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
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
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 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
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
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
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, 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 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
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
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
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 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
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 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
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 ...
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 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
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
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 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 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
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, 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
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 ...
