Astudy released by the Council on Energy, Environment and Water (CEEW) states that solar tariffs would rise by 10 per cent if the current tax exemptions given to the solar sector were curtailed with the […]
According to the data shared by the Department of Industrial Policy and Promotion, India witnessed a total of $1.77 billion foreign direct investment (FDI) equity flow in the non-conventional energy sector between April 2014 and […]
IDFC Alternatives, the asset management arm of IDFC Limited, is looking to exit its investment in Hyderabad-based renewable energy firm Mytrah Energy India, ahead of the company’s IPO. Mytrah is learnt to have started preparations […]
Suzlon Energy is learnt to be in advanced talks to sell stake in 130 MW of solar projects to raise Rs 1.1 billion by end-March 2017. The company had earlier divested 49 per cent stake […]
Orient Green Power Company Limited (OGPL) is reportedly in discussions with IL&FS Wind Energy for a potential merger of the wind energy generation businesses of both entities. The merged entity will have 1.2 GW of […]
Japan-based power company JERA, a JV between Tokyo Electric Power and Chubu Electric Power, has acquired a 10 per cent stake in ReNew Power Ventures for $200 million. With this latest round of investment, the […]
The International Finance Corporation (IFC), which is the private sector investment arm of the World Bank, is looking to invest about Rs 1 billion in renewable energy company CleanMax Enviro Energy Solutions. The latter will […]
In a related development, ReNew Power has raised equity worth $265 million from the Abu Dhabi Investment Authority, Goldman Sachs and the Global Environment Fund (GEF), taking the total funds raised in recent times to […]
ReNew Power has announced a long-term debt financing of $390 million from ADB. Proceeds from this ADB investment will be utilised by the company to develop and expand capacities in Andhra Pradesh, Gujarat, Jharkhand, Karnataka, […]
E-commerce platform Snapdeal is planning to set up solar rooftop projects worth 1 MW at its warehouses across various locations. The project is being implemented by Amplus Energy Solutions, which will set up the rooftop […]
The Mumbai Metro Rail Corporation (MMRC) is planning to use solar energy to power part of the third phase of the metro project. It plans to use solar energy at the Aarey car depot and […]
The Andhra Pradesh government is planning to set up a 100 MW floating solar power plant at the Penna Ahobilam Balancing Reservoir in Anantapur. Meanwhile, the state’s New and Renewable Energy Development Corporation is also […]
Electrical utility company CESC is looking to invest Rs 6 billion in Gujarat and Andhra Pradesh to increase its installed wind energy capacity from 130 MW to 207 MW. So far, the company has invested […]
Mytrah Energy has announced that it will invest Rs 130 billion to set up wind and solar power projects in Andhra Pradesh. The investment will be split between wind and solar power technologies, with a […]
Gamesa is planning to invest Rs 175 billion in Andhra Pradesh to set up 2.5 GW of solar, wind, and solar-wind hybrid power projects. The company will acquire land and collaborate with investors and industries […]
Gujarat Industries Power Company has signed a power purchase agreement with Gujarat Urja Vikas Nigam Limited for 27.3 MW of wind power capacity. This is a part of the 50.4 MW of capacity being set […]
Suzlon Energy has crossed the 10,000 MW of wind power capacity installations benchmark in India. The company has stated that it has so far set up 35 per cent of the total wind power capacity […]
BHEL has secured an order for the installation of solar photovoltaic (PV) rooftop systems totalling 3.6 MW from the Surat Municipal Corporation. According to BHEL, while all the 10 identified areas of installation would be […]
Bharat Heavy Electricals Limited (BHEL) has received an order from Power Grid Corporation of India Limited for the augmentation of three extra high voltage (EHV) substations in Karnataka on a turnkey basis. The Rs 960 […]
SECI’s 1 GW tender inviting bids for wind power projects has been oversubscribed, with 13 developers submitting bids equivalent to 2.6 GW of capacity. Around 69 per cent (1,794 MW) of the bids are for […]
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