LATEST NEWS
India To Provide $20 Million Concessional Funding to Suriname for Development of Solar
India will partner with Suriname, a South American country, for cooperation in the field of renewable energy. The President of India, Ram Nath Kovind, announced the upcoming partnership between the ...
MNRE Extends Commissioning Date of Solar Projects Affected by GST
The Ministry of New and Renewable Energy (MNRE) has issued an order extending the commissioning date (COD) of solar photovoltaic (PV) projects that were affected after the imposition of Goods ...
AfDB Approves $28 Million Loan for Off-Grid Solar in Africa’s Côte d’Ivoire
The African Development Bank (AfDB) approved a ~$27.78 million proposal to secure a loan from Société Générale de Banque in Côte d'Ivoire (SGBCI), Crédit Agricole Corporate, and Investment Bank (Crédit Agricole ...
Indian Railways to Become Net-Zero Carbon Emitter by 2030
Indian Railways is going green in a big way and plans to become a net-zero carbon emitter by 2030, according to Union Railways Minister Piyush Goyal. Goyal spoke to news ...
Infosys Sources Over 43% of its Electricity Needs From Renewable Energy
Infosys, India’s software multinational giant, recently announced that it has developed a total capacity of 46.1 MW of rooftop and ground-mounted solar projects across the country. The figures were released ...
EDITORS' PICKS
MNRE Announces 30 GW Offshore Wind Target by 2030
To give confidence to the country’s wind industry, the Ministry of New and Renewable Energy (MNRE) has now announced the medium and long-term target for offshore wind power capacity additions ...
Rooftop Solar Net Metering Only Available for Projects Under 1 MW in Maharashtra
The Maharashtra Electricity Regulatory Commission (MERC) has passed a ruling stating that the benefits of net metering are limited to rooftop solar installations of up to 1 MW. MERC was responding ...
Indian Public Sector Banks Issued More Loans to Coal than Renewables
Public sector banks in the country funded more coal projects than renewable projects in 2017, according to the latest report issued by the Center for Financial Accountability (CFA), a financial ...
Madhya Pradesh Retenders 22 MW of Grid-Connected Rooftop Solar Projects
The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has retendered 22 MW of rooftop solar PV projects to be set up under RESCO model in the state. The bid-submission deadline ...
World Bank to Provide Financial Aid to Pakistan and Madagascar for Renewable Projects
The World Bank has promised over $500 million for two renewable energy projects in Sindh, Pakistan. The projects will help in the development of an economic corridor along the Khyber ...
Lightsource BP Completes 60 MW Solar Project in India Financed by Rabobank
Lightsource BP, a global renewable energy development firm, has completed its first utility scale solar project in India. The project has been developed in Wagdari, located in the state of ...
Azure Power Reports Revenue of $118.3 Million in Fiscal Year 2018
Azure Power (NYSE: AZRE), an independent solar power producer, has announced its consolidated financial results for the fourth quarter and fiscal year ending March 31, 2018. Total revenue during its ...
Adani Green Energy Starts Trading on Bombay Stock Exchange
Domestic renewable energy project developer, Adani Green Energy, has been listed on the Bombay Stock Exchange (BSE). According to the BSE filing, effective from June 18, 2018, the equity shares ...
Solar Projects for AG Feeders to Get a 30-Year Property Tax Rebate in Maharashtra
In the state of Maharashtra, all the grid-connected solar photovoltaic (PV) projects developed under the Mukhyamantri Saur Krushi Vahini Yojana will not be required to pay property tax for a ...
SECI’s 2 GW ISTS-Connected Solar PV Tender Oversubscribed by 1.8 GW
The Solar Energy Corporation of India (SECI)’s 2 GW inter-state transmission system (ISTS)-connected grid-connected solar photovoltaic (PV) tender has been oversubscribed by 1.8 GW, highlighting the voracious appetite of developers ...
MERC Approves Tariff Proposed by MSEDCL for 500 MW of Wind Projects
The Maharashtra Electricity Regulatory Commission (MERC) has approved the tariff proposed by Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for long term procurement of 500 MW of wind power under ...
MNRE Issues Benchmark Cost for Off-Grid Solar Systems and Distributed Solar Generation
The Ministry of New and Renewable Energy (MNRE) has notified the new benchmark cost for off-grid solar photovoltaic (PV) systems and rooftop solar projects for the financial year (FY) 2018-19 ...
Fortum Wins 110 MW of Solar and 823 MW of Wind Projects in Russian CSA Auction
Fortum Corporation, a Finnish energy company, has won a Russian Capacity Supply Agreement (CSA) auction to develop 110 MW of solar capacity. The solar power project is set to be ...
Ministry of Power Sets Solar RPO for FY 2019-20 at 7.25 Percent
The Ministry for Power, Government of India, has set solar renewable purchase obligation (RPO) for financial year (FY) 2019-2020 at 7.25 percent. The non-solar RPO for FY 2019-2020 has been ...
Fourth Partner Energy Raises $70 Million from TPG Growth’s Rise Fund
Fourth Partner Energy, a distributed energy management company, raised a $70 million investment from The Rise Fund, a global impact investment fund managed by TPG Growth. Investec acted as the ...
SECI Extends Bid-Submission Deadline for 750 MW Solar Tender
The Solar Energy Corporation of India (SECI) has extended the bid-submission deadline for the 750 MW of grid-connected solar photovoltaic (PV) capacity it had tendered in January 2018. The capacity ...
SoftBank to Invest $60-100 Billion in India’s Solar Industry
SoftBank Group, a Japanese telecom giant-turned-tech investor, plans to invest $60 to $100 billion in Indian solar projects, according to Japanese public broadcaster NHK. Prime Minister Narendra Modi-led administration has ...
EV Adoption Could Generate $11 Billion for DISCOMs: ASSOCHAM-EY
Distribution companies (DISCOMs) in India are likely to witness to a windfall once mass adoption of electric vehicles (EVs) begins across the country, predicted a new study titled, Electrifying India: ...
CEL Invites EoI for Setting Up Solar Module and Cell Manufacturing Units
The Central Electronics Limited (CEL), a public sector enterprise of the government of India, has invited expression of interest (EoI) from interested parties to set up manufacturing facility in the ...
NLC India Announces its Foray into Power Trading Business
In a bid to diversify its portfolio, the state-owned Neyveli Lignite Corporation India Limited (NLCIL), has announced its foray into power trading business. In a statement issued by the company, ...
