French utility, EDF has committed to develop 30 GW of solar capacity in the country between 2020 and 2035 at an investment of Euro 25 billion. For the projects, the company is planning to lease […]
The Ministry of Trade, Industry and Energy of South Korea has announced its target to achieve 58.5 GW of renewable energy capacity by 2030. It will account for a 20 per cent share in the […]
Bangladesh’s North-West Power Generation Company Limited has issued a global engineering, construction and procurement tender for the development of a 7.6 MW grid-connected solar project in Soydabad, near Dhaka. The project completion time frame is […]
January Issue 2018
Tata Power has announced its plans to set up additional electric vehicle charging stations in Mumbai. The stations are being developed at the Bandra Kurla Complex and the Western Express Highway at Borivali. Earlier, the […]
JSW Energy Limited incorporated a wholly owned subsidiary, JSW Solar Limited, on January 1, 2018 to venture into the renewable energy sector. The subsidiary will be involved in segments such as energy storage systems, microgrids […]
The MNRE has stated that the estimated potential of tidal energy in India stands at 8,000 MW currently. Of this, 7,000 MW potential has been assessed in the Gulf of Kambhat region and 1,200 MW […]
As of November 2017, India had set up 1,085 small-hydro power (SHP) projects with an aggregate capacity of 4,400 MW. Karnataka led with 162 projects having a total installed capacity of 1,230.73 MW. Himachal Pradesh […]
Orb Energy has raised funds worth over $15 million to expand its rooftop solar business in India and Kenya. Of the total funds, the Netherlands Development Finance Company has provided $4 million as equity and […]
ReNew Power has raised an amount of $352 million to fund its expansion plans and loan repayment. The funds have been raised though non-convertible debentures (NCDs) issued in two parts. Around $232 million was raised […]
YES Bank has partnered with the European Investment Bank (EIB) to formulate a renewable energy financing programme for India. EIB will provide $200 million as a 15-year loan and the remaining $200 million will be […]
The International Finance Corporation (IFC), a member of the World Bank Group, will provide a $50 million loan to Mahindra Renewables Private Limited (MRPL) for setting up its 250 MW project in the Rewa Solar […]
The Indian Railways Finance Corporation has raised $500 million through the issuance of its first green bond on the London Stock Exchange’s new International Securities Market. The Climate Bonds Initiative-certified green bond was oversubscribed by […]
The Indian Renewable Energy Development Agency (IREDA) has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). IREDA aims to issue 139 […]
The MNRE has proposed to provide Rs 234.5 billion as financial assistance to discoms to facilitate rooftop solar deployment. The proposal entrusts discoms with the implementation of rooftop solar projects and aims to reduce the […]
Hyet Solar, a Netherlands-based producer of flexible solar modules, is planning to set up a 200 MW module manufacturing unit in Assam. The company will not be directly investing the amount and is therefore looking […]
Oriano Solar, a Mumbai-based EPC firm, has completed the construction of two 20 MW solar power projects for First Solar in Gadag and Belagavi districts of Karnataka. Oriano has used thin-film CdTe modules manufactured by […]
Chennai Metro Rail Limited (CMRL) plans to install 50 MW solar street lights at its staff quarters in Koyambedu, Chennai, to promote the use of solar energy. To this end, CMRL has invited tenders under […]
BSES Rajdhani Power Limited has launched the “Solar City” initiative to increase solar rooftop installations in Delhi. The initiative has been launched in collaboration with the United States Agency for International Development PACE-D and the […]
TPREL a subsidiary of Tata Power, has commissioned a 50 MW solar project at the Pavagada Solar Park in Karnataka. The project was won under the DCR category of Phase II Batch II NSM in […]
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