PPA for the 250 MW Solar Project in Kadapa Solar Park to be Signed Soon

PPA for the 250 MW Solar Project in Kadapa Solar Park to be Signed Soon

The Power purchase agreement (PPA) for the 250 MW grid-connected solar photovoltaic (PV) project to be developed in Kadapa Solar Park will be signed soon. An Andhra Pradesh State Power ...
/ Markets & Policy, Solar
India Generated 5.3 Billion Units of Solar Power in Q3 2017

India Generated 5.3 Billion Units of Solar Power in Q3 2017, a 91 Percent Increase YoY

Solar accounted for 5.3 billion units (BU) of electricity produced in India during the third quarter (Jul-Sep) of 2017, a 91 percent increase over the third quarter of 2016, according ...
/ Markets & Policy, Solar
Financial Innovation Enables Scatec Solar to Launch Projects Worth Nearly $1 Billion

Financial Innovation Enables Scatec Solar to Launch Projects Worth Nearly $1 Billion

Innovative ways to raise capital, ranging from Islamic Green Bond to climate finance, has enabled Scatec Solar to launch 758 MW of clean energy projects on three continents - Asia, ...
/ Finance and M&A, Solar
Grid-Connected Solar PV Projects Tendered for Cochin Airport

9.9 MW of Grid-Connected Solar PV Projects Tendered for Cochin Airport

CIAL Infrastructures Ltd., a wholly owned subsidiary of Cochin International Airport Ltd., has issued tenders to develop a total of 9.9 MW of grid-connected rooftop solar photovoltaic (PV) projects.  The ...
/ Solar, Tenders & Auctions
Greenko Raises $461 Million Through Sale of Rupee-Denominated Bonds

Greenko Raises $461 Million Through Sale of Rupee-Denominated Bonds

Greenko, a renewable energy project developer, raised ₹30 billion (~$461 million) through the sale of onshore rupee-denominated bonds. The bonds will mature in 2027. The bonds have a call option ...
/ Finance and M&A, Solar
Reliance Money Secures Loan from IREDA for Renewable Energy Projects

Reliance Money Secures ₹3 Billion Loan from IREDA for Renewable Energy Projects

The Indian Renewable Energy Development Agency (IREDA) will provide loan to the tune of ₹3 billion (~$45.7 million) to Reliance Money, a brand by Reliance Commercial Finance Limited, a subsidiary ...
/ Finance and M&A, Solar
EIB to Provide Funding to Indian Renewable Energy Sector

EIB to Provide €800 Million in Funding to Indian Renewable Energy Sector

The European Investment Bank (EIB) will be providing €800 million (~₹61.3 billion) in funding for renewable energy investment across India. This includes renewable energy financing in partnership with the Indian ...
/ Finance and M&A, Solar
REWA Bid

The Four-Tier REWA Payment Security Model Responsible for Low Bids

The Rewa solar park auction heralded the dawn of falling solar tariffs in India with a low levelized bid of ₹3.30/kWh. There are two major reasons for such low tariffs ...
/ Markets & Policy, Solar
MNRE Guidelines VGF

MNRE Amends Guidelines for Solar Viability Gap Funding Program

The Ministry of New and Renewable Energy (MNRE) has amended the guideline for implementation of the Viability Gap Funding (VGF) program for solar under the National Solar Mission (NSM) Phase-II ...
/ Markets & Policy, Solar
NDB China Solar Project

Construction of BRICS Bank Funded 100 MW Rooftop Solar Project Begins in Shanghai

The construction of the 100 MW Shanghai Lingang Distributed Solar Power project has begun in Shanghai, China. The project is being funded by BRICS New Development Bank (NDB) and will ...
/ Rooftop, Solar
Battery Energy Storage BHEL NTPC Tender

BHEL Looking to Partner With a Battery Energy Storage System Manufacturer

Bharat Heavy Electricals Limited (BHEL), an engineering, procurement and construction firm in India, is on the lookout for a battery energy storage system (BESS) manufacturer to form a partnership or ...
/ Solar, Tenders & Auctions
Taj Mahal

National Solar Energy Federation of India Seeks Extension of Solar Project Commissioning Dates in Uttar Pradesh

The National Solar Energy Federation of India (NSEFI) has sought an extension of project commissioning timeline for six solar projects in Uttar Pradesh. The NSEFI wrote a letter to the ...
/ Solar, Utility Scale
Equis Energy 1 GW Solar Project

Equis Energy to Develop a 1 GW Solar Project in Queensland, Australia

Equis Energy, a renewable energy IPP, will develop a 1 GW solar project in Queensland, Australia. The 1 GW project is called Wandoan South Solar Project and Western Downs Regional ...
/ Solar, Utility Scale
NLC

NLC Tenders 20 MW (AC) of Solar with BESS in Andaman & Nicobar

The Neyveli Lignite Corporation (NLC) has tendered two solar projects of 10 MW each with 28 MWh battery energy storage system (BESS) in South Andaman. The bid submission deadline is ...
/ Solar, Tenders & Auctions
FRV 29 Million IFC

Fotowatio Renewable Ventures Raises $29 Million from IFC to Fund 100 MW Solar Projects in Andhra Pradesh

Fotowatio Renewable Ventures (FRV), has raised $29 million (~Rs.1.86 billion) in non-convertible debentures (NCDs) from the International Finance Corporation (IFC) to fund 100 MW of solar projects in India. FRV ...
/ Finance and M&A, Solar
Kurnool

India to Add 1 GW of Solar By the End of April at Kurnool Solar Park in Andhra Pradesh

350 MW is Operational; 650 MW to be Commissioned The entire Kurnool Ultra Mega Solar Park of 1,000 MW capacity is expected to be connected to the grid by the ...
/ Solar, Utility Scale
Karnataka Farmers

140 MW of Solar Commissioned by Farmers in Karnataka

In the Karnataka state, solar projects aggregating 140 MW have been commissioned so far, under farmers program. These projects have been constructed on land held by farmers in the state ...
/ Solar, Utility Scale
Canadian Solar

Canadian Solar Signs PPA with SECI for 80 MW of Solar in Maharashtra

Canadian Solar, a vertically-integrated manufacturer of silicon ingots, wafers and PV cells and modules, and the Solar Energy Corporation of India (SECI) have signed power purchase agreement (PPA) for solar ...
/ Solar, Utility Scale
MNRE VGF

MNRE to Reduce Minimum Solar Project Size Under VGF Program

The Ministry of New and Renewable Energy (MNRE) has proposed amendments to the guidelines for implementation of the Viability Gap Funding (VGF) program, reducing the minimum project size of special ...
/ Solar, Utility Scale
vikram solar

GIPCL Issues Letters of Intent to Vikram Solar to Develop Two Solar Power Projects

The Gujarat Industries Power Company (GIPCL) has issued letters of Intent (LoI) to Vikram Solar to set up two solar power projects of 40 MW each at Charanka solar park ...
/ Solar, Utility Scale
NTPC to Set Up 50 MW of Solar Power Projects with Battery Storage System at Port Blair

NTPC to Set Up 50 MW of Solar Power Projects with Battery Storage System at Port Blair

A Memorandum of Understanding (MoU) has been signed between the National Thermal Power Corporation (NTPC), Andaman & Nicobar Administration, and the Ministry of New and Renewable Energy (MNRE) for NTPC ...
/ Energy Storage, Market & Policy
Suzlon to Set up 45 MW of Solar Projects in Telangana with Canadian Solar and Unisun Energy

Suzlon to Set up 45 MW of Solar Projects in Telangana with Canadian Solar and Unisun Energy

Suzlon, an Indian wind and renewable energy company, announced that it will develop 45 MW of solar projects in Telangana, in partnership with Unisun Energy (15 MW) and Canadian Solar ...
/ Finance and M&A, Solar
NTPC Invites Bids to Develop 8 MW Solar Project in Andaman and Nicobar Islands

NTPC Invites Bids to Develop 8 MW Solar Project in Andaman and Nicobar Islands

The National Thermal Power Corporation (NTPC) has invited bids to develop an 8 MW grid connected solar PV project in the Andaman and Nicobar Islands. This project is part of ...
/ Solar, Tenders & Auctions
Bid-Submission Deadline to Install 10 MW Solar Project at Paradip Port Trust Extended

Bid-Submission Deadline to Install 10 MW Solar Project at Paradip Port Trust Extended

The bid submission deadline to install a 10 MW solar power project at the Paradip Port Trust (PPT) premises in Odisha for self-consumption has been extended to October 7, 2016 ...
/ Solar, Tenders & Auctions
Indian States Submit Proposal to Replace 1 GW of Conventional Energy with Solar

Indian States Submit Proposal to Replace 1 GW of Conventional Energy with Solar

The states of Andhra Pradesh, Bihar, Telangana, Chhattisgarh and Uttar Pradesh (UP) have submitted proposals to the Ministry of New and Renewable Energy (MNRE) to replace a combined 1,067 MW ...
/ Markets & Policy, Solar