sterlite-power

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Daily News Wrap-Up: Electric Vehicle Sales Up 40% YoY in Q1 2024

Electric vehicle (EV) sales in India reached a record 486,669 units in the first quarter (Q1) of 2024, a jump of over 40% year-over-year against the 347,676 units sold...

April 2, 2024

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Arjun Joshi

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Daily Wrap-up
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Singapore’s GIC and Sterlite Form JV to Expand India’s Power Transmission Network

In a bid to expand India’s power transmission network, Sterlite Power, a transmission developer, and Singapore-based GIC, an investment firm, have announced the...

April 1, 2024

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Arshreet Singh

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Market & Policy
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Daily News Wrap-Up: India Adds 1.3 GW of Rooftop Solar Capacity in 9M 2023

India installed over 1.3 GW of rooftop solar capacity in the first nine months of the calendar year 2023, an increase of 12% year-over-year (YoY), according to Mercom...

December 1, 2023

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Mercom Staff

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Daily Wrap-up
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Daily News Wrap-Up: Green Energy Trading Plunges in 2023

Renewable energy trading at the Indian Energy Exchange in 2023 so far has seen a considerable drop compared to 2022, with the traded energy reaching its lowest in...

November 28, 2023

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Mercom Staff

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Daily Wrap-up
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Grid Modernization Key to Renewables Integration: Sterlite Power Interview

Integrating solar and wind power requires a resilient grid to ensure a consistent and reliable energy supply. As India targets 500 GW of renewables by 2030, a stable...

November 27, 2023

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Gautamee Hazarika

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Grid

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Market & Policy

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T&D
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Daily News Wrap-Up: CERC Approves High Price Bilateral Market Segment on PXIL

The Central Electricity Regulatory Commission recently approved Power Exchange India’s (PXIL) proposal to introduce high price bilateral market segment. The Commission...

September 25, 2023

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Mercom Staff

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Daily Wrap-up
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Sterlite Expands Green Energy Corridor Portfolio by Acquiring Beawar Transmission

Power transmission company Sterlite Power has acquired Beawar Transmission, a special purpose vehicle (SPV) held by REC Power Development and Consultancy (RECPDCL), a...

September 22, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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REC Subsidiary Invites Bids to Evacuate 20 GW Renewable Power in Rajasthan

REC Power Development and Consultancy Limited (RECPDCL), a fully-owned subsidiary of REC, has floated a tender to select a transmission service provider through a...

September 14, 2023

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Gautamee Hazarika

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Renewable Energy

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Tenders & Auctions
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Daily News Wrap-Up: Solar Project Delays Cause Drop in Investments in Q2

Investments in the Indian solar sector in the second quarter of the calendar year 2023 totaled $1.57 billion (~₹129.86 billion), a 46% year-over-year decrease from $2.9...

August 29, 2023

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Mercom Staff

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Daily Wrap-up
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Sterlite Power Wins Contract to Evacuate 20 GW Renewable Energy in Rajasthan

Power transmission company Sterlite Power has been awarded the contract for an inter-state transmission system (ISTS) project to evacuate 20 GW of renewable energy in...

August 28, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Sterlite Power Secures ₹3 Billion Funding for Transmission Project in J&K

Sterlite Power, a power transmission infrastructure developer, has achieved financial closure for its Kishtwar transmission project in Jammu and Kashmir (J&K), by...

January 11, 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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Sterlite Commissions 400 kV Transmission Line to Evacuate 1 GW of Renewables From Gujarat

Mumbai-based integrated power transmission developer Sterlite Power‘s Mumbai Urja Marg Transmission (MUML) commissioned a 400 kV transmission line in the...

September 8, 2022

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Gourav Mishra

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Grid

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Market & Policy
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Daily News Wrap-Up: Rooftop Solar Installers Urge for Timely Release of Subsidies

Here are some noteworthy cleantech announcements of the day from around the world: Renewable Energy Association of Rajasthan, in a letter to the Ministry of New and...

March 23, 2022

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Satish Shetty

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Other

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Renewable Energy
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IndiGrid To Acquire Transmission Project from Sterlite Power for ₹46.25 Billion

Infrastructure investment trust IndiGrid has signed a share purchase agreement to acquire NER–II transmission project from Sterlite Power for about ₹46.25 billion (~$632....

March 8, 2021

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Harsh Shukla

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Grid

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T&D
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Power Transmission Company Sterlite Raises ₹2 Billion from Allianz Global Investors

Sterlite Power, a power transmission infrastructure developer, has announced that it raised ₹2 billion ($27.23 million) in debt financing from leading investment...

January 11, 2021

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Rahul Nair

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Finance and M&A

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Other

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