Daily News Wrap-Up: Azure Power to Raise $249.93 million from its Rights Offering

Daily News Wrap-Up: Azure Power to Raise $249.93 million from its Rights Offering

Here are some noteworthy cleantech announcements of the day from around the world: Azure Power Global Limited announced the close of the subscription period for its rights offering. The company ...
/ / Other, Renewable Energy
India's Top Five Announced Solar Project Funding Deals of 2021 [Infographics]

India’s Top Five Announced Solar Project Funding Deals of 2021 [Infographics]

Project funding activity in 2021 exceeded pre-Covid-19 levels. A total of $6.69 billion was invested in the solar sector in the first nine months of 2021, a 400% increase compared to ...
/ / Mercom Research Focus, Other
Top Five Corporate Funding Deals of 2021 in the Indian Solar Market [Infographics]

Top Five Corporate Funding Deals of 2021 in the Indian Solar Market [Infographics]

The financing activity in 2021 has exceeded the pre-pandemic levels as the solar market in India has steadily recovered and is having one of its best years on record. A ...
/ / Mercom Research Focus, Other
Azure Power’s Revenue Increases 25% YoY to ₹4.38 Billion in Q2 FY 2022

Azure Power’s Revenue Increases 25% YoY to ₹4.38 Billion in Q2 FY 2022

Azure Power, an independent solar power producer, has reported a 25% year-over-year (YoY) increase in its operating revenue in the second quarter (Q2) of the financial year (FY) 2022, driven ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: Azure Power Signs PPAs for 600 MW of Solar Projects With SECI

Daily News Wrap-Up: Azure Power Signs PPA for 600 MW of Solar Projects With SECI

Independent solar power producer Azure Power has signed power purchase agreement (PPA) for 600 MW of ISTS-connected solar power projects with Solar Energy Corporation of India (SECI). The projects come ...
/ / Other, Renewable Energy
Daily News Wrap-up: MNRE Updates List of Solar Module Manufacturers Under ALMM

Daily News Wrap-up: MNRE Updates List of Solar Module Manufacturers Under ALMM

Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of New and Renewable Energy has issued an updated list of models and module manufacturers ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Grasim Industries Acquires 26% Stake in Aditya Solar Power

Daily News Wrap-Up: Grasim Industries Acquires 26% Stake in Aditya Solar Power

Here are some noteworthy cleantech announcements of the day from around the world: Grasim Industries Limited, the textile arm of the Aditya Birla Group, has acquired equity shares of ABReL ...
/ / Other, Renewable Energy
Daily News Wrap-Up: European Union Issues its First-Ever NextGenerationEU Green Bond

Daily News Wrap-Up: European Union Issues its First-Ever NextGenerationEU Green Bond

Here are some noteworthy cleantech announcements of the day from around the world: The European Union has issued its first-ever NextGenerationEU green bond. The 15-year bond due on February 4, ...
/ / Other, Renewable Energy
Azure Power Logs 13% YoY Growth in Revenue in Q1 FY 2022

Azure Power Logs 13% YoY Growth in Revenue in Q1 FY 2022

Independent solar power producer Azure Power posted a 13% year-over-year (YoY) rise in its revenue in the first quarter (Q1) of the financial year (FY) 2022, driven by projects commissioned after Q2 ...
/ / Finance and M&A, Solar
Azure Power Issues Dollar Green Bond of $414 Million

Azure Power Issues Dollar Green Bond of $414 Million

Independent power producer Azure Power Global, through its 100% subsidiary Azure Power Energy, announced the issuance of a dollar green bond of $414 million. The bonds will have a tenor ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: BP to Build Britain's Largest Hydrogen Plant

Daily News Wrap-Up: BP to Build Britain’s Largest Hydrogen Plant

Energy group BP aims to build Britain's largest hydrogen plant by 2030 as part of its push to boost the use of fuel and cut greenhouse gas emissions. The Teesside ...
/ / Other, Renewable Energy
Azure Power Sells Non-Core Rooftop Solar Portfolio to Radiance Renewables

Azure Power Sells Non-Core Rooftop Solar Portfolio to Radiance Renewables

Independent solar power producer Azure Power Global has announced that it had signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables for ₹5.36 billion (~$73.5 ...
/ / Finance and M&A, Solar
Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity

Azure Power Posts 15.6% Rise in Revenue in Q3 FY 2021 Due to Higher Operational Capacity

Azure Power posted a 15.6% rise in its revenue in the third quarter (Q3) of the financial year 2021 (FY 2021) on the back of an increase in its operational ...
Amp Energy, Tata, Azure, and O2 Power Winners in NTPC’s 1.2 GW Solar Auction

Amp Energy, Tata, Azure, and O2 Power Winners in NTPC’s 1.2 GW Solar Auction

O2 Power, Azure Power, Tata Power, and Amp Energy have together won 1,170 MW of projects in NTPC Limited’s auction for 1.2 GW of the interstate transmission system (ISTS) connected ...
Azure Power Awarded 2 GW of Solar Projects Along With 500 MW of Manufacturing Capacity

Azure Power Receives LoA for 2 GW of Solar Projects With 500 MW of Manufacturing Capacity

Azure Power announced that it has received a letter of award (LoA) for 2 GW of interstate transmission system (ISTS) solar projects under the greenshoe option in the Solar Energy ...
CDPQ’s Share in Azure Power Rises to 50.9%

CDPQ’s Share in Azure Power Rises to 50.9%

Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional investors, has acquired an additional 717,701 shares from a shareholder of Indian independent power producer Azure Power ...
APTEL Rules in Favor of Solar Developer, Sets Aside KERC Order Reducing COD Extension

APTEL Rules in Favor of Solar Developer, Sets Aside KERC Order Reducing COD Extension

The Appellate Tribunal for Electricity (APTEL) has allowed an appeal by Azure Sunrise Private Limited (ASPL) (subsidiary of Azure Power Global Limited) and has set aside an order passed by ...
CERC Asks SECI to Compensate Azure Power for Cost Incurred Due to Safeguard Duty

CERC Asks SECI to Compensate Azure Power for Cost Incurred Due to Safeguard Duty

The Central Electricity Regulatory Commission (CERC) has ruled in favor of Azure Power in its petition against the Solar Energy Corporation of India (SECI) that sought to invoke the ‘Change ...
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
With Newly Commissioned Solar Projects, Azure Sees a 28% Rise in Revenue in Q2 FY20

With Newly Commissioned Solar Projects, Azure Power Sees a 28% Rise in Revenue in Q2 FY20

Azure Power (NYSE: AZRE) has announced its consolidated financial results for the second quarter of the financial year (FY) ending September 30, 2019. The independent solar power producer reported that ...
SECI’s Manufacturing-Linked Solar Tender Receives Good Response, Oversubscribed by 1 GW

SECI’s Manufacturing-Linked Solar Tender Receives Good Response, Oversubscribed by 1 GW

The Solar Energy Corporation of India (SECI) has received a good response for its 7 GW solar tender that has been linked with a manufacturing component. After a slew of ...
Azure’s Petition before MERC Seeking Declaration of GST as Change in Law Dismissed

Investment in Indian Solar Sector Dips to $9.8 Billion in 2018

In 2018, investments in the Indian solar sector totaled approximately $9.8 billion compared to 2017, in which almost $11.5 billion flowed into the Indian solar sector.  2018 witnessed a decline ...
CERC Gives Relief to Solar Project Developers by Accepting GST as ‘Change in Law’

CERC Gives Relief to Solar Project Developers by Accepting GST as ‘Change in Law’

The Central Electricity Regulatory Commission (CERC) has issued an order to compensate solar power developers (SPD) by giving them an upfront lumpsum payment, which they would have incurred as an ...
/ / Markets & Policy, Solar
Developers who have projects under development need to use the pass through option due to safeguard duty that was imposed recently on solar imports

Azure Power Secures $58 Million for its 100 MW Solar Project at Pavagada

Leading renewable energy project developer Azure Power (NYSE: AZRE), has achieved the financial closure of a deal worth ₹4 billion (~$58 million) for its 100 MW solar power project in ...
/ / Finance and M&A, Solar
Azure Power Closes $88 Million in Financing for its 200 MW Solar Project in Bhadla

Azure Power Closes $88 Million in Financing for its 200 MW Solar Project in Bhadla

Azure Power (NYSE: AZRE), an independent solar power producer, has achieved financial closure for a 200 MW grid-connected solar photovoltaic (PV) project to be developed in the Bhadla Solar Park, Rajasthan ...
/ / Finance and M&A, Solar