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Mahindra Susten Secures ₹14.48 Billion Financing for 560 MW Solar Projects

Mahindra Susten, the clean-tech arm of the Mahindra Group, has closed a financing deal worth ₹14.48 billion (~$170.6 million) with HDFC Bank and Axis Bank for its 560 MW...

December 11, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Daily News Wrap-Up: MNRE’s ₹5.15 billion Solar Program for Tribal Areas

The Ministry of New and Renewable Energy has received the President of India’s approval to implement a new solar power program with an outlay of ₹5.15 billion (~$61.9...

January 8, 2024

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Mercom Staff

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Daily Wrap-up
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Serentica Secures ₹26 Billion Debt Funding from PFC for Green Energy Expansion

Serentica Renewables has achieved financial closure for its upcoming hybrid renewable energy projects in Karnataka. The entire debt funding of ₹26 billion (~$313.3...

September 14, 2023

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Gautamee Hazarika

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Markets & Policy

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Renewable Energy
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KKR to Invest $400 Million in Serentica Renewables

Private equity firm KKR will invest $400 million in Serentica Renewables to ramp up its clean energy portfolio and provide energy transition solutions to industries....

November 8, 2022

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Gautamee Hazarika

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Finance and M&A

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Other

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Renewable Energy
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How Carbon Dioxide Gas Can Help Develop High-Performance Solar Cells

A group of researchers from the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia said they discovered a process for depositing silicon oxide on...

November 14, 2020

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Rahul Nair

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Solar

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Technology
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U.S. Begins Year-Long Withdrawal Process from Paris Climate Change Accord

The United States government has said that it has submitted its formal notification of withdrawal from the Paris Climate Change Agreement to the United Nations, starting...

November 6, 2019

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Nithin Thomas

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Other

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Renewable Energy
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Budget 2019 Provides Impetus to India’s Transition to E-Mobility and EV Manufacturing

In the latest Union Budget for FY 2019-2020, the Modi government 2.0 has provided strong support to the nascent electric vehicle industry with the announcement of tax...

July 12, 2019

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Ramya Ranganath

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Electric Vehicles

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Grid
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African Development Bank Approves $220 Million Loan for a Solar Project in South Africa

The African Development Bank (AfDB) has approved a senior loan of ZAR 3 billion (~$220.3 million) to the 100 MW Redstone concentrated solar power project. The project is...

December 4, 2018

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Nitin Kabeer

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Markets & Policy

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Solar
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MNRE to Spend $10 Million to Foster Clean Energy Awareness

The Ministry of New and Renewable Energy (MNRE) is planning to spend ₹660 million (~$10.3 million) over the next two financial years on increasing renewable energy...

January 19, 2018

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Wendy Prabhu

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Markets & Policy

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Solar
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Solar Renewable Energy Certificate Trade Volume in 2016 Surpasses Last Year’s Numbers

Solar Renewable Energy Certificates (RECs) started trading in India in 2012 and have been growing steadily since the first year trading volume of 6,288. In 2014, there...

October 7, 2016

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Saumy Prateek

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Markets & Policy

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Solar

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