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 […]
Mahindra Renewables, Acme Solar Holdings and Solenergi Power have bid record low tariffs of Rs 2.979 per kWh, Rs 2.97 per kWh and Rs 2.974 per kWh respectively to win contracts to build a 250 […]
The MNRE is planning to add a fixed-cost component to the tariff for electricity generated from renewable energy sources. The move is aimed at preventing distribution companies from backing down from procuring power generated by […]
The Ministry of Shipping has launched the Green Port Initiative, under which it plans to set up 136.5 MW of solar and wind power projects across 12 major ports in the country. These include 91.5 […]
In tune with the tariff policy announced by the MNRE in 2016, the Karnataka government has amended its 2014-21 solar policy and set an ambitious solar generation target of 6,000 MW by March 2021. The […]
The Union Budget 2017-18 has laid special emphasis on renewable energy development. As compared to the previous year when funds worth Rs 50.36 billion were allocated to the sector, for 2017-18 the allocation to the […]
Consequent to the Cabinet approval dated September 9, 2015, the MNRE has finally released the National Offshore Wind Energy Policy. The policy authorises the National Institute of Wind Energy (NIWE) to conduct the auction of […]
In response to a petition filed by the Madhya Pradesh Biomass Energy Developers Association, the Madhya Pradesh Electricity Regulatory Commission has clarified that Regulation 10 of the MPERC (Cogeneration and Generation of Electricity from Renewable […]
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