World Bank Grants $300 Million to Promote Electricity Trade in West Africa
The World Bank announced that it would provide $300 million (~₹22.50 billion) to the International Development Associations (IDA) to accelerate reforms to promote electricity trade in West Africa. The grant ...
Deutsche Bank to End Lending for Coal Mining by 2025
The Deutsche Bank has tightened its ‘Fossil Fuels Policy,’ which provides for a stricter framework when dealing with business activities involving coal, oil, and gas. The bank is likely to ...
CERC Releases Blueprint for ISTS Connectivity of Renewable Projects
The Central Electricity Regulatory Commission (CERC) has issued a detailed procedure for granting connectivity to renewable projects to the interstate transmission system (ISTS). This procedure will apply to central transmission ...
Determining Commercial Operation Date Essential for Wheeling Agreement for Renewables
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has ordered Amplus Green Power Limited to submit generation data to the state load despatch center (SLDC) to determine the date of commercial ...
Funding and M&A Roundup: ChargePoint Secures $127M, First Solar Sells NA O&M Business
Here are some of the important funding and M&A updates of last week from the global renewable energy industry: Mumbai-based early-stage VC Unicorn India Ventures has announced its fourth investment ...
News Wrap-Up: Meyer Burger Buys SolarWorld’s Plant, BP to Build 50 GW of Renewables
Here are some noteworthy cleantech news and announcements from the around the world week: Meyer Burger, a Switzerland-based engineering company, announced that it had secured new locations to set up ...
Tamil Nadu Commission Asks DISCOM to Pay Interest Dues to Two Wind Generators
The Tamil Nadu Electricity Regulatory Commission (TNERC) has directed the Tamil Nadu Generation and Distribution Company (TANGEDCO) to make payments to two wind generators claiming interest dues against the power ...
Month in a Minute: Top Headlines from India’s Renewable Sector in July 2020
Here is a recap of some of the most important headlines from the month: The Department of Revenue under the Ministry of Finance issued a notification imposing safeguard duty on ...
India’s Corporates Have Potential to Add 25 GW of Renewable Energy by 2023: GWEC Session
The Global Wind Energy Council (GWEC) hosted a webinar to discuss the scenario and scope of adoption of renewable energy by India's corporate sector. The session 'Corporates in the Global ...
Appellate Tribunal Rules in Favor of Exit Clause Added in Amended Hydropower PPA
The Appellate Tribunal of Electricity (APTEL) has discarded the order passed by the Haryana Electricity Regulatory Commission (HERC) in which it had directed the amendment of a power purchase agreement ...
State Bank of Pakistan Expands Scope of its Financing Program to Include Renewables
To promote renewables, the State Bank of Pakistan (SBP) has expanded the scope of its renewable energy refinancing program, allowing financing under category III of the program to solar and ...
Trading of Renewable Energy Certificates Stands Postponed by Four Weeks
The Appellate Tribunal for Electricity (APTEL) has issued an order postponing the trading of renewable energy certificates (RECs) scheduled for July 29 by four weeks. If the validity of any ...
What it Takes to Ramp Up Solar Manufacturing in India
The Indian solar industry has been dependent on imported solar cells and modules since the inception of the National Solar Mission. The focus so far has been on project development ...
India’s Solar Imports Plunged by 83% in Q2 2020
Indian solar imports declined by 83% in the second quarter (Q2) of the calendar year (CY) 2020, totaling $69 million (₹5.15 billion) as compared to $399 million (₹29.7 billion) during ...
Ministry of Renewable Energy Includes NHPC in its Dispute Resolution Committee
The Ministry of New and Renewable Energy (MNRE) announced that it had added NHPC Limited under the purview of its Dispute Resolution Committee (DRC) and Dispute Resolution Mechanism (DSM). The MNRE said ...
Singapore Set to Get a New Peer-to-Peer Renewable Trading Platform
Singapore-based Senoko Energy announced that it had launched a pilot project for peer-to-peer (P2P) renewable energy trading. The project is supported by an ELECTRIFY and ENGIE Factory, the venture arm of French ...
Weekly News Wrap-Up: Canadian Solar Soon on Chinese Capital Markets, Freyr Energy Launches App
Canadian Solar Inc. announced that it has decided to list its business on Chinese Capital Markets. According to its press statement, the company said it would pursue a listing of its ...
Adani Port Becomes Part of Science-Based Targets Initiative to Reduce Emissions
Adani Ports and Special Economic Zone Limited (APSEZ) announced that it has signed up for Science-Based Targets initiative (SBTi) to set emission reduction targets across its entire value chain. The ...
India Likely to See Energy Surplus of 2.7% During 2020-21: CEA
The Central Energy Authority’s (CEA) latest Load Generation Balance Report (LGBR) showed that India is likely to have an energy surplus of 2.7% and a peak surplus of 9.1% for ...
Pharma and FMCG Companies Could Lead the C&I Market Recovery in Rooftop Solar Segment
As the economy dwindles, industries worldwide are looking frantically at cost-saving measures to keep profit margins from getting thinner. While some segments of the commercial and industrial sector witnessed a ...
Weekly Wrap-Up: Jinko Achieves New Efficiency Record, Greenko to Modernize Wind Turbines
Here are some noteworthy company announcements from the week: Qatar General Electricity and Water Corporation (KAHRAMAA) has announced the successful financial closure for the 800 MW solar project Siraj-1. According ...
CERC Announces Levelized Tariffs for Renewable Energy Sources for FY 2020-21
The Central Electricity Regulatory Commission (CERC) has issued levelized generic tariffs for renewables for the financial year (FY) 2020-21. The Commission had issued another order last month, which provided the ...
Uttar Pradesh Drafts Bidding Document for Slop-Based Renewable Power
The Uttar Pradesh Electricity Regulatory Commission (UPERC) dismissed a petition filed by the Uttar Pradesh Power Corporation Limited (UPPCL) seeking to fulfill its renewable purchase obligation (RPO) target by procuring ...
Recovery of Power Demand After Lockdown More Pronounced in India: IEA Report
Analyzing the impact of the COVID-19 pandemic and the subsequent lockdown, the International Energy Agency (IEA) has released a report on the demand for electricity during this period. According to ...
Battery Energy Storage Companies Received $536 Million in VC Funding in 1H of 2020
Global VC funding (venture capital, private equity, and corporate venture capital) for battery storage, smart grid, and efficiency companies in the first half (1H) of 2020 was down by 51% ...
