Author Archives: Staff
Torrent Power Acquires 156 MW Wind Projects from CESC for ₹7.9 Billion
Torrent Power Limited has entered into a share purchase agreement with CESC Limited, Haldia Energy Limited, and other nominal shareholders to acquire 100% of the share capital of Surya Vidyut ...
Himachal Pradesh DISCOM Directed to Offset Solar RPO Deficit
Himachal Pradesh Electricity Regulatory Commission (HPERC) has directed the Himachal Pradesh State Electricity Board Limited (HPSEBL) to offset the net deficit of 103.97 MUs as per its solar renewable purchase ...
Lightsource bp Secures $1.8 Billion Credit Facility for Solar Expansion
Solar developer Lightsource bp has secured a $1.8 billion credit and trade finance facility to support its global expansion strategy. The company plans to develop 25 GW of solar projects ...
Chhattisgarh Proposes Generic Levelized Tariff for RE Projects in FY 2021-22
The Chhattisgarh Electricity Regulatory Commission (CSERC) has issued guidelines to determine the generic levelized tariffs for small hydro projects and non‐fossil fuel‐based co-generation plants. The tariff is for projects that achieve ...
Kakatiya Energy Systems to Play Bigger Role in Smart City Projects: Interview
Several state governments, municipal corporations, and gram panchayats across India have increasingly opted for energy-efficient outdoor lighting systems, including LED lamps and solar lanterns. As recently as May this year, ...
Clean Energy Platform Arcadia Raises $100 Million in Series D Funding
Arcadia, a clean energy platform that connects homeowners to clean energy programs in the United States, has secured $100 million in funding. The Series D funding round was led by ...
Project Finance Brief: 1.8 GW Vineyard Wind Offshore Project Closes $2.3B in Financing
From: Mercom Capital Group Amp Power Australia, the Australian operating company of global clean energy project developer Amp Energy, closed project financing for its 120 MW Hillston Solar Farm in New South Wales, ...
Funding and M&A Roundup: Energy Analytics Company Bidgely Raises $26 Million
From: Mercom Capital Group EnerVenue, an energy storage solutions company providing metal-hydrogen batteries, announced that it had raised $100 million in Series A funding. Schlumberger New Energy led the round, ...
By 2050, 69% of Grid-Connected Power Generation will be from Solar and Wind: DNV
Norway-based research group Det Norske Veritas (DNV) released the Energy Transition Outlook 2021 (ETO 2021). Released two months before COP26 in Glasgow, the report provides an objective forecast of global ...
Influence of Salt Spray and High Humidity Environments on Solar PV Systems
The working environment of a photovoltaic (PV) plant is quite complex. Extreme weather conditions such as high or low temperatures, humidity, salt spray, heavy sand, and other harsh environments can ...
Rajasthan Approves Net Metering for Rooftop Solar Capacity up to 500 kW
The Rajasthan Electricity Regulatory Commission (RERC) has issued new guidelines on 'Grid Interactive Distributed Renewable Energy Generating Systems.' RERC has allowed a net metering facility for rooftop solar systems up ...
Funding and M&A Roundup: Solar EPC Company iSun Acquires SunCommon for $40 Million
From: Mercom Capital Group iSun, solar energy and clean mobility infrastructure company, and SolarCommunities (SunCommon) announced that they have entered into a definitive agreement under which a subsidiary of iSun will acquire SunCommon, ...
Project Finance Brief: Statkraft to Sell 4 Co-Located Solar Projects of 234 MW Capacity
From: Mercom Capital Group Greenbacker Renewable Energy, a renewable energy investment firm, through a wholly-owned subsidiary, acquired a 41 MW Heathlands utility-scale solar project in Manistee county, Michigan, from Prism Power Partners. The ...
Renewable Energy Developer Altus Power to Go Public in a SPAC Deal
Renewable energy developer Altus Power (Altus) has announced a business combination with CBRE Acquisition Holdings (CBAH), a special purpose acquisition company (SPAC), resulting in Altus becoming a publicly-traded company on ...
Battery Analytics Company ACCURE Secures $8 Million Funding
Blue Bear Capital, a U.S.-based investor, focused on digital technologies for energy and climate solutions, Capnamic Ventures, and 42CAP have invested $8 million in ACCURE - a software and artificial ...
Ukraine Announces Amendments to Renewable Energy Laws
Ukraine's Ministry of Energy has proposed amendments to regulations on promoting renewable energy generation. The Ministry of Energy has invited comments and proposals to the draft regulations within a month ...
Solar Projects With ₹7.01/kWh Tariff Face Higher Curtailment in Tamil Nadu: POSOCO
Power System Operation Corporation Limited (POSOCO) has submitted a report on renewable energy curtailment in Tamil Nadu following the Appellate Tribunal For Electricity's (APTEL) orders. The tribunal had ordered POSOCO ...
Hydropower Purchase Obligation to be Added to Rajasthan’s RPO Targets
The Rajasthan Electricity Regulatory Commission (RERC) has issued a draft paper to amend the RERC (Renewable Energy Obligation) Regulations, 2007, to include the hydropower purchase obligation (HPO) until the financial ...
Funding and M&A Roundup: Quanta Services to Acquire Blattner for $2.7 Billion
From: Mercom Capital Group Quanta Services – an American corporation that provides infrastructure services for electric power, pipeline, industrial and communications industries – entered into a definitive agreement to acquire Blattner Holding Company, ...
Project Finance Brief: TransAlta Renewables Acquires a 122 MW Solar Portfolio
From: Mercom Capital Group TransAlta Renewables, an independent renewable energy producer, has entered into a definitive agreement for the acquisition of a 122 MW portfolio of operating solar projects located in North Carolina, ...
Using Hydrogen to Economically Backup Wind and Solar Power: MIT Research
According to research supported by the MIT Energy Initiative (MITEI), hydrogen-fired power generation can be a cost-effective alternative to backing up solar and wind power. Emre Gençer and Drake D ...
SIMA Launches Energy Access Relief Fund to Support Off-Grid Solar Companies
Social Investment Managers and Advisors (SIMA) has launched the Energy Access Relief Fund (EARF) with a first close of $68 million and a target closing of around $84 million by ...
Sweden’s Rooftop Solar Installer Soltech Acquires Major Stake in a Roofing Company
Soltech Energy Sweden AB (Soltech), a rooftop solar solutions provider, acquired 90.1% in roofing company Wettergrens Tak & Plåtslageri AB (Wettergrens). The acquisition is funded entirely from cash and with ...
Funding and M&A Roundup: Battery Storage Company Form Energy Raises $240 Million
From: Mercom Capital Group Form Energy – a startup focusing on making battery systems that can store renewable energy (solar and wind) for longer durations, announced the close of a ...
FlexGen Receives $150 Million Funding from Apollo Global Management Affiliates
Software technology provider for energy storage solutions, FlexGen Power Systems, has received a $150 million equity commitment from funds managed by the affiliates Apollo Global Management. Denver-based venture capital firm, ...
