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Backlog of Unsigned PSAs Risk Slowing India’s Renewable Energy Growth

Delays in signing PSAs are a bottleneck in the growth of renewable energy capacity in India, jeopardising the 175 GW by 2022 target Delays in signing power sale agreements (PSAs) are a bottleneck in the growth of renewable energy capacity in India, jeopardising the government’s renewable energy target of 175 gigawatts (GW) by 2022, dampening […]

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ReNew Power Successfully Prices USD 585 Million of Green Bonds

ReNew Power has announced the successful pricing of USD 585 million of 4.5 percent US dollar-denominated senior secured “green bonds” ReNew Power Private Limited, one of India’s leading renewable energy company, has announced the successful pricing of USD 585 million of 4.5 percent US dollar-denominated senior secured “green bonds” due 2028 on March 31, 2021, to be issued by certain of its […]

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Fujitsu, AutoGrid to Boost Renewable Energy use in Japan With VPP Solution

Fujitsu will begin offering Autogrid Virtual Power Plant (VPP) solution in Japan under a new collaboration agreement. Fujitsu Limited and AutoGrid Systems have announced that Fujitsu will begin offering Autogrid’s Virtual Power Plant (VPP) solution in the Japanese market. Fujitsu will leverage the solution to maximise the use of distributed energy resources in the domestic […]

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World Adds Record new Renewable Energy Capacity in 2020: IRENA

According to IRENA, the world added more than 260 GW of renewable energy capacity last year, exceeding expansion in 2019 by close to 50%. Global renewable energy capacity additions in 2020 beat earlier estimates and all previous records despite the economic slowdown that resulted from the COVID-19 pandemic. According to data released today by the […]

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Radiance Renewables Acquires 152 MW Solar Rooftop Assets of Azure Power

Radiance Renewables, a player in the competitive renewable energy solutions for commercial, industrial and residential customers has announced an agreement to acquire the solar rooftop assets of Azure Power Global Limited for Rs 536.5 crore covering 152.5 MW including 8.1 MW of under construction and 18.5 MW of recently commissioned assets. Radiance is a 100% […]

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Borosil Renewables to Invest Rs 500 Cr to Double Solar Glass Manufacturing 

Borosil Renewables has plans for doubling its capacity of solar glass manufacturing to 900 tonnes per day with an investment of Rs 500 crore. Borosil Renewables, the only domestic manufacturer of solar panel glass, has announced its plans for doubling its capacity to 900 tonnes per day with a planned investment of Rs 500 crore. […]

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Energy Transition to Renewables in US to Accelerate Over Next 2-3 Years: Report

The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the IEEFA’ U.S. Power Sector Outlook 2021. The report adds that solar and battery storage adoption is enjoying almost exponential growth, and wind and solar technology improvements have helped turn the two resources […]

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SolRiver Capital Acquires 45 MW Solar Portfolio in Carolinas From Birdseye Renewable Energy

SolRiver Capital LLC, a national solar investment fund, has announced the acquisition of a 45 megawatt solar portfolio located throughout the Carolinas from Birdseye Renewable Energy (“Birdseye“), a leading developer of solar energy projects in the Southeastern United States. This is the second acquisition between SolRiver and Birdseye. The first project, located in North Carolina, was successfully […]

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SECI Issues Clarifications for its EOI for Renewable Solutions in Himalayas

SECI has issued clarifications against queries raised by prospective bidders for the EoI for Renewable Solutions in remote areas of the Himalayas The Solar Energy Corporation of India (SECI) has issued clarifications against queries raised by prospective participants for the EoI for Renewable Energy (RE) based Solutions/ System /Technology for meeting energy requirements in remote […]

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