India Joins Hands with Japan and France for a Sustainable Future
The Cabinet has approved a Memorandum of Understanding (MoU) between India and France in the field of energy efficiency. The MoU is a science and technology agreement, which involves knowledge ...
Maharashtra’s MSEDCL to Procure 50 MW of Biomass Power Through Reverse Auction
The Maharashtra Electricity Regulatory Commission (MERC) has approved a petition filed by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the long-term procurement of 50 MW of biomass power ...
Namibia Announces Issuance of its First Green Bond
In a first for the country, Namibia recently announced the launch of its green bond. By doing this, Bank Windhoek, a wholly Namibian-owned commercial bank, became the first commercial bank ...
EBRD to Lend $265 Million to Jordan to Develop its Grid for Renewable Energy Integration
The European Bank for Reconstruction and Development (EBRD) has said it will provide $265 million long-term loan to Jordan’s National Electric Power Company (NEPCO). The fund will be used to improve ...
World Bank Pledges $200 Billion to Combat Climate Change
Global financial institution World Bank has pledged a corpus of $200 billion for climate action over a five-year period. The World Bank has set this corpus to meet climate targets set by ...
African Countries Receive Financial Assistance Against Payment Risk for Renewable Projects
The Regional Liquidity Support Facility (RLSF) has signed agreements with five African countries to provide financial assistance to their independent power producers (IPPs) against payment risks, noting that the lack of ...
Green Bank Network to Provide $41 Billion for Green Infrastructure Projects Around the World
Green Bank Network is expected to mobilize $41 billion in public and private capital for green infrastructure projects around the globe. Green banks are specialised financial institutions that work closely ...
IL&FS Offers to Sell Stakes in its Renewable Energy Assets of Solar and Wind Projects
In a major development, the Infrastructure Leasing & Financial Services Ltd (IL&FS) has announced that it is going to achieve the resolution of the IL&FS group through certain measures, including ...
Solar Potential in West Africa Ranges from 8 GW to Over 20 GW by 2030: Report
The International Renewable Energy Agency (IRENA) in its report “Planning and prospects for renewable power: West Africa” has highlighted scenarios for the growth of renewables in West Africa’s power systems ...
Abu Dhabi Fund Commits $50 Million for IRENA-Recommended Renewable Projects
The Abu Dhabi Fund for Development (ADFD) has committed $50 million for renewable energy projects that are recommended by International Renewable Energy Agency (IRENA). The ADFD and IRENA have invited ...
Google Announces its Green Energy Plans in Denmark
Adding another feather to its green cap, tech giant Google has now announced that it will invest 4.5 billion Danish crowns ($690 million) in building a renewable powered data center in ...
RE100 Member Companies to Source 100% Electricity from Renewables By 2026: Report
According to a new report published by RE100, its member companies sourced 72 TWh of renewable power in 2017, an increase of 41 percent compared with the preceding year. RE ...
Five Indian Environmental Projects to be Showcased at Paris Peace Forum 2018
Five Indian projects have been selected to present at the Paris Peace Forum, new annual event based on the idea that international cooperation is key to tackling global challenges and ...
EBRD and Bank Audi to Provide $200 Million for Renewable Projects in Lebanon
The European Bank for Reconstruction and Development (EBRD) has signed its first green economy financing facility (GEFF) in Lebanon. The EBRD and Bank Audi, the largest bank in Lebanon, are joining ...
Mongolia Gets $60.6 Million for Solar-Wind Hybrid Project with Battery Energy Storage
The Asian Development Bank (ADB) has signed a loan agreement with the Government of Mongolia under which it will be providing $60.6 million for distributed renewable energy projects in the ...
Maharashtra Electricity Commission Dismisses Bagasse-Based Developer’s Petition
The, Maharashtra Electricity Regulatory Commission (MERC) has dismissed a petition filed by Olam Agro India Pvt. Ltd. (OAIPL) to directing MSETCL to comply with MERC’s previous impugned order. The commission ...
Sri Lanka Faces Arbitration Case Over Cancellation of Wind-Solar Hybrid Power Project
KLS Energy Lanka, a subsidiary of Malaysian renewable energy producer, Energy Sdn Bhd has filed an arbitration against the Sri Lankan government. The arbitration under BIT Malaysia – Sri Lanka ...
Blockchain-Powered Renewable Energy Certificate Trading Platform Opened in Singapore
Singapore’s SP Group, an energy utility group, has launched one of the world’s first blockchain-powered renewable energy certificate (REC) marketplaces at the Association of Southeast Asian Nations (ASEAN) Energy Business ...
Hydro Power Developer Wins Case against Maharashtra Transmission Company
The Maharashtra Electricity Regulatory Commission (MERC) has passed an order directing the Maharashtra State Electricity Transmission Co. Ltd. (MSETCL) to pay a total sum of ₹5.5 million (~ $0.075 million) to a ...
Corporates Win Three Solar and Non-solar RPO Compliance Delay Cases in Karnataka
In three separate cases related to the delay in compliance of renewable purchase obligation (RPO)by corporates, the Karnataka Electricity Regulatory Commission (KERC) has provided relief to the obligated entities. Case ...
Small Hydro Project Developer in Maharashtra Gets Relief from DISCOM’s Non-Compliance
In its latest ruling, the Maharashtra Electricity Regulatory Commission (MERC) has provided relief to Mohite Industries, a small hydro project developer of a 10 MW Radhanagari small hydro power project ...
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 ...
