Investments in the Indian Solar Sector Grow 154% YoY in Q1 2022
Investments in the large-scale solar segment in the first quarter (Q1) of the calendar year (CY) 2022 were up by 154% compared to the same period last year. However, the ...
Investments in the Indian Solar Sector Increased by 254% YoY in 2021
Investments in the Indian solar sector increased by an impressive 254% in the calendar year (CY) 2021 compared to CY 2020, according to Mercom India Research’s latest 2021 Q4 and ...
Renewable Industry Attracts $1.18 Billion in FDI During Nine Months of FY 2021-22
The foreign direct investment (FDI) in India's renewable energy (non-conventional) sector stood at $1.18 billion (~₹89.68 billion) for the first nine months (9M) of the financial year (FY) 2021-22. The ...
Blackstone to Invest Nearly $3 Billion in Renewable Energy Developer Invenergy
Global investment firm Blackstone has announced that funds managed by Blackstone Infrastructure Partners will invest approximately $3 billion equity investment in Invenergy Renewables Holdings. Caisse de dépôt et placement du ...
Renewable Energy Sector Attracts $1 Billion in FDI in the First Half of FY 2021-21
The foreign direct investment (FDI) in India's renewable energy sector stood at $1.03 billion (~₹77.55 billion) for the first half (1H) of the financial year (FY) 2021-22. The renewable sector ...
Solar Investments Up by 49% QoQ in Q3 2021 as Development Activity Picked Up Speed
Investments in the Indian solar sector increased by 49%, in the third quarter (Q3) of the calendar year (CY) 2021, compared to Q2 2021. However, in a year-over-year (YoY) comparison, ...
India Needs a Clear Roadmap to Meet the Massive 300 GW Solar Target by 2030
India has set a lofty target of 100 GW of solar installations by 2022 and 450 MW of renewables by 2030, with solar accounting for nearly 300 GW of the ...
Solar Investments in India Back to Pre-Pandemic Levels, Up 119% in Q2 2021
The investments in the Indian solar sector increased by 119% quarter-over-quarter, with over $2 billion in the second quarter (Q2) of the calendar year (CY) 2021. However, in a year-over-year ...
Solar Developer Nexamp Secures $680 Million in Funding
U.S.-based solar energy company Nexamp has secured $680 million in funding, including $440 million of debt financing and a $240 million equity investment led by Generate Capital. Nexamp provides clean energy access to ...
Brookfield Raises $7 Billion for its Global Energy Transition Fund
Brookfield Asset Management, a Canada-based asset management company, announced that it had raised $7 billion in the initial close of its Brookfield Global Transition Fund. The fund raised will be ...
Investments in Indian Solar Sector Fell by 30% QoQ in Q1 2021
The investments in the Indian solar sector declined by 30% and stood at $1.04 billion (~₹76 billion) in the first quarter (Q1) of the calendar year (CY) 2021, compared to ...
Investments in the Indian Solar Sector Declined by 66% in 2020
Investments in the Indian solar sector declined by 66% and stood at approximately $2.8 billion (~₹203.17 billion) in the calendar year (CY) 2020, compared to $8.2 billion (~$595.02 billion) in ...
Top Five Funding Deals of 2020 in the Indian Solar Market [Infographics]
After a sluggish start to the year due to the COVID-19 pandemic and the subsequent lockdown, activity in the solar sector picked up in the third quarter (Q3) of 2020, ...
Month in a Minute: Top Headlines from Indian Renewable Sector in November 2020
Here is a recap of some of the most important headlines from November 2020: Blueleaf Energy, a Singapore-based renewable energy company, announced that it acquired a majority stake in an ...
After a Lull in Q2, Investments in Indian Solar Sector Up by 170% in Q3 2020
Investments in the Indian solar sector rose by 170% and stood at approximately $270 million (~₹19.9 billion) in the third quarter of 2020 (Q3 2020), compared to $100 million (~₹7.4 ...
Daily News Wrap-Up: Reliance to Invest $50M in US-Based BEV for Clean Energy Solutions
Here are some noteworthy cleantech announcements of the day from around the world: Reliance has entered into a definitive agreement to invest up to $50 million in Breakthrough Energy Ventures ...
Officials from MNRE and SECI to Discuss the Status of Solar Market on Mercom’s Webinar
Mercom’s Q2 2020 India Solar Market Update is out, and the numbers do not paint a pretty picture. On September 1, 2020, Mercom will host a webinar to analyze the ...
United States’ Development Bank to Support 450 MW of Solar Projects in India
The U.S. International Development Finance Corporation (DFC) has approved $1 billion (₹75 billion) to help enhance sustainable development processes in Africa, Latin America, the Indo-Pacific, and other emerging markets, including ...
Indian Railways Ties Up with New Strategic Partners to Execute Solar Projects
IRCON International Limited (IRCON), a public sector enterprise, signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) and Ayana Renewable Power Private Limited. Through ...
Month in a Minute: Top Headlines from India’s Renewable Sector in December 2019
The year 2019 wrapped up with a host of newsworthy developments recorded in the renewable energy industry. There were several important company announcements besides crucial government updates during the last ...
Month in a Minute: Important News Snippets from India’s Renewable Sector in November 2019
For the domestic renewable industry, November was a busy month on the investment front. There were several important funding announcements in the Indian renewable sector, along with technological developments and ...