Fortescue Buys 60% Stake in Green Hydrogen Firm HyET, Finances Solar Module Facility

Fortescue Buys 60% Stake in Green Hydrogen Firm HyET, Finances Solar Module Facility

Australia-based Fortescue Future Industries (FFI) has acquired a 60 % stake in the Dutch-based High yield Energy Technologies (HyET) Group. FFI also provided the majority share of financing for expanding ...
/ / Finance and M&A, Other
SunPower Acquires Residential Solar Company Blue Raven for $165 Million

SunPower Acquires Residential Solar Company Blue Raven for $165 Million

Distributed generation storage and energy services provider SunPower has acquired residential solar provider Blue Raven Solar. The acquisition was made for a cash consideration of up to $165 million. The ...
/ / Finance and M&A, Solar
Reliance To Buy 40% Stake in EPC Company Sterling & Wilson Solar

Reliance to Buy 40% Stake in EPC Company Sterling & Wilson Solar

Reliance New Energy Solar Limited (RNESL), the green energy arm of Reliance Industries, has signed an agreement with Shapoorji Pallonji and Company Private Limited (SPCPL) to acquire a 40% stake ...
Daily News Wrap-Up Ministry of Power Releases Cybersecurity Guidelines for Utilities

Daily News Wrap-Up: Ministry of Power Releases Cybersecurity Guidelines for Utilities

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of Power has released guidelines for cybersecurity in the power sector to keep the industry ...
MAHAGENCO Issues EPC Tender for a 25 MW Solar Project in Maharashtra

MAHAGENCO Issues EPC Tender for a 25 MW Solar Project in Maharashtra

The Maharashtra State Power Generation Company (MAHAGENCO) has invited bids for the design, engineering, manufacture, supply, erection, and commissioning of a 25 MW grid-connected solar power project with associated 33 ...
Project Finance Brief: Altus Power Closes €36.2 Million Sale Leaseback Solar Funding

Project Finance Brief: Altus Power Closes €36.2 Million Sale Leaseback Solar Funding

From: Mercom Capital Group Altus Power, a clean energy firm, has completed a sale leaseback tax equity financing worth €36.2 million (~$42 million) for several unspecified solar projects in Minnesota and Massachusetts. Fifth Third ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Energy Storage Company VFlowTech Secures $3 Million Financing

Funding and M&A Roundup: Energy Storage Company VFlowTech Secures $3 Million Financing

From: Mercom Capital Group Energy storage solutions provider VFlowTech has secured $3 million in Pre-Series A financing led by Wavemaker Partners, with participation from SEEDS Capital, Sing Fuels, and other prominent angel investors ...
/ / Finance and M&A, Solar
Reliance Acquires REC Solar Holding for $771 Million

Reliance Acquires REC Solar Holding for $771 Million

Reliance New Energy Solar, a wholly-owned subsidiary of Reliance Industries, has acquired REC Solar Holdings from China National Bluestar Group for $771 million. REC is a Norway-headquartered solar cell, modules, ...
Tariff of ₹2.64/kWh Approved for 100 MW of Solar Projects at Raghanesda Solar Park

Tariff of ₹2.64/kWh Approved for 100 MW of Solar Projects at Raghanesda Solar Park

The Gujarat Electricity Regulatory Commission (GERC), in a recent order, approved the tariff of ₹2.64 (~$0.035)/kWh to procure power from a 100 MW solar project (PhaseX-R) being developed by SJVN ...
RUMSL Issues Consultancy Tender for a 950 MW Solar Plus Battery Energy Storage Park

RUMSL Issues Consultancy Tender for a 950 MW Solar Plus Battery Energy Storage Park

Rewa Ultra Mega Solar (RUMSL) has issued a request for proposal (RfP) to select consultants for transaction advisory services for a 950 MW ground-mounted solar photovoltaic (PV) park with battery ...
First Phase of Market-Based Economic Dispatch of Power to Start from April 2022

First Phase of Market-Based Economic Dispatch of Power to Start from April 2022

The Ministry of Power (MoP) has released the framework for implementing the Market-Based Economic Dispatch (MBED) - Phase 1 program to reduce consumers’ power purchase costs by 5%. MBED will ...
/ / Grid, Utilities
Federal Bank to Discontinue Financing New Coal Projects

Federal Bank to Discontinue Financing New Coal Projects

Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) ...
Central Electronics Floats Tender for 147 MW of Decentralized Solar Systems

Central Electronics Floats Tender for 147 MW of Decentralized Solar Systems

Central Electronics Limited (CEL), a public sector enterprise under the Ministry of Science and Technology, has invited bids for the supply, construction, testing, and commissioning of 147 MW (in 11 ...
Rajasthan Electronics Invites Bids for 3,000 DCR Mono or Polycrystalline Solar Modules

Rajasthan Electronics Invites Bids for 3,000 DCR Mono or Polycrystalline Solar Modules

Rajasthan Electronics and Instruments Limited (REIL), a joint venture between the Government of India and the Government of Rajasthan, has invited bids to supply 3,000 mono or polycrystalline solar modules ...
US Had a Pipeline of 160 GW for Solar Projects With Battery Storage at the end of 2020

US Had a Pipeline of 160 GW for Solar Projects With Battery Storage at the End of 2020

According to a recently released report by Lawrence Berkeley National Laboratory (LBNL), the pipeline of solar capacity in the U.S. at the end of 2020 was around 460 GW. Of ...
If Coal Shortage Impacts Power Consumption, Can Solar Save The Day

If Coal Shortage Impacts Power Consumption, Can Solar Save the Day?

India is seeing a surge in power demand, with industrial and economic activity picking up pace in the past few months. But thermal power plants are in a crisis as ...
Daily News Wrap-Up: GE Renewable Energy to Supply Wind Turbines for JSW's Projects

Daily News Wrap-Up: GE Renewable Energy to Supply Wind Turbines for JSW’s Projects

Here are some noteworthy cleantech announcements of the day from around the world: GE Renewable Energy will supply 810 MW of onshore wind turbines for JSW Energy's projects in India ...
Resolution of SEBI-CERC Dispute Will Pave the Way for Reforms – Power Ministry

Resolution of SEBI-CERC Dispute Will Pave the Way for Reforms – Power Ministry

The Supreme Court has disposed of the long-pending dispute between the Securities and Exchange Board of India (SEBI) and the Central Electricity Regulatory Commission (CERC) regarding regulatory jurisdiction of electricity ...
/ / Grid, Market & Policy
Delayed Solar Projects Liable to Reduced Tariff and Payment of Liquidated Damages

Delayed Solar Projects Liable to Reduced Tariff and Payment of Liquidated Damages

The Karnataka Electricity Regulatory Commission (KERC) has directed Hubli Electricity Supply Company (HESCOM) to recover liquidated damages from three solar developers for the delay in commissioning the projects. The Commission ...
Cleantech Solar Secures ₹2 Billion Loan Facility for its Open Access Portfolio in India

Cleantech Solar Secures ₹2 Billion Loan Facility for its Open Access Portfolio in India

Singapore-based solar developer Cleantech Solar has announced the financial close of ₹2 billion (~$26.72 million) senior secured loan facility with NIIF Infrastructure. The loan will be utilized to refinance the company’s portfolio of ...
IEX’s Green-Term Ahead Market Traded 1.68 BU in Q3 2021

IEX’s Green-Term Ahead Market Traded 1.68 BU in Q3 2021

The Indian Energy Exchange (IEX) traded 1.68 billion units (BU) of renewable energy in the third quarter (Q3) of the calendar year (CY) 2021. The exchange traded 8.99 BU of ...
Solar Auctions Activity Increases in Q3 2021 While Tenders Slowed

Solar Auctions Activity Increases in Q3 2021 While Tenders Slowed

Government agencies announced tenders for 5.8 GW of solar projects in the third quarter (Q3) of the calendar year (CY) 2021, a 31% decline compared to 8.5 GW in the previous ...
Daily News Wrap-Up: Germany to Contribute €100 Million for Sustainable Energy in Africa

Daily News Wrap-Up: Germany to Contribute €100 Million for Sustainable Energy in Africa

Here are some noteworthy cleantech announcements of the day from around the world: Germany will contribute €100 million (~$115.45 million) to the African Development Bank's Sustainable Energy Fund for Africa ...
Karnataka DISCOMs Asked to Compensate Solar Developer for Safeguard Duty Imposition

Karnataka DISCOMs Asked to Compensate Solar Developer for Safeguard Duty Imposition

The Karnataka Electricity Regulatory Commission (KERC) has recently ruled that five special purpose vehicles (SPVs) of ACME Solar were entitled to levelized incremental tariffs to compensate for the additional cost ...
Going for 100% Renewables Can Cut India's Electricity Costs by Half – Wartsila Report

Going for 100% Renewables Can Cut India’s Electricity Costs by Half – Wartsila Report

India can cut its overall cost of electricity in half and reach net zero before 2050 by developing a 100% renewable energy power system, according to modeling by Finnish power ...
/ / Uncategorized