SECI’s 1.2 GW Solar-Wind Hybrid Auction Gets Lowest Tariff of ₹2.41/kWh

SECI’s 1.2 GW Solar-Wind Hybrid Auction Gets Lowest Tariff of ₹2.41/kWh

Three companies won 1.2 GW of solar-wind hybrid projects quoting a tariff of ₹2.41 (~$0.0326)/kWh – the lowest-ever for solar-wind hybrid projects, according to Mercom’s sources. The tariff was discovered ...
Project Finance Brief_ Cubico to Acquire 274 MW of Solar Portfolio in Spain and Italy

Project Finance Brief: Cubico to Acquire 274 MW of Solar Portfolio in Spain and Italy

Atlantica Sustainable Infrastructure, the sustainable infrastructure company that owns a diversified portfolio of contracted assets in the energy and environment sectors, has reached an agreement with a subsidiary of Algonquin Power & Utilities, a ...
/ / Finance and M&A, Other
Project Finance Brief_ ReneSola Sells 16 MW Solar Portfolio to Modus Asset Management (1)

Project Finance Brief: ReneSola Sells 16 MW Solar Portfolio to Modus Asset Management

ReneSola Power, a fully integrated solar project developer, announced the sale of a portfolio of ground-mounted solar parks to Modus Asset Management, a Vilnius, Lithuania-based investment management company specialized in ...
/ / Other, Renewable Energy
Mahanadi Coalfields Floats Tender for 1.2 MW of Rooftop Solar Systems on its Buildings

Mahanadi Coalfields Floats Tender for 1.2 MW of Rooftop Solar Systems on its Buildings

Odisha’s Sambalpur-based Mahanadi Coalfields Limited (MCL), one of the eight subsidiaries of Coal India Limited (CIL), has issued a tender to set up 1.21 MW of solar rooftop systems at ...
Project Finance Brief: Capital Dynamics Secures $327 Million for a 383 MW Solar Project

Project Finance Brief: Capital Dynamics Secures $327 Million for a 383 MW Solar Project

Capital Dynamics, an independent global private asset management firm, announced that its Clean Energy Infrastructure (CEI) business had achieved a financial close on a 383 MW Eagle Shadow Mountain solar ...
/ / Other, Renewable Energy
Telangana Approves ₹58.3 Million in GST & VAT Refunds to Two Solar Project Developers

Telangana Approves ₹58.3 Million in GST & VAT Refunds to Two Solar Project Developers

The Government of Telangana, in a budget release order, has authorized the release of ₹58.3 million (~$789,059) to two solar project developers as refunds under State Goods and Services Taxes (SGST) ...
Renewable Power in Asia Pacific Region to be Cheaper than Coal by 2030_ Report

Renewable Power in Asia Pacific Region to be Cheaper than Coal by 2030: Report

Renewable power in India is expected to be 56% cheaper than new-build coal by 2030, according to a report published by Wood Mackenzie, a United Kingdom-based research and consultancy firm. The ...
Project Finance Brief_ Spain's Prodiel Enters Agreement to Sell 1,098 MW of Solar Projects

Project Finance Brief: Spain’s Prodiel Enters Agreement to Sell 1,098 MW of Solar Projects

Spanish renewable infrastructure builder Prodiel has reached an agreement to sell 1,098 MW of solar PV projects to Madrid-based investment manager Everwood Capital. The portfolio is valued at around €750 ...
/ / Other, Renewable Energy
Project Finance Brief_ ReneSola Acquires Solar-Storage Assets from Nova Development

Project Finance Brief: ReneSola Acquires Solar-Storage Assets from Nova Development

Altus Power America, an investor, owner, and operator of clean energy projects, has completed the acquisition of a 2.5 MW operating solar project in Charlotte, Vermont. The acquired project generates ...
/ / Other, Renewable Energy
Project Finance Brief_ CIP Acquires 1.6 GW of Pumped Storage Hydro Projects in the US

Project Finance Brief: CIP Acquires 1.6 GW of Pumped Storage Hydro Projects in the US

Copenhagen Infrastructure Partners (CIP) has acquired ownership of the Swan Lake (Klamath County, Oregon) and Goldendale (Klickitat County, Washington) closed-loop pump storage hydro projects. The projects were previously owned and ...
/ / Finance and M&A, Other
Project Finance Brief_ Luxcara Acquires a 172 MW Solar Project in Germany from BELECTRIC

Project Finance Brief: Luxcara Acquires a 172 MW Solar Project in Germany from BELECTRIC

German renewable-energy company Luxcara has acquired a 172 MW solar project being developed in Germany from BELECTRIC. Luxcara has selected BELECTRIC to build and operate the project. BELECTRIC will start ...
/ / Other, Renewable Energy
Project Finance Brief_ Atlas Gets $67 Million to Finance a 187 MW Solar Project in Brazil

Project Finance Brief: Atlas Gets $67 Million to Finance a 187 MW Solar Project in Brazil

Atlas Renewable Energy, a renewable energy company in Latin America, has obtained a $67 million loan from IDB Invest, a member of IDB Group, and DNB Bank ASA (Norway) to ...
/ / Other, Renewable Energy
Oil India Seeks EPC Contractors for 100 MW of Solar Projects

Oil India Seeks EPC Contractors for 100 MW of Solar Projects

Oil India Limited, a government-owned enterprise engaged in the exploration of crude oil and natural gas in India, has floated an expression of interest (EoI) for engineering, procurement, and construction ...
Project Finance Brief_ EDF Renewables Acquires 4.5 GW Solar Project Pipeline in the US

Project Finance Brief: EDF Renewables Acquires 4.5 GW Solar Project Pipeline in the US

GreenYellow, an operator of green energy in Madagascar, Axian, a Pan-African group, Societe Generale, GuarantCo, the guarantee arm of the Private Infrastructure Development Group, and African Guarantee Fund have closed ...
/ / Other, Renewable Energy
Project Finance Brief_ UK's NextPower Acquires 17.4 MW Solar Project in Portugal

Project Finance Brief: UK’s NextPower Acquires 17.4 MW Solar Project in Portugal

Global wind and solar development company Mainstream Renewable Power has closed a $280 million mezzanine construction finance facility with leading alternative lender AMP Capital Infrastructure Debt Fund IV. The AMP ...
/ / Other, Renewable Energy
South African Mining Company Plans to Set up a 10 MW Solar Project

South African Mining Company Plans to Set up a 10 MW Solar Project

South Africa-based Marula Platinum Mine has issued a request for information (RfI) for setting up a 10 MW solar project to power its operations. Marula sought information on how to ...
Power Grid To Monetize Transmission Assets of ₹70 Billion via InvIT

Power Grid to Monetize Transmission Assets of ₹70 Billion via InvIT

Earlier this week, state-owned Power Grid Corporation of India (PGCIL) received the Cabinet Committee of Economic Affairs’ approval to monetize its transmission projects through the Infrastructure Investment Trust (InvIT) model ...
/ / Grid, T&D
REC’s Subsidiary the Lowest Bidder with ₹2.58_kWh in SECI’s 10 MW Bagru Solar Auction

REC’s Subsidiary the Lowest Bidder with ₹2.58/kWh in SECI’s 10 MW Bagru Solar Auction

The REC Power Distribution Company Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, announced that it was the lowest bidder in the Solar Energy Corporation of India’s (SECI) e-reverse auction ...
Indian Oil Corporation to Solarize its Retail Outlets, Calls for Vendor Empanelment

Indian Oil Corporation to Solarize its Retail Outlets, Calls for Vendor Empanelment

The Indian Oil Corporation Limited (IOCL) has invited an expression of interest (EoI) for empanelling vendors or lump-sum turnkey contractors for solar projects at its retail outlets under its Punjab ...
/ / Off-grid, Solar
Uttar Pradesh Floats Tender for Off-Grid Solar Products

Uttar Pradesh Floats Tender for Off-Grid Solar Products

The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids for solar street lighting systems, solar projects with battery backup, solar fencing, and solar water heaters in ...
Indian Railways Plans to Set up 20 GW of Solar Projects on its Vacant Lands by 2030

Indian Railways Plans to Set up 20 GW of Solar Projects on its Vacant Lands by 2030

The Indian Railways plans to develop 20 GW of solar projects in its vacant lands to help meet projected consumption requirements of over 33 billion units (BU) by 2030, according to an ...
NTPC Floats EPC Tender for 1,070 MW of Solar Projects in Rajasthan

NTPC Floats EPC Tender for 1,070 MW of Solar Projects in Rajasthan

NTPC Limited has invited bids from engineering, procurement, and construction (EPC) contractors with land for the development of up to 1,070 MW of solar projects in Rajasthan. The last date ...
Noida Floats Tender for 10 MW of Rooftop Solar Projects on its Buildings

NOIDA Floats Tender for 10 MW of Rooftop Solar Projects on its Buildings

The New Okhla Industrial Development Authority (NOIDA) has issued a request for proposal for 10 MW (AC) of rooftop solar projects on its buildings under the RESCO model. The scope ...
Taiwan’s URE Sells its Solar Manufacturing Unit for $35.3 Million

Taiwan’s URE Sells its Solar Manufacturing Unit for $35.3 Million

United Renewable Energy (URE), a Taiwan-based solar cell and module maker, announced its plans to sell one of its manufacturing units in the country to consolidate its production efforts. It ...
Andhra Pradesh Launches Policy to Export Renewable Power to Other States

Andhra Pradesh Launches Policy to Export Renewable Power to Other States

The Government of Andhra Pradesh (GoAP) has announced its Renewable Energy Export Policy 2020 for solar, wind, and wind-solar hybrid projects. The policy aims to promote the export of renewable ...