IFC to Finance 50 MW Solar Project in Sierra Leone
Sierra Leone’s Ministry of Finance has signed a $40 million agreement with the International Finance Corporation, a sister organization of the World Bank, for the development of a 50 MW ...
Deadline for Self-Certification of Solar Modules Extended Again to January 1, 2019
The Ministry of New and Renewable Energy (MNRE) has issued a notification to extend the date of self-certification of six solar products from September 20, 2018 to January 1, 2019. The ...
China’s Solar Subsidy Backlog Estimated to be Approximately $17.4 Billion
Many solar power projects in Ningxia, in the northwestern region of China, are finding it difficult to stay afloat, according to a report published by Reuters. These projects may face ...
India’s Solar Market Share Leaders for First Half of 2018 Revealed
India’s solar installations recorded in the first half (1H) of calendar year 2018 totaled almost 5 GW and the country’s total installed capacity has exceeded 25 GW. Large-scale solar installations ...
NTPC Issues Tender for 60 MW Solar and 130 MW Wind Hybrid Project in Karnataka
The National Thermal Power Corporation (NTPC) has invited bids for the development of wind-solar hybrid power project at NTPC, located in Kudgi, Karnataka. The tender is for 60 MW (minimum) ...
SolarEdge to Acquire Korean Battery Technology Company Kokam
SolarEdge Technologies, Inc. (SolarEdge), an energy technology company that develops PV inverters, has announced that it has entered into definitive agreements to acquire a major stake in Kokam Co., Ltd ...
Standard Chartered Creates Sustainable Financing Team to Increase Focus on Renewables
To propel its push into emerging markets focused on sustainable financing, Standard Chartered, an international bank listed on the London and Hong Kong Stock Exchanges as well as India’s Bombay ...
India Joins Hands with Finland for Environmental Cooperation
The Union Cabinet has approved an agreement between India and Finland on environmental corporation. The memorandum of cooperation will bring in the latest technologies and best practices that will further ...
Why the 2.4 GW Solar Auction Was Cancelled
A few weeks ago, news that the Solar Energy Corporation of India (SECI) cancelled 2.4 GW of auctioned solar capacity made the headlines. The capacity cancelled was part of the ...
Industry Sees Many Challenges with BIS Certification Guidelines for Solar Modules
The rapid pace of solar installations in India has brought the concern for quality of equipment to the forefront. Recognizing the issue at hand, the Ministry of New and Renewable ...
SECI’s Mega Solar Manufacturing Tender Gets Third Extension for Bid Submission
The Solar Energy Corporation of India (SECI) has once again extended the bid submission deadline for setting up of 10 GW of ISTS connected solar PV power projects linked with 3 GW ...
B.Grimm Power Enters PPA for a 257 MW Solar Project in Vietnam
Thailand’s B.Grimm Power has entered into a power purchase agreement (PPA) with Electricity of Vietnam (EVN) for solar projects totaling 257 MW in the country. The project is located in ...
IFC Provides €40 Million Loan to Tunisia’s Attijari Bank for Renewable Projects
The International Finance Corporation (IFC), a member of the World Bank Group, is providing a €40 million (~$46.2 million) subordinated loan to Attijari bank Tunisia, which is a private bank ...
SECI Gives Another Bid Submission Extension for 150 MW of Floating Solar in Uttar Pradesh
The Solar Energy Corporation of India (SECI) has yet again extended the bid submission deadline for setting up 150 MW (50 MW x 3) of grid connected floating solar power ...
German Solar Developer ib vogt GmbH Acquires Majority Stake in Singapore’s nv vogt
ib vogt GmbH, a Germany based integrated solar developer, has agreed to acquire the majority of shares of nv vogt Singapore Pte, another solar developer. The aim of this merger ...
Solar and Wind Power Procurement Situation is a Mess
State-run distribution companies (DISCOMs) and negligent state electricity regulatory commissions (SERCs) are creating an obstacle in the path of India’s solar story, according to a letter written by R. K ...
Coal India Partners with Neyveli Lignite Corporation to Develop 3,000 MW of Solar Projects
Coal India Limited (CIL) and Neyveli Lignite Corporation India Limited (NLCIL) have signed a Memorandum of Understanding (MoU) to form a joint venture (JV) company for solar power generation of ...
Uttar Pradesh’s 500 MW Solar Auction Sees Lowest Tariff of ₹3.17/kWh
Solar tariffs quoted by project developers have remained firmly above the ₹3 (~$0.040)/kWh mark in Uttar Pradesh. The Lowest (L1) tariff of ₹3.17 (~$0.043) was quoted in the recent solar ...
ThomasLloyd Acquires Major Stake in Solar Project Developer SolarArise India
ThomasLloyd, a global investment and advisory firm dedicated to the infrastructure sector in Asia, has announced the acquisition of a significant stake in the Delhi-based solar project developer SolarArise India ...
Greenko Group Set to Acquire Skeiron’s Renewable Assets in a $200 Million Deal
The Greenko Group has entered into a definitive purchase agreement to acquire Skeiron Green Renewables. The deal will add approximately $200 million to Greenko’s EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) in ...
IFC Issues Indonesian Rupiah Komodo Green Bond for Investment into Renewable Projects
The International Finance Corporation (IFC), a member of the World Bank Group, has issued its inaugural Indonesian Rupiah Komodo green bond. The green bond issue has attracted strong investor demand, ...
Oman Calls for Proposals for Technical Consultancy for its Third Large-Scale Solar Project
Oman is planning to develop another large-scale grid-connected solar photovoltaic (PV)project. The project is slated to have a capacity between 500 MW and 1,000 MW. The Oman Power and Water ...
Madhya Pradesh’s Rewa Ultra Mega Solar Limited Issues 1,500 MW Solar Tender
Rewa Ultra Mega Solar Limited (RUMS) has tendered a total of 1,500 MW of grid-connected solar photovoltaic (PV) projects which will be developed across three solar parks in the state ...
Decrease in Cost of Solar by 50% can Increase Solar Penetration by Eight Times: NITI Aayog
Solar penetration in India is highly cost sensitive, says a recent working paper released by the National Institute of Transforming India (NITI) Aayog. The study is based on India’s energy ...
DISCOMs Should Purchase Power from Renewable Projects under REC at ₹2.67/kWh
The Rajasthan Electricity Regulatory Commission (RERC) has released a staff paper on projects registered under renewable energy certificate (REC) mechanism in the state. The paper analyzes the issues being faced ...
