Inflation Reduction Act Paves the Way for Faster Transition to Clean Energy in the US
In a significant development, President Joe Biden signed the 'Inflation Reduction Act of 2022,' which the U.S. House of Representatives and the Senate had passed. The Act addresses issues of ...
Telangana DISCOM Directed to Clear Dues to Solar Power Generator
The Telangana State Electricity Regulatory Commission (TSERC) recently directed the state distribution company (DISCOM) to pay for the electricity supplied by a solar power generator along with interest within 45 ...
India Adds Over 7 GW of Solar in a Record First Half of 2022
India installed over 3.9 GW of solar capacity in the second quarter (Q2) of the calendar year (CY) 2022, an increase of 18% compared to 3.3 GW installed in the ...
Vikram Solar Gets SEBI’s Nod to Raise Funds Through Initial Public Offering
Vikram Solar, a solar module manufacturer and EPC solutions provider, has received SEBI’s nod to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue ...
Captive Power Generator Directed to Purchase RECs to Meet RPO Targets
The Uttar Pradesh Electricity Regulatory Commission (UPERC) recently directed a captive power generator to provide details of the energy that had been procured through open access for the financial year ...
Project Finance Brief: Exus to Acquire 20 Solar Projects Totaling 1 GW in Brazil
From: Mercom Capital Group Exus Brasil Investimentos, an asset manager of Exus Management Partners (Exus), has signed a deal to acquire 100% shares of the Riacho da Serra project in Piauí, Brazil, ...
Funding and M&A Roundup: Shell Completes Acquisition of Sprng Energy
From: Mercom Capital Group Shell Overseas Investment, a wholly owned subsidiary of Shell, has completed its 100% acquisition of Solenergi Power and, with it, the Sprng Energy group of companies from Actis Solenergi Limited ...
ALH Insurance Group Acquires 49.9% Stake in 600 MW Solar Portfolio from EnBW
Financial services provider Alte Leipziger Hallesche (ALH Group) is indirectly acquiring 49.9% of a portfolio of sixteen solar farms with a total capacity of 597 MW owned by Energie Baden-Württemberg ...
Ford Motor to Procure 650 MW Solar Energy to Power its Michigan Operations
Automobile major Ford Motor Company will procure 650 MW of new solar energy capacity in Michigan following a clean energy agreement with DTE Energy, a Detroit-based diversified energy company. The ...
EPC Tender Issued for 5 MW Solar with 16 MWh Battery Energy Storage
Karnataka Renewable Energy Development Limited (KREDL) has issued a request for proposal for the selection of an engineering, procurement, and construction (EPC) contractor for the design, engineering, supply, construction, erection, ...
CERC Directs SECI to Compensate Solar Developer for GST Claims
The Central Electricity Regulatory Commission (CERC) recently directed the Solar Energy Corporation of India (SECI) to compensate a solar developer for the additional cost incurred due to the imposition of ...
SolarEdge’s Revenue from Solar Segment Surges 59% YoY in Q2 2022
Israel-based manufacturer of solar inverters, power optimizers, and monitoring systems, SolarEdge posted revenue of $727.8 million in the second quarter (Q2), a quarter-over-quarter (QoQ) increase of 11% from $655.1 million ...
Tariff Regulations Issued for Renewable Projects Selling Power to Chhattisgarh DISCOMs
Chhattisgarh State Electricity Regulatory Commission (CSERC) has issued regulations specifying the terms and conditions of tariffs for renewable energy projects to sell power to distribution licensees (DISCOMs) in the state ...
Shapoorji Pallonji to Offload 1.25% Stake in Sterling and Wilson
Shapoorji Pallonji has proposed to sell 2,370,787 equity shares having a face value of ₹1 (~$0.013) each, amounting to a 1.25% equity it holds in its solar engineering and construction ...
Bids Invited for 42.8 MW of Solar Projects Under KUSUM Program in Gujarat
Madhya Gujarat Vij Company (MGVCL) has invited bids to install and commission 42.8 MW of grid-connected feeder level solar power projects and the associated power line under Component C of ...
More Than Enough Land is Available to Support Solar, Wind Development in the US
The National Renewable Energy Laboratory (NREL) has released two new data sets containing 2,000 U.S. wind energy zoning ordinances and 1,000 solar energy ordinances at the state, county, township, and ...
Solar Glass Manufacturer Borosil Renewables’ Revenue Up by 25% YoY in Q1 FY 2023
India-based solar glass manufacturer Borosil Renewables has announced the financial results for the first quarter (Q1) of the financial year (FY) 2023. The company reported revenue of ₹1.69 billion (~$21.31 ...
Solar Developer to be Compensated for Additional O&M Cost Incurred Due to GST Imposition
The Bihar Electricity Regulatory Commission (BERC) recently directed the Bihar State Power Holding Company (BSPHCL) to compensate a solar developer for 'Change in Law' claims due to the imposition of ...
Nanoparticles Increase Light Scattering, Boost Solar Cell Performance: Research
A team of scientists from Pennsylvania State University (Penn State) has found that nanoparticles boost the efficiency of solar cells not because of the up-conversion but due to enhanced light ...
Solar Tracker Provider Array Technologies’ Revenue Up by 63% in 1H 2022
U.S.-based solar tracking systems provider Array Technologies has announced the financial results for the first half (1H) and the second quarter (Q2) of the calendar year (CY) 2022. The company ...
Bhopal Municipal Corporation Issues Tender for 21 MW of Solar Projects
Bhopal Municipal Corporation (BMC) has invited bids for the design, engineering, supply, construction, erection, and commissioning of 21 MW (2x10.5 MW) of solar power projects in the Neemuch district of ...
Funding and M&A Roundup: Nexeon Raises Over $200 Million for Battey Materials Production
From: Mercom Capital Group Nexeon, a battery materials developer and manufacturer, has completed the second close of its fundraising resulting in a total investment of $170 million. A further $50 million of commercial ...
Project Finance Brief: Enfinity Global Raises $242 Million for Solar Projects in Japan
From: Mercom Capital Group Enfinity Global, a renewable energy company, has secured $242 million (~$¥29 billion) in long-term financing for three solar projects in Japan totaling 70 MW. Nomura, a financial institution, acted ...
Consultancy Tender Issued for Floating Solar Projects in Gujarat
Gujarat State Electricity Corporation (GSECL) has invited bids from consultants for a detailed feasibility report (DFR), and project management consultancy services to set up floating solar projects at various locations ...
BHEL Invites Bids for O&M of a 100 MW Solar Project in Gujarat
Bharat Heavy Electricals Limited (BHEL) has invited bids for the operation and maintenance (O&M) of a 100 MW grid-connected solar power project at Raghanesda Solar Park (Phase-I) in Gujarat for ...
