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Home2017October

Month: October 2017

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International News

PanaHome to install solar microgrid systems in smart city Shioashiya in Japan

October 25, 2017

PanaHome, a unit of Panasonic, will install solar microgrid systems for 117 homes in smart city Shioashiya in Ashiya, Hyogo, Japan. The project will be deployed in cooperation with the Ministry of Economy, Trade and […]

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International News

Total to acquire a 23 per cent stake in EREN Renewable Energy for $282.6 million

October 25, 2017

France-based integrated oil and gas company Total has signed an agreement to acquire a 23 per cent stake in French renewable energy group EREN Renewable Energy (EREN RE) for $282.6 million. The agreement enables Total […]

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Miscellaneous

Abraaj Group partners with ENGIE to set up a wind energy platform in India

October 25, 2017

The Abraaj Group, a Dubai-based emerging markets buyout firm, has partnered with ENGIE to set up a wind energy platform in India. The partnership aims to address the country’s growing demand for clean energy. To […]

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Miscellaneous

Solar developers demand scrapping of the clause regarding mandatory approval from PTCC for project completion

October 25, 2017

Solar power developers have filed a petition with the Ministry of Power to scrap the clause regarding mandatory approval from the Power and Telecom Coordination Committee (PTCC) for project completion. The petition states that currently […]

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Financings

Adani Enterprises Limited to demerge its renewable energy business

October 25, 2017

Adani Enterprises Limited (AEL) has announced plans to demerge its renewable energy business into its associate company, Adani Green Energy Limited (AGEL), to simplify the overall business structure of the company. The boards of the […]

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Financings

Reliance Money secures a Rs 3 billion loan from the IREDA

October 25, 2017

Reliance Money, a part of Reliance Commercial Finance Limited, has secured a Rs 3 billion loan from the IREDA. The loan will be used to develop renewable energy and energy efficiency projects in India. To […]

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Financings

IEX’s IPO oversubscribed by 2.28 times

October 25, 2017

The Indian Energy Exchange’s IPO that opened for subscription on October 9, 2017 received bids for 12.05 million shares on the third and final day of bidding and was over subscribed by 2.28 times. The […]

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Financings

Oorjan Cleantech raises $450,000 through online seed funding

October 25, 2017

Oorjan Cleantech has raised $450,000 through online seed funding in which Globevestor, a US-based venture capital firm, is the primary investor. The other investors include a group of senior officials from banks and financial services […]

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Financings

ACME Solar Holdings files preliminary papers with SEBI to raise funds through an IPO

October 25, 2017

ACME Solar Holdings has filed preliminary papers with the Securities and Exchange Board of India to raise Rs 22 billion through an initial public offering (IPO) at a face value of Rs 10 per share. […]

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Financings

ADB and Asian Infrastructure Investment Bank to fund power transmission network components

October 25, 2017

The Asian Development Bank (ADB) will fund additional power transmission network components with co-financing from the Asian Infrastructure Investment Bank. The financing approved for the project includes a $500 million government-backed loan as well as […]

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Financings

EIB to provide Euro 800 million for renewable energy investments across India

October 25, 2017

The European Investment Bank (EIB) will provide Euro 800 million or nearly Rs 61.3 billion worth of funds for renewable energy investments across India. This includes renewable energy financing in partnership with the Indian Renewable […]

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Projects

Secunderabad railway station certified as India’s first green railway station

October 25, 2017

The Secunderabad railway station in Telangana has been certified as India’s first green railway station by the Indian Green Building Council-Confederation of Industry (IGBC-CII). The railway station has received an IGBC-CII silver rating, which will […]

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Projects

Azure Power completes a 50 MW solar project in Uttar Pradesh

October 25, 2017

Azure Power has successfully commissioned the final phase of the 50 MW grid-connected solar project, spread across over 300 acres of land in Uttar Pradesh. The project was tendered by NTPC under the National Solar […]

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Projects

Azure to develop 1.3 MW of rooftop solar for the Ministry of Health and Family Welfare

October 25, 2017

Azure Roof Power has won a tender to develop 1.3 MW of rooftop solar for the Ministry of Health and Family Welfare, India, in an auction conducted by the NTPC Vidyut Vyapar Nigam (NVVN). As […]

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Projects

Ultimate Sun Systems installs a 150 kW rooftop solar plant in Haryana

October 25, 2017

Ultimate Sun Systems has installed a 150 kW rooftop solar power plant at Hewo Apartment I in Gurugram, Haryana, to electrify all common areas of the housing society. The Haryana Renewable Energy Department Agency has […]

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Projects

Mahindra Susten emerges as the lowest bidder for a solar+storage project of NLC

October 25, 2017

Mahindra Susten has emerged as the lowest bidder in the auction for a 20 MW solar power plant with a 28 MWh battery energy storage system. It was conducted by the Neyveli Lignite Corporation (NLC). […]

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Projects

TUV Rheinland opens a solar PV technology testing facility in Bengaluru

October 25, 2017

TUV Rheinland India has opened a Euro 2.5 million solar PV technology testing facility in Bengaluru, which is compliant with many national and international standards such as the International Electrotechnical Commission for Electrical Equipment’s CB […]

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Projects

Maa Sharda Town Hall in Gujarat gets a solar rooftop project

October 25, 2017

A solar rooftop power project has been installed at the Maa Sharda Town Hall in Ankleshwar, Gujarat. The air-conditioned building is spread across 30,000 square feet area and can accommodate 500 people. The building has […]

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Projects

ReNew Power commissions a 172 MW solar project in Telangana

October 25, 2017

ReNew Power has commissioned a 172 MW solar power plant at Dichipally, Telangana. It was developed under the Telangana State Solar Policy (Group 2). The plant is spread across nearly 1,100 acres of land and […]

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Projects

Tata Motors wins a contract to supply 10,000 EVs to EESL

October 25, 2017

Tata Motors has won a bid to supply 10,000 electric vehicles (EVs) to EESL to cater to government departments and agencies. Under the contract, Tata Motors will supply the EVs in two phases. Under the […]

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