India to Add 20.2 GW of Wind Capacity Between 2021-2025, Wind Market to Grow by 50%

India to Add 20.2 GW of Wind Capacity Between 2021-2025, Wind Market to Grow by 50%

The Global Wind Energy Council (GWEC) and MEC Intelligence (MEC+) have jointly released the ‘India Wind Energy Market Outlook 2025’ report, which predicts that the world’s fourth-largest wind power market ...
/ / Wind
419 MW of Open Access Solar Projects Installed in Q1 2021

419 MW of Open Access Solar Projects Installed in Q1 2021

India’s open access solar installations totaled 419 MW in the first quarter (Q1) of 2021, while the cumulative solar installations in the open access market have reached 4.3 GW as ...
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 ...
IFC to Invest $15 Million in a Fund For Clean Energy Projects in India and Bangladesh

IFC to Invest $15 Million in a Fund For Clean Energy Projects in India and Bangladesh

International Finance Corporation (IFC) – the financial arm of the World Bank – has proposed an equity investment of up to $15 million in South Asia Growth Fund II (SAGF II), ...
/ / Finance and M&A, Solar
Adani, Hero Future Energies, and SB Energy Top Utility-Scale Solar Developers in 2020

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 Generation in Q1 2021 Up by 23% from the Previous Quarter

Solar Generation in Q1 2021 Up by 23% from the Previous Quarter

In the first quarter (Q1) of the calendar year (CY) 2021, the country generated about 17.5 BU of solar power compared to 14.2 BU in the previous quarter. The data ...
India’s Solar Market to Recover Rapidly in 2021_ IEA Report

India’s Solar Market to Recover Rapidly in 2021: IEA Report

The International Energy Agency (IEA), in its Global Energy Review 2021, has said that India’s solar photovoltaic (PV) market is expected to recover rapidly in 2021, after experiencing a significant ...
/ / Other, Renewable Energy
United States Initiates Probe to Impose Countervailing Duty on Indian Wind Energy OEMs

US Calls for Countervailing Duty on Indian Wind Energy OEMs

The International Trade Administration (ITA), under the United States Department of Commerce, has recommended the imposition of countervailing duty (CVD) against wind energy equipment manufacturers from India and Malaysia. The ...
/ / Wind
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
Solar Project Development in India_ A Long Road Towards an Ambitious Target

Solar Project Development in India: A Long Road Towards an Ambitious Target

India's cumulative installations breached the 40 GW mark, according to Mercom India Research. The total installations comprised 34.9 MW of utility-scale solar installations, and the rooftop segment accounted for 5.1 ...
DGTR Initiates Anti-Dumping Probe Into Import of Fluoro Backsheet Used in Solar Modules

DGTR Initiates Anti-Dumping Probe Into Import of Fluoro Backsheet Used in Solar Modules

The Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping probe on 'fluoro backsheet' imported from China. Fluoro backsheet is a polymer-based component used in the manufacture of solar ...
China Installs Record 52 GW of New Wind Capacity, Doubles Annual Installations in 2020

China Installs Record 52 GW of New Wind Capacity, Doubles Annual Installations in 2020

According to the latest data released by Global Wind Energy Council's (GWEC) market intelligence, 2020 was a record year for wind power growth in the Asia Pacific, specifically driven by ...
/ / Wind
Japan's JICA to Loan Upto JPY 10 Billion to Tata Cleantech to Finance Renewables

Japan’s JICA to Loan up to JPY 10 Billion to Tata Cleantech to Finance Renewables

Japan International Cooperation Agency (JICA) has signed a loan agreement for a maximum amount of JPY 10 billion (₹6.65 billion) with Tata Cleantech Capital (TCCL), an Indian non-banking financial company ...
/ / Finance and M&A, Other
India’s $122 Billion Stimulus for Energy Sector Lacks Clarity in Funding Streams: Report

India’s $122 Billion Stimulus for Energy Sector Lacks Clarity in Funding Streams: Report

India has committed more public money than any other economy– at least $122 billion – to support the energy sector since the start of the Covid-19 crisis, but the government’s ...
/ / Other, Renewable Energy
India's Solar Installations Reach 40 GW Milestone

India’s Solar Installations Reach 40 GW Milestone

India's cumulative solar installations have hit the 40 GW milestone, according to Mercom India Research. As of February 2021, the country's total installations comprised 34.9 GW of utility-scale solar installations and ...
USAID, DFC to Provide $41 Million Loan for Financing Rooftop Solar By SMEs

USAID, DFC to Provide $41 Million Loan for Financing Rooftop Solar By SMEs

The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) announced a $41 million loan guarantee program to finance investment in renewable energy solutions, ...
/ / Finance and M&A, Rooftop, Solar
Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding

Energy Efficiency Company Smart Joules Raises $4.1 Million in Series A Funding

Smart Joules, an energy-efficiency-as-a-service company, said it raised $4.1 million in Series A funding from ADB Ventures, Burman Family Office, Max I. Limited, cKinetics Accelerator, Saket Burman from the Dabur ...
Euler Motors Closes Series A Funding Round with Additional $2.6 Million Raise

Euler Motors Closes Series A Funding Round with Additional $2.6 Million Raise

New Delhi-based electric vehicle (EV) maker Euler Motors announced that it had raised an additional $2.6 million in Series A funding from ADB Ventures - the venture investing arm of the Asian ...
Anti Dumping Duty on Solar Glass Has Resulted in Monopoly, Shortage, Price Rise

Anti Dumping Duty on Solar Glass Has Resulted in Monopoly, Shortage, Price Rise

The solar glass shortage in China that started some six months back has started to affect the Indian solar manufacturing industry. This, coupled with the duties on glass, has started ...
/ / Markets & Policy, Solar
Hydrogen Car

Petition Filed to Bring Hydrogen Fuel Cell-Based Electric Vehicles Under FAME Program

In an attempt to bring the hydrogen fuel-based vehicles and infrastructure under the ambit of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) program, public interest litigation (PIL) has ...
/ / Electric Vehicles, Grid
ReNew Power

Post IPO, ReNew Power Plans Over 18 GW of Renewables by 2025

ReNew Power, an India-based independent power producer, has plans to build a pipeline of around 18-19 GW of renewable capacity by the end of the financial year (FY) 2025, Sumant ...
/ / Finance and M&A, Other
Triton EV Establishes India Entity ‘Triton Electric Vehicle India‘ in New Delhi

Triton EV Establishes India Entity ‘Triton Electric Vehicle India‘ in New Delhi

New Jersey-based Triton Electric Vehicle registered an Indian subsidiary under ‘Triton Electric Vehicles India Private Limited’ - in New Delhi. The move comes after the parent company aggressively advertised its ...
/ / Electric Vehicles, Grid
Ministry Notifies Countervailing Duty Imposition on Solar Glass Imported from Malaysia (2)

Ministry Notifies Countervailing Duty Imposition on Solar Glass Imported from Malaysia

The Ministry of Finance has notified the levy of a countervailing duty on the cost, insurance, and freight (CIF) value on the imports of textured and tempered (whether coated or ...
/ / Markets & Policy, Solar
Orix Completes Acquisition of 21.8% Stake in Renewable Energy Developer Greenko

Orix Completes Acquisition of 21.8% Stake in Renewable Energy Developer Greenko

Japan-based financial services group Orix Corporation has announced that it has completed its acquisition of 21.8% stake in Indian renewable energy developer Greenko Energy Holdings. In September 2020, Orix had ...
/ / Finance and M&A, Other
Israel's Robotic Solar Module Cleaning Company Airtouch Raises $18 Million in an IPO

Israel’s Robotic Solar Module Cleaning Company Airtouch Raises $18 Million in an IPO

Israeli robotic solar cleaning service provider, Airtouch Solar, has completed an initial public offering (IPO), raising $18 million at a company post-money valuation of $124 million, primarily from leading institutional ...
/ / Markets & Policy, Solar