Globeleq Announces Financial Closure for its 40 MW Solar Project in Kenya
Globeleq, an energy company focused on Africa has announced the financial closure of a 40 MW Malindi Solar photovoltaic project in Kenya. The company has also announced that it has ...
Gross Tariff of ₹4.49/kWh to Apply for Solar PV Projects in Uttarakhand
The Uttarakhand Electricity Regulatory Commission (UERC) has issued benchmark tariffs and capital costs for solar power projects in the state. The commission had issued draft regulations in December 2018 and ...
Solar Project Developer KPI Global Acquires a New Special Purpose Vehicle
In a filing to the Indian stock exchanges, Gujarat-based KPI Global Infrastructure (KPI Global) has announced the acquisition of KPIG Energia Private Limited, a newly-formed special purpose vehicle registered on ...
ISA Invites Member Countries to Endorse Organizations for Developing Solar Projects
In a letter to member countries, the International Solar Alliance (ISA) has invited government owned/public sector companies which have an operating solar capacity greater than 250 MW to submit proposals ...
Maharashtra Commission Rejects Solar Power Developer’s Petition for GST Compensation
Independent solar power producer Azure Power’s petition to Maharashtra Electricity Regulatory Commission (MERC), requesting to order Maharashtra State Power Generation Company (MSGPCL or MAHAGENCO) to compensate the company for the ...
MNRE Asks Developers to Use Robotics for Efficient Use of Water in Solar Projects
The Ministry of New and Renewable Energy (MNRE) has issued a letter recommending efficient utilization of water for cleaning utility-scale solar projects. The ministry has said that project developers are ...
A Three-Member Consortium to Develop an 800 MW Hybrid Solar Project in Morocco
A consortium of EDF Renewables, Abu Dhabi Future Energy Company (Masdar) and Green of Africa has emerged as the winner of a tender for the design, financing, construction, operation, and ...
Mitsui to Acquire 49% Stake in Mahindra Group’s Cleantech Arm
Japanese trading and investment company Mitsui & CO Limited (Mitsui) has announced that it has entered into an agreement with Indian engineering, procurement, and construction company (EPC), Mahindra Susten, to ...
China Allocates $435 Million for Solar Project Subsidies in 2019
China’s National Energy Administration (NEA) has confirmed that it will allocate approximately RMB 3 billion ($435 million) for solar projects this year. This is the first time that the country ...
India the Lowest Cost Producer of Solar Power: IRENA
According to a report by the International Renewable Energy Agency (IRENA), the cost of renewable energy sources fell to record lows again in 2018. The report finds that costs from ...
Tata Power’s Solar EPC Order Book Reached ₹13.60 Billion in FY 2018-19
Tata Power has announced its annual results for FY 2018-19. The company’s income statement shows that its consolidated FY19 revenue was up 12% at ₹294.93 billion (~$4.25 billion) as compared ...
JinkoSolar Bags 10.7 GW of Orders in 2019, Announces Mono Wafer Capacity Expansion of 5 GW
Chinese solar module, cell, and wafer manufacturer, JinkoSolar, has announced that it has already received orders of 10.7 GW for the current year. The company also announced that it is ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
