Author Archives: Staff

Torrent Power Acquires 156 MW Wind Projects from CESC for ₹7.9 Billion

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 ...
/ / Finance and M&A, Wind
Himachal Pradesh DISCOM Directed to Offset Solar RPO Deficit

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 ...
/ / Markets & Policy, Solar
Lightsource bp Secures $1.8 Billion Credit Facility for Solar Expansion

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 ...
/ / Finance and M&A, Solar
Chhattisgarh Proposes Generic Levelized Tariff for RE Projects in FY 2021-22

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 ...
/ / Markets & Policy, Solar
Kakatiya Energy Systems to Play Bigger Role in Smart City Projects Interview

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, ...
/ / Markets & Policy, Solar
Clean Energy Platform Arcadia Raises $100 Million in Series D Funding

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 ...
/ / Finance and M&A, Solar
Project Finance Brief: 1.8 GW Vineyard Wind Offshore Project Closes $2.3B in Financing

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, ...
/ / Finance and M&A, Solar
Funding and M&A Roundup: Energy Analytics Company Bidgely Raises $26 Million

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, ...
/ / Finance and M&A, Solar
By 2050, 69% of Grid-Connected Power Generation will be from Solar and Wind DNV

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 ...
/ / Other, Renewable Energy
Influence of Salt Spray and High Humidity Environments on Solar PV Systems

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 ...
/ / Other, Sponsored News
Rajasthan Approves Net Metering for Rooftop Solar Capacity up to 500 kW

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 ...
/ / Markets & Policy, Solar
Funding and M&A Roundup: Solar EPC Company iSun Acquires SunCommon for $40 Million

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, ...
/ / Finance and M&A, Solar
Project Finance Brief: Statkraft to Sell 4 Co-Located Solar Projects of 234 MW Capacity

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 ...
/ / Finance and M&A, Solar
Renewable Energy Developer Altus Power to Go Public in a SPAC Deal (1)

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 ...
/ / Finance and M&A, Other
Battery Analytics Company ACCURE Secures $8 Million Funding

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 ...
/ / Energy Storage, Market & Policy
Ukraine Announces Amendments to Renewable Energy Laws

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 ...
/ / Other, Renewable Energy
Solar Projects With ₹7.01/kWh Tariff Face Higher Curtailment in Tamil Nadu: POSOCO

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 ...
/ / Markets & Policy, Solar
Hydropower Purchase Obligation to be Added to Rajasthan’s RPO Targets

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 ...
/ / Other, Renewable Energy
Funding and M&A Roundup: Quanta Services to Acquire Blattner for $2.7 Billion

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, ...
/ / Finance and M&A, Solar
Project Finance Brief: TransAlta Renewables Acquires a 122 MW Solar Portfolio

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, ...
/ / Finance and M&A, Solar
Using Hydrogen to Economically Backup Wind and Solar Power: MIT Research

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 ...
/ / Energy Efficiency, Other
SIMA Launches Energy Access Relief Fund to Support Off-Grid Solar Companies

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 ...
/ / Markets & Policy, Solar
Sweden's Rooftop Solar Installer Soltech Acquires Major Stake in a Roofing Company

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 ...
/ / Finance and M&A, Solar
Funding and M&A Roundup Battery Storage Company Form Energy Raises $240 Million

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 ...
/ / Finance and M&A, Other
FlexGen Receives $150 Million Funding from Apollo Global Management Affiliates

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, ...
/ / Energy Storage, Market & Policy