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 ...
Diu Smart City Becomes First in the Country to Run On 100% Renewable Energy During Daytime
The Diu Smart City has become the first in the country to run on 100 percent renewable energy during daytime hours. Diu had been importing 73 percent of its power from ...
UN Report: India Ranked Fourth for New Investments in Renewable Energy in 2017
Developing countries increased their renewable energy investments by more than $74.3 billion to $177.1 billion in 2017, according to a new report by UN Environment in collaboration with the Frankfurt ...
CERC Issues Guidelines for Accreditation of Entities Under the REC Mechanism
The Central Electricity Regulatory Commission (CERC) has issued model guidelines for the accreditation of renewable energy projects or distribution licensees (DISCOM) by state agencies under the Renewable Energy Certificate (REC) ...
India Enters Bilateral Agreements with Fiji and Greece to Grow Renewables
After initiating and founding the International Solar Alliance (ISA) jointly with France, India is now entering bilateral agreements with various countries to further the development of renewable energy generation and ...
February 2018 Highlights: Major Developments in India’s Renewable Energy and Solar Sector
After a busy month of January, the month of February was relatively quiet and the uncertainties plaguing the sector around trade issues continued. Even the highly anticipated budget turned out ...
Delhi Releases Draft Energy Conservation Building Code to Facilitate Rooftop Solar
The Delhi government has released its draft Delhi Energy Conservation Building Code (ECBC) 2018. The draft ECBC aims to create minimum requirements for the energy-efficient design and construction of commercial ...
Equis Energy Achieves Financial Closure For 127 MW Solar PV Project in Australia
Equis Energy, a renewable energy independent power producer (IPP), has achieved financial closure for the 127 MW Tailem Bend solar photovoltaic (PV) project in southern Australia. The construction work for ...
Coal India Report Acknowledges Solar as Key Substitute for Coal in India
A new report sheds light on the increasing significance of renewable sources, especially solar, which could soon become key substitutes for coal-fired power in India. The Coal Vision 2030 report ...
NTPC May Raise $2.49 Billion to Expand Electricity Generation Capacity
The National Thermal Power Corporation (NTPC) may hit the market next year to raise ₹160 billion (~$2.49 billion) for the expansion of its electricity generation capacity. According to a report by ...
Solar Power Generation in India Jumped 86 Percent in 2017
India’s increasing efforts towards expansion of renewable energy have led to a substantial increase in solar power generation over the past year. In the calendar year 2017, the total solar ...
Sindicatum Renewable Energy Raises ₹2.5 Billion Through International Green Bonds
Sindicatum Renewable Energy, a Singapore-headquartered renewable energy company, has raised ₹2.5 billion (~$39.3 million) through the sale of rupee-denominated international green bonds. The bonds were issued in two tranches and ...
GIP Closes Record $5 Billion Deal to Buy Equis Energy
Investment fund Global Infrastructure Partners (GIP) has closed on a deal to acquire a 100 percent stake in renewable energy project developer Equis Energy. The total transaction value of $5 ...
MNRE to Spend $10 Million to Foster Clean Energy Awareness
The Ministry of New and Renewable Energy (MNRE) is planning to spend ₹660 million (~$10.3 million) over the next two financial years on increasing renewable energy awareness in India. “The ...
KERC Plans to Raise Wheeling Charges for Solar and Wind in Karnataka
The Karnataka Electricity Regulatory Commission (KERC) has released a discussion paper that calls for increasing the wheeling and banking charges for solar, wind and other renewable energy projects developed under ...
OPWP Announces RFQ for 500 MW Solar Project in Oman
The Oman Power and Water Procurement Company (OPWP) has announced a Request for Qualification (RFQ) for a 500 MW utility-scale solar project in in the country. Oman’s first utility-scale solar ...
Haryana Issues Financial Assistance Guidelines for Rooftop Solar Projects
The Renewable Energy Department of Haryana has issued new guidelines for the installation of rooftop solar projects in the state. The guidelines will apply to all rooftop solar projects with ...
YES Bank and EIB Announce $400 Million Renewable Energy Financing Program for India
YES Bank, one of the largest private sector banks in India, has collaborated with the European Investment Bank (EIB), the European Union's non-profit long-term lending institution, to formulate a renewable ...
