Solar EPC Contracts Cannot be Composite as per GST, Rules Maharashtra Authority

SECI Announces 100 MW Solar EPC Tender for Telangana’s Singareni Collieries

The Solar Energy Corporation of India (SECI) has announced a tender for the development of 100 MW of solar power projects in Telangana. The scope of work for the tender ...
ACME to Reduce its IPO Size from ₹22 billion to ₹10-15 billion

Solar EPC Company Sterling and Wilson Files for ₹45 Billion IPO

Sterling and Wilson Solar Limited, an engineering, procurement, and construction (EPC) company of Shapoorji Pallonji Group, has filed a draft red herring prospectus as part of its planned initial public ...
/ / Markets & Policy, Solar
Brookfield Negotiates with ReneSola for its Distributed Solar Assets in China

Malaysia’s PETRONAS Acquires Singapore’s Distributed Solar Company Amplus Energy

Malaysia’s state-owned oil and gas company, PETRONAS, has announced the acquisition of Singapore-based Amplus Energy Solutions Pte Ltd (M+). In a media statement issued by PETRONAS, the company stated that ...
/ / Finance and M&A, Solar
China Eyes One Belt One Road Initiative to Expand Renewable Energy

China Eyes One Belt One Road Initiative to Expand Renewable Energy

China plans to utilize its ambitious One Belt One Road (OBOR) initiative to expand renewable energy along the economic belt. According to China’s National Energy Administration (NEA), “In the past ...
/ / Other, Renewable Energy
PTC India FInancial and USICEF Partner to Finance Distributed Solar Projects in India

PTC India Financial and USICEF Partner to Finance Distributed Solar Projects in India

Indian infrastructure finance company, PTC India Financial Services (PFS), has partnered with the U.S.-India Clean Energy Finance (USICEF) to mobilize debt financing for distributed solar energy in India. This is ...
/ / Finance and M&A, Solar
Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million

Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million

Suzlon Energy Limited (Suzlon) has announced that it will sell two of its solar subsidiaries to Ostro Energy, a wholly owned subsidiary of independent power producer, ReNew Power. The two ...
/ / Finance and M&A, Solar
Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

Independent power producer (IPP), Avaada Energy, has announced that it has secured financing of around  ₹10 billion ($143.8 million) in the form of equity infusion from the Asian Development Bank ...
/ / Finance and M&A, Solar
International Solar Alliance Gets a New Member_ Bolivia

International Solar Alliance Gets a New Member: Bolivia

Bolivia has signed the framework agreement of the International Solar Alliance (ISA), joining hands with India towards a common goal of sustainability. The ISA is an Indian initiative that was jointly launched ...
51 GW of Wind Projects Installed Globally in 2018_ Report

51 GW of Wind Projects Installed Globally in 2018: Report

In 2018, nearly 51.3 GW of new wind energy projects were installed globally, 4 percent less than the previous year, says Global Wind Report 2018. In the last five years, ...
/ / Other, Wind
Toxic Air Killed 1.2 Million Indians in 2017: Report

Toxic Air Killed 1.2 Million Indians in 2017: Report

Air pollution is estimated to have caused nearly 4.9 million deaths in 2017 with India and China accounting for 1.2 million each, which was the highest in the world, according ...
/ / Other, Renewable Energy
Green Climate Fund Approves $299 Million for Expansion of Renewable Projects in Africa

News Highlights from India’s Renewable Industry in March 2019

The month of March witnessed some important announcements from the Indian government in the renewable energy and e-mobility sectors. For instance, March witnessed the important announcement that the Union Cabinet ...
/ / Markets & Policy, Solar
Maharashtra Partners with IFC for Green Buildings in the State

Maharashtra Partners with IFC for Green Buildings in the State

The Maharashtra State housing department has entered into a memorandum of understanding (MoU) with the International Finance Corporation (IFC) to promote green housing. The MoU is partly funded by IFC’s ...
ReNew Power Files for IPO After Raising Over a Billion Dollars in Funding

Solar EPC Company Gensol Plans for IPO

Gensol Engineering Limited (Gensol), a company that provides engineering, procurement, and construction (EPC) and advisory services for solar projects in India, has filed a draft red herring prospectus as part ...
/ / Finance and M&A, Solar
Gujarat Issues Tender for 1 GW of Wind Projects

50.2 GW of Wind Power Projects Added in 2018 Globally: Report

In 2018, the world added the third highest annual total of wind power. According to the Wood Mackenzie Power & Renewables 'Global Wind Power Market Outlook Update: Q1 2019' report, 50.2 GW ...
/ / Other, Wind
India to Partner with Peru and France to Expand Renewable Energy

Energy Demand Grew by 2.3% Globally in 2018; China, US and India Account for 70% of the Rise

Energy demand across the world in 2018 grew by 2.3 percent the fastest in a decade on the back of a global economy that grew by 3.7 percent in 2018 ...
/ / Other, Renewable Energy
Karnataka is the Top Solar State in India with 5 GW in Cumulative Installed Capacity

India Emerged as the Third Largest Solar Market in 2018 Behind China and US

India was the third largest solar market behind China and the United States with 8.3 GW of solar PV capacity installed in 2018. Japan and Germany were the fourth and ...
/ / Markets & Policy, Solar
EXIM Bank Approves $83 Million Loan for Financing of 35 MW of Solar Projects in Congo

EXIM Bank Approves $83 Million Loan for Financing of 35 MW of Solar Projects in Congo

The Export-Import Bank of India (EXIM Bank) has approved $83.11 million financing for the installation of three solar projects in the Democratic Republic of the Congo with a total capacity ...
/ / Markets & Policy, Solar
IFC To Continue Supporting Private Sector Investments in Europe and Central Asia

ADB to Invest $50 Million in Avaada Energy for Expansion of Solar Projects in India

The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital ...
/ / Finance and M&A, Solar
Need for Green Energy Corridors Grows as Over 64 GW of Renewables are Connected to the Grid

India Needs to Spend $39 Billion on Transmission Infrastructure Revamp

India is one of the fastest growing economies in the world with increasing power demand in the coming years. Historically, the country has also been a power deficit with millions ...
/ / Grid, Grid Optimization
India Announces New Energy Conservation Building Code for Residential Buildings

With Only 4% Green Buildings, India Suffers from Tech and Funding Barriers: Survey

India has only four percent of the building that can be classified as ‘green,’ according to a smart cities indicator survey conducted by Ireland-based multinational, Johnson Controls. However, 38 percent ...
/ / Energy Efficiency, Other
EESL Scraps its Tender for 10,000 EVs Due to Non-Availability of Chargers for Luxury Cars

Uttar Pradesh Approves EV Charging Tariffs for Various Segments of Consumers

After receiving comments and views from stakeholders through a public hearing held on March 7, 2019, the Uttar Pradesh Electricity Regulatory Commission (UPERC) has now approved the tariffs for electric vehicle ...
Sweden’s Trine Helps Finance Greenlight Planet’s Off-Grid Solar Projects in India

Sweden’s Trine Helps Finance Greenlight Planet’s Off-Grid Solar Projects in India

Trine, a Swedish investment company that enables individuals to invest sustainably, and Greenlight Planet, a provider of off-grid solar products, have announced the closure of a €1.8 million ($2.36 million) ...
/ / Off-grid, Solar
ReNew Raises $375 Million Through Green Bond Issue

ReNew Raises $375 Million Through Green Bond Issue

Indian renewable energy independent power producer (IPP) ReNew Power Limited, has announced that it has successfully concluded a green bond issue of $375 million. Barclays (B&D), Goldman Sachs, HSBC, J.P ...
/ / Finance and M&A, Solar
MNRE Extends Implementation Timeline for 40 GW of Solar Parks in India

MNRE Addresses Land, Power Evacuation Issues in its Modification of Solar Park Program

The Ministry of New and Renewable Energy (MNRE) has issued a memorandum proposing modifications to the guidelines issued for its “Development of Solar Parks and Ultra Mega Solar Park Program, ...
/ / Markets & Policy, Solar
Ola Raises $56 Million for Its Electric Mobility Business in India

Ola Raises $56 Million for Its Electric Mobility Business in India

Ola Electric Mobility, a company, backed by Ola, an Indian ride-sharing company, announced that it has raised a sum of ₹400 billion ($56.4 million) led by several of Ola’s early investors ...
/ / Electric Vehicles, Grid