Daily News Wrap-Up: Grasim Industries Acquires 26% Stake in Aditya Solar Power

Daily News Wrap-Up: Grasim Industries Acquires 26% Stake in Aditya Solar Power

Here are some noteworthy cleantech announcements of the day from around the world: Grasim Industries Limited, the textile arm of the Aditya Birla Group, has acquired equity shares of ABReL ...
/ / Other, Renewable Energy
Ministry Issues Compensation Rules for Curtailing 'Must Run' Renewable Power

Ministry Issues Compensation Rules for Curtailing ‘Must Run’ Renewable Power

Ministry of Power (MoP) has notified the Electricity (Promotion of Generation of Electricity from Must-Run Power Plant) Rules, 2021. The must-run rules apply to renewable energy projects, and are detailed ...
/ / Other, Renewable Energy
Climate Analytics Provider Jupiter Raises $54 Million in Series C Funding

Climate Analytics Provider Jupiter Raises $54 Million in Series C Funding

Jupiter, a US-based climate analytics company, has raised $54 million in a Series C funding round led by Clearvision Ventures and MPower Partners. CDPQ and the company’s existing investors, including ...
/ / Finance and M&A, Other
Daily News Wrap-Up: Sembcorp and Adani Receive Letter of Award for Wind Projects

Daily News Wrap-Up: Sembcorp and Adani Receive Letter of Award for Wind Projects

Here are some noteworthy cleantech announcements of the day from around the world: Sembcorp Industries' renewables subsidiary Green Infra Wind Energy received the letter of award for the project from ...
/ / Other, Renewable Energy
SUN Mobility Raises $50 Million From Vitol For Accelerating EV Infrastructure

SUN Mobility Raises $50 Million from Vitol for Accelerating EV Infrastructure

Electric vehicle infrastructure and services provider SUN Mobility has raised $50 million from Vitol, a Dutch energy trader and investor in renewable energy companies. The funds raised will be used ...
Daily News Wrap-Up: Heraeus Photovoltaics to Build a New Facility

Daily News Wrap-Up: Heraeus Photovoltaics to Build a New Facility

Here are some noteworthy cleantech announcements of the day from around the world: Solar metallization pastes supplier Heraeus Photovoltaics is building a new facility in Minhang, Shanghai, to meet the ...
/ / Other, Renewable Energy
Carbon Capture Raises $35 Million in Series A Funding

Carbon Capture Raises $35 Million in Series A Funding

Carbon Capture, a climate tech company that makes machines to remove carbon dioxide from the atmosphere, said it had raised $35 million in a Series A funding round. With this ...
/ / Other, Renewable Energy
Saudi Arabia Shortlists Bidders for its 1.2 GW Solar Tender

Saudi Arabia Shortlists Bidders for its 1.2 GW Solar Tender

Saudi Arabia's Ministry of Energy announced the list of bids received from developers to participate in the country's third phase of renewable energy projects. The third phase includes four solar ...
Daily News Wrap-Up: Pfizer to Buy Solar Power From a 310 MW Project in Texas

Daily News Wrap-Up: Pfizer to Buy Solar Power From a 310 MW Project in Texas

Here are some noteworthy cleantech announcements of the day from around the world: Renewables developer Vesper Energy has entered into a virtual power purchase agreement (VPPA) with Pfizer for 310 ...
/ / Other, Renewable Energy
Power Sector Financier REC Limited Secures $75 Million Loan from Sumitomo Mitsui Banking

Power Sector Financier REC Limited Secures $75 Million Loan from Sumitomo Mitsui Banking

REC Limited, a public infrastructure finance company in India’s power sector, has raised a $75 million five-year secured overnight financing rate (SOFR) linked syndicated term loan. Sumitomo Mitsui Banking Corporation ...
/ / Finance and M&A, Other
Daily News Wrap-Up: Lightsource bp Enters Poland Market with a 757 MW Solar Project

Daily News Wrap-Up: Lightsource bp Enters Poland Market with a 757 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Solar developer Lightsource bp has secured its first projects in Poland through a 757 MW co-development deal ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Pfizer to Buy Solar Power From a 310 MW Project in Texas

Corporate Funding for Solar Up 190% YoY With $22.8 Billion in 9M 2021

Global corporate funding in the sector, including venture capital (VC) funding, public market, and debt financing, stood at $22.8 billion in 112 deals in the first nine months (9M) of ...
Daily News Wrap-Up: Sterlite Power to Build Northeastern Transmission Project

Daily News Wrap-Up: Sterlite Power to Build Northeastern Transmission Project

Here are some noteworthy cleantech announcements of the day from around the world: Power transmission infrastructure developer Sterlite Power was awarded the Nangalbibra─ Bongaigaon inter-state power transmission project. Sterlite was ...
/ / Other, Renewable Energy
Energy Market Access Platform Leap Raises $33.5 Million in Series B Funding

Energy Market Access Platform Leap Raises $33.5 Million in Series B Funding

Energy market access platform Leap has raised $33.5 million in equity and debt in Series B funding led by Park West Asset Management, a Northern California-based investment management firm. Existing ...
/ / Finance and M&A, Other
Funding and M&A Roundup Residential Solar Finance Company GoodLeap Raises $800 Million

Funding and M&A Roundup: Residential Solar Finance Company GoodLeap Raises $800 Million

From: Mercom Capital Group GoodLeap (formerly Loanpal) - a California-based solar loan origination platform that finances solar systems and batteries - announced an investment round of more than $800 million, ...
/ / Finance and M&A, Other
Project Finance Brief Globeleq Acquires a 66 MW Solar Project in Egypt

Project Finance Brief: Globeleq Acquires a 66 MW Solar Project in Egypt

From: Mercom Capital Group Globeleq, an independent power company in Africa, has completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MW solar PV project located at ...
/ / Finance and M&A, Other
Daily News Wrap-Up: Tata Motors Partners with Endress+Hauser to Deploy Electric Buses

Daily News Wrap-Up: Tata Motors Partners with Endress+Hauser to Deploy Electric Buses

Here are some noteworthy cleantech announcements of the day from around the world: Tata Motors has partnered with Endress+Hauser Flowtec (India) to deploy electric buses for employee transportation. Endress+Hauser Flowtec ...
/ / Other, Renewable Energy
ENEOS to Acquire 100% Stake in Japan Renewable Energy for ¥200 Billion

ENEOS to Acquire 100% Stake in Japan Renewable Energy for ¥200 Billion

ENEOS Holdings, an oil refiner and distributor, based in Japan, announced that its consolidated subsidiary ENEOS Corporation would acquire a 100% stake in Japan Renewable Energy Corporation (JRE) for ¥200 ...
/ / Finance and M&A, Other
Asian Development Bank Increases its Climate Financing Target to $100 Billion by 2030

Asian Development Bank Increases its Climate Financing Target to $100 Billion by 2030

The Asian Development Bank (ADB) announced that it had raised its climate financing targets for developing member countries to $100 billion from $80 billion for 2019- 2030. The expanded climate ...
/ / Finance and M&A, Other
Daily News Wrap-Up: European Union Issues its First-Ever NextGenerationEU Green Bond

Daily News Wrap-Up: European Union Issues its First-Ever NextGenerationEU Green Bond

Here are some noteworthy cleantech announcements of the day from around the world: The European Union has issued its first-ever NextGenerationEU green bond. The 15-year bond due on February 4, ...
/ / Other, Renewable Energy
Wind Installations in India Rise by 101% with 1.24 GW Added in 9M 2021

Wind Installations in India Rise by 101% with 1.24 GW Added in 9M 2021

India installed 384 MW of wind capacity in the third quarter (Q3) of 2021, a 30% year-over-year (YoY) increase compared to 295 MW installed in the same period last year ...
Tata Motors to Raise $1 Billion for its Passenger Electric Vehicle Subsidiary

Tata Motors to Raise $1 Billion for its Passenger Electric Vehicle Subsidiary

TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, and Abu Dhabi Developmental Holding Company (ADQ) have entered into a binding agreement to invest ₹75 billion ...
Maharashtra Regulator Denies Tariff of ₹3.27kWh for a 100 MW Wind Project

Maharashtra Regulator Denies Tariff of ₹3.27/kWh for a 100 MW Wind Project

The Maharashtra Electricity Regulatory Commission (MERC), in a recent order, rejected Tata Power-Distribution’s petition to adopt a tariff of ₹3.27 (~$0.043)/kWh for a 100 MW wind project. The Commission said ...
/ / Other, Wind
Daily News Wrap-Up MYSUN Wins 140 MW of Captive Open Access Solar Projects

Daily News Wrap-Up: MYSUN Wins 140 MW of Captive Open Access Solar Projects

Here are some noteworthy cleantech announcements of the day from around the world: Distributed solar company MYSUN has won 140 MW of solar projects under the captive open access mode ...
/ / Other, Renewable Energy
Residential Rooftop Karnataka

Installing a Rooftop Solar System on Your Home in Karnataka? Here’s What You Need to Know

Residential rooftop solar installations have been growing in popularity due to the ease of installations and the savings they provide to homeowners. According to Mercom's latest report, India Rooftop Solar ...