartment buildings seek clean energy at a lower cost than grid power tariffs. Rooftop solar, being cost-effective and environmentally friendly, presents an attractive option to reduce operating expenses over the long term.\u003c/p\u003e\n\u003cp\u003eRegistration for the event begins at 9:30 AM, followed by the inaugural session, which will have KR Gopi, President, and Pradeep Garg, General Secretary at \u003ca href=\"https://www.tmia.in/\" target=\"_blank\" rel=\"noopener\"\u003eTTC-MIDC Industries Association\u003c/a\u003e, on the panel.\u003c/p\u003e\n\u003cp\u003eThe first session is titled \u0026#8220;\u003cstrong\u003eRooftop Solar – Harnessing the Green Route to Reducing Electricity Bills\u003c/strong\u003e.\u0026#8221; The speakers for this session include Shantanu Sirsath, CTO at \u003ca href=\"https://en.growatt.com/\" target=\"_blank\" rel=\"noopener\"\u003eGrowatt\u003c/a\u003e; and Harshit Jayaswal, DGM of Business Development at \u003ca href=\"https://amplussolar.com/\" target=\"_blank\" rel=\"noopener\"\u003eAmplus Solar.\u003c/a\u003e\u003c/p\u003e\n\u003cp\u003eThe second session of the day, scheduled for noon, will focus on \u0026#8220;\u003cstrong\u003eClean Power Purchase—Switching to Renewable Energy and Optimizing Savings.\u003c/strong\u003e\u0026#8221; The speakers for this session are KM Wadhera, COO of \u003ca href=\"https://www.ampyrenergy.com/\" target=\"_blank\" rel=\"noopener\"\u003eAmpyr Energy\u003c/a\u003e; Vijay Ghatole, Head of DG Business at \u003ca href=\"https://www.jinkosolar.com/en/\" target=\"_blank\" rel=\"noopener\"\u003eJinko\u003c/a\u003e; Amit Kumar, Co-Founder and Managing Partner at \u003ca href=\"https://altilium.co.in/\" target=\"_blank\" rel=\"noopener\"\u003eAltilium;\u003c/a\u003e and Manish Relan, Assistant Vice President of Sales at Swelect \u003ca href=\"https://swelectes.com/\" target=\"_blank\" rel=\"noopener\"\u003eEnergy\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003ePost lunch, the event will continue with a panel discussion on \u0026#8220;\u003cstrong\u003eAttractive Financing Options – Easy and Affordable Green Loans.\u0026#8221;\u003c/strong\u003e The speakers for this session are Gopinath D, DGM at \u003ca href=\"https://www.sidbi.in/en/\" target=\"_blank\" rel=\"noopener\"\u003eSIDBI\u003c/a\u003e; Vikas Agarwal, Co-founder and CBO of \u003ca href=\"https://creditfair.in/\" target=\"_blank\" rel=\"noopener\"\u003eCredit Fair\u003c/a\u003e; and Vikesh Agrawal, Co-Founder and COO at \u003ca href=\"https://www.aerem.co/\" target=\"_blank\" rel=\"noopener\"\u003eAerem\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003eHarshit Jayaswal from Amplus Solar will present a case study on \u003cstrong\u003e\u0026#8220;Ground Mount Solar Installations – Generating Power, Consuming Efficiently, and Achieving Savings.\u0026#8221;\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eAll the speakers will be available to answer questions following the discussions.\u003c/p\u003e\n\u003cp\u003eThe event will benefit C\u0026amp;I consumers with large power needs, aiming to reduce their power costs while adopting green energy, clean energy solution providers targeting C\u0026amp;I consumers and financial institutions.\u003c/p\u003e\n\u003cp\u003eManufacturers, lenders, investors, facility and plant managers, C-level executives of C\u0026amp;I businesses, engineers, and procurement managers will find the event helpful.\u003c/p\u003e\n\u003cp\u003eThe meet will discuss optimal solutions for purchasing low-cost, reliable, clean power, understand India\u0026#8217;s evolving energy market, and gain insights from industry leaders and experts on the energy transition.\u003c/p\u003e\n\u003cp\u003eInterested entities can register for the event by writing to \u003ca href=\"mailto:events@mercomindia.com\" target=\"_blank\" rel=\"noopener\"\u003eevents@mercomindia.com\u003c/a\u003e\u003c/p\u003e\n","title":"Mercom India’s ‘C\u0026I Clean Energy Meet’ Returns to Mumbai","modifiedGmt":"2024-05-30T11:46:55","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Consumers","slug":"consumers"},{"name":"Renewable Energy","slug":"renewable-energy"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/05/Picture1-7.png"}},"author":{"node":{"name":"Gautamee Hazarika"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo2NjUyNg==","slug":"ci-project-may-lose-on-savings","date":"2024-05-24T10:29:05","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/05/amazon_polly_66526.mp3?version=1716903238\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eMercom India held its first \u003ca href=\"https://www.mercomindia.com/event/c-and-i-clean-energy-virtual-meet-2024/register\" target=\"_blank\" rel=\"noopener\"\u003eVirtual C\u0026amp;I Clean Energy Meet\u003c/a\u003e on May 22, 2024, focusing on tackling the increasing demand for clean energy solutions among major power consumers in Jharkhand, Chhattisgarh, and Madhya Pradesh. The event provided crucial insights into cost-saving strategies and facilitated meaningful interactions between clean energy solution providers and commercial and industrial (C\u0026amp;I) consumers.\u003c/p\u003e\n\u003cp\u003eThe event addressed various aspects of power requirements, highlighting cost benefits, potential challenges, opportunities, and effective solutions. Participants gained exposure to the latest advancements in clean energy technologies designed to reduce operational costs and a deeper understanding of the benefits of transitioning to clean energy and the principles of environmental sustainability.\u003c/p\u003e\n\u003cp\u003eThe panelists were Rajat Shrivastava, GM Marketing at \u003ca href=\"https://www.iconsolar-en.com/\" target=\"_blank\" rel=\"noopener\"\u003eIcon Solar\u003c/a\u003e, Pawan Pandey, Head –Execution, Distributed Energy Business at \u003ca href=\"https://www.jakson.com/\" target=\"_blank\" rel=\"noopener\"\u003eJakson Group\u003c/a\u003e, and Ashish Verma, VP – Business Development at \u003ca href=\"https://www.gensol.in/services/solar-epc\" target=\"_blank\" rel=\"noopener\"\u003eGensol EPC\u003c/a\u003e.\u003c/p\u003e\n\u003cp\u003ePriya Sanjay, Managing Director, Mercom India, moderated the session.\u003c/p\u003e\n\u003cp\u003ePriya Sanjay opened the discussion by highlighting the growth of rooftop solar in the commercial sector, which is driven by decreasing costs and the recognition of significant cost savings by businesses. Many companies have integrated rooftop solar into their corporate social responsibility initiatives. The compound annual growth rate (CAGR) for rooftop solar in the commercial consumers segment stands at around 27%, while industrial rooftop solar installations have seen a CAGR of about 33% from 2014 to 2023.\u003c/p\u003e\n\u003cp\u003eShe also pointed out that due to rooftop solar\u0026#8217;s limited power generation capacity, large C\u0026amp;I consumers increasingly turn to open access solar projects to meet their renewable energy needs. The open access solar market has expanded substantially since 2013, with a year-over-year growth rate of approximately 53%. Currently, about 12,200 MW of open access solar projects are installed across various states in India.\u003c/p\u003e\n\u003cp\u003ePandey noted that C\u0026amp;I unit owners must evaluate their financial stability and long-term goals when considering rooftop solar installations. Rooftop solar is often the first step in adopting renewable energy due to the ease of installation and on-site benefits.\u003c/p\u003e\n\u003cp\u003eHe said that deciding to go in for a CAPEX or OPEX model depends on the business\u0026#8217;s financial capacity and strategic priorities. The CAPEX model, where the owner makes the initial investment, offers long-term savings, control over the solar installation, and potential property value increases. It is ideal for those with enough financial resources to invest.\u003c/p\u003e\n\u003cp\u003e\u0026#8220;On the other hand, the OPEX model, which involves third-party investment and payment through installments or a power purchase agreement, suits businesses looking to avoid upfront costs. Both models provide significant benefits, and the choice should align with the business\u0026#8217;s specific needs and financial condition,\u0026#8221; Pandey said.\u003c/p\u003e\n\u003cp\u003eVerma provided detailed financial insights into the cost and investment of a 100 kW rooftop solar system. \u0026#8220;Installing a 100 kW rooftop solar system typically costs between ₹2.5 million (~$30,022) and ₹2.6 million (~$31,223). Such a system generates approximately 120,000 to 130,000 units of electricity. In regions like Chhattisgarh, Jharkhand, and Madhya Pradesh, where commercial industry tariffs are in the ₹7 (~$0.084)/kWh to ₹8 (~$0.096)/kWh range, the cost of generation from rooftop solar is around ₹3.7 (~$0.044)/kWh to ₹4 (~$0.048)/kWh. The difference between the cost of generation and the commercial tariff is around ₹3 (~$0.036)/kWh to ₹3.5 (~$0.042)/kWh. The payback period for the initial investment is estimated to be 5.5 to 6 years. With accelerated depreciation, the investment can be recovered within 3 to 4 years,\u0026#8221; he explained.\u003c/p\u003e\n\u003cp\u003eVerma noted that today, any organization must adopt a sustainability approach to remain competitive, especially post-COVID. Companies are increasingly focusing on reducing carbon emissions, particularly through adopting renewable energy sources like solar power.\u003c/p\u003e\n\u003cp\u003e\u0026#8220;This shift is driven by regulatory requirements and market demands, with industries such as textiles and cement leading the way in implementing rooftop and ground-mounted solar installations. The trend towards sustainability also improves corporate brand image, attracts climate-conscious talent, and provides commercial benefits by reducing energy costs and increasing profitability. Overall, being climate-conscious is becoming essential for corporate growth and competitiveness, Verma added.\u003c/p\u003e\n\u003cp\u003eShrivastava noted that this is the right time to have a rooftop or open access to any solar energy source. Many consumers like to wait, depending on whether module prices are going up or down.\u003c/p\u003e\n\u003cp\u003e\u0026#8220;If you delay the project for just one component \u0026#8211; the solar module, you might miss out on overall savings. It is not only about the plan but the cost you are saving and investing for 25 to 30 years from now on.\u0026#8221;\u003c/p\u003e\n\u003cp\u003eHe highlighted that prices are dynamic, and there is no way to predict the market. Having a rooftop solar system saves operating costs, giving C\u0026amp;I entities an edge for R\u0026amp;D or marketing. With savings, the company\u0026#8217;s products can be competitively priced.\u003c/p\u003e\n\u003cp\u003eEach state offers a different incentive for C\u0026amp;I consumers to adopt renewable energy. Jharkhand has a distinct exemption on charges for rooftop solar, intrastate solar with storage, and intrastate captive and third-party solar projects of less than 25 MW.\u003c/p\u003e\n\u003cp\u003eIn Madhya Pradesh, electricity duty and energy development cess are exempt for renewable projects for 10 years.\u003c/p\u003e\n\u003cp\u003eChhattisgarh offers electricity exemption for projects by MSMEs and facilities land of grid-connected projects.\u003c/p\u003e\n","title":"A C\u0026I Project Delayed Because of Solar Module Prices May Lose Out on Overall Savings","modifiedGmt":"2024-05-28T13:33:49","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/05/A-CI-Project-Delayed-Because-of-Solar-Module-Prices-May-Lose-Out-on-Overall-Savings.jpg"}},"author":{"node":{"name":"Arjun Joshi"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo2NTM3Mw==","slug":"apple-partners-with-cleanmax","date":"2024-04-18T13:03:49","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/04/amazon_polly_65373.mp3?version=1715861499\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eTech giant \u003ca href=\"https://www.apple.com/\" target=\"_blank\" rel=\"noopener\"\u003eApple\u003c/a\u003e has announced a joint venture with Mumbai-based renewable energy firm \u003ca href=\"https://www.cleanmax.com/\" target=\"_blank\" rel=\"noopener\"\u003eCleanMax\u003c/a\u003e to power its operations in India with renewable energy as part of its \u003ca href=\"https://www.mercomindia.com/apple-decarbonize-supply-chain-2030-add-3000-gwh-renewable\" target=\"_blank\" rel=\"noopener\"\u003egoal\u003c/a\u003e to be carbon neutral across its entire value chain by the end of this decade.\u003c/p\u003e\n\u003cp\u003eAs part of the collaboration, CleanMax has installed 14.4 MW of rooftop solar power projects across six industrial sites in India. These installations are expected to mitigate around 207,000 tons of CO2 emissions over their operational lifetime.\u003c/p\u003e\n\u003cp\u003eThe projects will power Apple\u0026#8217;s offices, its two retail stores in the country, and other operations.\u003c/p\u003e\n\u003cp\u003eThe company said the partnership will assist Apple in addressing the emissions associated with its India operations.\u003c/p\u003e\n\u003cp\u003e\u0026#8220;It showcases an industry-leading approach to the creation of green energy assets,\u0026#8221; said Kuldeep Jain, Managing Director of CleanMax.\u003c/p\u003e\n\u003cp\u003eCleanMax has a portfolio of 2 GW of operating renewable assets, according to the company website.\u003c/p\u003e\n\u003cp\u003eSeparately, Apple also announced that more than 18 GW of clean electricity now powers its global operations and manufacturing supply chain, which has tripled since 2020. This includes new investments in solar power in the U.S. and Europe to help address the electricity used to charge and power Apple devices.\u003c/p\u003e\n\u003cp\u003eApple has also signed a power purchase agreement with Germany-based \u003ca href=\"https://www.ibvogt.com/\" target=\"_blank\" rel=\"noopener\"\u003eib vogt\u003c/a\u003e for 105 MW of solar power in Spain. The project uses bifacial solar panels and is expected to come online by the end of 2024\u003c/p\u003e\n\u003cp\u003eOver 320 of Apple\u0026#8217;s suppliers \u0026#8211; representing 95% of its direct manufacturing spend \u0026#8211; have already transitioned to using clean electricity for Apple-related operations, the company claimed.\u003c/p\u003e\n\u003cp\u003eThis has resulted in 16.5 GW of renewable energy capacity throughout its supply chain, avoiding more than 18.5 million metric tons of carbon emissions last year. It also has over 1 GW of new wind and solar projects in China through the company\u0026#8217;s China Clean Energy Fund.\u003c/p\u003e\n\u003cp\u003eIn 2021, Apple \u003ca href=\"https://mercomindia.com/apple-doubles-suppliers-committed-clean-energy/\" target=\"_blank\" rel=\"noopener\"\u003eannounced\u003c/a\u003e that it had more than doubled the number of suppliers committed to using 100% clean energy.\u003c/p\u003e\n","title":"Apple Partners with CleanMax to Power India Operations with Renewable Energy","modifiedGmt":"2024-05-16T12:11:30","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/04/Apple-Partners-with-CleanMax-to-Power-India-Operations-with-Renewable-Energy.jpg"}},"author":{"node":{"name":"Arshreet Singh"}},"videoFields":{"videoLink":null}},{"id":"cG9zdDo2NDY3Ng==","slug":"gensol-commissions-rooftop-solar-trident","date":"2024-03-21T19:14:13","content":"\n\t\t\t\t\t\u003ctable id=\"amazon-polly-audio-table\"\u003e\n\t\t\t\t\t\t\u003ctr\u003e\n\t\t\t\t\t\t\u003ctd id=\"amazon-polly-audio-tab\"\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-label\"\u003eListen to this article\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-ai-player-container\"\u003e\n\t\t\t\u003caudio class=\"amazon-ai-player\" id=\"amazon-ai-player\" preload=\"none\" controls controlsList=\"nodownload\" \u003e\n\t\t\t\t\u003csource type=\"audio/mpeg\" src=\"https://cms.mercomindia.com/wp-content/uploads/2024/03/amazon_polly_64676.mp3?version=1711028801\"\u003e\n\t\t\t\u003c/audio\u003e\n\t\t\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-subscribe-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\t\u003cdiv id=\"amazon-polly-by-tab\"\u003e\u003c/div\u003e\n\t\t\t\t\t\t\u003c/td\u003e\n\t\t\t\t\t\t\u003c/tr\u003e\n\t\t\t\t\t\u003c/table\u003e\u003cp\u003eSolar engineering, procurement, and construction (EPC) service provider \u003ca href=\"https://www.gensol.in/\" target=\"_blank\" rel=\"noopener\"\u003eGensol Engineering\u003c/a\u003e has commissioned a 10.6 MW rooftop solar project for \u003ca href=\"https://www.tridentindia.com/\" target=\"_blank\" rel=\"noopener\"\u003eTrident\u0026#8217;s\u003c/a\u003e Budhni Textile Unit in Madhya Pradesh.\u003c/p\u003e\n\u003cp\u003eThe project utilizes nearly 20,000 545Wp Longi Hi-MO 5 Bifacial Dual Glass LR5-72HBD modules and is expected to produce approximately 15,000 MWh annually. This is enough clean energy to offset nearly 11,000 tons of carbon dioxide emissions annually.\u003c/p\u003e\n\u003cp\u003e\u0026#8220;This project ranks among the top five biggest rooftop solar ventures globally, utilizing a rooftop area exceeding 70,000 square meters. This massive project is a testament to Gensol\u0026#8217;s commitment to cutting-edge solutions and our ability to execute complex projects at scale. We are proud to collaborate with Trident Limited on this achievement, which not only positions them as a leader in sustainable manufacturing but also sets a powerful example for other industries worldwide,\u0026#8221; said Ali Imran Naqvi, CEO of Gensol EPC Business.\u003c/p\u003e\n\u003cp\u003eRecently, Gensol Engineering \u003ca href=\"https://www.mercomindia.com/gensol-indigrid-guvnls-bess-auction-record-low-tariffs/\" target=\"_blank\" rel=\"noopener\"\u003ewon\u003c/a\u003e Gujarat Urja Vikas Nigam\u0026#8217;s auction to set up pilot projects of 250 MW/500 MWh standalone battery energy storage systems in Gujarat under tariff-based global competitive bidding (Phase-II). Gensol won 70 MW/140 MWh, quoting ₹448,996 (~$5,424)/MW/month, and IndiGrid won the remaining 180 MW/360 MWh, quoting ₹449,996 (~$5,436)/MW/month.\u003c/p\u003e\n\u003cp\u003eIn February, Gensol \u003ca href=\"https://www.mercomindia.com/solar-epc-firm-equity-to-strengthen-its-finances/\" target=\"_blank\" rel=\"noopener\"\u003eraised\u003c/a\u003e ₹9 billion (~$108 million) in equity capital through warrants convertible into equity shares on a preferential basis. The equity funding saw participation from international and domestic participants, including the Elara India Opportunity Fund, Aries Opportunities Fund, and Tano Investment Opportunities Fund.\u003c/p\u003e\n\u003cp\u003eLast October, the company \u003ca href=\"https://www.mercomindia.com/gensol-secures-epc-contract-in-maharashtra\" target=\"_blank\" rel=\"noopener\"\u003esecured\u003c/a\u003e a ₹3.02 billion ($36.3 million) solar EPC contract for a 62 MW solar project from Maharashtra State Power Generation Company.\u003c/p\u003e\n\u003cp\u003eEarlier this year, Gensol \u003ca href=\"https://www.mercomindia.com/gensol-%E2%82%B91-39-billion-solar-epc-contract-sarda\" target=\"_blank\" rel=\"noopener\"\u003esecured\u003c/a\u003e an EPC contract worth ₹1.39 billion (~$18.06 million) from Sarda Energy for a 33 MW captive solar power project.\u003c/p\u003e\n\u003cp\u003eIndia installed 1.7 GW of rooftop solar capacity in 2023, the second-highest annual installation numbers on record, according to Mercom India Research\u0026#8217;s newly unveiled \u003ca href=\"https://www.mercomindia.com/product/rooftop-solar-market-report-q4-2023\" target=\"_blank\" rel=\"noopener\"\u003e2023 Q4 \u0026amp; Annual Mercom India Rooftop Solar Market Report\u003c/a\u003e.\u003c/p\u003e\n","title":"Gensol Commissions 10.6 MW Rooftop Solar Project for Trident Group","modifiedGmt":"2024-03-21T13:44:13","categories":{"nodes":[{"name":"C\u0026I","slug":"commercial-industrial"},{"name":"Rooftop","slug":"rooftop-solar"},{"name":"Solar","slug":"solar"}]},"featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/Gensol-Commissions-10.6-MW-Rooftop-Solar-Project-for-Trident-Group.jpg"}},"author":{"node":{"name":"Arjun Joshi"}},"videoFields":{"videoLink":null}}],"allPosts":[{"id":"cG9zdDo3MzAwMQ==","slug":"masdar-partners-begin-construction-of-1-5-gw-al-ajban-solar-project-in-abu-dhabi","date":"2024-11-25T17:08:44","title":"Masdar, Partners Begin Construction of 1.5 GW Al Ajban Solar Project in Abu Dhabi","modifiedGmt":"2024-11-25T11:38:44","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Standard-Mercom-42.jpg"}}},{"id":"cG9zdDo3Mjk5OQ==","slug":"northeast-frontier-railway-mw-rooftop-solar-systems","date":"2024-11-25T15:48:50","title":"Northeast Frontier Railway Invites Bids for 1.38 MW Rooftop Solar Systems","modifiedGmt":"2024-11-25T10:18:50","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Mercom-FI-92.jpg"}}},{"id":"cG9zdDo3Mjk5Mw==","slug":"madhya-pradesh-epc-tender-rooftop-solar","date":"2024-11-25T10:46:47","title":"Madhya Pradesh Floats EPC Tender for 26 MW Rooftop Solar Systems","modifiedGmt":"2024-11-25T05:29:33","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Madhya-Pradesh-Floats-EPC-Tender-for-26-MW-Rooftop-Solar-Systems.jpg"}}},{"id":"cG9zdDo3Mjk5MA==","slug":"daily-news-wrap-up-telangana-discom-tenders-3-mw-solar-projects","date":"2024-11-25T10:06:07","title":"Daily News Wrap-Up: Telangana DISCOM Tenders 3 MW Solar Projects","modifiedGmt":"2024-11-25T04:36:07","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Mercom-FI-24.png"}}},{"id":"cG9zdDo3Mjk4MA==","slug":"leading-solar-module-suppliers-1h-2024","date":"2024-11-25T09:49:43","title":"Jinko, LONGi, and Waaree Lead Solar Module Supply in 1H 2024","modifiedGmt":"2024-11-25T04:19:43","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Jinko-LONGi-and-Waaree-Lead-Solar-Module-Supply-in-1H-2024.jpg"}}},{"id":"cG9zdDo3Mjk3OQ==","slug":"battery-manufacturer-northvolt-files-for-bankruptcy-protection-in-the-us","date":"2024-11-25T09:45:40","title":"Battery Manufacturer Northvolt Files for Bankruptcy Protection in the US","modifiedGmt":"2024-11-25T04:15:40","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Mercom-FI-99.jpg"}}},{"id":"cG9zdDo3Mjk3Ng==","slug":"ntpc-green-energy-ipo-oversubscribed","date":"2024-11-22T19:04:17","title":"NTPC Green Energy’s IPO Oversubscribed 2.5 Times","modifiedGmt":"2024-11-22T13:34:17","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/NTPC-Green-Energys-IPO-Oversubscribed-2.5-Times.jpg"}}},{"id":"cG9zdDo3Mjk3Mg==","slug":"telangana-discom-floats-tenders-for-3-mw-solar-power-projects","date":"2024-11-22T11:22:16","title":"Telangana DISCOM Floats Tenders for 3 MW Solar Power Projects","modifiedGmt":"2024-11-22T05:52:16","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Standard-Mercom-41.jpg"}}},{"id":"cG9zdDo3Mjk2OQ==","slug":"daily-news-wrap-up-india-adds-16-gw-solar-capacity-in-9m-2024","date":"2024-11-22T10:10:27","title":"Daily News Wrap-Up: India Adds 16 GW Solar Capacity in 9M 2024","modifiedGmt":"2024-11-22T04:40:27","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Mercom-FI-98.jpg"}}},{"id":"cG9zdDo3Mjk1OQ==","slug":"cmpdi-invites-bids-project-at-mahanadi-coalfields","date":"2024-11-21T17:43:30","title":"CMPDI Invites Bids for 10 MW Solar Project at Mahanadi Coalfields","modifiedGmt":"2024-11-21T12:13:30","featuredImage":{"node":{"mediaItemUrl":"https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Mercom-India-Solar-Awards-2021-Winners-Announced-1-1-1-1.jpg"}}}],"pagination":{"total":101},"category":"commercial-industrial"},"__N_SSG":true},"page":"/category/[categoryName]/[subCategory]","query":{"categoryName":"solar","subCategory":"commercial-industrial"},"buildId":"io_rflrk9TNs6rDOjjQll","isFallback":false,"gsp":true,"scriptLoader":[]}</script></body></html>