Month in a Minute_ Top Headlines from Indian Renewable Sector in March 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in March 2021

Here is a recap of some of the most important headlines from March 2021: Distribution companies (DISCOMs) owed ₹122.49 billion (~$1.65 billion) to renewable energy generators (excluding disputed amounts) in ...
/ / Other, Renewable Energy
Quality of Solar Assets, Regulatory Stability, Crucial in Solar Project Acquisitions

Quality of Solar Assets, Regulatory Stability, Crucial in Solar Project Acquisitions

The solar industry has emerged stronger after the pandemic, which is still raging worldwide. But solar projects have been considered as 'investment havens' in the uncertain COVID-19 world because of ...
/ / Finance and M&A, Solar
DISCOMs Need Distribution System Operators To Forecast Renewables and Manage Load (1)

DISCOMs Need Distribution System Operators To Forecast Renewables and Manage Load

India is an attractive solar market with tremendous, long-term potential. The installation targets are aggressive; however, the investments in the sector have stymied due to counterparty credit risks from distribution ...
/ / Grid, Utilities
Daily News Wrap-up: Adani Green Completes the Acquisition of a 20 MW Solar Project

Daily News Wrap-up: Adani Green Completes the Acquisition of a 20 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Adani Green Energy Limited has completed the acquisition of 100% of the share capital and all the ...
/ / Other, Renewable Energy
Adani Green to Acquire a 75 MW of Solar Project from Sterling and Wilson (3)

Adani Green to Acquire a 75 MW Solar Project from Sterling and Wilson

Adani Green Energy Limited (AGEL) has announced that it will acquire 75 MW of operational solar assets in Telangana from Sterling and Wilson, a Shapoorji Pallonji Group subsidiary, for ₹4.46 ...
Adani Receives Letter of Award for 300 MW Wind Power Projects

Adani Receives Letter of Award for 300 MW Wind Power Projects

Adani Green Energy Holding Fifteen Limited, a subsidiary of Adani Green Energy Limited (AGEL), announced that it received a letter of award for a 300 MW wind energy project. Adani ...
/ / Wind
Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar

Adani Green Posts 31% Revenue Growth YoY in Q3 FY 2021 as Solar Sales, Capacity Soar

Adani Green Energy Limited (AGEL) reported a 61% rise in total income in Q3 2021 compared to the same quarter the previous year. During the quarter, AGEL earned ₹8.43 billion ...
Breaking News

Torrent Power Quotes the Lowest Bid of ₹2.47/kWh in Andhra’s 6.4 GW Solar Auction

Andhra’s solar auction for 6.4 GW of solar projects spread out over ten separate locations has resulted in tariffs ranging between ₹2.47 (~$0.033)/kWh to ₹2.58 (~$0.035)/kWh, according to an auction ...
/ / Solar, Tenders & Auctions
Adani Green to Acquire a 20 MW Solar Project in Uttar Pradesh

Adani Green to Acquire a 20 MW Solar Project in Uttar Pradesh

Adani Green Energy (AGEL) has signed a security purchase agreement with Hindustan Cleanenergy and Peridot Power Ventures to acquire Spinel Energy and Infrastructure (SEIL)'s total share capital and securities. SEIL ...
/ / Finance and M&A, Solar
Funding and M&A Roundup_ Volta Raises $125 Million for EV Charging

Funding and M&A Roundup: Volta Raises $125 Million for EV Charging

Total, a French oil and gas major, has acquired a 20% minority interest in Adani Green Energy (AGEL) from Adani Group. The two partners agreed to the acquisition of a ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Adani Green Energy Commissions a 150 MW Solar Project in Gujarat

Daily News Wrap-Up: Adani Green Energy Commissions a 150 MW Solar Project in Gujarat

Here are some noteworthy cleantech announcements of the day from around the world: Adani Solar Energy Kutchh One, a step-down subsidiary of Adani Green Energy, has commissioned a 150 MWac ...
/ / Other, Renewable Energy
French Oil and Gas Major Total to Acquire 20% Stake in Adani Green

French Oil and Gas Major Total to Acquire 20% Stake in Adani Green for $2.5 Billion

Total, a French oil and gas major, has acquired a 20% minority interest in Adani Green Energy (AGEL)  from Adani Group. The two partners agreed to the acquisition of a ...
/ / Finance and M&A, Other
Adani Solar’s Mundra Unit to Expand its Cell and Module Manufacturing Capacity by 2 GW

Adani Solar’s Mundra Unit to Expand its Cell and Module Manufacturing Capacity by 2 GW

Adani Solar plans to expand its cell and module manufacturing facility with an additional capacity building of 2 GW. “The new capacity will come online in 2021. The proposed capacity ...
/ / Modules, Solar
Karnataka Regulator Retains Tariff of ₹4.79_kWh for Adani's 40 MW of Solar Projects

Karnataka Regulator Retains Tariff of ₹4.79/kWh for Adani’s 40 MW of Solar Projects

The Karnataka Electricity Regulation Commission (KERC) passed two orders in favor of Adani Green Energy Limited's (AGEL) two projects of 20 MW each. The distribution companies (DISCOMs)- Hubli Electricity Supply ...
/ / Markets & Policy, Solar
Daily News Wrap-Up_ Italy's Snam to Develop Hydrogen Supply Chain in India

Daily News Wrap-Up: Italy’s Snam to Develop Hydrogen Supply Chain in India

Here are some noteworthy cleantech announcements of the day from around the world: Snam, an Italy-based energy infrastructure company, has entered into the Indian renewable energy market with a series ...
/ / Other, Renewable Energy
With New Solar Capacity Additions, Adani Green's Revenues Increases 15% in Q2 of FY 2021

With New Solar Capacity Additions, Adani Green’s Revenues Increases 15% in Q2 of FY 2021

Adani Green Energy Limited (AGEL), a part of the Adani Group, has released the financial results for the second quarter (Q2) of the financial year (FY) 2020-21. According to the ...
/ / Markets & Policy, Solar
Adani Green Expands its Joint Venture with TOTAL after Acquiring 205 MW of Solar Assets

Adani Green Expands its Joint Venture with TOTAL after Acquiring 205 MW of Solar Assets

Adani Green Energy Limited (AGEL) announced that it has added 205 MW of operational solar projects worth ₹16.32 billion (~$222.9 million) to the portfolio of its joint venture with French ...
Grid Failure Brings Mumbai to a Halt, Power Supply Now Restored in Most Parts

Grid Failure Brings Mumbai to a Halt, Power Supply Now Restored in Most Parts

Mumbaikars were in for a rude shock on Monday, October 12, 2020, as the city and its suburbs and a few neighboring districts faced a power cut due to grid ...
/ / Grid, Utilities
Karnataka Regulator Reduces Tariff for 60 MW of Adani Green’s Delayed Solar Projects

Karnataka Regulator Reduces Tariff for 60 MW of Adani Green’s Delayed Solar Projects

The Karnataka Electricity Regulatory Commission (KERC) has denied Adani Green Energy (UP) Limited’s requests for relief under the force majeure clause of its power purchase agreement (PPA) with the Bangalore ...
Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY

Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY

Adani Green Energy Limited (AGEL) declared its financial results for the first quarter of the financial year 2020-2021. Despite COVID, The company’s revenue and ‘earnings before interest taxes depreciation amortization’ ...
/ / Finance and M&A, Solar
Adani’s 1.5 GW Rajasthan Solar Park Project Hits Land Hurdle

Adani’s 1.5 GW Rajasthan Solar Park Project Hits Land Hurdle

Adani Group’s initiative to expand its solar power generation portfolio has hit a temporary roadblock. A report by PTI said that the Rajasthan High Court has temporarily stayed its 1,500 ...
/ / Solar, Utility Scale
Gujarat Commission Directs Distribution Licensee to Comply with Solar RPO Target

Gujarat Commission Directs Distribution Licensee to Comply with Solar RPO Target

The Gujarat Electricity Regulatory Commission (GERC), in a recent ruling, directed MPSEZ Utilities Private Limited (MUPL) to make up for the shortfall of 1.441 MUs in solar RPO within the ...
/ / Markets & Policy, Solar
Here are the Top Global Large-Scale Solar Developers in the World

Here are the Top Global Large-Scale Solar Developers in the World

Mercom Capital Group has released a new report revealing the top 10 global large-scale solar PV developers. Adani Green Energy was the top solar photovoltaics (PV) developer in the world ...
New Transmission Infrastructure for Solar and Wind Coming Up in Rajasthan and Gujarat

New Transmission Infrastructure for Solar and Wind Coming Up in Rajasthan and Gujarat

The Central Electricity Authority (CEA) has allowed Bikaner Khetri Transmission Limited (BKTKL) and Powergrid Bhuj Transmission Limited (PBTL) to lay transmission lines for renewable projects in Rajasthan and Gujarat. According ...
/ / Grid, Market & Policy
Adani Port Becomes Part of Science-Based Targets Initiative to Reduce its Emissions

Adani Port Becomes Part of Science-Based Targets Initiative to Reduce Emissions

Adani Ports and Special Economic Zone Limited (APSEZ) announced that it has signed up for Science-Based Targets initiative (SBTi) to set emission reduction targets across its entire value chain. The ...
/ / Other, Other Energy