power-generation

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Servokon to Manufacture Solar Modules and Transformers in Uttar Pradesh

Servokon Systems, a power equipment manufacturer, plans to invest over ₹2 billion (~$24 million) in a new manufacturing facility for both transformers and solar modules...

September 25, 2023

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Gautamee Hazarika

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Grid

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Manufacturing

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Solar
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SECI Disbursements to Solar, Wind Generators See 19.6% YoY Rise

The Solar Energy Corporation of India (SECI) paid solar and wind power producers ₹11.45 billion (~$138 million) for the energy purchased in July 2023. The payment...

September 11, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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SolarEdge’s Q2 Net Income Soars by 692% on Higher Solar Inverter Shipments

SolarEdge, an Israel-based solar inverter manufacturer, has posted a net income of $119.5 million during the second quarter (Q2) in 2023, a year-over-year (YoY) growth...

August 2, 2023

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Gautamee Hazarika

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Inverters & BOS

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Markets & Policy

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Solar
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Researchers at Fraunhofer ISE Announce 15.8% Efficiency for Organic Solar Cells

Researchers at the Fraunhofer Institute for Solar Energy Systems ISE (Fraunhofer ISE) and the Materials Research Center FMF at the University of Freiburg have announced...

July 24, 2023

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Gautamee Hazarika

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Solar

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Technology
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Daily News Wrap-Up: Reliance, ReNew, Tata Bid Among Bidders for Module PLI

Solar module manufacturers, including Reliance Industries, ReNew Power, and Tata Power, are among the bidders for the second phase (Tranche II) of the Production-Linked...

March 3, 2023

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Adani Green Commissions 450 MW Wind-Solar Hybrid Project in Rajasthan

Here are some noteworthy cleantech announcements of the day from around the world The hybrid power generation capacity of Adani Green Energy Limited (AGEL) reached 1,440...

December 6, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Jindal Stainless Inks Pact with ReNew Power to Develop 300 MW Renewable Project

Jindal Stainless has signed a contract with ReNew Power to develop an approximately 300 MW utility-scale captive renewable project to power its facilities in Jajpur,...

December 5, 2022

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Gourav Mishra

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Other

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Renewable Energy
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NTPC’s Q2 FY23 Consolidated Net Profit Dips 7.4% on Higher Fuel Cost

State-owned power producer NTPC reported a net profit of ₹34.2 billion (~$414.6 million) for the second quarter of the current fiscal year, a dip of 7.4% compared to the...

October 31, 2022

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Gourav Mishra

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Finance and M&A

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Other

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Renewable Energy
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US Generated 24% of the Country’s Power from Renewable Sources During 1H 2022

Around 24% of the utility-scale electricity generation came from renewable resources in the United States during the first half (1H) of 2022, a growth of 21% from the...

September 13, 2022

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Gourav Mishra

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Other

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Renewable Energy
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KKR to Acquire Power Producer ContourGlobal for £1.75 Billion

U.S-based private equity firm Kohlberg Kravis Roberts (KKR) has signed an agreement to acquire the British power generation company ContourGlobal for approximately £1.75...

May 19, 2022

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Gourav Mishra

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Finance and M&A

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Other
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Emerging Economies Like India Must Focus on Storage Technologies: Report

A recent report by the Massachusetts Institute of Technology’s Energy Initiative (MITEI) has studied the role of energy storage technologies with variable...

May 19, 2022

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Gourav Mishra

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Energy Storage

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Market & Policy
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Government Invokes Emergency Provisions to Tide Over Coal Shortages in Power Plants

Faced with a severe coal shortage at coal-based thermal power plants leading to load shedding in many areas across India, the Ministry of Power has directed all imported...

May 6, 2022

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Arjun Joshi

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Other

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Other Energy
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IIT Delhi Researchers Develop Portable Solar Tracking Towers

Researchers at the Indian Institute of Technology – Delhi (IITD) have developed portable solar photovoltaic (PV) tracking towers of 3 kW and 5 kW capacity. The towers...

February 22, 2022

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Harsh Shukla

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Solar

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Technology
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IEX Initiates Cross-Border Electricity Trade to Strengthen South Asian Market

To expand power markets beyond India, the Indian Energy Exchange (IEX) has introduced cross-border electricity trade (CBET) on its platform. The initiative is a step...

April 19, 2021

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Staff

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Grid

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Market & Policy
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Power Transmission Unit Employees to Continue Working Amid Coronavirus Lockdown

To provide operation and maintenance of the interstate transmission network during the ongoing COVID-19 nationwide lockdown, the Ministry of Power (MoP) has requested...

March 30, 2020

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Anjana Parikh

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Grid

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T&D

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