Other

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IREDA Board Approves ₹242 Billion Borrowing Program for FY 2024-25

The government-owned lender Indian Renewable Energy Development Agency’s (IREDA) Board, in its recent deliberation, has approved a borrowing program totaling up to ₹242...

March 29, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Torrent Power Wins 450 MW Wind-Solar Hybrid Projects at ₹3.65/kWh

Gujarat-based power company Torrent Power has won the auction for the purchase of 300 MW of power from wind-solar hybrid energy projects, with a greenshoe option of up...

March 29, 2024

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Staff

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Tenders and Auctions
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Daily News Wrap-Up: India’s Solar Module Manufacturing Capacity Reaches 64.5 GW

India added 20.8 GW of solar modules and 3.2 GW of solar cell capacity in the calendar year 2023, according to the recently released State of Solar PV Manufacturing in...

March 29, 2024

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: MNRE Allows Solar Mini Grid Installations for Tribal Areas

The Ministry of New and Renewable Energy has amended the guidelines for the implementation of the solar power program for particularly vulnerable tribal group...

March 28, 2024

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Mercom Staff

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Daily Wrap-up
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Project Finance Brief: Recurrent Energy Acquires 420 MW Solar Portfolio in Spain

From: Mercom Capital Group Recurrent Energy, a global developer, owner, and operator of solar and energy storage and a subsidiary of Canadian Solar, announced the...

March 27, 2024

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Staff

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Finance and M&A

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Other
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Daily News Wrap-Up: Lucknow’s Solar Project Management Consultancy Tender

The Lucknow Solar Power Development Corporation (LSPDCL) has floated a tender seeking consultancy firm to establish a project management unit to assist in the...

March 27, 2024

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Mercom Staff

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Daily Wrap-up
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Funding and M&A Roundup: Enapi Raises $2.7 Million in Pre–Seed Funding

From: Mercom Capital Group Enapi, a provider of EV charging solutions, announced the closing of its €2.5 million (~$2.7 million) pre-seed funding round provided by...

March 27, 2024

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Staff

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Finance and M&A

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Other
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Daily News Wrap-Up: NTPC’s 3 GW FDRE-II Auction Result

ABC Cleantech (Axis Energy), Juniper Green Energy, Serentica Renewables India 11 (Serentica Renewables), Tata Power Renewable Energy, and ReNew Solar Power won...

March 26, 2024

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Mercom Staff

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Daily Wrap-up
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Axis, ReNew, Juniper, Serentica, TPREL Win NTPC’s 3 GW FDRE-II Auction

ABC Cleantech (Axis Energy), Juniper Green Energy, Serentica Renewables India 11 (Serentica Renewables), Tata Power Renewable Energy, and ReNew Solar Power (ReNew) won...

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 Global Renewable Energy Capacity Additions Falling Short of Target: IRENA

Achieving the target set at COP28 in Dubai last year of tripling renewable energy capacity by 2030 is contingent on global determination, policy support, and investment...

March 22, 2024

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Mercom Staff

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: Twelfth Annual Integrated DISCOM Ratings

The Ministry of Power‘s twelfth annual integrated ratings of power distribution companies (DISCOMs) have revealed notable shifts in financial and operational performance....

March 22, 2024

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Mercom Staff

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Daily Wrap-up
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Europe’s Grids Underestimate Wind and Solar Potential: Report

Integrating renewable energy sources in Europe’s energy landscape is crucial to achieving sustainability and combating climate change. However, a recent report by...

March 22, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Grasim Secures ₹12.5 Billion Investment from IFC for Decarbonization Initiatives

Grasim Industries, an Aditya Birla Group company, has announced an investment of ₹12.5 billion (~$150.3 million) from the International Finance Corporation (IFC), the...

March 21, 2024

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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: Maharashtra’s Tender for 1 GW Pumped Hydro Storage Capacity

The Maharashtra State Electricity Distribution Company has issued a request for selection to procure 1,000 MW of energy storage capacity for 40 years from inter or...

March 21, 2024

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Mercom Staff

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Daily Wrap-up
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Funding and M&A Roundup: Li-Cycle Secures $75 Million Strategic Investment

From: Mercom Capital Group Li-Cycle, a lithium-ion battery recycling company, entered into an agreement to issue a senior secured convertible note in an aggregate...

March 20, 2024

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Staff

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Finance and M&A

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Other

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