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Power Ministry’s Planning Led to Highest-Ever Budgetary Allocation: Committee

Allocation in the Union Budget 2023 to the Ministry of Power has increased 29% to over ₹160 billion (~$2 billion), the highest ever for the ministry, the parliamentary...

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Sunrun Posts $63 Million Net Profit in Q4, Adds Over 275 MW Solar Capacity

Residential solar company Sunrun posted a $63 million net profit in the fourth quarter (Q4) of the financial year (FY) 2022, compared to a net loss of $38.5 million...

February 23, 2023

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Gourav Mishra

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Consumers

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Finance and M&A

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Solar

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Uncategorized
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Project Finance Brief: Primergy Closes $75 Million Credit Facility from Rabobank

From: Mercom Capital Group Primergy Solar, a U.S.-based utility-scale and distributed solar and storage company, has closed a $75 million revolving credit facility from...

December 28, 2022

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Staff

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Uncategorized
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More Lower Income Households Adopted Solar in the US Between 2010-2021

A higher share of households with lower incomes in the U.S. have been adopting solar over the past 11 years, which has brought down the median household income for solar...

November 4, 2022

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Gourav Mishra

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Other

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Renewable Energy

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Uncategorized
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European Commission Approves €220 Million Aid for Clean Hydrogen Production in Spain

The European Commission, under the European Union (EU) State aid rules, has approved a €220 million (~$215.3 million) Spanish measure to support Cobra Facilities &...

October 14, 2022

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Gourav Mishra

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Other

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Renewable Energy

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Uncategorized
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ReNew Power’s Revenue Up 27% YoY in FY 2022, Renewable Portfolio Grows by 1.7 GW

Independent power producer ReNew Power has announced the results for the fourth quarter (Q4) of the fiscal year (FY) 2022 and the fiscal year ended March 31, 2022. The...

June 15, 2022

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Arjun Joshi

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Uncategorized
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Daily News Wrap-Up: Reliance Merges its Renewable Energy Arm Into the Company

Here are some noteworthy cleantech announcements of the day from around the world: Reliance Industries announced the amalgamation of its wholly-owned subsidiary Reliance...

June 3, 2022

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Satish Shetty

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Uncategorized
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Tenders Issued to Develop ISTS Network for Evacuating 18 GW of Renewable Power in Gujarat

REC Power Development and Consultancy Limited (RECPDCL) has issued four global tenders to build interstate transmission systems (ISTS) on a build, own, operate, and...

May 23, 2022

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Rakesh Ranjan

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Grid

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T&D

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Uncategorized
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ReNew, Azure, and Vibrant Announce New Senior Leadership Appointments

Three renewable energy companies in India, ReNew Power, Vibrant Energy, and Azure Power, have announced changes in their senior leadership positions. The changes come...

May 12, 2022

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Arjun Joshi

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Other

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Renewable Energy

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Uncategorized
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NTPC Floats O&M Tender for a 10 MW Solar Project in Telangana

NTPC Limited has invited bids for a biennial operation and maintenance (O&M) contract for the 10 MW solar power project at its facility in Ramagundam, Telangana. The...

May 12, 2022

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Rakesh Ranjan

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Uncategorized
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Adani Green Registers 56% Growth in Revenues in FY 22, Energy Sales up by 72%

Adani Green Energy, the renewable energy arm of the Adani Group, reported revenue of ₹37.83 billion (~$495.29 million) from the power supply for the financial year (FY)...

May 4, 2022

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Satish Shetty

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Other

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Renewable Energy

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Uncategorized
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BHEL Invites Bids for Non-DCR Monocrystalline Solar Modules of 9.3 MW Capacity

Bharat Heavy Electricals Limited (BHEL) has issued a notice inviting tender (NIT) for the supply of non-domestic content requirement (DCR) monocrystalline solar...

April 20, 2022

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Arjun Joshi

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Solar

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Tenders & Auctions

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Uncategorized
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BEE Floats Consultancy Tender for Energy Benchmarking of EVs and EV Chargers

Bureau of Energy Efficiency, an agency under the Ministry of Power, has invited bids to hire agencies to develop energy benchmarking for electric vehicles (EVs) and EV...

March 23, 2022

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Rakesh Ranjan

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Other

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Tenders and Auctions

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Uncategorized
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EU to Expedite Renewable Energy Expansion at Lightning Speed

The European Commission has proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas, in the wake of...

March 14, 2022

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Satish Shetty

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Other

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Renewable Energy

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Uncategorized
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MNRE Reduces Performance Guarantee to 3% for Renewable Energy Tenders

The Ministry of New and Renewable Energy (MNRE) has reduced the performance security deposits to 3% of the contract value for all renewable tenders issued until March 31,...

March 10, 2022

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Rakesh Ranjan

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Uncategorized

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