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Home2017March

Month: March 2017

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Miscellaneous

MoU to be signed for renewable energy cooperation between India and Portugal

March 2, 2017

The Union Cabinet has given its ex-post facto approval for the signing of an MoU on renewable energy between India and Portugal. The MoU, which was signed on January 6, 2017, will help in strengthening […]

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Miscellaneous

Indian Navy installs light weight flexible solar panels on its survey vessel, Sarvekshak

March 2, 2017

As part of its clean energy initiatives, the Indian Navy has installed 18 light weight flexible panels of 300 Watt each on its survey vessel, Sarvekshak. The power generated from the solar system, which has […]

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Miscellaneous

IIT, Madras wins IEEE Spectrum Technology in the Service of Society Award 2017

March 2, 2017

The Indian Institute of Technology, Madras has won the IEEE Spectrum Technology in the Service of Society Award 2017, for its solar direct current (DC) inverter system. The system is used for microgrids, wherein it […]

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Miscellaneous

Rashtriya Rifles installs solar light generating sets in Mathiyanigala, Jammu

March 2, 2017

Kalakote-based Rashtriya Rifles, a branch of the Indian Army under the authority of the Ministry of Defence, has installed 40 solar light generating sets in the remote village of Mathiyanigala, Jammu. These solar lights have […]

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Miscellaneous

Mitsui Group looking to enter India’s clean energy space

March 2, 2017

Japan-based Mitsui Group is looking for an investment opportunity in India’s clean energy sector. This is a part of the $33 billion investment commitment announced by the Japanese government to be made between 2014 and […]

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Miscellaneous

Lack of awareness a key challenge for renewable energy development

March 2, 2017

Project developers, policymakers, government officials, manufacturers and suppliers involved in the renewable energy sector believe that the major drawback for the industry is lack of awareness about renewable energy among the general public. In order […]

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Financings

World Bank to provide a $100 million towards transmission infrastructure development at Rewa

March 2, 2017

The World Bank Group is planning to provide a $100 million debt towards the development of transmission infrastructure at the Rewa Solar Park in Madhya Pradesh. Reportedly, 25 per cent of the 40-year loan will […]

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Financings

AMPL Cleantech commissions a 10 MW solar plant in Karnataka

March 2, 2017

AMPL Cleantech, the renewable energy subsidiary of the Atha Group, has commissioned a 10 MW solar photovoltaic (PV) plant near Chitradurga district in Karnataka. With this, AMPL Cleantech has achieved a solar capacity of 200 […]

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Financings

Madhav Infra Projects plans to sell 34 MW of its solar power assets

March 2, 2017

Madhav Infra Projects is planning to sell 34 MW of its solar power assets. The company values its solar business at about $45 million. Madhav Infra Projects was among the early entrants in the solar sector […]

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Financings

IREDA sets lower targets for 2017-18

March 2, 2017

The Indian Renewable Energy Development Agency has seen a massive reduction in the estimated lending target for 2017-18. The borrowing target for 2017-18 has been set at Rs 80.43 billion, which is 34 per cent […]

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Financings

Actis Capital raises $2.75 billion of funds

March 2, 2017

Private equity fund, Actis Capital has raised nearly $2.75 billion of funds and the company has reserved about $500 million for investing in solar and wind projects in India. Actis Capital had recently acquired Solairedirect […]

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Financings

Inox Group sell its 260 MW wind farms to Leap Green Energy

March 2, 2017

The Inox Group has agreed to sell its 260 MW operating wind farms to Leap Green Energy for an undisclosed amount. Inox Renewables, a wholly owned subsidiary of Gujarat Fluorochemicals and Inox Renewables (Jaisalmer), a […]

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Financings

ADB to provide a $500 million loan to Powergrid

March 2, 2017

The Asian Development Bank (ADB) has signed an agreement to provide a $500 million loan to Power Grid Corporation of India Limited (Powergrid) for the development of Green Energy Corridors. The funds will help Powergrid […]

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Financings

IDFC lends Rs 6.75 billion to Solairedirect Energy

March 2, 2017

The Infrastructure Development Finance Company (IDFC) has lent Rs 6.75 billion in a 70:30 debt-equity ratio to a solar project in Rajasthan owned by Solairedirect Energy, India. The project is being developed at Bhadla in […]

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Projects

IOCL plans to tender 15 MW of rooftop solar capacity

March 1, 2017

The Indian Oil Corporation Limited (IOCL) is planning to tender 15 MW of rooftop solar capacity. IOCL has already commissioned 6.5 MW of rooftop solar and is awaiting MNRE’s approval to tender more such projects. […]

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Projects

TPREL synchronises its 15 MW solar plant to the grid in Telangana

March 1, 2017

Tata Power Renewable Energy Limited (TPREL) has synchronised its 15 MW solar plant to the grid at Bellampalli in Telangana. The project was won under the 2 GW tender allocated by the Telangana government. With […]

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Projects

Hatsun Agro Product commissions a 24 MW wind power project in Tamil Nadu

March 1, 2017

Hatsun Agro Product has commissioned a 24 MW wind power project in Tuticorin district of Tamil Nadu. It is now in the process of installing 550 kW solar PV plant in Dindigul district of Tamil […]

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Projects

LNJ Bhilwara Group to sell its wind power portfolio

March 1, 2017

The LNJ Bhilwara Group intends to sell its wind power portfolio of 103.5 MW capacity. This comprises four wind power projects including two 20 MW projects in Rajasthan and two projects (49.5 MW and 14 […]

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Projects

Envio Energy commissions a 100 kWp rooftop solar project in Delhi

March 1, 2017

Envio Energy Technologies Private Limited has installed a 100 kWp rooftop solar project at Scope Minar, Laxmi Nagar in Delhi. The project, which is set up in a 1,200 square metre area, has been completed […]

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Projects

Northeast Frontier Railway tenders a 1 MW rooftop solar project in Assam

March 1, 2017

The Northeast Frontier Railway has tendered a 1 MW rooftop solar project in Bongaigaon, Assam. The Rs 75 million project will be deployed at the Carriage and Wagon Workshop to meet the power demand of […]

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