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.” https://twitter.com/OfficeOfRKSingh/status/1003890554390773761 The comments seem ...
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 ...
MNRE’s Program to Set Up 2.5 GW ISTS-Connected Wind-Solar Hybrid Projects Approved
The Ministry of New and Renewable Energy (MNRE) has announced that the President has approved the proposed program to set up 2.5 GW of inter-state transmission system (ISTS)-connected wind and ...
ReNew Power Likely to Acquire 700 MW of Renewable Assets Across Four States
In a bid to expand its foothold in the industry, India’s leading renewable energy project developer ReNew Power, is looking at new acquisition opportunities. According to its Draft Red Herring ...
IFC Signs Mandate to Foster Uzbekistan’s Renewable Energy Expansion
The International Finance Corporation (IFC), a member of the World Bank Group, has signed a mandate with the government of Uzbekistan to increase its renewable power capacity and encourage private ...
India and France Sign MoU for Expansion of Renewable Energy
India has signed a Memorandum of Understanding (MoU) with France to cooperate in the field of renewable energy. Through the signed MoU, the two countries will work to establish a ...
MNRE Creates RPO Compliance Cell to Meet India’s Solar and Wind Energy Targets
The Ministry of New and Renewable Energy (MNRE) has created a compliance cell for renewable purchase obligations (RPOs). The cell will coordinate with states, the central electricity regulatory commission (CERC) ...
Bank of America Raises $2.25 Billion in its Largest Issue of Green Bonds
One of the world’s leading financial institutions, Bank of America, has announced a $2.25 billion green bond to support clean energy projects. In a media statement released by the bank, ...
Karnataka Imposes Wheeling Charges on Renewable Projects
The Karnataka Electricity Regulatory Commission (KERC) has issued an order fixing the wheeling, transmission charges to be levied on renewable energy projects in the state. The order has been in ...
CERC Releases Procedural Guidelines for ISTS Connectivity of Renewable Projects
The Central Electricity Regulatory Commission (CERC) has released procedural regulations for granting Inter-State Transmission System (ISTS) connectivity to renewable energy projects. This procedure is being issued in accordance with Regulation ...
MNRE Announces New Policy for Wind-Solar Hybrid Projects
The Ministry of New and Renewable Energy (MNRE) has announced the new wind solar hybrid policy which aims at providing a framework for the expansion of grid-connected wind-solar photovoltaics (PV) ...
In a Tit-For-Tat Case, WTO Sets Up Panel to Resolve India-US Renewable Energy Dispute
In response to the dispute raised by India against the renewable energy policies of eight American states, the World Trade Organization (WTO) has set up a panel to resolve the ...
Renewable Energy Industry Created 10.3 Million Jobs Globally in 2017: IRENA
The global renewable energy industry created more than 500,000 new jobs worldwide in 2017. This was a 5.3 percent increase from 2016, according to the latest figures released by the International Renewable ...
RBI’s Amended FPI Guidelines Could Restrict Investments into India’s Renewable Sector
The Reserve Bank of India (RBI) has amended the guidelines with regards to investments made in the country by foreign portfolio investors (FPI). The amended guidelines have been issued with ...
EY Report: India Slips to Fourth Position on Renewable Energy Country Attractiveness Index
India has fallen from second to fourth position on the Renewable Energy Country Attractiveness Index (RECAI) compiled by global consultancy firm EY. The report cited investor concerns as the main reason ...
Huge Interest in Solar RECs as Trading Begins Again After a Year
Trading of solar and non-solar renewable energy certificates (RECs) has started in the new trading session of April 2018. The RECs, both solar and non-solar, are being traded at the ...
TNERC Approves TANGEDCO’s Petitions to Tender 3 GW of Solar and Wind Projects
The Tamil Nadu Electricity Regulatory Commission (TNERC) has approved the two petitions filed by the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) seeking permission to go ahead with tenders of ...
India Enters Bilateral Agreements with Morocco and Guyana to Grow Renewables
India has signed two Memoranda of Understanding (MoU) with Morocco and Guyana under which the participant countries have agreed to cooperate for the expansion of renewable energy. These bilateral agreements ...
