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Green Energy

Azure Power Taps IBRD (World Bank) Loan to Scale its solar rooftop platform

The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar rooftop platform. Azure Power, an independent solar power producer […]

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Aurora Solar Introduces Financial Analysis to Solar Design and Sales Platform

Aurora’s commercial financial analysis allows installers to compare the returns of any cash, lease, loan, or PPA financing option. Aurora Solar Inc. has added financial analysis to its commercial suite. The company it touting it as industry’s only all-in-one solar design and sales platform for residential and commercial PV systems. Al-Karim Lalani, Lead Engineer of […]

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NIIF Ready to Provide Last Mile Funding to Stressed Projects

The government will set up two sub-funds under the NIIF -one in clean energy fund, which will primarily focus on renewable energy and another with focus on highway projects. The National Investment and Infrastructure Fund (NIIF) is ready to provide last mile funding to stressed projects funded by banks. The issue of funding from NIIF […]

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Renewables are becoming the least cost option in India, Denmark, Egypt, Mexico, Peru and UAE

The cost of renewables is well below equivalent costs for fossil fuel and nuclear generating capacity in India, Denmark, Egypt, Mexico, Peru and UAE Renewables are becoming the least cost option in India, Denmark, Egypt, Mexico, Peru and the United Arab Emirates, a global multi-stakeholder renewable energy policy network said on Wednesday. It said record […]

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KERC accelerating solar projects as demand surges in Karnataka

The KERC has included cross-subsidy charges on solar power from solar farms. Additionally, it has given a 10-year waiver of key grid charges, for solar power projects commissioned before March 2018. Taking cue from Prime Minster Narendra Modi’s ardent appeal in Paris Climate Conference in 2015 to make India a solar-powered nation, the Karnataka Electricity […]

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Solar Irrigating: Farmers not only selling excess power but also saving ground water

Solar Pump Irrigators’ Cooperative Enterprise (SPICE), which began operating in May 2016, not only made a switch from diesel to solar pumps but also adopted net metering – selling excess power to the local electricity utility. Phodabhai Parmar, a 72-year-old farmer, sits on a charpai sipping tea as solar panels gleam in the fields behind […]

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Indian Railways to Reduce Emission by 33 Percent by 2030

The use of renewable sources of energy will be promoted for which a big target has been set to achieve 1000 MW of solar power installed capacities. Going green, the Indian Railways is stepping up efforts to reduce emission by 33 percent in the next 10-12 years through sustained energy efficiency measures and maximum use […]

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ADB and PNB sign $100 million loan to finance Solar Rooftop projects

PNB will use the ADB funds to make further loans to various developers and end users to install rooftop solar systems. The Asian Development Bank (ADB) and the Punjab National Bank (PNB) recently signed a $100 million loan to finance large solar rooftop systems on industrial and commercial buildings throughout India. The loan will be […]

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