Fourth Partner Energy Receives ₹1.26 Billion to Expand Distributed Solar Footprint
Symbiotics, an investment firm specialized in emerging, sustainable, and inclusive finance, issued its first bond the proceeds of which are exclusively used to finance renewable energy projects. It raised ₹1.26 ...
CEL Invites Bids for 1,707 Solar Pumps Under PM KUSUM Program in Rajasthan
The Central Electronics Limited (CEL) has invited bids for 1,707 grid-connected solar pumps under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) program’s component C. The solar ...
Chhattisgarh Commission Clarifies Energy Banking Terms for Renewables
The Chhattisgarh Electricity Regulatory Commission (CSERC) has proposed modalities for renewable energy banking, accounting, and wheeling of power to provide more clarity on the distributed renewable energy (DRE) regulations 2019 ...
China Adds 11.5 GW of Solar Capacity in the First Half of 2020
According to the latest data released by the National Energy Administration (NEA), 11.52 GW of solar capacity was installed in China during the first half (1H) of 2020. Large-scale solar ...
Gujarat Extends Validity of Solar Policy to December 31, 2020
The Chief Minister of Gujarat, Vijay Rupani, has decided to extend the validity of ‘Gujarat Solar Policy-2015’ up to December 31, 2020. The policy was previously effective until March 31, ...
Bank of America Lends ₹3.56 Billion to Distributed Solar Company Fourth Partner Energy
The Bank of America (BofA) has announced its plans to lend ₹3.56 billion (~$50 million) to Fourth Partner Energy, a distributed solar energy management company. The amount is a local currency revolving ...
Nigerian Renewable Solutions Provider Arnergy Raises $9 Million in Series A Funding
Arnergy, a Nigerian distributed utility company, has announced raising $9 million in Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for ...
India Was the Largest Cash Market for Off-Grid Solar Products in Second Half of 2018: GOGLA
The total number of people accessing solar power has increased drastically with a better market penetration of solar off-grid products, according to the latest Global Off-grid Solar Market Report. The ...
Mitsui to Acquire 49% Stake in Mahindra Group’s Cleantech Arm
Japanese trading and investment company Mitsui & CO Limited (Mitsui) has announced that it has entered into an agreement with Indian engineering, procurement, and construction company (EPC), Mahindra Susten, to ...
India’s Private Player Distributed Solar Market to be $327 Million by 2023: GOGLA Report
India remains the world’s largest market for portable solar lantern. The Indian private player driven market for solar lanterns and solar home systems is expected to reach ₹26,178 million (~$327 ...
Chhattisgarh DISCOMs to Procure Excess Energy from Distributed Solar Projects at ₹1/kWh
The Chhattisgarh State Electricity Regulatory Commission (CSERC) has issued terms and conditions for distributed solar projects in the state. These regulations will come into force from April 1, 2019. The ...
China Adds 34.5 GW of Solar Capacity in the First Three Quarters of 2018, a 20% Drop
China added 34.5 GW of solar PV capacity in the first three quarters of 2018. This takes China’s total installed solar PV capacity to 164.74 GW, of which 117.9 GW ...
China Added 24.3 GW of Solar Capacity in the First Half Of 2018
China added 24.3 GW of solar PV capacity in the first half (1H) of 2018. This takes China’s total installed solar PV capacity to 154.51 GW, out of which 112.6 ...
Solar Pumps Can Help India Reach its 40 GW Distributed Solar Target: Study
If net-metered solar pumps are installed across all states for complete agricultural energy consumption, India would surpass its distributed solar goal of 40 GW by a wide margin, according to ...
BLP Sells its Entire Stake in the Joint Venture SBSS to Statkraft
Statkraft, a European renewable energy generator, and Bharat Light and Power (BLP), an Indian renewable energy generation and technology firm, have announced the end of their partnership. As part of ...
China’s Solar PV Installations Reach Almost 10 GW in Q1 of 2018
China’s solar industry continues to grow with the addition of 9.65 GW of solar PV capacity in the first quarter (Q1) of 2018. According to the data released by the ...
China Installs Record 53 GW of Solar PV in 2017
The year 2017 proved to be an outstanding one for China’s solar industry. The country added an astounding 53.06 GW in solar installations a 54 percent Year over Year (YoY) ...
USICEF to Provide $900,000 in Grants for Distributed Solar in India
The US-India Clean Energy Finance (USICEF) initiative is set to provide $900,000 in grants to companies involved in India’s solar sector as part of an effort to catalyze the adoption ...
Construction of BRICS Bank Funded 100 MW Rooftop Solar Project Begins in Shanghai
The construction of the 100 MW Shanghai Lingang Distributed Solar Power project has begun in Shanghai, China. The project is being funded by BRICS New Development Bank (NDB) and will ...