Renewable Project Developer Greenko Receives $329 Million in Equity

Renewable Project Developer Greenko Receives $329 Million in Equity

After receiving $495 million (~₹33.92 billion) as primary equity from General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA), Greenko Energy Holdings (Greenko), has now secured another $329 million ...
/ / Finance and M&A, Other
Andhra Government Summons Wind Power Developers for Retrospective Tariff Negotiation

Andhra Government Summons Wind Power Developers for Retrospective Tariff Negotiation

Continuing with its decision to renegotiate the Power Purchase Agreements (PPAs) for wind and solar power projects signed during the former Chief Minister Chandrababu Naidu’s tenure, the present government of ...
/ / Other, Wind
Nearly 10 GW of Renewable Capacity Added to Green Energy Corridor

Nearly 10 GW of Renewable Capacity Added to Green Energy Corridor: RK Singh

The Government of India has been working for a while now to expedite the implementation of transmission infrastructure for the evacuation of power from renewable energy projects. To accelerate the ...
Sembcorp to Infuse ₹5.169 Billion in its India Arm to Push Renewable Business

Sembcorp to Infuse ₹5.169 Billion in its India Arm to Push Renewable Business

Sembcorp Industries has increased its equity stake in its India arm Sembcorp Energy India (SEIL) from 93.73% to 94.05%. The company has infused ₹5.169 billion (~$75.33 million) into SEIL to ...
/ / Finance and M&A, Other
Gujarat Asks Winners of its 1 GW Wind Auction to Match the Lowest Tariff

Gujarat Asks Winners of its 1 GW Wind Auction to Match the Lowest Tariff

Clouds of uncertainty are hovering over 1,000 MW of wind projects in Gujarat. After awarding the capacities in May 2019, the Gujarat Urja Vikas Nigam Limited (GUVNL) has now asked ...
/ / Other, Wind
India’s Economic Survey Predicts $330 Billion Investment in Renewable Sector by 2030

India’s Economic Survey Predicts $330 Billion Investment in Renewable Sector by 2030

India is among the top five countries in the world in terms of installed wind and solar capacity. According to the Economic Survey 2018-19, India ranks fourth in terms of ...
Maharashtra DISCOM to Amend EPAs for Purchase of 500 MW of Wind Power

Maharashtra DISCOM to Amend EPAs for Purchase of 500 MW of Wind Power

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has received the approval it sought from the Maharashtra Electricity Regulatory Commission (MERC) for deviations in the standard bidding document for the ...
/ / Other, Wind
UAE Signs MoU with IRENA to Introduce Renewable Energy Studies in its Education System

UAE Signs MoU with IRENA to Introduce Renewable Energy Studies in its Education System

The UAE Ministry of Education plans to introduce training initiatives around low-carbon forms of energy into its national education system. A Memorandum of Understanding (MoU) has been signed between Hussain ...
353 Million LED Bulbs Distributed Under Government’s UJALA Program

353 Million LED Bulbs Distributed Under Government’s UJALA Program

Under the government’s UJALA program, the Energy Efficiency Services Limited has distributed over 353 million LED bulbs so far. This, in turn, has resulted in an estimated energy savings of ...
India’s Renewable Industry Attracted FDI Worth $1.4 Billion in 2018-19

India’s Renewable Industry Attracted FDI Worth $1.4 Billion in 2018-19

Foreign direct investment (FDI) in India’s renewable energy sector has been gradually increasing over the past five financial years. The FDI inflow has increased significantly since the formation of Invest ...
Karnataka Extends Generic Tariff of ₹7.08_kWh for Waste to Energy Projects Until 2020

Karnataka Extends Generic Tariff of ₹7.08/kWh for Waste to Energy Projects Until 2020

In a recent order, the Karnataka Electricity Regulatory Commission (KERC) has extended the validity of the generic tariff it had set for municipal solid waste (MSW) projects in the state ...
Silk Road Fund Gets 49% Stake in Saudi Arabia’s ACWA Power

Silk Road Fund Gets 49% Stake in Saudi Arabia’s ACWA Power

Headquartered in Saudi Arabia, ACWA Power, a developer, owner, and operator of power generation and water desalination projects has signed an agreement with Silk Road Fund for a 49% stake ...
Himachal Pradesh Sets Tariff for Kinnaur’s 300 MW Hydro Project

Himachal Pradesh Sets Tariff for Kinnaur’s 300 MW Hydro Project

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has set the tariff for sale of power from BASPA II, which is a 300 MW hydropower project located on river Baspa (a tributary ...
/ / Other, Water
13 GW of Solar Projects Tendered in June as Procurement Activity Surges Post Elections

13 GW of Solar Projects Tendered in June as Procurement Activity Surges Post Elections

The month of June 2019 witnessed a big surge in tender announcements, compared to just 119 MW tendered in May 2019. Solar project auction activity also increased slightly in the ...
Power Finance Corporation Raises $300 Million Through Syndicated Loan

Power Finance Corporation Raises $300 Million Through Syndicated Loan

The Power Finance Corporation (PFC) has announced that it has raised $300 million through a three-year syndicated loan from the State Bank of India, Honk Kong and MUFG Bank, Singapore ...
Power Ministry’s 5-Year Plan Calls for Fair Share of Renewables and More Washed Coal

Power Ministry’s 5-Year Plan Calls for Fair Share of Renewables and More Washed Coal

The Ministry of Power has issued a vision document which charts the way forward for India’s power sector. The document points out the problem areas and sets the timeline for ...
China’s Keppel Land Secures $125 Million from HSBC for Sino-Singapore Tianjin Eco-City

Keppel Land China Secures $125 Million from HSBC for Sino-Singapore Tianjin Eco-City

Keppel Land China, a Singapore-based company, has secured its first green loan facility to the tune of RMB 850 million (~$125 million) from HSBC Group China for the development of ...
India’s Solar Imports Declined by 40% in Q1 2019

India’s Solar Imports Declined by 40% in Q1 2019

India’s solar imports witnessed significant decline year-over-year (YOY) in the first quarter (Q1) of the calendar year (CY) 2019, according to the latest trade data. Solar modules and cells of ...
Wind Generators in Rajasthan Face Payment Delays and Non-Renewal of PPAs

Wind Generators in Rajasthan Face Payment Delays and Non-Renewal of PPAs

The Rajasthan Vidyut Utpadan Nigam Limited (RVUNL) has not renewed the Power Purchase Agreements it had signed with wind generators, despite the Rajasthan Electricity Regulatory Commission (RERC) passing an order ...
/ / Other, Wind
Nigerian Renewable Solutions Provider Arnergy Raises $9 Million in Series A Funding

Nigerian Renewable Solutions Provider Arnergy Raises $9 Million in Series A Funding

Arnergy, a Nigerian distributed utility company, has announced raising $9 million in Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for ...
India’s Solar Sector Attracts $2.8 Billion in Investments in Q1 2019

India’s Solar Sector Attracts $2.8 Billion in Investments in Q1 2019

In the first quarter (Q1) of the calendar year (CY) 2019, the Indian solar sector received investments totaling $2.8 billion (~₹195.4 billion), according to Mercom’s Q1 2019 India Solar Market ...
India’s REC Inventory Almost Exhausted, What’s Next?

India’s REC Inventory Almost Exhausted, What’s Next?

The month of June 2019 witnessed the near exhaustion of the entire renewable energy certificate (REC) inventory on both the energy exchanges, namely the Indian Energy Exchange (IEX) and the ...
CERC Orders Trading Firm to Pay Dues for Power Procured from Bagasse-Based Project

CERC Orders Trading Firm to Pay Dues for Power Procured from Bagasse-Based Project

The Central Electricity Regulatory Commission (CERC) has issued an order providing relief to Nirani Sugars Limited in a case concerning the payment of dues amounting to ₹110.9 million (~$1.59 million) ...
/ / Other, Waste to Energy
National Load Despatch Center Asked to Review and Issue RECs to Gujarat Wind Developer

National Load Despatch Center Asked to Review and Issue RECs to Gujarat Wind Developer

The Central Electricity Regulatory Commission (CERC) has issued an order in favor of wind developer Enn Enn Corp Limited which had filed a petition against the rejection of its request ...
/ / Other, Wind
Multilateral Development Banks Allocated $43 Billion to Climate Finance in 2018

Multilateral Development Banks Allocated $43 Billion to Climate Finance in 2018

The 2018 edition of the joint report on climate finance by the world’s largest multilateral development banks (MDBs) reveals that nearly $43.1 billion was allocated to developing and emerging economies ...
/ / Finance and M&A, Other