MNRE Declares Commissioning Date Extension for Renewable Projects, Conditions Apply

MNRE Declares Commissioning Date Extension for Renewable Projects, Conditions Apply

Giving relief to solar developers amid the Covid-19 crisis, the Ministry of New and Renewable Energy (MNRE), in its latest notification, has stated that the renewable energy projects having their ...
Project Finance Brief Lightsource bp Acquires 156 MW Solar Projects in Italy

Project Finance Brief: Lightsource bp Acquires 156 MW Solar Projects in Italy

Lightsource bp, a solar project developer, acquired three projects from Horizon Firm, a developer specialized in solar, totaling 156 MW, across the country. Two of the projects are based in ...
/ / Finance and M&A, Other
Project Finance Brief Goldman Sachs' Renewable Arm to Finance a 216 MW Solar Project

Project Finance Brief: Goldman Sachs’ Renewable Arm to Finance 216 MW Solar Projects

CS Energy, an integrated energy firm that designs and builds optimized projects in the solar, storage, and emerging energy industries, has partnered with the Goldman Sachs Renewable Power Group and ...
/ / Finance and M&A, Other
Project Finance Brief_ Opdenergy Secures €500 Million for Solar Projects in Spain

Project Finance Brief: Opdenergy Secures €500 Million for Solar Projects in Spain

Opdenergy, an independent renewable energy producer focused on solar photovoltaic and onshore wind technologies, has closed with BBVA the underwriting mandate for the financing of the development, construction, and commissioning ...
/ / Other, Renewable Energy
Project Finance Brief_ Summit Ridge Secures $55 Million for 73 MW Solar Projects

Project Finance Brief: Summit Ridge Secures $55 Million for 73 MW of Solar Projects

Summit Ridge Energy, an owner and operator of community solar projects, announced that it had secured a $55 million tax equity commitment from investment manager Foss & Company. The partnership will fund an ...
/ / Other, Renewable Energy
Project Finance Brief_ BayWa r.e. Secures Loan of $216 Million for a 200 MW Solar Project

Project Finance Brief: BayWa r.e. Secures Loan of $216 Million for a 200 MW Solar Project

Independent solar power producer Azure Power Global has announced that it had signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables for ₹5.36 billion (~$73.5 ...
/ / Finance and M&A, Other
Project Finance Brief_ Renewable Japan Raises $92.4 Million for a 25.76 MW Solar Project

Project Finance Brief: Renewable Japan Raises $92.4 Million for a 25.76 MW Solar Project

ReneSola, a fully integrated solar project developer, announced that it closed the sale of a portfolio of projects totaling 12.3 MW in Hungary to Obton, an investment firm. The portfolio ...
/ / Other, Renewable Energy
Project Finance Brief_ Downing Renewables Acquires 96 MW of Solar Assets

Project Finance Brief: Downing Renewables Acquires 96 MW of Solar Assets

Downing Renewables & Infrastructure Trust, which invests in renewable energy projects across the U.K., completed the acquisition of a 96 MW portfolio of 50 solar PV projects located in mainland ...
/ / Other, Renewable Energy
Indore Smart City Reissues Tender for Consulting and O&M for 120 MW of Solar Projects

Indore Smart City Reissues Tender for Consulting and O&M for 120 MW of Solar Projects

The Indore Smart City Development Limited (ISCDL) has issued a revised tender for consultants to set up 100 MW to 120 MW ground-mounted or floating solar power projects in the ...
BHEL Lands its First Overseas EPC Contract for 8 MW of Solar Projects in Mauritius

BHEL Lands its First Overseas EPC Contract for 8 MW of Solar Projects in Mauritius

Bharat Heavy Electricals Limited (BHEL) announced its plans to set up an 8 MW solar project at Tamarind Falls, Henrietta (Phase-II), Mauritius. This would be its first overseas turnkey contract ...
/ / Solar
Project Finance Brief_ EDF Acquires 100 MW of Solar Projects in the UK

Project Finance Brief: EDF Acquires 100 MW of Solar Projects in the UK

EDF Renewables, a wholly-owned subsidiary of the French utility EDF Group, has acquired two solar projects totaling 100 MW - Burwell, a 49.9 MW consented project in South East Cambridgeshire ...
/ / Other, Renewable Energy
Enel Green Acquires 519 MW Solar Portfolio from Arena Power

Project Finance Brief: Enel Green Acquires 519 MW Solar Portfolio from Arena Power

Endesa, through its renewable energy company Enel Green Power Espana (EGPE), has acquired a solar PV portfolio of 519 MW from the Spanish developer Arena Power. The portfolio includes 11 ...
/ / Other, Renewable Energy
Project Finance Brief_ Adapture Renewables Acquires an 81 MW Solar Project from Q CELLS

Project Finance Brief: Adapture Renewables Acquires an 81 MW Solar Project from Q CELLS

The African Development Bank (AfDB)'s board of directors has approved $27.2 million in loan financing for the design, construction, and operation of a 200 MW solar project at Kom Ombo ...
/ / Other, Renewable Energy
Project Finance Brief_ China Three Gorges to Acquire 400 MW of Solar and Wind Portfolio

Project Finance Brief: China Three Gorges to Acquire 400 MW of Solar and Wind Portfolio

Spanish solar project developer Solaria Energia y Medio Ambiente has signed an agreement with Dutch lender Rabobank for financing 150 MW of solar projects in Spain. This agreement also includes ...
/ / Other, Renewable Energy
Tender Issued to Set Up 2 MW of Solar Projects at Agartala Airport in Tripura

Tender Issued to Set Up 2 MW of Solar Projects at Agartala Airport in Tripura

NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC Limited, has invited bids for setting up 2 MW of grid-connected ground-mounted solar photovoltaic projects at the Agartala airport ...
Project Finance Brief_ Longroad Energy Acquires 900 MW of Solar and Storage Portfolio

Project Finance Brief: Longroad Energy Acquires 900 MW of Solar and Storage Portfolio

Longroad Energy, a U.S.-based renewable energy project developer, has announced the project acquisition of Sun Streams 2, 4, and 5, which total approximately 900 MW in total solar capacity plus ...
/ / Other, Renewable Energy
Solar Developer Loses Bank Guarantee, to Pay Liquidated Damages For Delay

Solar Developer Loses Bank Guarantee, to Pay Liquidated Damages For Delay

The Tamil Nadu Electricity Regulatory Commission (TNERC) has rejected a developer’s plea to extend the commissioning date of a 100 MW solar project in the state. It has also allowed ...
Developers Say ISTS Waiver Extension Inevitable, Highlight Other Pressing Issues

Developers Say ISTS Waiver Extension Inevitable, Highlight Other Pressing Issues

Renewable energy projects commissioned on or before June 30, 2023, have a waiver on inter-state transmission system (ISTS) charges and losses. But most of these projects are yet to sign ...
Project Finance Brief_ Masdar Acquires 50% Stake in a 1.6 GW Renewable Portfolio in the US

Project Finance Brief: Masdar Acquires 50% Stake in a 1.6 GW Renewable Portfolio in the US

Masdar (Abu Dhabi Future Energy Company) has achieved the first closing on the acquisition of 50% of a 1.6 GW clean-energy portfolio of projects in the U.S. from EDF Renewables ...
/ / Other, Renewable Energy
Project Finance Brief_ Total Acquires 2.2 GW of Solar, 600 MW of Storage Projects in Texas

Project Finance Brief: Total Acquires 2.2 GW of Solar, 600 MW of Storage Projects in Texas

Total, a French oil and gas major, acquired a development pipeline of 2.2 GW of solar projects, and 600 MW of battery storage assets, all located in Texas. The projects ...
/ / Finance and M&A, Other
SECI to Float Tender for 1,785 MW of Solar Projects in Rajasthan

SECI to Float Tender for 1,785 MW of Solar Projects in Rajasthan

The Solar Energy Corporation of India (SECI) has announced its intent to float a tender for 1,785 MW of solar projects in Rajasthan (Tranche-IV). SECI said the projects are to ...
Project Finance Brief_ Nautilus Solar Acquires Distributed Generation Projects

Project Finance Brief: Nautilus Solar Acquires Distributed Generation Projects

Nautilus Solar Energy, a solar project developer, has acquired three distributed generation solar projects in Maine totaling 19.2 MW from Walden Renewables Development. The projects located in the towns of ...
/ / Finance and M&A, Other
Project Finance Brief_ Lightsource bp Acquires 1.06 GW Spanish Solar Portfolio

Project Finance Brief: Lightsource bp Acquires 1.06 GW Spanish Solar Portfolio

CIT Group announced that its power and energy business led a $69 million financing for a portfolio of solar projects owned and operated by Strata Solar, an integrated solar and ...
/ / Other, Renewable Energy
Project Finance Brief_ Goldman Sachs Renewable Power Acquires a 300 MW Solar Project

Project Finance Brief: Goldman Sachs Renewable Power Acquires a 300 MW Solar Project

Pine Gate Renewables, a fully-integrated utility-scale solar project developer, closed financing on a 12-project fund of solar and solar plus storage sites in North Carolina. The projects will sell power under ...
/ / Finance and M&A, Other
Project Finance Brief_ Duke Energy Acquires a 144 MW Solar Project From Recurrent Energy

Project Finance Brief: Duke Energy Acquires a 144 MW Solar Project From Recurrent Energy

KfW IPEX-Bank has arranged senior debt financing for the construction and operation of a 200 MW Los Escuderos solar project near the municipality of Altarejos in the Spanish province of ...
/ / Finance and M&A, Other