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IREDA Green Masala Bonds

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 ...
/ Finance and M&A, Solar
Secunderabad First Green Railway Station

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 – ...
/ Commercial, Solar
REIL Tenders 15 MW of Rooftop and Small Solar PV Projects for ONGC

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 ...
/ Solar, Tenders & Auctions
KERC Directs State Distribution Companies to Submit Wind PPAs for Approval

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) ...
/ Other, Wind
M-KOPA Solar Secures in Commercial Debt Funding

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 ...
/ Finance and M&A, Solar
Wartsila Enters Energy Storage Solutions Market

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 Solar Projects Under the Domestic Content Category

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 ...
/ Solar, Tenders & Auctions
Reliance Money Secures Loan from IREDA for Renewable Energy Projects

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 ...
/ Finance and M&A, Solar
TUV Rheinland Expands in India

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 ...
/ Markets & Policy, Solar
DuPont Interview

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 ...
/ Markets & Policy, Solar
L&T Wins EESL Contract to Supply Smart Meters

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 ...
/ Grid, Smart Grid
India Solar Auction Activity in September

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 ...
/ Solar, Tenders & Auctions
IEX Launched IPO

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 ...
/ Finance and M&A, Other
MNRE Issues Draft Technology

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 & ...
/ Markets & Policy, Solar
EIB to Provide Funding to Indian Renewable Energy Sector

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 ...
/ Finance and M&A, Solar
Delayed PPA Signing and Subsidy Reimbursement

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 ...
/ Markets & Policy, Solar
Non-Solar REC Trading

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 ...
/ Markets & Policy, Solar
Saudi Arabia’s First Solar Auction

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) ...
/ Solar, Tenders & Auctions
Essel Infraprojects Commissions Solar Projects

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 ...
/ Solar, Utility Scale
Oorjan Cleantech Raises Seed Funding

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 ...
/ Finance and M&A, Solar
Azure Roof Power Rooftop Solar

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 ...
/ Solar, Tenders & Auctions
EV Charging Infrastructure Across 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 ...
/ Electric Vehicles, Grid
Supreme Court

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 ...
/ Markets & Policy, Solar
Neemuch-Mandsaur Solar Park

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 ...
/ Solar, Tenders & Auctions
Wind Becomes Competitive with Solar

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 ...
/ Other, Wind