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Home2019February

Month: February 2019

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Projects

Vikram Solar commissions two solar power projects in West Bengal

February 25, 2019

Vikram Solar Private Limited has commissioned a 10 MW solar PV power project in Khemasuli and another 10 MW solar PV power project located at Lalgarh in the Paschim Medinipur district of West Bengal. The […]

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Projects

Inox Wind receives LoI for development of 501.6 MW wind power projects in Gujarat

February 25, 2019

Inox Wind Limited has received the LoI from Adani Green Energy Limited (AGEL) for the development of wind power projects with a combined capacity of 501.6 MW in Kutch district, Gujarat. Inox Wind will supply, […]

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Projects

Seven companies submit bids to develop solar power projects of capacity 1,000 MW in Maharashtra

February 25, 2019

Seven companies have submitted technical bids for the development of 1,000 MW grid-connected solar PV plants under Phase II in Maharashtra. These include Avaada Power Private Limited (500 MW), Adani Group (500 MW), ACME Solar […]

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Financings

AGEL acquires balance 51 per cent equity share capital of KSPPl in 20 MW Bagewadi solar power project

February 25, 2019

AGEL has acquired the remaining 51 per cent equity share capital of Kodangal Solar Parks Private Limited (KSPPL) from FS India Devco Private Limited in the 20 MW Bagewadi solar power project. With this, KSPPL […]

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Financings

Petronas in talks to acquire majority stake in Amplus Energy

February 25, 2019

Petroliam Nasional Berhad (Petronas) is in talks with I Squared Capital to acquire majority stake in Amplus Energy Solutions Private Limited. The value of the transaction is expected to be about Rs 27 billion. Currently, […]

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Financings

Leap Green to invest Rs 17 billion for developing 250 MW wind power plant in Tamil Nadu

February 25, 2019

The Tamil Nadu government and Leap Green Energy have signed an MoU for the development of 250 MW wind power plant in Tamil Nadu. According to the MoU, Leap Green Energy is expected to invest […]

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Miscellaneous

Argentina becomes 72nd country to sign framework agreement of ISA

February 25, 2019

Argentina has become the 72nd country to sign the Framework Agreement of the International Solar Alliance (ISA). The agreement was signed on the sidelines of the three-day visit of Argentinian President Mauricio Macri to India. The agreement was […]

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International News

ACWA plans to make solar panels as part of SoftBank, Saudi fund’s $200 billion project

February 25, 2019

Riyadh-based ACWA Power, partly owned by the Public Investment Fund of Saudi Arabia, plans to expand into solar panel manufacturing. The company is in talks to manufacture solar panels for the SoftBank-Saudi fund’s $200 billion […]

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International News

Orsted shares fall as disinvestment plans hit a road-block

February 25, 2019

The shares of Orsted took a dip after the energy company, which is 50.1 per cent owned be the Danish government, announced that there was no longer required political support for continuing the ongoing divestment […]

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International News

Saudi Arabia plans $2-billion solar and carbon black complex

February 25, 2019

Saudi Arabia plans to develop a $2 billion solar and carbon black integrated complex in partnership with China’s Longi Solar and South Korea’s OCI. The country is currently working on a feasibility study for the […]

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International News

Mangdechhu hydroelectric project to start producing electricity

February 25, 2019

After missing a few deadlines, the 720-MW Mangdechhu hydroelectric project in Bhutan is likely to come alive by the end of February 2019. Against the initial project planning for completion in 2017, the project was […]

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International News

Abu Dhabi’s Masdar to buy wind farm stakes from John Laing Group

February 25, 2019

Abu Dhabi Future Energy Company (Masdar) is set to acquire the John Laing Group’s stakes in two wind farms in the US. This will be Masdar’s first renewable energy investment in North America. The two […]

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International News

Brazil miner Vale gets approval to buy 3 wind farms

February 25, 2019

Iron ore miner Vale SA has won approval from Brazil’s antitrust regulator to buy three wind farms located in the northeast of the country from investment fund Salus. Salus is controlled by the Mario Araripe […]

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International News

Norsk Hydro shares jump after Brazilian state lifts embargo

February 25, 2019

The Brazilian state of Para lifted a production embargo on Norsk Hydro’s Alunorte alumina refinery, raising the share value of the Norwegian aluminium maker. The shares rose by 5.3 per cent to a six-week high […]

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International News

Google to buy power from solar farms in Tennessee, Alabama

February 25, 2019

Google plans to buy 413 MW of output from several new solar farms located in Tennessee and Alabama in the US. Two of the largest projects will be able to produce about 150 MW each […]

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International News

China’s Jiangsu province approves 6.7 GW offshore wind projects

February 25, 2019

China’s manufacturing hub Jiangsu province gave its consent to 24 offshore wind power projects with a total capacity of 6.7 GW. This part of Jiangsu’s ambitious plan to launch 10 GW of offshore wind power […]

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International News

Investec, UK Climate Investments commit $72 million to Revego Africa Energy

February 25, 2019

Asset manager Investec and UK Climate Investments, a joint venture between the Green Investment Group and the British government, have committed $72 million to investment vehicle Revego Africa Energy Limited for renewable energy projects. Revego […]

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International News

Bosnia’s HE Dabar invites bids for 160 MW hydropower plant

February 25, 2019

Bosnian hydropower company HE Dabar has invited bids for the construction and financing of its 160 MW hydropower plant in southeastern Bosnia at an estimated cost of $213 million. The Dabar power plant, located on […]

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International News

Google signs its first solar purchase deal in Asia to power data centre

February 25, 2019

Google has signed a long-term agreement to buy the output of a 10 MW solar array, which is part of a larger solar farm, in Tainan City in Taiwan. This will be the company’s first […]

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International News

France opens bids for 300 MW solar tender in Fessenheim nuclear conversion plan

February 25, 2019

The French government has opened bids for a 300 MW solar power project as part of the conversion programme for its Fessenheim nuclear power plant, which is due to be decommissioned by 2022. To be […]

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