Uncategorized

thumbnail
Month in a Minute: Top Headlines from Indian Renewable Sector in February 2024

Union Finance Minister Nirmala Sitharaman unveiled key measures during the presentation of the 2024 interim budget, signaling a significant push towards sustainable...

March 7, 2024

/

Gautamee Hazarika

/

Other

,

Renewable Energy

,

Uncategorized
thumbnail
Project Finance Brief: Recurrent Energy Secures Funding for 119 MW Solar Project

From: Mercom Capital Group Recurrent Energy, a global developer, owner, and operator of solar and energy storage, secured financial closure on the 119 MW Horus Solar...

March 6, 2024

/

Sohini Aich

/

Uncategorized
thumbnail
Maharashtra Floats Tender for 3,048 MW Solar Power Under KUSUM

MSEB Solar Agro Power (MSAPL), a wholly owned subsidiary of Maharashtra State Electricity Board (MSEB Holding Company), has floated 14 tenders to procure a cumulative...

February 22, 2024

/

Gautamee Hazarika

/

Uncategorized
thumbnail
Ambuja Cements to Invest ₹60 Billion on Green Energy Transition

Ambuja Cements, a cement company under Adani Group, has invested ₹60 billion (~$723 million) in renewable energy projects with a capacity of 1,000 MW. The projects will...

December 18, 2023

/

Staff

/

C&I

,

Renewable Energy

,

Uncategorized
thumbnail
Project Finance Brief: Ashtrom Secures Financing for 400 MW Solar Project

From: Mercom Capital Group Ashtrom Renewable Energy, an independent power producer and subsidiary of the Israel-based Ashtrom Group, has secured $270 million for its 400...

October 11, 2023

/

Sohini Aich

/

Uncategorized
thumbnail
Funding and M&A Roundup: Group14 Technologies Secures $34 Million Funding

From: Mercom Capital Group Group14 Technologies, a silicon battery materials maker, secured $34.3 million from ShawKwei & Partners, an Asian private equity investor....

October 4, 2023

/

Staff

/

Uncategorized
thumbnail
US Adds 5.6 GWdc of New Solar Capacity in Q2 2023: Report

The U.S. solar industry installed 5.6 GWdc of new capacity in the second quarter (Q2) 2023, a year-over-year increase of 20%, according to the U.S. Solar Market Insight...

September 8, 2023

/

Rakesh Ranjan

/

Markets & Policy

,

Solar

,

Uncategorized
thumbnail
Suzlon’s Profit Increases Nineteen-fold to ₹29 Billion in FY23

Wind turbine manufacturer Suzlon Energy posted a net profit of ₹3.2 billion (~$38.7 million) during the fourth quarter (Q4) of the financial year (FY) 2023, an increase...

May 31, 2023

/

Arjun Joshi

/

Other

,

Renewable Energy

,

Uncategorized
thumbnail
Project Finance Brief: Clearstone Energy Sells 107 MW BESS Project

From: Mercom Capital Group Clearstone Energy, a solar and battery energy storage projects developer, announced the sale of two Battery Energy Storage System projects in...

thumbnail
Solar, Wind, BESS Projects Using Made-in-US Content Eligible for a 10% Bonus

Solar, wind, and battery energy storage systems (BESS) projects in the United States will be eligible for a bonus credit of 10% of the project cost if they meet domestic...

thumbnail
ReNew Energy Subsidiary Raises $400 Million via Green Bonds

ReNew Energy has raised $400 million through its fully owned subsidiary Diamond II from senior secured green bonds. The green bonds issued by ReNew’s subsidiary...

thumbnail
SIDBI Launches Lending Program to Make Electric Vehicles More Affordable

Government-owned lender Small Industries Development Bank of India (SIDBI) has launched a pilot program — Mission 50K-EV4ECO — to bring down the cost of...

April 13, 2023

/

Sumit Jha

/

Uncategorized
thumbnail
Sunrun Posts $63 Million Net Profit in Q4, Adds Over 275 MW Solar Capacity

Residential solar company Sunrun posted a $63 million net profit in the fourth quarter (Q4) of the financial year (FY) 2022, compared to a net loss of $38.5 million...

February 23, 2023

/

Gourav Mishra

/

Consumers

,

Finance and M&A

,

Solar

,

Uncategorized
thumbnail
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...

December 28, 2022

/

Staff

/

Uncategorized
thumbnail
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...

November 4, 2022

/

Gourav Mishra

/

Other

,

Renewable Energy

,

Uncategorized

1

2

3

...

6