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 ...
Daily News Wrap-Up: EDF and NTPC to Develop Power Projects Globally

Daily News Wrap-Up: EDF and NTPC to Develop Power Projects Globally

Here are some noteworthy cleantech announcements of the day from around the world: Independent power producers, Électricité de France S.A. and NTPC, signed a memorandum of understanding (MoU) to explore ...
/ / Other, Renewable Energy
Ample Coal Available to Meet the Demand of Power Plants, Assures Power Ministry

Ample Coal Available to Meet the Demand of Power Plants, Assures Power Ministry

Coal India has ample coal available to meet the demand of power plants, and any fear of power supply disruptions is ‘entirely misplaced,’ the Ministry of Power has announced in ...
/ / Other, Other Energy
Zinc Battery Manufacturer Eos Energy Raises $25 Million to Expand Production

Zinc Battery Manufacturer Eos Energy Raises $25 Million to Expand Production

Eos Energy Enterprises, a U.S.-based zinc-powered energy storage systems provider, announced that its wholly-owned subsidiary HI-POWER had signed a $25 million equity financing agreement with Trinity Capital. The funding will be ...
/ / Finance and M&A, Other
Fortescue Buys 60% Stake in Green Hydrogen Firm HyET, Finances Solar Module Facility

Fortescue Buys 60% Stake in Green Hydrogen Firm HyET, Finances Solar Module Facility

Australia-based Fortescue Future Industries (FFI) has acquired a 60 % stake in the Dutch-based High yield Energy Technologies (HyET) Group. FFI also provided the majority share of financing for expanding ...
/ / Finance and M&A, Other
Daily News Wrap-Up Ministry of Power Releases Cybersecurity Guidelines for Utilities

Daily News Wrap-Up: Ministry of Power Releases Cybersecurity Guidelines for Utilities

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of Power has released guidelines for cybersecurity in the power sector to keep the industry ...
/ / Other, Renewable Energy
Federal Bank to Discontinue Financing New Coal Projects

Federal Bank to Discontinue Financing New Coal Projects

Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) ...
/ / Finance and M&A, Other
US Had a Pipeline of 160 GW for Solar Projects With Battery Storage at the end of 2020

US Had a Pipeline of 160 GW for Solar Projects With Battery Storage at the End of 2020

According to a recently released report by Lawrence Berkeley National Laboratory (LBNL), the pipeline of solar capacity in the U.S. at the end of 2020 was around 460 GW. Of ...
/ / Other, Renewable Energy
If Coal Shortage Impacts Power Consumption, Can Solar Save The Day

If Coal Shortage Impacts Power Consumption, Can Solar Save the Day?

India is seeing a surge in power demand, with industrial and economic activity picking up pace in the past few months. But thermal power plants are in a crisis as ...
/ / Mercom Research Focus, Other
Daily News Wrap-Up: GE Renewable Energy to Supply Wind Turbines for JSW's Projects

Daily News Wrap-Up: GE Renewable Energy to Supply Wind Turbines for JSW’s Projects

Here are some noteworthy cleantech announcements of the day from around the world: GE Renewable Energy will supply 810 MW of onshore wind turbines for JSW Energy's projects in India ...
/ / Other, Renewable Energy
Solar Auctions Activity Increases in Q3 2021 While Tenders Slowed

Solar Auctions Activity Increases in Q3 2021 While Tenders Slowed

Government agencies announced tenders for 5.8 GW of solar projects in the third quarter (Q3) of the calendar year (CY) 2021, a 31% decline compared to 8.5 GW in the previous ...
Daily News Wrap-Up: Germany to Contribute €100 Million for Sustainable Energy in Africa

Daily News Wrap-Up: Germany to Contribute €100 Million for Sustainable Energy in Africa

Here are some noteworthy cleantech announcements of the day from around the world: Germany will contribute €100 million (~$115.45 million) to the African Development Bank's Sustainable Energy Fund for Africa ...
/ / Other, Renewable Energy
Rajasthan Is Now the Top Solar State in India with 8.2 GW of Installed Capacity

Rajasthan is Now the Top Solar State in India With 8.2 GW of Installed Capacity

Rajasthan is now the top state in solar installations overtaking Karnataka at the end of the third quarter of the calendar year (CY) 2021. At the end of September, the ...
Researchers Claim to Have Developed a Reactor for Cost-Effective Hydrogen Production

Researchers Claim to Have Developed a Reactor for Cost-Effective Hydrogen Production

A team of scientists from the Institute of Nano Science and Technology (INST) Mohali claimed to have developed a prototype reactor that operates under natural sunlight to produce around 6.1 ...
/ / Energy Efficiency, Other
Daily News Wrap-Up: Emmvee to Set Up a 3 GW Solar Module and Cell Manufacturing Facility

Daily News Wrap-Up: Emmvee to Set Up a 3 GW Solar Module and Cell Manufacturing Facility

Here are some noteworthy cleantech announcements of the day from around the world: Bangalore-based solar module manufacturer Emmvee has signed a memorandum of understanding (MoU) with the Karnataka government to ...
/ / Other, Renewable Energy
Domestic Content Requirement - Helping or Hurting KUSUM Solar Pump Program

Domestic Content Requirement – Helping or Hurting KUSUM Solar Pump Program?

The Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM) program was announced by the government to provide financial and water security to farmers by mobilizing solar projects and solar-powered water ...
China was Second-Largest Source of Green Bond Issuance in 2020

China was Second-Largest Source of Green Bond Issuance in 2020

A report released by Climate Bonds Initiative (CBI) and China Central Depository & Clearing Research Centre (CCDC Research) has said that China was the second-largest source of green bond issuance ...
/ / Finance and M&A, Other
Air Liquide, Total to Launch World’s Largest Fund for Clean Hydrogen Solutions

Air Liquide, Total to Launch World’s Largest Fund for Clean Hydrogen Solutions

Air Liquide, TotalEnergies, VINCI, and other international companies have come together to sponsor the creation of the world’s largest fund exclusively dedicated to clean hydrogen infrastructure solutions. The fund aims to raise ...
/ / Finance and M&A, Other