Daily News Wrap-Up_ Lender for Renewables, IREDA Gets Revenue Target of ₹24.06 Billion

Here are some noteworthy cleantech announcements of the day from around the world:

The Indian Renewable Energy Development Agency (IREDA) has signed a Memorandum of Understanding with the Ministry of New and Renewable Energy for setting key targets for 2020-21. For IREDA, the Government of India has set a revenue target of ₹24.06 billion (~$ 323. 39 million) for 2020-21. IREDA has financed over 2,700 renewable energy projects in India, totaling more than 17 GW with cumulative loan disbursement of ₹570 billion (~$7.66 billion) as of November 2, 2020.

ANDRITZ has received an order from KC Group Nepal to supply turbine, generators, and auxiliaries for the new Karuwa Seti hydropower project. The hydropower project with a total capacity of 32 MW is located on the Seti Khola river in the Gandaki Zone’s Kaski district in Nepal. The contract includes design, engineering, manufacture, supply, installation, testing, and commissioning of three 10.66 MW Francis turbine and generator as well as auxiliaries for electrical and mechanical equipment.

Dominion Energy Virginia has proposed its largest slate of new solar projects as the company advances to provide more clean energy for consumers in Virginia, United States. The nine solar projects with a total capacity of nearly 500 MW will generate enough clean energy to satisfy around 125,000 households’ electricity needs. Six of the nine new solar projects with a total capacity of 416 MW are power purchase agreements selected following a competitive solicitation process.


Sungrow, a global inverter solution supplier for renewables, said that the company has crossed over 1 GW of photovoltaic inverter shipments to Chile. Earlier this year, the company also crossed over 1 GW of inverter shipment in Brazil. Besides that, the company bagged a contract from Bouygues Energies & Services to supply inverter solutions for two solar projects in the United Kingdom. The company will provide 23 units of its turnkey central inverters for solar projects. Once operational, both projects with a total capacity of 115 MW will provide energy for 22,000 homes.

ACWA Power said that South Africa’s Bokpoort Concentrating Solar Power (CSP) facility has become the first renewable facility on the continent to complete a full week of continuous round the clock operation. The facility set the new African continental benchmark achieving 13 days (312 hours) of continuous operation on October 23, 2020. The accomplishment was achieved by managing 9.3 hours of thermal salt storage system overnight.

Here is our previous daily news wrap-up.