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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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
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) ...
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 ...
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, ...
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 ...
