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Electricity Act

Power Ministry Plans Another Scheme To Solve The Discom Puzzle

The Ministry of Power has informed that it’s working on a scheme that will help mitigate the financial woes of the Distribution Companies (Discoms) which are unable to pay their dues. This is crucial as the inability of Discoms to pay dues impacts the entire value chain of the power sector. Even the relatively young […]

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Egypt Will Generate 10GW Renewable Energy Next Year

The government of Egypt is looking to expedite the renewable energy projects in the country, with plans to generate about 10,000 MW of solar and other renewable power in 2023 said a government official to media. The government expects the rise in renewable energy production in the coming year as many energy projects will then […]

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RK Singh Urges States To Form Steering Committees On Clean Energy Transition

Union Power Minister RK Singh has asked all chief ministers, and lieutenant governors of Union Territories to set up state-level steering committees for energy transition to reduce carbon emissions. A statement from power ministry reads, “Singh stressed on the role of the state governments for successful implementation of reduction in emission intensity by 45 percent […]

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Shell and Inaccess to deploy Unity Platform in 100MW Hybrid Project

As part of its global push in the renewable energy space, global energy firm Shell has developed a hybrid asset in the Netherlands in collaboration with Inaccess that would help in monitoring and controlling the renewable energy project. The Shell-developed renewable power plant consists of a 50MW photovoltaic power plant and a 50MW wind farm. […]

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Andhra Pradesh And Adani Green Sign 60,000 Cr MoU

Andhra Pradesh and Adani Green Energy signed a Memorandum of Understanding (MoU) on May 23 to set up two mega green energy projects at an estimated cost of Rs 60,000 crore in the State. Besides establishing a 3,700 MV hydro storage project, the renewable energy company will also set up a 10,000 MW Solar Power […]

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GoodLeap Securitizes $467 Million Residential Solar Loan

Leading American Solar loan provider GoodLeap (formerly Loanpal), announced on May 23 the closure of GoodLeap Sustainable Home Solutions Trust 2022-2 following the securitisation of residential solar loans worth $467 million to approximately 11,000 homeowners. Originated on the GoodLeap platform, the securitization was underwritten by Credit Suisse and Goldman Sachs. Tanguy Serra, GoodLeap’s President and […]

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Ireland Auctions 80 New Wind And Solar Projects

Ireland recently auctioned 80 new wind and solar projects amounting to 1.9 GW. Chosen from among 130 renewable energy projects, the 80 new projects were awarded in Ireland’s latest Renewable Energy Support Scheme (RESS 2) auction. Submitted to the auction, 50 projects failed to qualify for state support in spite of totaling 998 MW of […]

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Tata Motors and Tata Power Continue Cooperation To Expand Solar Rooftop With 7 MWp

Continuing with the push towards sustainable manufacturing Tata Power and Tata Motors have joined hands for the development of a 7 MWp solar rooftop project at Tata Motors’ Passenger Vehicle Plant in Chikhali, Pune. This is the third phase of a joint 17 MWp on-site solar project developed by the two companies, of which a […]

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