IL&FS Sells Seven Wind Power Subsidiaries Totaling 873 MW to Japan’s Orix
Orix, a financial services group headquartered in Tokyo, has announced that it will acquire 51% stake in seven wind power generating subsidiaries which it jointly owns with Infrastructure Leasing & ...
Power Grid to Build Transmission Network in Gujarat & Rajasthan to Evacuate Renewables
The Power Grid Corporation of India Limited (PGCIL) has won two contracts to set up transmission infrastructure to evacuate power generated from renewable projects. PGCIL emerged as the successful bidder ...
South Korea to Build World’s Largest Floating Solar Power Project
South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) has announced for the development of a 2.1 GW of floating solar power projects. After its completion, the project will be ...
SECI Floats a 1.5 GW Solar Tender Under Second Phase of CPSU Program
The Solar Energy Corporation of India (SECI) has issued a tender for the selection of solar power developers to develop of 1,500 MW of solar photovoltaic (PV) projects under the ...
Maharashtra Announces Tender for 137 MW of Solar Projects Across Three Districts
The Maharashtra State Power Generation Corporation (MAHGENCO) has issued a notice inviting bids for the development of 137 MW (AC) of solar projects in three districts. The scope of work ...
AIIB to Provide $100 Million Loan to L&T for Solar and Wind Projects Financing in India
The Asian Infrastructure Investment Bank (AIIB) has announced that it will provide a $100 million loan to L&T Infrastructure Finance Company Limited (LTIF). The loan proceeds will be used to ...
Nearly 10 GW of Renewable Capacity Added to Green Energy Corridor: RK Singh
The Government of India has been working for a while now to expedite the implementation of transmission infrastructure for the evacuation of power from renewable energy projects. To accelerate the ...
Bangladesh Invites Companies to Fund and Develop 100 MW of Solar Projects
Bangladesh’s Power Development Board has issued a notice for a tender to select sponsors (companies that will fund and develop the project) for the implementation of two grid-tied solar projects ...
UAE Signs MoU with IRENA to Introduce Renewable Energy Studies in its Education System
The UAE Ministry of Education plans to introduce training initiatives around low-carbon forms of energy into its national education system. A Memorandum of Understanding (MoU) has been signed between Hussain ...
Is Group Captive the Next Attractive Solar Market in 2019?
On paper, the open access solar is an attractive source of power for large consumers (with a connected load of more than 1 MW). It allows them to procure solar ...
Power Finance Corporation Raises $300 Million Through Syndicated Loan
The Power Finance Corporation (PFC) has announced that it has raised $300 million through a three-year syndicated loan from the State Bank of India, Honk Kong and MUFG Bank, Singapore ...
Harsh Penalties for Deviation Settlement is Playing Havoc with Solar, Wind Projects
India is one of the leading markets for renewable energy generation in the world. It was the third largest solar photovoltaic (PV) market in the first quarter of 2019 behind ...
Singapore’s Sunseap Receives $43 Million Green Loan to Install 210 Rooftop Solar Systems
Sunseap Group, a Singapore-based renewable energy firm, has secured a $43 million green loan from the United Overseas Bank Limited (UOB) to increase the reach of solar power in the ...
Siemens Gamesa Begins Operation of its 130 MWh Thermal Energy Storage System
Renewable energy developer and wind turbine manufacturer, Siemens Gamesa Renewable Energy (SGRE) has started the operation of its electric thermal energy storage system (ETES). The newly-opened pilot project in Hamburg-Altenwerder ...
BHEL Bags Two EPC Orders for 200 MW of Solar Projects Worth ₹8 Billion
Bharat Heavy Electricals Limited’s (BHEL), a public sector undertaking (PSU) involved in the manufacturing of electrical equipment, has won two engineering procurement and construction (EPC) orders for setting up solar ...
Maharashtra Retenders 750 MW of Solar for Agricultural Feeders Due to Lack of Response
The Maharashtra State Power Generation Company (MAHAGENCO) has retendered 750 MW of grid-connected solar photovoltaic (PV) projects to cater to the agricultural (AG) feeder load of various substations across the ...
IPGCL Issues Tender for 21.5 MW of Rooftop Solar Projects in Delhi
The Indraprastha Power Generation Company (IPGCL) has invited bids for the development of rooftop solar projects in Delhi, totaling 21.5 MW. Out of this capacity, 1.5 MW will be developed ...
Off-Grid Solar Solutions Provider Oorja Wins $100,000 for Installing Solar Pumps
Oorja Development Solutions has won the Cisco Global Problem Solver Challenge for its community solar pumping systems implemented in rural India through the pay-as-you-go (PAYGO) business models. The cash prize ...
Gross Tariff of ₹4.49/kWh to Apply for Solar PV Projects in Uttarakhand
The Uttarakhand Electricity Regulatory Commission (UERC) has issued benchmark tariffs and capital costs for solar power projects in the state. The commission had issued draft regulations in December 2018 and ...
Industry-Wide Consultation Necessary Before Launching a Plan for Transition to EVs: CII
The Confederation of Indian Industry (CII) has called stakeholders from across the transportation and renewable energy sectors for a consultation on the future of intelligent mobility in the country. CII ...
RK Singh Rallies for Removal of Priority Sector Lending Limit for Renewable Projects
Union Power Minister R.K. Singh held a meeting recently in the national capital to review the issues affecting the renewable energy sector. The meeting was attended by various stakeholders including ...
Maharashtra to Renegotiate Tariffs for 1,170 MW of Auctioned Solar Projects
The Maharashtra Electricity Regulatory Commission (MERC) has ordered Maharashtra State Electricity Distribution Company Limited (MSEDCL) to renegotiate tariffs with solar developers for projects allocated to them. In this case, MSEDCL ...
Average Power Purchase Cost for Open Access Solar and Wind Projects Set At ₹3.60/kWh
The Central Electricity Regulatory Commission (CERC) has approved the new national average power purchase cost (APPC) of ₹3.60 (~$0.051)/kWh for open access for FY 2019-20. In May 2019, the CERC ...
ISA Invites Member Countries to Endorse Organizations for Developing Solar Projects
In a letter to member countries, the International Solar Alliance (ISA) has invited government owned/public sector companies which have an operating solar capacity greater than 250 MW to submit proposals ...
Maharashtra Commission Rejects Solar Power Developer’s Petition for GST Compensation
Independent solar power producer Azure Power’s petition to Maharashtra Electricity Regulatory Commission (MERC), requesting to order Maharashtra State Power Generation Company (MSGPCL or MAHAGENCO) to compensate the company for the ...
