IREDA’s 10 GW Solar Module Manufacturing Tender Receives Strong Response

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 ...
/ / Manufacturing, Solar
RP-Sanjiv Goenka Group Company Set to Acquire Chandigarh DISCOM

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 ...
/ / Finance and M&A, Other
Rajasthan High Court Cancels Allotment of Public Utility Land to Developer for Solar Park

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 ...
/ / Markets & Policy, Solar
Daily News Wrap-Up ReNew Power’s SPAC Deal to go Public Gets Regulatory Approval

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 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) ...
/ / Finance and M&A, Solar
Funding and M&A Roundup Aker Horizons Acquires Mainstream Renewable Power

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% ...
/ / Finance and M&A, Other
LONGi, Jinko, and Adani: Top Solar Module Suppliers to India in 2020

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

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

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

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 ...
/ / 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 ...