SUBSCRIBE NEWS LETTER

Electricity Market

Credit Fair & UTL Solar Unite to Offer Solar Rooftop Installation Financing Solutions

Credit Fair, a consumer lending fintech startup, has joined forces with solar inverter firm UTL Solar, to offer collateral-free affordable financing solutions to enable individuals, MSMEs, housing societies and trust associations in setting up solar rooftop solutions. The collaboration is a part of Credit Fair’s mission to facilitate solar energy adoption across the country without […]

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Goldi Solar, Desert Technologies Sign MoU To Expand RE 

Indian Solar module manufacturer Goldi Solar has signed a Memorandum of Understanding (MoU) with Desert Technologies, a solar PV and smart infrastructure holding company based in Saudi Arabia. The two firms have planned to use this partnership to boost the expansion of renewable energy in India and Saudi Arabia.  The MoU, part of the India-Saudi […]

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KREDL Issues Tender for Consultancy Services for 500 MW Solar Park

Karnataka Renewable Energy Development Limited (KREDL) intends to develop a solar park of 500 MW AC in Aurad taluk, Bidar District, Karnataka under ISTS mode and requires consultant services for the same. The Central Electricity Authority (CEA) has finalized the location in Malegaon village of Aurad Taluk for establishing 765/400/220kV Bidar Pooling Station. The last […]

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Djibouti Launches Maiden Wind Farm with 60 MW Capacity

Djibouti, located on the Horn of Africa, has launched its maiden wind farm- the 60 MW Red Sea Power (RSP) project. This is the key international investment in Djibouti’s energy. The project, valued at US$122 million, has put in place Djobouti’s first Independent Power Producer (IPP). The investors responsible for the said project are mulling […]

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FuturEnergy JV & Greencoat Renewables Unite for Onshore Wind in Ireland

A joint venture by ESB and Coillte, FuturEnergy Ireland, has joined hands with Greencoat Renewables for its pipeline of onshore wind projects exceeding 1 GW. Over 500 MW is expected to sold to Greencoat by decade end by way of a strategic framework structure. Greencoat Renewables will be able to undertake acquisition for project stakes […]

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Shell Secures 600 MW Solar Project in Germany

Energy conglomerate Shell has joined hands for a Power Purchase Agreement with Hansa Invest Real Assets to acquire a German solar project of 600 MW capacity. HANSAINVEST Real Assets is a subsidiary of German insurance company SIGNAL IDUNA and manages over €7 billion in real estate and infrastructure assets across Europe. Microsoft has already secured […]

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Hitachi Energy Wins Order from Ayana Renewable Power for 300 MW Solar Project

Hitachi Energy India Limited (Hitachi Energy) has won a contract from Ayana Renewable Power, an Independent Power Producer in the country, to provide a grid connection solution for their upcoming 300-megawatt (MW) solar photovoltaic power plant in Bikaner, Rajasthan. Hitachi Energy has been working closely with Ayana Renewables for this project to co-create an optimized […]

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India On A Right Track Towards Net-Zero But Need Finances: Report

A new report by Brusels-based think tank Strategic Perspectives compared the performance of five major economies- US, China, EU, India and Japan on zero carbon technologies. The report compared the performance of these five major economies on manufacturing, deployment and investment in key decarbonization technologies like renewable energy, and electric vehicles (EVs), as well as the […]

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Drop In Solar Costs Put At 3% by IRENA for 2021-22 Period

The International Renewable Energy Agency (IRENA) has published a report into the cost of producing power in 2022, putting the drop in levelised cost of electricity (LCOE) in the solar PV sector at 3% in 2022, and 89% between 2010 and 2022. The findings will be no surprise to industry insiders, considering how the drop […]

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