Project Finance Brief Goldman Sachs' Renewable Arm to Finance a 216 MW Solar Project

Project Finance Brief: Goldman Sachs’ Renewable Arm to Finance 216 MW Solar Projects

CS Energy, an integrated energy firm that designs and builds optimized projects in the solar, storage, and emerging energy industries, has partnered with the Goldman Sachs Renewable Power Group and ...
/ / Finance and M&A, Other
Deutsche Bank Commits to Carbon Neutrality by 2050, Joins Net Zero Banking Alliance

Deutsche Bank Commits to Carbon Neutrality by 2050, Joins Net Zero Banking Alliance

Deutsche Bank has joined the new Net Zero Banking Alliance (NZBA), whose signatories commit to reaching carbon neutrality by 2050. The NZBA was recently formed with 43 banks from 23 ...
/ / Other, Renewable Energy
Maharashtra Defers Levying State Periphery Charges on Renewable Generators

Maharashtra Defers Levying State Periphery Charges on Renewable Generators

The Maharashtra Electricity Regulatory Commission (MERC) has accepted the recommendations of the deviation settlement mechanism (DSM) working group and deferred the levy of state periphery charges until further notice. The ...
/ / Grid, Market & Policy
Solar's Share in India's Installed Power Capacity Rises to 10.7%

Solar’s Share in India’s Installed Power Capacity Rises to 10.7%

India's installed renewable energy (including large hydro projects) capacity stood at 141.4 GW, accounting for a share of 36.94% in the overall power mix at the end of Q1 2021, ...
Rajasthan Allows Net Metering for Distributed Renewable Energy Under RESCO Model

Rajasthan Allows Net Metering for Distributed Renewable Energy Under RESCO Model

The Rajasthan Electricity Regulatory Commission (RERC) has permitted net metering and net billing arrangement for grid-connected distributed renewable energy systems under the renewable energy service company (RESCO) model. The regulations ...
/ / Other, Renewable Energy
Over 260 GW of Renewables Added Globally in 2020, Beating the Previous Record by 50%

Over 260 GW of Renewables Added Globally in 2020, Beating the Previous Record by 50%

According to data released by the International Renewable Energy Agency (IRENA), the world added more than 260 GW of renewable energy capacity in 2020, according to data released by the ...
/ / Other, Renewable Energy
National Average Power Purchase Cost of ₹3.85/kWh Set for Open Access Solar Projects

National Average Power Purchase Cost of ₹3.85/kWh Set for Open Access Solar Projects

The Central Electricity Regulatory Commission (CERC) has set the national Average Power Purchase Cost (APPC) for open access at ₹3.85 (~$0.052)/kWh. The APPC would be applicable during the financial year ...
/ / Grid, Market & Policy
Green Power Tariff

Consumers Opting for 100% Renewables to Pay ‘Green Power Tariff’ of ₹0.66/kWh

The Maharashtra Electricity Regulatory Commission (MERC) has, in a recent order, allowed a 'Green Power Tariff' of ₹0.66 (~$0.009)/kWh to be levied on consumers opting for 100% green energy. The ...
/ / Other, Renewable Energy
ReNew Power

Post IPO, ReNew Power Plans Over 18 GW of Renewables by 2025

ReNew Power, an India-based independent power producer, has plans to build a pipeline of around 18-19 GW of renewable capacity by the end of the financial year (FY) 2025, Sumant ...
/ / Finance and M&A, Other
Asia-Pacific Markets Are Most Challenging for Corporates to Shift to 100% Clean Energy

Asia-Pacific Markets are Most Challenging for Corporates to Shift to 100% Clean Energy

Asia-Pacific markets are among the most challenging in the world for global companies to switch to 100% renewable energy, RE100 said in a new report. RE100 is an initiative led ...
/ / Other, Renewable Energy
Renewable Energy Project Monitoring Consultants Invited to Empanel in Punjab

Renewable Energy Project Monitoring Consultants Invited to Empanel in Punjab

The Punjab Energy Development Agency (PEDA) has invited online applications from consultants to provide project monitoring services for the upcoming renewable energy projects in the state. The projects will be ...
EDP to Invest €24 Billion to Double its Solar and Wind Capacity by 2025

EDP to Invest €24 Billion to Double its Solar and Wind Capacity by 2025

EDP, a Portugal-based electric utility company, will invest €24 billion (~$29.10 billion) in the energy transition to double its solar and wind capacity from 12 GW to 25 GW by ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: Canadian Solar Closes $208 Million Japan Green Infrastructure Fund

Daily News Wrap-Up: Canadian Solar Closes $208 Million Japan Green Infrastructure Fund

Here are some noteworthy cleantech announcements of the day from around the world: Canadian Solar, a global solar module supplier, has announced the close of the Japan Green Infrastructure Fund, ...
/ / Other, Renewable Energy
These Consumers are Cutting Power Bills By Installing Rooftop Solar on Their Homes

These Consumers are Cutting Power Bills By Installing Rooftop Solar on Their Homes

The adoption of residential solar systems is picking up in India and with greater awareness and tremendous growth potential. To get a first-hand experience, Mercom spoke to several consumers who ...
/ / Consumers, Solar
Budget 2021 Allocates ₹45 Billion For High-Efficiency Solar Modules Manufacturing

Budget 2021 Allocates ₹45 Billion For High-Efficiency Solar Modules Manufacturing

The Union Budget 2021 has allocated exclusive funds to expand renewables, especially solar and green hydrogen. The Budget has elaborated on the production-linked incentive program to help the solar manufacturing ...
/ / Manufacturing, Solar
Daily News Wrap-Up_ Rooftop Solar to Meet 10% of Sunvik Steels' Power Needs in Bengaluru

Daily News Wrap-Up: Rooftop Solar to Meet 10% of Sunvik Steels’ Power Needs in Bengaluru

Here are some noteworthy cleantech announcement of the day from around the world: Sunvik Steels has partnered with Dexler Energy to develop 13 MW of rooftop solar projects at its ...
/ / Other, Renewable Energy
Daily News Wrap-Up_ Tata Power Solar to Build a 95 MW Solar Project for GSECL

Daily News Wrap-Up: Tata Power Solar to Build a 95 MW Solar Project for GSECL

Here are some noteworthy cleantech announcements of the day from around the world: Tata Power Solar has received a 'Letter of Award' to build a 95 MW of ground-mounted solar ...
/ / Other, Renewable Energy
Spain Awards 2.034 GW of Solar and 998 MW of Wind Projects in Latest Auction

Spain Awards 2 GW of Solar and 998 MW of Wind Projects in Latest Auction

Spain has allocated 3.034 GW of renewable energy capacity in its first renewable energy auction since 2017. In the auction held by the Ministry for the Ecological Transition, 2.034 GW ...
/ / Solar, Tenders & Auctions
Rhode Island Aims to Meet All its Energy Demand From Renewables by 2030

Rhode Island Aims to Meet All its Energy Demand From Renewables by 2030

The state of Rhode Island in the U.S. aims to meet 100% of its energy demand from renewable energy sources by 2030. Gina Raimondo, the governor of Rhode Island, signed ...
/ / Other, Renewable Energy
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