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 ...
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 ...
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 ...
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 ...
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 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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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 ...
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
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’ ...
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 ...
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 ...
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
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 ...
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 ...
