CERC Upholds Solar Developers’ Compensation Claims Under Change in Law due to GST

CERC Upholds Solar Developers’ Compensation Claims Under Change in Law due to GST

The Central Electricity Regulatory Commission (CERC) has reiterated that solar developers are entitled to compensation due to the higher expenses incurred after the Goods and Services Tax (GST) came into ...
/ / Markets & Policy, Solar
Daily News Wrap-Up: First Solar to Supply 600 MW of Thin Film Solar Modules to Azure Power

Daily News Wrap-Up: First Solar to Supply 600 MW of Thin Film Solar Modules to Azure Power

Here are some noteworthy cleantech announcements of the day from around the world: First Solar announced that it has signed an agreement to supply 600 MWdc of its high-performance, advanced ...
/ / Other, Renewable Energy
Daily News Wrap-Up Tata Power-DDL Meets Renewable Purchase Obligation for FY22

Daily News Wrap-Up: Tata Power-DDL Meets Renewable Purchase Obligation for FY22

Here are some noteworthy cleantech announcements of the day from around the world: Tata Power Delhi Distribution Limited became a 100% RPO (renewable purchase obligation) compliant DISCOM for the second ...
/ / Other, Renewable Energy
Energy Security A Driving Factor As India Strives to Reach 280 GW Solar by 2030

Energy Security A Driving Factor As India Strives to Reach 280 GW Solar by 2030

India added approximately 9.2 GW of power capacity in the first half (1H) of 2022, out of which renewables, including large hydro, contributed close to 90%. Solar contributed about 77% ...
Daily News Wrap-Up: Azure Commissions Assam’s Largest Solar Project

Daily News Wrap-Up: Azure Commissions Assam’s Largest Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Azure Power announced the commissioning of its 90 MW solar power project in Assam, the largest solar ...
Daily News Wrap-Up Fluence Energy Opens a Global Technology Centre in Bengaluru

Daily News Wrap-Up: Fluence Energy Opens a Global Technology Center in Bengaluru

Here are some noteworthy cleantech announcements of the day from around the world: Fluence Energy, a U.S.-based energy storage company, announced the opening of a new global technology center in ...
Azure Power Signs Agreement to Secure Solar Module Supplies for the Next Four Years

Azure Power Signs Agreement to Secure Solar Module Supplies for the Next Four Years

Independent power producer Azure Power Global signed a Module Supply Agreement (MSA) with  Premier Energies Group to procure modules up to 600 MW annually for the next four years. Premier ...
/ / Finance and M&A, Solar
ReNew, Azure, and Vibrant Announce New Senior Leadership Appointments

ReNew, Azure, and Vibrant Announce New Senior Leadership Appointments

Three renewable energy companies in India, ReNew Power, Vibrant Energy, and Azure Power, have announced changes in their senior leadership positions. The changes come when the Indian renewable energy industry ...
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 ...