Author Archives: Staff
IFC Proposes $50 Million Loan for Enel’s 300 MW Solar Project in Rajasthan
International Finance Corporation (IFC) has proposed a $50 million loan facility to Italy-based Enel Green Power to fund its solar project in Rajasthan’s Bikaner. The 300 MW Thar Surya solar photovoltaic ...
Investors Must Come With Strong Operating Knowledge of The Indian Solar Market
At the Fireside Chat session held on Day 1 of the Mercom India Solar Summit 2021, Sumant Sinha, Chairman, and Managing Director, ReNew Power, shared industry insights in a freewheeling ...
Amplus Acquires 17 Rooftop Solar Projects from Sterling and Wilson
Solar developer Amplus Solar has announced the acquisition of 17 on-site operational solar projects from Sterling and Wilson Private Limited. Spread over Haryana, Punjab, Madhya Pradesh, Rajasthan, Maharashtra, Telangana, and ...
NLC India Ups Green Power Generation Capacity by 39% in 2020-21
NLC India Limited (NLCIL), a public sector undertaking engaged in coal mining and power generation, has increased its green power generation by 39% and mining capacity by 66%. The company ...
Project Finance Brief: BayWa r.e. Secures Loan of $216 Million for a 200 MW Solar Project
Independent solar power producer Azure Power Global has announced that it had signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables for ₹5.36 billion (~$73.5 ...
Funding and M&A Roundup: BlackRock Real Assets Raises $4.8 Billion to Fund Renewables
BlackRock Real Assets has achieved a $4.8 billion final close of Global Renewable Power Fund III (GRP III) with commitments from over 100 institutional investors, including leading public and private ...
Over 260 GW of Renewables Added Globally in 2020, Beating the Previous Record by 50%
According to data released by the International Renewable Energy Agency (IRENA), the world added more than 260 GW of renewable energy capacity in 2020, according to data released by the ...
L&T Construction Bags EPC Order to Set Up 1.5 GW Solar PV Project in Saudi Arabia
The renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has secured a turnkey engineering, procurement, and construction (EPC) contract from the consortium of ACWA Power and the ...
Mercom India Solar Awards 2021 Winners Announced
Mercom India, a subsidiary of U.S.-based Mercom Capital Group and leading clean energy communications and consulting firm, announced the winners of the Solar Awards 2021 on the second day of ...
Deferring New Solar Bids Until Backlog of Unsigned PSAs is Cleared the Way Forward
Deferring new bids until the backlog of unsigned power sale agreements (PSAs) with the distribution companies (DISCOMs) is cleared by the Solar Energy Corporation of India (SECI) may be the ...
ReNew Power Pledges to Achieve Net-Zero Emissions by 2050
ReNew Power, India-based renewable energy company, has announced its commitment towards attaining net-zero greenhouse gas emissions by 2050. The company aims to help address the global climate crisis and lead ...
Adani Electricity Gives Mumbai Consumers Guilty of Dirty Coal Option to Switch to Green Energy
In a bid to transition Mumbai towards green energy, Adani Electricity Mumbai Limited (AEML), the city’s largest electricity distributor, is launching a program to give consumers the flexibility to set ...
The Role of DISCOMs in India’s Transition to a Clean Energy Regime
Distribution companies (DISCOMs) should ideally be at the forefront of fulfilling the country's clean energy commitments. However, DISCOMs have remained the weakest link in India's power system. The poor financial ...
Access to Solar Project Finance is Key to Achieving India’s Ambitious Targets
India has taken significant strides towards transitioning to clean energy by tapping renewable sources. However, the mobilization of funds to meet India's clean energy commitments presents a formidable challenge. India ...
Green Climate Fund Approves FMO’s $137 Million Investment in India
The Green Climate Fund (GCF) has approved Dutch development bank FMO's proposal to accelerate private and public sector investment in India's green infrastructure projects. Through the Green Growth Equity Fund ...
Funding and M&A Roundup: Sunnova Completes Acquisition of SunStreet
Sunnova Energy International, a residential solar and storage service provider, announced that it completed the acquisition of SunStreet Energy Group, Lennar Corporation’s residential solar platform, and has become Lennar’s residential ...
Project Finance Brief: Renewable Japan Raises $92.4 Million for a 25.76 MW Solar Project
ReneSola, a fully integrated solar project developer, announced that it closed the sale of a portfolio of projects totaling 12.3 MW in Hungary to Obton, an investment firm. The portfolio ...
Floating Solar Projects Could Help Reduce Impact of Climate Change on Lakes
According to a new study, floating solar farms could help protect lakes and reservoirs from some of the harms of climate change. Scientists from Lancaster University and the University of ...
New Electrolyte Found to Achieve Greater Energy Density in Lithium-Ion Batteries
A team of researchers at the Massachusetts Institute of Technology (MIT) and other organizations have found a novel electrolyte that could make it possible for lithium-ion batteries, which now typically ...
A Record 114 GW of Wind Power Capacity Added Globally in 2020
A total of 114 GW of new wind capacity was added globally in 2020, representing an 82% increase year-over-year (YoY), according to a report from Wood Mackenzie. This is the ...
Funding and M&A Roundup: Power Management Company Eaton Acquires Green Motion
Power management company Eaton has acquired Green Motion, a manufacturer of electric vehicle charging hardware and related software. Soltage, an independent power producer, and Harrison Street, an investment management firm ...
Project Finance Brief: Downing Renewables Acquires 96 MW of Solar Assets
Downing Renewables & Infrastructure Trust, which invests in renewable energy projects across the U.K., completed the acquisition of a 96 MW portfolio of 50 solar PV projects located in mainland ...
Funding and M&A Roundup: Solar Energy Provider Sunseap Secures Series E Funding
Sunseap Group, a Singapore-based solar installer, secured equity in Series E funding round from Dubai-based conglomerate, Dutco. The proceeds will be deployed to Sunseap's future solar projects in Singapore and ...
Project Finance Brief: EDF Acquires 100 MW of Solar Projects in the UK
EDF Renewables, a wholly-owned subsidiary of the French utility EDF Group, has acquired two solar projects totaling 100 MW - Burwell, a 49.9 MW consented project in South East Cambridgeshire ...
Funding and M&A Roundup: Orix Completes Acquisition of 21.8% Stake in Greenko
Australian utility AGL has entered into agreements to acquire two of Australia’s largest commercial solar businesses, Epho and Solgen Energy Group (from Anchorage Capital Partners), both commercial and industrial solar ...
