ReNew Power Acquires 103 MW of Wind Projects for over $155 Million

ReNew Power Acquires 103 MW of Wind Projects for over $155 Million

Indian renewable energy project developer ReNew Power has acquired a 100 percent stake in KCT Renewable Energy Private Limited (KCTREPL) from the Karm Chand Thapar (KCT) Group for over ₹10 ...
/ Other, Wind
Ministry of Power Issues Final Competitive Bidding Guidelines for Wind Projects

Ministry of Power Issues Final Competitive Bidding Guidelines for Wind Projects

The Ministry of Power has issued the final competitive bidding guidelines for wind projects in India. The guidelines aim to provide a framework for the cost-effective procurement of wind power ...
/ Other, Wind
PFC Issues $400 Million of Green Bonds on LSE’s International Securities Market

PFC Issues $400 Million of Green Bonds on LSE’s International Securities Market

The Power Finance Corporation (PFC), an undertaking of the government of India, made its first international bond issuance in more than two decades last week when it issued $400 million ...
/ Finance and M&A, Other
Trade of Non-Solar RECs Jumps in November As RPO Deadline Nears

Trade of Non-Solar RECs Jumps in November As RPO Deadline Nears

The trade in non-solar renewable energy certificates (RECs) witnessed a steep hike in November 2017, with a total of 2,207,622 of non-solar RECs sold. This is 353 percent higher than ...
/ Other, Renewable Energy
Wind SECI ISTS 2 GW Tender

SECI Tenders 2 GW of Inter-State Transmission System-Connected Wind Projects

The Solar Energy Corporation of India (SECI) has issued RfS for 2 GW of inter-state transmission system (ISTS)-connected wind projects. The capacity has been tendered under Tranche-III. The bid-submission deadline ...
/ Other, Wind
ADB to Provide $44.76 Million Grant to Develop 20 MW of Grid-Connected Solar in Afghanistan

ADB to Provide $44.76 Million Grant to Develop 20 MW of Grid-Connected Solar in Afghanistan

The Asian Development Bank (ADB) has agreed to provide a $44.76 million (~₹2.88 billion) grant to help develop 20 MW of grid-connected solar in Afghanistan. The grant was approved by ...
/ Finance and M&A, Other
Power Sale Agreement for 1 GW Wind signed SECI

Power Sale Agreement for 1,000 MW of Wind Projects Signed

Power Sale Agreement (PSA) for 1,000 MW of inter-state transmission system (ISTS)-connected wind projects has been signed. The Solar Energy Corporation of India (SECI) entered PSAs with distribution utilities/companies (DISCOMs) ...
/ Other, Wind
MNRE SECI Wind 2 GW ISTS Program

Breaking: To Leverage Dip in Tariff, SECI to Tender 2 GW of ISTS-Connected Wind Projects in December 2017

The Solar Energy Corporation of India (SECI) will be tendering 2,000 MW of inter-state transmission system (ISTS)-connected wind projects to be developed across the windy states in December 2017. The ...
/ Other, Wind
ABB India Results

ABB India Sees After-Tax Profits Rise by 18% in Q3 2017

Consistent cost structure improvements helped ABB India boost its after-tax profits by 18 percent year-over-year to ₹830 million (~$12.8 million) in the third quarter of 2017, despite seeing its revenue ...
/ Other, Press Releases
Suzlon Group Generated Revenue in H1 FY 2017-18

Suzlon Group Generated Revenue of ₹38.52 Billion in H1 FY 2017-18

Suzlon Group, a renewable energy solutions provider, generated revenue of ₹38.52 billion (~$587.24 million) in the first half of financial year (FY) 2017-18. The company announced pre-forex earnings before interest, ...
/ Other, Press Releases
Vestas Wind Order from Atria Power

Vestas Receives 40 MW Wind Order in Karnataka from Atria Power

Atria Brindavan Power Private Limited has placed a 40 MW order with Vestas for the second phase of the Basavane Bagewadi Wind Project in the Bijapur district of Karnataka state ...
/ Other, Wind
Gujarat High Court Gives Go-Ahead to GUVNL’s 500 MW Wind Auction

Gujarat High Court Gives Go-Ahead to GUVNL’s 500 MW Wind Auction

The Gujarat High Court has ruled in favor of Gujarat Urja Vikas Nigam limited (GUVNL) and given it the go-ahead to conduct a 500 MW wind auction. The decision comes ...
/ Other, Wind
CERC Orders PGCIL Wind’s SPVs

CERC Orders PGCIL to Grant Connectivity to Inox Wind’s SPVs in Gujarat

The Central Electricity Regulatory Commission (CERC) has ordered the Power Grid Corporation of India Limited (PGCIL) to grant connectivity to Inox Wind’s special purpose vehicles (SPVs) in Gujarat. In its ...
/ Other, Wind
EESL GEF

EESL and GEF Partner to Launch $454 Million Energy Efficiency Fund

The Energy Efficiency Services Limited (EESL) and the Global Environment Facility (GEF) have partnered to launch a $454 million project called the “Creating and Sustaining Markets for Energy Efficiency” with ...
/ Energy Efficiency, Other
KERC Order Requiring state to Approve Wind PPAs

Karnataka Government Annuls KERC Order Requiring State to Approve Wind PPAs

The Karnataka State Government has annulled a Karnataka Electricity Regulatory Commission (KERC) order requiring them to sign wind power purchase agreements (PPAs) in the state. The Karnataka State Government in ...
/ Other, Wind
SBI World Band Rooftop Solar India

SBI and World Bank Extend $357 Million Credit to 7 Indian Companies for Solar Rooftops

The State Bank of India (SBI) and the World Bank have announced ₹23.2 billion ($357 million) in credit facilities for seven Indian solar companies that will be used to develop ...
/ Finance and M&A, Rooftop
Non-Solar REC Trading on the Rise

Non-Solar REC Trading on the Rise

Trading activity in non-solar renewable energy certificates (RECs) is on the rise in India. In the October REC trading session, a total of 4,87,105 non-solar RECs were sold. This is ...
/ Other, Renewable Energy
ADB Approves Loan for Wind Project in Sri Lanka

ADB Approves $200 Million Loan for 100 MW Wind Project in Sri Lanka

The Asian Development Bank (ADB) has agreed to provide a $200 million loan with a sovereign guarantee to the Ceylon Electricity Board to develop the first 100 MW wind park ...
/ Other, Wind
GUVNL 500 MW Wind Auction

GUVNL Positive About Conducting 500 MW Wind Auction

The Gujarat Urja Vikas Nigam Limited (GUVNL) is positive about successfully conducting the 500 MW wind auction for which it had issued a tender notice in June 2017. The Gujarat ...
/ Other, Wind
Engie Enters African Off-Grid Solar Market with the Acquisition of Fenix International

Engie Enters African Off-Grid Solar Market with the Acquisition of Fenix International

French multinational energy conglomerate Engie announced that it has reached an agreement to acquire 100 percent of Fenix International, a next generation energy company that offers solar home systems (SHS) ...
/ Finance and M&A, Other
SECI Tenders Wind for Central Public-Sector Enterprises

SECI Tenders 100 MW of Wind for Central Public-Sector Enterprises

The Solar Energy Corporation of India (SECI) has issued a tender for 100 MW of interstate transmission system (ISTS) connected wind projects, and only Central Public-Sector Enterprises (CPSEs) are allowed ...
/ Other, Wind
KERC Directs State Distribution Companies to Submit Wind PPAs for Approval

KERC Directs State Distribution Companies to Submit Wind PPAs for Approval

The Karnataka Electricity Regulatory Commission (KERC) has directed the state distribution companies (DISCOMs), BESCOM (Bengaluru Electricity Supply Company), and HESCOM (Hubli Electricity Supply Company) to submit power purchase agreements (PPAs) ...
/ Other, Wind
IEX Launched IPO

IEX Launches IPO

The Indian Energy Exchange (IEX) launched its initial public offering (IPO) issuing 60,65,009 equity shares at a face value ₹10 (~$0.15) each. The IEX has priced the shares in the ...
/ Finance and M&A, Other
Wind Becomes Competitive with Solar

Wind Becomes Competitive with Solar as Tariff Drops to a Record Low ₹2.64/kWh

In India, wind power tariff has dropped below ₹3/kWh for the first time with the lowest winning bid of ₹2.64 (~$0.0413)/kWh quoted in the second 1 GW wind auction conducted ...
/ Other, Wind
Commercial and Residential Rooftop Solar Project Management Solution

ENACT Systems and Everest Industries Launch Commercial and Residential Rooftop Solar Project Management Solution in India

ENACT Systems, a developer of software platforms for solar projects, is partnering with building solutions provider Everest Industries to launch a solar project management solution in India. ENACT’s software platform ...
/ Other, Press Releases