Other

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Brookfield to Aquire KKR’s 50% Stake in Renewable Developer X-Elio

Global investment firm Kohlberg Kravis Roberts (KKR) has agreed to sell 50% of its stake in renewable developer X-ELIO to its joint venture partner Brookfield Renewable....

March 21, 2023

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Arjun Joshi

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Finance and M&A

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Other
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NTPC’s Subsidiary Will Develop Renewable Projects for IndianOil Refineries

NTPC Limited’s wholly owned subsidiary, NGEL, has entered into a joint venture agreement with Indian Oil Corporation (IOCL) to develop renewable energy projects...

March 21, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Constant Climate-Centric Funding Can Limit Global Temperature Under 1.5°C 

Financial support from developed economies to developing nations which is a critical enabler of climate action has been inadequate, said scientists in the latest...

March 21, 2023

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Gourav Mishra

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Other

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Renewable Energy
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India Voices Concern over Europe’s Carbon Tariff Measure at WTO

India has expressed concern about the carbon border measures proposed by the European Union (EU) at a recent meeting of the World Trade Organization’s (WTO) Committee on...

March 21, 2023

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B.S. Nagaraj

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Other

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Renewable Energy
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JSW and Greenko Win Karnataka’s Bid for 1 GW of Pumped Storage Projects

JSW Neo Energy (JSW Energy) and Greenko KA 01 IREP (Greenko) have won the Power Company of Karnataka’s (PCKL) auction to supply 1 GW of energy for 8 hours daily from...

March 21, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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Sterling and Wilson Bags BoS Package Tender for 1.2 GW Solar Projects

Sterling and Wilson Renewable Energy, the solar engineering, procurement, and construction (EPC) arm of Shapoorji Pallonji Group, won NTPC’s tender for the balance of...

March 21, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Government Allows NTPC to Invest Over 30% of Net Worth in its Green Arm

The government has allowed NTPC to invest in its subsidiary, NTPC Green Energy (NGEL), beyond the limit allowed for a ‘maharatna’ central public sector enterprise (CPSE)....

March 21, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Daily News Wrap-Up: Kerala’s 100 MW Solar Empanelment Tender

The Kerala State Electricity Board (KSEB) has invited bids to empanel solar developers to set up 100 MW of grid-connected rooftop and ground-mounted projects. Empaneled...

March 21, 2023

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Mercom India

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Daily Wrap-up
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SECI Pays ₹8.2 Billion to Solar and Wind Developers in January 2023

The Solar Energy Corporation of India (SECI) has paid out a total of ₹8.2 billion (~$99.4 million) to solar and wind developers for the power purchased in January 2023....

March 20, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Government Approves Renewable Sector Lender IREDA’s IPO

The Indian Renewable Energy Development Agency (IREDA) has received the cabinet nod for listing on stock exchanges after an Initial Public Offering (IPO) via a part sale...

March 20, 2023

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Satish Shetty

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Other

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Renewable Energy
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Ballard Power’s Q4 Net Loss Narrows to $34.4 Million

The net loss of fuel cell and clean energy solutions provider Ballard Power Systems narrowed to $34.4 million in the fourth quarter (Q4) of the financial year (FY) 2022...

March 20, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Andhra Regulator Directs DISCOM to Pay ₹2.93/kWh for Wind Power Procured

The Andhra Pradesh Electricity Regulatory Commission (APERC) has directed the state distribution company (DISCOM) to pay a tariff of ₹2.93 (~$0.036)/kWh for the power...

March 20, 2023

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Rakesh Ranjan

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Other

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Wind
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US Announces $750 Million to Advance Clean Hydrogen Technologies

The U.S. Department of Energy (DOE) has announced a grant of $750 million for research, development, and demonstration efforts to reduce the cost of clean hydrogen...

March 20, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: Cost Savings Help MSMEs Move Toward Rooftop Solar

Small businesses are open to adopting rooftop solar if loan repayment is not an additional burden and is equal to their savings on electricity bills. Entities in the...

March 20, 2023

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Mercom India

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Daily Wrap-up
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Supply Chain Disruptions a Cause of Concern for Renewable Energy Projects

Renewable developers and original equipment manufacturers (OEMs) must build partnerships for vertical integration and mitigate risks to better manage the increasing...

March 17, 2023

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Rakesh Ranjan

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Other

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Renewable Energy

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