NTPC Floats Balance of System Tender for 1 GW Solar Projects
NTPC Renewable Energy has invited bids for the balance of system (BoS) package with land for interstate transmission system (ISTS)-connected solar projects up to 1,000 MW anywhere in India except ...
MNRE Grants Timeline Extension for Solar Projects Bid Before BCD Announcement
The Ministry of New and Renewable Energy (MNRE) has extended the timeline for the completion of solar and wind-solar hybrid projects for which bids were finalized before March 9, 2021 ...
Solar Sector Pins Hopes on Budget 2023, Here’s the Long Wish List
The solar sector has a long wish list for the Union Budget 2023, which will be presented in a few days. Stakeholders look forward to Finance Minister Nirmala Sitharaman announcing ...
SECI’s Green Energy Open Access Foray Worries Private Developers
The government-owned renewable energy intermediary procurer Solar Energy Corporation of India (SECI) will soon enter the market for delivering renewable energy solutions through open access to the commercial and industrial ...
Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025
India's solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 GW by the end of the calendar year ...
Low-Carbon Energy Tech Investment Exceeds $1 Trillion for First Time Globally
Investments in the low-carbon energy transition have accounted for a record-breaking $1.1 trillion in 2022 and have reached parity with capital deployed for fossil fuel supply, a BloombergNEF report has ...
NextEra’s Clean Energy Business’ Net Income Up 17% YoY in Q4 2022
The U.S.-based energy company NextEra Energy reported a net income of $1.52 billion for the fourth quarter (Q4) of 2022, up by 26.41% year-over-year (YoY), driven primarily due to successful ...
Tesla’s Q4 Profit Up 19% YoY, Solar & Storage Revenues Rise to $1.31 Billion
Tesla recorded a revenue of $24.32 billion from all its businesses in the fourth quarter (Q4) of 2022, a year-over-year (YoY) of 37% compared to $17.72 billion in the previous ...
US Lawmakers Seek Repeal of Duty Waiver on Solar Panels from Southeast Asia
Seven months after President Joe Biden announced a two-year duty exemption on solar modules and cells imported from four Southeast Asian countries, a bipartisan group of Congressmen is seeking to ...
Daily News Wrap-Up: SECI’s Green Energy Open Access Foray
The government-owned renewable energy intermediary procurer Solar Energy Corporation of India (SECI) will soon enter the market for delivering renewable energy solutions through open access to the commercial and industrial ...
ACME Partners with Norfund to Develop Renewable Energy Projects in India
ACME Group and Norwegian investment fund Norfund will co-invest in the development of greenfield renewable power projects in India. Norfund invests in developing countries and manages the Norwegian Climate Investment ...
MNRE Updates ALMM with 14 New Solar Module Manufacturers
The Ministry of New and Renewable Energy (MNRE) has issued an updated list of models and module manufacturers under the Approved List of Models and Manufacturers (ALMM) order to include ...
Consumers with Smart Energy Meters Must be Billed on Actual Load: Minister
Union Minister of Power and New & Renewable Energy R.K. Singh has advised states to ensure that no penalty is levied on any consumer for higher load discovered after the ...
Maharashtra Invites Bids to Procure 350 MW of Solar Power
The Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 350 MW of solar power from projects to be developed in the state. MSEDCL has set a ceiling ...
Hecate Energy Secures $550 Million to Support Renewables Expansion
U.S.-based Hecate Energy, a developer of renewable projects and provider of energy storage solutions, closed a five-year $550 million credit facility package, including a $250 million term loan and $300 ...
Solar Cold Storage Tech Company Ecozen Raises $25 Million for Energy Transition
Pune-based solar cold storage solutions provider Ecozen has raised $25 million in equity and debt capital in its series C round as it looks beyond agriculture to expand into new ...
Rajasthan Signs MoUs Worth ₹1.23 Trillion for Renewable Projects
To project Rajasthan as an attractive investment destination, the Rajasthan government has signed memorandums of understanding (MoUs) for nearly ₹1.23 trillion (~$15.77 billion) of renewable energy projects under the Invest ...
Gujarat Urban Development Company Invites bids for 2 MW Solar Projects
The Gujarat Urban Development Company (GUDC) has invited bids to commission 2,027.78 kW solar projects across six urban local bodies in Gujarat. The projects' estimated cost is ₹154.64 million (~$1.9 ...
Rajesh Exports Signs Agreement for 5 GWh Lithium-Ion Cell Factory in Karnataka
Bengaluru-headquartered Rajesh Exports, through its subsidiary ACC Energy Storage, has signed an agreement with the Union Ministry of Heavy Industries (MHI) and the Karnataka government’s Department of Industries and Commerce ...
Funding and M&A Roundup: SunRoof Raises $30.8 Million to Fund Expansion Plans
From: Mercom Capital Group SunRoof, a Sweden-based rooftop solar systems provider, announced a €13.5 million (~$14.6 million) extension with a new investment taking its total growth funding round to €28.5 ...
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas
From: Mercom Capital Group Sol Systems, a solar finance and development company, acquired a 190 MW solar development project in Uvalde County, Texas, from ABEI Energy, an independent power producer. The acquisition was ...
Daily News Wrap-Up: State of Solar PV Manufacturing in India
India’s solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 GW by the end of the calendar year ...
Emirates Utility Company Issues Tender for 1.5 GW Solar Project
The Emirates Water and Electricity Company (EWEC) has issued a request for proposal (RfP) to develop a 1.5 GW solar photovoltaic (PV) power project in the Ajban area of the ...
Regulator Directs Captive Solar Power Generator to Pay Transmission Charges
The Odisha Electricity Regulatory Commission (OERC) recently directed the Odisha Power Transmission Corporation (OPTCL) and Bharat Electronics (BEL) to finalize the contracted capacity for the transmission of power utilizing the ...
IIT-backed Startup Wins National Award for Innovation in Energy Storage
IIT Roorkee startup Indi Energy, which specializes in manufacturing indigenous sodium-ion batteries, has been accorded the National Startup Award 2022 in the Energy Storage category by the Ministry of Commerce ...
Adani Green’s Renewable Capacity Up 35% YoY to 7,324 MW in 9M FY23
Adani Green Energy's (AGEL) total operational capacity has increased 35% year-over-year (YoY) to 7,324 MW in the first nine months (9M) of the current financial year. The company's operational portfolio ...
