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Indian Energy Efficiency Deliver Major Savings (Int'l. Report)
Indian Bureau of Energy Efficiency
Date: 2020-05-13
The Indian Bureau of Energy Efficiency (BEE) is reporting several of the various energy efficiency programs in India has led to 113.16 billion units (BUs) in 2018-19 -- a 9.39 pct reduction in the country's net electric power consumption.

The New Delhi-based agency's study aims to assess the impact of all the energy programs in India in terms of total energy saved and reduction in the amount of carbon emissions in 2018-19.

According to the report, the total energy savings achieved in 2018-19 stood at 23.73 Mtoe (million tons of oil equivalent) -- 2.69 pct of the total primary energy supply, which was estimated to be 879.23 Mtoe during 2018-19. This includes both supply and demand-side sectors of the economy.

Overall, the study concluded that various energy efficiency measures have translated into monetary savings of $11.9 billion (US) against the savings in 2017-18, which stood at $7.1 billion.

The report also noted the United Nations Industrial Development Organization, in collaboration with BEE, is executing a global environment facility funded national project to promote energy efficiency and renewable energy in selected MSME clusters in India. (Source: Indian Bureau of Energy Efficiency, Mercom, 11 May, 2020) Contact: Indian Bureau of Energy Efficiency, +91 11 26178352 - fax,

More Low-Carbon Energy News India Energy Efficiency,  Energy Efficiency,  

Singapore's CapitaLand Borrows $282Mn for Green Buildings (Int'l.)
Date: 2020-04-17
Singapore-headquartered CapitaLand reports it has secured a 4-year, S$400 million ($282.65 million) in green loan funding from the Hongkong and Shanghai Banking Corporation Limited (HSBC)to increase its green assets and enhance its global property portfolio by 2030.

According to the company's statement, the green loans will be used for financing or refinancing the development, investment, and acquisition of green buildings that achieve or are expected to achieve either a Green Mark Gold PLUS certification from the Building & Construction Authority of Singapore (BCA) or US Green Building Council LEED Gold certification.

The statement also notes CapitaLand will purchase Renewable Energy Certificates (REC) from the solar energy generated from over 21,000 solar panels installed atop CapitaLand's six industrial properties in Singapore. CapitaLand holds 16 properties in Singapore, China, Belgium, India, and four business parks in India that are fully or partially powered by renewable energy. (Source: CapitaLand, MERCOM India, 16 April, 2020) Contact: CapitaLand Group, Andrew Lim, CFO,

More Low-Carbon Energy News USGBC,  LEED Certification,  Energy Efficiency,  Green Building,  

ReneSola, Zhongnan Industry Ink $100Mn Investment Deal (Int'l.)
Date: 2020-04-15
In China, solar module manufacturer ReneSola Ltd. is reporting and agreement under which Zhongnan Industry, a subsidiary of Zhongnan Holding Group, will invest $100 million to strengthen ReneSola's solar module manufacturing supply chain. (Source: ReneSola Ltd, PR, Mercom India, April, 2020) Contact: ReneSola Ltd, Sky Wang, CEO, Josef Kastner, VP, Willy Lin, CFA, +86 (21) 6280-9180 x155,,; Zhongnan Holding,

More Low-Carbon Energy News ReneSola,  Solar,  

Jinko Bifacial Modules Break Efficiency Record (New Prod & Tech)
Date: 2020-01-22
Shanghai-headquartered solar module manufacturer JinkoSolar Holding Co., Ltd. reports it has broken the world record for maximum conversion efficiency for its bifacial solar modules, hitting 22.49pct, as verified by TÜV Rheinland, an independent provider of technical services for testing, inspection, certification, consultation, and training.

To improve the efficiency of its mass-produced modules the company applied a newly developed anti-reflection coating (ARC) and advanced metallization technology alongside other proprietary technology and incorporated into the cell design, eliminating the inter-cell gapto ensure higher efficiency and reliability, according to a release.

According to its statement, JinkoSolar has an integrated annual capacity of 14.5 GW for silicon wafers, 9.2 GW for solar cells, and 15 GW for solar modules, as of September 30, 2019, according to the company. (Source: JinkoSolar, Mercom India, 21 Jan., 2020) Contact: Jinko Solar Holding Co. Ltd., Ripple Zhang, +86 21-5183 3105,

More Low-Carbon Energy News JinkoSolar,  Solar Cell Efficiency,  

Inox Wind, Adani Green Energy Ink 50 MW Wind PPA (Int'l. Report)
Inox Wind,Adani Green Energy
Date: 2019-10-28
India-headquartered Inox Wind reports it has inked a PPA agreement for power from a 50 MW, 25-turbine wind power project with the Solar Energy Corporation of India (SECI). To date, has commissioned 166 MW of wind projects for Adani. (Source: Inox Wind, Mercom, 22 Oct., 2019) Contact: Adani Green Energy, +91-79-2656 5555,,; Inox Wind, Kailash Tarachandani, CEO, +91 1975 272001,,

More Low-Carbon Energy News Inox,  Wind,  Adani Green Energy,  

$330Bn Indian Renewable Energy Investment Expected by 2030 (Int'l)
Date: 2019-07-10
According to Mercom's Economic Survey 2018-19, India ranks fourth in terms of installed wind capacity globally and fifth in terms of installed solar capacity.

The Mercom survey notes that the share of renewable energy is progressively increasing in the Indian electricity mix and that the additional investments in renewable projects up to 2022 (excluding transmission) will be about $80 billion at today's prices and an investment of around $250 billion will be required for the period 2023-2030. ON an annualized basis, a $30 billion investment in renewable energy is expected over the next decade.

According to the survey, the cumulative renewable power installed capacity (excluding hydro of above 25 MW) has more than doubled from 35 GW on March 31, 2014, to 78 GW on March 31, 2019. The target is to achieve an installed capacity of renewable-based power of 175 GW by the year 2022. The share of renewables (excluding hydro above 25 MW) in the total generation was around 10 pct in 2018-19 compared to about 6 pct in FY 2014-15, the survey notes. (Source: Mercom Capital Group, July, 2019) Contact: Mercom Capital Group, (512) 215-4452,,

More Low-Carbon Energy News India Renewables,  Wind,  Solar,  Mercom,  

Greenko Raises $495 Mn for 2.4 GW of Energy Storage (Funding)
Date: 2019-06-07
In India, General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA) are reporting an agreement to invest $495 million as primary equity in Hyderabad-headquartered renewable energy company Greenko Energy Holdings' planned installation of two 1.2 GW renewable energy storage projects in Pinnarpuram and Saundatti, in the states of Andhra Pradesh and Karnataka.

The projects are slated for completion in 2022 at an expected cost of approximately $2 billion.

Greenko aims to establish an efficient energy platform to generate round-the-clock (RTC) power is an attempt to create a reliable and schedulable power generation and eventually replace fossil fuels.The majority of Greenko's installations are in the wind, solar and hydro with a combined capacity of 4.2 GW. (Source: Greenko Energy, MERCOM, 6 June, 2019) Contact: Greenko Energy, Anil Chalamalasetty, CEO, +91 40 40301000,,

More Low-Carbon Energy News Greenko,  Energy Storage,  Energy Efficiency,  

Joint $330Mn Investment in Indian Renewables Announced (Int'l)
CDC Group
Date: 2019-03-08
EverSource Capital, National Investment and Infrastructure Fund of India (NIIF) and Ayana Renewable Power are reporting plans to jointly invest $330 million in Indian renewable energy projects. The three group also intend to invest a further $1.7 billion in Indian and neighboring countries power generation, power transmission and distribution, transport, the gas midstream, and the water sector over the next three years.

The launch fund would be called the Green Growth Equity Fund (GGEF). The UK government and India's National Investment and Infrastructure Fund (NIIF) will be joint anchor investors in GGEF with a commitment of £ 120 million each.

The London-headquartered CDC is the UK's development finance institution that supports companies that help poor countries grow. (Source: CDC Group, Mercom India, Mar., 2019) Contact: CDC Group, Srini Nagarajan, Head of CDC Asia, +44 (0)20 7963 4700, +44 (0)20 7963 4750 - fax,,

More Low-Carbon Energy News India Renewable Energy,  CDC Group,  ,  

Seraphim Planning 500 MW South African Solar Cell Plant (Int'l)
Seraphim Solar
Date: 2018-12-12
The solar cell facility will start commercial operation in Q3 2019 Chinese solar cell manufacturer Jiangsu Seraphim Solar Syste Co. Ltd. has announced to open a 500 MW solar cell factory in Port Elizabeth, South Africa. The new factory is being co-developed by Seraphim and Industrial Development Corporation of South Africa (IDC) and will begin commercial operation in Q3 2019.

Seraphin is also planning a 200 MW half-cell module assembly expansion in Eastern Cape. (Source: Jiangsu Seraphim Solar, Mercom, 11 Dec., 2018) Contact: Seraphin, +86-519-68788166, Fax: +86-519-8878-6181,,; Industrial Development Corporation of South Africa,

More Low-Carbon Energy News Seraphim Solar,  Solar,  

Battery Storage VC Funding Hits $539Mn in H1, says Mercom Report (Ind. Report)
Mercom Capital Group
Date: 2018-07-25
Mercom Capital Group LLC consultancy's report on funding, mergers and acquisitions (M&A) activity for the battery storage, smart grid and energy efficiency sectors notes that venture capital (VC) funding for battery storage companies grew to $539 million in the first half of 2018, marking a 12 pct year-on-year rise. The data covers the second quarter and first half of 2018.

According to the report, corporate funding in battery storage came from 34 investors, with the top dealan $80-million Series D financing round of behind-the-meter battery startup Stem Inc. Germany's Sonnen GmbH, raised $71 million in a financing round led by Shell Ventures. Massachusetts-based materials technology company Ionic Materials raised $65 million and Durapower raises $40 million while thermal energy storage provider Ice Energy also raised $40 million.

The number of battery storage-related M&A transactions in the six months was eight, only one of which was with a disclosed value. This compares to two such deals in the first half of 2017, according to the Mercon report. (Source: Mercom Capital Group Contact: Mercom Capital Group, (512) 215-4452,,

More Low-Carbon Energy News Mercom Capital Group,  Battery,  Energy Storage ,  

Battery Storage, Energy Efficiency Companies Raise $1Bn January - June, 2017 (Ind. Report)
Mercom Capital Group
Date: 2017-07-26
The global clean energy communications and consulting firm Mercom Capital Group reports that global battery storage, smart grid, and energy efficiency companies raised more than $1 billion in venture capital (VC) funding during the January-June period of this year. In the corresponding period of 2016, $ 807 million was raised.

In January-June 2017, smart grid companies raised $304 million while VC funding into energy efficiency technology companies totaled $242 million in 20 deals. On a quarter on quarter basis, VC funding for battery storage companies jumped to $422 million in 10 deals in April-June this year compared to $58 million in eight deals in January-March 2017. VC funding into energy efficiency technology companies fell significantly to $29 million in Q2 2017 compared to the $213 million in in Q1 2017, the report said. (Source: Mercom Capital Group, PTI, Financial Express, Others, 25 Jan., 2017) Contact: Mercon Capital Group, (512) 215-4452,,

More Low-Carbon Energy News Mercom Capital Group,  Energy Efficiency,  Battery,  Energy Storage,  SmartGrid,  

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