India To Provide $20 million Funding to Suriname for Development of Solar

India To Provide $20 Million Concessional Funding to Suriname for Development of Solar

India will partner with Suriname, a South American country, for cooperation in the field of renewable energy. The President of India, Ram Nath Kovind, announced the upcoming partnership between the ...
/ / Markets & Policy, Solar
MAHAGENCO Tenders 750 MW of Solar Projects for Agricultural Feeders

MAHAGENCO Tenders 750 MW of Solar Projects for Agricultural Feeders

The Maharashtra State Power Generation Company (MAHAGENCO) has tendered 750 MW of grid-connected solar photovoltaic (PV) projects to cater to the agricultural (AG) feeder load of various substations across the ...
Sterling and Wilson Emerges as India’s Leading EPC Player in 2017

Sterling and Wilson Emerges as India’s Leading Solar EPC Player in 2017

Based on project capacity commissioned in 2017, Sterling and Wilson has emerged as the leading solar engineering procurement construction (EPC) developer in the country. The newly released report by Mercom ...
Gujarat Announces Solar-Wind Hybrid Power Policy

Gujarat Announces Solar-Wind Hybrid Power Policy

The Gujarat government has announced a new solar plus wind hybrid power policy in a bid to promote the simultaneous production of wind and solar power in the state. Under ...
/ / Markets & Policy, Solar
MNRE Extends Commissioning Date of Solar Projects Affected by GST

MNRE Extends Commissioning Date of Solar Projects Affected by GST

The Ministry of New and Renewable Energy (MNRE) has issued an order extending the commissioning date (COD) of solar photovoltaic (PV) projects that were affected after the imposition of Goods ...
Indian Solar Imports Were Up by 20% in FY 2018

Indian Solar Imports Were Up by 20% in FY 2018

Compared to FY 2016-17, Indian solar imports witnessed a 20 percent spike from approximately $3.19 billion in FY 2016-17 to nearly $3.83 billion in FY 2017-18. Imports increased toward the ...
AfDB Approves $28 Million Loan for Off-Grid Solar in Africa’s Côte d'Ivoire

AfDB Approves $28 Million Loan for Off-Grid Solar in Africa’s Côte d’Ivoire

The African Development Bank (AfDB) approved a ~$27.78 million proposal to secure a loan from Société Générale de Banque in Côte d'Ivoire (SGBCI), Crédit Agricole Corporate, and Investment Bank (Crédit Agricole ...
/ / Finance and M&A, Solar
Indian Railways to Become Net-Zero Carbon Emitter by 2030

Indian Railways to Become Net-Zero Carbon Emitter by 2030

Indian Railways is going green in a big way and plans to become a net-zero carbon emitter by 2030, according to Union Railways Minister Piyush Goyal. Goyal spoke to news ...
/ / Markets & Policy, Solar
MNRE Amends VGF Program Guidelines for Solar Projects

MNRE Amends VGF Program Guidelines for Solar Projects

The Ministry of New and Renewable Energy (MNRE) has amended the guidelines for the implementation of the viability gap funding (VGF) program for solar photovoltaic (PV) projects under National Solar ...
Infosys Sources Over 43% of its Electricity Needs From Renewable Energy

Infosys Sources Over 43% of its Electricity Needs From Renewable Energy

Infosys, India’s software multinational giant, recently announced that it has developed a total capacity of 46.1 MW of rooftop and ground-mounted solar projects across the country. The figures were released ...
/ / Markets & Policy, Solar
Competitive Bidding Guidelines for Power Procurement from Solar Projects Amended

Competitive Bidding Guidelines for Power Procurement from Solar Projects Amended

The Ministry of Power (MoP), Government of India, has amended the competitive bidding guidelines for the procurement of power from grid-connected solar photovoltaic (PV) projects. Amendments The MoP has increased ...
Rooftop Solar Net Metering Only Available for Projects Under 1 MW in Maharashtra

Rooftop Solar Net Metering Only Available for Projects Under 1 MW in Maharashtra

The Maharashtra Electricity Regulatory Commission (MERC) has passed a ruling stating that the benefits of net metering are limited to rooftop solar installations of up to 1 MW. MERC was responding ...
/ / Rooftop, Solar
Madhya Pradesh Retenders 22 MW of Grid-Connected Rooftop Solar Projects

Madhya Pradesh Retenders 22 MW of Grid-Connected Rooftop Solar Projects

The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has retendered 22 MW of rooftop solar PV projects to be set up under RESCO model in the state. The bid-submission deadline ...
World Bank Provides Financial Aid to Pakistan and Madagascar for Renewable Projects

World Bank to Provide Financial Aid to Pakistan and Madagascar for Renewable Projects

The World Bank has promised over $500 million for two renewable energy projects in Sindh, Pakistan. The projects will help in the development of an economic corridor along the Khyber ...
/ / Finance and M&A, Solar
Lightsource BP Completes 60 MW Solar Project in India Financed by Rabobank

Lightsource BP Completes 60 MW Solar Project in India Financed by Rabobank

Lightsource BP, a global renewable energy development firm, has completed its first utility scale solar project in India. The project has been developed in Wagdari, located in the state of ...
/ / Markets & Policy, Solar
Azure Power Reports Revenue of $118.3 Million in Fiscal Year 2018

Azure Power Reports Revenue of $118.3 Million in Fiscal Year 2018

Azure Power (NYSE: AZRE), an independent solar power producer, has announced its consolidated financial results for the fourth quarter and fiscal year ending March 31, 2018. Total revenue during its ...
Adani Green Energy Starts Trading on the Bombay Stock Exchange

Adani Green Energy Starts Trading on Bombay Stock Exchange

Domestic renewable energy project developer, Adani Green Energy, has been listed on the Bombay Stock Exchange (BSE). According to the BSE filing, effective from June 18, 2018, the equity shares ...
Solar Projects for AG Feeders to Get a 30-Year Property Tax Rebate in Maharashtra

Solar Projects for AG Feeders to Get a 30-Year Property Tax Rebate in Maharashtra

In the state of Maharashtra, all the grid-connected solar photovoltaic (PV) projects developed under the Mukhyamantri Saur Krushi Vahini Yojana will not be required to pay property tax for a ...
SECI’s 2 GW ISTS-Connected Solar PV Tender Oversubscribed by 1.8 GW

SECI’s 2 GW ISTS-Connected Solar PV Tender Oversubscribed by 1.8 GW

The Solar Energy Corporation of India (SECI)’s 2 GW inter-state transmission system (ISTS)-connected grid-connected solar photovoltaic (PV) tender has been oversubscribed by 1.8 GW, highlighting the voracious appetite of developers ...
MNRE Issues Benchmark Cost for Off-Grid and Distributed Solar Generation

MNRE Issues Benchmark Cost for Off-Grid Solar Systems and Distributed Solar Generation

The Ministry of New and Renewable Energy (MNRE) has notified the new benchmark cost for off-grid solar photovoltaic (PV) systems and rooftop solar projects for the financial year (FY) 2018-19 ...
Fortum Wins 110 MW of Solar and 823 MW of Wind Projects in Russian CSA Auction

Fortum Wins 110 MW of Solar and 823 MW of Wind Projects in Russian CSA Auction

Fortum Corporation, a Finnish energy company, has won a Russian Capacity Supply Agreement (CSA) auction to develop 110 MW of solar capacity. The solar power project is set to be ...
Ministry of Power Sets Solar RPO for FY 2019-20 at 7.25 Percent

Ministry of Power Sets Solar RPO for FY 2019-20 at 7.25 Percent

The Ministry for Power, Government of India, has set solar renewable purchase obligation (RPO) for financial year (FY) 2019-2020 at 7.25 percent. The non-solar RPO for FY 2019-2020 has been ...
Fourth Partner Energy Raises $70 Million from TPG Growth’s Rise Fund

Fourth Partner Energy Raises $70 Million from TPG Growth’s Rise Fund

Fourth Partner Energy, a distributed energy management company, raised a $70 million investment from The Rise Fund, a global impact investment fund managed by TPG Growth. Investec acted as the ...
/ / Finance and M&A, Solar
SECI Extends Bid-Submission Deadline for 750 MW Solar Tender

SECI Extends Bid-Submission Deadline for 750 MW Solar Tender

The Solar Energy Corporation of India (SECI) has extended the bid-submission deadline for the 750 MW of grid-connected solar photovoltaic (PV) capacity it had tendered in January 2018. The capacity ...
SoftBank to Invest $60-100 Billion in India’s Solar Industry

SoftBank to Invest $60-100 Billion in India’s Solar Industry

SoftBank Group, a Japanese telecom giant-turned-tech investor, plans to invest $60 to $100 billion in Indian solar projects, according to Japanese public broadcaster NHK. Prime Minister Narendra Modi-led administration has ...
/ / Finance and M&A, Solar