Equis Energy Achieves Financial Closure For 127 MW Solar PV Project in Australia

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 ...
/ Finance and M&A, Solar
Coal India Report Acknowledges Solar as a Key Substitute for Coal in India

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 ...
/ Other, Renewable Energy
NTPC May Raise $2.49 Billion to Expand Electricity Generation Capacity

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 ...
/ Markets & Policy, Solar
Solar Power Generation in India Jumped 86 Percent in 2017

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 ...
/ Markets & Policy, Solar
Sindicatum Renewable Energy Raises ₹2.5 Billion Through International Green Bonds

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 ...
/ Markets & Policy, Solar
GIP Closes Record $5 Billion Deal to Buy Equis Energy

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 ...
/ Finance and M&A, Solar
MNRE to Spend $10 Million to Foster Clean Energy Awareness

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 ...
/ Markets & Policy, Solar
KERC Plans to Raise Wheeling Charges for Solar and Wind in Karnataka

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 ...
/ Markets & Policy, Solar
OPWP Announces RFQ for 500 MW Solar Project in Oman

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 ...
/ Solar, Tenders & Auctions
Haryana Issues Financial Assistance Guidelines for Rooftops

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 ...
/ Rooftop, Solar
YES Bank and EIB Announce Renewable Energy Financing Program for India

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 ...
/ Other, Renewable Energy
MNRE Renewable Energy Testing and Certification

MNRE Issues National Lab Policy for Renewable Energy Testing and Certification

The Ministry of New and Renewable Energy (MNRE) has issued a new National Lab Policy (NLP) to improve the quality and reliability of renewable energy projects in India. The policy, ...
/ Markets & Policy, Solar
SAUBHAGYA Electrification Program Launched in Manipur

SAUBHAGYA Electrification Program Launched in Manipur: 1,75,000 Households to Benefit

The Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGYA) program to electrify all willing households in the country in rural as well as urban areas using solar power was launched ...
/ Grid, Smart Grid
ADB to Provide $44.76 Million Grant to Develop 20 MW of Grid-Connected Solar in Afghanistan

ADB to Provide $44.76 Million Grant to Develop 20 MW of Grid-Connected Solar in Afghanistan

The Asian Development Bank (ADB) has agreed to provide a $44.76 million (~₹2.88 billion) grant to help develop 20 MW of grid-connected solar in Afghanistan. The grant was approved by ...
/ Finance and M&A, Other
MNRE to Tender 17 GW of Solar and Over 3.5 GW of Wind Projects by March 2018

MNRE to Tender 17 GW of Solar and Over 3.5 GW of Wind Projects by March 2018

Following a recent lull in tender activity, the Ministry of New and Renewable Energy (MNRE) is preparing to announce a spate of tenders for solar projects in the coming four ...
/ Markets & Policy, Solar
India Generated 5.3 Billion Units of Solar Power in Q3 2017

India Generated 5.3 Billion Units of Solar Power in Q3 2017, a 91 Percent Increase YoY

Solar accounted for 5.3 billion units (BU) of electricity produced in India during the third quarter (Jul-Sep) of 2017, a 91 percent increase over the third quarter of 2016, according ...
/ Markets & Policy, Solar
india new power generation capacity

Solar and Wind Account for Over 60% of New Power Capacity Additions in India as of 9M 2017

Solar and Wind accounted for majority of new power capacity additions with renewable energy installations accounting for almost 19 percent of the country’s total installed power as of September 30, ...
/ Uncategorized
MERC Forecasting Scheduling Deviation Settlement

MERC to Come Out with Regulations for Forecasting and Deviation Settlement of Solar Generation

The Maharashtra Electricity Regulatory Commission (MERC) is preparing draft regulations for the forecasting, scheduling, and deviation settlement of solar and wind generation in the state. It noted that the process ...
/ Grid, Utilities
Renewable Energy Development

ISA and EBRD Enter Partnership to Support Renewable Energy Development

The International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed a joint financial partnership declaration that deepens their cooperation in support of renewable energy ...
/ Markets & Policy, Solar
Green Initiatives and Railway Electrification

Indian Railways to Shift the Energy Mix Toward Renewable Sources

The International Conference on Green Initiatives and Railway Electrification has opened to a discourse on green initiatives, electrification, and decarbonization of the Indian Railways using renewable energy as a critical ...
/ Markets & Policy, Solar
ADB Approves Loan for Wind Project in Sri Lanka

ADB Approves $200 Million Loan for 100 MW Wind Project in Sri Lanka

The Asian Development Bank (ADB) has agreed to provide a $200 million loan with a sovereign guarantee to the Ceylon Electricity Board to develop the first 100 MW wind park ...
/ Other, Wind
IREDA Green Masala Bonds

IREDA Raises $300 Million through Green Masala Bonds

The Indian Renewable Energy Development Agency (IREDA) raised $300 million (~₹19.5 billion) through the issuance of Green Masala Bonds on the Singapore Exchange (SGX). The agency issued a five-year green ...
/ Finance and M&A, Solar
Reliance Money Secures Loan from IREDA for Renewable Energy Projects

Reliance Money Secures ₹3 Billion Loan from IREDA for Renewable Energy Projects

The Indian Renewable Energy Development Agency (IREDA) will provide loan to the tune of ₹3 billion (~$45.7 million) to Reliance Money, a brand by Reliance Commercial Finance Limited, a subsidiary ...
/ Finance and M&A, Solar
MNRE Issues Draft Technology

MNRE Issues Draft Technology Development and Innovation Policy for New and Renewable Energy

With the Indian renewable sector lacking new technology development, The Ministry of New and Renewable Energy (MNRE) has issued a draft Technology Development and Innovation Policy (TDIP) for New & ...
/ Markets & Policy, Solar
India Renewable Energy September 2017

India Renewable Energy News and Policy Roundup for September 2017

Several important renewable energy policies especially in solar were announced last month in India. Notable news was the Rewa payment guarantee announcement from Madhya Pradesh. State Agencies The Rajasthan Renewable ...
/ Markets & Policy, Solar