Center Infuses ₹15 Billion in IREDA to Boost Lending to the Renewable Energy Sector

Center Infuses ₹15 Billion in IREDA to Boost Lending to the Renewable Energy Sector

The Cabinet Committee on Economic Affairs has approved the equity infusion of ₹15 billion (~$201.27 million) in the Indian Renewable Energy Development Agency (IREDA). This fresh equity injection is expected ...
/ / Other, Renewable Energy
PFC and REC Reduce Lending Rates to Boost Expansion of Renewable Energy Projects

PFC and REC Reduce Lending Rates to Boost Expansion of Renewable Energy Projects

Power Finance Corporation (PFC) and REC Limited, public finance infrastructure companies, have reduced their lending rates by 40 basis points for all types of loans. The companies revised lending rates ...
/ / Other, Renewable Energy
Daily News Wrap-Up: MNRE and IRENA Join Efforts to Develop Green Hydrogen in India

Daily News Wrap-Up: MNRE and IRENA Join Efforts to Develop Green Hydrogen in India

Here are some noteworthy cleantech announcements of the day from around the world: India’s Ministry of New and Renewable Energy (MNRE) has signed a strategic partnership agreement with the International ...
/ / Other, Renewable Energy
Renewable Power to be 12% to 29% Cheaper than Fossil Fuel in India, China, Australia: Report

Renewable Power to be 12% to 29% Cheaper than Fossil Fuel in India, China, Australia: Report

India, China, and Australia are the top three countries where renewable energy is cheaper by 12% to 29% compared to the lowest-cost fossil fuel, Wood Mackenzie, a UK-based research firm, said ...
/ / Other, Renewable Energy
Himachal Pradesh’s New Policy Aims to Add 10 GW of Renewable Energy by 2030

Himachal Pradesh’s New Policy Aims to Add 10 GW of Renewable Energy by 2030

Himachal Pradesh government aims to add 10 GW of renewable energy capacity by 2030 under its ‘Swaran Jayanti Energy Policy’ to be presented this year. Himachal Pradesh leads in hydropower generation ...
/ / Other, Renewable Energy
Reliance Industries to Invest Close to ₹6 Trillion on Green Energy Projects in Gujarat

Reliance Industries to Invest Close to ₹6 Trillion on Green Energy Projects in Gujarat

Reliance Industries Limited (RIL) has signed a memorandum of understanding (MoU) with the Government of Gujarat to invest ₹5.955 trillion (~$80.61 billion) in renewable projects as a part of the ...
/ / Finance and M&A, Other
Energy Storage Company Hydrostor Secures $250 Million Funding from Goldman Sachs

Energy Storage Company Hydrostor Secures $250 Million Funding from Goldman Sachs

Hydrostor, a Canada-based long-duration energy storage solution provider, announced that it had secured $250 million funding from the Private Equity and Sustainable Investing Businesses within Goldman Sachs Asset Management. The company ...
/ / Energy Storage
Blackstone to Invest Nearly $3 Billion in Renewable Energy Developer Invenergy

Blackstone to Invest Nearly $3 Billion in Renewable Energy Developer Invenergy

Global investment firm Blackstone has announced that funds managed by Blackstone Infrastructure Partners will invest approximately $3 billion equity investment in Invenergy Renewables Holdings. Caisse de dépôt et placement du ...
/ / Finance and M&A, Solar
Month in a Minute Top Headlines from Indian Renewable Sector in December 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in December 2021

Here is a recap of some of the most important headlines from December 2021: Ministry of New and Renewable Energy (MNRE) announced that India crossed the 150 GW milestone of ...
/ / Other, Renewable Energy
Australia Announces $100 Million Funding for Grid-Scale Battery Storage Projects

Australia Announces $100 Million Funding for Grid-Scale Battery Storage Projects

The Australian Renewable Energy Agency (ARENA) has announced a $100 million competitive funding round for grid-scale batteries with advanced inverters to support the grid. Expressions of interest (EoI) will open ...
Top Developments in the Indian Energy Storage Sector in 2021

Top Developments in the Indian Energy Storage Sector in 2021

India aims to have 500 GW of non-fossil fuel capacity by 2030. While renewable energy installations are steadily increasing, the country lacks adequate energy storage solutions to support the integration ...
/ / Mercom Research Focus, Other
German Development Bank KfW to Raise €10 Billion Through Green Bonds in 2022

German Development Bank KfW to Raise €10 Billion Through Green Bonds in 2022

German development bank Kreditanstalt für Wiederaufbau (KfW) plans to raise €80 billion (~$90.35 billion) to €85 billion (~$96 billion) of funding in 2022, which will include at least €10 billion (~$11.3 billion) of green bond ...
/ / Finance and M&A, Other
Daily News Wrap-Up: No Final Decision on Rollback of Electricity Amendment Bill: RK Singh

Daily News Wrap-Up: No Final Decision on Rollback of Electricity Amendment Bill: RK Singh

Here are some noteworthy cleantech announcements of the day from around the world: Union Power Minister R.K. Singh has said no final decisions have been made regarding the rollback of ...
/ / Other, Renewable Energy
AES Corporation Acquires Community Energy to Boost its Solar & Storage Project Pipeline

AES Corporation Acquires Community Energy to Boost its Solar & Storage Project Pipeline

Energy firm AES Corporation has acquired Community Energy, a U.S.-based solar developer, to expand its solar and storage project pipeline. AES has signed power purchase agreements (PPAs) to deliver 4 GW ...
/ / Finance and M&A, Solar
Malaysia's Renewable Energy Target for 2025 Will be Driven By Solar Report

Malaysia’s Renewable Energy Target for 2025 Will be Driven By Solar: Report

Malaysia's 2025 target to have 31% of total power capacity from renewable energy sources is expected to be supported by the strong solar sector growth, Fitch Solutions, a London-based research firm, ...
/ / Other, Renewable Energy
Renewable Energy Sector Attracts $1 Billion in FDI in the First Half of FY 2021-21

Renewable Energy Sector Attracts $1 Billion in FDI in the First Half of FY 2021-21

The foreign direct investment (FDI) in India's renewable energy sector stood at $1.03 billion (~₹77.55 billion) for the first half (1H) of the financial year (FY) 2021-22. The renewable sector ...
/ / Finance and M&A, Other
Ecuador Floats Tender for 500 MW of Renewable Energy Projects

Ecuador Floats Tender for 500 MW of Renewable Energy Projects

The Ministry of Energy and Non-Renewable Natural Resources of Ecuador has issued the call for tenders for three public selection processes for financing, construction, operation, and maintenance of two power generation projects ...
/ / Solar, Tenders & Auctions
India Likely to Have Energy Surplus of 6.4% During 2021-22 CEA

India Likely to Have Energy Surplus of 6.4% During 2021-22: CEA

India is likely to have an energy surplus of 6.4% and a peak surplus of 9.1% for the year 2021-22, according to the Central Electricity Authority’s (CEA) latest Load Generation ...
/ / Other, Renewable Energy
MNRE Approves ₹4.54 Billion for Three Programs to Facilitate Growth of Renewables

MNRE Approves ₹4.54 Billion for Three Programs to Facilitate Growth of Renewables

The Ministry of New and Renewable Energy (MNRE) has approved the allocation of ₹4.54 billion (~$59.92 million) for three programs to foster the growth of renewables in the country. Renewable ...
/ / Other, Renewable Energy
What it Will Take for India's Clean Energy Sector to Unlock Billions in Foreign ESG Funds

What it Will Take for India’s Clean Energy Sector to Unlock Billions in Foreign ESG Funds

The Indian renewable energy (RE) market is one of the most attractive destinations for foreign investors. According to the 2020 Climate Transparency report, India is the only G20 nation on ...
/ / Mercom Research Focus, Other
Daily News Wrap-Up: KKR Unveils Renewable Platform to Develop Solar, Storage Projects

Daily News Wrap-Up: KKR Unveils Renewable Platform to Develop Solar, Storage Projects

Here are some noteworthy cleantech announcements of the day from around the world: Global investment firm KKR has launched Stellar Renewable Power. The new platform will source, develop and operate ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Ayana Renewable Commissions a 150 MW Solar Project

Daily News Wrap-Up: Ayana Renewable Commissions a 150 MW Solar Project

Here are some noteworthy cleantech announcements of the day from around the world: Bangalore-based renewable energy platform Ayana Renewable Power announced that it had commissioned 150 MW out of 300 MW ...
/ / Other, Renewable Energy
Global Renewable Electricity Additions Set to Reach 290 GW in 2021: IEA

Global Renewable Electricity Additions Set to Reach 290 GW in 2021: IEA

Despite rising costs for critical materials used to make solar panels and wind turbines, almost 290 GW of new renewable power projects will be commissioned in 2021, a 3% year-over-year ...
/ / Other, Renewable Energy
Month in a Minute: Top Headlines from Indian Renewable Sector in November 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in November 2021

Here is a recap of some of the most important headlines from November 2021: Solar is now the top renewable energy source in India, with 46.8 GW of installed capacity ...
/ / Other, Renewable Energy
Daily News Wrap-Up: ITI Installs a 100 kW Rooftop Solar System In Lucknow

Daily News Wrap-Up: ITI Installs a 100 kW Rooftop Solar System In Lucknow

Here are some noteworthy cleantech announcements of the day from around the world: ITI Limited inaugurated a 100 kW capacity captive rooftop solar power project in Lucknow, Uttar Pradesh. This ...
/ / Other, Renewable Energy