Funding and M&A Roundup: China Three Gorges Acquires 500 MW of Solar Assets From X-Elio
Here are some of the important funding and M&A updates of last week from the global renewable energy industry: Sembcorp Industries has obtained a $40 million loan facility from DBS ...
PowerGrid Corporation to Separate its Transmission Business
The PowerGrid Corporation of India Limited (PGCIL) has announced its plans to separate its power transmission business to form a 100% subsidiary that will carry out transmission-related functions, as per ...
Andhra Pradesh Proposes Creative New DISCOM-Driven Rooftop Solar Program
Rooftop solar has a promising future in India where land is a scarce commodity. So far, rooftop solar has lagged well behind large-scale projects making up only 12 percent of ...
Interview: Utilities Need to Enable Prosumers for Rooftop Solar to Flourish
Rooftop installations in India are well behind utility-scale installations. Only 2 GW of rooftop solar has been installed as of Q1 2018 out of the 40 GW by 2022 target set ...
India’s Power Utilities’ Ratings Over the Last Year Decline Slightly
The Ministry of Power (MoP) recently released its sixth annual integrated ratings for the state distribution utilities. Out of the 41 utilities that were covered in the report, five utilities ...
ADB to Provide $1.1 Billion Loan to Strengthen Indonesia’s Energy Sector
The Asian Development Bank (ADB) will provide $1.1 billion in loan to Indonesia to diversify and strengthen its energy sector. According to an ADB release, “The Board of Directors today ...
Maharashtra Becomes 17th State to Join UDAY
Maharashtra has joined the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY), becoming the 17th state to do so. The state is estimated to achieve a net benefit of Rs.97.25 billion ...