Project Finance Brief: Primergy Closes $75 Million Credit Facility from Rabobank
From: Mercom Capital Group Primergy Solar, a U.S.-based utility-scale and distributed solar and storage company, has closed a $75 million revolving credit facility from Rabobank to develop a pipeline of solar and ...
More Lower Income Households Adopted Solar in the US Between 2010-2021
A higher share of households with lower incomes in the U.S. have been adopting solar over the past 11 years, which has brought down the median household income for solar ...
European Commission Approves €220 Million Aid for Clean Hydrogen Production in Spain
The European Commission, under the European Union (EU) State aid rules, has approved a €220 million (~$215.3 million) Spanish measure to support Cobra Facilities & Services (COBRA) in the production ...
ReNew Power’s Revenue Up 27% YoY in FY 2022, Renewable Portfolio Grows by 1.7 GW
Independent power producer ReNew Power has announced the results for the fourth quarter (Q4) of the fiscal year (FY) 2022 and the fiscal year ended March 31, 2022. The company ...
Daily News Wrap-Up: Reliance Merges its Renewable Energy Arm Into the Company
Here are some noteworthy cleantech announcements of the day from around the world: Reliance Industries announced the amalgamation of its wholly-owned subsidiary Reliance New Energy Limited (RNEL), into the company ...
Tenders Issued to Develop ISTS Network for Evacuating 18 GW of Renewable Power in Gujarat
REC Power Development and Consultancy Limited (RECPDCL) has issued four global tenders to build interstate transmission systems (ISTS) on a build, own, operate, and transfer basis at Khavda pooling station ...
ReNew, Azure, and Vibrant Announce New Senior Leadership Appointments
Three renewable energy companies in India, ReNew Power, Vibrant Energy, and Azure Power, have announced changes in their senior leadership positions. The changes come when the Indian renewable energy industry ...
NTPC Floats O&M Tender for a 10 MW Solar Project in Telangana
NTPC Limited has invited bids for a biennial operation and maintenance (O&M) contract for the 10 MW solar power project at its facility in Ramagundam, Telangana. The last date to ...
Adani Green Registers 56% Growth in Revenues in FY 22, Energy Sales up by 72%
Adani Green Energy, the renewable energy arm of the Adani Group, reported revenue of ₹37.83 billion (~$495.29 million) from the power supply for the financial year (FY) 2021-22, a 56% ...
BHEL Invites Bids for Non-DCR Monocrystalline Solar Modules of 9.3 MW Capacity
Bharat Heavy Electricals Limited (BHEL) has issued a notice inviting tender (NIT) for the supply of non-domestic content requirement (DCR) monocrystalline solar photovoltaic (PV) modules of 9.3 MW capacity. Only ...
BEE Floats Consultancy Tender for Energy Benchmarking of EVs and EV Chargers
Bureau of Energy Efficiency, an agency under the Ministry of Power, has invited bids to hire agencies to develop energy benchmarking for electric vehicles (EVs) and EV chargers and estimate ...
EU to Expedite Renewable Energy Expansion at Lightning Speed
The European Commission has proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas, in the wake of Russia's invasion ...
MNRE Reduces Performance Guarantee to 3% for Renewable Energy Tenders
The Ministry of New and Renewable Energy (MNRE) has reduced the performance security deposits to 3% of the contract value for all renewable tenders issued until March 31, 2023. The ...
Project Finance Brief: Blackstone-backed Aypa Acquires a 100 MW Energy Storage Project
From: Mercom Capital Group Aypa Power, a Blackstone portfolio company and developer, owner, and operator of energy storage and hybrid generation assets acquired the 100 MW Yadkins Energy storage project from East Point ...
SECI Releases Payments of ₹4.92 Billion for Solar and Wind Power Procured in December 2021
The Solar Energy Corporation of India (SECI) disbursed ₹4.92 billion (~$65.85 million) to solar and wind power generators for the power purchased in December 2021. The disbursed amount accounted for ...
Daily News Wrap-Up: Vena Energy Secures JP¥14 Billion Green Loan for a Wind Project
Here are some noteworthy cleantech announcements of the day from around the world: Renewable energy company Vena Energy secured a JP¥14.47 billion (~$125.4 million) green loan from Shinsei Bank to ...
Daily News Wrap-Up: Sterlite Acquires Inter-State Transmission Project from PFC
Here are some noteworthy cleantech announcements of the day from around the world: Sterlite Power Transmission has acquired Nangalbibra —Bongaigaon Transmission, a special purpose vehicle (SPV) from PFC Consulting. The ...
Going for 100% Renewables Can Cut India’s Electricity Costs by Half – Wartsila Report
India can cut its overall cost of electricity in half and reach net zero before 2050 by developing a 100% renewable energy power system, according to modeling by Finnish power ...
India Aims to Meet 60% of Power Demand at Major Ports from Renewables
The government aims to meet 60% of power demand at major ports through solar, and wind power, Union Minister for Ports, Shipping, and Waterways Sarbananda Sonwal has said. Currently, renewables meet ...
DNV Issues Guidelines to Mitigate Impact of Earthquakes on Wind Power Projects
Norwegian independent energy expert and assurance provider DNV has published a recommended practice, 'Seismic Design of Wind Power Plants,' aimed at guiding developers and operators in mitigating challenges of earthquakes ...
Funding and M&A Roundup: Mitsubishi Electric to Acquire Smarter Grid Solutions
Mitsubishi Electric Corporation, together with its U.S. subsidiary Mitsubishi Electric Power Products (MEPPI), has entered into an agreement to acquire UK-based Smarter Grid Solutions, a provider of distributed energy resources ...
TPG Raises $5.4 Billion for Climate-Focused Inaugural Fund
TPG Rise Climate, the climate investing strategy of TPG's (formerly Texas Pacific Group) global impact investing platform TPG Rise, has raised $5.4 billion from over 20 companies and global institutional ...
Defense Lab Invites EoI for Fabrication of Flexible Dye-Sensitized Solar Cell Modules
Defense Laboratory, a research arm of the Ministry of Defense, has issued an expression of interest to select a development cum production partner for the fabrication of flexible dye-sensitized solar ...
Regulator Approves Tariff of ₹7.45/kWh for a Waste-to-Energy Project in Maharashtra
The Maharashtra State Electricity Regulatory Commission (MERC) has set a revised tariff of ₹7.45(~$0.10)/kWh to procure power from the waste-to-energy project based on a municipal solid waste processing unit (750 ...
SECI Amends 25 MW Solar Tender in West Bengal, Factors in BCD Imposition
The Solar Energy Corporation of India (SECI) has amended the tender for a 25 MW solar project in West Bengal, asking bidders to take note of the imposition of the ...
