Solar EPC Contracts Cannot be Composite as per GST, Rules Maharashtra Authority

SECI Announces 100 MW Solar EPC Tender for Telangana’s Singareni Collieries

The Solar Energy Corporation of India (SECI) has announced a tender for the development of 100 MW of solar power projects in Telangana. The scope of work for the tender ...
Brookfield Negotiates with ReneSola for its Distributed Solar Assets in China

Malaysia’s PETRONAS Acquires Singapore’s Distributed Solar Company Amplus Energy

Malaysia’s state-owned oil and gas company, PETRONAS, has announced the acquisition of Singapore-based Amplus Energy Solutions Pte Ltd (M+). In a media statement issued by PETRONAS, the company stated that ...
/ / Finance and M&A, Solar
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
ReNew Power Files for IPO After Raising Over a Billion Dollars in Funding

Solar EPC Company Gensol Plans for IPO

Gensol Engineering Limited (Gensol), a company that provides engineering, procurement, and construction (EPC) and advisory services for solar projects in India, has filed a draft red herring prospectus as part ...
/ / Finance and M&A, Solar
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
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
IFC To Continue Supporting Private Sector Investments in Europe and Central Asia

ADB to Invest $50 Million in Avaada Energy for Expansion of Solar Projects in India

The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital ...
/ / Finance and M&A, Solar
ReNew Raises $375 Million Through Green Bond Issue

ReNew Raises $375 Million Through Green Bond Issue

Indian renewable energy independent power producer (IPP) ReNew Power Limited, has announced that it has successfully concluded a green bond issue of $375 million. Barclays (B&D), Goldman Sachs, HSBC, J.P ...
/ / Finance and M&A, Solar
Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding

Solar Solutions Provider BBOXX Raises $6.78 Million Through Crowdfunding

BBOXX, an off-grid clean energy technology provider, has announced that its funding initiative has reached the €6 million (~$6.78 million) mark. BBOXX was assisted by Trine, a company that helps ...
/ / Finance and M&A, Solar
Siemens Acquires KACO New Energy’s Solar String Inverter Business

Siemens Acquires KACO New Energy’s Solar String Inverter Business

German conglomerate Siemens has announced the acquisition of the string inverter business of the KACO new energy GmbH, a manufacturer of energy-related power electronics, for an undisclosed sum. The project ...
/ / Finance and M&A, Solar
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 ...
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
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 ...
Vedanta’s Odisha Branch Invites Expression of Interest for Procuring Solar Power

Malaysia Launches a 500 MW Capacity Solar Tender

The Suruhanjaya Tenaga (Energy Commission of Malaysia) has issued a 500 MW large-scale solar tender in Peninsular Malaysia. Once commissioned, the solar projects will be connected to the grid and ...
/ / Solar, Tenders & Auctions
NIWE, Solar Energy, Tamil Nadu, IIM, India, Tender

Tender Announced for 2 MW of Solar Projects at IIM Trichy

The National Institute of Wind Energy (NIWE) has launched a tender to develop a 2 MW solar project at the Indian Institute of Management (IIM) in Tiruchirappalli, located in the ...
/ / Solar, Tenders & Auctions
Payment Security Mechanism for Solar Projects under VGF Program Gets ₹5 Billion Fund

Payment Security Mechanism for Solar Projects under VGF Program Gets ₹5 Billion Fund

The Ministry of New and Renewable Energy (MNRE) has announced the guidelines for the payment security mechanism (PSM) for projects allocated under the viability gap funding (VGF) program. This has ...
/ / Markets & Policy, Solar
MERC Approves PPAs for Solar Projects Totaling 235 MW in Maharashtra

Increase in Operational Solar Capacity Takes Adani Green’s Revenue up by 4% in Q3 FY19

Adani Green Energy Limited (Adani Green), a part of Adani Group, today announced its financial performance for the nine months and third quarter ending December 31, 2018. The company announced ...
/ / Markets & Policy, Solar
Phelan Energy Group Secures Financing for a 86 MW Solar Project in South Africa

Phelan Energy Group Secures Financing for a 86 MW Solar Project in South Africa

Phelan Energy Group has announced that in December 2018, its subsidiary, Solar Capital reached financial close on its third solar project. The project, located in South Africa, has a capacity ...
/ / Markets & Policy, Solar
SECI Likely to Issue RfS for 2.5 GW of Solar in Kargil by December 31, 2018

EBRD to Finance a 50 MW Solar Project in Southern Kazakhstan

The European Bank for Reconstruction and Development (EBRD) has announced the financing of a 50 MW solar power project in southern Kazakhstan. The proposed financing package arranged by the EBRD ...
/ / Markets & Policy, Solar
Maharashtra’s Saibaba Trust Issues Tender for 10 MW of Solar Project

UAE-Based Developer Yellow Door Raises $65 Million Investment to Scale Solar Energy

Yellow Door Energy (Yellow Door), a UAE-based solar developer, has announced that it has raised $65 million in a Series A financing round to scale its investments in solar energy and energy ...
/ / Finance and M&A, Solar
BlackRock Real Assets Power and Energy Infrastructure Fund Raises $1.5 Billion

Evolution II Fund Closes $7.47 Million Investment for Solar Projects in Africa

Inspired Evolution, an Africa-focused investment advisory firm that specializes in the clean energy sector, closed a ZAR 100 million ($7.47 million) investment facility by its Evolution II Fund into Commercial ...
/ / Markets & Policy, Solar