DISCOMs Owed ₹121.91 Billion to Renewable Generators at the End of June
Distribution companies (DISCOMs) owed ₹121.91 billion (~$1.63 billion) to renewable energy generators (excluding dispute amounts) in overdue payment across 256 pending invoices at the end of June 2021, according to ...
AI-Driven Solar String Inverters to Lead the Way in the Coming Years
In a highly competitive solar industry where every cent counts, technologically advanced, cost-effective inverters that yield the maximum output is becoming the natural choice for solar installers. While inverters account ...
Adani, Hero Future Energies, and SB Energy: Top Utility-Scale Solar Developers in 2020
Large-scale solar projects accounted for 78% of the total installations in India with 2.52 GW in 2020. While the industry is upbeat about the prospects in 2021, the second wave ...
Solar Developers Desperately Need Access to Project Financing, Cheaper Funds
What lies ahead for the renewable energy sector in India? Will investments dry up, or will 2021 bring out the best for the sector? A discussion on these vital issues ...
Hero, SB Energy, Aditya Birla: Top Utility-Scale Solar Developers in First Half of 2020
Hero Future Energies, SB Energy (SoftBank), and Aditya Birla emerged as the top utility-scale solar project developers in India in terms of installed capacity in the first half (1H) of ...
Tech Based O&M for Solar Projects Can Optimize Cost-Effectiveness and Sustainability
As the renewable sector matured in India towards competitive bidding, the emphasis shifted from building capacities at a brisk pace towards cost-effectiveness and even portfolio consolidation. Project operations and maintenance ...
UAE-Based Masdar Backs India’s Hero Future Energies with $150 Million Investment
In a significant development for the domestic renewable industry, the United Arab Emirates-based Masdar has invested around $150 million (~₹10.7 billion) in Hero Future Energies, one of the leading names ...
Hero Future Energies to Receive $43 Million from IFC for a 250 MW Solar Project in Rajasthan
Clean Solar Power (CSP), a step-down subsidiary of Hero Future Energies Global Ltd. (HFE), is set to receive a debt financing of up to $43.3 million from International Financial Corporation ...
Orissa High Court Asks Ministry of Finance to Withdraw its Solar Safeguard Duty Notification
Weeks after the announcement of safeguard duty imposition on solar imports from China and Malaysia, the Orissa High Court today heard the petition filed by Hero Future Energies, ACME, and ...
Indian Solar Sector Received Over $10 Billion in Financing During 2017
In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
India Recorded Strong Solar Tender and Auction Activity in December
After a period of lull, the month of December 2017 witnessed a surge in tendering and auction activity in solar sector in the country. Over 2,500 MW of solar was ...
Azure Power and ReNew Power Are the Winners in the 250 MW Bhadla Solar Auction
In the 250 MW Bhadla Solar Park auction, Azure Power won the bid to develop 200 MWs by quoting the lowest tariff of ₹2.48 (~$0.0388)/kWh. ReNew Power won the remaining 50 ...
Tata Power and Adani Top the List of India Solar Project Developers
As utility-scale solar in India takes off, two large power conglomerates – Tata Power and Adani – are leading project development activity. Cumulative large-scale solar installations reached ~13.6 GW in ...
Indian Solar Sector Sees $1.6 Billion in Funding and M&A Transactions in Q1 2017
With solar installations crossing 12 GW by end of March 2017, financial activity was robust in the first quarter of 2017, with approximately $1.6 billion (~Rs.106 billion) in announced corporate, project funding ...
IFC to Invest $125 Million in Hero Future Energies
The International Finance Corporation (IFC), a World Bank Group member, will invest $125 million (~₹8.5 billion) in Hero Future Energies, the renewable energy arm of Hero Group. “IFC, together with ...