indigrid

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Daily News Wrap-Up: SECI Announces Winners of 630 MW FDRE Auction

JSW Neo Energy (JSW Energy), Hero Solar Energy, Vena Energy, Hexa Climate Solutions, and Serentica Renewables won significant capacities in Solar Corporation of India’s...

July 29, 2024

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Mercom Staff

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Daily Wrap-up
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IndiGrid’s Q1 Revenue Surges 32.7% on Strategic Acquisitions

India Grid Trust (IndiGrid), a power infrastructure investment trust, reported that its first quarter revenue surged by 32.7% year-over-year, reaching ₹8.35 billion...

July 26, 2024

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Arshreet Singh

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Finance and M&A
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Daily News Wrap-Up: MNRE Adds 3.5 GW of New Solar Module Capacity to ALMM

The Ministry of New and Renewable Energy (MNRE) has expanded the Approved List of Models and Manufacturers (ALMM) by adding 3,508 MW of new solar module capacity. The...

May 28, 2024

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Mercom Staff

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Daily Wrap-up
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IndiGrid’s Transmission Portfolio Grows, Q4 FY 2024 Revenue Up 31% YoY

India Grid Trust (IndiGrid), a power infrastructure investment trust, has recorded a revenue of ₹7.86 billion (~$94.59 million) during the fourth quarter (Q4) of the...

May 27, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Daily News Wrap-Up: IREDA Approves Loans of ₹373.54 Billion in FY24

Government-owned lender Indian Renewable Energy Development Agency approved loans amounting to ₹373.54 billion (~$4.48 billion) and disbursed ₹250.89 billion (~$3.01...

April 3, 2024

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Mercom Staff

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Daily Wrap-up
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IndiGrid’s First Greenfield Project to Evacuate 1 GW Renewable Energy in Maharashtra

Power sector infrastructure investment trust IndiGrid has operationalized its first greenfield project, Kallam Transmission, in Beed, Maharashtra. The project will...

April 2, 2024

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Arshreet Singh

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Other

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Renewable Energy
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Gensol and IndiGrid Win GUVNL’s 500 MWh BESS Auction at Record-Low Tariffs

Gensol Engineering and IndiGrid 2 (IndiGrid) have won Gujarat Urja Vikas Nigam’s (GUVNL) auction to set up pilot projects of 250 MW/500 MWh standalone battery energy...

March 7, 2024

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Satish Shetty

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Energy Storage

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Tenders & Auctions
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Daily News Wrap-Up: West Bengal’s Tender for 10 MW Solar Power Project

The West Bengal State Electricity Distribution Company has invited bids to build a 10 MW solar power project on a turnkey basis along the Teesta Canal bank in Uttar...

February 20, 2024

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Staff

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Daily Wrap-up
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Daily News Wrap-Up: NLC India Floats Tender for 393.9 MW of Solar Modules

NLC India has invited bids to procure 393.9 MW of solar modules for Gujarat State Electricity Corporation’s solar park in Khavda, Gujarat. The last day to submit the...

January 30, 2024

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Mercom Staff

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Daily Wrap-up
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IndiGrid’s Q3 FY 2024 Profits Down 23% YoY to $919 Million

India Grid Trust (IndiGrid), a power infrastructure investment trust, has recorded a profit of ₹919.21 million (~$11.05 million) during the third quarter (Q3) of the...

January 29, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: SECI’s 2 GW Wind-Solar Auction

NTPC Renewable Energy, Juniper Green Energy, and Green Infra Wind Energy (Sembcorp) were declared winners in Solar Energy Corporation of India’s auction to develop 2,000...

January 10, 2024

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Mercom Staff

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Daily Wrap-up
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Project Finance Brief: Soltec Sells 850 MW Solar Portfolio in Denmark

From: Mercom Capital Group Single-axis solar tracker firm Soltec sold a 100% stake in its 850 MW portfolio of solar projects in Denmark to Copenhagen Infrastructure...

January 10, 2024

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Staff

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Finance and M&A

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Solar
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IndiGrid to Acquire ReNew’s 300 MW Solar Project in Rajasthan for ₹16.5 Billion

Power infrastructure investment trust IndiGrid has signed a share purchase agreement to acquire ReNew’s 300 MW (AC) solar project in Rajasthan at an enterprise valuation...

January 9, 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’s 4.1 MW Rooftop Solar Projects

NTPC has invited bids for the engineering, procurement, and construction of grid-connected rooftop solar power projects with a cumulative capacity of 4,106 kW at five...

January 4, 2024

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Mercom Staff

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Daily Wrap-up
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India’s Top Five Solar Energy Funding Deals in 2023 [Infographics]

Here are the top five funding deals in the solar sector in India during 2023 according to Mercom’s Q3 2023 India Solar Market Update report: Adani New Industries, a...

December 28, 2023

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Gautamee Hazarika

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Markets & Policy

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Mercom Research Focus

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Solar

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