Agra Air Force Station Announces 1.5 MW Solar Tender to Meet 90% of its Power Needs
The Indian Air Force’s Chief Engineer in Allahabad has issued tender for a 1.5 MW solar project at the Agra Air Force Station. The project is expected to meet up ...
Uttar Pradesh Jal Nigam Launches a 1.8 MW Solar Tender
The Uttar Pradesh Jal Nigam (UPJN), state utility managing water supply and sewerage facilities has announced a tender to develop a 1.8 MW solar project. The rooftop/ground-mounted solar project will ...
Increase in Operational Solar Capacity Takes Adani Green’s Revenue up by 4% in Q3 FY19
Adani Green Energy Limited (Adani Green), a part of Adani Group, today announced its financial performance for the nine months and third quarter ending December 31, 2018. The company announced ...
2019 Begins with a Sharp Decline in Solar Auction Activity
Auction activity was extremely anemic in January with only 135 MW of solar capacity auctioned, a steep decline compared to over 2 GW of capacity that was auctioned in the ...
Asian Development Bank Invests $20 Million in AC Energy’s First Climate Bond
The Asian Development Bank (ADB ) has invested $20 million in the first climate bond issuance of AC Energy, a wholly-owned subsidiary of Ayala Corporation in the Philippines. This will be the ...
Phelan Energy Group Secures Financing for a 86 MW Solar Project in South Africa
Phelan Energy Group has announced that in December 2018, its subsidiary, Solar Capital reached financial close on its third solar project. The project, located in South Africa, has a capacity ...
Power Finance Corporation’s Acquisition of 52% Stake in REC Approved
The Competition Commission of India has announced that it has approved Power Finance Corporation’s (PFC) acquisition of 52% stake in Rural Electrification Corporation (REC). In December 2018, the acquisition received ...
EBRD to Finance a 50 MW Solar Project in Southern Kazakhstan
The European Bank for Reconstruction and Development (EBRD) has announced the financing of a 50 MW solar power project in southern Kazakhstan. The proposed financing package arranged by the EBRD ...
Evolution II Fund Closes $7.47 Million Investment for Solar Projects in Africa
Inspired Evolution, an Africa-focused investment advisory firm that specializes in the clean energy sector, closed a ZAR 100 million ($7.47 million) investment facility by its Evolution II Fund into Commercial ...
Solar’s Share in India’s Total Installed Capacity Rises to 7.9% at the End of 2018
Renewable energy capacity additions continue to increase at a significant pace in India, accounting for approximately 22 percent of India’s power capacity mix at the end of December 2018. India’s ...
AfDB Approves $25 Million Renewable Energy Fund for Projects in Sub-Saharan Africa
The African Development Bank Group (AfDB) has announced an equity investment of up to $25 million in ARCH Africa Renewable Power Fund (ARPF), a $250 million private equity fund that ...
Saudi Arabia Announces 1.5 GW Solar Tender
In line with the country’s National Renewable Energy Programme (NREP), Saudi Arabia’s Renewable Energy Project Development Office (REPDO), has invited expressions of interest for seven greenfield solar PV projects with ...
Germany’s KACO New Energy Sells South Korean Business to OCI Power
KACO new energy GmbH, a German solar inverter manufacturer, has announced that it has entered into an agreement with South Korean chemical and renewable energy group OCI for the sale ...
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 ...
Micro and Mini Grids Could be the Answer to Grid Stability and Reliable Power in India
The demand for electricity in India is expected to continue its rise along with economic growth. Government-run electrification programs like the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) to ...
Tripura University Installs 500 kW Rooftop Solar System
Tripura University, established under the central government of India, has announced that it has installed rooftop solar systems totaling 500 kW at its premises, spread over multiple buildings at the ...
Gujarat Revises RPO Targets for FY 2013-14 Retroactively
The Gujarat Electricity Regulatory Commission (GERC) has revised the state renewable purchase obligation (RPO) for entities in the state for the financial year (FY) 2013-14 retroactively. The order came after ...
AIIM to Invest $31 Million in Off-Grid Solar Solutions Provider BBOXX for a Minority Stake
BBOXX, an affordable clean energy solutions provider to off-grid communities in Africa, has announced that Africa Infrastructure Investment Managers (AIIM), through its AIIF3 fund, is investing $31 million for a minority stake ...
Adani Green Energy Acquires Remaining 51% Stake in Karnataka’s Kodangal Solar Parks
Adani Green Energy has announced the acquisition of a 51 percent equity share capital in Kodangal Solar Parks Private Limited (KSPPL), comprising a 20 MW solar project which was incorporated ...
Scatec Solar Closes Financing for a 47 MW Project in Malaysia
Solar project developer Scatec Solar, along with its partners has closed the financing for a 47 MW Redsol project in northwest Malaysia with a total investment of approximately $47 million ...
Reliance Buys 88% Stake in Renewable Energy Firm Kanoda Energy Systems
Reliance, one of the country’s largest companies, has acquired controlling stake in a renewable energy firm. In a Bombay Stock Exchange (BSE) filing, Reliance Industrial Investments and Holdings Limited (RIIHL), ...
Indian Renewable Energy Sector Received $3.2 Billion in FDI During 2015-2018: DIPP
The Indian renewable energy sector received approximately $3.2 billion in the form of foreign direct investment (FDI) from April 2015 to June 2018, says data released by the Department of ...
Rays Power Infra Raises $28 Million to Expand its Solar Business
Solar developer Rays Power Infra has announced that it has secured ₹2 billion (~$28.4 million) through hybrid debt and equity financing from lender and asset management firm DMI Finance (DMI). The company ...
Emami’s Solar Unit Demerges from its Cement Business
The Kolkata bench of the National Company Law Tribunal (NCLT) has approved the request made by Indian conglomerate Emami Group to demerge its solar power business (Emami Power) from the ...
India Extends $1.4 Billion Aid to Maldives, Joins Hands to Promote Renewables
The President of the Republic of Maldives was on a state visit to India recently. The visit has been fruitful for India’s renewable energy sector as the country has found ...
