Author Archives: Shaurya Bajaj
Canadian Solar Withdraws Proposal to Go Private
Solar module manufacturer, Canadian Solar has announced that its chief executive officer Dr. Shawn Qu has withdrawn his bid to take the company private after a special committee established by ...
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 ...
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 ...
India Contributes $1 Million for Solar Project at UN Headquarters
India has contributed $1 million for the development of a solar project at the United Nations headquarters in New York. The contribution will help reduce carbon footprint and promote sustainable ...
Sri Lanka Secures $50 Million Loan Facility from ADB to Develop Rooftop Solar
The Ministry of Finance and Mass Media in Sri Lanka has announced that it has entered into an agreement with the Asian Development Bank (ADB) wherein the bank will loan ...
SBI Raises $650 Million Via Green Bonds, Announces Plans for Going Solar
The nation’s largest lender State Bank India (SBI) has raised the first tranche of $650 million through a maiden green bond offering, which is a part of its goal of ...
IFC to Continue Supporting Private Sector Investments in Europe and Central Asia
The International Finance Corporation (IFC) has announced that it has expanded its operations in Europe and Central Asia with investment commitments reaching $2.9 billion. The organization is focusing on driving ...
Phelan Energy Achieves Financial Closure For 50 MW Solar Project in Rajasthan
Phelan Energy Group has announced that it has achieved financial closure for a 50 MW solar project in Rajasthan. The construction of the solar PV project, located at Rajasthan’s Bhadla ...
Net Metering Policy Continues to be a Drag on India’s Rooftop Solar Sector
Net metering was introduced in India as a measure to make distributed renewable energy more accessible and economical for electricity consumers across the country. Net metering works by calculating the ...
Cleantech Solar Raises $50 Million From Climate Fund Managers
Cleantech Solar, a Singapore-based renewable energy project developer, has received a $50 million equity investment from Climate Fund Managers (CFM), a climate-dedicated investment manager, to support its growth in Asia ...
SECI Reduces Solar Manufacturing Tender Size From 5 GW to 3 GW
In a significant development, the Solar Energy Corporation of India (SECI) has announced that it has reduced the capacity of the manufacturing tender which was introduced by the body a ...
EBRD to Finance 100 MW Solar Project in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) has announced that it will be financing the development of a 100 MW solar project in the Zhambyl region of southern Kazakhstan ...
Karnataka Exempts Rooftop Solar Projects below 1 MW from CEIG Clearance
In a notification issued by the Karnataka Government, it has been clarified that solar rooftop installations below 1 MW are not mandated to be inspected by the electrical inspector. Previously, ...
Telangana First State to Comply with Energy Conservation and Building Code Guidelines
Telangana has become the first state to comply with the Energy Conservation and Building Code Guidelines (ECBC). Addressing the second regional workshop to implement Energy Conservation Building Code in India, ...
CEA Issues Guidelines to Authorize Chartered Electrical Safety Engineers
The Central Electricity Authority (CEA) has issued guidelines for the authorization of a Chartered Electrical Safety Engineers (CESE). The decision was made after deliberations during the second meeting held by ...
