Other

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SJVN’s Heat and Power Generating Green Hydrogen Project Starts Operation

SJVN has started the commercial operation of its multi-purpose (combined heat and power) green hydrogen pilot project at its 1.5 GW Nathpa Jhakri hydropower project in...

April 26, 2024

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Staff

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Renewable Energy
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REC Avails $388 Million Loan from SACE for Green Energy Projects

Public infrastructure finance company REC Limited has availed a green loan of ¥60.5 billion (~$387.6 million) from SACE, an Italian export credit agency, to finance a...

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Daily News Wrap-Up: RUMSL Invites Bids to Develop 170 MW Solar Project

Rewa Ultra Mega Solar (RUMSL) has issued a request for proposal to develop a 170 MW grid-connected ground-mounted solar photovoltaic project in the Neemuch Solar Park in...

April 26, 2024

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Mercom Staff

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Daily Wrap-up
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Captive Segment Growth Drives KPI Green’s Profit Up 36% in Q4 FY24

Renewable energy solutions provider KPI Green Energy posted a revenue of ₹2.93 billion (~$35.16 million) in the fourth quarter (Q4) of the financial year (FY) 2023-24,...

April 26, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Daily News Wrap-Up: China Installs 46 GW Solar Capacity in Q1 2024

China installed 45.74 GW of solar power capacity in the first quarter of 2024, a 35.8% year-over-year growth, according to the National Energy Administration. The...

April 25, 2024

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Mercom Staff

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Daily Wrap-up
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NextEra Energy’s Q1 Profit Rises 12%, Expects Higher Demand from Data Centers

U.S.-based renewables firm NextEra Energy said its first-quarter net income rose 12% year-over-year to $2.27 billion and that it expects data centers to drive...

April 24, 2024

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Staff

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Finance and M&A
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Tesla’s EV Sales Drop, Energy Storage Revenues Surge in Q1 2024

U.S.-based electric vehicle (EV) maker Tesla reported a total revenue of $ 21.3 billion in the first quarter (Q1) of the financial year (FY) 2024, a 9% year-over-year...

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Funding and M&A Roundup: EV Charging Firm SWTCH Raises $27 Million

From: Mercom Capital Group SWTCH Energy, an electric vehicle (EV) charging and energy management solution provider, has closed $27.2 Million in Series B Funding led by...

April 24, 2024

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Staff

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Finance and M&A

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Other
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Daily News Wrap-Up: Seven Companies in Race for 10 GWh ACC Capacity Under PLI

The Ministry of Heavy Industries’ tender to select manufacturers for Advanced Chemistry Cells under the Production Linked Incentive program has garnered bids seven times...

April 24, 2024

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Solar Sector Records 81% Drop in VC Funding in Q1

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

April 23, 2024

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Mercom Staff

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Daily Wrap-up
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Sterling and Wilson Posts Profit After 3 Years, Benefits from Falling Module Prices

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy, reported a net profit of ₹10 million (~$120,...

April 22, 2024

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Staff

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Finance and M&A
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High Interest Rates Affect Subsidies, Capital Costs of Renewables: Report

The pace of global transition to low-carbon technologies could be adversely impacted with the ‘zero era’ for interest rates ending, a Wood Mackenzie report...

April 22, 2024

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Staff

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Renewable Energy
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Daily News Wrap-Up: RECPDCL’s Tender for 223 MW Solar Projects

REC Power Development and Consultancy has floated a tender to set up 223 MW Inter-State Transmission System-connected solar power projects anywhere in India. The...

April 22, 2024

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Mercom Staff

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Daily Wrap-up
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Clean Energy Tech Firm Ecozen Raises $30 Million for Global Expansion

Ecozen, a Pune-based startup focused on clean technology solutions for agriculture, has raised $30 million in a new funding round to accelerate its growth and global...

April 19, 2024

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Staff

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Finance and M&A

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Solar
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Daily News Wrap-Up: Application Process for ALMM Inclusion and Renewal

The recent reimposition of the Approved List of Models and Manufacturers (ALMM) regulation by the Ministry of New and Renewable Energy (MNRE) has once again raised...

April 19, 2024

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Mercom Staff

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Daily Wrap-up

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