IEX’s Green Market Trades 372 MU of Renewable Energy in October

IEX’s Green Market Trades 372 MU of Renewable Energy in October

The Indian Energy Exchange (IEX) traded 372.4 million units (MU) of renewable energy in October 2021, a 31% month-over-month (MoM) decline compared to 543 MU in September. The exchange saw ...
/ / Grid, Market & Policy
Tamil Nadu Sets Generic Tariff of ₹3.61/kWh for Rooftop Solar Systems Up to 10 kW

Tamil Nadu Sets Generic Tariff of ₹3.61/kWh for Rooftop Solar Systems Up to 10 kW

The Tamil Nadu Electricity Regulatory Commission (TNERC) has set a generic tariff of ₹3.61 (~$0.049)/kWh for grid-connected solar power projects for capacity ranging from 1kW to 10 kW, ₹3.37 (~$0.045)/kWh ...
Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii

Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii

Plus Power, a U.S.-based renewable energy company, said it had closed a credit facility for its 185 MW/565 MWh Kapolei Energy Storage project in Hawaii. The company has signed a ...
ADT to Enter US Rooftop Solar Market Acquiring Sunpro Solar for $825 Million

ADT to Enter US Rooftop Solar Market Acquiring Sunpro Solar for $825 Million

ADT, a U.S.-based electronic security provider for residences and small and large businesses, has signed an agreement to acquire Sunpro Solar for $160 million in cash and 77.8 million shares of ...
Solar Makes Up for 11.8% of India’s Total Installed Power Capacity

Solar Makes Up for 11.8% of India’s Total Installed Power Capacity

India’s installed renewable energy (including large hydro projects) capacity stood at 147.8 GW, accounting for 38% in the overall power mix at the end of the third quarter (Q3) of ...
Governments Worldwide Pledge $470 Billion for Clean Energy Measures IEA Report

Governments Worldwide Pledge $470 Billion for Clean Energy Measures: IEA Report

The International Energy Agency (IEA) has said governments worldwide had earmarked $470 billion as of October 2021 to clean energy measures as part of their economic response to the Covid-19 ...
/ / Finance and M&A, Other
Daily News Wrap-Up: Thailand's 45 MW Hydro-Floating Solar Project Begins Operations

Daily News Wrap-Up: Thailand’s 45 MW Hydro-Floating Solar Project Begins Operations

Here are some noteworthy cleantech announcements of the day from around the world: The 45 MW hydro-floating solar hybrid project at Sirindhorn Dam by the Electricity Generation Authority of Thailand ...
LONGi, Jinko and Adani – Top Solar Module Suppliers Capture 50% of the Market in 1H 2021

LONGi, Jinko and Adani – Top Solar Module Suppliers Capture 50% of the Market in 1H 2021

 LONGi Solar, Jinko Solar, and Adani Solar were the leading module suppliers to the Indian solar market in the first half (1H) of the calendar year (CY) 2021. The market ...
Commission Upholds Force Majeure Plea, Grants Extension to a 10 MW Solar Project

Commission Upholds Force Majeure Plea, Grants Extension to a 10 MW Solar Project

The Maharashtra Electricity Regulatory Commission (MERC) allowed the scheduled commissioning date of a 10 MW solar project in Maharashtra to be extended to the actual commissioning date due to the ...
India's Peak Power Deficit Down from 16.6% in FY 2008 to 0.4% in FY 2021: Ministry of Power

India’s Peak Power Deficit Down from 16.6% in FY 2008 to 0.4% in FY 2021: Ministry of Power

India reduced its peak power deficit from 16.6% in financial year (FY) 2008 to 0.4% in FY 2021, backed by several policy and infrastructure interventions, according to the Ministry of ...
/ / Grid, Market & Policy
Freight Charges and Bottlenecks Bring First Solar’s Net Sales Down by 7% in Q3 2021

Freight Charges and Bottlenecks Bring First Solar’s Net Sales Down by 7% in Q3 2021

First Solar, a U.S.-based manufacturer of solar modules, has released its financial results for the third quarter of 2021 (Q3 2021). The firm’s net sales in Q3 2021 stood at $584 ...
Jakson to Scale Up its Module Manufacturing Facility to 1 GW by 2022 Interview

Jakson to Scale Up its Module Manufacturing Facility to 1 GW by 2022: Interview

The Indian solar market is steadily recovering after facing several challenges due to the Covid-19 pandemic and subsequent lockdowns in the past two years. According to Mercom's Q2 2021 India Solar ...
Daily News Wrap-Up: Inox Wind Wins 150 MW Turbines Order From NTPC

Daily News Wrap-Up: Inox Wind Wins 150 MW Turbines Order From NTPC

Here are some noteworthy cleantech announcements of the day from around the world: Inox Wind has bagged a 150 MW order from NTPC Renewable Energy Limited to supply wind turbine ...
Month in a Minute: Top Headlines from Indian Renewable Sector in October 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in October 2021

Here is a recap of some of the most important headlines from October 2021: Reliance New Energy Solar, a 100% subsidiary of Reliance Industries, has acquired REC Solar Holdings from ...
KSEB Announces List of Successful Bidders for 200 MW Rooftop Solar Auction

KSEB Announces List of Successful Bidders for 200 MW Rooftop Solar Auction

The Kerala State Electricity Board Limited (KSEB) has announced the list of empaneled installers for engineering, procurement, and construction (EPC) of 200 MW of grid-connected residential rooftop solar systems in ...
Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has invited bids from developers to install and commission 18 MW of grid-connected rooftop

Bids Invited for 18 MW of Rooftop Solar Projects in Madhya Pradesh

Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has invited bids from developers to install and commission 18 MW of grid-connected rooftop solar projects under the renewable energy service company (RESCO) ...
Consultancy Tender Issued to Implement Solar Projects on CIDCO Properties

Consultancy Tender Issued to Implement Solar Projects on CIDCO Properties

The City and Industrial Development Corporation of Maharashtra (CIDCO) has invited bids for consultancy services to prepare feasibility and detailed project reports and bid documents for implementing solar power projects ...
Tender Floated for 40 MW of Solar Projects Under KUSUM Program in Kerala

Tender Floated for 40 MW of Solar Projects Under KUSUM Program in Kerala

The Kerala State Electricity Board Limited (KSEBL) has issued a request for selection (RfS) of renewable power generators to develop 40 MW of solar projects of 500 kW and 2 ...
Australia has Highest Solar Per Capita with 810 WPerson Report

Australia has Highest Solar Per Capita with 810 W/Person: Report

Australia leads the world in solar per capita with 810 W per person, the Australian PV Institute has said in a recent report. Germany with 650 W per person is ...
Project Finance Brief Sunseap Secures $85.8 Million Loan for a 70 MW Solar Project

Project Finance Brief: Sunseap Secures $85.8 Million Loan for a 70 MW Solar Project

From: Mercom Capital Group Sunseap Group, a Singapore-based renewable solutions provider, has secured an $85.8 million loan for its 70 MW SolarNova 4 project to install solar PV systems across ...
/ / Finance and M&A, Other
Daily News Wrap-Up: ISRO Develops Calculator to Measure Solar Energy Potential

Daily News Wrap-Up: ISRO Develops Calculator to Measure Solar Energy Potential

Here are some noteworthy cleantech announcements of the day from around the world: India's space agency ISRO would soon give the world a 'solar power calculator' that will use satellite ...
Adani, Avaada, and Azure - Top Utility-Scale Solar Project Developers in 1H 2021

Adani, Avaada, and Azure – Top Utility-Scale Solar Project Developers in 1H 2021

Adani Solar, Avaada Energy, and Azure Power have emerged as the top utility-scale solar project developers in the first half (1H) of the calendar year (CY) 2021, according to Mercom’s India ...
Funding and M&A Roundup: Hanwha Solutions Acquires French Renewable Developer

Funding and M&A Roundup: Hanwha Solutions Acquires French Renewable Developer

From: Mercom Capital Group Hanwha Solutions, a manufacturer and distributor of solar energy components, has closed a deal to acquire 100% of the equity interest of RES Mediterranee, which owns 100% of ...
/ / Finance and M&A, Solar
Energy Storage is the Way Forward to Meet the Growing Power Demand Through Renewables

Energy Storage is the Way Forward to Meet the Growing Power Demand Through Renewables

The demand for round-the-clock power from renewables is on the rise. Given the intermittent nature of renewable energy sources, the time is ripe for India to create an enabling environment ...
Potential of Solar PV and Hybrids to Provide Ancillary Services: IEA Report

Potential of Solar PV and Hybrids to Provide Ancillary Services: IEA Report

Photovoltaic (PV) systems and hybrids need to take over more system responsibility by providing ancillary services since PV penetration is continuously growing, the International Energy Agency (IEA) has said in ...