BluSmart Raises $25 Million in Latest Funding to Expand its Electric Vehicles Fleet

BluSmart Raises $25 Million in Latest Funding to Expand its Electric Vehicles Fleet

BluSmart, an electric ride-hailing platform, announced a Series A1 round closing to raise $25 million. This was a follow-up to the Series A round in September last year, bringing the ...
Higher Module Shipments Boost Canadian Solar’s Revenue to $1.25 Billion in Q1 2022

Higher Module Shipments Boost Canadian Solar’s Revenue to $1.25 Billion in Q1 2022

Canada-based solar photovoltaic module manufacturer Canadian Solar recorded revenue of $1.25 billion in the first quarter (Q1) of 2022, a year-over-year (YoY) growth of 15% from $1.1 billion last year ...
Ministry of Power Proposes New Program to Liquidate the Past Dues of DISCOMs

Ministry of Power Proposes New Program to Liquidate the Past Dues of DISCOMs

The Ministry of Power (MoP) announced that it is working on a program to mitigate the financial woes of the Distribution Companies (DISCOMs) by liquidating their dues. The delay in ...
Bhopal Municipal Corporation Invites Proposals for a 15 MW Wind Power Project

Bhopal Municipal Corporation Invites Proposals for a 15 MW Wind Power Project

The Bhopal Municipal Corporation (BMC) has issued a request for proposal (RfP) for the design, engineering, supply, construction, erection, testing, and commissioning of a 15 MW wind power project in ...
Indian Oil Floats O&M Tender for 1 MW of Distributed Solar Systems in Odisha

Indian Oil Floats O&M Tender for 1 MW of Distributed Solar Systems in Odisha

Indian Oil Corporation Limited (IOCL) has invited bids for the annual operation and maintenance (O&M) of distributed solar systems of 1.001 MW capacity installed at the Paradip refinery and township ...
Sungrow to Supply to Tata Power's 60.56 MWh Battery Energy Storage Project in Ladakh

Sungrow to Supply to Tata Power’s 60.56 MWh Battery Energy Storage Project in Ladakh

Inverter manufacturer Sungrow has announced that it will be supplying its storage solutions to Tata Power Solar Systems' (TPSSL) 60.56 MWh battery energy storage system (BESS) project at Phyang, in ...
India's Solar Installations Rise in Q1 2022 to 3 GW

India’s Solar Installations Rise in Q1 2022 to 3 GW

India installed over 3 GW of solar capacity in the first quarter (Q1) of the calendar year (CY) 2022, a quarter-over-quarter (QoQ) increase of 21% compared to 2.6 GW installed ...
Funding and M&A Roundup Li-Ion Battery Manufacturer Dragonfly Goes Public Via SPAC Deal

Funding and M&A Roundup: Li-Ion Battery Manufacturer Dragonfly Goes Public Via SPAC Deal

From: Mercom Capital Group Dragonfly Energy, a Lithium-Ion battery manufacturer, has entered into a definitive agreement for a business combination with Chardan NexTech Acquisition 2 Corp (CNTQ), a special purpose ...
/ / Finance and M&A, Other
Daily News Wrap-Up: Adani & ReNew to Invest in Renewable Projects in Andhra and Karnataka

Daily News Wrap-Up: Adani & ReNew to Invest in Renewable Projects in Andhra and Karnataka

Here are some noteworthy cleantech announcements of the day from around the world: Adani Green Energy (AGEL) signed a memorandum of understanding with the Andhra Pradesh government to develop green ...
Project Finance Brief Bluefield Solar Acquires 80 MW Battery Storage Projects in the UK

Project Finance Brief: Bluefield Solar Acquires 80 MW Battery Storage Projects in the UK

From: Mercom Capital Group Bluefield Solar, an income fund focused on acquiring and managing renewable energy and storage assets predominantly in the UK, acquired two standalone 40 MW battery storage ...
/ / Other, Renewable Energy
Duty on Export of Steel Expected to Bring Down Cost of Solar Module Mounting Structures

Duty on Export of Steel Expected to Bring Down Cost of Solar Module Mounting Structures

The Ministry of Finance (Department of Revenue) has imposed a duty of 15% on the export of steel. The move is likely to bring down the prices of solar mounting ...
/ / Manufacturing, Solar
NTPC, EDF, JSW, and Torrent Power Winners in SECI’s 1.2 GW Wind Auction

NTPC, EDF, JSW, and Torrent Power Winners in SECI’s 1.2 GW Wind Auction

NTPC Renewable, Halvad Renewables (EDF Renewables), JSW Neo Energy, and Torrent Power are winners in Solar Energy Corporation of India’s (SECI) auction for the 1.2 GW interstate transmission system (ISTS)-connected ...
/ / Other, Wind
Mahindra Susten’s 175 MW Solar Project Uses Bifacial Modules by LONGi and Jinko

Mahindra Susten’s 175 MW Solar Project Uses Bifacial Modules by LONGi and Jinko

Mahindra Susten, the solar engineering, procurement, and construction (EPC) arm of Mahindra Group, has commissioned a 175 MW solar project in Kolayat in the Bikaner district of Rajasthan. Mahindra Susten ...
/ / Solar, Utility Scale
Bids Invited for a 6 MW Solar Project Under KUSUM Program in Kerala

Bids Invited for a 6 MW Solar Project Under KUSUM Program in Kerala

Kerala State Electricity Board (KSEB) has invited bids for the design, survey, supply, installation, testing, and commissioning of a 6 MW grid-connected solar power project and its remote monitoring system ...
Solar Imports in Q1 2022 Up 374% Year-Over-Year

Solar Imports in Q1 2022 Up 374% Year-Over-Year

India imported solar cells and modules worth $1.23 billion (~₹92.62 billion) in the first quarter (Q1) of the calendar year (CY) 2022, an increase of 374% compared to the same ...
Solar Cell With 39.5% Efficiency in 1-Sun Illumination Developed Using Quantum Wells

Solar Cell With 39.5% Efficiency in 1-Sun Illumination Developed Using Quantum Wells

Scientists at the National Renewable Energy Laboratory (NREL) in the U.S used gallium arsenide (GaAs) with quantum wells and invented a multijunction solar cell that exhibited a record efficiency of ...
/ / Solar, Technology
Daily News Wrap-Up: CEA Okays Transmission Lines for a Hybrid Power Project in Tamil Nadu

Daily News Wrap-Up: CEA Okays Transmission Lines for a Hybrid Power Project in Tamil Nadu

Here are some noteworthy cleantech announcements of the day from around the world: The Central Electricity Authority (CEA) approved transmission lines for evacuating power from the 500 MW Blended Power ...
US Seeks Public Feedback on $2.5 Billion Transmission Lines Program

US Seeks Public Feedback on $2.5 Billion Transmission Lines Program

In a bid to expand and strengthen power transmission lines across the country, the United States Department of Energy (DOE) recently issued a Request for Information (RFI) to collect public ...
Kerala DISCOM Tenders to Procure 150 MW of Solar Power for Short-Term

Kerala DISCOM Tenders to Procure 150 MW of Solar Power for Short-Term

Kerala State Electricity Board (KSEBL) has invited bids to procure 150 MW of solar power on a short-term basis to meet its Renewable Purchase Obligations (RPO) target for June 15, ...
Tenders Issued to Develop ISTS Network for Evacuating 18 GW of Renewable Power in Gujarat

Tenders Issued to Develop ISTS Network for Evacuating 18 GW of Renewable Power in Gujarat

REC Power Development and Consultancy Limited (RECPDCL) has issued four global tenders to build interstate transmission systems (ISTS) on a build, own, operate, and transfer basis at Khavda pooling station ...
/ / Grid, T&D, Uncategorized
Battery Company Solid Power Reports 358% YoY Increase in Revenue in Q1 2022

Battery Company Solid Power Reports 358% YoY Increase in Revenue in Q1 2022

Solid Power, an all-solid-state rechargeable battery cells manufacturer, reported a revenue of $2.2 million in the first quarter (Q1) 2022, a 358% year-over-year (YoY) increase compared to $480,000 in Q1 ...
Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Energy Storage Firm Stem Posts 166% Growth in Revenue, Secures Supply Chain for 2022

Stem, a smart energy storage company, posted revenue of $44.1 million in the first quarter (Q1) of 2022, a year-over-year (YoY) spike of 166% from $15.4 million in the same ...
Mercom India to Host First-of-its-Kind Clean Energy Event in Bengaluru

Mercom India to Host First-of-its-Kind Clean Energy Event in Bengaluru

Mercom India is hosting its first event in the series, “C&I Clean Energy Meet 2022,” on June 3, 2022, in Bengaluru. The first-of-its-kind event will bring together commercial and industrial ...
Energy Storage Solutions Provider Eos Energy's Revenue Up by 6.5% QoQ in Q1 CY 2022

Energy Storage Solutions Provider Eos Energy’s Revenue Up by 6.5% QoQ in Q1 CY 2022

U.S.-based Eos Energy Enterprises, a sustainable zinc-based energy storage solutions provider, has announced the results for the first quarter (Q1) of the calendar year (CY) 2022. The company reported a ...
Daily News Wrap-Up CEA Approves Setting Up Transmission for a Solar Project in Bikaner

Daily News Wrap-Up: CEA Approves Setting Up Transmission for a Solar Project in Bikaner

Here are some noteworthy cleantech announcements of the day from around the world: The Central Electricity Authority (CEA) granted approval to lay transmission lines for a proposed 300 MW solar ...

8

9

10

11