Heavy Penalty Prompts DISCOMs to Clear Dues Worth ₹246.8 billion Since June

Heavy Penalty Prompts DISCOMs to Clear Dues Worth ₹246.8 billion Since June

The prospect of heavy penalties on delayed payments has prompted the state-owned power distribution companies (DISCOMs) to clear outstanding dues worth ₹246.8 billion (~$3.04 billion) in just four installments, the ...
/ / Other, Renewable Energy
Month in a Minute Top Headlines from Indian Renewable Sector in November 2022

Month in a Minute: Top Headlines from Indian Renewable Sector in November 2022

Here is a recap of important headlines from November 2022: India generated around 70.24 billion units (BU) of solar power in the first nine months (9M) of the calendar year ...
/ / Other, Renewable Energy
Maharashtra Regulator Allows Procurement of 500 MW of Round-the-Clock Power

Maharashtra Regulator Allows Procurement of 500 MW of Round-the-Clock Power

The Maharashtra Electricity Regulatory Commission (MERC) has allowed Adani Electricity Mumbai-Distribution to buy 250 MW of renewable energy on a round-the-clock basis from grid-connected projects through competitive bidding. The approval ...
/ / Other, Renewable Energy
Larsen & Toubro Secures $107 Million Sustainability-Linked Loan from Sumitomo

Larsen & Toubro Secures $107 Million Sustainability-Linked Loan from Sumitomo

Mumbai-based multinational conglomerate Larsen & Toubro (L&T) said it has closed a three-year $107 million sustainability-linked loan (SLL) from Sumitomo Mitsui Banking Corporation (SMBC). The company said the loan underscores ...
Tata Power Renewable Energy Wins 255 MW Wind-Solar Hybrid Auction

Tata Power Renewable Energy Wins 255 MW Wind-Solar Hybrid Auction

Tata Power Renewable Energy (TPREL) was declared the winner in Tata Power Delhi Distribution’s (TPDDL) auction for 255 MW wind-solar hybrid power projects. The company has quoted a price of ...
US Corporates Installed 19 GW of Onsite & Offsite Solar Capacity Through June 2022

US Corporates Installed 19 GW of Solar Capacity Through June 2022

Corporates in the United States installed nearly 19 GW of onsite and offsite solar capacity cumulatively till June 2022. This includes 25 leading U.S.-based companies like Meta, Amazon, and Walmart ...
/ / Other, Renewable Energy
Adani Green Raises a Yen-Denominated $205 Million Facility to Refinance Debt

Adani Green Raises a Yen-Denominated $205 Million Facility to Refinance Debt

Adani Green Energy (AGEL), through its subsidiary Adani Solar Energy AP Six, has raised a project loan facility of ¥27.95 billion (~$205.31 million) to help refinance its debt. The facility ...
Daily News Wrap-up: Switch Mobility to Deliver 71 Buses for JSW’s Employee Transportation

Daily News Wrap-up: Switch Mobility to Deliver 71 Electric Buses for JSW Steel

Here are some noteworthy cleantech announcements of the day from around the world: Switch Mobility, an electric bus and light commercial vehicle company, has partnered with JSW to introduce electric ...
/ / Other, Renewable Energy
Pune Municipal Corporation Invites Bids to Set Up Electric Vehicle Charging Stations

Pune Municipal Corporation Invites Bids to Set Up Electric Vehicle Charging Stations

Pune Municipal Corporation (PMC) invites proposals for the commissioning, operation, and maintenance of electric vehicle (EV) charging stations for the public at designated locations in Pune. PMC has issued a ...
Carbon Capture Key to Sustainable Development and Growth in India: NITI Aayog

Carbon Capture Key to Sustainable Development and Growth in India: NITI Aayog

Government think-tank NITI Aayog’s latest study finds that carbon capture utilization and storage (CCUS) is key to ensuring sustainable development and growth in India, particularly for producing clean energy. CCUS ...
/ / Other, Renewable Energy
Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts

Inox Wind, Inox Green Energy Repay ₹4.11 Billion in Debts

Inox Wind and its subsidiary Inox Green Energy Services repaid debts of ₹1.61 billion (~$19.73 million) and ₹2.5 billion (~$30.63 million), respectively, as part of the strategic initiative to deleverage ...
/ / Other, Wind
Goa Invites Bids to Set Up 40 Electric Vehicle Charging Stations

Goa Invites Bids to Set Up 40 Electric Vehicle Charging Stations

Goa Energy Development Agency (GEDA) invites expressions of interest cum bids for the commissioning, operation, and maintenance of 40 electric vehicle (EV) charging stations at various locations in Goa. The ...
UK’s Energy Storage Sector Gets £32 Million to Develop Innovative Technologies

UK’s Energy Storage Sector Gets £32 Million to Develop Innovative Technologies

The UK government has announced £32.9 million (~$39.4 million) funding for projects in the country that are developing innovative energy-storage system (ESS) technologies to strengthen the national power grid. Five ...
/ / Other, Renewable Energy
Funding and M&A Roundup Swell Energy Raises $120 Million for Virtual Power Plants

Funding and M&A Roundup: Swell Energy Raises $120 Million for Virtual Power Plants

From: Mercom Capital Group Swell Energy, a provider of virtual power plant (VPP) programs for homeowners and businesses, raised $120 million to accelerate the deployment of its offerings across the United States. SoftBank ...
/ / Finance and M&A, Other
Daily News Wrap-Up Black & Veatch to Help Develop 2 GW of Solar and Battery Storage

Daily News Wrap-Up: Black & Veatch to Help Develop 2 GW of Solar and Battery Storage

Here are some noteworthy cleantech announcements of the day from around the world: U.S.-based engineering, procurement, and construction firm Black & Veatch has been awarded a lead role in developing ...
/ / Other, Renewable Energy
Storage Startup Gravitricity Secures £194,000 for Tech Demonstration in India

Storage Startup Gravitricity Secures £194,000 for Tech Demonstration in India

Edinburgh-based storage startup Gravitricity has secured £194,000 ($233,174) from the United Kingdom government to find demonstration sites in India suitable for their gravity energy storage technology. The project aims to ...
/ / Other, Renewable Energy
Shell Buys Renewable Natural Gas Producer Nature Energy for $2 Billion

Shell Buys Renewable Natural Gas Producer Nature Energy for $2 Billion

Shell Petroleum, a wholly owned subsidiary of Shell plc, said it would acquire Denmark-based biogas producer Nature Energy for nearly $2 billion as it seeks to boost its low-carbon business ...
/ / Other, Renewable Energy
US to Help Underserved Communities with $550 Million Clean Energy Fund

US to Help Underserved Communities with $550 Million Clean Energy Fund

The U.S. Department of Energy (DOE) has launched the Energy Efficiency and Conservation Block Grant (EECBG) program, which provides $550 million in renewable energy funding for 2,700 diverse communities in ...
/ / Other, Renewable Energy
Daily News Wrap-UP: Waaree Bags EPC Contract for a 52.5 MW Solar Project

Daily News Wrap-UP: Waaree Bags EPC Contract for a 52.5 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Waaree Renewable Technologies, the engineering, procurement, and construction (EPC) arm of Waaree Group, announced that the company ...
/ / Other, Renewable Energy
Ireland to Mandate Renewable Energy Share in Heat Sector by 2024

Ireland to Mandate Renewable Energy Share in Heat Sector by 2024

Ireland's government will make it mandatory for the heat sector to include a share of renewable energy in their services by 2024. Currently, the country's heating sector is substantially behind ...
/ / Other, Renewable Energy
HealthCare Global Enterprises Installs 2.25 MW Solar Project to Save Energy Costs

HealthCare Global Enterprises Installs 2.25 MW Solar Project to Save Energy Costs

Healthcare Global Enterprises Limited (HCG), which runs cancer care centers among other health facilities, has installed a 2.25 MW solar power project in Jagaluru village in the Davanagere district of ...
/ / Other, Renewable Energy
EU to Speed Up Permissions and Deployment of Renewable Projects

EU to Speed Up Permissions and Deployment of Renewable Projects

The European Union energy ministers have agreed on a temporary framework, valid for 18 months, to accelerate the permit-granting process and the deployment of renewable energy projects. The European Council ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Google Signs 5 TWh PPA with Engie for Offshore Wind Farm

Daily News Wrap-Up: Google Signs 5 TWh PPA with Engie for Offshore Wind Farm

Here are some noteworthy cleantech announcements of the day from around the world: ENGIE and Google will undertake a 12-year 100 MW corporate power purchase agreement supporting Moray West offshore ...
/ / Other, Renewable Energy
Transitioning to Green Energy Can Result in Significant Carbon Emissions: Study

Study Says Faster Renewable Adoption Can Cut Emissions by Half

A new study by Columbia University reveals that building the infrastructure for cleaner energy generation will by itself create carbon emissions. A huge chunk of the energy required for the ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Uttar Pradesh to Install 22 GW Solar Capacity by FY27

Daily News Wrap-Up: Uttar Pradesh to Install 22 GW Solar Capacity by FY27

Here are some noteworthy cleantech announcements of the day from around the world: The Uttar Pradesh Government approved the 'Solar Energy Policy, 2022,' revising its proposed target upwards to 22 ...
/ / Other, Renewable Energy