Renewable Energy

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Masdar Acquires 1 GW Renewable Energy Portfolio in Poland

Abu Dhabi Future Energy Company, Masdar, along with Taaleri Energia, a Finland-based renewable energy developer, have acquired eight hybrid renewable energy projects in...

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Uniqus Acquires Goodera to Bolster its ESG Practice

Uniqus Consultech has acquired Goodera’s global business that helps corporates manage their sustainability programs by automating the collection, maintenance, and...

December 7, 2023

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Staff

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Other

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Renewable Energy
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Graphite India Forays into Battery Tech with ₹500 Million Investment in GODI

Graphite India (GIL), a graphite electrode manufacturer, has entered into a definitive transaction to invest ₹500 million (~$6 million) in compulsory convertible...

December 6, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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At $139/kWh, Lithium-Ion Battery Pack Prices Hit All-Time Low

Prices of lithium-ion battery packs have dropped by 14% to a record low of $139/kWh this year due to falling raw material and component prices, research firm...

December 6, 2023

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Staff

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Other

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Renewable Energy
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Random Levies, Approval Delays Hinder Energy Transition of Corporates: Interview

In an exclusive interview with Mercom India, Sharad Pungalia, MD & CEO of Amplus Solar, discusses the company’s approach to servicing its diversified portfolio...

December 6, 2023

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Satish Shetty

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C&I

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Renewable Energy
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Month in a Minute: Top Headlines from the Indian Renewable Sector in November 2023

Here is a recap of important headlines from November 2023: In the first nine months of 2023, India has installed 5.6 GW of solar power capacity, marking a ~47%...

December 5, 2023

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Satish Shetty

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Other

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Renewable Energy
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Chemicals Manufacturer Sadhana Nitro Chem to Set Up Green Hydrogen Facility

Specialty chemicals manufacturer Sadhana Nitro Chem will set up a green hydrogen facility based on a solar and wind project with a 15-20 MW capacity, primarily for...

December 5, 2023

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Staff

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Other

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Renewable Energy
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ADB Approves $200 Million Loan to Enhance Power System Efficiency in Uttarakhand

The Asian Development Bank (ADB) has granted a $200 million loan to enhance the quality, efficiency, and dependability of Uttarakhand’s electricity supply and help...

December 5, 2023

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Staff

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Other

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Renewable Energy
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Green Energy Trade at IEX Continues to Dip, 189 MU Traded in November

The Indian Energy Exchange (IEX) traded 189 million units (MU) of green energy during November 2023, a 46.61% year-over-year (YoY) drop from 354 MU. Green energy trade...

December 5, 2023

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Satish Shetty

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Other

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Renewable Energy
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Adani Green Energy Secures Follow-on Funding of $1.3 Billion

Adani Green Energy (AGEL) announced a follow-on funding of a $1.36 billion senior debt facility as part of its construction financing framework, enhancing the pool to $3...

December 5, 2023

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Staff

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Finance and M&A

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Renewable Energy
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India Says No to Pledge to Triple Renewables and Phase Down Coal at COP28

India has not endorsed a pledge signed by over 118 countries at the ongoing COP28 summit in Dubai to triple renewable energy capacity by 2030, as doing so would have...

December 5, 2023

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B.S. Nagaraj

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Other

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Renewable Energy
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Government Invites Bids to Advance Hydrogen Value Chain Technologies

The Department of Science & Technology (DST) has invited proposals to upgrade lab-scale technologies, which are at technology readiness levels (TRL) 3-4, to reach...

December 4, 2023

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Gautamee Hazarika

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Renewable Energy

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Tenders & Auctions
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ADB Approves $250 Million Loan for India’s Power Sector Reform

The Asian Development Bank (ADB) has approved a $250 million (~₹20.8 billion) policy-based loan to strengthen India’s power sector, supporting a speedy transition...

December 4, 2023

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Staff

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Other

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Renewable Energy
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Adani, BHEL, JSW, L&T Among Bidders for Green Hydrogen, Electrolyzer Manufacturing

The Solar Energy Corporation of India’s (SECI) tenders to set up 450,000 metric tons (MT)/annum production facilities for green hydrogen and 1.5 GW of electrolyzer...

December 4, 2023

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Satish Shetty

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Other

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Renewable Energy

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Tenders and Auctions
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Renew Blocks Transmission Capacity for 3.1 GW Renewable Projects in Advance

Independent renewable power producer ReNew has blocked transmission capacity in advance for its 3.1 GW of awarded projects, which are pending power purchase agreements...

December 4, 2023

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Arjun Joshi

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Other

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Renewable Energy

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