Adani Green’s Profits Up 50% YoY in Q2 FY23 on the Back of Higher Sale of Power
Adani Green Energy (AGEL) posted cash profits of ₹6.01 billion (~$73.98 million) in the second quarter (Q2) of the financial year (FY) 2023, a 50% increase over ₹4.01 billion (~$49.36 ...
SB Energy to Sell Power to Google from its 1.2 GW Solar Projects in Texas
Renewable energy developer SB Energy Global said that Google will buy approximately 75% (942 MW) of the clean energy produced by the company’s four Texas-based upcoming solar projects with a ...
SoftBank’s Renewable Energy Platform Receives $600 Million Equity Investment from Ares
SB Energy, SoftBank Group's U.S. Climate Infrastructure Technology platform, announced that funds managed by the Infrastructure and Power strategy of Ares Management Corporation are leading a strategic equity investment of ...
Adani, Avaada, and Azure – Top Utility-Scale Solar Project Developers in 1H 2021
Adani Solar, Avaada Energy, and Azure Power have emerged as the top utility-scale solar project developers in the first half (1H) of the calendar year (CY) 2021, according to Mercom’s India ...
Funding and M&A Roundup: Aker Horizons Acquires Mainstream Renewable Power
From: Mercom Capital Group Aker Horizons, an investment company, closed the transaction to acquire Mainstream Renewable Power, an independent renewable energy company. Existing Mainstream shareholders have re-invested and retained 25% ...
Adani, Hero Future Energies, and SB Energy: Top Utility-Scale Solar Developers in 2020
Large-scale solar projects accounted for 78% of the total installations in India with 2.52 GW in 2020. While the industry is upbeat about the prospects in 2021, the second wave ...
SECI Auctions 480 MW Out of its 1.2 GW Solar Tender, Sees Lowest Tariff of ₹2.53/kWh
Softbank Energy (SB Energy) and GRT Jewellers India (GRT) have been allocated capacities totaling 480 MW in the auction held by the Solar Energy Corporation of India (SECI) against its ...
SECI’s 1.2 GW Wind Auction Sees Lowest Tariff of ₹2.82/kWh
Four wind project developers- Ostro Energy (300 MW), Adani Renewables (250 MW), Srijan Energy Systems (150 MW), and Powerica Limited (50.60 MW), have quoted the lowest tariff of ₹2.82 (~$0.040)/kWh ...
SECI’s 1.2 GW Wind Tender Garners Huge Response, Oversubscribed by 1,125 MW
The recent wind tender issued by the Solar Energy Corporation of India (SECI) for 1,200 MW of projects have been oversubscribed by 1,125 MW. These ISTS-connected wind projects were issued ...
Solar Auctions in 2018: Who Had the Biggest Share of the Pie?
India's solar market is on a roll with over 24 GW of large-scale solar photovoltaic (PV) capacity installed in the country as of December 2018. According to Mercom India Research, ...
India’s First Mega Solar-Wind Hybrid Auction Sees Lowest Tariff of ₹2.67/kWh
In the first mega solar-wind hybrid auction conducted in the country by the Solar Energy Corporation of India (SECI), a tariff of ₹2.67 (~$0.03794)/kWh emerged as the lowest (L1) one ...
Ecoppia to Deploy 2,000 Panel Cleaning Robots in Bhadla Solar Park for SB Energy
Ecoppia, a robotics company providing photovoltaic solar panel cleaning, has signed an agreement with SB Energy to install two thousand robots across its five project sites at the Bhadla Solar Park (Phase ...
Sprng Energy, Ayana and SB Energy are the Winners in 750 MW NTPC Auction
Sprng Energy, Ayana Renewable Power, and SB Energy were winners in the recently conducted auction by the National Thermal Corporation of India (NTPC) for 750 MW of solar projects in ...
Wind sector VC funding comes in at $210 million in Q2 2013, strong project acquisition activity
Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the wind sector during the second ...
