China Eyes One Belt One Road Initiative to Expand Renewable Energy

China Eyes One Belt One Road Initiative to Expand Renewable Energy

China plans to utilize its ambitious One Belt One Road (OBOR) initiative to expand renewable energy along the economic belt. According to China’s National Energy Administration (NEA), “In the past ...
/ / Other, Renewable Energy
Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million

Suzlon Sells Two Solar Subsidiaries to ReNew Power for ₹297.3 Million

Suzlon Energy Limited (Suzlon) has announced that it will sell two of its solar subsidiaries to Ostro Energy, a wholly owned subsidiary of independent power producer, ReNew Power. The two ...
/ / Finance and M&A, Solar
Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

Independent power producer (IPP), Avaada Energy, has announced that it has secured financing of around  ₹10 billion ($143.8 million) in the form of equity infusion from the Asian Development Bank ...
/ / Finance and M&A, Solar
Venkaiah Naidu Rallies for Smart Grid as a Solution for India’s Renewable Integration

Venkaiah Naidu Rallies for Smart Grid as a Solution for India’s Renewable Integration

At the inaugural function of GRIDTECH 2019, the Vice President of India, Venkaiah Naidu called for the promotion of new and renewable energy on a bigger scale. He said moving ...
/ / Grid, Smart Grid
AfDB to Provide $20 Million for Mini-Grid Solar Projects in Congo

AfDB to Provide $20 Million for Mini-Grid Solar Projects in Congo

The African Development Bank board (AfDB) has announced the approval of a $20 million loan to the Democratic Republic of Congo (DRC). The funding will be used to support the ...
/ / Finance and M&A, Solar
India Installs 8.3 GW of Solar in 2018

950 MW of Solar Projects in Dubai Achieve Financial Closure

The Dubai Electricity and Water Authority (DEWA) and a consortium of Saudi Arabia’s ACWA Power and the Silk Road Fund, which is owned by the Chinese Government, announced the financial closure ...
/ / Markets & Policy, Solar
Suzlon Solar

Suzlon Completes Sale of Two of its Solar Subsidiaries to CLP Wind Farms for ₹990 Million

Renewable project developer Suzlon Energy has announced that it has completed the sale two of its subsidiaries to CLP Wind Farms (India) Ltd (CLP). In a recent filing, Suzlon stated ...
/ / Other, Wind
Sweden’s Trine Helps Finance Greenlight Planet’s Off-Grid Solar Projects in India

ADB to Provide $12.2 Million Financing for Renewable Projects in Africa’s Tonga

The Asian Development Bank has announced that it will provide a $12.2 million financing for renewable energy projects under the Pacific Renewable Energy Investment Facility. This facility was approved by ...
/ / Other, Renewable Energy
Maharashtra Prepares Draft Amendments to Distribution Open Access Regulations

Maharashtra Prepares Draft Amendments to Distribution Open Access Regulations

Following the recently announced draft first amendment to the regulations dealing with transmission of open access in the state by the Maharashtra Electricity Regulatory Commission (MERC), it has done the ...
/ / Markets & Policy, Solar
Maharashtra Issues Draft First Amendment to its Open Access Regulations

Maharashtra Issues Draft First Amendment to its Open Access Regulations

Open Access market once attractive is now almost dead according to many in the industry. Policies get announced regularly followed by constant amendments leading to a final draft that looks ...
/ / Grid, Market & Policy
Need for Green Energy Corridors Grows as Over 64 GW of Renewables are Connected to the Grid

India Needs to Spend $39 Billion on Transmission Infrastructure Revamp

India is one of the fastest growing economies in the world with increasing power demand in the coming years. Historically, the country has also been a power deficit with millions ...
/ / Grid, Grid Optimization
Sweden’s Trine Helps Finance Greenlight Planet’s Off-Grid Solar Projects in India

Sweden’s Trine Helps Finance Greenlight Planet’s Off-Grid Solar Projects in India

Trine, a Swedish investment company that enables individuals to invest sustainably, and Greenlight Planet, a provider of off-grid solar products, have announced the closure of a €1.8 million ($2.36 million) ...
/ / Off-grid, Solar
Green Climate Fund Approves $299 Million for Expansion of Renewable Projects in Africa

Green Climate Fund Approves $299 Million for Expansion of Renewable Projects in Africa

At its 22nd meeting, the Green Climate Fund (GCF) announced the approval of approximately $299.2 million to finance programs for electrification, combating climate change and economic development through renewable energy ...
/ / Other, Renewable Energy
MNRE Extends Implementation Timeline for 40 GW of Solar Parks in India

MNRE Addresses Land, Power Evacuation Issues in its Modification of Solar Park Program

The Ministry of New and Renewable Energy (MNRE) has issued a memorandum proposing modifications to the guidelines issued for its “Development of Solar Parks and Ultra Mega Solar Park Program, ...
/ / Markets & Policy, Solar
Ola Raises $56 Million for Its Electric Mobility Business in India

Ola Raises $56 Million for Its Electric Mobility Business in India

Ola Electric Mobility, a company, backed by Ola, an Indian ride-sharing company, announced that it has raised a sum of ₹400 billion ($56.4 million) led by several of Ola’s early investors ...
/ / Electric Vehicles, Grid
Small Hydro Project Developer in Maharashtra Gets Relief from DISCOM's Non-Compliance

Large Hydro Power Projects Now Officially Categorized Under Renewable Energy Sources

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal put forward by the Ministry of Power to include large hydro power projects over 25 MW under the aegis ...
/ / Other, Water
World Bank Approves $185 Million Loan for 310 MW Renewable Energy Projects in Bangladesh

World Bank Approves $185 Million Loan for 310 MW Renewable Energy Projects in Bangladesh

The World Bank has approved $185 million to facilitate 310 MW of renewable energy generation capacity in Bangladesh to meet the growing demand for electricity in the country. The funding ...
India’s ₹100 Billion Budget to Promote Adoption and Manufacturing of Electric Vehicles

India’s ₹100 Billion Budget to Promote Adoption and Manufacturing of Electric Vehicles

The Union Cabinet has approved the proposal for the implementation of a program titled 'Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)' aimed ...
Solar Developers Complain They Have to Pay GST on Safeguard Duty, Request Reimbursement

Assam Lays Foundation for 70 MW Solar Park Project

Assam Chief Minister Sarbananda Sonowal has laid the foundation stone of the 70 MW Amguri Solar Park in Sivasagar district. The Assam Power Generation Corporation Ltd (APGCL) had issued a ...
Cambodia Invites Bids for a 60 MW Solar Project

Cambodia Invites Bids for a 60 MW Solar Project

Electricite du Cambodge (EDC), an electricity utility in Cambodia has invited bids to implement a 60 MW solar project in the country’s Kampong Chhnang province through an international competitive bidding ...
/ / Solar, Tenders & Auctions
KfW and Bank of Baroda to Refinance Solar Projects in India

KfW and Bank of Baroda to Refinance Solar Projects in India

German development bank, KfW, and Bank of Baroda have announced that they would extend funding of $113 million to refinance solar power projects in India under the Solar Partnership II ...
/ / Finance and M&A, Solar
Maldives Launches a 5 MW Solar Tender to be Developed in Greater Malé

Maldives Launches a 5 MW Solar Tender to be Developed in Greater Malé

The Government of the Republic of Maldives has invited investors and developers to install a 5 MW grid-tied solar photovoltaic system in the Greater Malé Region. The scope of work ...
/ / Solar, Tenders & Auctions
Wind Matches Lowest Solar Winning Bid of ₹2.44/kWh in SECI’s 2 GW Auction

NTPC Invites Bidders to Enlist for Constructing its Wind Projects

NTPC Ltd. has invited online applications from bidders to enlist for its wind energy projects in India. The scope of work includes the detailed design, engineering, micro-siting, manufacture, supply, erection, ...
/ / Other, Wind
transmission project

AES, Mitsubishi and Tata Commission 10 MW Battery Energy Storage System in Delhi

The 10 MW grid-connected system will be owned by AES and Mitsubishi Corporation. Fluence, a supplier of energy storage technology jointly owned by Siemens and AES, supplied the Advancion lithium-ion ...
IREDA Green Masala Bonds

IFC Announces Investment of $75 Million in AC Energy’s Green Bonds

The International Finance Corporation (IFC) has announced that it has committed an investment of $75 million in the first-ever listed green bond issued and guaranteed by AC Energy, the power ...
/ / Markets & Policy, Solar