SJVN Green Energy, a subsidiary of SJVN, has invited bids to acquire or lease 4,000 acres of land for 28 years with all statutory clearances, including chain link fencing around the periphery of the land. The objective is to establish connectivity...

The Maharashtra Electricity Regulatory Commission (MERC) has directed the Tata Power Company Limited – Distribution (TPC-D), a  distribution company (DISCOM), to compensate Tata Power Green Energy (TPGEL) ₹491.2 million (~$5.89 million) against the...

Energy storage technology and solutions provider Fluence Energy recorded a net income of $4.82 million for the fourth quarter (Q4) of the fiscal year (FY) 2022-23, a year-over-year (YoY) increase of 91.4%, achieving profitability for the first time....

SB Energy Global, a U.S.-based integrated renewable energy platform, has secured $2.4 billion to support the development of renewable energy projects focusing on the domestic content utilization provision under the Inflation Reduction Act. The...

The Climate Finance Leadership Initiative, India (CFLI) has announced climate finance solutions with the potential to mobilize nearly $6.5 billion to support the country’s low-carbon, climate-resilient development. The announcement was made at the...

Global energy conglomerate bp will acquire an additional 50.3% interest in Lightsource bp for a base equity value of £254 million (~$320 million), taking full ownership of the global utility-scale solar and battery storage asset developer. The...

Government-owned infrastructure finance company REC Limited’s board of directors has approved an equity investment of ₹142.5 million (~$1.7 million) in Hindustan Power Exchange (HPX). The investment constitutes 19% of the proposed equity share...

India installed over 1.3 GW of rooftop solar capacity in the first nine months of the calendar year 2023, an increase of 12% year-over-year (YoY), according to Mercom India Research’s newly released Q3 2023 Mercom India Rooftop Solar Market Report....

The European Commission has proposed an action plan to ensure that electricity grids in the European Union (EU) operate efficiently and are rolled out further and faster. The action plan aims to help deliver the European Green Deal, which is a...