Bids Invited for Trading Energy, Renewables, and Energy Saving Certificates
Uttarakhand Power Corporation Limited (UPCL) has invited bids to select traders for the purchase and sale of energy, renewable energy certificates (solar and non-solar), and energy savings certificates (ESCerts) through ...
Plus Power Secures $219 Million Loan for a 185 MW/565 MWh Energy Storage Project in Hawaii
Plus Power, a U.S.-based renewable energy company, said it had closed a credit facility for its 185 MW/565 MWh Kapolei Energy Storage project in Hawaii. The company has signed a ...
Climate Analytics Provider Jupiter Raises $54 Million in Series C Funding
Jupiter, a US-based climate analytics company, has raised $54 million in a Series C funding round led by Clearvision Ventures and MPower Partners. CDPQ and the company’s existing investors, including ...
Oorja Raises $1 Million in Seed Funding for Agri Solar Solutions
Oorja Development Solutions, a Delhi-based off-grid solar services provider, said it had secured $1 million in seed funding from Schneider Electric Energy Access Asia (SEEAA). The company will utilize the ...
Power Ministry Mandates Quarterly Energy Audits by DISCOMs to Reduce T&D Losses
The Ministry of Power (MoP) has directed power distribution companies (DISCOMs) to undertake energy accounting periodically to develop a comprehensive energy accounting system to quantify distribution losses. The Bureau of ...
Energize Ventures Raises $330 Million to Enhance Energy Transition Technologies
Energize Ventures, a global investment manager that funds digital-first solutions for sustainable energy transition, announced that it had raised $330 million while closing its second flagship fund. The company said ...
India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report
The latest BRICS Energy Technology Report 2021 states that India will account for one-fifth (20%) of the global renewable energy deployment target for 2030. Solar and wind power generation has been ...
Energy Data and Analytics Provider Kevala Secures $21 Million in Series A Funding
Kevala, a U.S.-based energy data and analytics provider, said it secured $21 million in Series A funding. C5 Impact Partners LP and Thin Line Capital led the funding round. Chairman of Sunpower Corporation Tom ...
Global Climate-Aligned Bond Issuance Reached $913.2 Billion in 2020: Report
In 2020, 420 climate-aligned issuers issued climate bonds of $913.2 billion, Climate Bonds Initiative, a London-based non-profit research organization, said in its latest report. The climate-aligned market is around half of ...
Tata Power to Install a 10 MW Captive Solar Project for CEAT Tyres
CEAT, a multinational tyre manufacturing company, has engaged Tata Power to develop a 10 MW captive solar project at Tata Power’s Solapur site in Maharashtra. CEAT will procure electricity from ...
Regulator Approves Tariff of ₹7.45/kWh for a Waste-to-Energy Project in Maharashtra
The Maharashtra State Electricity Regulatory Commission (MERC) has set a revised tariff of ₹7.45(~$0.10)/kWh to procure power from the waste-to-energy project based on a municipal solid waste processing unit (750 ...
No New Coal-Fired Projects for Tata Power as it Aims for Carbon Neutrality by 2050
Indian power utility Tata Power aims to phase out its coal-based capacity and enhance its clean and green capacity to around 80% by 2030 from its current green portfolio of 31% ...
Fraunhofer ISE Sets 68.9% Efficiency Record for Photovoltaic Cell Under Laser Light
At the 48th IEEE Photovoltaic Specialists Conference, researchers from Germany’s Fraunhofer Institute for Solar Energy System (ISE) demonstrated how they have obtained a record conversion efficiency of 68.9% with a photovoltaic ...
Defer Bids Until Power Sale Agreements Backlog is Cleared – Solar Developers to Minister
The Solar Power Developers Association (SPDA) has written to Union Power Minister R.K. Singh asking to stop new auction activity for solar projects until the backlog of power sale agreements ...
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 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 ...
SECI Payouts to Solar, Wind Developers Stood at ₹4.25 Billion in January 2021
The Solar Energy Corporation of India (SECI) paid about ₹4.25 billion (~$58.6 million) to solar and wind developers in January 2021, according to data released by the agency. These expenses ...
Lowest Tariff of ₹2.77/kWh Quoted in SECI’s 1.2 GW Wind Auction
Adani Renewable Energy, Ayana Renewable Power, Evergreen Power, and JSW Future Energy won 1.2 GW of wind power projects in the Solar Energy Corporation of India’s (SECI) auction to select ...
Haryana Budget Includes Solar Projects, Lights, Pumps, and EV Announcements
Haryana Chief Minister Manohar Lal announced the budget for 2021-22. Provisions were made to set up 93 MW of solar projects, among other renewable and e-mobility plans. The Haryana Power ...
REC Market Counting on RPO Compliance Deadline Extension Amidst Trading Halt
As the power market awaits the end of an over seven-month halt in the trading of renewable energy certificates (REC), stakeholders remain hopeful of a deadline extension from their respective ...
Distributed Solar Company Fourth Partner Enters JV With Indonesian Energy Company
Distributed solar company, Fourth Partner Energy, has announced a joint venture (JV) - Empat Mitra Indika Tenaga Surya – with Indonesia-based energy company Indika Energy to speed up renewable energy transition ...
Karnataka’s Renewable Energy Policy for 2021-2026 Aims at Adding 2 GW of Rooftop Solar
Karnataka Renewable Energy Development Limited (KREDL) has issued the ‘Draft Karnataka Renewable Energy Policy 2021-2026” aimed at developing 20 GW of renewable energy projects with and without energy storage. According ...
JSW Announces Sustainability, Renewable Energy Generation Roadmap
Mumbai-based power producer JSW Energy announced plans to double its power generation portfolio with renewable and hydropower-based generation sources contributing to 70% of its total capacity in the medium term ...
Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020
Gujarat-based power generation company Torrent Power reported a slight decline in its revenue in the third quarter (Q3) of the financial year 2020 (FY 2020) to ₹29.53 (~$405.3 million) billion, down 4.3% ...
Haryana Sets Levelized Tariff of ₹2.48/kWh for Amplus Sun’s 50 MW of Solar Projects
The Haryana Electricity Regulatory Commission (HERC) has approved a tariff of ₹2.48 (~$0.034)/kWh for 50 MW of Amplus Sun Solutions' solar power projects in Bhiwani, Haryana, after re-examining the capital ...
