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Electricity Act

New RE Already Cheaper Than Operating Coal Plants: Report

A new report has revealed that new renewable energy (RE) is already cheaper than continuing to operate coal plants in much of the world. A new report has revealed that new renewable energy (RE) is already cheaper than continuing to operate coal plants in much of the world. The report “How to Retire Early: Making […]

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OLADE, IRENA put RE at Heart of Economic Recovery in LAC

IRENA and OLADE will boost ties to put the renewables-driven energy transformation at the heart of LAC economic recovery following the COVID-19 outbreak. The International Renewable Energy Agency (IRENA) and the Latin American Energy Organization (OLADE) will boost ties to put the renewables-driven energy transformation at the heart of Latin America and the Caribbean (LAC) […]

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Gulf Energy Invests in 565 MW of Offshore Wind Projects in Germany, Vietnam

Gulf Energy Development has invested in two offshore wind energy projects worth a combined 565 MW capacity in Germany and Vietnam. Thailand-based Gulf Energy Development which is primarily engaged in the energy sector has announced that it has invested in two offshore wind energy projects worth a combined 565 MW capacity in Germany and Vietnam. In Germany, […]

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CFM Partners With Ampyr for 138 MW Wind Energy Project in India

CFM has partnered up with Ampyr Energy for the development, construction and ownership of 138 MW wind projects located in the state of Karnataka, India. Climate Fund Managers (CFM), the manager of the Climate Investor One (CI1) financing facility, has announced that it has partnered up with renewable energy developer Ampyr Energy for the development, […]

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Tender Issued for 25 MW Canal Top Solar Plants in Karnataka

SSCL has tendered for setting up 25 MW solar plants on the Upper Tanga Canal Stretches passing through the Shivamogga City in Karnataka on DBFOT Basis. Shivamogga Smart City (SSCL) has issued a tender, inviting bids from eligible firms for setting up of 25 MW solar PV power plants on the Upper Tanga Canal Stretches […]

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CleanMax Receives Financing From GCPF for Southeast Asia Expansion

GCPF has announced the closure of a transaction, which will enable CleanMax to expand its operations into Southeast Asia, targeting Thailand first. The Global Climate Partnership Fund (GCPF) has announced the closure of a transaction, which will enable Indian commercial and industrial (C&I) solar leader CleanMax to expand its operations into Southeast Asia, targeting Thailand […]

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The Perils Of A High Customs Duty Regime

Every crisis brings an opportunity with it. This is because obstacles considered insurmountable earlier, can become a lot more manageable in the rush of a crisis. India’s government has clearly decided to use the Covid-19, followed by the now bloody border dispute with China, as the opportunity to set things right for manufacturing in India. […]

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Sunrun to Acquire Vivint Solar for Enterprise Value of $3.2 Billion

Sunrun and Vivint Solar have entered into a definitive agreement under which Sunrun will acquire Vivint Solar in an all-stock transaction Sunrun, a leading provider of residential solar, battery storage and energy services, and Vivint Solar, a leading full-service residential solar provider in the United States, have announced that the companies have entered into a […]

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IEX Market Sees 5 Percent Growth to Reach 4790 MUs in June

The electricity market at the IEX witnessed a total trade of 4,790 MUs in June, recording a 5 percent year-on-year increase The electricity market at the Indian Energy Exchange (IEX) witnessed a total trade of 4,790 million units (MUs) in June, recording a 5 percent year-on-year increase despite the national peak demand registering a 10 percent decline during the month. Increased economic […]

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