ACME Partners with Norfund to Develop Renewable Energy Projects in India

ACME Partners with Norfund to Develop Renewable Energy Projects in India

ACME Group and Norwegian investment fund Norfund will co-invest in the development of greenfield renewable power projects in India. Norfund invests in developing countries and manages the Norwegian Climate Investment ...
/ / Other, Renewable Energy
Rajasthan Signs MoUs Worth ₹1.23 Trillion for Renewable Projects

Rajasthan Signs MoUs Worth ₹1.23 Trillion for Renewable Projects

To project Rajasthan as an attractive investment destination, the Rajasthan government has signed memorandums of understanding (MoUs) for nearly ₹1.23 trillion (~$15.77 billion) of renewable energy projects under the Invest ...
/ / Other, Renewable Energy
Adani Green's Renewable Capacity Up 35% YoY to 7,324 MW in 9M FY23

Adani Green’s Renewable Capacity Up 35% YoY to 7,324 MW in 9M FY23

Adani Green Energy's (AGEL) total operational capacity has increased 35% year-over-year (YoY) to 7,324 MW in the first nine months (9M) of the current financial year. The company's operational portfolio ...
/ / Other, Renewable Energy
Energy Storage Sector Upbeat For 2023 Despite Cost, Supply Chain Challenges

Energy Storage Sector Upbeat for 2023 Despite Cost, Supply Chain Challenges

India’s renewable energy growth plans are closely tied to energy storage to mitigate the intermittency of renewable sources as the country strives to meet the rising round-the-clock (RTC) clean energy ...
Metals Used in Energy Transition Presents $10 Trillion Investment Opportunity

Metals Used in Energy Transition Presents $10 Trillion Investment Opportunity

The market value for crucial metals needed in energy transition technology will likely triple by 2050 to present a $10 trillion opportunity, BNEF’s first Transition Metals Outlook showed. It said ...
/ / Other, Renewable Energy
Daily News Wrap-Up: Maharashtra Signs $2.5 Billion Pact for Battery Swapping Solutions

Daily News Wrap-Up: Maharashtra Signs $2.5 Billion Pact for Battery Swapping Solutions

Here are some noteworthy cleantech developments from around the world The Maharashtra government has announced a strategic energy partnership with Gogoro Inc. and Belrise Industries to establish a $2.5 billion ...
Adani Renewable Energy Two, a wholly-owned subsidiary of Adani Green Energy (AGEL), said it has signed a binding agreement to buy 50% equity interest in Essel Saurya Urja Company of Rajasthan (ESUCRL). AGEL said that ESUCRL owns and operates a 750 MW solar park in Rajasthan, and the acquisition will expand its footprint in the state. ESUCRL was incorporated in May 2015 and the company’s turnover for the financial year 2021-22 stood at ₹98.8 million (~1.2 million). It has an authorized capital of ₹500 million (~$6.1 million). Further, AGEL said it already owns and operates Adani Renewable Energy Park Rajasthan set up in a joint venture with the state government. “The acquisition is expected to be value accretive to our shareholders. The estimated cost to be borne by AGEL’s subsidiary for the acquisition is ₹150 million (~$1.8 million),” the company said in a BSE filing. The state government will hold the remaining 50% of the equity shares. The transaction is likely to be completed by February 28, 2023. In December 2022, AGEL said that its hybrid power generation capacity reached 1,440 MW with the company commissioning its third wind-solar hybrid power plant of 450 MW in Jaisalmer, Rajasthan. Adani Green inked power purchase agreements with the Solar Energy Corporation of India at a tariff of ₹2.67 (~$0.032)/kWh for a tenure of 25 years. Also in December, Adani Enterprises emerged to be the only company to commence the construction of a polysilicon and monosilane production unit to be set up in Gujarat’s Mundra. Engineers India, the state-owned construction, and engineering firm secured the order to provide owner’s engineer services for 30,000 MTPA polysilicon and 500 MTPA monosilane project from Mundra Solar Technology which is Adani’s group company. According to Mercom’s India Solar Market Leaderboard 1H 2022, Adani Solar was one of the top five leading module suppliers to the Indian solar market during the first half of 2022.

Adani Green to Acquire 50% Stake in Rajasthan-based Solar Park Developer

Adani Renewable Energy Two, a wholly-owned subsidiary of Adani Green Energy (AGEL), said it has signed a binding agreement to buy 50% equity interest in Essel Saurya Urja Company of ...
/ / Markets & Policy, Solar
Researchers Cut Cell Size to Bring Down Cost of Flow Batteries

Researchers Cut Cell Size to Bring Down Cost of Flow Batteries

Researchers at the Georgia Institute of Technology in the U.S. have developed a compact flow battery cell configuration that reduces the size of the cell by 75% and correspondingly reduces ...
Outlook for Indian Solar Industry in 2023: A New Manufacturing Era Begins

Outlook for Indian Solar Industry in 2023: A New Manufacturing Era Begins

As we enter 2023, a new era is beginning in the Indian solar industry - a move toward domestic manufacturing and supply chain independence. The solar industry in India experienced ...
Scheduled Banks’ Loans to Renewable Projects Up 113% in April-Nov Period

Scheduled Banks’ Loans to Renewable Projects Up 113% in April-Nov Period

The loans to the renewable energy projects disbursed by the scheduled commercial banks stood at ₹41.77 billion (~$507.19 million) as of November 2022.  This is a 113% year-over-year jump in ...
Daily News Wrap-Up: L&T Partners With H2Carrier for Green Hydrogen Projects

Daily News Wrap-Up: L&T Partners with H2Carrier for Green Hydrogen Projects

Here are some noteworthy cleantech developments from around the world Mumbai-based hi-tech engineering company Larsen & Toubro (L&T) announced the signing of a memorandum of understanding (MoU) with the Norway-based ...
Renewable Energy Firm Silicon Ranch Raises $600 Million in Equity capital

Renewable Energy Firm Silicon Ranch Raises $600 Million in Equity Capital

Nashville-based Silicon Ranch, a renewable energy developer, and battery storage solutions provider has conducted a $600 million equity raise to help accelerate its growth strategy for new projects and expand ...
/ / Finance and M&A, Other
Low Cost of Green Hydrogen Depends on Right Project Finance Program

Low Cost of Green Hydrogen Depends on Right Project Finance Program

Development of the green hydrogen industry will require substantial capital and the financing for such projects will have to borrow more from the precedents of offshore wind and LNG undertakings, ...
How to Convince India’s MSMEs to Go Solar

How to Convince India’s MSMEs to Go Solar

India has millions of Micro, Small, and Medium Enterprises (MSMEs), which are the growth engine of its economy and represent the nation's entrepreneurial spirit. Power is one of the largest ...
Renewable Energy Projects in Central Pool to Have Uniform Tariff for DISCOMs

Renewable Energy Projects in Central Pool to Have Uniform Tariff for DISCOMs

The Ministry of Power has amended the Electricity Rules providing guidelines to implement the uniform renewable energy tariff for the central pool of projects connected to interstate transmission systems (ISTS) ...
Month in a Minute Top Headlines from Indian Renewable Sector in December 2022

Month in a Minute: Top Headlines from Indian Renewable Sector in December 2022

India installed around 596 MW of open access solar capacity in the third quarter (Q3) of the calendar year (CY) 2022, an increase of 91% year-over-year. The figure was revealed ...
/ / Other, Renewable Energy
Food Company JBS to Issue International Renewable Energy Certificates

Food Company JBS to Issue International Renewable Energy Certificates

JBS, a Brazil-based meat processing company, announced that its 45 MW thermoelectric project in the city of São Paulo has qualified to issue International Renewable Energy Certificates (I-REC). Across the ...
/ / C&I, Other, Renewable Energy
Renewables Tender Trajectory Key to Mitigating Project Risks

Renewables Tender Trajectory Key to Mitigating Project Risks

Stakeholders in India’s renewables sector have called for a pre-determined calendar for tenders so that the resultant certainty can help companies plan their finances and manage supply chain constraints more ...
Significant Developments in India’s Energy Storage Sector in 2022

Significant Developments in India’s Energy Storage Sector in 2022

India’s energy storage sector witnessed significant developments in 2022, which included the government issuing guidelines for the use of batteries as part of the generation, transmission, and distribution assets, the ...
REC Trading Jumps 31% with Clearing Price of ₹1,000 Under New Regulations

REC Trading Jumps 31% with Clearing Price of ₹1,000 Under New Regulations

The Renewable Energy Certificates (RECs) trading on Wednesday saw a clearing price of ₹1,000 (~$12.08)/REC being discovered in the first session at the Indian Energy Exchange (IEX) after the implementation ...
/ / Other, Renewable Energy
Swiss Researchers Say Raised Perovskite Cells' Stability at 24.9% Efficiency

Swiss Researchers Say Raised Perovskite Cells’ Stability at 24.9% Efficiency

A team of researchers from École polytechnique fédérale de Lausanne (EPFL), Switzerland, have developed a method that improves both power conversion efficiency and stability of solar cells based on pure ...
/ / Solar, Technology
Altus Power to Acquire 220 MW of Solar Assets for $293 Million in US

Altus Power to Acquire 220 MW of Solar Assets for $293 Million in US

U.S.-based independent developer, owner, and operator of commercial-scale solar projects, Altus Power, entered a definitive agreement to acquire about 220 MW of solar assets for ~$293 million from the funds ...
/ / Finance and M&A, Solar
Daily News Wrap-Up Regulatory Nod for Punjab’s Renewable Purchase Trajectory

Daily News Wrap-Up: Regulatory Nod for Punjab’s Renewable Purchase Trajectory

Here are some noteworthy cleantech announcements of the day from around the world: The Punjab State Electricity Regulatory Commission (PSERC) has issued the Renewable Purchase Obligations (RPO) and its Compliance ...
/ / Other, Renewable Energy
Daily News Wrap-Up Over 766,478 EVs Supported Under Phase II of FAME Program

Daily News Wrap-Up: Over 766,478 EVs Supported Under Phase II of FAME Program

Here are some noteworthy cleantech announcements of the day from around the world: The second phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME India) program has provided ...
/ / Other, Renewable Energy
Spain’s Bruc Acquires Six Solar Projects with 384 MW Capacity from Opdenergy

Spain’s Bruc Acquires Six Solar Projects with 384 MW Capacity from Opdenergy

Spain-based renewable energy group Bruc has acquired six new solar photovoltaic power projects with a cumulative capacity of 384 MW from independent renewable energy producer Opdenergy. The assets are part ...
/ / Finance and M&A, Solar