Author Archives: Staff
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 ...
Project Finance Brief: Enel Green Acquires 519 MW Solar Portfolio from Arena Power
Endesa, through its renewable energy company Enel Green Power Espana (EGPE), has acquired a solar PV portfolio of 519 MW from the Spanish developer Arena Power. The portfolio includes 11 ...
Funding and M&A Roundup: EDP Renewables Acquires a Majority Stake in C2 Omega
EDP Renewables, through its fully owned subsidiary EDP Renewables North America, has closed its acquisition of a majority interest in C2 Omega, the distributed solar platform of C2 Energy Capital ...
Project Finance Brief: Adapture Renewables Acquires an 81 MW Solar Project from Q CELLS
The African Development Bank (AfDB)'s board of directors has approved $27.2 million in loan financing for the design, construction, and operation of a 200 MW solar project at Kom Ombo ...
Project Finance Brief: China Three Gorges to Acquire 400 MW of Solar and Wind Portfolio
Spanish solar project developer Solaria Energia y Medio Ambiente has signed an agreement with Dutch lender Rabobank for financing 150 MW of solar projects in Spain. This agreement also includes ...
Funding and M&A Roundup: Shell to Acquire Renewable Power Trader Next Kraftwerke
Shell will acquire 100% of Next Kraftwerke's shares, subject to approval by the regulators. As a part of the Renewables & Energy Solutions division at Shell, the German power trader ...
Anti-Grid Surger in Rooftop Solar Systems a Must
In a residential or commercial and industrial rooftop solar system, the focus is usually on preventing a lightning strike surge. What cannot be ignored also is short-circuiting linked to the ...
Offshore Wind Segment to be the New Hiring Haven for Energy Jobs: Report
The offshore wind energy segment will be the new hiring haven for energy jobs, according to Rystad Energy analysis. Demand for offshore wind staff will triple by the end of ...
Funding and M&A Roundup: Battery Maker Enevate Secures $81 Million in Funding
Volta Energy Technologies, an investor in battery and energy storage technologies, has announced an initial closing on its venture fund focused on batteries, energy storage, and related hardware and software ...
