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
Adani Green Awarded World’s Largest Solar Bid of 8 GW

Adani Green Wins World’s Largest Bid to Develop 8 GW of Solar Projects

Adani Green has secured the bid to develop solar photovoltaic (PV) power projects of 8 GW along with setting up a solar cell and module manufacturing capacity of 2 GW ...
Newly Operational Projects Take Adani Green’s Revenue Up by 24% in FY 2020

Newly Operational Projects Take Adani Green’s Revenue Up by 24% in FY 2020

Adani Green Energy Limited (AGEL), the green energy wing of the Adani Group, announced that its revenue rose 24% to ₹25.49 billion (~$339.8 million) in the financial year (FY) 2020, ...
Adani Power Reports ₹22.75 Billion in Losses During FY 2019-20

Adani Power Reports ₹22.75 Billion in Losses During FY 2019-20

Adani Power Limited (APL), India’s largest private power generator, reported that its consolidated loss after tax widened to ₹22.75 billion (₹301.1 million) in the financial year (FY) 2019-20, up significantly ...
Adani Green Enters into Joint Venture Agreement with Total Solar Singapore

Adani Green Enters into Joint Venture Agreement with Total Solar Singapore

Adani Green Energy Limited (AGEL), a Gujarat-based solar power developer, announced that it has entered into a joint venture with TOTAL Solar Singapore PTE Limited for about 2.1 GW of ...
Adani, Azure Win SECI’s Manufacturing-Linked Solar Tender, Greenshoe Option Next

Adani, Azure Win SECI’s Manufacturing-Linked Solar Auction, Greenshoe Option Next

Adani Green Energy and Azure Power have won the first of its kind manufacturing-linked solar tender floated by the Solar Energy Corporation of India’s (SECI) for 7 GW of solar ...
/ / Solar, Tenders & Auctions
Trina and Adani Were the Leading Solar Module Suppliers in India During 1H 2019

Trina and Adani Were the Leading Solar Module Suppliers in India During 1H 2019

According to Mercom’s recently released India Solar Market Leaderboard 1H 2019, in the first half of this year (1H 2019), Trina Solar, Adani, and Risen Energy emerged as the top ...
Azure Power and ReNew Power Were the Top Utility-Scale Solar Developers During 1H 2019

Azure Power and ReNew Power Were the Top Utility-Scale Solar Developers During 1H 2019

In the first half of this year (1H 2019), Azure Power, ReNew Power, Sprng Energy, and Tata Power emerged as the top four developers of utility-scale solar power projects in ...
/ / Mercom Research Focus, Other
Adani Acquires Transmission Project Linked to Renewable Power Generation in Gujarat

Adani Acquires Transmission Project Linked to Renewable Power Generation in Gujarat

Ahmedabad-based Adani Transmission Limited (ATL), has signed a share purchase agreement and completed the acquisition of the WRSS XXI Transco Limited (WRSSTL) from REC Transmission Projects Company. WRSSTL is a ...
/ / Finance and M&A, Other
Adani Green Raises $362.5 Million Through Issuance of Green Bonds

Adani Green Raises $362.5 Million Through Issuance of Green Bonds

Adani Green Energy Limited (AGEL) has announced that its subsidiaries, Adani Renewable Energy Limited, Wardha Solar (Maharashtra), and Kodangal Solar Parks Private Limited, have approved the issuance of dollar-denominated 20-year ...
/ / Finance and M&A, Solar
Urja Global to Issue Green Bonds of up to $500 Million to Finance Renewable Projects & EVs

Urja Global to Issue Green Bonds of up to $500 Million to Finance Renewable Projects & EVs

Urja Global Limited has announced that it has received the approval to raise green bonds of up to $500 million (₹35.64 billion) to finance renewable projects and electric vehicles (EVs) ...
/ / Finance and M&A, Other