investments

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EIB Commits $5.5 Billion for European Wind Equipment Manufacturers

The European Investment Bank (EIB) has approved a €5 billion (~$5.5 billion) initiative to support the wind energy equipment manufacturing companies in Europe  to boost...

December 15, 2023

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Staff

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Other

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Renewable Energy
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Daily News Wrap-Up: Investments in Indian Solar Sector Down 22% YoY in Q3

Investments in the Indian solar sector in the third quarter of the calendar year 2023 totaled $1.57 billion (~₹129.86 billion), a 22% year-over-year decrease from $2.02...

December 6, 2023

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Mercom Staff

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Daily Wrap-up
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Investments in Indian Solar Sector Drops 22% YoY in Q3

Investments in the Indian solar sector in the third quarter (Q3) of the calendar year (CY) 2023 totaled $1.57 billion (~₹129.86 billion), a 22% year-over-year (YoY)...

December 5, 2023

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Staff

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Mercom Research Focus

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Solar
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FDI in India’s Renewable Sector Up 9% YoY to $505 Million in Q2 FY24

Foreign Direct investment (FDI) in India’s renewable energy sector saw a rise of 9% year-over-year (YoY) in the second quarter (Q2) of the financial year (FY) 2023-24....

November 28, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Saudi Arabia Invites Bids for 3.7 GW of Solar Projects

The Saudi Power Procurement Company (SPCC), a government-owned entity under the Kingdom’s  Ministry of Energy, has issued a request for qualification (RFQ) for the fifth...

November 14, 2023

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Staff

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Solar

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Tenders & Auctions
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Solid Power Reports a Net Loss of $15 Million in Q3 2023, Up 22% YoY

Solid Power, which develops all-solid-state battery technology for electric vehicles (EV), recorded a net loss of $15.14 million during the third quarter (Q3) of 2023, a...

November 8, 2023

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Gautamee Hazarika

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Electric Vehicles

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Market & Policy
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ACWA Finalizes $2.2 Billion Financing for Two Solar Projects in Saudi Arabia

Saudi Arabia-based energy company ACWA Power has signed financing agreements with a consortium of investors to develop Al Shuaibah 1 and Al Shuaibah 2 solar projects for...

July 18, 2023

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Arjun Joshi

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Finance and M&A

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Solar
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Month in a Minute: Top Headlines from Indian Renewable Sector in June 2023 

Here is a recap of important headlines from June 2023: India added 518 MW of solar open access in the first quarter of 2023, marking a remarkable increase of more than...

July 4, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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Spain Updates National Energy Plan, Targets 76 GW of Solar by 2030

Spain’s Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has issued the draft update of the National Integrated Energy and Climate Plan...

July 3, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Unlocking Potential $2.8 Trillion Annual Investments in Clean Energy

To meet the growing energy demand while aligning with the goals of the Paris Agreement, the annual investment in clean energy, both from public and private sources, will...

June 26, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Norfund, KLP Invests $80 Million in Enel Green’s Wind Project in Gujarat

Norway’s Climate Investment Fund, managed by Norfund, and KLP, the largest pension company in Norway, through their joint venture KNI India, have invested...

June 20, 2023

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Arjun Joshi

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Finance and M&A

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Wind
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Clean Hydrogen Market To Expand to 600 Million Tons by 2050: Report

The capacity of the clean hydrogen market is expected to expand to 170 million tons (MT) of hydrogen by 2030 and reach 600 MT by 2050, according to Deloitte’s 2023...

June 19, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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Daily News Wrap-Up: MNRE Revokes Blanket Extension for RE Projects in GIB Area

The Ministry of New and Renewable Energy has revoked its order granting an extension of 30 days for the commissioning of renewable energy projects, for which the...

June 6, 2023

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Mercom Staff

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Daily Wrap-up
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FDI In India’s Renewable Sector Surges 56% YoY to $2.5 billion in FY23

Foreign Direct investment (FDI) in India’s renewable energy sector stood at $838 million (~₹69.2 billion) in the fourth quarter (Q4) of the financial year (FY)...

May 31, 2023

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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China Installs 33.6 GW of Solar Capacity in Q1 2023

China installed 33.6 GW of solar capacity in the first quarter of 2023, marking an decrease of 3% quarter-over-quarter, according to the National Energy Administration...

April 27, 2023

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Arjun Joshi

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Markets & Policy

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Solar

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