MNRE to Spend $10 Million to Foster Clean Energy Awareness

MNRE to Spend $10 Million to Foster Clean Energy Awareness

The Ministry of New and Renewable Energy (MNRE) is planning to spend ₹660 million (~$10.3 million) over the next two financial years on increasing renewable energy awareness in India. “The ...
/ Markets & Policy, Solar
Solar PV is the Solution as 40% of India’s Thermal Plants are Threatened by Water Scarcity

Solar PV is the Solution as 40% of India’s Thermal Plants Threatened by Water Scarcity

Water scarcity is an issue of increasing concern for India’s thermal power plants, according to a new report by World Resources Institute (WRI). Researchers found that about 40 percent of ...
/ Markets & Policy, Solar
Arbitration in India-US Solar DCR Case May Extend Beyond 60 Days

Arbitration in India-US Solar DCR Case May Extend Beyond 60 Days

The ongoing trade rift between India and the United States over the solar Domestic Content Requirement (DCR) category has been referred to arbitration, but the complexity of the case suggests ...
/ Markets & Policy, Solar
KREDL to Penalize Delays, Amends Guidelines for 860 MW Solar PV Tender

KREDL to Penalize Delays, Amends Guidelines for 860 MW Solar PV Tender

Karnataka Renewable Energy Development Limited (KREDL) has amended the regulations for 860 MW of grid-connected solar photovoltaic (PV) projects that were tendered in December 2017 for 43 taluks in the ...
/ Markets & Policy, Solar
Growth of Jharkhand’s Solar Sector Hobbled by State Inaction

Growth of Jharkhand’s Solar Sector Hobbled by State Inaction

The progress of Jharkhand’s solar sector is being severely hobbled by inaction and delays on the part of the state’s implementing and nodal agencies. The issue is apparent in the ...
/ Solar, Utility Scale
Modules can be Sourced from Anywhere for Operation and Maintenance of DCR Category Solar Projects

Modules can be Sourced from Anywhere for Operation and Maintenance of DCR Solar Projects

The Ministry of New and Renewable Energy (MNRE) has issued an advisory regarding the procurement of modules for the operation and maintenance (O&M) of the desired Capacity Utilization Factor (CUF) ...
/ Markets & Policy, Solar
Solar Was the Top Source of New Power Capacity Addition in 2017

Solar Was the Top Source of New Power Capacity Addition in 2017 For the First Time in India

Solar was the leading source of new power capacity additions in the calendar year 2017 with installed capacity of approximately 9.5 GW accounting for 45 percent of total power capacity ...
/ Markets & Policy, Solar
Cost of Generating Renewable Energy Will Continue to Fall Says IRENA

Cost of Generating Renewable Energy Will Continue to Fall, Says IRENA

The cost of electricity generated by new renewable power projects once again declined for projects commissioned during 2017, continuing a trend that has been underway for years. These findings were ...
/ Energy Efficiency, Other
Vector Green Completes Refinancing of Two Solar Projects in Telangana

Vector Green Completes Refinancing of Two Solar Projects in Telangana

Vector Green Energy has completed the refinancing of two solar projects with 223 MW of combined capacity in Telangana. The refinancing was initially sought after the company acquired the projects ...
/ Finance and M&A, Solar
Saudi Arabia to Tender Over 3 GW of Solar and 800 MW of Wind

Saudi Arabia to Tender Over 3 GW of Solar and 800 MW of Wind

The Kingdom of Saudi Arabia will soon tender over 3 GW of grid-connected solar photovoltaic (PV) and 800 MW of wind projects to meet its increasing energy demands. The development ...
/ Solar, Tenders & Auctions
YES Bank to Finance Solar Projects Worth $5 Billion by 2030

YES Bank to Finance Solar Projects Worth $5 Billion by 2030

YES Bank, an Indian private sector bank, is planning to mobilize up to $1 billion (~₹64 billion) to finance  solar photovoltaic (PV) projects in the country by 2023 and $5 billion ...
/ Markets & Policy, Solar
Government Announces $350 Million Solar Development Fund for Project Financing

Government Announces $350 Million Solar Development Fund for Project Financing

The government has announced the setting up of a whopping $350 million (~₹22.4 billion) solar development fund to enable financing of solar projects in the country. The announcement was made ...
/ Finance and M&A, Solar
IFC Announces Financial Package for Jordan’s Biggest Solar PV Project

IFC Announces Financial Package of $188 million for Jordan’s Largest Solar PV Project

The International Finance Corporation (IFC), a member of the World Bank Group, has arranged a financial package of up to $188 million for the development of a 248 MW solar ...
/ Finance and M&A, Solar
IFC to Invest $150 Million in Aditya Birla Finance

IFC to Invest $150 Million in Aditya Birla Finance

The International Finance Corporation (IFC), a member of the World Bank Group, plans to invest $150 million in Aditya Birla Finance Limited (ABFL). The loan amount would be utilized by ...
/ Finance and M&A, Solar
Husk Power Systems Receives $20 Million Investment to Expand Mini-Grid Projects in Asia and Africa

Husk Power Systems Receives $20 Million to Expand Mini-Grid Projects in Asia and Africa

Husk Power Systems, a renewable utility company working towards rural electrification, has received an equity investment worth $20 million to expand the renewable mini-grid business in Africa and Asia. Husk ...
/ Off-grid, Solar
Oman’s PDO Tenders 100 MW Grid-Connected Solar PV Project in Amin

Oman’s PDO Tenders 100 MW Grid-Connected Solar PV Project in Amin

The Petroleum Development Oman (PDO), an oil and gas production company, has tendered a 100 MW grid-connected solar photovoltaic (PV) project to be developed in Amin. The bid-submission deadline is ...
/ Solar, Tenders & Auctions
Abu Dhabi Fund Provides $25 Million Loan for Solar Projects in Mauritius and Rwanda

Abu Dhabi Fund Provides $25 Million Loan for Solar Projects in Mauritius and Rwanda

The Abu Dhabi Fund for Development (ADFD) will provide a concessional loan worth $25 million for the development of two solar photovoltaic (PV) projects in Mauritius and Rwanda. Both the ...
/ Finance and M&A, Solar
Azure Power Commissions 100 MW Grid-Connected Solar Project in Telangana

Azure Power Commissions 100 MW Grid-Connected Solar Project in Telangana

Azure Power, an independent solar power producer, commissioned a 100 MW grid-connected solar photovoltaic (PV) project in Telangana. The 100 MW grid-connected solar PV project is spread over an area ...
/ Solar, Utility Scale
MIGA to Provide $102.6 Million for Six Solar Projects in Egypt

MIGA to Provide $102.6 Million for Six Solar Projects in Egypt

Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, has decided to provide guarantee of up to $102.6 million in support of the construction, operation, and maintenance of six ...
/ Finance and M&A, Solar
India’s Energy Storage Industry Buoyant Despite Recent Tender Cancellations

India’s Energy Storage Industry Buoyant Despite Recent Tender Cancellations

India is on the cusp of a revolution in energy storage, according to key industry players. This was the sentiment at the well-attended 5th Energy Storage India Conference held in ...
/ Energy Storage, Market & Policy
KERC Plans to Raise Wheeling Charges for Solar and Wind in Karnataka

KERC Plans to Raise Wheeling Charges for Solar and Wind in Karnataka

The Karnataka Electricity Regulatory Commission (KERC) has released a discussion paper that calls for increasing the wheeling and banking charges for solar, wind and other renewable energy projects developed under ...
/ Markets & Policy, Solar
MNRE Has Released Funds for Solar Cities Program

MNRE Has Released ₹259.2 Million (~$4.07 Million) in Funds for Solar Cities Program

The solar cities program is being implemented in 60 cities across 26 Indian states The Ministry of New and Renewable Energy (MNRE) has released ₹259.2 million (~$4.07 million) as funds ...
/ Rooftop, Solar
Grid Infrastructure in India Needs to Scale Rapidly to Keep up with Solar and Wind Tenders

Grid Infrastructure in India Needs to Scale Rapidly to Keep up with Solar and Wind Tenders

Solar and wind tender activity has surged in recent weeks following a long pause, but the sudden surge in planned renewable capacity has many in the industry wondering if India’s ...
/ Markets & Policy, Solar
ISA Invites Proposals from Member Countries to Develop Pilot Rooftop Solar Projects

ISA Invites Proposals from Member Countries to Develop Pilot Rooftop Solar Projects

The International Solar Alliance (ISA) has invited proposals from the governmental organizations of its member countries to develop rooftop solar projects at select buildings in their respective countries. These rooftop ...
/ Rooftop, Solar
ReNew Power Raises $352 Million

ReNew Power Raises $352 Million to Pursue Expansion Plans

Indian renewable energy project developer ReNew Power has raised ₹22.35 billion (~$352 million) to be used for its expansion and loan-payment plans. Confirming the development, a source at ReNew Power told ...
/ Finance and M&A, Solar