Vedanta to Source 691 MW of Renewables Through Open Access
The Vedanta Group said it will source 600 MW of solar and 91 MW of hybrid renewable power through open access under the captive mode for its various operations across ...
Energy Firm ENGIE Raises €2.75 Billion Through Green Bonds
France-based energy firm ENGIE said it has raised €2.75 billion (~$2.9 billion) after the successful closing of its triple-tranche green bond issue. The transaction delivered an average coupon rate and ...
Maoneng, Gaw Capital Partner to Develop 1.9 GW of Solar + Storage Projects in Australia
Maoneng Group, a New South Wales-based renewable energy and battery storage developer, has partnered with Hong Kong private equity real estate investor Gaw Capital to set up a joint venture ...
MNRE Notifies BCD and Hike in GST Rates as ‘Change in Law’ Events But With a Condition
The Ministry of New and Renewable Energy (MNRE) has said the imposition of basic customs duty (BCD) and hike in goods and services tax (GST) from 5% to 12% should ...
Record 11 GW of Renewable Projects Awarded in United Kingdom’s Latest Auction
In the biggest auction of renewable energy projects in the United Kingdom, nearly 11 GW of renewable projects were awarded, which is almost twice the capacity auctioned in the previous ...
CERC Issues New Regulations to Boost Renewable Energy Certificates Trading
The Central Electricity Regulatory Commission (CERC) has issued ‘Terms and Conditions for Renewable Energy Certificates for Renewable Energy Generation Regulations, 2022.’ According to the new regulations, renewable energy generating stations, ...
Avaada Energy to Raise ₹14.4 Billion Through AAA-Rated Green Bonds
Renewable energy project developer Avaada Energy has announced that it will raise green bonds worth ₹14.4 billion (~$192 million) at 6.75% in the Indian capital market. According to the company, ...
New Green Hydrogen Policy, Another Step Towards Reaching the Net Zero Emissions Target
In line with the National Hydrogen Mission launched last year, the Ministry of Power announced a 'Green Hydrogen Policy' to help India meet the production target of 5 million tons ...
Ministry of Power Approves 23 New ISTS Projects for Seamless Power Transmission
The Ministry of Power has approved 23 new interstate transmission system (ISTS) projects to augment seamless transfer of power from power surplus regions to power-deficit regions. The estimated cost of ...
PGCIL’s Rajasthan Subsidiary Secures Transmission License for 8.1 GW of Solar Projects
The Central Electricity Regulatory Commission (CERC), in a recent order, has granted a transmission license to Bikaner-II Bhiwadi Transco, a special purpose vehicle of Power Grid Corporation of India (PGCIL), ...
Funding and M&A Roundup: Enphase to Acquire Solar Design Business of DIN Engineering
From: Mercom Capital Group Enphase Energy, a supplier of micro inverter-based solar-plus-storage systems, announced that it has agreed to acquire the Solar Design Services business of DIN Engineering Services, based ...
Tokyo Gas Plans to Issue Green Bonds Worth ¥10 billion
In a first for the company, Tokyo Gas Company Limited plans to issue green bonds through a public offering platform. Tokyo Gas is set to issue the 10-year green bonds ...
India’s NTPC Signs $482 Million Loan Agreement with Japan for Renewable Expansion
India’s largest energy conglomerate NTPC Ltd has entered into a foreign currency loan agreement with the Japanese Government’s financial institution, the Japan Bank for International Co-operation (JBIC). JBIC issued the ...
Power Sector Financier REC Ltd to Increase its Borrowing Limit to ₹4.5 Trillion
REC Ltd, a public infrastructure finance company in India’s power sector, has received the approval to raise its overall borrowing limit to ₹4.5 trillion (~$60 billion). The foreign currency borrowing ...
Renewable Projects Under Development During Lockdown Get Five-Month Extension
The Ministry of New and Renewable Energy (MNRE) has issued a notification saying that all under-development renewable projects as on the date of the lockdown would be given an extension ...
News Highlights from India’s Renewable Sector in January 2020
The beginning of the year 2020 witnessed some exciting developments in the renewable energy sector. There were several major company and government updates in January. Here is a recap of ...
CERC Provides Relief to Wind Developer by Relaxing Provisions of Maharashtra Policy
In an important development, the Central Electricity Regulatory Commission (CERC) has directed the Central Transmission Utility (CTU) to revoke the stage-II connectivity of Toramba Renewable Energy. It has also asked ...
Andhra Pradesh Mulls Reducing Renewable Projects’ PPA Duration from 25 to 5 Years
The Andhra Pradesh Electricity Regulatory Commission (APERC) is considering whether to reduce the duration of the power purchase agreement (PPA) from 25 years to 5 years due to the fall ...
Renewable Energy Projects Received $505 Million in Central Financial Assistance
In a question and answer session in Rajya Sabha, the Minister of Power and New and Renewable Energy, R.K Singh declared the state-wise central financial assistance (CFA) that was released ...
Future Solar Bids to be Coupled with 50 Percent Manufacturing Component: R.K. Singh
Developers of renewable projects will soon be responsible for at least 50 percent of the manufacturing component, news agency PTI reported. "We are going to come out with bigger bids, ...
World Bank to Provide Financial Aid to Pakistan and Madagascar for Renewable Projects
The World Bank has promised over $500 million for two renewable energy projects in Sindh, Pakistan. The projects will help in the development of an economic corridor along the Khyber ...
REC to Increase Loan Disbursements to Renewable Energy Segment in the Coming Years
The Rural Electrification Corporation (REC), a public sector unit of the government of India involved in financing all segments of the power sector, plans to increase loan disbursements for the ...
Four States Accounted for 75 Percent of India’s Utility-Scale Solar Installations in 2017
With the addition of 9.6 GW of new solar capacity, 2017 was a banner year for solar in India. At the end of the year, India’s cumulative solar installations stood ...
Policy Roundup: Important Solar Announcements by Government Agencies in February 2018
During the month of February, several important announcements were made by the government to facilitate the country’s transition toward a more sustainable future. The following are some of the key ...
ADB to Provide $235 Million Loan for Renewable Projects in ASEAN
The Asian Development Bank (ADB) has agreed to provide a $235 million loan to B. Grimm Power Public Company Limited for the expansion of renewable energy projects in the member ...
