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Home2017November

Month: November 2017

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International News

Norway’s Saga signs $2.9 billion deal for solar power development in Iran

November 21, 2017

Norway-based solar plant and panels developer Saga Energy has signed a $2.94 billion deal with Iran’s Amin Energy to build 2 GW of PV projects in the country. Reportedly, the deal is awaiting the finalisation […]

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International News

EBRD and IFC invest $500 million for solar power development in Egypt

November 21, 2017

The European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and a set of private sector investors have decided to invest $500 million for the construction of 1.4 GW of PV capacity […]

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International News

Senegal issues 100 MW solar tender

November 21, 2017

The Senegalese government has issued an open tender for solar projects with a combined storage capacity of 100 MW in the Diourbel, Kaolack and Fatick regions of Senegal. The two-phase open tender is for private […]

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International News

CFC provides $94 million loan to develop an Australian wind park

November 21, 2017

The Clean Energy Finance Corporation will provide a $94 million loan to Windlab and Eurus Energy for co-development of the Kennedy Energy Park. The 60 MW park comprises 43.2 MW of wind capacity, 15 MW […]

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International News

Austrian Solar starts work on Huatacondo solar project in Chile

November 21, 2017

Chile-based Austrian Solar has announced the commencement of the Huatacondo photovoltaic (PV) project in northern Chile. This is a 98 MW project, which will be set up on 350 hectares of public land granted by […]

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International News

AES commissions 20 MW of storage in the Dominican Republic

November 21, 2017

US-based AES Corporation’s Dominican unit AES Dominicana has commissioned 20 MW of storage battery systems at two locations in the Dominican Republic. Each system has a capacity of 10 MW and has been supplied by […]

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International News

ENGIE acquires Uganda-based Fenix International

November 21, 2017

France-based ENGIE has announced the acquisition of 100 per cent stake in Uganda-based Fenix International, an energy generation company offering solar home systems in Africa. However, the financial terms of the transaction have not been […]

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International News

Sun Exchange raises $1.6 million from investors

November 21, 2017

South Africa-based Sun Exchange, which is a marketplace for leasing solar equipment, has raised around $1.6 million in financing from a group of investors. The investors comprise Network Society Ventures from the US; Kalon Venture […]

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Miscellaneous

Lightsource and UK Climate Investments partner to fund solar projects in India.

November 21, 2017

Lightsource Renewable Energy and UK Climate Investments have entered into a partnership agreement to fund the development, acquisition and ownership of large-scale solar power generation assets in India. Together, the companies target greenfield development and […]

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Miscellaneous

TPDDL and GIZ sign MoU for renewable energy promotion

November 21, 2017

Tata Power Delhi Distribution Limited (TPDDL) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have signed an MoU to collaborate and conduct research in the areas of grid-connected rooftop solar, energy storage systems, EVs, smart grid […]

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Miscellaneous

EESL and GEF to provide $454 million for energy efficiency fund

November 21, 2017

Energy Efficiency Services Limited (EESL) and the Global Environment Facility (GEF) have jointly launched a $454 million project to mitigate 60 million tonnes of CO2 equivalent and enable energy savings amounting to 38.3 million gigajoule […]

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Miscellaneous

NTPC seeks licence to set up EV charging stations

November 21, 2017

NTPC is seeking a common pan-Indian licence to construct and set up EV charging stations across India. According to the Electricity Act, 2003, electricity can be sold by a discom and its licensees or franchisees. […]

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Miscellaneous

Indian government commits Rs 1.05 billion to purchase EVs

November 21, 2017

The Indian government has announced grants worth Rs 1.05 billion to smart cities for purchasing electric vehicles (EVs) and developing charging infrastructure. Cities with populations greater than 1 million are eligible for this. The vehicles […]

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Financings

USICEF to provide $900,000 grant for distributed solar

November 21, 2017

The US-India Clean Energy Finance initiative will provide $900,000 funding to solar companies in India to encourage the adoption of distributed solar power in the country. The funds can be utilised for a variety of […]

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Financings

SBI and World Bank extend $357 million credit solar rooftop power development

November 21, 2017

The State Bank of India (SBI) and the World Bank have jointly announced the provision of Rs 23.2 billion in credit facilities for seven Indian solar companies. The funds will be used for developing grid-connected […]

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Financings

World Bank and India sign $100 million loan agreement for solar park development

November 21, 2017

The Government of India and the World Bank have signed a $100 million loan and grant agreement to develop solar park infrastructure in the country. The first component of the funding comprises a $75 million […]

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Projects

EDEN commissions 87 MW of solar capacity

November 21, 2017

EDEN, a JV between EREN Renewable Energy and EDF Energies Nouvelles, has developed and commissioned three solar projects with a combined capacity of 87 MW. The projects comprise two 36 MW solar projects in Uttarakhand […]

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Projects

Tata Power commissions projects worth 55 MW in India

November 21, 2017

Tata Power Renewable Energy Limited (TPREL) has commissioned two projects having a combined capacity of 55 MW in Maharashtra and Gujarat, under the DCR category. This includes a 25 MW grid-connected solar project at the […]

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Projects

Azure Power wins 250 MW solar capacity

November 21, 2017

Azure Power has emerged as the lowest bidder by quoting a tariff of Rs 3.14 per kWh to develop 250 MW of solar projects tendered by NTPC Limited under the domestic content requirement (DCR) category. […]

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Projects

10 MW of floating solar projects tendered in Lakshadweep

November 21, 2017

The Lakshadweep Energy Development Agency (LEDA) has invited expressions of interest (EoIs) for developing floating solar projects worth 10 MW in and around Lakshadweep’s nine islands. The EoIs call for the best technology available to […]

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