Archive

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Bihar Invites Bids for 200 MW Rooftop Solar Projects

Bihar Renewable Energy Development Agency (BREDA) has invited expressions of interest for the empanelment of agencies for grid-connected rooftop solar power projects of...

April 26, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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REC Avails $388 Million Loan from SACE for Green Energy Projects

Public infrastructure finance company REC Limited has availed a green loan of ¥60.5 billion (~$387.6 million) from SACE, an Italian export credit agency, to finance a...

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Daily News Wrap-Up: RUMSL Invites Bids to Develop 170 MW Solar Project

Rewa Ultra Mega Solar (RUMSL) has issued a request for proposal to develop a 170 MW grid-connected ground-mounted solar photovoltaic project in the Neemuch Solar Park in...

April 26, 2024

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Mercom Staff

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Daily Wrap-up
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US Solar Manufacturers File Trade Petition Against Solar Imports From Southeast Asia

In a significant move aimed at protecting the burgeoning U.S. solar manufacturing sector, the American Alliance for Solar Manufacturing Trade Committee has filed...

April 26, 2024

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Arjun Joshi

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Markets & Policy

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Solar
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Captive Segment Growth Drives KPI Green’s Profit Up 36% in Q4 FY24

Renewable energy solutions provider KPI Green Energy posted a revenue of ₹2.93 billion (~$35.16 million) in the fourth quarter (Q4) of the financial year (FY) 2023-24,...

April 26, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Corporate Funding in Energy Storage Sector Surges Five-Fold to $11.7 Billion in Q1

The global energy storage sector witnessed a 432% increase year-over-year (YoY) in corporate funding, totaling $11.7 billion across 29 transactions, from $2.2 billion in...

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CERC Grants Connectivity for 300 MW Solar Project Citing Force Majeure Events

The Central Electricity Regulatory Commission (CERC) relaxed rules, allowing ACME Solar (ACME) to switch the connectivity of its 300 MW solar power project to the land...

April 25, 2024

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Gautamee Hazarika

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Markets & Policy

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Solar
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Hitachi Energy Invests $1.5 Billion to Meet Surging Transformer Demand

Hitachi Energy, a subsidiary of Japan-based conglomerate Hitachi, will ramp up its global manufacturing capacity for transformers with a $1.5 billion investment by 2027,...

April 25, 2024

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Staff

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Manufacturing

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Solar
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US Aims to Slash Grid Interconnection Timeline from 33 to Under 12 Months by 2030

The U.S. Department of Energy (DOE) has introduced a comprehensive roadmap to expedite the integration of clean energy sources into the national transmission grid. The...

April 25, 2024

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Gautamee Hazarika

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Grid

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Market & Policy
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Daily News Wrap-Up: China Installs 46 GW Solar Capacity in Q1 2024

China installed 45.74 GW of solar power capacity in the first quarter of 2024, a 35.8% year-over-year growth, according to the National Energy Administration. The...

April 25, 2024

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Mercom Staff

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Daily Wrap-up

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