Author Archives: Shaurya Bajaj
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 ...
New EV Charging Station Guidelines Announced
With the goal to facilitate the widespread adoption of electric vehicles (EV) in the country, the Ministry of Power (MoP) has announced guidelines and standards for the development of electric ...
Total Global Energy Storage Capacity Could Triple by 2030: IRENA
In a brief prepared for COP24, the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), the International Renewable Energy Agency (IRENA) has underscored the ...
World Bank Helps Chart Plan to Bring Electricity Access to All Kenyans by 2022
The Kenyan government has launched a new program called Kenya National Electrification Strategy (KNES). The ambitious program has been developed in partnership with the World Bank and it aims to provide a ...
Sindicatum Renewables Lists Green Bonds On London Stock Exchange
Sindicatum Renewable Energy Company Pte Ltd (Sindicatum), a developer and operator of clean energy projects in Asia, has listed its three guaranteed Indian Rupee (₹) and Philippine Peso (PHP) green ...
Solar Potential in West Africa Ranges from 8 GW to Over 20 GW by 2030: Report
The International Renewable Energy Agency (IRENA) in its report “Planning and prospects for renewable power: West Africa” has highlighted scenarios for the growth of renewables in West Africa’s power systems ...
New Guidelines for Distributed Solar Projects in Andaman & Nicobar and Lakshadweep
The Ministry of New and Renewable Energy (MNRE) has extended the implementation timeline of distributed grid-connected solar power projects in Andaman & Nicobar, and Lakshadweep islands. In order to allow ...
Philippines Government Working on Rooftop Solar Policy Proposal
The Senate of The Philippines has announced that a proposal to reduce the cost of electricity for households and businesses through the adoption of rooftop solar, is currently under scrutiny ...
European Union to Join Hands with India for the Growth of Sustainable Technologies
The European Union (EU) has issued a joint communication to the European Parliament and the Council through which the EU aims to reinforce EU-India strategic partnership, build a strong partnership ...
Nepal Begins Construction of its Landmark Power Transmission Line with Aid from EU
Nepal’s Minister of Energy recently inaugurated the ceremony to formally mark the initiation of construction of the Chilime-Trishuli transmission system in central Nepal. This project is expected to allow access ...
Oman’s PDO Awards 100 MW Solar Project to Marubeni Consortium
Petroleum Development Oman (PDO), a state owned oil producer in Oman, has announced that it has allocated a 100 MW solar project to the Marubeni Consortium, a consortium comprising the ...
Himachal Pradesh Gives Out Consent Letters to 150 Prospective Rooftop Solar Installers
In an effort to expand the reach of rooftop solar in the state, Himachal Pradesh State Electricity Regulatory Commission (HPREC) has issued a notification that allows consumers to install rooftop ...
Power Generators Can Terminate PPA if DISCOM Defaults on Payment: Committee Proposal
The Government of India constituted a High Level Empowered Committee (HLEC) on July 29, 2018 chaired by the Cabinet Secretary to address the issues of stressed thermal power projects. Country’s apex ...
NTPC Ties Up with Seven Vehicle Aggregators to Develop EV Charging Network
NTPC Limited has signed a memorandum of understanding (MoU) with a host of vehicle aggregators for the development and utilization of public charging infrastructure across the country. Seven vehicle aggregators namely: Ola, ...
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 ...
