World Bank to Assist in  Sustainable Extraction of Minerals for Wind, Solar Projects

World Bank to Assist in Sustainable Extraction of Minerals for Wind, Solar Projects

To realize a lower-carbon future, there will be a substantial increase in demand for several key strategic minerals and metals to manufacture cleaner energy technologies.  Keeping this in perspective, the World ...
Clean Solar Power to Get US$43.3 Million IFC Debt Financing

EBRD and GCF Offer $16.7 Million Assistance for a 30 MW Solar Power Project in Kazakhstan

In line with its policy to support renewables in Kazakhstan, the European Bank for Reconstruction and Development (EBRD) has partnered with the United Nations’ Global Climate Fund (GCF) for the ...
Green Climate Fund Pledges $1 Billion to Fight Climate Change in Developing Countries

ASSOCHAM and REPA Join Hands to Expand Renewable Energy

The Associated Chambers of Commerce & Industry of India (ASSOCHAM) has inked a Memorandum of Understanding (MoU) with the Renewable Energy Promotion Association (REPA) in New Delhi for mutual collaboration ...
/ / Other, Renewable Energy
International Solar Alliance Gets a New Member_ Bolivia

Tata Power Decides to Pull the Plug on Coal-Based Power: Report

In a surprise move, Tata Power, one of India’s largest power producer, has announced that it will not build any new coal-fired power project in the future and majority of ...
/ / Other, Renewable Energy
USTDA Funds Feasibility Study to Assess Viability of a 100 MW Solar Project in Mozambique

China’s Solar Installations Dip 40% YoY to 5.2 GW in Q1 2019

China installed 5.2 GW of solar photovoltaic (PV) capacity in the first quarter (Q1) of 2019. When compared to Q1 2018, this was a nearly 40% decline in installation numbers ...
/ / Markets & Policy, Solar
ADB and ASEAN Announce $1 Billion Green Finance Facility

ADB and ASEAN Announce $1 Billion Green Finance Facility

The Asian Development Bank (ADB) along with Southeast Asian governments and major development financiers has launched the “ASEAN (Association of Southeast Asian Nations) Catalytic Green Finance Facility,” a new initiative ...
/ / Finance and M&A, Other
CEA Asks States to Use 5-10% Biomass Pellets for Power Generation in Thermal Plants

CERC Sets Generic Tariff for Renewable Energy Sources for FY 2019-20

The Central Electricity Regulatory Commission (CERC) has set generic tariffs for the purchase of electricity from a host of renewable energy generation sources during the financial year (FY) 2019-20. The ...
/ / Other, Renewable Energy
Green Climate Fund Approves $299 Million for Expansion of Renewable Projects in Africa

CEA Projects Rise in Share of Renewables in India to 36% by 2021-2022, Coal to Shrink to 26%

With India’s plan to install 175 GW of renewable energy by 2022 grid integration of intermittent renewable energy sources is expected to be a challenge and the Central Electricity Authority ...
/ / Other, Renewable Energy
India Installs 8.3 GW of Solar in 2018

India Installs 8.3 GW of Solar in 2018

The Indian solar market installed 8,263 MW in 2018, down 15.5 percent compared to 9,782 MW in 2017 as the safeguard duty, GST issues, and land and transmission issues took ...
Budget 2019 Fails to Meet Renewable Industry’s Expectations Yet Again

Budget 2019 Fails to Meet Renewable Industry’s Expectations Yet Again

The interim Budget 2019 was announced on February 1, 2019 by the interim Finance Minister Piyush Goyal. Like the previous two years, this year’s Budget also appears to have failed ...
/ / Markets & Policy, Solar
Tata Power’s Renewables Business Profit Jumps to ₹720 million in Q3 FY2018

Tata Power’s Renewable Energy Business Witnesses an Uptick of 9% YoY in Q3 FY19

Tata Power has reported a consolidated profit after tax (PAT) of ₹2,050 million (~$28.9 million) in the third quarter of FY 2018-19. When compared to the consolidated PAT in Q3 2017-18, ...
/ / Markets & Policy, Solar
: Wind, Reverse Auctions, PPA, SECI, ISTS

CERC Proposes Generic Tariffs for Renewable Energy Sources for FY 2019-20

The Central Electricity Regulatory Commission (CERC) has proposed a set of levelized generic tariffs for the purchase of electricity from a host of renewable energy generation sources during financial year (FY) 2019-20 ...
/ / Other, Renewable Energy
More Project Commissioning Delay Cases in Telangana Ruled in Favor of Project Developers

Cabinet Gives In-Principle Approval to REC Ltd’s Takeover by Power Finance Corporation

The Indian government’s Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the takeover of REC Limited (Formerly, Rural Electrification Corporation of India), a public sector enterprise, by the ...
/ / Finance and M&A, Other
RE100 Member Companies to Source 100% Electricity from Renewables By 2026: Report

RE100 Member Companies to Source 100% Electricity from Renewables By 2026: Report

According to a new report published by RE100, its member companies sourced 72 TWh of renewable power in 2017, an increase of 41 percent compared with the preceding year. RE ...
/ / Other, Renewable Energy
Renewables Help Tata Power Increase Its Consolidated Profit After Tax by 85% in Q2 FY19

Renewables Help Tata Power Increase Its Consolidated Profit After Tax by 85% in Q2 FY19

Tata Power’s Q2 FY19 consolidated profit after tax (PAT) was up 85 percent at ₹3.93 billion (~$53.53 million) as compared to ₹2.13 billion (~$29.01 million) in the previous year. Standalone ...
/ / Markets & Policy, Solar
IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

IREDA Announces Gross Income of ₹17.8 Billion in FY 2017-18

The Indian Renewable Energy Development Agency (IREDA) has posted gross income worth ₹17.8 billion (~$0.24 billion) in financial year (FY) 2017-18. This is an approximate growth of 20 percent over ...
/ / Markets & Policy, Solar
USTDA Awards Grant to Study Advanced Energy Storage Technologies in Vietnam

USTDA Awards Grant to Study Advanced Energy Storage Technologies in Vietnam

The United States Trade and Development Agency (USTDA) has awarded a grant to Vietnam Electricity (EVN), Vietnam’s state-owned power company, to examine the feasibility of deploying advanced energy storage technologies ...
/ / Markets & Policy, Solar
Ministry of Power Issues Revised Proposal for Amendments to the Electricity Act

Ministry of Power Issues Revised Proposal for Amendments to the Electricity Act

The Ministry of Power has issued a revised proposal for amendments to the Electricity Act 2003. The revised proposal is open for comments up to October 22, 2018. In the ...
/ / Grid, Market & Policy
Investments into Renewables in India Surpassed Fossil-Fuels in 2017: IEA

Investments into Renewables in India Surpassed Fossil-Fuels in 2017: IEA

Investment into India’s renewable energy sector were more than the investments made in the conventional energy (fossil-fuel based) projects in 2017. This milestone was the first of its kind, according ...
India To Provide $20 million Funding to Suriname for Development of Solar

India To Provide $20 Million Concessional Funding to Suriname for Development of Solar

India will partner with Suriname, a South American country, for cooperation in the field of renewable energy. The President of India, Ram Nath Kovind, announced the upcoming partnership between the ...
/ / Markets & Policy, Solar
Solar Auctions Saw Record Low Bids Globally in 2017: REN21 Report

Solar Auctions Saw Record Low Bids Globally in 2017: REN21 Report

Solar PV auctions around the world in 2017 resulted in bids at new record lows, noted the annual Renewables Global Status Report (GSR) released by Renewable Energy Policy Network for ...
Minister of Power: India Could Install Over 225 GW of Renewables by 2022

Minister of Power: India Could Install Over 225 GW of Renewables by 2022

The Minister for Power, R. K. Singh made a surprising statement today, saying that “India may cross 225 GW of installed renewable energy capacity by 2022.” Minister of Power and ...
has signed a mandate with the government of Uzbekistan to increase its renewable power capacity and encourage private sector investment in Uzbekistan’s renewable energy sector.

IFC Signs Mandate to Foster Uzbekistan’s Renewable Energy Expansion

The International Finance Corporation (IFC), a member of the World Bank Group, has signed a mandate with the government of Uzbekistan to increase its renewable power capacity and encourage private ...
India and France Sign MoU for the Expansion of Renewable Energy

India and France Sign MoU for Expansion of Renewable Energy

India has signed a Memorandum of Understanding (MoU) with France to cooperate in the field of renewable energy. Through the signed MoU, the two countries will work to establish a ...
Renewables a Significant Contributor to Tata Power’s Annual Profit of ₹26.79B for FY 2017-18

Renewables a Significant Contributor to Tata Power’s Annual Profit of ₹26.79B for FY 2017-18

Tata Power’s annual consolidated profit after tax (PAT) stood at ₹26.79 billion (~$401.48 million), up 144 percent when compared with the previous year, the company announced recently. Tata Power’s underlying ...