IREDA’s 10 GW Solar Module Manufacturing Tender Receives Strong Response
The Indian Renewable Energy Development Agency (IREDA)’s tender for setting up manufacturing capacities for vertically-integrated high-efficiency solar modules under the production-linked incentive (PLI) program received a strong response from the ...
RP-Sanjiv Goenka Group Company Set to Acquire Chandigarh DISCOM
Eminent Electricity Distribution Limited, a wholly-owned subsidiary of Calcutta Electricity Supply Corporation (CESC), has placed the highest bid of ₹8.71 billion (~$117.32 million) to acquire a 100% stake in Chandigarh’s ...
Rajasthan High Court Cancels Allotment of Public Utility Land to Developer for Solar Park
The Rajasthan High Court has canceled the allotment of public utility land measuring 1,452 bighas (581.56 acres) near Pokhran in Jaisalmer to the Adani Renewable Energy Park Rajasthan (AREPRL). According to Mercom's ...
Daily News Wrap-Up: ReNew Power’s SPAC Deal to go Public Gets Regulatory Approval
Here are some noteworthy cleantech announcements of the day from around the world: The Competition Commission of India has approved the exchange of equity shareholding by existing shareholders of ReNew ...
Adani Green Unit Transfers 74% Stake in Mundra Solar Energy to Adani Tradecom
Adani Renewable Energy Holding Four Limited, a wholly-owned subsidiary of Adani Green Energy Limited (AGEL), has transferred 74% shareholding of Mundra Solar Energy Limited (MSEL) to Adani Tradecom LLP (ATLLP) ...
Funding and M&A Roundup: Aker Horizons Acquires Mainstream Renewable Power
From: Mercom Capital Group Aker Horizons, an investment company, closed the transaction to acquire Mainstream Renewable Power, an independent renewable energy company. Existing Mainstream shareholders have re-invested and retained 25% ...
LONGi, Jinko, and Adani: Top Solar Module Suppliers to India in 2020
In the calendar year (CY) 2020, the top ten module suppliers accounted for nearly 68% of the market share. LONGi Solar, Jinko Solar, and Adani Solar were the top three ...
The Indian Solar Markets’ Top Players in 2020
Solar installations in the calendar year (CY) 2020 totaled 3.2 GW, a 56% decline compared to 7.3 GW of capacity added in 2019. The Covid-19 outbreak brought the solar industry ...
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
From: Mercom Capital Group 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 ...
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 ...
