News Highlights from India’s Renewable Sector in January 2020
The beginning of the year 2020 witnessed some exciting developments in the renewable energy sector. There were several major company and government updates in January. Here is a recap of ...
NTPC Raises $750 Million Syndicated Loan to Reduce Emissions from Power Projects
The National Thermal Power Corporation (NTPC) announced that it had raised a syndicated loan worth $750 million (~₹53.5 billion) in Japanese Yen to fund capital expenditure for the installation of ...
POSOCO to Examine Renewable Energy Curtailment Issue in Andhra Pradesh
The Andhra Pradesh High Court at Amaravati has asked the Power System Operation Limited (POSOCO) to look into the reasons behind the curtailment of renewable power in the state. The ...
Rajasthan Electronics Seeks to Empanel Agencies for Setting Up EV Charging Stations
The Rajasthan Electronics and Instruments Limited (REIL), a public-sector enterprise operating in the electronics, information technology, and renewable energy segment, has floated an expression of interest (EoI) to empanel agencies ...
Robotic Cleaning of Solar Modules Gaining Traction in India Amid Water Scarcity
Water is a scarce commodity in a country of nearly 1.4 billion people, and the use of water in energy generation is a big concern. The rise of solar and ...
Economic Survey 2020: India on Track to Meet its Renewable Target
The Ministry of Finance’s Economic Survey for 2020 highlighted the government’s efforts to push for renewable energy and fight climate change in 2019. It, however, did not make any comments ...
Budget 2020 Allocates ₹220 Billion to Power & Renewable Energy Sector, Empowers Consumers
Amid the ongoing economic slowdown, the Union Budget 2020-21 has tried to instill hope in the investors and taxpayers. The Finance Minister Nirmala Sitharaman presented the Union Budget 2020-21 in ...
MNRE Releases List of Technically Qualified Organizations for Biogas Study
The Ministry of New and Renewable Energy (MNRE) has released a list of technically qualified organizations for independent third-party evaluation study for the New National Biogas and Organic Manure Program ...
Yellow Door to Help APICORP Install Solar and Energy-Efficient Technologies in Saudi Arabia
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed two agreements with Yellow Door Energy to install a rooftop solar system at APICORP’s headquarters in Dammam ...
Change in Legal Status Calls for Fresh Registration for Renewable Energy Certificates
The Central Electricity Regulatory Commission (CERC) has dismissed the plea of Weizmann Limited and Karma Energy Limited with regards to issuing renewable energy certificates (RECs). The Commission observed that the ...
AfDB Sponsored Off-Grid Energy Access Fund Successfully Raises $59 Million
The African Development Bank (AfDB) recently announced that the Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) reached its final equity close target of $59 million (~₹4.17 billion) ...
What the Indian Solar Industry Wants from Budget 2020
On February 1st, the NDA government will present its 2020 budget. Considering the present state of the economy and the renewable industry, the upcoming budget can be a great opportunity ...
India May Experience a Net-Negative Agricultural Impact from Climate Change: Report
The McKinsey Global Institute (MGI) has released a report titled “Climate Risk and Response,” which focuses on understanding the nature and extent of physical risk from climate change over the ...
Uttar Pradesh Reviews Regulations for Captive Renewable Projects
The Uttar Pradesh Energy Regulatory Commission (UPERC) has reviewed its regulations for captive and renewable energy generating projects (CRE Regulations, 2019) in response to a petition from the Uttar Pradesh ...
Madhya Pradesh: No Banking Facility for DISCOM Registered Captive Renewable Projects
Madhya Pradesh Electricity Regulatory Commission (MPERC) has amended regulations for co-generation and generation of electricity from renewable energy sources. This is its eighth amendment to the regulations issued in 2010 ...
Jharkhand Issues New Regulations for Renewable Purchase Obligation
The Jharkhand Electricity Regulatory Commission (JSERC) has come up with regulations for Renewable Purchase Obligation (RPO) for obligated entities within the state. The earlier regulations are set to expire in ...
IFC Announces $212.5 Million Loan to Vietnam Bank to Boost Lending for Renewables
The International Finance Corporation (IFC), a member of the World Bank Group, has announced that it would provide a loan to the Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) ...
Privatizing DISCOMs the Way Out of their Financial Mess
The Indian power sector has been reeling under enormous financial pressure over the last few decades. Distribution companies (DISCOMs), a crucial part of the power sector, have been at the ...
New Method Could Produce Ethanol From Plant Waste at a Low Cost
A new process that could significantly reduce the cost of producing biofuels like ethanol from plant waste has been discovered by researchers at Rutgers University in New Brunswick, New Jersey ...
EESL Issues RfP for Partners in UAE to Execute Energy Efficiency and Renewable Solutions
The Energy Efficiency Services Limited (EESL) has invited bids for the selection of strategic partners in the UAE. The main objective of the request for proposal (RfP) is to promote ...
New Renewable Energy Platform O2 Power to Build 4 GW of Solar and Wind Projects in India
Swedish private equity company EQT Infrastructure and Singapore-based holdings company Temasek have announced the launch of O2 Power, their renewable energy platform in India. According to a press statement from ...
MERC Extends Commissioning Timeline for a Wind Project After Land Acquisition Delay
The Maharashtra Electricity Commission (MERC) has asked the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to extend the financial closure and scheduled commissioning dates of a wind project. The project ...
Abu Dhabi Fund Extends $105 Million for 8 IRENA Recommended Renewable Projects
The Abu Dhabi Fund for Development (ADFD) has approved about $105 million (~₹7.42 billion) for the development of eight renewable energy projects under the seventh cycle of its partnership with ...
India’s Power Sector Shifting to Short-term Contracts and Spot Markets – Report
India’s power sector is currently in a transitional phase, shifting from long-term generation contracts to a greater reliance on short-term contracts and electricity spot markets. In this transition, policymakers and ...
Venture Capital Funding for Battery Energy Storage Companies Rises by 103% in 2019
In 2019, global VC funding (venture capital, private equity, and corporate venture capital) for battery storage, smart grid, and efficiency companies totaled $2.3 billion compared to $2.8 billion raised in ...
