electricity

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US EXIM Bank Approves $900 Million Loan for 500 MW Solar Projects in Angola

The Export-Import Bank of the United States (EXIM) has approved a direct loan exceeding $900 million to support the construction of two solar power projects in Angola....

June 5, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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CleanMax Secures $360 Million Funding to Expand its C&I Segment Portfolio

Mumbai-based renewable energy company CleanMax Enviro Energy Solutions (CleanMax) has successfully concluded an equity fund raise of approximately $360 million from...

June 1, 2023

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Gautamee Hazarika

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C&I

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Finance and M&A

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Solar
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Torrent Power Swings to Profit in Q4 on Higher Generation and Power Demand

Gujarat-based power company Torrent Power posted a profit of ₹4.88 billion (~$58.97 million) for the fourth quarter (Q4) of the financial year (FY) 2022-23 against a...

May 30, 2023

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Gourav Mishra

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Other

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Renewable Energy
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IEX’s Revenue for FY23 Dips 2% YoY to ₹4.7 Billion, Trades 97 BU

The Indian Energy Exchange (IEX) has reported a profit after tax (PAT) of ₹883 million (~$10.7 million), a slight decrease of 0.1% year-on-year (YoY) in the fourth...

May 26, 2023

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Arjun Joshi

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Other

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Renewable Energy
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DISCOMs’ Inflexible Contracts Limiting Participation in Power Exchanges

A committee of experts constituted by the Ministry of Power has noted that the electricity market in India faces significant challenges that hinder the integration of...

May 17, 2023

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Arjun Joshi

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Grid

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Market & Policy
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Experts Panel Outlines Roadmap to Redesign Indian Electricity Market

A committee of experts constituted by the Ministry of Power to develop India’s electricity market has proposed comprehensive solutions to address key issues such...

May 15, 2023

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Arjun Joshi

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Demand Response

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Grid

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Market & Policy
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Collateral-free Loan, with Low Down Payment Key to Rooftop Solar Adoption

The upfront investment can more often dissuade potential customers from adopting rooftop solar. However, the hesitation can be overcome with a collateral-free loan with...

April 21, 2023

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Gourav Mishra

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C&I

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Rooftop

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Solar
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Wind, Solar Produce a Record 12% of Global Power Generation in 2022

Solar and wind energy comprised 12% of the electricity generated globally in 2022, leading to a record low carbon intensity of 436 gCO2/kWh, according to independent...

April 13, 2023

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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CEA Proposes Guidelines for Utilities to Prepare Energy Demand Forecasts

The Central Electricity Authority (CEA) has released draft guidelines for utilities to prepare medium- and long-term forecasts to assess the power demand in the country....

April 13, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Adani Electricity Mumbai Tops Power Distribution Firm Rankings for FY 2022

The Ministry of Power has released the eleventh annual integrated ratings and rankings report for the financial year (FY) 2022, which assessed the financial and...

April 12, 2023

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Arjun Joshi

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Grid

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Other
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Nearly 30% of All Power Distribution Firms Improve Rating in Annual Report

The Central government’s annual appraisal of power distribution companies’ (DISCOMs) financial and operational performance saw 21 entities improve their rating over the...

April 11, 2023

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Arjun Joshi

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Grid

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Other
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Daily News Wrap-Up: Regulator Issues Measures to Reduce Grid Frequency Fluctuations

The Central Electricity Regulatory Commission has issued regulations to limit frequency fluctuations within the operating band in the interest of grid security. The...

April 11, 2023

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Mercom India

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Daily Wrap-up
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Maharashtra Regulator Approves 18% Hike in C&I Consumer Tariff for FY24

The Maharashtra Electricity Regulatory Commission (MERC) has approved raising the tariff for commercial and industrial (C&I) consumers for the current financial year...

April 3, 2023

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Arjun Joshi

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Market & Policy

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Utilities
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Renewable Energy Dominated US’ Electricity Mix, Outpacing Coal in 2022

Renewable energy sources, including wind, solar, hydro, biomass, and geothermal, exceeded coal-fired power generation in the sector for the first time in 2022 in the U.S....

March 31, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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ACWA Power to Develop Solar and Energy Storage Projects in Uzbekistan

Saudi Arabia-based energy company ACWA Power has signed power purchase and investment agreements with  National Electric Grid of Uzbekistan, and the Ministry of...

March 24, 2023

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Gourav Mishra

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Other

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Renewable Energy

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