KKR to Acquire Power Producer ContourGlobal for £1.75 Billion

KKR to Acquire Power Producer ContourGlobal for £1.75 Billion

U.S-based equity firm Kohlberg Kravis Roberts (KKR) has signed an agreement to acquire the British power generation company ContourGlobal for approximately £1.75 billion (~$2.18 billion). KKR is a leading global ...
Emerging Economies Like India Must Focus on Storage Technologies Report

Emerging Economies Like India Must Focus on Storage Technologies: Report

A recent report by the Massachusetts Institute of Technology's Energy Initiative (MITEI) has studied the role of energy storage technologies with variable renewable energy resources to establish deep decarbonized electricity ...
Government Invokes Emergency Provisions to Tide Over Coal Shortages in Power Plants

Government Invokes Emergency Provisions to Tide Over Coal Shortages in Power Plants

Faced with a severe coal shortage at coal-based thermal power plants leading to load shedding in many areas across India, the Ministry of Power has directed all imported coal-based power ...
/ / Other, Other Energy
IIT Delhi Researchers Develop Portable Solar Tracking Towers

IIT Delhi Researchers Develop Portable Solar Tracking Towers

Researchers at the Indian Institute of Technology – Delhi (IITD) have developed portable solar photovoltaic (PV) tracking towers of 3 kW and 5 kW capacity. The towers are meant to save space ...
/ / Solar, Technology
IEX Initiates Cross-Border Electricity Trade to Strengthen South Asian Market

IEX Initiates Cross-Border Electricity Trade to Strengthen South Asian Market

To expand power markets beyond India, the Indian Energy Exchange (IEX) has introduced cross-border electricity trade (CBET) on its platform. The initiative is a step towards building an integrated South ...
/ / Grid, Market & Policy
Power Transmission Unit Employees to Continue Working Amid Coronavirus Lockdown

Power Transmission Unit Employees to Continue Working Amid Coronavirus Lockdown

To provide operation and maintenance of the interstate transmission network during the ongoing COVID-19 nationwide lockdown, the Ministry of Power (MoP) has requested the administrations of all states and union ...
/ / Grid, T&D
ADB, GCF, and Australia Together Pledge $44.6 Million for Tonga’s Renewable Expansion

ADB, GCF, and Australia Together Pledge $44.6 Million for Tonga’s Renewable Expansion

The Asian Development Bank (ADB), the Green Climate Fund (GCF), and the Government of Australia have signed an agreement to develop renewable energy in Tonga. The total grant for expanding ...
/ / Other, Renewable Energy
IAN Fund Invests ₹124 Million in a Startup Providing Solar Panel Cleaning Solutions

IAN Fund Invests ₹124 Million in a Startup Providing Solar Panel Cleaning Solutions

The IAN Fund, a seed fund, has led an investment worth ₹124 million (~$1.7 million) in Pune-based Nocca Robotics. The investment also saw participation from prominent angel investors from Indian ...
/ / Finance and M&A, Solar
Renewable Project Developer Greenko Receives $329 Million in Equity

Renewable Project Developer Greenko Receives $329 Million in Equity

After receiving $495 million (~₹33.92 billion) as primary equity from General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA), Greenko Energy Holdings (Greenko), has now secured another $329 million ...
/ / Finance and M&A, Other
Karnataka is the Top Solar State in India with 5 GW in Cumulative Installed Capacity

KERC Asks State Agencies to Halt New Solar Tenders and Auctions in Karnataka

Karnataka, India’s top state in terms of installed solar capacity, is looking to stop the tender and auction process for large-scale ground-mounted projects as power generation exceeds demand in the ...
HPPC Asked to Study Commercial Viability of its Solar Project with Battery Storage

NLC India Inks Pact with TANGEDCO to Set Up 1 GW of Solar Projects in Tamil Nadu

Government-owned mining and power generating company, NLC India (NLCIL), has announced that it has signed a memorandum of understanding (MoU) with the Tamil Nadu government to develop 2,640 MW of ...
/ / Markets & Policy, Solar
Solar Accounted for 2 Percent of India’s Total Power Generation in FY 2017-18

Solar Accounted for 2 Percent of India’s Total Power Generation in FY 2017-18

During the financial year (FY) 2017-18, India produced approximately 25.90 billion units (BUs) of solar power, according to data released by the Central Electricity Authority (CEA). This was an increase ...