renewable

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Funding and M&A Roundup: SUSI Partners Buys Majority Stake in Encore Renewable Energy

From: Mercom Capital Group SUSI Partners, a Swiss-based investment manager, through its flagship Energy Transition Fund (SETF), has acquired a controlling interest in U....

May 31, 2023

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Staff

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Finance and M&A

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Solar
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Renewable Energy Capacity Additions Drive JSW’s Q4 Revenue Up by 6%

Independent power producer JSW Energy’s revenue for the fourth quarter (Q4) of the financial year (FY) of 2023 increased by 6% year-over-year (YoY) to ₹28.06 billion...

May 24, 2023

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Gourav Mishra

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Markets & Policy

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Other

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Renewable Energy
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IndiGrid to Acquire Virescent Renewable Energy Trust for ₹40 Billion

Renewables-focused infrastructure investment trust (InvIT) Virescent Renewable Energy Trust (VRET) said it has signed definitive agreements under which IndiGrid will...

May 15, 2023

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Gourav Mishra

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Finance and M&A

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Solar
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Australia to Expedite Green Hydrogen Development with $1.3 Billion Funding

Australia will invest AU$2 billion (~$1.3 billion) in the “hydrogen headstart” program, which aims to support two or three large-scale renewable hydrogen...

May 10, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Google and EDPR to Develop 500 MW of Distributed Solar Projects

Google and EDPR NA Distributed Generation, the distributed generation (DG) business unit of EDP Renewables North America (EDPR NA), have signed a framework agreement to...

April 24, 2023

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Gautamee Hazarika

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Finance and M&A

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Other

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Renewable Energy
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EU Launches First Tender Under Renewable Energy Financing Mechanism

The European Commission has approved the inaugural cross-border tender to promote renewable energy-related collaboration among member states to expedite the achievement...

April 14, 2023

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Gautamee Hazarika

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Other

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Renewable Energy

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Tenders and Auctions
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China Aims to Add a Whopping 160 GW of Solar and Wind in 2023

China has set a massive target of 160 GW of solar and wind energy capacity additions in 2023, up 13.5% from the actual installations in 2022. The country’s National...

April 13, 2023

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B.S. Nagaraj

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Markets & Policy

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Renewable Energy
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Reserve Bank Issues Framework for Banks to Accept Green Deposits

The Reserve Bank of India (RBI) has issued a framework for financial institutions to offer ‘Green Deposits’ to customers, address ‘greenwashing’ concerns, and help...

April 12, 2023

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B.S. Nagaraj

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Other

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Renewable Energy
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Longer Rope for Green Hydrogen Units to Source RE Sans Transmission Costs

The government has extended the timeline for green hydrogen/ammonia projects to be eligible for an exemption from inter-state transmission system (ISTS) charges on...

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US Sets Aside $1 Billion for Farmers and Rural Businesses Adopting Renewables

The U.S. government will provide $1 billion in grants to help agricultural producers and rural small businesses invest in renewable energy systems and make energy...

April 4, 2023

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Sumit Jha

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Other

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Renewable Energy
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Norway Invites Bids for Developing Offshore Wind Projects of at least 1.5 GW

Norway has invited bids for offshore wind projects worth at least 1.5 GW, which can be expanded by another 2.25 GW depending on the conclusion of the ongoing survey. The...

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IFC Invests ₹3.75 Billion in Tata Cleantech Capital’s Sustainability Bonds

International Finance Corporation (IFC), a member of the World Bank Group, will invest ₹3.75 billion (~$46 million) through sustainability-linked bonds (SLB) issued by...

March 28, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Swedish Firm Says Perovskite-CIGS Tandem Solar Cells Yield 24.9% Efficiency

Midsummer, a Swedish developer, in collaboration with researchers at the University of California, Los Angeles (UCLA), has developed a four-terminal perovskite-CIGS...

March 23, 2023

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Gautamee Hazarika

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Solar

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Technology
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SECI Pays ₹8.2 Billion to Solar and Wind Developers in January 2023

The Solar Energy Corporation of India (SECI) has paid out a total of ₹8.2 billion (~$99.4 million) to solar and wind developers for the power purchased in January 2023....

March 20, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Sterlite Bags ISTS Project to Evacuate 20 GW of Renewables in Rajasthan

Sterlite Power has bagged an interstate transmission system (ISTS) project for the evacuation of 20 GW of power from renewable energy zones in Rajasthan under Phase III,...

March 17, 2023

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Gourav Mishra

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Grid

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T&D

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