EIB to Provide $3.55 Billion for Renewable Expansion in Europe and Beyond
The European Investment Bank (EIB) announced that it would provide €3 billion (~$3.55 billion) for renewable energy projects across Europe and around the globe. This would be a part of ...
MNRE to Set Up a Project Development Cell to Attract Investment in Renewables
The Ministry of New and Renewable Energy (MNRE) has issued an order for setting up a Project Development Cell (PDC) within the Ministry as per the central government’s specifications. The ...
AfDB and Nigeria Launch National Electrification Project to Boost Energy Access
The African Development Bank (AfDB) and the Government of Nigeria announced the launch of their National Electrification Project (NEP), which aims to help improve access to energy by promoting private ...
JP Morgan Commits $200 Billion for Sustainability, To Stop Lending to Coal Companies
U.S.-based JP Morgan Chase, one of the world’s largest banking institutions, announced that it has committed $50 billion (~₹3.59 trillion) towards green initiatives as part of a larger $200 billion (~₹14.37 ...
Assam to Install Standalone Solar LED Streetlights Across Four Zones
The Urban Development Department (UDD) of Assam has floated a tender to install standalone solar light-emitting diode (LED) street lighting systems with seven-meter galvanized octagonal poles in the city. The ...
CDC Group has Allocated $10 Million to Boost Solar Power in South Africa and Namibia
CDC Group, a U.K. government-owned financial development institution, has announced that it plans to invest £2 billion (~₹184.41 billion) in African businesses over the next two years to double the ...
Abu Dhabi Fund Extends $105 Million for 8 IRENA Recommended Renewable Projects
The Abu Dhabi Fund for Development (ADFD) has approved about $105 million (~₹7.42 billion) for the development of eight renewable energy projects under the seventh cycle of its partnership with ...
Masdar Signs Pact to Develop a 200 MW Solar Project in the Republic of Azerbaijan
Masdar (or Abu Dhabi Future Energy Company) recently announced that it had signed an agreement with the Ministry of Energy of the Republic of Azerbaijan to design, finance, build and operate ...
Solar Projects are Helping Generate Income, Create Jobs and New Skills in Rural Areas
The development of large solar power projects in rural areas usually gets a bad rap as it is associated with issues like land grabbing, deforestation, and disruption of the rural ...
NITI Aayog Reports on States’ Progress Towards Sustainable Development Goals
The National Institute of Transforming India (NITI) Aayog’s sustainable development goals (SDG) index showed that Kerala, Himachal Pradesh, Andhra Pradesh, Tamil Nadu, and Telangana held the top spots in terms ...
African Development Bank Approves $21.7 Million for Solar Pumps in Sudan
The African Development Bank (AfDB) has approved a $21.78 million (~₹1.54 billion) grant to the government of Sudan to promote the adoption of solar-powered irrigation pumps in the country. The ...
France’s PROPARCO Makes $15 Million Equity Investment in Solar Developer Avaada Energy
PROPARCO, a French development financial institution, has announced that it has made a $15 million (~₹1.07 billion) equity investment in independent power producer Avaada Energy Private Limited. According to Mercom’s ...
MNRE Invites Proposals for Research and Development in Solar Technology
The Ministry of New and Renewable Energy (MNRE) has invited proposals for research and development (R&D) and demonstration in the field of solar energy. The proposals have been sent to ...
World Bank Approves $180 Million Fund to Support Kenya’s Energy Sector
The World Bank has approved $180 million in assistance to Kenya to strengthen the financial health of the Kenya Electricity Generation Company Limited (KenGen) and improve private sector financing in ...