NTPC Floats Balance of System Tender for 1 GW Solar Projects

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 ...
/ / Solar, Tenders and Auctions
MNRE Grants Timeline Extension for Solar Projects Bid Before BCD Announcement

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 ...
/ / Markets & Policy, Solar
Solar Sector Pins Hopes on Budget 2023, Here’s the Long Wish List

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 

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 ...
/ / C&I, Mercom Research Focus, Solar
Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

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

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

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’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

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 ...
/ / Other, Renewable Energy
Daily News Wrap-Up: SECI’s Green Energy Open Access Foray

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 ...
/ / Daily Wrap-up, Other
ACME Partners with Norfund to Develop Renewable Energy Projects in India

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 ...
/ / Other, Renewable Energy
MNRE Updates ALMM with 14 New Solar Module Manufacturers

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 ...
/ / Markets & Policy, Solar
Consumers with Smart Energy Meters Must be Billed on Actual Load: Minister

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

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 ...
/ / Solar, Tenders & Auctions
Hecate Energy Secures $550 Million to Support Renewables Expansion

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

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

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 ...
/ / Other, Renewable Energy
Gujarat Urban Development Company Invites bids for 2 MW Solar Projects

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 ...
/ / Solar, Tenders & Auctions
Rajesh Exports Signs Agreement for 5 GWh Lithium-Ion Cell Factory in Karnataka

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

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 ...
/ / Finance and M&A, Other
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas

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 ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: State of Solar PV Manufacturing in India

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 ...
/ / Daily Wrap-up, Other
Emirates Utility Company Issues Tender for 1.5 GW Solar Project

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

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 ...
/ / Markets & Policy, Solar
IIT-backed Startup Wins National Award for Innovation in Energy Storage

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’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 ...
/ / Other, Renewable Energy