Belectric's US Solar Operations and Maintenance Business Acquired by CAMS

Belectric’s US Solar Operations and Maintenance Business Acquired by CAMS

US-based Consolidated Asset Management Services (CAMS) has acquired Belectric's US solar operations and maintenance (O&M) business, including its 141 operating sites across 11 states. With this acquisition, the company continues ...
/ / Finance and M&A, Solar
ITC Aims to Become Carbon Neutral by 2030

ITC Aims to Meet its Entire Energy Needs from Renewable Sources by 2030

ITC, an Indian multi-business conglomerate, aims to meet 100% of its entire energy needs from renewable sources by 2030. It aims to achieve a 50% reduction in specific emissions and ...
/ / Other, Renewable Energy
Morocco Issues Tender for 400 MW of Solar Projects

Morocco Issues Tender for 400 MW of Solar Projects

The Moroccan Agency for Sustainable Energy (Masen) has issued a tender to develop 400 MW of solar projects as a part of its Noor PV-II multi-site program. The last date ...
/ / Solar, Tenders & Auctions
China Added Over 40 GW of Solar Capacity in 2020_ AECEA

China Added Over 40 GW of Solar Capacity in 2020: AECEA

China may have installed up to over 40 GW of solar capacity in 2020 based on preliminary data, according to a new report from the Asia Europe Clean Energy Advisory ...
/ / Markets & Policy, Solar
DISCOMs Must Pay Existing Renewable Developers On Time to Attract New Competitive Bids

DISCOMs Must Pay Existing Renewable Developers On Time to Attract New Competitive Bids

The Maharashtra Electricity Regulatory Commission (MERC) recently heard the petition of the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to relax penalty for unmet renewable purchase obligation (RPO) targets and ...
/ / Other, Renewable Energy
Ayana Renewable Raises $390 Million in Equity Funding

Ayana Renewable Raises $390 Million in Equity Funding

Bangalore-based renewable energy platform Ayana Renewable Power Private Limited has raised $390 million (~₹28.6 billion) in the latest round of funding. The CDC Group-UK’s development finance institution, National Investment and ...
/ / Finance and M&A, Solar
Where Does India’s Rooftop Solar Market Stand Since COVID-19 Lockdown_

Where Does India’s Rooftop Solar Market Stand Since COVID-19 Lockdown?

India's rooftop solar industry has started recovering steadily from the adverse effects of the COVID-19 pandemic, with the country returning to normalcy following the easing of lockdown restrictions in phases ...
/ / Mercom Research Focus, Other
AIIB’s $100 Million Funding to Provide Loans to Small & Medium Renewable Companies

AIIB’s $100 Million Funding to Provide Loans to Small & Medium Renewable Companies

The Asian Infrastructure Investment Bank (AIIB) approved a $100 million funding for the ADM Capital Elkhorn Emerging Asia Renewable Energy Fund. The ADM Capital Elkhorn Emerging Asia Renewable Energy Fund ...
/ / Finance and M&A, Other
France and India Have A Crucial Partnership in Renewables_ Mercom RE-Invest Session

France and India Have A Crucial Partnership in Renewables: Mercom RE-Invest Session

The third global RE-Invest 2020, a three-day summit organized by the Ministry of New and Renewable Energy (MNRE), was inaugurated by Prime Minister Narendra Modi on November 26, 2020. The ...
/ / Other, Renewable Energy
UK Mulls Changes in its Renewable Program to Increase Generation

UK Mulls Changes in its Renewable Program to Increase Generation

The United Kingdom is one of the first few major economies to announce that it would cut emissions to net-zero by 2050. This is a landmark decision, and it confirms ...
/ / Other, Renewable Energy
India Will Lead The Renewable Energy Upswing in 2021_ IEA Report

India Will Lead The Renewable Energy Upswing in 2021: IEA Report

The International Energy Agency's (IEA) latest report 'Renewables 2020' forecasts the impact of COVID-19 on the renewable sector. According to the report, the renewables used for generating electricity will grow ...
/ / Other, Renewable Energy
India Poised to Drive Global Energy Demand Growth: bp Report

India Poised to Drive Global Energy Demand Growth: bp Report

The global energy system is fundamentally restructuring and becoming more diverse, driven by customer needs and increased competition between fuels, said the latest bp Energy Outlook 2020. The report highlights ...
/ / Other, Renewable Energy
Solar and Wind Installations Outshine Fossil Fuel-Based Installations in 2019_ Report

Solar and Wind Installations Outshine Fossil Fuel-Based Installations in 2019: Report

As the world embraces renewable energies to combat the disastrous effects of climate change, solar and wind power installations continue to surge despite challenges. BloombergNEF’s (BNEF) Power Transition Trends 2020 ...
/ / Other, Renewable Energy
To Boost Liquidity, RBI Increases Priority Sector Lending Limit for Renewable Energy

To Boost Liquidity, RBI Increases Priority Sector Lending Limit for Renewable Energy

The Reserve Bank of India (RBI) has introduced several policy measures to enhance liquidity support for the financial market and other stakeholders to ease the financial stress caused by the ...
/ / Other, Renewable Energy
Tata Power to Set Up Infrastructure Investment Fund to Bolster Its Renewable Business

Tata Power to Set Up Infrastructure Investment Fund to Bolster Its Renewable Business

Tata Power announced that its board of directors had given its in-principle approval for setting up an infrastructure investment fund (InvIT) for the company’s renewable business. The Mumbai-based power electric ...
India Overtakes Japan as the Fifth Largest Hydropower Generator in the World_ IHA Report

India Overtakes Japan as the Fifth Largest Hydropower Generator in the World: IHA Report

The International Hydropower Association (IHA) has released its 2020 Hydropower Status Report, which notes that India overtook Japan as the fifth largest hydropower generator in the world with an installed ...
India’s Carbon Emission Level Drops Sharply Amid COVID-19 Lockdown

India’s Carbon Emission Level Drops Sharply Amid COVID-19 Lockdown

The economic downturn, growth of the renewable sector, and the impact of COVID-19 pandemic have achieved what was earlier thought impossible. A combination of these factors has led to a ...
Share of Solar & Wind Rose Despite Depressed Global Power Demand Amid Pandemic_ IEA

Share of Solar & Wind Rose Despite Depressed Global Power Demand Amid Pandemic: IEA

Until mid-April 2020, countries that were under complete lockdown due to coronavirus experienced a decline of 25% in energy demand per week. Whereas, in countries that were under partial lockdown, ...
Energy Storage in Emerging Markets to Increase by Over 40% Every Year Until 2025_ IRENA

Energy Storage in Emerging Markets to Increase by Over 40% Every Year Until 2025: IRENA

Battery storage systems are emerging as a potential solution for integrating solar and wind renewables in power systems across the globe. The systems have the unique capability to absorb quickly, ...
Sizeable Investments Waiting to be Unlocked in India’s Solar Open Access Market

Sizeable Investments Waiting to be Unlocked in India’s Solar Open Access Market

The total installed solar capacity in the open access market reached 3.6 GW at the end of the calendar year (CY) 2019 and the pipeline of projects under development and ...
Uzbekistan Seeks Foreign Investors to Develop 400 MW of Solar Projects

Uzbekistan Seeks Foreign Investors to Develop 400 MW of Solar Projects

The Ministry of Energy of the Republic of Uzbekistan has invited Expression of Interest (EoI) from international investors to develop nearly 400 MW of solar independent power producer (IPP) projects ...
/ / Solar, Utility Scale
Masdar Announces Plans to Develop 145 MW of Floating Solar Projects in Indonesia

Masdar Announces Plans to Develop 145 MW of Floating Solar Projects in Indonesia

Masdar (or the Abu Dhabi Future Energy Company) announced that it had signed a power purchase agreement (PPA) with Perusahaan Listrik Negara (PLN), Indonesia’s state electricity company, for a 145 ...
IFC to Lend $36 Million to Mahindra Renewables for a 250 MW Solar Project in Rajasthan

IFC to Lend $36 Million to Mahindra Renewables for a 250 MW Solar Project in Rajasthan

The International Finance Corporation (IFC), the financial arm of the World Bank, has announced its plan to lend $36 million (~₹2.57 billion) for a 250 MW solar project by Mahindra ...
Month in a Minute_ Top Headlines from India’s Renewable Sector in December 2019

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 ...
A Round Up of Key Policy Updates for Solar and Other Renewables for December

A Round Up of Key Policy Updates for Solar and Other Renewables for December

December witnessed some key policy announcements, both at the central and the state level, aimed at removing the bottlenecks and facilitating the growth of the renewable sector, especially solar. Here ...
/ / Markets & Policy, Solar