REC Approves ₹220 Billion for DISCOMs to Clear Dues to Power Generators

REC Approves ₹220 Billion for DISCOMs to Clear Dues to Power Generators

REC Limited, a public infrastructure finance company, has approved ₹220 billion (~$2.78 billion) for the power utilities of Jharkhand, Rajasthan, Chhattisgarh, and Jammu & Kashmir to clear their outstanding dues ...
Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 298 MW of solar power from decentralized solar projects

Bids Invited for 298 MW of Solar Projects Under KUSUM Program in Maharashtra

Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 298 MW of solar power from decentralized solar projects of 500 kW to 2 MW capacity under Component A ...
Bids Invited for a 20 MW Solar Project at GETCO Substation in Gujarat

Bids Invited for a 20 MW Solar Project at GETCO Substation in Gujarat

Gujarat State Electricity Corporation (GSECL) has invited bids for installing and commissioning a 20 MW grid-connected solar power project around the Gujarat Energy Transmission Corporation (GETCO) substation at Itiya in ...
EPC Tenders Issued for 4 MW Solar Projects Along Two Bus Routes in Gujarat (1)

EPC Tenders Issued for 4 MW of Solar Projects Along Two Bus Routes in Gujarat

Surat Municipal Corporation (SMC) has issued two engineering, procurement, and construction (EPC) tenders for the survey, installation, testing, and commissioning of 4 MW of grid-connected solar projects in Surat, Gujarat ...
Daily News Wrap-Up Intel to Raise $1.25 Billion Through Green Bonds

Daily News Wrap-Up: Intel to Raise $1.25 Billion Through Green Bonds

Here are some noteworthy cleantech announcements of the day from around the world: Intel announced the pricing of its inaugural green bond issuance totaling $1.25 billion. The net proceeds of ...
Inflation Reduction Act Could be a Gamechanger for US Solar Industry

Inflation Reduction Act Could be a Gamechanger for US Solar Industry

A legislation proposed in the US called the ‘Inflation Reduction Act of 2022’ to address climate change, taxes, healthcare, and inflation could see a revival of the domestic solar energy ...
Bill to Enable a Market to Trade Carbon Credits Introduced in the Lok Sabha

Bill to Enable a Market to Trade Carbon Credits Introduced in the Lok Sabha

Power Minister R.K. Singh introduced a Bill to amend the Energy Conservation Act in the Lok Sabha to enable a carbon credit trading market in India. The Bill also makes ...
Solar Park Development Sluggish Says Standing Committee on Energy (1)

Solar Park Development Sluggish, Says Standing Committee on Energy

The Parliamentary Standing Committee on Energy has expressed disappointment at the slow progress of solar park development in the country and the shortfall in meeting the target set for solar ...
Supply Chain Woes Hit Siemens Gamesa’s Wind Turbine Manufacturing, Revenue Dips

Supply Chain Woes Hit Siemens Gamesa’s Wind Turbine Manufacturing, Revenue Dips

Spain-based wind turbine manufacturer Siemens Gamesa reported a net loss of €446 million (~$453 million) in the third quarter (Q3) of the fiscal year (October to September), a year-over-year (YoY) ...
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SJVN, Juniper Green, Tata Power, SAEL, Avaada Win MSEDCL’s 500 MW Solar Auction

SJVN, Juniper Green, Tata Power, SAEL, Avaada Win MSEDCL’s 500 MW Solar Auction

SJVN Green Energy, Juniper Green Energy, Tata Power Renewable Energy, SAEL, and Avaada Energy were declared winners in Maharashtra State Electricity Distribution Company’s (MSEDCL) auction to procure power from 500 ...
Ministry Mulls Introducing High Price Day-Ahead Market in Power Exchanges

Ministry Mulls Introducing High Price Day-Ahead Market in Power Exchanges

The Ministry of Power (MoP) has proposed the introduction of a high price market segment for the day ahead market (HPDAM). The stakeholders have time until August 21, 2022, to ...
Residential Solar Company Sunrun’s Revenue Up by 46% YoY in Q2 2022

Residential Solar Company Sunrun’s Revenue Up by 46% YoY in Q2 2022

Sunrun, a U.S.-based residential solar, battery storage, and energy services company, registered total revenue of $584.6 million in the second quarter (Q2) of the calendar year (CY) 2022, up 46%, ...
$26 Million for Projects Demonstrating Grid Reliability With Clean Energy Integration

$26 Million for Projects Demonstrating Grid Reliability With Clean Energy Integration

The U.S. Department of Energy (DOE) has announced $26 million to fund projects demonstrating that America's electricity grid can reliably run with a mix of solar, wind, energy storage, and ...
Clearway Energy’s Net Income from Renewables Up 207% to $83 Million in Q2 2022

Clearway Energy’s Net Income from Renewables Up 207% to $83 Million in Q2 2022

U.S-based clean energy company Clearway Energy Group (CEG) recorded a net income of $83 million from its renewable segment in the second quarter (Q2), a year-over-year (YoY) rise of 207% ...
Tata Motors to Deploy 1,180 Electric Buses in Kolkata

Tata Motors to Deploy 1,180 Electric Buses in Kolkata

The West Bengal Transport Corporation (WBTC) has granted a letter of award (LoA) to Tata Motors to deploy 1,180 electric buses as part of the Grand Challenge initiative of Convergence ...
Adani Green Registers a 57% YoY Rise in Revenue in Q1 FY2023

Adani Green Registers a 57% YoY Rise in Revenue in Q1 FY2023

Renewable energy company Adani Green Energy (AGEL) has generated revenue of ₹13.28 billion (~$168.72 million) from the sale of energy in the first quarter (Q1) of the financial year (FY) ...
Consultants Invited to Study Transport Sector Decarbonization in the Arab Region

Consultants Invited to Study Transport Sector Decarbonization in the Arab Region

The Regional Center for Renewable Energy and Energy Efficiency (RCREEE), the official technical arm of the League of Arab States, has invited bids to select a consultant to conduct a study ...
Frequent Policy Changes a Major Hurdle for Large-Scale Solar Installations

Policy Stability Vital for Large-Scale Solar Installations

Large-scale projects are the drivers of solar development in India, with a pipeline of approximately 57 GW at the end of the second quarter (Q2) of 2022. For India to ...
Daily News Wrap-Up Central Finance Assistance for Solar Pumps up to 15 HP Capacity Approved

Daily News Wrap-Up: Central Finance Assistance for Solar Pumps up to 15 HP Capacity Approved

Here are some noteworthy cleantech announcements of the day from around the world: Minister of State of New & Renewable Energy Bhagwanth Khuba stated that the Finance Ministry had approved ...
Scatec’s Revenue Surges YoY by 12% to $114 Million in Q2 2022 (1)

Scatec’s Revenue Surges YoY by 12% to $114 Million in Q2 2022

Norwegian independent power producer Scatec recorded second-quarter (Q2) revenue of NOK1,130 million (~$114 million), a year-over-year (YoY) increase of 12% from NOK1,007 million (~$102 million). The company said that the ...
Central Electronics Invites Bids for 1.5 Million Multicrystalline Solar Cells

Central Electronics Invites Bids for 1.5 Million Multicrystalline Solar Cells

Central Electronics Limited (CEL), a public sector enterprise under the Ministry of Science and Technology, has invited bids for the supply of 1.5 million multicrystalline solar cells of 4.63 W ...
Tata Power Commissions a 225 MW Wind-Solar Hybrid Project in Rajasthan

Tata Power Commissions a 225 MW Wind-Solar Hybrid Project in Rajasthan

Tata Power Green Energy, a wholly-owned subsidiary of Tata Power, has commissioned a 225 MW solar-wind hybrid power project in Rajasthan. The 225 MW of power generated from the project ...
NTPC’s Net Profit Jumps 16% YoY to ₹39.77 Billion in Q1 FY 2023

NTPC’s Net Profit Jumps 16% YoY to ₹39.77 Billion in Q1 FY 2023

NTPC recorded a total income of ₹436 billion (~$5.54 billion) in the first quarter (Q1) of the financial year (FY) 2023, a year-over-year (YoY) increase of 4.34% from ₹304 billion ...
GAIL Invites Bids from Project Management Consultants for a 10 MW Solar Project

GAIL Invites Bids from Project Management Consultants for a 10 MW Solar Project

GAIL (India) is hiring a project management consultant (PMC) to set up a 10 MW ground-mounted solar power project at GAIL’s Vijaipur Complex in the Guna District of Madhya Pradesh ...
India's Solar Power Generation Up by 34% YoY in 1H 2022

India’s Solar Power Generation Up by 34% YoY in 1H 2022

India generated 47.64 BU of solar power in the first half (1H) of the calendar year (CY) 2022, an increase of 34% compared to the same period last year. Solar ...

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