Green Climate Fund Pledges $1 Billion to Fight Climate Change in Developing Countries

India Joins Hands with Japan and France for a Sustainable Future

The Cabinet has approved a Memorandum of Understanding (MoU) between India and France in the field of energy efficiency. The MoU is a science and technology agreement, which involves knowledge ...
/ / Other, Renewable Energy
CEA Asks States to Use 5-10% Biomass Pellets for Power Generation in Thermal Plants

Maharashtra’s MSEDCL to Procure 50 MW of Biomass Power Through Reverse Auction

The Maharashtra Electricity Regulatory Commission (MERC) has approved a petition filed by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the long-term procurement of 50 MW of biomass power ...
/ / Other, Renewable Energy
PFC Issues $400 Million of Green Bonds on LSE’s International Securities Market

Namibia Announces Issuance of its First Green Bond

In a first for the country, Namibia recently announced the launch of its green bond. By doing this, Bank Windhoek, a wholly Namibian-owned commercial bank, became the first commercial bank ...
/ / Other, Renewable Energy
More Project Commissioning Delay Cases in Telangana Ruled in Favor of Project Developers

Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation

The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
/ / Finance and M&A, Other
MNRE Amends Policy for Biomass-Based Cogeneration Projects in India

MNRE Amends Policy for Biomass-Based Cogeneration Projects in India

The Ministry of New and Renewable Energy (MNRE) has amended two clauses in the policy to support the promotion of biomass-based cogeneration projects in sugar mills and other industries in ...
/ / Other, Waste to Energy
Ministry of Power Issues Revised Proposal for Amendments to the Electricity Act

EBRD to Lend $265 Million to Jordan to Develop its Grid for Renewable Energy Integration

The European Bank for Reconstruction and Development (EBRD) has said it will provide $265 million long-term loan to Jordan’s National Electric Power Company (NEPCO). The fund will be used to improve ...
/ / Other, Renewable Energy
Madhya Pradesh Clarifies Cross Subsidy Surcharge Exemption for Captive Power Projects

Madhya Pradesh Clarifies Cross Subsidy Surcharge Exemption for Captive Power Projects

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has dismissed two petitions filed by owners of bagasse-based cogeneration projects against the imposition of cross subsidy surcharge for self-consumption of power. Shri ...
/ / Other, Waste to Energy
ENGIE And STOA Form Joint-Venture to Develop Wind Projects in India

World Bank Pledges $200 Billion to Combat Climate Change

Global financial institution World Bank has pledged a corpus of $200 billion for climate action over a five-year period. The World Bank has set this corpus to meet climate targets set by ...
/ / Other, Renewable Energy
India’s Solar Installations Decline Quarter-Over-Quarter to 1.6 GW in Q2 2018

African Countries Receive Financial Assistance Against Payment Risk for Renewable Projects

The Regional Liquidity Support Facility (RLSF) has signed agreements with five African countries to provide financial assistance to their independent power producers (IPPs) against payment risks, noting that the lack of ...
/ / Other, Renewable Energy
Green Climate Fund Pledges $1 Billion to Fight Climate Change in Developing Countries

Green Bank Network to Provide $41 Billion for Green Infrastructure Projects Around the World

Green Bank Network  is expected to mobilize $41 billion in public and private capital for green infrastructure projects around the globe. Green banks are specialised financial institutions that work closely ...
/ / Other, Renewable Energy
IL&FS Offers to Sell Stakes in its Renewable Energy Assets of Solar and Wind Projects

IL&FS Offers to Sell Stakes in its Renewable Energy Assets of Solar and Wind Projects

In a major development, the Infrastructure Leasing & Financial Services Ltd (IL&FS) has announced that it is going to achieve the resolution of the IL&FS group through certain measures, including ...
/ / Other, Renewable Energy
Tata Power Distribution Company to Begin Installation of Smart Meters in Delhi

Uttar Pradesh to Soon Begin Installation of Smart Meters in Partnership with EESL

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved a petition filed by Uttar Pradesh Power Corporation Ltd. (UPPCL) regarding the rollout of smart meters in the state. The UPPCL ...
/ / Energy Efficiency, Other
Suzlon Signs Agreement with ReNew Power for Development of Wind Project in Karnataka

Tamil Nadu’s TANGEDCO Announces New Tender for 500 MW of Wind Projects

The Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has issued a tender for 500 MW of wind power projects in the state. The bid-submission deadline is December 28, 2018. TANGEDCO ...
/ / Other, Wind
Sourcing Power from Multiple Generators for Open Access not Permissible

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 ...
/ / Other, Renewable Energy
Gujarat High Court Gives Go-Ahead to GUVNL’s 500 MW Wind Auction

Abu Dhabi Fund Commits $50 Million for IRENA-Recommended Renewable Projects

The Abu Dhabi Fund for Development (ADFD) has committed $50 million for renewable energy projects that are recommended by International Renewable Energy Agency (IRENA). The ADFD and IRENA have invited ...
/ / Other, Renewable Energy
Karnataka Proposes Reduction in BESCOM’S RPO Target from 13% to 12%

EIB, SBI and YES Bank to Cooperate for Wind Energy Financing in India

The European Investment Bank (EIB) has confirmed it is going to increase its support to investment in onshore wind through the expansion of an existing lending program with the State Bank ...
/ / Other, Wind
Google Announces its Green Energy Plans in Denmark

Google Announces its Green Energy Plans in Denmark

Adding another feather to its green cap, tech giant Google has now announced that it will invest 4.5 billion Danish crowns ($690 million) in building a renewable powered data center in ...
/ / Other, Renewable Energy
RE100 Member Companies to Source 100% Electricity from Renewables By 2026: Report

RE100 Member Companies to Source 100% Electricity from Renewables By 2026: Report

According to a new report published by RE100, its member companies sourced 72 TWh of renewable power in 2017, an increase of 41 percent compared with the preceding year. RE ...
/ / Other, Renewable Energy
SECI Tenders 2 GW of ISTS-Connected Wind Projects

Suzlon Registers a Net Loss of ₹2.8 Billion in Second Quarter of FY19

Suzlon, a leading wind turbine manufacturer and renewable energy project developer, has reported a net loss of ₹2.8 billion (~$38.86 million) in the second quarter of FY19. In the first quarter of ...
/ / Other, Wind
Australia Approves 200 MW Wind-Solar Hybrid Project with Storage

Railways’ Request for Energy Credit from Captive Wind Project Rejected

The Rajasthan Electricity Regulatory Commission (RERC) has declined the plea made by the Railway Energy Management Company Limited (REMCL) seeking credit of energy generated from a captive wind power project ...
/ / Other, Wind
Off-Grid Solar Products Sales in India Totaled $36 Million in the Second Half of 2017

India was Among the Top Recipients of Electricity Financing During 2015-16: Report

India was among the top recipients of electricity financing during the year 2015-16, with two-thirds of total financing concentrated in South Asia, according to a report titled “Energizing Finance: Understanding ...
/ / Finance and M&A, Other
ADB to Provide $13 Million Grant to EESL for Promoting End Use Energy Efficiency in India

ADB to Provide $13 Million Grant to EESL for Promoting End Use Energy Efficiency in India

The Asian Development Bank (ADB) has entered a $13 million grant agreement with India’s Energy Efficiency Services (EESL). The grant will be provided by the Global Environment Facility (GEF) for the additional ...
/ / Energy Efficiency, Other
Five Indian Environmental Projects to be Showcased at Paris Peace Forum 2018

Five Indian Environmental Projects to be Showcased at Paris Peace Forum 2018

Five Indian projects have been selected to present at the Paris Peace Forum, new annual event based on the idea that international cooperation is key to tackling global challenges and ...
/ / Other, Renewable Energy
EBRD and Bank Audi to Provide $200 Million for Renewable Projects in Lebanon

EBRD and Bank Audi to Provide $200 Million for Renewable Projects in Lebanon

The European Bank for Reconstruction and Development (EBRD) has signed its first green economy financing facility (GEFF) in Lebanon. The EBRD and Bank Audi, the largest bank in Lebanon, are joining ...
/ / Other, Renewable Energy
India Imposes Restrictions on Export and Import of Biofuels

India Joins the Club for Collaboration on New and Alternate Fuels

The Indian government headed by Prime Minister Narendra Modi has ratified the membership  of Advanced Motor Fuels Technology Collaboration Programme (AMF TCP) under the International Energy Agency (IEA) on May ...
/ / Biofuel, Other