Investment of Over $710 Million Planned to Enhance IKEA’s Sustainability Commitment

Investment of Over $710 Million Planned to Enhance IKEA’s Sustainability Commitment

Netherlands-based Ingka Group announced its plans to invest €600 million (~$710 million) over the coming year to help IKEA, its subsidiary, keep its commitment to become climate positive by 2030 ...
/ / Finance and M&A, Other
France to Invest Over $35 Billion to Boost the Economy Through Renewables

France to Invest Over $35 Billion to Boost the Economy Through Renewables

France has announced its plans to invest €100 billion (~$118.4 billion) to retrieve the economy from the damage caused by the COVID-19 pandemic. As part of its 'France Relance' (France ...
/ / Finance and M&A, Other
Daily News Wrap-Up_ Power Roll’s New Solar Mini-Grid to Power Himalayan Village

Daily News Wrap-Up: Power Roll’s New Solar Mini-Grid to Power Himalayan Village

Here are some noteworthy cleantech announcements of the day from around the world: NTPC Limited has plans to add over 5 GW of solar capacity in the next two years ...
/ / Other, Renewable Energy
EV Startup Ultraviolette Automotive Secures ₹300 Million from TVS Motors

EV Startup Ultraviolette Automotive Secures ₹300 Million from TVS Motors

Ultraviolette Automotive Private Limited, a Bangalore-based electric vehicle (EVs) startup, announced that it had secured ₹300 million (~$4.08 million) from TVS Motor Company in a Series B funding round. TVS ...
/ / Finance and M&A, Other
EESL to Buy 250 EVs from Tata and Hyundai to Upgrade Government’s Fleet

EESL to Buy 250 EVs from Tata and Hyundai to Upgrade Government’s Fleet

The Energy Efficiency Services Limited (EESL) announced its plans to acquire 250 electric vehicles (EVs) from Tata Motors and Hyundai Motor India for use by the Indian Government. Tata Motors will supply 150 of ...
/ / Finance and M&A, Other
Andhra_ Bids Invited for Detailed Report to Set Up 6.3 GW of Pumped Storage Hydro Projects

Andhra: Bids Invited for Detailed Report to Set Up 6.3 GW of Pumped Storage Hydro Projects

The New and Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP) has invited bids for preparing a pre-feasibility report and a detailed project report (DPR) for the proposed 6.3 ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Uber Commits to Become Zero-Emission Fleet by 2040

Daily News Wrap-Up: Uber Commits to Become Zero-Emission Fleet by 2040

Here are some noteworthy cleantech announcements of the day from around the world: Uber has committed to becoming a fully zero-emission platform by 2040, with all of its rides in ...
/ / Other, Renewable Energy
Shutting Down Old & Under-Construction Coal Projects Could Save ₹1.1 Trillion: Report

Shutting Down Old & Under-Construction Coal Projects Could Save ₹1.1 Trillion: Report

In India, shutting down 20-year or older coal-fired power projects and scrapping under-construction thermal power projects could save the government, power distribution utilities, and consumers almost ₹1.1 trillion (~$15 billion), ...
/ / Other, Other Energy
COVID or Not, Indian EV Startups Continue to Push Forward

COVID or Not, Indian EV Startups Continue to Push Forward

Historically, mobility and fossil fuels have been inextricably linked, and electric vehicles (EVs) have been on the fringes relevant only in a few niche markets. But with climate change taking ...
/ / Mercom Research Focus, Other
EV Ride-Hailing Platform BluSmart Secures ₹510 Million

EV Ride-Hailing Platform BluSmart Secures ₹510 Million

BluSmart, an electric ride-hailing platform, announced that it secured ₹510 million (~$6.89 million) in its pre-series A funding round from multiple investors. According to its press release, investors like Inflection ...
/ / Finance and M&A, Other
EESL Floats Tender for Equipment to Improve Indoor Air Quality at Government Offices (1)

EESL Floats Tender for Equipment to Improve Indoor Air Quality at Government Offices

State-owned Energy Efficiency Services Limited (EESL) has invited bids for installing almost 3.7 million filtration systems to be fitted with air-conditioners and ventilation equipment in government office buildings. It is ...
/ / Energy Efficiency, Other
Daily News Wrap-Up_ Total Forms JV to Manufacture Lithium-Ion Batteries in Europe

Daily News Wrap-Up: Total Forms JV to Manufacture Lithium-ion Batteries in Europe

Here are some noteworthy cleantech announcements of the day from around the world: Neoen, a France-based renewable energy company, has been awarded a 14-year contract to supply 100 MW of ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Sterling & Wilson Bags 300 MW of Solar Projects in Australia

Daily News Wrap-Up: Sterling & Wilson Bags 300 MW of Solar Projects in Australia

Here are some noteworthy cleantech announcements of the day from around the world: Sterling and Wilson Solar Limited, a Shapoorji Pallonji Group company, has secured an order worth 300 million ...
/ / Other, Renewable Energy
Thermal Units May Recover Pollution Control Retrofit Costs Over 25 Years, Suggests CERC

Thermal Units May Recover Pollution Control Retrofit Costs Over 25 Years, Suggests CERC

Thermal power projects retrofitting pollution control systems on commissioned units will be allowed to recover their costs in parts from buyers during the tenure of power purchase agreements, Central Electricity ...
/ / Other, Other Energy
Funding and M&A Roundup_ Indian Lithium-ion battery Maker Grinntech Raised $2 million

Funding and M&A Roundup: Indian Lithium-ion battery Maker Grinntech Raised $2 Million

Here is a roundup of corporate funding and M&A deals from last week covering the global renewable energy industry: SenseHawk, a SaaS platform that helps customers develop, build, and operate ...
/ / Finance and M&A, Other
Daily News Wrap-Up_ Apple to Expand its Renewable Energy Portfolio in Europe

Daily News Wrap-Up: Apple to Expand its Renewable Energy Portfolio in Europe

Here are some noteworthy cleantech announcements of the day from around the world: Global technology giant Apple announced that it would invest in two onshore wind turbines near the Danish ...
/ / Other, Renewable Energy
Project Finance Brief_ Kruger Energy Sells a 523 MW Solar Project Portfolio to Ecoplexus

Project Finance Brief: Kruger Energy Sells a 523 MW Solar Project Portfolio to Ecoplexus

Here are some of the important project finance deals from the global renewable energy industry over the past week: Saudi Arabia's ACWA Power, a developer, owner, and operator of power ...
/ / Finance and M&A, Other
MNRE’s Biomass-Based Cogeneration Program Extended by a Year

MNRE’s Biomass-Based Cogeneration Program Extended by a Year

The Ministry of New and Renewable Energy (MNRE) has extended the validity of its biomass-based cogeneration program. The program has been extended until March 31, 2021, or until the recommendations ...
/ / Biofuel, Other
Gas Authority of India Has Several Renewable Projects in the Offing

Gas Authority of India Has Several Renewable Projects in the Offing

Gas Authority of India Limited (GAIL) submitted its Annual Report for 2019-20 that sheds light on GAIL's ambitions and accomplishments in the renewable energy sector. According to GAIL, its total ...
/ / Other, Renewable Energy
UN Secretary-General Calls on India to Take Lead in Global Transformation to Renewables

UN Secretary-General Calls on India to Take Lead in Global Transformation to Renewables

United Nations Secretary-General, António Guterres, called on India to take the lead in transforming global economic, energy, and health systems to save lives, create inclusive economies, and avert the threat ...
/ / Other, Renewable Energy
RBI Increases Priority Sector Lending Cap to Renewables by Two-Fold

RBI Increases Priority Sector Lending Cap to Renewables by Two-Fold

The Reserve Bank of India (RBI) has come out with the details for the priority sector lending. The apex bank has increased the lending limit for the renewable sector. The ...
/ / Other, Renewable Energy
Tamil Nadu Commission Directs State DISCOM to Pay ₹6.7 Million in Wind Energy Dues

Tamil Nadu Commission Directs State DISCOM to Pay ₹6.7 Million in Wind Energy Dues

The Tamil Nadu State Electricity Regulatory Commission (TNERC) has ordered the Tamil Nadu Generation and Distribution Company (TANGEDCO) to pay wind generators ₹6.69 million (~$91,586) along with interest at 1% ...
/ / Other, Wind
MERC Examines if Fossil Fuel-Based Cogeneration Projects Can be Exempt from RPO

MERC Examines if Fossil Fuel-Based Cogeneration Projects Can be Exempt from RPO

The Maharashtra Electricity Regulatory Commission (MERC) dismissed JSW Steel Limited’s plea seeking exemption from the requirement to meet its renewable purchase (RPO) targets to the extent of its consumption from ...
/ / Other, Renewable Energy
Solar and Wind Installations Outshine Fossil Fuel-Based Installations in 2019_ Report

Solar and Wind Installations Outshine Fossil Fuel-Based Installations in 2019: Report

As the world embraces renewable energies to combat the disastrous effects of climate change, solar and wind power installations continue to surge despite challenges. BloombergNEF’s (BNEF) Power Transition Trends 2020 ...
/ / Other, Renewable Energy
Month in a Minute_ Top Headlines from India’s Renewable Sector in August 2020

Month in a Minute: Top Headlines from India’s Renewable Sector in August 2020

August saw the India renewable sector trying to come to terms with the new normal in the COVID-19 world. Here is a recap of the month’s most important headlines: Mercom ...
/ / Other, Renewable Energy