Total Global Energy Storage Capacity Could Triple by 2030: IRENA
In a brief prepared for COP24, the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), the International Renewable Energy Agency (IRENA) has underscored the ...
World Bank Helps Chart Plan to Bring Electricity Access to All Kenyans by 2022
The Kenyan government has launched a new program called Kenya National Electrification Strategy (KNES). The ambitious program has been developed in partnership with the World Bank and it aims to provide a ...
World Bank Pledges $200 Billion to Combat Climate Change
Global financial institution World Bank has pledged a corpus of $200 billion for climate action over a five-year period. The World Bank has set this corpus to meet climate targets set by ...
IL&FS Offers to Sell Stakes in its Renewable Energy Assets of Solar and Wind Projects
In a major development, the Infrastructure Leasing & Financial Services Ltd (IL&FS) has announced that it is going to achieve the resolution of the IL&FS group through certain measures, including ...
Sindicatum Renewables Lists Green Bonds On London Stock Exchange
Sindicatum Renewable Energy Company Pte Ltd (Sindicatum), a developer and operator of clean energy projects in Asia, has listed its three guaranteed Indian Rupee (₹) and Philippine Peso (PHP) green ...
European Union to Join Hands with India for the Growth of Sustainable Technologies
The European Union (EU) has issued a joint communication to the European Parliament and the Council through which the EU aims to reinforce EU-India strategic partnership, build a strong partnership ...
Abu Dhabi Fund Commits $50 Million for IRENA-Recommended Renewable Projects
The Abu Dhabi Fund for Development (ADFD) has committed $50 million for renewable energy projects that are recommended by International Renewable Energy Agency (IRENA). The ADFD and IRENA have invited ...
Oman’s PDO Awards 100 MW Solar Project to Marubeni Consortium
Petroleum Development Oman (PDO), a state owned oil producer in Oman, has announced that it has allocated a 100 MW solar project to the Marubeni Consortium, a consortium comprising the ...
NTPC Ties Up with Seven Vehicle Aggregators to Develop EV Charging Network
NTPC Limited has signed a memorandum of understanding (MoU) with a host of vehicle aggregators for the development and utilization of public charging infrastructure across the country. Seven vehicle aggregators namely: Ola, ...
Canadian Solar Withdraws Proposal to Go Private
Solar module manufacturer, Canadian Solar has announced that its chief executive officer Dr. Shawn Qu has withdrawn his bid to take the company private after a special committee established by ...
Mongolia Gets $60.6 Million for Solar-Wind Hybrid Project with Battery Energy Storage
The Asian Development Bank (ADB) has signed a loan agreement with the Government of Mongolia under which it will be providing $60.6 million for distributed renewable energy projects in the ...
Blockchain-Powered Renewable Energy Certificate Trading Platform Opened in Singapore
Singapore’s SP Group, an energy utility group, has launched one of the world’s first blockchain-powered renewable energy certificate (REC) marketplaces at the Association of Southeast Asian Nations (ASEAN) Energy Business ...
Levelized Fixed Cost for Bagasse-based Projects in Telangana to be ₹2.23/kWh
The Telangana State Electricity Regulatory Commission (TSERC) has passed an order regarding the determination of generic tariff for bagasse-based power plants in Telangana for the control period 2018-2020. The commission ...
CDPQ Increases its Stake in Azure Power to 40%
Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, has announced an increase in its stake in Azure Power Global Ltd (Azure Power). Azure Power is a leading ...
IFC to Finance 50 MW Solar Project in Sierra Leone
Sierra Leone’s Ministry of Finance has signed a $40 million agreement with the International Finance Corporation, a sister organization of the World Bank, for the development of a 50 MW ...
Standard Chartered Creates Sustainable Financing Team to Increase Focus on Renewables
To propel its push into emerging markets focused on sustainable financing, Standard Chartered, an international bank listed on the London and Hong Kong Stock Exchanges as well as India’s Bombay ...
Assam Calls for Proposals to Set Up R&D Facility for Renewables
The Assam Energy Development Agency (AEDA) has invited proposals from independent institutions and organizations to set up a research and development (R&D) facility in the state. The facility will be ...
India Contributes $1 Million for Solar Project at UN Headquarters
India has contributed $1 million for the development of a solar project at the United Nations headquarters in New York. The contribution will help reduce carbon footprint and promote sustainable ...
SBI Raises $650 Million Via Green Bonds, Announces Plans for Going Solar
The nation’s largest lender State Bank India (SBI) has raised the first tranche of $650 million through a maiden green bond offering, which is a part of its goal of ...
Phelan Energy Achieves Financial Closure For 50 MW Solar Project in Rajasthan
Phelan Energy Group has announced that it has achieved financial closure for a 50 MW solar project in Rajasthan. The construction of the solar PV project, located at Rajasthan’s Bhadla ...
African Infrastructure Fund Acquires Stakes in South African Solar and Wind Projects
The African Infrastructure Investment Managers (AIIM), one of Africa’s infrastructure-focused private equity fund managers and a member of the Old Mutual Alternative Investments (OMAI), has acquired stakes in nine new ...
Government Approves Scale Up of Access to Clean Energy Program
The Government has approved the launch of "Scale Up of Access to Clean Energy" program for the period financial year (FY) 2018-19 and FY 2019-20. The program is one of ...
Off-Grid Solar Solutions Provider Zola Electric Secures $20 Million Debt Financing
ZOLA Electric, formerly known as Off Grid Electric, an African renewable energy company, has secured $20 million in debt financing from solar-business lender SunFunder. The funding will be utilized to ...
India to Partner with Peru and France to Expand Renewable Energy
The Ministry of New and Renewable Energy (MNRE) has signed two agreements with the Ministry of Energy and Mining of The Republic of Peru and the National Solar Energy Institute ...
CERC Releases Procedural Guidelines for ISTS Connectivity of Renewable Projects
The Central Electricity Regulatory Commission (CERC) has released procedural regulations for granting Inter-State Transmission System (ISTS) connectivity to renewable energy projects. This procedure is being issued in accordance with Regulation ...
