Low-Carbon Energy Tech Investment Exceeds $1 Trillion for First Time Globally

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 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 ...
/ / Solar, Tenders and Auctions
MNRE Grants Timeline Extension for Solar Projects Bid Before BCD Announcement

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 ...
/ / Markets & Policy, Solar
Solar Sector Pins Hopes on Budget 2023, Here’s the Long Wish List

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

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

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 ...
/ / Solar, Tenders & Auctions
Hecate Energy Secures $550 Million to Support Renewables Expansion

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

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

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 ...
/ / Other, Renewable Energy
Gujarat Urban Development Company Invites bids for 2 MW Solar Projects

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 ...
/ / Solar, Tenders & Auctions
Funding and M&A Roundup SunRoof Raises $30.8 Million to Fund Expansion Plans

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 ...
/ / Finance and M&A, Other
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas

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 ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: State of Solar PV Manufacturing in India

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 ...
/ / Daily Wrap-up, Other
Adani Green's Renewable Capacity Up 35% YoY to 7,324 MW in 9M FY23

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 ...
/ / Other, Renewable Energy
Odisha Regulator Sets Tariff of ₹7.25kWh for 25 MW Solar Project

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 ...
/ / Markets & Policy, Solar
Indian Solar Module Manufacturing Capacity to Reach 95 GW by 2025

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

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) ...
/ / Markets & Policy, Solar
Project Finance Brief: Sol Systems Acquires 190 MW Solar Project in Texas

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 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 ...
/ / Solar, Technology
JSW Energy’s Q3 Profit Dips 45% YoY to ₹1.8 Billion

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, ...
/ / Finance and M&A, Other
Daily News Wrap-Up: RBI to Auction Green Bonds on January 25

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 ...
/ / Daily Wrap-up, Other
Visakhapatnam Port Authority Floats O&M Tender for 10 MW Solar Project

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 ...
/ / Solar, Tenders & Auctions
Lightsource bp Closes Tax Equity Investment Deal for 481 MW Solar Projects

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

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 ...
/ / Other, Renewable Energy
US Announces Funding for Community-Centered Clean Energy Programs

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 ...
/ / Energy Efficiency, Other