Archive

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SECI Invites Bids for 25 MW Solar Project with 50 MWh Storage in Ladakh

Solar Energy Corporation of India (SECI) has invited bids for the design, engineering, supply, construction, erection, testing, commissioning, and operation and...

April 23, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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Maxeon Files Patent Infringement Claims Against Three Solar Module Makers

Maxeon Solar Technologies, a Singapore-based solar solutions provider, has filed infringement claims against Canadian Solar, REC Solar, and Hanwha for violating three...

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Daily News Wrap-Up: Solar Sector Records 81% Drop in VC Funding in Q1

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

April 23, 2024

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Mercom Staff

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Daily Wrap-up
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IREDA’s Profits Surge 46% YoY in Q4 FY 2024 as NPAs Drop

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has reported a 45.9 % year-over-year (YoY) increase in profit after tax for the fourth quarter...

April 22, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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EV Logistics Firm BluWheelz Raises $1 Million in Bridge Funding

BluWheelz, a tech-enabled logistics firm with an electric vehicle (EV) fleet, received $1 million in a bridge funding round led by Venture Catalysts, an integrated...

April 22, 2024

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Staff

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Electric Vehicles
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Solar Module Manufacturer Premier Energies Files DRHP for ₹15 Billion IPO

Telangana-based solar cell and module manufacturer Premier Energies has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to...

April 22, 2024

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Arjun Joshi

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Finance and M&A

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Solar
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Amara Raja Wins BoS Contract for 500 MW Solar Project from Greenko

Amara Raja Infra (ARIPL), a subsidiary of battery maker Amara Raja Group, has secured the balance of system (BoS) supply contract for a 500 MW solar power project in...

April 22, 2024

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Staff

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Solar

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Tenders & Auctions
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Sterling and Wilson Posts Profit After 3 Years, Benefits from Falling Module Prices

The engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, Sterling and Wilson Renewable Energy, reported a net profit of ₹10 million (~$120,...

April 22, 2024

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Staff

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Finance and M&A
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Swelect, Grew and ReNew Win SECI’s Auction to Supply 400 MW Solar Modules

Swelect Energy Systems, Grew Energy, and ReNew Photovoltaics (ReNew) were declared winners in Solar Energy Corporation of India’s (SECI) auction to manufacture, test,...

April 22, 2024

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Satish Shetty

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Modules

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Solar

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Tenders & Auctions
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Solar Sector Records 81% Drop in VC Funding in Q1, Corporate Funding Down by 4%

The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised...

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