China’s Pledge to Become Carbon-Neutral by 2060 Has Global Implications
The world’s largest and growing energy market, China, announced its ambition to transform into a carbon-neutral economy by 2060. However, for a country that contributes 28% of global emissions, Chinese ...
US Companies Ask Insurers to Say No to Fossil-Fuel and Support Renewable Businesses
Sixty U.S. companies have teamed up to persuade American insurers to ditch fossil fuel-based businesses. In a letter to insurers, these businesses said: “As insurance customers, we are expressing our ...
Spain to Invest €181 Million in Innovative Renewable Energy Projects
The Institute for the Diversification and Saving of Energy (IDAE) will allocate €181 million (~$214 million) to support renewable energy projects in seven autonomous communities of Spain. The allocation is ...
Bangladesh Issues Bids to Develop 100 MW of Wind Projects
The Bangladesh Power Development Board (BPDB) has released a notice inviting bids to develop 100 MW of grid-connected wind power projects at two sites in the country. The board intends ...
Strong Performance of Solar Assets Takes Adani Green’s Revenue Up by 10% YoY
Adani Green Energy Limited (AGEL) declared its financial results for the first quarter of the financial year 2020-2021. Despite COVID, The company’s revenue and ‘earnings before interest taxes depreciation amortization’ ...
Solar Curtailment Could Rise Globally as PV Penetration Increases
The trend of curtailment of renewable power has started taking shape globally. Power firms in China, Chile, several U.S. markets, including Arizona, California, Hawaii, and Texas, had to curtail at ...
Gujarat Commission Directs Distribution Licensee to Comply with Solar RPO Target
The Gujarat Electricity Regulatory Commission (GERC), in a recent ruling, directed MPSEZ Utilities Private Limited (MUPL) to make up for the shortfall of 1.441 MUs in solar RPO within the ...
Month in a Minute: Top Headlines from India’s Renewable Sector in August 2020
August saw the India renewable sector trying to come to terms with the new normal in the COVID-19 world. Here is a recap of the month’s most important headlines: Mercom ...
Indian Railways Plans to Set up 20 GW of Solar Projects on its Vacant Lands by 2030
The Indian Railways plans to develop 20 GW of solar projects in its vacant lands to help meet projected consumption requirements of over 33 billion units (BU) by 2030, according to an ...
ReNew and UN Environment Program to Work Together for Renewables & Energy Efficiency
ReNew Power and the UN Environment Programme (UNEP) entered a partnership agreement to promote increased access to renewable energy and improved energy efficiency. UNEP addresses environmental issues at the global ...
EVs, Solar, Energy Efficiency, Part of Amazon’s Approach to Sustainability: Interview
Large corporations can play a significant role in spearheading the transition towards green energy, decarbonization, and a sustainable future. Over the last few years, Amazon, an e-commerce giant and one of ...
Karnataka Announces Another Three-Month Extension for FY 2020 RPO Targets
The Karnataka Electricity Regulatory Commission (KERC) has granted another three-month extension to obligated entities for fulfilling their renewable purchase obligations (RPOs) for the financial year 2020. The Commission stated that ...
Investments in India’s Solar Sector Declined Significantly in Q2
Investments in the Indian solar sector stood at approximately $100 million (~₹7.46 billion) in the second quarter of 2020 (Q2 2020), down 90% from the previous quarter, according to Mercom's ...
NTPC Floats EPC Tender for 1,070 MW of Solar Projects in Rajasthan
NTPC Limited has invited bids from engineering, procurement, and construction (EPC) contractors with land for the development of up to 1,070 MW of solar projects in Rajasthan. The last date ...
Vena Energy, JSW Solar – Winners in SECI’s Auction for Blended Solar Wind Projects
Vena Energy and JSW Solar have won 970 MW of blended wind projects under the Solar Energy Corporation of India’s (SECI) 2.5 GW auction for interstate-connected (ISTS) blended wind power ...
Another Deadline Extension for SECI’s 5 GW Tender for Round-The-Clock Renewable Power
The Solar Energy Corporation of India (SECI) has extended the bid submission deadline for its tender to procure 5 GW of renewable power on a round-the-clock (RTC) basis complemented with ...
NOIDA Floats Tender for 10 MW of Rooftop Solar Projects on its Buildings
The New Okhla Industrial Development Authority (NOIDA) has issued a request for proposal for 10 MW (AC) of rooftop solar projects on its buildings under the RESCO model. The scope ...
Trading of Renewable Energy Certificates Stands Postponed by Four Weeks
The Appellate Tribunal for Electricity (APTEL) has issued an order postponing the trading of renewable energy certificates (RECs) scheduled for July 29 by four weeks. If the validity of any ...
Solar’s Share in India’s Installed Power Capacity Mix Inched Up to 9.9% During Q2 2020
Renewable energy’s share (including large hydro projects) inched up to 36.3% during the second quarter of 2020 (Q2 2020), up about 0.1% from the previous quarter, according to the data ...
APICORP Commits $50 Million Credit Facility to UAE-Based Rooftop Solar Develop SirajPower
The Arab Petroleum Investment Corporation (APICORP) announced that it would provide a $50 million credit facility to SirajPower, a UAE-based distributed solar developer, to expand its portfolio in the Middle ...
Taiwan’s URE Sells its Solar Manufacturing Unit for $35.3 Million
United Renewable Energy (URE), a Taiwan-based solar cell and module maker, announced its plans to sell one of its manufacturing units in the country to consolidate its production efforts. It ...
NTPC Floats Tender to Acquire 1 GW of Operational Solar Projects in India
NTPC Limited has floated a request for proposal (RfS) to acquire 1 GW of operational solar projects across India. Interested bidders are expected to submit an earnest money deposit (EMD) ...
CERC Orders Issue of RECs to Renewable Developer That Was Denied Due to Procedural Delays
The Central Electricity Regulatory Commission (CERC) has directed the National Load Despatch Center (NLDC) to issue renewable energy certificates (RECs) due to a renewable generator. The certificates were not issued ...
Malaysia’s PETRONAS Decides to Invest in a Rooftop Solar Startup
PETRONAS, Malaysia's state-owned gas and oil company, signed an agreement to invest in SOLS Energy Sdn Bhd, a solar energy startup. The investment will help provide renewable energy to residential ...
Tata Power Green Receives Letter of Award for a 225 MW Solar-Wind Hybrid Project
Tata Power announced that its wholly-owned subsidiary, Tata Power Green Energy Limited (TPGEL), received a letter of award (LoA) to develop a 225 MW hybrid renewable power project. The LoA ...
