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Month in a Minute: Top Headlines from Indian Renewable Sector in July 2024

India’s total Battery Energy Storage System (BESS) capacity reached 219.1 MWh as of March 2024, according to Mercom India Research’s newly released report, India’s...

August 1, 2024

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Arshreet Singh

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Renewable Energy
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Daily News Wrap-Up: HPPCL Invites Bids for 8 MW Solar Project

Himachal Pradesh Power Corporation (HPPCL) has invited bids to commission an 8 MW solar power project at Bada Basot in Solan, Himachal Pradesh. The scope of work...

July 18, 2024

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Mercom Staff

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Daily Wrap-up
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ADB Approves $240 Million Loan to Finance Rooftop Solar in India

The Asian Development Bank (ADB) has approved loans of $240.5 million to finance rooftop solar systems in India. The financing will be provided to the State Bank of...

July 17, 2024

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Arjun Joshi

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Finance and M&A

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Rooftop

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Solar
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Daily News Wrap-Up: MNRE Allocates ₹2 Billion for Green Hydrogen Testing

The Ministry of New and Renewable Energy has issued guidelines to implement the program on funding testing facilities, infrastructure, and institutional support to...

July 5, 2024

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Arjun Joshi

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Daily Wrap-up
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ENGIE Signs ₹14.6 Billion Loan Agreement with ADB for 400 MW Solar Project

ENGIE group has signed a loan agreement with the Asian Development Bank (ADB) for a 400 MW solar photovoltaic power project in Surendranagar District, Gujarat. ADB was...

July 4, 2024

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Staff

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Finance and M&A

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Solar
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Daily News Wrap-Up: NTPC Floats EPC Tender for 225 MW Solar Projects

NTPC Renewable Energy has invited bids for the engineering, procurement, and construction package for 225 MW of grid-connected solar power projects to be set up in...

May 20, 2024

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Mercom Staff

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Daily Wrap-up
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ADB Approves $148 Million Loan for Modernization of Sikkim’s Power Distribution

The Asian Development Bank (ADB) has approved a $148.5 million loan to enhance, upgrade, and climate-proof the electricity distribution system in Sikkim and improve the...

May 17, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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ADB Raises ₹12.5 Billion in Green Masala Bonds to Finance Renewables

The Asian Development Bank (ADB) has raised ₹12.5 Billion (~$150 million) through green bonds, making it the largest Indian rupee bond to date. The proceeds from this...

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Assam Issues Consultancy Tender for 1,000 MW Solar Project

The Assam Power Distribution Company Ltd (APDCL) has invited expressions of interest (EoI) for project management consultant services for a 1,000 MW grid-connected solar...

January 30, 2024

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Arshreet Singh

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Solar

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Tenders & Auctions
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EV financing Platform Revfin Secures $14 Million Funding

India-based digital lending platform Revfin has secured ₹115 million (~$14 million) in the latest round of funding to expand financing for electric vehicles, charging...

December 27, 2023

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Staff

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Electric Vehicles

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Finance and M&A
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Daily News Wrap-Up: Investments in Indian Solar Sector Down 22% YoY in Q3

Investments in the Indian solar sector in the third quarter of the calendar year 2023 totaled $1.57 billion (~₹129.86 billion), a 22% year-over-year decrease from $2.02...

December 6, 2023

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Mercom Staff

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Daily Wrap-up
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ADB Approves $200 Million Loan to Enhance Power System Efficiency in Uttarakhand

The Asian Development Bank (ADB) has granted a $200 million loan to enhance the quality, efficiency, and dependability of Uttarakhand’s electricity supply and help...

December 5, 2023

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Staff

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Other

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Renewable Energy
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ADB Approves $250 Million Loan for India’s Power Sector Reform

The Asian Development Bank (ADB) has approved a $250 million (~₹20.8 billion) policy-based loan to strengthen India’s power sector, supporting a speedy transition...

December 4, 2023

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Staff

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Other

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Renewable Energy
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ADB to Loan ₹1.2 Billion for Fourth Partner Energy’s Solar Open Access Project

Fourth Partner Energy has entered into an agreement with the Asian Development Bank (ADB) to secure a long-term loan of up to ₹1.2 billion (~$14.7 million) for...

August 28, 2023

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Rakesh Ranjan

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Finance and M&A

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Solar
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Maldives Invites Bids for 20 MW of Grid-Connected Solar Projects

The Ministry of Finance, Maldives, on behalf of the Ministry of Environment, Climate Change and Technology, has invited bids to select developers to install 20 MW of...

May 16, 2023

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Rakesh Ranjan

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Solar

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Tenders & Auctions

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