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JSW, Powerica, Torrent Win SECI’s 1.35 GW ISTS Wind Auction

JSW Neo Energy (JSW Energy), Powerica, and Torrent Power were declared winners in Solar Energy Corporation of India’s (SECI) auction to set up 1.35 GW inter-state transmission system (ISTS)-connected wind power projects with a 700...

July 24, 2024

Energy Storage

Corporate Funding for Energy Storage Surges to $15.4 Billion in 1H of 2024

Corporate funding for energy storage companies surged to $15.4 billion across 64 deals in the first half (1H) of 2024, reflecting a 117% increase from the $7.1 billion in 59 deals in 1H of 2023. The top five energy storage VC fund...

July 24, 2024

Markets & Policy

India’s 2024 Budget Push for Domestic Solar Manufacturing

Union Finance Minister Nirmala Sitharaman, in the first Budget under a new coalition government, laid out a series of measures to promote clean energy adoption and develop critical mineral supply chains. She highlighted “Ene...

July 23, 2024

C&I

India’s Green Goals Depend on Corporate Renewable Energy Adoption

Corporates and industries are at the forefront of decarbonization, setting ambitious net-zero targets and striving to achieve them through renewable energy adoption. These efforts include investing in green technologies, aligning ...

July 22, 2024

Latest News

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Tesla’s Energy Storage Revenue Doubles, but Q2 Profit Falls 45%

U.S.-based electric vehicle and clean energy company Tesla‘s revenue for the second quarter (Q2) of the financial year (FY) 2024 rose 2% year-over-year (YoY) to $25.5 billion, as declining automotive sales were partially offset by booming...

July 24, 2024

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NTPC Invites Bids for 20 MW Solar Project in Madhya Pradesh

NTPC has invited bids for a 20 MW ground-mounted solar project in the MGR Bulb area of NTPC Vindhyachal in Madhya Pradesh. The scope of work covers the design, engineering, supply, erection, and commissioning of the project. It also includes three...

July 24, 2024

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ITI Floats Tender for 18 MW Rooftop Solar Projects in Jammu and Kashmir

ITI Limited, a public sector undertaking under the Department of Telecommunication, has invited bids to empanel agencies for 18 MW grid-connected rooftop solar photovoltaic power systems on identified government buildings in the UT of Jammu and...

July 24, 2024

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Enphase Energy’s Q2 Profit Falls 71% Amid Demand Challenges

Microinverter and battery storage supplier Enphase Energy’s net income for the second quarter (Q2) of 2024 dropped 71.4% to $58.8 million as the Nasdaq-listed company continued to face demand headwinds. This is the fourth consecutive quarter in...

July 24, 2024

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UPNEDA Invites Bids for 3.205 GW Solar Projects Under PM KUSUM

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has floated a tender for 3.205 MW grid-connected solar power projects under feeder-level solarization of PM KUSUM component C2 program. The deadline for bid submission is August...

July 24, 2024

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Daily News Wrap-Up: Budget 2024 Promotes Clean Energy, Critical Mineral Chains

Union Finance Minister Nirmala Sitharaman, in the first Budget under a new coalition government, laid out a series of measures to promote clean energy adoption and develop critical mineral supply chains. She highlighted ‘Energy Security’...

July 24, 2024

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Funding and M&A Roundup: Peak Energy Secures $55 Million

Peak Energy, a sodium-ion battery manufacturer, secured $55 million in a Series A funding round led by Xora Innovation, Temasek’s Early-Stage deep-tech investing platform. The company will use this funding to commercialize sodium-ion battery...

July 24, 2024

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Project Finance Brief: Intersect Power Secures $837 Million in Project Financing

From: Mercom Capital Group Intersect Power, a utility-scale solar project developer, announced closing two separate transactions representing an aggregate of $837 million in financing commitments for constructing and operating three standalone...

July 24, 2024

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