LATEST NEWS
Israel to Provide $60 Million for a 50 MW Agricultural Solar Project in Angola
Israel will help develop a 50 MW solar photovoltaic project and contribute towards the improvement of the agricultural sector in the African nation of Angola. The Israeli ambassador to Angola, ...
ACWA Power Achieves Financial Closure for its 300 MW Sakaka Solar Project in Saudi Arabia
ACWA Power, a Saudi Arabia-based firm involved in the development, construction, and operation of power generation and desalination of water plants, has announced the financial closure of the Sakaka solar project ...
Tata Power Agrees to Deploy 35 MWh of Gravity-Based Energy Storage from Energy Vault
Tata Power, an Indian power conglomerate, has announced that it will deploy a 35 MWh Energy Vault system in the next year. Energy Vault system is based on the the ...
Suzlon Registers a Net Loss of ₹2.8 Billion in Second Quarter of FY19
Suzlon, a leading wind turbine manufacturer and renewable energy project developer, has reported a net loss of ₹2.8 billion (~$38.86 million) in the second quarter of FY19, ending September. In the first ...
Railways’ Request for Energy Credit from Captive Wind Project Rejected
The Rajasthan Electricity Regulatory Commission (RERC) has declined the plea made by the Railway Energy Management Company Limited (REMCL) seeking credit of energy generated from a captive wind power project ...
EDITORS' PICKS
New Solar Projects Drive Azure Power’s Revenue Up by 22% to $30.7 Million in Q2 2019
Azure Power (NYSE: AZRE), an independent solar power producer, has announced its consolidated results for the second quarter ending September 30, 2018. Total revenue in the second quarter of FY19 ...
Meghalaya Issues Regulations for Deviation Settlement of Solar and Wind Projects
The Meghalaya State Electricity Regulatory Commission (MSERC) has issued new regulations for the forecasting, scheduling, and deviation settlement for solar and wind energy generation in the state. The commercial arrangements ...
Prism Johnson Acquires 30% Stake in Cleantech SPV to Build 22 MW of Captive Solar Projects
Prism Johnson Limited (formerly Prism Cement) has agreed to acquire up to 30 percent equity stake in a special purpose vehicle (SPV) which will be incorporated with CSE Development (India) ...
Engie Acquires 90 Percent Stake in Solar Solutions Provider Simpa Energy
ENGIE, a global independent power producer (IPP), has acquired a 90 percent stake in Simpa Energy, from its parent company Simpa Networks, a distributed energy solutions provider with pay-as-you-go pricing ...
India was Among the Top Recipients of Electricity Financing During 2015-16: Report
India was among the top recipients of electricity financing during the year 2015-16, with two-thirds of total financing concentrated in South Asia, according to a report titled “Energizing Finance: Understanding ...
Indian Company Wins Auction to Build Albania’s First Solar Project of 100 MW
Albania, a country in the Balkan peninsula, has selected a group led by India Power Corporation Ltd. to build its first solar power project, reported Reuters. The project capacity is 100 ...
ADB to Provide $13 Million Grant to EESL for Promoting End Use Energy Efficiency in India
The Asian Development Bank (ADB) has entered a $13 million grant agreement with India’s Energy Efficiency Services (EESL). The grant will be provided by the Global Environment Facility (GEF) for the additional ...
Sukhbir Agro Quotes ₹3.25/kWh to Win 10 MW Solar Auction for Noida Metro
Lowest tariff of ₹3.25 (~$0.04471)/kWh emerged as the winning bid in the auction conducted by the Delhi Metro Rail Corporation (DMRC) for 10 MW of grid-connected solar photovoltaic (PV) projects ...
HERC Approves Procurement of 300 MW of Solar Power Through Competitive Bidding
The Haryana Electricity Regulatory Commission (HERC) has issued an order approving the deviations to the terms of competitive bidding, the conditions of request for proposal (RfP) and the draft power ...
Five Indian Environmental Projects to be Showcased at Paris Peace Forum 2018
Five Indian projects have been selected to present at the Paris Peace Forum, new annual event based on the idea that international cooperation is key to tackling global challenges and ...
EBRD and Bank Audi to Provide $200 Million for Renewable Projects in Lebanon
The European Bank for Reconstruction and Development (EBRD) has signed its first green economy financing facility (GEFF) in Lebanon. The EBRD and Bank Audi, the largest bank in Lebanon, are joining ...
NTPC Floats Tender for 1.2 GW of ISTS-Connected Solar Projects
The National Thermal Power Corporation (NTPC) has tendered 1,200 MW of interstate transmission system (ISTS)-connected solar photovoltaic (PV) projects to be developed in the western region of the country. The bid-submission deadline ...
SECI Raises Upper Tariff Ceilings for Two Solar Tenders to Attract Developers
Amid lukewarm interest shown by solar project developers, the Solar Energy Corporation of India (SECI) has now decided to raise the upper tariff ceiling for two of its mega tenders which ...
India Joins the Club for Collaboration on New and Alternate Fuels
The Indian government headed by Prime Minister Narendra Modi has ratified the membership of Advanced Motor Fuels Technology Collaboration Programme (AMF TCP) under the International Energy Agency (IEA) on May ...
South Korea Plans to Build 4 GW of Solar-Wind Complex
South Korea has announced that it will build a 4 GW solar and wind energy complex on the Saemangeum reclaimed land area in Gunsan. The hybrid complex will be located ...
ADB Approves $500 Million Loan For Turkmenistan’s Power Transmission Infrastructure
The Asian Development Bank (ADB) will lend $500 million to Turkmenistan, a central Asian country, to reinforce the country’s power transmission network, improve the reliability of its power supply, and ...
APTEL Intervenes in Ongoing Solar Tariff Dispute for 970 MW of Projects in Karnataka
In Karnataka, which is also India’s top solar state, 970 MW of grid-connected solar photovoltaic (PV) projects have been embroiled in a tariff dispute. This situation arose after the procurers ...
Goa to Launch Single Window Portal for Seamless Installation of Rooftop Solar Projects
The Goa Energy Development Agency (GEDA) has prepared a user manual for an online single window clearance portal that would facilitate the seamless implementation of rooftop solar projects in the ...
In a Policy Turnaround, China Plans to Increase Solar Target Up to 270 GW by 2022
After announcing installation caps in the second quarter, China is expected to be currently evaluating the feasibility of increasing its solar installation target to 250-270 GW by 2022. China currently ...
SECI Extends Bid Submission Deadline for 10 GW Solar Tender a Fourth Time
The Solar Energy Corporation of India (SECI) has extended the bid submission deadline to set up 10 GW of ISTS connected solar PV power projects linked with 3 GW (per annum) ...
