Government May Lift ALMM Mandate for Solar Projects by up to Two Years

Government May Lift ALMM Mandate for Solar Projects by up to Two Years

The government may provide relief to solar developers in the country by exempting them from the requirement of procuring solar modules only from the Approved List of Models and Manufacturers ...
Adani Green’s Q3 Net Profit Surges 110% YoY on Hybrid Capacity Addition

Adani Green’s Q3 Net Profit Surges 110% YoY on Hybrid Capacity Addition

Adani Green Energy (AGEL), the renewable arm of Adani Group, posted a net profit of ₹1.03 billion (~$12.4 million) for the third quarter (Q3) of the financial year (FY) 2022-23, ...
Germany's 2022 Solar Capacity Rises 35% Despite Lower Participation in Bids

Germany’s 2022 Solar Capacity Rises 35% Despite Lower Participation in Bids

Germany installed 7.18 GW of solar capacity in 2022, a growth of 35.47% year-over-year (YoY) from 5.3 GW installed in the last year, according to the latest data released by ...
/ / Markets & Policy, Solar
SJVN's Q3 Profit Jumps 22% to ₹2.9 Billion on Income from Equity Transfer

SJVN’s Q3 Profit Jumps 22% to ₹2.9 Billion on Income from Equity Transfer

Government-owned power producer SJVN posted a profit of ₹2.87 billion (~$34.7 million) for the third quarter (Q3) of the financial year (FY) 2022-23, an increase of 22% year-over-year (YoY). The ...
Coal India Subsidiary Invites Bids for 2.5 MW of Rooftop Solar Systems

Coal India Subsidiary Invites Bids for 2.5 MW of Rooftop Solar Systems

Bharat Coking Coal (BCCL), a wholly-owned subsidiary of Coal India, has invited bids for installing and commissioning 2.48 MW of grid-connected rooftop solar systems with net metering arrangements at 44 ...
/ / Solar, Tenders & Auctions
Funding and M&A Roundup EV Battery maker ONE raises $300 million in Series B funding

Funding and M&A Roundup: EV Battery maker ONE raises $300 million in Series B funding

From: Mercom Capital Group Our Next Energy(ONE), an energy storage solutions company developing a hybrid system based on a cobalt-free battery and a lithium iron phosphate battery for EVs, closed ...
/ / Finance and M&A, Other
Mazagon Shipbuilders Invites Bids to Maintain 1 MW of Rooftop Solar Systems

Project Finance Brief: SUNfarming Secures $53 Million for Solar Projects in Poland

From: Mercom Capital Group SUNfarming, a solar project developer and installer through its independent power producer SUN IPP, secured €50 million (~$54 million) to construct 231 MW solar projects in Poland. The ...
/ / Finance and M&A, Solar
Bids Show a 1 kW Rooftop Solar System to Cost ₹60,000 in Jharkhand

Bids Show a 1 kW Rooftop Solar System to Cost ₹60,000 in Jharkhand

Jharkhand Renewable Energy Development Agency (JREDA) has announced the lowest (L1) bids to install and commission 3 MW of grid-connected rooftop solar systems of various capacities with and without battery ...
/ / Solar, Tenders & Auctions
Naviya Technologies Wins EPC Contract for 2 MW Canal-Top Solar Project

Naviya Technologies Wins EPC Contract for 2 MW Canal-Top Solar Project

Naviya Technologies Renewables, a Mumbai-based solar developer, won the Jharkhand Renewable Energy Development Agency’s (JREDA) auction for the engineering, procurement, and construction (EPC) of a 2 MW grid-connected canal-top solar ...
Maharashtra Invites Bids for a 1 MW Solar Project

Maharashtra Invites Bids for a 1 MW Solar Project

Maharashtra’s Public Works Department (PWD) of the Yavatmal Division has invited bids for installing and commissioning a 1 MW grid-connected solar project at Giroli in the Washim district of the ...
/ / Solar, Tenders & Auctions
Market Regulator Issues Disclosure Norms for Issuing Green Debt Securities

Market Regulator Issues Disclosure Norms for Issuing Green Debt Securities

Corporate entities will have to outline the process followed to determine how projects and assets fit within the eligible green project categories for issuing and listing debt securities. The Securities ...
/ / Finance and M&A, Other
Shirdi Sai Electricals to Bid for PLI-II, Expand Manufacturing Capacity to 10 GW

Shirdi Sai Electricals to Bid for PLI-II, Expand Manufacturing Capacity to 10 GW

With an estimated 220 GW of solar capacity required by the decade's end to meet the 280 GW goal set by the government, India needs a significant manufacturing capacity ramp-up ...
/ / Manufacturing, Modules, Solar
Tata Power’s Rooftop Solar Revenue Grows 41% to ₹5.3 Billion in Q3

Tata Power’s Rooftop Solar Revenue Grows 41% to ₹5.3 Billion in Q3

Tata Power reported a 91% year-over-year (YoY) jump in net profit to ₹10.52 billion (~$127.6 million) for the third quarter (Q3) of the financial year (FY) 2022-2023, primarily due to ...
/ / Finance and M&A, Solar
Daily News Wrap-Up: Gujarat to Dominate India’s Planned Solar Module Capacity

Daily News Wrap-Up: Gujarat to Dominate India’s Planned Solar Module Capacity

As India prepares to build out its solar module manufacturing capacity, Gujarat has emerged as an overwhelmingly favorite destination for domestic manufacturers, accounting for more than half of the country’s ...
/ / Daily Wrap-up
Uttarakhand Invites Bids for 9.5 MW of Solar Projects

Uttarakhand Invites Bids for 9.5 MW of Solar Projects

UJVNL, a government of Uttarakhand enterprise, has invited bids to set up 9.5 MW of grid-connected solar projects near the Kulhal powerhouse in the Dehradun district. The projects will be ...
/ / Solar, Tenders & Auctions
Indore Municipality to Raise ₹2.45 Billion Through Green Bonds

Indore Municipal Corporation to Raise ₹2.45 Billion Through Green Bonds

In probably a first for an urban local body, the Indore Municipal Corporation is floating a green bond on February 10, 2023, to raise ₹2.45 billion (~$29.5 million ) for ...
/ / Finance and M&A, Solar
GUVNL Invites Bids for 500 MW Solar Projects with Greenshoe Option

GUVNL Invites Bids for 500 MW Solar Projects with Greenshoe Option

Gujarat Urja Vikas Nigam (GUVNL) has invited bids for purchasing power from 500 MW of grid-connected solar power projects (Phase XIX) to be set up anywhere in India with a ...
/ / Solar, Tenders & Auctions
NTPC Subsidiary Issues EPC Tender for 500 MW of Solar Projects

NTPC Subsidiary Issues EPC Tender for 500 MW of Solar Projects

NTPC Renewable Energy, a wholly owned subsidiary of NTPC, has invited bids for the engineering, procurement, and construction package with land development for 500 MW of inter-state transmission system (ISTS) ...
Stanford Researchers Find Reason Behind Failure of New Lithium Batteries

Stanford Researchers Find Reason Behind Failure of New Lithium Batteries

Researchers from Stanford University and SLAC National Accelerator Laboratory have said that they have solved the mystery behind the persistent problem of short-circuit and failure in new lithium metal batteries ...
/ / Solar, Technology
Coal India Subsidiary Invites Bids for 4 MW Solar Project in Jharkhand

Coal India Subsidiary Invites Bids for 4 MW Solar Project in Jharkhand

Central Mine Planning and Design Institute (CMPDI), a wholly-owned subsidiary of Coal India, has invited bids for installing and commissioning a 4 MW grid-connected solar project for Central Coalfields in ...
/ / Solar, Tenders & Auctions
Coal India Invites Bids to Select EPC Contractor for 810 MW Solar Project

Coal India Invites Bids to Select EPC Contractor for 810 MW Solar Project

Coal India (CIL) has issued a request for expression of interest from engineering, procurement, and construction (EPC) contractors for 810 MW of solar projects in Rajasthan Rajya Vidyut Utpadan Nigam’s ...
/ / Solar, Tenders & Auctions
Indian Oil Invites Bids for O&M of 4.5 MW Solar Project in Tamil Nadu

Indian Oil Invites Bids for O&M of 4.5 MW Solar Project in Tamil Nadu

Indian Oil Corporation (IOCL) has invited bids for comprehensive operation and maintenance (O&M) of a 4.5 MW grid interactive ground-mounted solar power project at Narimanam, Tamil Nadu. The last date ...
West Bengal DISCOM Floats O&M Tender for a 10 MW Solar Project

West Bengal DISCOM Floats O&M Tender for a 10 MW Solar Project

West Bengal State Electricity Distribution Company (WBSEDCL) has invited bids for a three-year operation and maintenance (O&M) contract for an existing 10 MW solar power project at Santaldih in the ...
/ / Solar, Tenders & Auctions
TotalEnergies Sells Half of $300 Million Renewables Portfolio

TotalEnergies Sells Half of $300 Million Renewables Portfolio

France-based energy conglomerate TotalEnergies said it has sold 50% of a 234 MW portfolio of renewable projects to insurance group Crédit Agricole Assurances. The company said that the transaction implied ...
/ / Finance and M&A, Other
CEA Proposes Underground Transmission Lines for Endangered Bird Area

CEA Proposes Underground Transmission Lines for Endangered Bird Area

The Central Electricity Authority (CEA) has proposed that power transmission lines of up to 33 kV voltage level passing through the Great Indian Bustard (GIB) area should be underground lines ...
/ / Markets & Policy, Solar