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Funding and M&A Roundup: BlackRock Acquires Energy Storage Developer Jupiter Power

From: Mercom Capital Group Through a fund managed by its Diversified Infrastructure business, BlackRock Alternatives has agreed to acquire Jupiter Power, an operator,...

November 23, 2022

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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: Sify’s Data Centers in Mumbai to be Powered With Green Energy

Here are some noteworthy cleantech announcements of the day from around the world: Digital information and communications technology solutions provider Sify Technologies...

February 24, 2022

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: REC Silicon to Resume Solar Wafer Production for Violet Power

Here are some noteworthy cleantech announcement of the day from around the world: REC Silicon ASA, a U.S.-based advanced silicon material producer, and Violet Energy...

October 15, 2020

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Harsh Shukla

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Other

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Renewable Energy
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ABB to Build a Manufacturing Facility in Italy to Meet Global Demand for EV Chargers

Switzerland-based ABB announced that it had invested $30 million (~₹2.25 billion) to construct its new manufacturing facility in San Giovanni Valdarno, Italy. In its...

August 9, 2020

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Harsh Shukla

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Electric Vehicles

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Grid
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Hitachi ABB Power Grids Wins ₹1.2 Billion Deal to Supply Transformers to Indian Railways

Hitachi ABB Power Grids India announced that it won a ₹1.2 billion (~$16.05 million) order to help the Indian government’s goal of 100% railway electrification and...

July 18, 2020

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Nithin Thomas

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Grid

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Market & Policy
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ABB Acquires Majority Stake in Chinese E-Mobility Company Chargedot

Switzerland-based ABB has completed the acquisition of a majority stake in the Chargedot Shanghai New Energy Technology Company Limited. The news was made public by the...

March 29, 2020

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Rakesh Ranjan

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Finance and M&A

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Other
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NTPC Invites Bids for Solar Inverter Package for a 23 MW Solar Project in Maharashtra

The National Thermal Power Corporation (NTPC) has invited bids for a solar inverter package of 23 MW for a solar power project at Solapur in Maharashtra. The scope of...

March 11, 2020

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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TMEIC and Sungrow Led the Solar Inverter Supplier Leaderboard in 1H 2019

In the first half of 2019 (1H 2019), TMEIC emerged as the top supplier of solar inverters to the Indian market with a market share of approximately 20% while Sungrow...

January 8, 2020

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Rakesh Ranjan

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Mercom Research Focus

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Other
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ABB Set to Acquire Majority Stake in Chinese E-Mobility Company

Switzerland-headquartered ABB is set to acquire a 67% share stake in Shanghai Chargedot New Energy Technology Co., Ltd., a leading Chinese e-mobility solution provider....

October 31, 2019

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Rakesh Ranjan

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Finance and M&A

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Other
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ABB to Quit Solar Inverter Business, FIMER to Take Over

Switzerland-headquartered ABB and Italian company FIMER have signed an agreement under which FIMER will acquire ABB’s solar inverter business. The transaction is...

July 9, 2019

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Saumy Prateek

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Markets & Policy

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Solar
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ABB, Sungrow, and Huawei Were Top Solar Inverter Suppliers in 2018

ABB was the top supplier of solar inverters to the Indian market for calendar year (CY) 2018 as well as cumulatively, according to Mercom’s India 2019 Solar Market...

June 11, 2019

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Pratheeksha

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Mercom Research Focus

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Other
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IIT Roorkee and ABB Collaborate for Smart Campus Development

The Indian Institute of Technology, Roorkee (IITR) is set to become a smart campus after the deployment of ABB microgrid with battery energy storage gets completed in...

January 28, 2019

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Nitin Kabeer

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Grid

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Smart Buildings
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Micro and Mini Grids Could be the Answer to Grid Stability and Reliable Power in India

The demand for electricity in India is expected to continue its rise along with economic growth. Government-run electrification programs like the Pradhan Mantri Sahaj...

January 28, 2019

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Saumy Prateek

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Grid

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Microgrid
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Interview: A Cheaper Inverter is Not Always a Better Option for Solar Projects

For solar project developers in the country, the decision to choose one inverter over the other is becoming increasingly difficult, given the rapid expansion of the...

July 6, 2018

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Ankita Rajeshwari

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Energy Storage

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Market & Policy
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ABB, Sungrow and Huawei Named Top Inverter Suppliers for the Indian Solar Market in 2017

In India, there are over 30 inverter suppliers meeting the demands of the rapidly-growing solar market. In 2017, the top ten solar inverter suppliers accounted for over...

June 7, 2018

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Sampath Krishna

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Inverters & BOS

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Solar

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