Author Archives: Staff

IFC Proposes $50 Million Loan for Enel’s 300 MW Solar Project in Rajasthan

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 ...
/ / Finance and M&A, Solar
Investors Must Come With Strong Operating Knowledge Of The Indian Market

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 ...
/ / Markets & Policy, Solar
Amplus Acquires 17 Rooftop Solar Projects from Sterling and Wilson

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 ...
/ / Finance and M&A, Solar
NLC India Ups Green Power Generation Capacity by 39% in 2020-21

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 ...
/ / Other, Renewable Energy
Project Finance Brief_ BayWa r.e. Secures Loan of $216 Million for a 200 MW Solar Project

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 ...
/ / Finance and M&A, Other
Funding and M&A Roundup_ BlackRock Real Assets Raises $4.8 billion to Fund Renewables

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 ...
/ / Other, Renewable Energy
Over 260 GW of Renewables Added Globally in 2020, Beating the Previous Record by 50%

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 ...
/ / Other, Renewable Energy
L&T Construction Bags EPC Order to Set Up 1.5 GW Solar PV Project in Saudi Arabia

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 ...
/ / Solar, Tenders & Auctions
Mercom India Solar Awards 2021 Winners Announced

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 ...
/ / Markets & Policy, Solar
Deferring New Solar Bids Until Backlog of Unsigned PSAs is Cleared the Way Forward

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 ...
/ / Markets & Policy, Solar
ReNew Power Pledges to Achieve Net-Zero Emissions by 2050

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 ...
/ / Other, Renewable Energy
Adani Electricity Gives Mumbai Consumers Guilty of Dirty Coal to Switch to Green Energy

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 ...
/ / Other, Renewable Energy
The Role of DISCOMs in India's Transition to a Clean Energy Regime

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 ...
/ / Grid, Market & Policy
Access to Solar Project Finance is Key to Achieving India's Ambitious Targets

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 ...
/ / Finance and M&A, Solar
Green Climate Fund Approves FMO's $137 Million Investment in 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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Sunnova Completes Acquisition of SunStreet

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 ...
/ / Other, Renewable Energy
Project Finance Brief_ Renewable Japan Raises $92.4 Million for a 25.76 MW Solar Project

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 ...
/ / Other, Renewable Energy
Floating Solar Projects Could Help Reduce Impact of Climate Change on Lakes

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 ...
/ / Floating Solar, Solar
New Electrolyte Found to Achieve Greater Energy Density in Lithium-Ion Batteries

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 ...
/ / Solar, Technology
A Record 114 GW of Wind Power Capacity Added Globally in 2020

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 ...
/ / Wind
Funding and M&A Roundup_ Power Management Company Eaton Acquires Green Motion

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 ...
/ / Other, Renewable Energy
Project Finance Brief_ Downing Renewables Acquires 96 MW of Solar Assets

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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Solar Energy Provider Sunseap Secures Series E Funding

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 ...
/ / Other, Renewable Energy
Project Finance Brief_ EDF Acquires 100 MW of Solar Projects in the UK

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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Orix Completes Acquisition of 21.8% Stake in Greenko

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 ...
/ / Other, Renewable Energy