Author Archives: Staff

Project Finance Brief_ Lightsource bp Acquires 100 MW Solar Portfolio in Spain

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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Power Roll Secures $3.6 Million for Solar Film technology

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 ...
/ / Other, Renewable Energy
Project Finance Brief_ Nexamp to Acquire 50 MW of Community Solar Projects

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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Trina Solar Acquires Nclave Renewable, Lumos Raises $35 Million

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 ...
/ / Other, Renewable Energy
Project Finance Brief_ Foresight Solar Acquires a 26.1 MW Solar Project in Spain for $24 Million

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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Hemlock Semiconductor Acquires DuPont’s Solar Material Unit

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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup_ Indian Lithium-ion battery Maker Grinntech Raised $2 million

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 ...
/ / Finance and M&A, Other
Gas Authority of India Has Several Renewable Projects in the Offing

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 ...
/ / Other, Renewable Energy
UN Secretary-General Calls on India to Take Lead in Global Transformation to Renewables

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 ...
/ / Other, Renewable Energy
Polysilicon Supplier GCL-Poly Warns its Shareholders of Huge Losses in 1H 2020

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 ...
/ / Finance and M&A, Solar
BHEL Tenders Hybrid Inverters for Solar-powered Mini-Grids in Nigeria

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 ...
/ / Solar, Tenders & Auctions
After Rajasthan and Gujarat, Ladakh to Become the Next Major Hub for Renewables in India

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 ...
/ / Markets & Policy, Solar
India's Mahindra Signs Pact with Israel's REE Automotive to Develop Commercial EVs

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 ...
/ / Electric Vehicles, Grid
C-MET Seeks Co-funding Partners for Li-ion and Na-ion Battery Cell Manufacturing

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 ...
/ / Energy Storage, Market & Policy
Solar Association Asks Government to Defer Basic Customs Duty Imposition by 18 Months

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 ...
/ / Markets & Policy, Solar
Funding and M&A Roundup_ ReneSola Acquires Solar Projects and Assets in the US

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 ...
/ / Other, Renewable Energy
Hyderabad’s Energy Requirement in 2025 Could be Higher Than Mumbai’s_ CEA Report

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 ...
/ / Grid, Market & Policy
ReNew and UN Environment Program to Work Together for Renewables & Energy Efficiency

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 ...
/ / Other, Renewable Energy
These Organic Solar Cells Can Be Used on Windows to Generate Energy

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 ...
/ / Solar, Technology
Officials from MNRE and SECI to Discuss the Status of Solar Market on Mercom’s Webinar

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 ...
/ / Markets & Policy, Solar
Patna Sets Up Solar-Powered COVID-Care Facility

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 ...
/ / Off-grid, Solar
Brazil's Copel Awards 595 MW of Solar and Wind Projects

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 ...
/ / Other, Renewable Energy
Electric Buses in This London Garage Set To Generate Electricity When Not in Use

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 ...
/ / Electric Vehicles, Grid
These Red Bricks Could Be Turned into Energy Storing Devices

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 ...
/ / Energy Storage, Technology
Solar Group Seeks Exemption for Developers from Entry Tax in Telangana

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 ...
/ / Markets & Policy, Solar
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