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 ...
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 ...
