sustainability

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ITC Commissions 9.45 MW Offsite Solar Project in Karnataka

Multi-business conglomerate ITC has commissioned its second offsite solar project, with a capacity of 9.45 MW, in Davanagere district in Karnataka. The project is ITC’s...

October 16, 2024

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Tina Freese

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Solar

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Tenders & Auctions
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Solar Industry’s 2024 Budget Wishlist: Tax Cuts, GST Reforms and Fiscal Incentives

With India’s aggressive clean energy push likely to sustain the momentum it has seen in recent years, all eyes are on the Union Budget 2024 to be presented by...

July 19, 2024

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Gautamee Hazarika

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Mercom Research Focus

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Renewable Energy
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Reliance to Source Electrolyzer Technology from Norway’s Nel

Nel Hydrogen Electrolyser, a wholly-owned subsidiary of Nel ASA, has announced a technology licensing agreement with Reliance Industries (RIL). The agreement grants RIL...

May 22, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Bengaluru’s Cricket Stadium Saves ₹7.2 Million Annually with Rooftop Solar

Indian cricket’s prestigious event of the year, the Indian Premier League (IPL), is underway, and the league’s fan-favorite team, the Royal Challengers...

April 5, 2024

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Satish Shetty

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Consumers

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Rooftop

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Solar
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Vena Energy Secures $600 Million Loan to Boost Renewable Projects in APAC

Singapore-based renewable energy firm Vena Energy signed a five-year sustainability-linked revolving credit facility worth JP¥87 billion (~$600 million) to accelerate...

February 22, 2024

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Staff

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Finance and M&A

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Renewable Energy
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Tamil Nadu Floats Tender for 420 MW Solar Projects Under KUSUM

Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has floated a tender to set up 420 MW of solar power projects under Component A of the Pradhan Mantri Kisan...

February 7, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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Energy Major Repsol Acquires US Onshore Wind Firm ConnectGen for $768 Million

Madrid-based energy and petrochemical company Repsol has acquired ConnectGen, a U.S.-based renewable energy development company, for $768 million from Quantum Capital...

September 11, 2023

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Gautamee Hazarika

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Markets & Policy

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Wind
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G20 Calls for Phasing Down Coal, Tripling Clean Energy Capacity by 2030

The recently concluded G20 Leaders’ Summit in Delhi called for a dedicated fund for the energy transition efforts of developing countries, phasing down unabated...

September 11, 2023

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Arjun Joshi

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Other

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Renewable Energy
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US Releases New Guidelines For Clean Energy Jobs Under Inflation Reduction Act

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed rules and guidelines under the Inflation Reduction Act (IRA) to harmonize...

August 31, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: Reactive Power Support for Renewables Key to Prevent Blackouts

The drive towards energy security and cleaner power sources has led to robust renewable energy capacity additions in India. Among renewables, solar and wind energy –...

August 30, 2023

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Mercom Staff

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Daily Wrap-up
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UAE Banks Prioritize Green Financing to Tackle Climate Change

The UAE Banks Federation (UBF) has disclosed that six major banks, including the First Abu Dhabi Bank, the Abu Dhabi Commercial Bank, the Emirates NBD, the Dubai Islamic...

August 28, 2023

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Rakesh Ranjan

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Finance and M&A

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Other

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Renewable Energy
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Occidental Acquires a Direct Air Capture Tech Firm in a $1.1 Billion Deal

Occidental, a U.S.-headquartered global energy company, has announced the acquisition of Carbon Engineering, a company specializing in direct air capture (DAC)...

August 17, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Cabinet Approves ₹576 Billion Program to Boost Urban Electric Mobility

In a move towards promoting sustainable urban transportation and economic growth, the Union Cabinet has approved the “PM-eBus Sewa” program, under which  10,...

August 16, 2023

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Gautamee Hazarika

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Electric Vehicles

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Markets & Policy
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ICICI Bank Lends ₹119 Billion Under Green Financing Portfolio in Fiscal 2023

ICICI Bank has provided loans amounting to ₹556 billion (~$6.7 billion) to sectors like renewable energy, electric vehicles, and green-certified real estate, among other...

August 8, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Cement-Carbon Black Supercapacitor Can Store Energy at Low Cost: MIT

Researchers at the Massachusetts Institute of Technology (MIT), along with colleagues from the Wyss Institute for Biologically Inspired Engineering, have discovered that...

August 4, 2023

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Gautamee Hazarika

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Solar

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Technology

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