Archive

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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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Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Auctioned solar capacity in India surged to over 25 GW in the first quarter (Q1) of 2024 from 820 MW in Q1 2023, primarily due to the new bidding guidelines mandating...

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Global Wind Installations Reached 1 TW Milestone in 2023

Global cumulative wind power capacity surpassed the 1 TW mark in 2023, achieving a year-over-year (YoY) growth of 13%, according to the Global Wind Energy Council’...

April 17, 2024

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Arjun Joshi

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Markets & Policy

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Wind
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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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Project Finance Brief: Arevon Secures $352 Million for Posey Solar Project

From: Mercom Capital Group Arevon Energy, a solar and storage project developer, has secured $352 million in financing for the construction and development of 228 MW of...

April 17, 2024

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Staff

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Finance and M&A

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Solar
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Indian Oil Issues Empanelment Tender for Solar Power Projects

Indian Oil Corporation (IOCL) has invited expressions of interest to empanel vendors/contractors for solar power projects at its locations and retail outlets. The last...

April 16, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai

The Southern Railway has invited bids for the installation of 1.2 MW rooftop solar projects at various locations in Perambur, Chennai, under the renewable energy service...

April 16, 2024

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Staff

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Rooftop

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Tenders & Auctions
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Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India

Husk Power Systems, a decentralized solar-hybrid mini-grids provider, has secured a $4 million investment in debt financing from Electrifi. This impact investment...

April 16, 2024

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Mercom Staff

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Finance and M&A

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Off-grid

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Solar
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Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report

Advances in grid technologies offer promising solutions to augment the existing transmission infrastructure swiftly and cost-effectively. One such solution highlighted...

April 16, 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: BJP, Congress Bet Big on Renewables in Election Manifestos

Ahead of the seven-phase elections to the Lok Sabha, India’s lower house of Parliament, starting April 17, 2024, the two major political parties in the fray have...

April 16, 2024

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Mercom Staff

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Daily Wrap-up

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