Daily News Wrap-Up: Bloomberg and Goldman Sachs Launch Climate Innovation Fund

Daily News Wrap-Up: Bloomberg and Goldman Sachs Launch Climate Innovation Fund

Here are some noteworthy cleantech announcements of the day from around the world: Bloomberg Philanthropies and Goldman Sachs launched the Climate Innovation Fund to support sustainable low-carbon economic development in ...
/ / Other, Renewable Energy
Adani Group to Invest $20 Billion in Renewable Energy, Foray into Green Hydrogen (1)

Adani Group to Invest $20 Billion in Renewable Energy, Foray into Green Hydrogen

The Adani Group will invest $20 billion in renewable energy generation and component manufacturing over the next ten years and produce the world's cheapest green electron, its Chairman Gautam Adani ...
/ / Finance and M&A, Other
APTEL Directs DISCOM to Maintain Financial Discipline, Pay Power Generators on Time

APTEL Directs DISCOM to Maintain Financial Discipline, Pay Power Generators on Time

The Appellate Tribunal for Electricity (APTEL), in a recent order, dismissed the application filed by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) and directed the State Electricity Regulatory Commission ...
/ / Other, Wind
Daily News Wrap-Up World's First Long-Range Solar Car Maker has Raised $110 Million (1)

Daily News Wrap-Up: World’s First Long-Range Solar Car Maker has Raised $110 Million

Here are some noteworthy cleantech announcements of the day from around the world: Long-range solar car developer, Lightyear, has announced that it has raised $110 million in funding in 2021 ...
/ / Other, Renewable Energy
India Installs 521 MW of Rooftop Solar Capacity in Q2 2021, the Highest in a Quarter

India Installs 521 MW of Rooftop Solar Capacity in Q2 2021, the Highest in a Quarter

India marked a 53% quarter-over-quarter (QoQ) increase in rooftop solar installations in the second quarter (Q2) of 2021, the highest for any quarter, with 521 MW installations compared to 341 ...
/ / Mercom Research Focus, Other
Daily News Wrap-Up: Tender for Long-Term Supply of Ethanol Receives 197 Bids

Daily News Wrap-Up: Tender for Long-Term Supply of Ethanol Receives 197 Bids

Here are some noteworthy cleantech announcements of the day from around the world: The first Expression of Interest (EoI) for a long-term agreement to supply ethanol has received bids from ...
/ / Other, Renewable Energy
Tamil Nadu DISCOM Asked to Pay Interest Dues to Three Wind Energy Generators

Tamil Nadu DISCOM Asked to Pay Interest Dues to Three Wind Energy Generators

The Tamil Nadu Electricity Regulatory Commission (TNERC), in a recent order, directed the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) to pay 1% interest per month for delayed payment to ...
/ / Other, Wind
Daily News Wrap-Up: Rosatom to Build 3 GWh Li-ion Battery Manufacturing Plant

Daily News Wrap-Up: Rosatom to Build 3 GWh Li-ion Battery Manufacturing Plant

Here are some noteworthy cleantech announcements of the day from around the world: Russian state-owned Rosatom State Nuclear Energy (Rosatom) has announced it will build its 3 GWh lithium-ion battery ...
/ / Other, Renewable Energy
Power Finance Corporation Issues India's First-Ever Euro-Denominated Green Bond

Power Finance Corporation Issues India’s First-Ever Euro-Denominated Green Bond

Power Finance Corporation Ltd (PFC), a financial institution under the Ministry of Finance, issued its maiden Euro Green Bond of £300 million (~$353 million) under the U.S. Global Medium Term ...
/ / Finance and M&A, Other
Daily News Wrap-Up POWERGRID Infuses ₹4.07 billion in EESL

Daily News Wrap-Up: POWERGRID Infuses ₹4.07 Billion in EESL

Here are some noteworthy cleantech announcements of the day from around the world: Power Grid Corporation of India, an Indian State-owned electric utility, has infused ₹4.07 billion  (~$55.35 million) in ...
/ / Other, Renewable Energy
Tariffs of Manufacturing-Linked Solar Projects Reduced to ₹2.54/kWh from ₹2.92/kWh

Tariffs of Manufacturing-Linked Solar Projects Reduced to ₹2.54/kWh from ₹2.92/kWh

The tariff of ₹2.92 (~$0.04)/kWh discovered in the manufacturing-linked solar projects auction held in January last year has now been reduced to ₹2.54 (~$0.034)/kWh. Adani Green Energy (AGEL) and Azure ...
/ / Mercom Research Focus, Other
EnerVenue Secures $100 Million for its Metal-Hydrogen Batteries

EnerVenue Secures $100 Million for its Metal-Hydrogen Batteries

US-based renewable storage battery manufacturer EnerVenue has raised $100 million in Series A funding led by Schlumberger New Energy. EnerVenue is said to be the first company to bring metal-hydrogen batteries to the ...
/ / Finance and M&A, Other
The UK Infuses £265 Million to Support Renewable Energy Projects

The UK Infuses £265 Million to Support Renewable Energy Projects

The U.K. Government will infuse £265 million (~$366 million) to support renewable energy projects in the upcoming Contracts for Difference (CfD) auction. CfDs are 15-year private contracts between renewable energy ...
/ / Other, Renewable Energy
India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report

India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report

The latest BRICS Energy Technology Report 2021 states that India will account for one-fifth (20%) of the global renewable energy deployment target for 2030. Solar and wind power generation has been ...
/ / Other, Renewable Energy
Daily News Wrap-Up: APICORP Releases ESG Framework, to Invest $1 Billion in Green Energy

Daily News Wrap-Up: APICORP Releases ESG Framework, to Invest $1 Billion in Green Energy

Here are some noteworthy cleantech announcements of the day from around the world: The Arab Petroleum Investments Corporation (APICORP) unveiled its new environmental, social, and governance (ESG) policy framework to ...
/ / Other, Renewable Energy
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
US to Provide Grants to Generators Increasing the Share of Renewables in Power Portfolio

US to Provide Grants to Generators Increasing the Share of Renewables in Power Portfolio

The United States House Committee on Energy and Commerce has proposed establishing a new program - Clean Electricity Performance Program (CEPP), that provides grants for power companies that increase their ...
/ / Other, Renewable Energy
Daily News Wrap-Up: World Bank Lends $380M to Indonesian Pumped Hydro Storage Plant

Daily News Wrap-Up: World Bank Lends $380M to Indonesian Pumped Hydro Storage Plant

Here are some noteworthy cleantech announcements of the day from around the world: World Bank has approved a $380 million loan to support the 1,040 MW Upper Cisokan pumped hydro ...
/ / 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
Daily News Wrap-Up:  ReNew Power Commissions a 250 MW Solar Project in Rajasthan

Daily News Wrap-Up: ReNew Power Commissions a 250 MW Solar Project in Rajasthan

Here are some noteworthy cleantech announcements of the day from around the world: Independent power producer ReNew Power commissioned a 250 MW capacity of its Interstate Transmission System (ISTS) solar ...
/ / Other, Renewable Energy
New Coal Plants to Exhaust ₹2.47 Trillion, Investing in Renewables Can Save ₹432 Billion

New Coal Plants to Exhaust ₹2.47 Trillion, Investing in Renewables Can Save ₹432 Billion

According to the latest report published by the energy think tank Ember and Climate Risk Horizons, 27 GW of proposed new coal power plants in India could deplete scarce public ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Lodha Group and Tata Power Partner to Provide EV Charging in Mumbai

Daily News Wrap-Up: Lodha Group and Tata Power Partner to Provide EV Charging in Mumbai

Here are some noteworthy cleantech announcements of the day from around the world: Real estate developer Lodha Group has partnered with Tata Power to provide EV charging solutions in all ...
/ / Other, Renewable Energy
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
Multi-Year Tariffs Crucial For Visibility and Growth of Open Access Solar Market

Multi-Year Tariffs Crucial for Visibility and Growth of Open Access Solar Market

The open access solar market is steadily growing in India, providing a viable alternative for developers who do not wish to participate in extremely competitive auctions for large-scale projects or ...
/ / Mercom Research Focus, Other
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