Low-Carbon Energy Tech Investment Exceeds $1 Trillion for First Time Globally
Investments in the low-carbon energy transition have accounted for a record-breaking $1.1 trillion in 2022 and have reached parity with capital deployed for fossil fuel supply, a BloombergNEF report has ...
NTPC Floats Balance of System Tender for 1 GW Solar Projects
NTPC Renewable Energy has invited bids for the balance of system (BoS) package with land for interstate transmission system (ISTS)-connected solar projects up to 1,000 MW anywhere in India except ...
MNRE Grants Timeline Extension for Solar Projects Bid Before BCD Announcement
The Ministry of New and Renewable Energy (MNRE) has extended the timeline for the completion of solar and wind-solar hybrid projects for which bids were finalized before March 9, 2021 ...
Solar Sector Pins Hopes on Budget 2023, Here’s the Long Wish List
The solar sector has a long wish list for the Union Budget 2023, which will be presented in a few days. Stakeholders look forward to Finance Minister Nirmala Sitharaman announcing ...
Consumers with Smart Energy Meters Must be Billed on Actual Load: Minister
Union Minister of Power and New & Renewable Energy R.K. Singh has advised states to ensure that no penalty is levied on any consumer for higher load discovered after the ...
Maharashtra Invites Bids to Procure 350 MW of Solar Power
The Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure 350 MW of solar power from projects to be developed in the state. MSEDCL has set a ceiling ...
Hecate Energy Secures $550 Million to Support Renewables Expansion
U.S.-based Hecate Energy, a developer of renewable projects and provider of energy storage solutions, closed a five-year $550 million credit facility package, including a $250 million term loan and $300 ...
Solar Cold Storage Tech Company Ecozen Raises $25 Million for Energy Transition
Pune-based solar cold storage solutions provider Ecozen has raised $25 million in equity and debt capital in its series C round as it looks beyond agriculture to expand into new ...
Rajasthan Signs MoUs Worth ₹1.23 Trillion for Renewable Projects
To project Rajasthan as an attractive investment destination, the Rajasthan government has signed memorandums of understanding (MoUs) for nearly ₹1.23 trillion (~$15.77 billion) of renewable energy projects under the Invest ...
Gujarat Urban Development Company Invites bids for 2 MW Solar Projects
The Gujarat Urban Development Company (GUDC) has invited bids to commission 2,027.78 kW solar projects across six urban local bodies in Gujarat. The projects' estimated cost is ₹154.64 million (~$1.9 ...
Funding and M&A Roundup: SunRoof Raises $30.8 Million to Fund Expansion Plans
From: Mercom Capital Group SunRoof, a Sweden-based rooftop solar systems provider, announced a €13.5 million (~$14.6 million) extension with a new investment taking its total growth funding round to €28.5 ...
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas
From: Mercom Capital Group Sol Systems, a solar finance and development company, acquired a 190 MW solar development project in Uvalde County, Texas, from ABEI Energy, an independent power producer. The acquisition was ...
Daily News Wrap-Up: State of Solar PV Manufacturing in India
India’s solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 GW by the end of the calendar year ...
Adani Green’s Renewable Capacity Up 35% YoY to 7,324 MW in 9M FY23
Adani Green Energy's (AGEL) total operational capacity has increased 35% year-over-year (YoY) to 7,324 MW in the first nine months (9M) of the current financial year. The company's operational portfolio ...
Odisha Regulator Sets Tariff of ₹7.25/kWh for 25 MW Solar Project
Odisha Electricity Regulatory Commission (OERC) has approved the power purchase agreement (PPA) executed between Grid Corporation of Odisha (GRIDCO) and ACME Odisha Solar Power to procure power from a 25 ...
Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025
India's solar photovoltaic (PV) module manufacturing capacity exceeded 39 GW at the end of September 2022 and is expected to reach ~95 GW by the end of the calendar year ...
Uttarakhand’s Draft Solar Policy Targets 2,000 MW Capacity by 2028
The Uttarakhand Government has released a draft solar policy that targets 2,000 MW of installed solar capacity and envisages boosting the proportion of solar power in power distribution companies (DISCOMs) ...
UAE’s Masdar to Develop 5 GW Renewable Energy Projects in Africa
UAE government-owned renewable energy company Masdar has signed agreements with Angola, Uganda, and Zambia to develop renewable energy projects with a combined capacity of up to 5 GW to help ...
Researchers Improve Perovskite Solar Cell’s Resistance to Degradation
Researchers at the École Polytechnique fédérale de Lausanne (EPFL) and Sungkyunkwan University in South Korea have identified the cause behind the degradation of perovskite solar cells and developed a technique ...
JSW Energy’s Q3 Profit Dips 45% YoY to ₹1.8 Billion
JSW Energy, an independent power producer, posted a 45% year-over-year (YoY) drop in its profit at ₹1.8 billion (~$22.2 million) for the third quarter (Q3) of the financial year 2023, ...
Daily News Wrap-Up: RBI to Auction Green Bonds on January 25
The government announced the sale of sovereign green bonds (SGB) worth ₹80 billion (~$986 million) through an auction by the Reserve Bank of India, Mumbai, on January 25. The auction ...
Visakhapatnam Port Authority Floats O&M Tender for 10 MW Solar Project
Visakhapatnam Port Authority has invited bids for the annual maintenance contract of a 10 MW solar power project for one year. The last date to submit the bids is February ...
Lightsource bp Closes Tax Equity Investment Deal for 481 MW Solar Projects
Lightsource bp, a global utility-scale solar project developer, announced closing a tax equity investment from Wells Fargo and Company for a 481 MW solar project portfolio in the U.S. The ...
Metals Used in Energy Transition Presents $10 Trillion Investment Opportunity
The market value for crucial metals needed in energy transition technology will likely triple by 2050 to present a $10 trillion opportunity, BNEF’s first Transition Metals Outlook showed. It said ...
US Announces Funding for Community-Centered Clean Energy Programs
The U.S. Department of Energy (DOE) has released guidance for state, local, and tribal governments to apply for funding through the Energy Efficiency and Conservation Block Grant (EECBG) Program. This ...
