LATEST HEADLINES
Adani Green’s Q4 Net Profits Up by 21% as CUF from New Projects Surge
May 3, 2024
DISCOM Dues to Power Generators in April Drop to ₹652 Billion
May 3, 2024
Fortum Exits Indian Solar Market, Evaluates Remaining Operations
May 3, 2024
Green Energy Trade at IEX Up by 44% in April, REC Prices Plummet by 80%
May 3, 2024
Indian Oil to Set Up Subsidiary to Deploy 1 GW Renewable Energy Projects
May 3, 2024
At a time when solar open-access installations are gaining traction across the country, developers with small-capacity projects in Telangana say the inordinate delay in adhering to regulatory frameworks by distribution companies (...
April 24, 2024
Solar
Rajasthan Invites Bids to Develop 8 GW Solar ProjectsRajasthan Urja Vikas and IT Services (RUVITL) has invited bids from developers to set up 8,000 MW solar power projects in the state. The last date for the submission of bids is June 24, 2024. Bids will open the same day. Bidders m...
May 3, 2024
Solar
SJVN Invites Bids to Develop 1.2 GW ISTS-Connected Solar ProjectsSJVN has invited bids from developers to set up 1.2 GW interstate transmission system (ISTS)-connected solar power projects anywhere in India under tariff-based competitive bidding. The last day to submit the bids is June 17, 2024...
May 2, 2024
Other
Month in a Minute: Top Headlines from Indian Renewable Sector in April 2024The solar sector secured $8.1 billion in corporate funding through 41 transactions in the first quarter (Q1) of 2024, marking a 4% decrease from the $8.4 billion raised in 42 deals during the same period in 2023. However, there wa...
May 3, 2024
Trending News
March 22, 2024
Tender & Auctions
Rajasthan Invites Bids to Develop 8 GW Solar Projects
April 30, 2024
Mercom Insights
Corporate Funding in Energy Storage Sector Surges Five-Fold to $11.7 Billion in Q1
Grid
DISCOM Dues to Power Generators in April Drop to ₹652 Billion
April 23, 2024
Energy Storage
PointO Raises ₹62 Million to Build Full-Stack Lithium Battery Ecosystem in India
Latest News
Renewable energy company Adani Green Energy (AGEL) generated revenue of ₹28.06 billion (~$336.29 million) in the fourth quarter (Q4) of the financial year (FY) 2023-24, an increase of 4.89% year over year (YoY) from ₹26.75 (~$320.5 million). The...
May 3, 2024
State distribution companies (DISCOMs) owed power generators ₹652.16 billion (~$7.81 billion) in total dues for the monthly billing cycle in April 2024, according to the Ministry of Power’s payment ratification and analysis portal PRAAPTI. The dues...
May 3, 2024
Finland-based energy company Fortum said it is exiting the Indian solar power market after signing an agreement to sell its remaining 43.75% stake in a 185 MW solar portfolio to Gentari Renewables India, a subsidiary of Malaysia-based clean energy...
May 3, 2024
The Indian Energy Exchange (IEX) traded 402 million units (MU) of green energy in April 2024, a 44% year-over-year (YoY) increase from 280 MU. The Exchange, in total, traded 9,044 MU of power in the month, marking a 14% YoY increase. During April,...
May 3, 2024
Indian Oil Corporation (IOCL) has decided to form a wholly-owned subsidiary to undertake low-carbon, clean, and green energy businesses with an equity investment of ₹13.04 billion (~$15.63 million). IOCL has committed itself to installing 1 GW of...
May 3, 2024
SJVN has invited bids from developers to set up 1.2 GW interstate transmission system-connected solar power projects anywhere in India under tariff-based competitive bidding. The last day to submit the bids is June 17, 2024. Bids will be opened on...
May 3, 2024
Adani Green Energy (AGEL) has secured a $400 million green loan for its under-construction 750 MW solar power projects in Rajasthan and Gujarat from a consortium of five international banks. The consortium will provide financing for projects that...
May 3, 2024
The European Commission has awarded approximately €720 million (~$772 million) to seven green hydrogen projects across Europe through the first competitive auction under the European Hydrogen Bank initiative. The winning projects were selected from...
May 3, 2024
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