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Vector Green Completes Refinancing of Two Solar Projects in Telangana

Vector Green Completes Refinancing of Two Solar Projects in Telangana

Vector Green Energy has completed the refinancing of two solar projects with 223 MW of combined capacity in Telangana. The refinancing was initially sought after the company acquired the projects ...
/ Finance and M&A, Solar
Saudi Arabia to Tender Over 3 GW of Solar and 800 MW of Wind

Saudi Arabia to Tender Over 3 GW of Solar and 800 MW of Wind

The Kingdom of Saudi Arabia will soon tender over 3 GW of grid-connected solar photovoltaic (PV) and 800 MW of wind projects to meet its increasing energy demands. The development ...
/ Solar, Tenders & Auctions
YES Bank to Finance Solar Projects Worth $5 Billion by 2030

YES Bank to Finance Solar Projects Worth $5 Billion by 2030

YES Bank, an Indian private sector bank, is planning to mobilize up to $1 billion (~₹64 billion) to finance  solar photovoltaic (PV) projects in the country by 2023 and $5 billion ...
/ Markets & Policy, Solar
Government Announces $350 Million Solar Development Fund for Project Financing

Government Announces $350 Million Solar Development Fund for Project Financing

The government has announced the setting up of a whopping $350 million (~₹22.4 billion) solar development fund to enable financing of solar projects in the country. The announcement was made ...
/ Finance and M&A, Solar
IFC Announces Financial Package for Jordan’s Biggest Solar PV Project

IFC Announces Financial Package of $188 million for Jordan’s Largest Solar PV Project

The International Finance Corporation (IFC), a member of the World Bank Group, has arranged a financial package of up to $188 million for the development of a 248 MW solar ...
/ Finance and M&A, Solar

EDITORS' PICKS

IFC to Invest $150 Million in Aditya Birla Finance

IFC to Invest $150 Million in Aditya Birla Finance

The International Finance Corporation (IFC), a member of the World Bank Group, plans to invest $150 million in Aditya Birla Finance Limited (ABFL). The loan amount would be utilized by ...
/ Finance and M&A, Solar
Husk Power Systems Receives $20 Million Investment to Expand Mini-Grid Projects in Asia and Africa

Husk Power Systems Receives $20 Million to Expand Mini-Grid Projects in Asia and Africa

Husk Power Systems, a renewable utility company working towards rural electrification, has received an equity investment worth $20 million to expand the renewable mini-grid business in Africa and Asia. Husk ...
/ Off-grid, Solar
Oman’s PDO Tenders 100 MW Grid-Connected Solar PV Project in Amin

Oman’s PDO Tenders 100 MW Grid-Connected Solar PV Project in Amin

The Petroleum Development Oman (PDO), an oil and gas production company, has tendered a 100 MW grid-connected solar photovoltaic (PV) project to be developed in Amin. The bid-submission deadline is ...
/ Solar, Tenders & Auctions
Abu Dhabi Fund Provides $25 Million Loan for Solar Projects in Mauritius and Rwanda

Abu Dhabi Fund Provides $25 Million Loan for Solar Projects in Mauritius and Rwanda

The Abu Dhabi Fund for Development (ADFD) will provide a concessional loan worth $25 million for the development of two solar photovoltaic (PV) projects in Mauritius and Rwanda. Both the ...
/ Finance and M&A, Solar
Azure Power Commissions 100 MW Grid-Connected Solar Project in Telangana

Azure Power Commissions 100 MW Grid-Connected Solar Project in Telangana

Azure Power, an independent solar power producer, commissioned a 100 MW grid-connected solar photovoltaic (PV) project in Telangana. The 100 MW grid-connected solar PV project is spread over an area ...
/ Solar, Utility Scale
MIGA to Provide $102.6 Million for Six Solar Projects in Egypt

MIGA to Provide $102.6 Million for Six Solar Projects in Egypt

Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, has decided to provide guarantee of up to $102.6 million in support of the construction, operation, and maintenance of six ...
/ Finance and M&A, Solar
India’s Energy Storage Industry Buoyant Despite Recent Tender Cancellations

India’s Energy Storage Industry Buoyant Despite Recent Tender Cancellations

India is on the cusp of a revolution in energy storage, according to key industry players. This was the sentiment at the well-attended 5th Energy Storage India Conference held in ...
KERC Plans to Raise Wheeling Charges for Solar and Wind in Karnataka

KERC Plans to Raise Wheeling Charges for Solar and Wind in Karnataka

The Karnataka Electricity Regulatory Commission (KERC) has released a discussion paper that calls for increasing the wheeling and banking charges for solar, wind and other renewable energy projects developed under ...
/ Markets & Policy, Solar
MNRE Has Released Funds for Solar Cities Program

MNRE Has Released ₹259.2 Million (~$4.07 Million) in Funds for Solar Cities Program

The solar cities program is being implemented in 60 cities across 26 Indian states The Ministry of New and Renewable Energy (MNRE) has released ₹259.2 million (~$4.07 million) as funds ...
/ Rooftop, Solar
Grid Infrastructure in India Needs to Scale Rapidly to Keep up with Solar and Wind Tenders

Grid Infrastructure in India Needs to Scale Rapidly to Keep up with Solar and Wind Tenders

Solar and wind tender activity has surged in recent weeks following a long pause, but the sudden surge in planned renewable capacity has many in the industry wondering if India’s ...
/ Markets & Policy, Solar
ISA Invites Proposals from Member Countries to Develop Pilot Rooftop Solar Projects

ISA Invites Proposals from Member Countries to Develop Pilot Rooftop Solar Projects

The International Solar Alliance (ISA) has invited proposals from the governmental organizations of its member countries to develop rooftop solar projects at select buildings in their respective countries. These rooftop ...
/ Rooftop, Solar
ReNew Power Raises $352 Million

ReNew Power Raises $352 Million to Pursue Expansion Plans

Indian renewable energy project developer ReNew Power has raised ₹22.35 billion (~$352 million) to be used for its expansion and loan-payment plans. Confirming the development, a source at ReNew Power told ...
/ Finance and M&A, Solar
IFC to Invest $150 Million in Aditya Birla Finance

Orb Energy Raises $15 Million from FMO and OPIC

The solar firm Orb Energy has raised over $15 million (~₹954 million) in equity and debt to expand its in-house finance facility of rooftop solar projects for Small- and Medium-sized ...
/ Finance and M&A, Solar
IFC to Loan $50 Million to Mahindra Renewables

IFC to Loan $50 Million to Mahindra Renewables

The International Finance Corporation (IFC), a member of the World Bank Group, will provide $50 million (~₹3.2 billion) as senior or IFC-A loan to Mahindra Renewables Private Ltd. (MRPL). MRPL, ...
/ Finance and M&A, Solar
Tata Power Sets Up Additional EV Charging Stations in Mumbai

Tata Power Sets Up Additional EV Charging Stations in Mumbai

Tata Power has announced new additions to its strategic network of electric vehicle (EV) charging stations in India’s financial capital of Mumbai. The domestic integrated power company is developing two ...
India Rejects U.S. Claims in DCR Case at WTO

India Rejects US Claims in DCR Trade Case at the WTO

The back and forth between India and the U.S. regarding the protectionist Domestic Content Requirement (DCR) program continues. A month after the U.S. argued that India did not abide by ...
/ Markets & Policy, Solar
NTPC Annuls 250 MW DCR Auction

NTPC Annuls 250 MW DCR Auction

The National Thermal Power Corporation (NTPC) has annulled a 250 MW Domestic Content Requirement (DCR) category auction, which was held in October 2017. A senior NTPC official confirmed the annulment ...
/ Solar, Utility Scale
Delhi's BSES Launches Solar City Initiative to Boost Rooftop Installations

Delhi’s BSES Launches Solar City Initiative to Boost Rooftop Installations

In line with the union government’s endeavor to expand the use of green energy, Delhi’s major distribution company (DISCOM), BSES Rajdhani Power Ltd (BRPL), has launched an initiative called Solar ...
/ Rooftop, Solar
NREDCAP Issues Tender for 5,000 Solar-Powered Water Pumps in Andhra Pradesh

NREDCAP Issues Tender for 5,000 Solar-Powered Water Pumps in Andhra Pradesh

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has issued a tender to procure and set up 5,000 solar-powered water pumps in the state as part of ...
/ Solar, Tenders & Auctions
70% Provisional Safeguard Duty on Imported Solar Cells

Directorate General Recommends 70% Provisional Safeguard Duty on Imported Solar Cells

In a preliminary finding, the Directorate General of Safeguards Customs and Central Excise has recommended a 70 percent safeguard duty on solar cells imported from China and Malaysia for a ...
/ Markets & Policy, Solar