Maharashtra Approves 200 MW of Bagasse-Based Projects
The Maharashtra Electricity Regulatory Commission (MERC) has approved Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) proposal to procure long-term bagasse-based cogeneration power through competitive bidding. This paves the way for ...
Levelized Fixed Cost for Bagasse-based Projects in Telangana to be ₹2.23/kWh
The Telangana State Electricity Regulatory Commission (TSERC) has passed an order regarding the determination of generic tariff for bagasse-based power plants in Telangana for the control period 2018-2020. The commission ...
Green Climate Fund Pledges $1 Billion to Fight Climate Change in Developing Countries
The Green Climate Fund (GCF) has approved more than $1 billion funding for new projects and programs to help mitigate climate change in developing countries. This is the world’s largest ...
Standard Chartered Creates Sustainable Financing Team to Increase Focus on Renewables
To propel its push into emerging markets focused on sustainable financing, Standard Chartered, an international bank listed on the London and Hong Kong Stock Exchanges as well as India’s Bombay ...
IFC Issues Indonesian Rupiah Komodo Green Bond for Investment into Renewable Projects
The International Finance Corporation (IFC), a member of the World Bank Group, has issued its inaugural Indonesian Rupiah Komodo green bond. The green bond issue has attracted strong investor demand, ...
World Bank to Issue US Denominated Sustainable Development Notes
Global financial institution World Bank is soon going to issue the first ever sustainable development notes linked to the new Global Sustainability Signatories Index. Per a World Bank release, “The ...
Delhi Government Announces Financial Incentives to Fight Air Pollution
The Delhi government has approved several measures to encourage the use of clean energy to fight against air pollution, reported news agency Reuters. The city government is giving financial incentives ...
India Signs MoU with IEA to Enhance Innovation for Clean Energy Transition
As a joint program under Mission Innovation, the Department of Biotechnology (DBT), India’s Ministry of Science and Technology, and the International Energy Agency (IEA) have signed a Memorandum of Understanding ...
Germany and India Sign a €200 Million Loan Agreement to Fund Renewable Projects
KfW, a leading German financial institution, has signed a €200 million (~$228.15 million) loan agreement with India’s Rural Electrification Corporation Limited (REC), a state-run power sector financer. KfW signed the ...
Government Approves Scale Up of Access to Clean Energy Program
The Government has approved the launch of "Scale Up of Access to Clean Energy" program for the period financial year (FY) 2018-19 and FY 2019-20. The program is one of ...
NITI Aayog and CII Partner for India’s Sustainable Development
NITI Aayog and the Confederation of Indian Industries (CII) have entered a partnership for the sustainable development of India. The launch of the NITI Aayog and CII partnership on sustainable ...
Helped by Higher Renewable Generation, Tata Power’s Revenues up 16% in Q1 of FY 2018-19
Tata Power’s Q1 FY19 revenue was up 16 percent at ₹71.39 billion (~$1.04 billion) compared to ₹61.66 billion (~$0.09 billion) Q1 FY18. Standalone revenue stood at ₹18.44 billion (~$0.27 billion) ...
YES Bank Launches Cleantech Accelerator to Help Start-ups
YES Bank, an Indian private sector bank, has launched a cleantech accelerator platform named ‘Yes Scale’ in association with the Ministry of New and Renewable Energy (MNRE) to help start-ups ...
Haryana Approves Petition for Power Procurement from Non-Solar Sources for RPO
The Haryana Electricity Regulatory Commission (HERC) has approved a petition for the procurement of power from green energy sources other than solar with the purpose of fulfilling the stipulated renewable ...
India and South Korea Sign Agreement for the Expansion of Renewables
The Korea Power Electric Corp. (KEPCO), a South Korean state-run utility, has signed Memorandum of Cooperation (MoC) with India’s Power Grid Corporation of India Ltd (PGCIL) for the expansion of ...
ADB to Support Climate Change Mitigation with €600 Million in Green Bonds
The Asian Development Bank (ADB) has raised €600 million (~$702.80 million) to support climate change mitigation and adaptation projects with the issue of a 7-year green bond. The bond has ...
OPIC Provides $5 Million Loan Guarantee to Grameen Impact Through IndusInd Bank
The Overseas Private Investment Corporation (OPIC), a U.S. government agency, has signed a $5 million loan guarantee with India’s IndusInd Bank. The money will support Grameen Impact, a non-bank financial ...
Canada Pension Plan to Start Issuing Green Bonds
The Canada Pension Plan Investment Board (CPPIB), a public pension fund, has announced its foray into green bonds. This would make CPPIB the first pension fund to issue green bonds, ...
India to Partner with Peru and France to Expand Renewable Energy
The Ministry of New and Renewable Energy (MNRE) has signed two agreements with the Ministry of Energy and Mining of The Republic of Peru and the National Solar Energy Institute ...
Minister of Power: India Could Install Over 225 GW of Renewables by 2022
The Minister for Power, R. K. Singh made a surprising statement today, saying that “India may cross 225 GW of installed renewable energy capacity by 2022.” Minister of Power and ...
REC to Increase Loan Disbursements to Renewable Energy Segment in the Coming Years
The Rural Electrification Corporation (REC), a public sector unit of the government of India involved in financing all segments of the power sector, plans to increase loan disbursements for the ...
Solar and Non-Solar REC Trading Witness a Spike in May 2018
May emerged as the second consecutive month in which both solar and non-solar renewable energy certificates (RECs) trading witnessed a spike. In May 2018, 914,412 solar RECs were traded. This ...
Non-Solar RECs Issued on or After April 1, 2017 to be Sold at a Floor Price of ₹1,000
Non-solar renewable energy certificates (RECs) issued on or after April 1, 2017, will be sold at a floor price of ₹1,000 (~$14.809)/REC, the Supreme Court has ruled. The court had ...
Sustainable Energy Innovation Needs to Grow at a Quicker Pace: World Economic Forum
The World Economic Forum has released a white paper titled ‘Accelerating Sustainable Energy Innovation’ that argues the pace of innovation in sustainable energy is not adequate to address the challenges ...
Karnataka High Court Stays KERC Order to Increase Wheeling Charges for Open Access
A vacation bench of the Karnataka High Court has imposed an indefinite stay on the Karnataka Electricity Regulatory Commission’s (KERC) recent order that levied 25 percent of the normal transmission ...
