JSW to Acquire Mytrah Energy for $2 Billion

JSW to Acquire Mytrah Energy for $2 Billion

Indian multinational conglomerate JSW Group has signed an agreement to buy renewable energy producer Mytrah Energy India in a deal expected to be worth $1.8 billion (~$139.27 billion) to $2 ...
Higher Module Shipments Boost Canadian Solar’s Revenue to $1.25 Billion in Q1 2022

Higher Module Shipments Boost Canadian Solar’s Revenue to $1.25 Billion in Q1 2022

Canada-based solar photovoltaic module manufacturer Canadian Solar recorded revenue of $1.25 billion in the first quarter (Q1) of 2022, a year-over-year (YoY) growth of 15% from $1.1 billion last year ...
Solar Imports in Q1 2022 Up 374% Year-Over-Year

Solar Imports in Q1 2022 Up 374% Year-Over-Year

India imported solar cells and modules worth $1.23 billion (~₹92.62 billion) in the first quarter (Q1) of the calendar year (CY) 2022, an increase of 374% compared to the same ...
Mercom India to Host First-of-its-Kind Clean Energy Event in Bengaluru

Mercom India to Host First-of-its-Kind Clean Energy Event in Bengaluru

Mercom India is hosting its first event in the series, “C&I Clean Energy Meet 2022,” on June 3, 2022, in Bengaluru. The first-of-its-kind event will bring together commercial and industrial ...
Residential Solar Firm Sunrun’s Total Revenue Surges 48% YoY in Q1 2022

Residential Solar Firm Sunrun’s Total Revenue Surges 48% YoY in Q1 2022

Sunrun, a U.S.-based residential solar, battery storage, and energy services company, announced financial results for the first quarter (Q1) of the calendar year (CY) 2022. The company’s total revenue in ...
Separate Bank Guarantee Not Needed for Solar Projects Under KUSUM Program MNRE

Separate Bank Guarantee Not Needed for Solar Projects Under KUSUM Program: MNRE

The Ministry of New and Renewable Energy (MNRE) has scrapped the need for a separate performance bank guarantee for solar projects to be set up under the Component A of ...
Sembcorp to Power Saint-Gobain's Facilities With Wind-Solar Hybrid Energy

Sembcorp to Power Saint-Gobain’s Facilities With Wind-Solar Hybrid Energy

Saint-Gobain India and Sembcorp Green Infra's subsidiary Green Infra Wind Energy have signed a long-term energy supply agreement under which Sembcorp will install a 33 MW captive wind-solar hybrid project ...
REC Limited Posts Annual Profit of ₹100 Billion, its Highest-Ever

REC Limited Posts Annual Profit of ₹100 Billion, its Highest-Ever

REC Limited, a public infrastructure finance company, reported a total income of ₹392.30 billion (~$5.05 billion) for the financial year (FY) 2022, an 11% increase compared to ₹354.10 billion (~$4.56 ...
Anti-Dumping Duty on Solar Glass Imports from China Likely to be Extended for 2 More Years

Anti-Dumping Duty on Solar Glass Imports from China Likely to be Extended for Two More Years

The Directorate General of Trade Remedies (DGTR) has recommended extending the anti-dumping duty on imported textured tempered glass (solar glass) from China by two more years. DGTR found that solar ...
Odisha Regulator Allows Net Metering for Rooftop Solar Capacity up to 500 kW

Odisha Regulator Allows Net Metering for Rooftop Solar Capacity up to 500 kW

The Odisha Electricity Regulatory Commission (OERC) has allowed a net metering facility for rooftop solar systems up to 500 kW or up to the sanctioned load, whichever is lower, as ...
CERC Issues New Regulations to Boost Renewable Energy Certificates Trading

CERC Issues New Regulations to Boost Renewable Energy Certificates Trading

The Central Electricity Regulatory Commission (CERC) has issued ‘Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation Regulations, 2022.’ According to the new regulations, renewable energy generating stations, ...
Production-Linked Incentive Program for Solar Module Manufacturing Revamped

Production-Linked Incentive Program for Solar Module Manufacturing Revamped

The Ministry of New and Renewable Energy (MNRE) has issued draft guidelines to implement the second phase (Tranche II) of the Production-Linked Incentive (PLI) program under the 'National Program on ...
Uttarakhand Approves Generic Tariff & Benchmark Cost for Solar Projects

Uttarakhand Approves Generic Tariff & Benchmark Cost for Solar Projects

Uttarakhand Electricity Regulatory Commission (UERC) has announced the generic tariff for solar, solar thermal, and grid-interactive rooftop and small solar projects to be commissioned in FY 2022-23. The Commission approved ...
Global Renewable Capacity Additions to Breach 300 GW Mark in 2022 IEA

Global Renewable Capacity Additions to Breach 300 GW Mark in 2022: IEA

Renewable capacity addition in 2022 is expected to grow by 8% and breach the 300 GW mark for the first time, according to a report published by the International Energy ...
Tata Power Solar, Fourth Partner, Sunsure Were Leading Rooftop Solar Companies in 2021

Tata Power Solar, Fourth Partner, Sunsure Were Leading Rooftop Solar Companies in 2021

Tata Power Solar, Fourth Partner Energy, Sunsure Energy, Amplus Solar, and Jakson Solar emerged as the top solar rooftop companies in India in the calendar year (CY) 2021, according to Mercom's ...
Atlantica's Renewable Business Revenue Dips 8.7% YoY to $182.1 Million in Q1 2022

Atlantica’s Renewable Business Revenue Dips 8.7% YoY to $182.1 Million in Q1 2022

Sustainable infrastructure company Atlantica, which manages and invests in renewable energy, reported first-quarter (Q1) revenue of $247.5 million, a year-over-year (YoY) decline of 7.6% from $268.1 million in the same ...
Project Finance Brief: Cero Generation Secures Financing for a 70 MW Solar Project in Italy

MSEDCL Tenders 1,250 MW of Solar Projects, Receives Bids for 385 MW

The Maharashtra Electricity Regulatory Commission (MERC) recently approved the procurement of 385.3 MW of solar power under the 'Mukhyamantri Saur Krishi Vahini Yojana' and allowed the Maharashtra State Electricity Distribution ...
Tata Power’s Revenue Up 28% YoY to ₹425 Billion in FY22

Tata Power’s Revenue Up 28% YoY to ₹425 Billion in FY22

Tata Power recorded revenue of ₹425.76 billion (~$5.53 billion), a 28% year-over-year (YoY) surge from ₹332.39 billion (~$4.31 billion) in the financial year (FY) 2021-22. Tata Power’s consolidated profit after ...
Borosil Renewables Income Surges by 30.9% to $6.65 billion in FY 2021

Borosil Renewables Income Surges by 30.9% to ₹6.65 Billion in FY 2021

India-based solar glass manufacturer Borosil Renewables announced the fourth quarter (Q4) and full-year financial results for 2021-22. The company’s net income for 2021-22 was ₹6.65 billion (~$86.38 million), an increase ...
Power Generators Must Add Diverters to Save the Great Indian Bustard Supreme Court

Power Generators Must Add Diverters to Save the Great Indian Bustard: Supreme Court

The Great Indian Bustard (GIB) saga that has been simmering for some time came up for hearing in the Supreme Court on April 21, 2022. During the course of the ...
Chhattisgarh Clarifies For Energy Banking By Distributed Renewable Energy Systems

Chhattisgarh Clarifies Energy Banking For Distributed Renewable Energy Systems

The Chhattisgarh State Electricity Regulatory Commission (CSERC) recently issued an order to clarify the wheeling and banking regulations for independent distributed renewable energy systems (IDRES). The Commission had decided to ...
Wacker Group’s Polysilicon Earnings Up 341% YoY in Q1 2022, Sales at €525 Million

Wacker Group’s Polysilicon Earnings Up 341% YoY in Q1 2022, Sales at €525 Million

Wacker Chemie AG, a Munich-based chemical group company, reported total sales of €525 million (~$551.30 million) for its Polysilicon division during the first quarter (Q1) 2022, a growth of 76% ...
First Solar Reports Net Loss of $43.25 Million in Q1 2022 Amid Dip in Module Sales

First Solar Reports Net Loss of $43.25 Million in Q1 2022 Amid Dip in Module Sales

U.S.-based solar modules manufacturer First Solar has recorded a net loss of $43.25 million in the first quarter (Q1) of 2022 representing a quarter-over-quarter (QoQ) decline of 67.07% compared to ...
Jinko Solar’s Revenues Soar With Shipments Up 57% YoY in Q1 2022

Jinko Solar’s Revenues Soar With Shipments Up 57% YoY in Q1 2022

Jinko Solar, the Chinese solar module and cell manufacturer, in its financial results for the first quarter (Q1) of the year 2022, reported total revenues of RMB 14.76 billion ($2.24 ...
Sunnova Records 59% YoY Increase in Revenue With $65.7 Million in Q1 2022 1169376477

Sunnova Records 59% YoY Increase in Revenue With $65.7 Million in Q1 2022

U.S.-based residential solar company Sunnova reported revenue of $65.7 million in the first quarter of 2022, a year-over-year (YoY) increase of 59% compared to $41.3 million in the same period ...