Other

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NextEra Energy’s Q1 Profit Rises 12%, Expects Higher Demand from Data Centers

U.S.-based renewables firm NextEra Energy said its first-quarter net income rose 12% year-over-year to $2.27 billion and that it expects data centers to drive...

April 24, 2024

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Staff

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Finance and M&A
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Tesla’s EV Sales Drop, Energy Storage Revenues Surge in Q1 2024

U.S.-based electric vehicle (EV) maker Tesla reported a total revenue of $ 21.3 billion in the first quarter (Q1) of the financial year (FY) 2024, a 9% year-over-year...

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Funding and M&A Roundup: EV Charging Firm SWTCH Raises $27 Million

From: Mercom Capital Group SWTCH Energy, an electric vehicle (EV) charging and energy management solution provider, has closed $27.2 Million in Series B Funding led by...

April 24, 2024

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Staff

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Finance and M&A

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Other
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Daily News Wrap-Up: Seven Companies in Race for 10 GWh ACC Capacity Under PLI

The Ministry of Heavy Industries’ tender to select manufacturers for Advanced Chemistry Cells under the Production Linked Incentive program has garnered bids seven times...

April 24, 2024

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Solar Sector Records 81% Drop in VC Funding in Q1

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

April 23, 2024

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Mercom Staff

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Daily Wrap-up
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Sterling and Wilson Posts Profit After 3 Years, Benefits from Falling Module Prices

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy, reported a net profit of ₹10 million (~$120,...

April 22, 2024

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Staff

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Finance and M&A
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High Interest Rates Affect Subsidies, Capital Costs of Renewables: Report

The pace of global transition to low-carbon technologies could be adversely impacted with the ‘zero era’ for interest rates ending, a Wood Mackenzie report...

April 22, 2024

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Staff

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Renewable Energy
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Daily News Wrap-Up: RECPDCL’s Tender for 223 MW Solar Projects

REC Power Development and Consultancy has floated a tender to set up 223 MW Inter-State Transmission System-connected solar power projects anywhere in India. The...

April 22, 2024

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Mercom Staff

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Daily Wrap-up
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Clean Energy Tech Firm Ecozen Raises $30 Million for Global Expansion

Ecozen, a Pune-based startup focused on clean technology solutions for agriculture, has raised $30 million in a new funding round to accelerate its growth and global...

April 19, 2024

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Staff

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Finance and M&A

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Solar
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Daily News Wrap-Up: Application Process for ALMM Inclusion and Renewal

The recent reimposition of the Approved List of Models and Manufacturers (ALMM) regulation by the Ministry of New and Renewable Energy (MNRE) has once again raised...

April 19, 2024

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Mercom Staff

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Daily Wrap-up
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Australia Adds 5.9 GW of Renewable Capacity to the Grid in 2023

According to the Clean Energy Council (CEC), Australia added 5.9 GW of renewable capacity to the grid in 2023, up from 5 GW in 2022. Rooftop solar contributed 3.1 GW,...

April 19, 2024

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Arjun Joshi

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Other

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Renewable Energy
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POWERGRID Wins Contracts to Evacuate 18 GW of Renewable Energy

Government-owned power transmission utility Power Grid Corporation of India (POWERGRID) has won the contracts to establish three inter-state transmission systems (ISTS)...

April 18, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: NTPC’s 1 GW Wind-Solar Hybrid Auction

Sprng Energy, AMPIN Energy Transition, Juniper Green Energy, ReNew Solar Power, and Avaada Energy have won NTPC’s auction for the supply of 1,000 MW power from...

April 18, 2024

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Mercom Staff

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Daily Wrap-up
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Biofuels Firm GPS Renewables Raises $50 Million in Debt Financing

Bengaluru-based biofuels firm GPS Renewables has secured $50 million in debt financing from a consortium of banks and non-banking financial companies to accelerate the...

April 17, 2024

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Staff

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Biofuel
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Funding and M&A Roundup: Nexamp Secures $520 Million

From: Mercom Capital Group Nexamp, a developer of solar and storage projects, secured $520 million in a funding round led by Manulife Investment Management, alongside...

April 17, 2024

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Staff

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Finance and M&A

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Other

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