Rays Power Infra Sells Solar Projects Worth ₹7 Billion To Global Investors

Rays Power Infra Sells Solar Projects Worth ₹7 Billion to Global Investors

Solar developer and engineering, procurement, and construction (EPC) company Rays Power Infra has sold its solar projects in Tamil Nadu, Karnataka, and Telangana to two global investors with a significant ...
/ / Finance and M&A, Solar
TotalEnergies Acquires SunPower’s C&I Solar Business for $250 Million

TotalEnergies Acquires SunPower’s C&I Solar Business for $250 Million

Global energy company TotalEnergies has signed a definitive agreement to acquire SunPower’s commercial and industrial (C&I) solutions business for $250 million, including $60 million of earn-out. The acquisition will help TotalEnergies develop ...
/ / Finance and M&A, Solar
Better Tariff Structures and Policies are Driving the Growth of Open Access

Better Tariff Structures and Policies are Driving the Growth of Solar Open Access

India installed 307 MW of open access solar capacity in the third quarter (Q3) of the calendar year (CY) 2021, registering a 47% increase compared to 209 MW installed in ...
Daily News Wrap-Up: India, Denmark to Initiate Joint R&D on Green Hydrogen

Daily News Wrap-Up: India, Denmark to Initiate Joint R&D on Green Hydrogen

Here are some noteworthy cleantech announcements of the day from around the world: India and Denmark agreed to initiate joint research and development on green fuels, including green hydrogen, during ...
/ / Other, Renewable Energy
CleanMax Raises $34 Million to Expand C&I Renewable Energy Portfolio

CleanMax Raises $34 Million to Expand C&I Renewable Energy Portfolio

Indian renewable energy company CleanMax has received $34 million in funding from the Danish Investment Fund for Developing Countries (IFU). The company is expected to utilize the funding to enhance its commercial ...
/ / Finance and M&A, Solar
Keppel Corporation to Acquire Majority Stake in Cleantech Solar for $150 Million

Keppel Corporation to Acquire Majority Stake in Cleantech Solar for $150 Million

Keppel Corporation-led consortium has announced that it would acquire a 51% equity stake in Singapore-based solar developer Cleantech Solar for up to $150 million. The consortium includes Keppel Asia Infrastructure Fund ...
/ / Finance and M&A, Other
Time for Open Access Solar is Now for C&I Segment in the Wake of Coal Crisis

Time for Open Access Solar is Now for C&I Segment in the Wake of Coal Crisis

The power crisis triggered by depleting coal stocks in thermal plants appears to have eased to some extent, but it has provided a wake-up call to the Indian industrial sector ...
Green Power Tariff An Attractive Option for Consumers to Access Solar and Wind Power

Green Power Tariff: An Attractive Option for Consumers to Access Solar and Wind Power

Commercial and Industrial (C&I) consumers have multiple options of going green – setting up large-scale solar projects through open access models, rooftop solar systems, or purchasing renewable energy certificates. For ...
US Solar Market Adds a Record 5 GW in Q1 2021

US Solar Market Adds a Record 5 GW in Q1 2021

According to the latest U.S. Solar Market Insight Q2 2021 report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, the U.S. solar market has surpassed 100 GW of ...
/ / Markets & Policy, Solar
India’s Solar Installations Up 88% in Q1 2021 With 2.05 GW

India’s Solar Installations Up 88% YoY in Q1 2021 With 2.05 GW

India added 2,056 MW of solar in the first quarter (Q1) of 2021, a 37% increase quarter-over-quarter (QoQ), compared to 1,505 MW installed in the fourth quarter of 2020. These ...
Daily News Wrap-Up Electric Utility EDP's First Floating Wind Project to Come up in Spain

Daily News Wrap-Up: Electric Utility EDP’s First Floating Wind Project to Come up in Spain

Here are some noteworthy cleantech announcements of the day from around the world: Electric utility company EDP announced the first floating wind farm in Spain for Asturias. The firm is promoting ...
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
Project Finance Brief Sonnedix and Cox Energy Secure $120 Million for Solar Projects in Chile

Project Finance Brief: Sonnedix and Cox Energy Secure $120 Million for Solar Projects in Chile

From: Mercom Capital Group Sonnedix, the global solar independent power producer, and Cox Energy América, a solar energy company, closed a $120 million financing from Sumitomo Mitsui Bank Corporation through ...
/ / Finance and M&A, Other
Stable, Conducive Policies and Low-Cost Finance Critical to Scale Rooftop Solar

Stable, Conducive Policies and Low-Cost Finance Critical to Scale Rooftop Solar

Mercom recently held a virtual panel discussion on 'C&I Rooftop Solar – Best Shot at Reducing Operating Expenses' to understand how affordable and accessible rooftop solar is despite the visible ...
/ / Markets & Policy, Solar
Funding and M&A Roundup Solar Cell Manufacturer Exeger Raises $38 Million

Funding and M&A Roundup: Solar Cell Manufacturer Exeger Raises $38 Million

From: Mercom Capital Group Exeger, the Sweden-based solar cell manufacturer, secured $38 million in financing to start building its new solar cell factory in Stockholm, Sweden. This financing round includes ...
/ / Finance and M&A, Other
Rooftop Solar - Saving Operating Cost for Businesses Hit by the Pandemic

Rooftop Solar – Saving Operating Cost for Businesses Hit by the Pandemic

Rooftop solar is among the cheapest sources of power, with nearly 50% lower tariffs than grid charges in many states. The segment's cost benefits make it an attractive energy option ...
Off-Grid Project of the Year_ Orb Energy's Rooftop Solar Project in Karnataka

C&I Project (Rooftop) of the Year: Orb Energy’s Rooftop Solar Project in Karnataka

Orb Energy, a solar energy solutions company, won the award for the 'Best C&I Project (Rooftop)' at the recently-held Mercom India Solar Summit 2021. There were seven award categories in ...
/ / Rooftop, Solar
Rooftop Solar Cannot Thrive in a Restrictive Policy Environment

Rooftop Solar Cannot Thrive in a Restrictive Policy Environment

Rooftop solar has immense growth potential in India. However, the rooftop segment has been slow to get off the ground, thanks to inconsistent and restrictive government policy. A total of ...
/ / Rooftop, Solar
Can Rooftop Solar Come out of Ground-Mount's Shadow and Be the Next Big Thing_

Can Rooftop Solar Come out of Ground-Mount’s Shadow and Be the Next Big Thing?

Cumulative rooftop solar installations crossed the 5 GW mark at the end of 2020 but still make up a small portion of the 40 GW of solar installed in the ...
/ / Markets & Policy, Solar
Distribution Companies Must Honor Power Purchase Agreements: Mercom Webinar

Distribution Companies Must Honor Power Purchase Agreements: Mercom Webinar

Mercom India hosted a webinar to discuss the key takeaways from the Indian Solar market in 2020 and the outlook for 2021. N.L. Sharma, Chairman and Managing Director of SJVN, ...
/ / Markets & Policy, Solar
There is a Lot of Pent-Up Demand for Rooftop Solar: Interview

There is a Lot of Pent-Up Demand for Rooftop Solar: Interview

Rooftop solar systems remain one of the cheapest ways to go solar. The global COVID-19 pandemic helped commercial and industrial (C&I) businesses realize that going solar is one of the best ...
/ / Rooftop, Solar
Singapore’s Solar Developer BlueLeaf Enters India with Majority Stake in Vibrant Energy

Singapore’s Solar Developer BlueLeaf Enters India with Majority Stake in Vibrant Energy

Blueleaf Energy, a Singapore-based renewable energy company, announced that it acquired a majority stake in an Indian clean energy solutions provider, Vibrate Energy Holdings, from ATN International. Blueleaf Energy specializes ...
/ / Finance and M&A, Solar
Solar Plus Storage Solutions Provider, Yotta Energy, Raises $5 Million in Seed Funding

Solar Plus Storage Solutions Provider, Yotta Energy, Raises $5 Million in Seed Funding

Yotta Energy, a U.S.-based solar storage solutions provider, announced that it raised $5 million in a seed funding round. Fiftysix Investments, Skyview Ventures, EDP Ventures, and other undisclosed investors participated ...
/ / Finance and M&A, Solar
Why Rooftop Solar Makes Sense for C&I Businesses During COVID-19

Why Rooftop Solar Makes Sense for C&I Businesses During COVID-19

The global Coronavirus pandemic has made commercial and industrial customers realize that going solar is one of the best ways to cut down operational costs. Energy costs account for around ...
CleanMax Secures $10 Million in Credit Facility to Expand its Rooftop Solar Business

CleanMax Secures $10 Million in Credit Facility to Expand its Rooftop Solar Business

The Global Climate Partnership Fund (GCPF) announced that it has provided Indian solar rooftop developer CleanMax with a $10 million (~₹743.08 million) credit facility to help it expand operations into Southeast ...