Author Archives: Shaurya Bajaj
Renewable Energy Projects Received $505 Million in Central Financial Assistance
In a question and answer session in Rajya Sabha, the Minister of Power and New and Renewable Energy, R.K Singh declared the state-wise central financial assistance (CFA) that was released ...
Agra Air Force Station Announces 1.5 MW Solar Tender to Meet 90% of its Power Needs
The Indian Air Force’s Chief Engineer in Allahabad has issued tender for a 1.5 MW solar project at the Agra Air Force Station. The project is expected to meet up ...
Coimbatore Smart City Issues Tender to Procure Energy Efficient LED Street Lights
Coimbatore Smart City has issued a tender for the replacement of existing conventional street lights by smart LED energy efficient lamps. The scope of work of this tender also includes ...
Delhi DISCOMs Find New Ways to Combat Power Theft Cases, Recover Outstanding Bills
BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have announced that they have resolved around 37,000 cases through “Lok Adalats” (an alternative dispute redressal mechanism) in association ...
Tender Announced for 2 MW of Solar Projects at IIM Trichy
The National Institute of Wind Energy (NIWE) has launched a tender to develop a 2 MW solar project at the Indian Institute of Management (IIM) in Tiruchirappalli, located in the ...
Uttar Pradesh Jal Nigam Launches a 1.8 MW Solar Tender
The Uttar Pradesh Jal Nigam (UPJN), state utility managing water supply and sewerage facilities has announced a tender to develop a 1.8 MW solar project. The rooftop/ground-mounted solar project will ...
Payment Security Mechanism for Solar Projects under VGF Program Gets ₹5 Billion Fund
The Ministry of New and Renewable Energy (MNRE) has announced the guidelines for the payment security mechanism (PSM) for projects allocated under the viability gap funding (VGF) program. This has ...
Increase in Operational Solar Capacity Takes Adani Green’s Revenue up by 4% in Q3 FY19
Adani Green Energy Limited (Adani Green), a part of Adani Group, today announced its financial performance for the nine months and third quarter ending December 31, 2018. The company announced ...
Phelan Energy Group Secures Financing for a 86 MW Solar Project in South Africa
Phelan Energy Group has announced that in December 2018, its subsidiary, Solar Capital reached financial close on its third solar project. The project, located in South Africa, has a capacity ...
Power Finance Corporation’s Acquisition of 52% Stake in REC Approved
The Competition Commission of India has announced that it has approved Power Finance Corporation’s (PFC) acquisition of 52% stake in Rural Electrification Corporation (REC). In December 2018, the acquisition received ...
EBRD to Finance a 50 MW Solar Project in Southern Kazakhstan
The European Bank for Reconstruction and Development (EBRD) has announced the financing of a 50 MW solar power project in southern Kazakhstan. The proposed financing package arranged by the EBRD ...
UAE-Based Developer Yellow Door Raises $65 Million Investment to Scale Solar Energy
Yellow Door Energy (Yellow Door), a UAE-based solar developer, has announced that it has raised $65 million in a Series A financing round to scale its investments in solar energy and energy ...
Evolution II Fund Closes $7.47 Million Investment for Solar Projects in Africa
Inspired Evolution, an Africa-focused investment advisory firm that specializes in the clean energy sector, closed a ZAR 100 million ($7.47 million) investment facility by its Evolution II Fund into Commercial ...
AfDB Approves $25 Million Renewable Energy Fund for Projects in Sub-Saharan Africa
The African Development Bank Group (AfDB) has announced an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a $250 million private equity fund that ...
Saudi Arabia Announces 1.5 GW Solar Tender
In line with the country’s National Renewable Energy Programme (NREP), Saudi Arabia’s Renewable Energy Project Development Office (REPDO), has invited expressions of interest for seven greenfield solar PV projects with ...
Germany’s KACO New Energy Sells South Korean Business to OCI Power
KACO new energy GmbH, a German solar inverter manufacturer, has announced that it has entered into an agreement with South Korean chemical and renewable energy group OCI for the sale ...
NLC India Inks Pact with TANGEDCO to Set Up 1 GW of Solar Projects in Tamil Nadu
Government-owned mining and power generating company, NLC India (NLCIL), has announced that it has signed a memorandum of understanding (MoU) with the Tamil Nadu government to develop 2,640 MW of ...
Tripura University Installs 500 kW Rooftop Solar System
Tripura University, established under the central government of India, has announced that it has installed rooftop solar systems totaling 500 kW at its premises, spread over multiple buildings at the ...
Sunseap Group Acquires Minority Stake in Australian EPC Company Todae Solar
Sunseap Group has acquired a minority stake in Todae Solar, an Australian commercial and industrial engineering, procurement and construction (EPC) solar company. According to Sunseap, a Southeast Asia-based renewable energy ...
AIIM to Invest $31 Million in Off-Grid Solar Solutions Provider BBOXX for a Minority Stake
BBOXX, an affordable clean energy solutions provider to off-grid communities in Africa, has announced that Africa Infrastructure Investment Managers (AIIM), through its AIIF3 fund, is investing $31 million for a minority stake ...
Adani Green Energy Acquires Remaining 51% Stake in Karnataka’s Kodangal Solar Parks
Adani Green Energy has announced the acquisition of a 51 percent equity share capital in Kodangal Solar Parks Private Limited (KSPPL), comprising a 20 MW solar project which was incorporated ...
Scatec Solar Closes Financing for a 47 MW Project in Malaysia
Solar project developer Scatec Solar, along with its partners has closed the financing for a 47 MW Redsol project in northwest Malaysia with a total investment of approximately $47 million ...
Rays Power Infra Raises $28 Million to Expand its Solar Business
Solar developer Rays Power Infra has announced that it has secured ₹2 billion (~$28.4 million) through hybrid debt and equity financing from lender and asset management firm DMI Finance (DMI). The company ...
Emami’s Solar Unit Demerges from its Cement Business
The Kolkata bench of the National Company Law Tribunal (NCLT) has approved the request made by Indian conglomerate Emami Group to demerge its solar power business (Emami Power) from the ...
India Announces New Energy Conservation Building Code for Residential Buildings
The Ministry of Power (MoP) has announced the ECO Niwas Samhita 2018, which is the Energy Conservation Building Code for residential buildings (ECBC-R). The implementation of this code is expected ...
