Author Archives: Staff
Project Finance Brief: Lightsource bp Acquires 100 MW Solar Portfolio in Spain
Innova Energy, a private equity-backed renewable energy generator, has secured £30 million (~$38.17 million) of debt funding from NatWest to finance a mixed portfolio of UK rooftop and ground-mounted solar ...
Funding and M&A Roundup: Power Roll Secures $3.6 Million for Solar Film technology
SunHydrogen, a developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, announced it has agreed to accept an equity investment of up to $4 million from ...
Project Finance Brief: Nexamp to Acquire 50 MW of Community Solar Projects
Sun Investment Group (SIG) and Ignitis Renewables have signed a contract under which Ignitis Renewables will acquire a 170 MW turnkey portfolio developed in Poland by SIG. The PV projects ...
Funding and M&A Roundup: Trina Solar Acquires Nclave Renewable, Lumos Raises $35 Million
Trina Solar, a solar and smart energy total solution provider, announced its acquisition of the remaining 49% equity in Nclave Renewable to make Nclave a wholly-owned subsidiary of Trina Solar ...
Project Finance Brief: Foresight Solar Acquires a 26.1 MW Solar Project in Spain for $24 Million
Here are the project finance highlights from the global renewable energy industry over the past week: ACF Renewable Energy Limited, a subsidiary of ACWA Power, completed a sale of its ...
Funding and M&A Roundup: Hemlock Semiconductor Acquires DuPont’s Solar Material Unit
Here is a roundup of corporate funding and M&A deals from last week covering the global renewable energy industry: Hemlock Semiconductor Operations (HSC) has acquired a DuPont business that makes trichlorosilane ...
Funding and M&A Roundup: Indian Lithium-ion battery Maker Grinntech Raised $2 Million
Here is a roundup of corporate funding and M&A deals from last week covering the global renewable energy industry: SenseHawk, a SaaS platform that helps customers develop, build, and operate ...
Gas Authority of India Has Several Renewable Projects in the Offing
Gas Authority of India Limited (GAIL) submitted its Annual Report for 2019-20 that sheds light on GAIL's ambitions and accomplishments in the renewable energy sector. According to GAIL, its total ...
UN Secretary-General Calls on India to Take Lead in Global Transformation to Renewables
United Nations Secretary-General, António Guterres, called on India to take the lead in transforming global economic, energy, and health systems to save lives, create inclusive economies, and avert the threat ...
Polysilicon Supplier GCL-Poly Warns its Shareholders of Huge Losses in 1H 2020
GCL-Poly Energy Holdings Limited, one of the largest suppliers of polysilicon to the solar market globally, warned its shareholders to expect losses to the tune of RMB 1.5 billion (~$217 ...
BHEL Tenders Hybrid Inverters for Solar-Powered Mini-Grids in Nigeria
Bharat Heavy Electricals Ltd. (BHEL) floated a tender for the supply of hybrid inverters for solar-powered mini-grid projects in Kaduna, Nigeria. The last date for the submission of bids is ...
After Rajasthan and Gujarat, Ladakh to Become the Next Major Hub for Renewables in India
Mercom India held a webinar on September 1, 2020, to discuss and analyze the latest developments in India’s solar sector over the quarter. The webinar put the spotlight on the ...
India’s Mahindra Signs Pact with Israel’s REE Automotive to Develop Commercial EVs
Mahindra & Mahindra, an Indian automobile manufacturer and a part of Mahindra Group, announced that it signed a Memorandum of Understanding (MoU) with Israel-based REE Automotive to collaborate for the ...
C-MET Seeks Co-funding Partners for Li-ion and Na-ion Battery Cell Manufacturing
The Center for Materials for Electronics Technology (C-MET) has invited Expressions of Interest (EoI) from interested parties for collaboration with the Center of Excellence for rechargeable battery technologies (Pre-cell). The ...
Solar Association Asks Government to Defer Basic Customs Duty Imposition by 18 Months
The Solar Power Developer's Association (SPDA) requested the central government to reconsider its decision of imposing Basic Custom Duty (BCD) on solar cells and modules and postpone its implementation by ...
Funding and M&A Roundup: ReneSola Acquires Solar Projects and Assets in the US
Joule Case, a battery tech startup producing stackable energy storage units, landed more than $500,000 in funding as part of convertible notes. Using lithium-ion and lead-acid batteries, Joule Case has ...
Hyderabad’s Energy Requirement in 2025 Could be Higher Than Mumbai’s: CEA Report
The Central Electricity Authority (CEA) has released the second part of its 19th Electric Power Survey (EPS), which forecasts the power consumption across 20 cities in India. The forecast is ...
ReNew and UN Environment Program to Work Together for Renewables & Energy Efficiency
ReNew Power and the UN Environment Programme (UNEP) entered a partnership agreement to promote increased access to renewable energy and improved energy efficiency. UNEP addresses environmental issues at the global ...
These Organic Solar Cells Can Be Used on Windows to Generate Energy
A research team from the University of Michigan said they set a new efficiency record for color-neutral, transparent solar cells. Instead of following the conventional silicon-based design, the team attained ...
Officials from MNRE and SECI to Discuss the Status of Solar Market on Mercom’s Webinar
Mercom’s Q2 2020 India Solar Market Update is out, and the numbers do not paint a pretty picture. On September 1, 2020, Mercom will host a webinar to analyze the ...
Patna Sets Up Solar-Powered COVID-Care Facility
Doctors For You (DFY), in collaboration with SELCO Foundation and Vistex Hospital, has set up a 50-bed solar-powered COVID-care hospital with support from the Government of Bihar at Masarhi in ...
Brazil’s Copel Awards 595 MW of Solar and Wind Projects
Brazil's Copel Mercado Livre, a subsidiary of Companhia Paranaense de Energia, announced that it had awarded 595 MW of renewable energy projects for 13 years to expand its renewable energy ...
Electric Buses in This London Garage Set To Generate Electricity When Not in Use
United Kingdom-based SSE Enterprise is working on a vehicle-to-grid (V2G) project at London’s Northumberland Park bus garage, where electricity would be generated from buses when it’s not ferrying passengers. The ...
These Red Bricks Could Be Turned into Energy Storing Devices
New research conducted by a group of scientists from Washington University in St. Louis, on common red bricks, has revealed the potential of this inexpensive building material to store energy ...
Solar Group Seeks Exemption for Developers from Entry Tax in Telangana
The National Solar Energy Federation of India (NSEFI) appealed to the Telangana government to exempt solar developers from payment of ‘entry tax’ on notified goods imported to the state. The ...
