LATEST NEWS
IREDA Raises $300 Million through Green Masala Bonds
The Indian Renewable Energy Development Agency (IREDA) raised $300 million (~₹19.5 billion) through the issuance of Green Masala Bonds on the Singapore Exchange (SGX). The agency issued a five-year green ...
Secunderabad Railway Station Certified as India’s First Green Railway Station
The Indian Green Building Council – Confederation of Industry (IGBC-CII) has certified Secunderabad Railway Station as India’s first Green Railway Station. The Secunderabad Railway Station has received a IGBC – ...
REIL Tenders 15 MW of Rooftop and Small Solar PV Projects for ONGC
Rajasthan Electronics and Instruments Limited (REIL), a joint venture of the Government of India and the Government of Rajasthan, has issued a tender for 15 MW of solar on behalf ...
KERC Directs State Distribution Companies to Submit Wind PPAs for Approval
The Karnataka Electricity Regulatory Commission (KERC) has directed the state distribution companies (DISCOMs), BESCOM (Bengaluru Electricity Supply Company), and HESCOM (Hubli Electricity Supply Company) to submit power purchase agreements (PPAs) ...
M-KOPA Solar Secures $80 Million in Commercial Debt Funding
M-KOPA Solar, a pay-as-you-go energy provider to off-grid homes, has secured $80 million of committed financing. The company will utilize the funds over the next three years to provide finance ...
Wartsila Enters Energy Storage Solutions Market in India
Finnish power conglomerate Wartsila, has announced its entry into the Indian energy storage market. The acquisition of Greensmith Energy Management Systems, a developer of grid-scale energy storage software and integrated ...
BEL Tenders 6 MW of Solar Projects Under the Domestic Content Category
Bharat Electronics Limited (BEL), a Government of India enterprise, tendered a total of 6 MW (AC) of solar to be developed in three different states in India under the domestic ...
Reliance Money Secures ₹3 Billion Loan from IREDA for Renewable Energy Projects
The Indian Renewable Energy Development Agency (IREDA) will provide loan to the tune of ₹3 billion (~$45.7 million) to Reliance Money, a brand by Reliance Commercial Finance Limited, a subsidiary ...
TUV Rheinland Expands in India with a €2.5 Million Solar PV Testing Facility
TUV Rheinland India has expanded its footprint in India with the opening of a €2.5 million (~₹192.6 million) facilty in Bangalore to test Solar PV and other technologies. The company ...
DuPont Interview: Demand for Reliable Materials Rising as India’s Solar Market Matures
The maturation of solar markets in China, India, and the U.S. is creating an increased demand for reliable and durable solar materials. DuPont Photovoltaic Solutions is packing its supply line ...
Larsen & Toubro Wins EESL Contract to Supply Smart Meters
Larsen & Toubro (L&T) has won contract to supply 2.5 million smart meters to Energy Efficiency Services Limited (EESL), a Joint Venture company of Public Sector Units of Ministry of ...
India Solar Auction Activity Increases in September, Tender Announcements Fall
In September 2017, solar auction activity increased in India. Compared to the 76 MW auctioned in August, 602 MW of solar were auctioned in September. Meanwhile solar tender announcements witnessed ...
IEX Launches IPO
The Indian Energy Exchange (IEX) launched its initial public offering (IPO) issuing 60,65,009 equity shares at a face value ₹10 (~$0.15) each. The IEX has priced the shares in the ...
MNRE Issues Draft Technology Development and Innovation Policy for New and Renewable Energy
With the Indian renewable sector lacking new technology development, The Ministry of New and Renewable Energy (MNRE) has issued a draft Technology Development and Innovation Policy (TDIP) for New & ...
EIB to Provide €800 Million in Funding to Indian Renewable Energy Sector
The European Investment Bank (EIB) will be providing €800 million (~₹61.3 billion) in funding for renewable energy investment across India. This includes renewable energy financing in partnership with the Indian ...
Delayed PPA Signing and Subsidy Reimbursement Not Helping the Indian Solar Sector: Interview
As the Indian sector continues to grow there are challenges everywhere but PPA renegotiation and delayed PPA signing, delay in reimbursement of subsidies are particularly troubling. Here is an excerpt ...
Non-Solar REC Trading Rises 32 Percent in September
The total number of non-solar renewable energy certificates (RECs) sold in India jumped by 32 percent in September, rising to 382,007 from just 289,505 sold during the previous month. The ...
How Low Can It Go – Solar Tariff of $0.0178/kWh Quoted in Saudi Arabia’s First Solar Auction
The low bids submitted for a 300 MW solar PV project planned for Saudi Arabia surprised everyone recently when the lowest submitted bid for the levelized cost of energy (LCOE) ...
Essel Infraprojects Commissions Solar Projects Totaling 55 MW
Essel Infraprojects, a renewable energy project developer and subsidiary of Essel Group, has commissioned solar projects totaling 55 MW. A 50 MW solar project was commissioned in Jalaun district of ...
Oorjan Cleantech Raises $450,000 in Seed Funding for Rooftop Solar in India
Oorjan Cleantech, an India-based rooftop solar solutions provider, raised $450,000 (~₹28.8 million) in online seed funding. US-based VC firm, Globevestor was the primary investor followed by group of senior directors ...
Azure Roof Power to Develop 1.3 MW of Rooftop Solar
Azure Roof Power, a wholly owned subsidiary of Azure Power, has won a bid to develop 1.3 MW of rooftop solar for the Ministry of Health and Family Welfare, India ...
Fortum and NBCC to Develop EV Charging Infrastructure Across India
Fortum, a renewable energy project developer, has signed a memorandum of understanding (MoU) with NBCC, a Government of India Navratna Enterprise, to develop electric vehicle (EV) charging infrastructure across India ...
Supreme Court Extends the Validity of Solar and Non-Solar RECs to March 31, 2018
The Supreme Court has extended the validity of solar and non-solar Renewable Energy Certificates (REC) that were due to expire between April 1, 2017, and March 31, 2018, up to ...
SECI Tenders 200 MW of Solar Under DCR Category at Neemuch-Mandsaur Solar Park
The Solar Energy Corporation of India (SECI) has tendered 200 MW (AC) of solar under the domestic content requirement (DCR) category, on behalf of Coal India Limited (CIL). The last ...
Wind Becomes Competitive with Solar as Tariff Drops to a Record Low ₹2.64/kWh
In India, wind power tariff has dropped below ₹3/kWh for the first time with the lowest winning bid of ₹2.64 (~$0.0413)/kWh quoted in the second 1 GW wind auction conducted ...