India’s Solar Power Generation Up by 34% YoY in 1H 2022
India generated 47.64 BU of solar power in the first half (1H) of the calendar year (CY) 2022, an increase of 34% compared to the same period last year. Solar ...
Month in a Minute: Top Headlines from Indian Renewable Sector in July 2022
Here is a recap of some of the most important headlines from July 2022: India’s installed renewable energy capacity, including large hydro projects, stood at 159.81 GW, accounting for a ...
DISCOM Dues to Renewable Generators Inch Up to ₹237 Billion in July
Distribution companies (DISCOMs) owed renewable energy generators ₹237.06 billion (~$3 billion) in overdue payments (excluding disputed amounts) at the end of July, according to Ministry of Power data. The figure ...
India added 430 MW of Wind Capacity in Q2 2022
India added 430.45 MW of wind power capacity in the second quarter (Q2) of 2022, a 57% quarter-over-quarter (QoQ) increase compared to 275 MW installed in Q1 2022. The cumulative ...
Residential Rooftop Solar Systems Above 10 kW Are Eligible for Subsidy of ₹94,822
The Ministry of New and Renewable Energy (MNRE) has issued new and simplified central financial assistance (CFA) calculations for rooftop solar systems installed by residential consumers. The ministry also launched ...
Funding and M&A Roundup: PNE AG Acquires Majority Stake in Spanish Solar Developer
From: Mercom Capital Group PNE AG, a German power-focused renewables company, has acquired 51% of the shares in Coliaenergia (KOLYA), a Spanish developer of large solar projects from Consultoria Industrial Beaguihe and Garisun ...
Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project
From: Mercom Capital Group Spearmint Energy, a green merchant trading company developing, owning, operating, and trading around Battery Energy Storage, acquired the 150 MW Revolution battery energy storage project from Con Edison Development, ...
Daily News Wrap-Up: Iberdrola and bp to Invest €1 Billion to Accelerate EV Charging
Here are some noteworthy cleantech announcements of the day from around the world: Iberdrola and bp will jointly invest up to €1 billion (~$1.02 billion) to deploy 11,000 fast charge ...
Applications Invited for Training Partners Under Wind Energy Skill Development Program
The National Institute of Wind Energy (NIWE) is inviting applications from institutions interested in becoming training partners to impart training under Vayumitra Skill Development Program (VSDP) for the financial year ...
US Forms $20 Million Consortium to Accelerate Research in Cadmium Telluride Solar Cells
The U.S. Department of Energy (DOE) announced the launch of a Cadmium Telluride (CdTe) Accelerator Consortium, a $20 million initiative aiming to rapidly reduce the cost of the second most ...
Reliance, Ola and Rajesh Exports Sign Agreement for Battery Storage Under PLI Program
Reliance New Energy, Ola Electric Mobility, and Rajesh Exports have signed the program agreement under the Production Linked Incentive (PLI) Program for Advanced Chemistry Cell (ACC) Battery Storage. Mercom had ...
Longroad Energy to Invest $500 Million to Expand Wind, Solar and Storage Portfolio
U.S.-based renewable energy developer and holding company Longroad Energy Holdings has announced an equity investment of $500 million by MEAG, an asset management arm for entities of Munich Re, for ...
First Solar Records a 99% QoQ Growth in Revenue in Q2 2022
U.S.-based solar modules manufacturer First Solar has recorded a net income of $55.8 million in the second quarter (Q2) of 2022, representing a quarter-over-quarter (QoQ) increase of 99% compared to ...
Daily News Wrap-Up: Deadline for BIS Certification of Solar Inverters Extended
Here are some noteworthy cleantech announcements of the day from around the world: The Ministry of New and Renewable Energy (MNRE) has extended the self-certification of solar photovoltaic (PV) inverters ...
Modi Launches National Portal for Rooftop Solar, Program to Revamp DISCOMs
Prime Minister Narendra Modi launched the National Portal for Rooftop Solar, enabling online tracking of the installation process of rooftop solar plants. The portal will help track the developments starting ...
Quality Assets are in Demand as Investments Flow into the Indian Solar Market
India is on the cusp of a renewable revolution, with the government and the industry complementing each other in facilitating the wider adoption of renewable energy in the country. With ...
India Has to Keep Pace With Technological Innovations to Unlock Solar’s Potential
Technological innovations are very important for the growth of the solar sector in the country. We have new technological advancements every two to three years, making incumbent technologies obsolete. India ...
MNRE Invites Bids to Install 50 Innovative Solar Pumps under KUSUM Program
The Ministry of New and Renewable Energy (MNRE) has invited bids for installing 50 innovative solar pumps under the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyaan (PM-KUSUM) program. The ...
Torrent Power Acquires 50 MW Wind Project from Inox Green
Gujarat-based power company Torrent Power has acquired a 100% stake in Wind Two Renergy from lnox Green Energy Services. The estimated acquisition cost is ₹325.1 million (~$4.09 million), representing 100% ...
MSEDCL Issues Tender to Procure Power from 500 MW of Solar Projects
The Maharashtra State Electricity Distribution Company (MSEDCL) has invited bids to procure power from 500 MW inter or intra-state grid-connected solar power projects through long-term contracts. The last day to ...
Daily News Wrap-Up: DEWA Enhances Energy Integration Through Virtual Power Plant
Here are some noteworthy cleantech announcements of the day from around the world: Dubai Electricity and Water Authority (DEWA) has enhanced integration between different energy resources in its smart grid ...
Innovative Tenders by SECI Address Peak Power and RTC Supply Concerns
The Solar Energy Corporation of India (SECI) was created in 2011 to implement the National Solar Mission and ensure robust project development. SECI, through its various tenders, has played a ...
Cost Savings and Net-Zero Targets Drive Solar Adoption in the C&I Segment
Businesses have to embrace renewable energy faster and in more significant numbers if India has to realize its non-fossil fuel energy target by 2030. The Commercial and Industrial (C&I) segment ...
Residential Solar Firm Sunnova’s Revenue Surges 121% YoY to $147 Million in Q2 2022
Sunnova, a U.S.-based residential solar company, recorded revenue of $147 million in the second quarter (Q2), a year-over-year (YoY) leap of 121% from ~$67 million last year. The company attributed ...
Vertical Integration of Manufacturing Key to Solar Sector Growth
To meet the ambitious target of 280 GW by 2030, India must install 27 GW of capacity annually until 2030. Currently, India has a module manufacturing capacity of 24 GW ...
