The State Bank of India (SBI) has proposed that the limit for lending to renewable energy entities under priority sector lending should be increased from ₹350 million (~$3.67 million) to ₹1 billion (~$10.5 million). The public sector lender has also...

The Maharashtra Krishna Valley Development Corporation (MKVDC), Pune, has invited expressions of interest (EoIs) for the development of a 59 MW floating solar project with a 29 MW/59 MWh battery storage system at the Ekrukh reservoir in the Solapur...

India’s solar cell manufacturing industry is entering a decisive phase as the domestic market adjusts to the implementation of the Approved List of Models and Manufacturers (ALMM) List-II mandate. Industry leaders said India’s success under ALMM...

Power Grid Corporation of India (POWERGRID) has signed a loan agreement of up to ¥80 billion (~$493.5 million) with the Japan Bank for International Cooperation (JBIC). The financing includes a ¥48 billion (~$296 million) contribution from JBIC,...

From: Mercom Capital Group Vena Energy, an independent solar power producer, has secured approximately A$1.4 billion (~$965 million) in green financing facilities to support solar and battery storage assets across Australia. The facilities cover two...

From: Mercom Capital Group Eos Energy Enterprises, a zinc-based long-duration energy storage solutions provider, has announced a $75 million equity investment from Hudson Bay Capital Management to support its investment in Frontier Power USA (FPUSA),...

The Appellate Tribunal for Electricity (APTEL) has partly allowed a solar installer’s appeal against the Punjab State Electricity Regulatory Commission’s (PSERC) 2018 order that reduced the tariff for a 10 MW rooftop solar project from...

United Solar, a polysilicon manufacturer for the solar industry, has completed the financial close of a previously announced $50 million equity investment from the International Finance Corporation (IFC), the private sector arm of the World Bank...