LATEST NEWS
World Bank Launches New Version of Global Wind Atlas for Onshore and Offshore Wind
The World Bank Group in partnership with the Department of Wind Energy at the Technical University of Denmark (DTU Wind Energy) has launched the Global Wind Atlas 2.3. The Global Wind Atlas ...
NABARD Inks Pact with GCF to Infuse $100 Million for the Growth of Rooftop Solar in India
The National Bank for Agriculture and Rural Development (NABARD) has signed an agreement with the Green Climate Fund (GCF) to infuse $100 million into a project designed to unlock private ...
Solar PV Deployed at CAGR of 38% from 1998 to 2015: United Nations Report
Global emissions have witnessed a mercurial rise in the recent years. In order to bridge the emissions gap, innovation in the use of existing technologies, promotion of investment in new ...
India Joins Hands with Japan and France for a Sustainable Future
The Cabinet has approved a Memorandum of Understanding (MoU) between India and France in the field of energy efficiency. The MoU is a science and technology agreement, which involves knowledge ...
Maharashtra’s MSEDCL to Procure 50 MW of Biomass Power Through Reverse Auction
The Maharashtra Electricity Regulatory Commission (MERC) has approved a petition filed by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the long-term procurement of 50 MW of biomass power ...
EDITORS' PICKS
Namibia Announces Issuance of its First Green Bond
In a first for the country, Namibia recently announced the launch of its green bond. By doing this, Bank Windhoek, a wholly Namibian-owned commercial bank, became the first commercial bank ...
Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation
The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
World Bank Helps Chart Plan to Bring Electricity Access to All Kenyans by 2022
The Kenyan government has launched a new program called Kenya National Electrification Strategy (KNES). The ambitious program has been developed in partnership with the World Bank and it aims to provide a ...
African Development Bank Approves $18 Million Loan for a 50 MW Solar Project in Kenya
The African Development Bank (AfDB) has approved a senior loan of $18.17 million for the development of 50 MW Kopere solar power project in Nandi County, Kenya. The project also ...
NTPC Extends Bid Submission Deadline for its 1.2 GW Solar Tender
The National Thermal Power Corporation (NTPC) has extended the bid submission deadline for the tender to set up 1,200 MW of interstate transmission system (ISTS)-connected solar photovoltaic (PV) projects in the ...
Tamil Nadu’s Trichy Floats Tender for 2.4 MW of Solar Projects under Smart Cities Mission
The Tiruchirappalli Smart City Limited has tendered 2.4 MW of ground-mounted solar photovoltaic (PV) projects to be developed at sewage treatment plant (STP) Panchappur, located near Madurai By-Pass road in ...
MNRE Amends Policy for Biomass-Based Cogeneration Projects in India
The Ministry of New and Renewable Energy (MNRE) has amended two clauses in the policy to support the promotion of biomass-based cogeneration projects in sugar mills and other industries in ...
EBRD to Lend $265 Million to Jordan to Develop its Grid for Renewable Energy Integration
The European Bank for Reconstruction and Development (EBRD) has said it will provide $265 million long-term loan to Jordan’s National Electric Power Company (NEPCO). The fund will be used to improve ...
Solar Tender and Auction Activity Declined in November with 1.4 GW and 61 MW Respectively
Over 1.4 GW of solar projects were tendered in the month of November, which is nearly half the capacity compared to October, according to Mercom’s India Solar Tender Tracker. This ...
After Soaring High in October, Spot Power Price Dips to ₹3.59/kWh in November 2018
In the month of November 2018, the spot power price declined to ₹3.59 ($0.05)/kWh after soaring high in the past few months. The price of ₹3.59 ($0.05)/kWh is 1 percent ...
Off-Grid Solar Solutions Provider SolarHome Raises $10 Million in Debt Financing
SolarHome, a Singapore-based Pay-As-You-Go (PAYG) off-grid solar solutions provider in southeast Asia, has raised $10 million in debt financing from a consortium of international investors, including Crowdcredit, a cross-border crowdfunding platform ...
GST Compensation for Solar Projects and Other Policy Highlights from November 2018
The month of November witnessed a series of orders in the renewable energy sector, especially from the State Electricity Regulatory Commissions (SERC). One of the important orders that made headlines ...
Madhya Pradesh Clarifies Cross Subsidy Surcharge Exemption for Captive Power Projects
The Madhya Pradesh Electricity Regulatory Commission (MPERC) has dismissed two petitions filed by owners of bagasse-based cogeneration projects against the imposition of cross subsidy surcharge for self-consumption of power. Shri ...
EBRD and Green Climate Fund to Lend $73.5 Million to Kazakhstan’s 100 MW Solar Project
The European Bank for Reconstruction and Development (EBRD) has signed an agreement with a German company, Joachim Goldbeck Holding GmbH, to develop a 100 MW solar project in the Karaganda region ...
African Development Bank Approves $220 Million Loan for a Solar Project in South Africa
The African Development Bank (AfDB) has approved a senior loan of ZAR 3 billion (~$220.3 million) to the 100 MW Redstone concentrated solar power project. The project is located in the ...
Tender Issued for 2 MW of Rooftop Solar Projects at Mumbai Monorail Stations
The Mumbai Metropolitan Region Development Authority (MMRDA) has tendered 2 MW of rooftop solar photovoltaic (PV) projects to be developed atop Mumbai monorail stations and sites. The bid-submission deadline is ...
MNRE Asks Lenders to Insist on BIS Certification of Solar Modules Rather than Tier-1 List
The Ministry of New and Renewable Energy (MNRE) has issued a memorandum concerning the importance of following BIS certification when it comes to quality of solar photovoltaic (PV) modules. According to ...
Power Sale Agreements for 302 MW of Solar Projects Approved in Maharashtra
The Maharashtra Electricity Regulatory Commission (MERC) has approved power sale agreements (PSAs) for grid-connected solar photovoltaic (PV) projects totaling 302 MW under the Mukhyamantri Saur Krishi Yojana. MERC was reviewing ...
Month in a Minute: Notable Renewable Energy and Solar News from India in November 2018
November 2018 witnessed some key announcements in the Indian renewable sector. Indian solar imports spiked considerably in the third quarter (Q3) of calendar year (CY) 2018. According to the latest ...
Winning Tariffs Hover Around ₹3.02-3.08/kWh in Uttar Pradesh’s 550 MW Solar Auction
The National Thermal Power Corporation (NTPC) emerged as the lowest (L1) bidder in the auction conducted by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for 550 MW ...
