Equity Lock-in Period Should be Removed to Boost Foreign Direct Investments in Solar

Equity Lock-in Period Should be Removed to Boost Foreign Direct Investments in Solar

Removing the one-year lock-in period for controlling shareholding could help increase investment flow into the solar market in India, which sorely needs it. A 'controlling shareholding' is the ownership (directly ...
Reliance New Energy Solar Incorporated as the Wholly-Owned Subsidiary of Reliance Inds (1)

Reliance New Energy Solar Incorporated as the Wholly-Owned Subsidiary of Reliance Inds

Reliance Industries Limited (RIL) has formed Reliance New Energy Solar Limited (RNESL), investing ₹100,000 (~$1342) for 10,000 equity shares of ₹10 (~$0.13) each. In its BSE filing, the company said ...
/ / Markets & Policy, Solar
IEA Expects Global Hydropower Capacity to Increase to 230 GW by 2030 (1)

IEA Expects Global Hydropower Capacity to Increase to 230 GW by 2030

Global hydropower capacity is expected to increase by 17%, or 230 GW, in the upcoming decade, the International Energy Agency (IEA) said in a recent report. In 2020, hydropower was ...
/ / Other, Renewable Energy
No New Coal-Fired Projects for Tata Power as it Aims for Carbon Neutrality by 2050

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% ...
Battery Management Company ION Energy Raises $3.6 Million (1)

Battery Management Company ION Energy Raises $3.6 Million

ION Energy, an advanced battery management solutions provider for e-mobility and energy storage applications has announced that it has raised $3.6 million in Pre-Series A funding. The funding was raised ...
PGCIL Gets Board Approval to Invest ₹22.20 Billion in Power Transmission Network

PGCIL Gets Board Approval to Invest ₹22.20 Billion in Power Transmission Network

Power Grid Corporation of India Limited (PGCIL) noted that on May 21, 2021, its Board has approved an investment to the tune of ~₹22.20 billion (~$301.48 million) for commissioning various ...
Green Climate Fund Approves FMO's $137 Million Investment in India

Green Climate Fund Approves FMO’s $137 Million Investment in India

The Green Climate Fund (GCF) has approved Dutch development bank FMO's proposal to accelerate private and public sector investment in India's green infrastructure projects. Through the Green Growth Equity Fund ...
/ / Other, Renewable Energy
Daily News Wrap-Up: EESL Subsidiary to Distribute 15 Million LED Bulbs in Rural Areas

Daily News Wrap-Up: EESL Subsidiary to Distribute 15 Million LED Bulbs in Rural Areas

Here are some noteworthy renewable energy news from around the world: Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services, has unveiled the GRAM UJALA program. Under ...
/ / Other, Renewable Energy
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
Solar Tracking Company Array Technologies’ Net Profit Jumps 49% in 2020

Solar Tracking Company Array Technologies’ Net Profit Jumps 49% in 2020

Array Technologies, a U.S.-based solar tracking systems manufacturer, has reported a 49% increase in net profit with $59.07 million in 2020 from $39.74 million in 2019, despite a $9.77 million ...
/ / Markets & Policy, Solar
Daily News Wrap-Up: Total Bags a 50 MW Solar Project in French Energy Commission Auction

Daily News Wrap-Up: Total Bags a 50 MW Solar Project in French Energy Commission Auction

Here are some noteworthy cleantech announcements of the day from across the world: Total has said that its France-based renewable energy subsidiary Total Quadran was awarded 50 MW of solar ...
/ / Other, Renewable Energy
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
Asia-Pacific Markets Are Most Challenging for Corporates to Shift to 100% Clean Energy

Asia-Pacific Markets are Most Challenging for Corporates to Shift to 100% Clean Energy

Asia-Pacific markets are among the most challenging in the world for global companies to switch to 100% renewable energy, RE100 said in a new report. RE100 is an initiative led ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Plug Power, SK Group to Build Hydrogen Ecosystem in Asian Markets

Daily News Wrap-Up: Plug Power, SK Group to Build Hydrogen Ecosystem in Asian Markets

Here are some noteworthy cleantech announcements of the day from around the world: Plug Power and SK Group have completed capital investment worth $1.6 billion to partner in accelerating hydrogen ...
/ / Other, Renewable Energy
EDP to Invest €24 Billion to Double its Solar and Wind Capacity by 2025

EDP to Invest €24 Billion to Double its Solar and Wind Capacity by 2025

EDP, a Portugal-based electric utility company, will invest €24 billion (~$29.10 billion) in the energy transition to double its solar and wind capacity from 12 GW to 25 GW by ...
/ / Finance and M&A, Solar
ReNew Power to Go Public in an $8 Billion SPAC Deal

ReNew Power to Go Public in an $8 Billion SPAC Deal

ReNew Power, an India-based independent power producer, has signed an agreement for a business combination with RMG Acquisition Corporation II, a special purpose acquisition company (SPAC), resulting in ReNew Power ...
/ / Finance and M&A, Other
Aurobindo Pharma to Buy Solar Power From Open Access Projects in Telangana

Aurobindo Pharma to Buy Solar Power From Open Access Projects in Telangana

Aurobindo Pharma, a Hyderabad-based pharmaceutical company, will procure solar power from two 15 MW group captive projects of NVNR Power and Infra in Hyderabad, Telangana. Under the group captive model, ...
/ / Finance and M&A, Solar
Solar Panel Cleaning Company Solavio Labs Secures ₹4 Million from New Brunswick Fund

Solar Panel Cleaning Company Solavio Labs Secures ₹4 Million from New Brunswick Fund

Solavio Labs, a startup providing solar panel cleaning technology, has received ₹4.06 million (~56,044) in funding from the Canadian province New Brunswick through its New Brunswick Innovation Fund. With this ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: PM Modi to Inaugurate a 50 MW Solar Project in Kerala

Daily News Wrap-Up: PM Modi to Inaugurate a 50 MW Solar Project in Kerala

Here are some noteworthy cleantech announcements of the day from around the world: Prime Minister Narendra Modi will inaugurate power projects in Kerala on February 19, 2021. He will inaugurate ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ EIB Provides €50 Million to Forsee Power to Expand Battery Business

Daily News Wrap-Up: EIB Provides €50 Million to Forsee Power to Expand Battery Business

Here are some noteworthy cleantech announcements of the day from around the world: The European Investment Bank (EIB) has provided a €50 million (~$60.70 million) loan to Forsee Power, a ...
/ / Other, Renewable Energy
Luxury Automobile Manufacturer Jaguar Land Rover Aims to Become Carbon Neutral by 2039

Luxury Automobile Manufacturer Jaguar Land Rover Aims to Become Carbon Neutral by 2039

Jaguar Land Rover, a luxury automobile manufacturing arm of Tata Motors, has announced plans to become carbon neutral across its supply chain, products, and operations by 2039. As a part ...
/ / Other, Renewable Energy
Amara Raja Batteries to Set Up a 50 MW Solar Project in Andhra Pradesh

Amara Raja Batteries to Set Up a 50 MW Solar Project in Andhra Pradesh

Amara Raja Batteries has announced that it would set up a 50 MW solar power project worth ₹2.2 billion (~$30.30 million) in Chittoor district, Andhra Pradesh. The project will help ...
/ / Solar, Utility Scale
IIT Bombay and BHEL to Develop High-Efficiency Solar Cells

IIT Bombay and BHEL to Develop High-Efficiency Solar Cells

Researchers at the National Center for Photovoltaic Research and Education (NCPRE) at IIT Bombay are developing crystalline silicon solar cells with targeted efficiency of 22%. Passivated Emitter and Rear Cell ...
/ / Solar, Technology
US to Provide $100 Million for Projects Advancing Clean Energy Technology

US to Provide $100 Million for Projects Advancing Clean Energy Technology

The U.S. Department of Energy (DOE) has pledged up to $100 million in financing for research and development of transformative clean energy technology to support the Biden Administration's climate innovative ...
/ / Other, Renewable Energy
These Consumers are Cutting Power Bills By Installing Rooftop Solar on Their Homes

These Consumers are Cutting Power Bills By Installing Rooftop Solar on Their Homes

The adoption of residential solar systems is picking up in India and with greater awareness and tremendous growth potential. To get a first-hand experience, Mercom spoke to several consumers who ...
/ / Consumers, Solar