LATEST NEWS
REC Limited’s Subsidiary Invites Bids for 500 MW of ISTS-Connected Solar Projects
REC Power Development and Consultancy (RECPDCL), a wholly-owned subsidiary of REC Limited, has invited bids to set up 500 MW of interstate transmission system (ISTS)-connected solar power projects across the ...
Daily News Wrap-Up: Vibrant Energy to Develop Wind-Solar Hybrid Projects for Amazon
Here are some noteworthy cleantech announcements of the day from around the world: Amazon announced a partnership with Vibrant Energy to develop two wind-solar hybrid projects in India. The two ...
Maharashtra Regulator Allows Procurement of 500 MW of Round-the-Clock Power
The Maharashtra Electricity Regulatory Commission (MERC) has allowed Adani Electricity Mumbai-Distribution to buy 250 MW of renewable energy on a round-the-clock basis from grid-connected projects through competitive bidding. The approval ...
Larsen & Toubro Secures $107 Million Sustainability-Linked Loan from Sumitomo
Mumbai-based multinational conglomerate Larsen & Toubro (L&T) said it has closed a three-year $107 million sustainability-linked loan (SLL) from Sumitomo Mitsui Banking Corporation (SMBC). The company said the loan underscores ...
AMEA Power to Invest $1.1 Billion in Egypt for 1 GW Wind and Solar Projects
Dubai-based renewable energy company AMEA Power will invest $1.1 billion in Egypt to develop wind and solar energy capacities of 500 MW each. The investment will take the company’s cumulative ...
EDITORS' PICKS
US Corporates Installed 19 GW of Solar Capacity Through June 2022
Corporates in the United States installed nearly 19 GW of onsite and offsite solar capacity cumulatively till June 2022. This includes 25 leading U.S.-based companies like Meta, Amazon, and Walmart ...
Madhya Pradesh Regulator Approves Tariff for 278 MW Floating Solar Project
The Madhya Pradesh Electricity Regulatory Commission (MPERC) has allowed the M.P. Power Management Company (MPPMCL) to procure 278 MW of power from phase-I of the floating solar project at Omkareshwar ...
Daily News Wrap-up: Switch Mobility to Deliver 71 Electric Buses for JSW Steel
Here are some noteworthy cleantech announcements of the day from around the world: Switch Mobility, an electric bus and light commercial vehicle company, has partnered with JSW to introduce electric ...
Pune Municipal Corporation Invites Bids to Set Up Electric Vehicle Charging Stations
Pune Municipal Corporation (PMC) invites proposals for the commissioning, operation, and maintenance of electric vehicle (EV) charging stations for the public at designated locations in Pune. PMC has issued a ...
Carbon Capture Key to Sustainable Development and Growth in India: NITI Aayog
Government think-tank NITI Aayog’s latest study finds that carbon capture utilization and storage (CCUS) is key to ensuring sustainable development and growth in India, particularly for producing clean energy. CCUS ...
Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts
Inox Wind and its subsidiary Inox Green Energy Services repaid debts of ₹1.61 billion (~$19.73 million) and ₹2.5 billion (~$30.63 million), respectively, as part of the strategic initiative to deleverage ...
Goa Invites Bids to Set Up 40 Electric Vehicle Charging Stations
Goa Energy Development Agency (GEDA) invites expressions of interest cum bids for the commissioning, operation, and maintenance of 40 electric vehicle (EV) charging stations at various locations in Goa. The ...
UK’s Energy Storage Sector Gets £32 Million to Develop Innovative Technologies
The UK government has announced £32.9 million (~$39.4 million) funding for projects in the country that are developing innovative energy-storage system (ESS) technologies to strengthen the national power grid. Five ...
Funding and M&A Roundup: Swell Energy Raises $120 Million for Virtual Power Plants
From: Mercom Capital Group Swell Energy, a provider of virtual power plant (VPP) programs for homeowners and businesses, raised $120 million to accelerate the deployment of its offerings across the United States. SoftBank ...
Project Finance Brief: Sunwin Energy Sells Solar Project Portfolio in Italy
From: Mercom Capital Group Sunwin Energy, a Switzerland-headquartered solar project developer, entered into a framework agreement with an undisclosed European public-listed energy company to develop a 375 MW solar project portfolio in Italy ...
Daily News Wrap-Up: Black & Veatch to Help Develop 2 GW of Solar and Battery Storage
Here are some noteworthy cleantech announcements of the day from around the world: U.S.-based engineering, procurement, and construction firm Black & Veatch has been awarded a lead role in developing ...
APTEL Orders TANGEDCO to Pay Solar Developers for Excess Power Consumed
The Appellate Tribunal for Electricity (APTEL) has ordered Tamil Nadu Generation and Distribution Corporation (TANGEDCO) to pay solar developers compensation for the excess power consumed. The state-owned generation and distribution ...
Storage Startup Gravitricity Secures £194,000 for Tech Demonstration in India
Edinburgh-based storage startup Gravitricity has secured £194,000 ($233,174) from the United Kingdom government to find demonstration sites in India suitable for their gravity energy storage technology. The project aims to ...
APTEL Rules in Favor of Solar Developers, Strikes Down Reduction of Tariff
The Appellate Tribunal for Electricity (APTEL) ruled in favor of solar developers who were successful bidders in the tender issued by the Uttar Pradesh New and Renewable Energy Development Agency ...
Shell Buys Renewable Natural Gas Producer Nature Energy for $2 Billion
Shell Petroleum, a wholly owned subsidiary of Shell plc, said it would acquire Denmark-based biogas producer Nature Energy for nearly $2 billion as it seeks to boost its low-carbon business ...
US to Help Underserved Communities with $550 Million Clean Energy Fund
The U.S. Department of Energy (DOE) has launched the Energy Efficiency and Conservation Block Grant (EECBG) program, which provides $550 million in renewable energy funding for 2,700 diverse communities in ...
CERC Allows Compensation to Solar Developers Under Change in Law due to GST
The Central Electricity Regulatory Commission (CERC) has ruled that solar developers are entitled to compensation in lieu of higher expenses incurred after the Goods and Services Tax (GST) came into ...
Insights on Clean Energy Adoption for Noida’s C&I Consumers
Following the resounding success of the C&I Clean Energy Meet series hosted across different cities by Mercom India, it is headed to Noida in Uttar Pradesh to cap a successful ...
Daily News Wrap-UP: Waaree Bags EPC Contract for a 52.5 MW Solar Project
Here are some noteworthy cleantech announcements of the day from around the world: Waaree Renewable Technologies, the engineering, procurement, and construction (EPC) arm of Waaree Group, announced that the company ...
Rajasthan Launches Online Land Registration Portal for KUSUM Program
Rajasthan has formulated Saur Krishi Ajivika Yojna (SKAY) under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) to promote decentralized solar projects development at load ...
