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Government Approves Equity Infusion of ₹10 Billion in Solar Energy Corporation of India

Government Approves Equity Infusion of ₹10 Billion in Solar Energy Corporation of India

The Ministry of New and Renewable Energy (MNRE) has announced that the government has approved an equity infusion of ₹10 billion (~$ 134.11 million) in Solar Energy Corporation of India ...
Funding and M&A Roundup: Factorial Energy Raises $200 Million for Solid-State Battery

Funding and M&A Roundup: Factorial Energy Raises $200 Million for Solid-State Battery

From: Mercom Capital Group Factorial Energy, a solid-state battery company, raised $200 million in a Series D funding round led by Mercedes-Benz (DAI) and Stellantis. Funding will be used to accelerate commercial production ...
/ / Finance and M&A, Solar
8minute Solar Energy Raises $400 Million from EIG

8minute Solar Energy Raises $400 Million from EIG

8minute Solar Energy, a US-based solar energy company, announced closing $400 million in financing from EIG, a U.S.-based institutional investor. The funding agreement includes a portion of growth equity and a ...
Project Finance Brief: Cordelio Power Acquires a 900 MW Solar Project Pipeline

Project Finance Brief: Cordelio Power Acquires a 900 MW Solar Project Pipeline

From: Mercom Capital Group Cordelio Power, a renewable power producer, acquired a 900 MW pipeline of utility-scale solar projects from SunEast Renewables, a solar project developer. The projects are located primarily in New ...
/ / Finance and M&A, Solar
Daily News Wrap-Up Verizon Signs Renewable Energy PPAs Totaling 910 MW

Daily News Wrap-Up: Verizon Signs Renewable Energy PPAs Totaling 910 MW

Here are some noteworthy cleantech announcements of the day from around the world: Verizon Communications has signed seven new renewable energy purchase agreements (REPAs) for 910 MW of renewable energy ...

EDITORS' PICKS

Amp Energy Closes $350 Million Credit Facility to Boost its Renewable Assets

Amp Energy Closes $350 Million Credit Facility to Boost its Renewable Assets

Amp Energy, a Toronto-based renewable energy assets owner and developer, announced the closure of an innovative $350 million cross-jurisdictional credit facility with a consortium of leading institutional investors. The consortium ...
/ / Finance and M&A, Other
EoI Invited for Installation of New Renewable Energy Technologies in Kerala

EoI Invited for Installation of New Renewable Energy Technologies in Kerala

The Agency for New and Renewable Energy Research and Technology (ANERT) has invited expressions of interest (EoIs) to select agencies to implement new and innovative renewable energy technologies on a ...
Hero MotoCorp invests ₹4.2 Billion in Ather Energy as it Prepares for its EV Launch

Hero MotoCorp invests ₹4.2 Billion in Ather Energy as it Prepares for its EV Launch

Hero MotoCorp, a manufacturer of motorcycles and scooters, is investing ₹4.2 billion (~$56.44 million) in Ather Energy, an electric two-wheeler manufacturer. The company’s board approved the investment in one or ...
/ / Electric Vehicles, Grid
Tender Floated to Deploy 5,585 Electric Buses Across Five Major Cities

Tender Floated to Deploy 5,585 Electric Buses Across Five Major Cities

Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has invited bids under the ‘Grand Challenge’ program to select bus operators for the procurement, operation, ...
China Installed 53 GW of Solar Capacity in 2021, Braces for a Post-Subsidy Era in 2022

China Installed 53 GW of Solar Capacity in 2021, Braces for a Post-Subsidy Era in 2022

Being the first year of China's 14th five-year plan (2021-25), 2021 witnessed several developments that could have deep ramifications for the solar industry in the country. One of the major ...
Warren Buffett’s MidAmerican Energy Plans a $3.9 Billion Renewable Energy Project

Warren Buffett’s MidAmerican Energy Plans a $3.9 Billion Renewable Energy Project

MidAmerican Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Energy, announced its plans for a $3.9 billion renewable energy project in Iowa, United States. The proposed project called ‘Wind PRIME’ ...
/ / Other, Renewable Energy
Daily News Wrap-Up: India, Denmark to Initiate Joint R&D on Green Hydrogen

Daily News Wrap-Up: India, Denmark to Initiate Joint R&D on Green Hydrogen

Here are some noteworthy cleantech announcements of the day from around the world: India and Denmark agreed to initiate joint research and development on green fuels, including green hydrogen, during ...
Rajasthan Electronics Invites Bids for Supply of 100,000 Mono PERC Solar Cells

Rajasthan Electronics Invites Bids for Supply of 100,000 Mono PERC Solar Cells

Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the state and central government, has invited bids for the supply of 100,000 monocrystalline passivated emitter and rear cell (PERC) ...
ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

ReNew Power and Fluence Form JV to Offer Energy Storage Solutions

Indian renewable energy developer ReNew Power has announced that it has entered into an agreement with Fluence, a provider of energy storage products and services, to form a joint venture ...
Bhopal Municipal Corporation Floats EPC Tender for 20 MW of Solar Projects

Bhopal Municipal Corporation Floats EPC Tender for 20 MW of Solar Projects

Bhopal Municipal Corporation (BMC) has invited bids from engineering, procurement, and construction (EPC) contractors to set up two solar projects with a capacity of 10 MW each in Neemuch, Madhya Pradesh ...
Center Infuses ₹15 Billion in IREDA to Boost Lending to the Renewable Energy Sector

Center Infuses ₹15 Billion in IREDA to Boost Lending to the Renewable Energy Sector

The Cabinet Committee on Economic Affairs has approved the equity infusion of ₹15 billion (~$201.27 million) in the Indian Renewable Energy Development Agency (IREDA). This fresh equity injection is expected ...
BESCOM Issues Empanelment Tender for 50 MW of Residential Rooftop Solar Projects

BESCOM Issues Empanelment Tender for 50 MW of Residential Rooftop Solar Projects

The Bangalore Electricity Supply Company Limited (BESCOM) has invited bids to empanel installers to set up 50 MW of grid-connected residential rooftop solar projects in its jurisdiction under Phase-II of ...
Daily News Wrap-Up: Hero Electric Partners with Mahindra to Boost its EV Manufacturing

Daily News Wrap-Up: Hero Electric Partners with Mahindra to Boost its EV Manufacturing

Here are some noteworthy cleantech announcements of the day from around the world: Hero Electric and the Mahindra Group announced their collaboration intent as part of Hero's growth and expansion ...
/ / Other, Renewable Energy
Carbon Credits Supplier EKI Energy Posts Revenue of ₹13.25 Billion in 9M FY 2022

Carbon Credits Supplier EKI Energy Posts Revenue of ₹13.25 Billion in 9M FY 2022

EKI Energy Sevices, a supplier of carbon credits, announced its results for the nine months (9M) and the third quarter (Q3) ending December 31 for the financial year (FY) 2021-22 ...
/ / Other, Other Energy
Tender Floated for 200,000 Mono and Multicrystalline Solar Cells

Tender Floated for 200,000 Mono and Multicrystalline Solar Cells

Rajasthan Electronics and Instruments Limited (REIL) has invited bids for the supply of 200,000 mono and multicrystalline solar cells with wattage capacity greater than or equal to 4.62 W. The ...
PFC and REC Reduce Lending Rates to Boost Expansion of Renewable Energy Projects

PFC and REC Reduce Lending Rates to Boost Expansion of Renewable Energy Projects

Power Finance Corporation (PFC) and REC Limited, public finance infrastructure companies, have reduced their lending rates by 40 basis points for all types of loans. The companies revised lending rates ...
CERC Orders Renewable Energy Certificates to be Issued to a Captive Solar Project

CERC Orders Renewable Energy Certificates to be Issued to a Captive Solar Project

The Central Electricity Regulatory Commission (CERC) issued an order favoring a captive solar power producer. It directed the National Load Dispatch Center (NLDC) to grant renewable energy certificates (RECs) to ...
NTPC Invites Bids to Develop 3.5 MW of Solar Projects at Four Airports

NTPC Invites Bids to Develop 3.5 MW of Solar Projects at Four Airports

NTPC Vidhyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC Limited, has invited bids to develop 3.5 MW (AC) of grid-connected solar projects at four airports in Delhi, Madhya ...
NTPC to Manage 900 MW of Solar Projects Development in Cuba, Tender Expected in March

NTPC to Manage 900 MW of Solar Projects Development in Cuba, Tender Expected in March

NTPC Limited has been appointed as the project management consultant for the 900 MW of solar projects to be developed at 175 locations across 15 provinces in the Republic of ...
Global Corporate Funding for Solar at a Record 10 Year High in 2021 with $27.8 Billion

Global Corporate Funding for Solar at a Record 10 Year High in 2021 with $27.8 Billion

Global corporate funding in the solar sector, including venture capital (VC) funding, private equity, public market, and debt financing, stood at a record ten-year high of $27.8 billion in 2021, ...