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ADB Granted Nearly USD 4 Bn in Sovereign Loans and Co-Financing to India in 2018

The Asian Development Bank (ADB) committed to providing nearly USD 4 billion in sovereign loans to India in 2018, the highest level of assistance since sovereign operations began in the country in 1986, said the annual report of the multilateral lending agency. In total, ADB, owned by 68 member countries, committed a total of USD […]

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Mumbai Housing Complex Goes Solar, To Reduce Electricity Bill by 70%

This would be the equivalent of reducing 140 diesel cars a month and around 1,700 such cars a year from Mumbai’s roads. In what is, perhaps, the largest renewable energy project in the city, a housing society in the Mumbai suburbs is looking at cutting its electricity bill by 70% by generating 700-kW solar energy […]

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Tamil Nadu Issues New Guidelines For Net Metering of Rooftop Solar Consumers

The Tamil Nadu Electricity Regulatory Commission (TNERC) in its latest order has issued new guidelines for net metering of rooftop solar plants in the state as a part of its state solar policy. The state passed its solar policy the ‘Tamil Nadu Solar Policy 2019’ earlier in February this year. The Policy was launched with […]

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Interview with Rajendra Kumar Parakh, CFO, Vikram Solar

Availability of Domestic Finance at Viable Cost is Still a Distant Dream The only challenge that we can foresee is in terms of availability of finance and cost of finance available for renewable energy sector. Sources of finance for both solar manufacturing industry and solar deployment industry are scarce, a large part of funding comes […]

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Reliance Issues EoI For Procurement of Renewable Power

The last date for bid submission is March 25, 2019. Reliance Industries Limited (RIL) has invited Expression of Interest (EoI) for procurement of renewable energy from Generators, IPPs, DISCOMS, CPPs & Traders having valid Inter/Intra State Trading License issued by CERC or SERC for interstate and/or intrastate trading of energy for meeting its RPO. The […]

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Coming up. A 100 MW Solar Park in Bangladesh with Saudi backing

The AlFanar Group, a leading Saudi construction and manufacturing conglomerate, has agreed to provide a $100 million worth of financing for an upcoming solar project in Bangladesh. Financing has been a challenge for  developers in Bangladesh, with projects struggling due to inability of the developers to raise funding.The Riyadh-based Alfanar signed a Memorandum of Understanding […]

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TERI Signs MoU With WAPCOS For Collaboration on Water, Power and Infrastructural Development Opportunities

TERI and WAPCOS to jointly implement innovative approaches in areas of Water Resources, Power and Infrastructure sectors. The Energy and Resources Institute (TERI), India’s leading think tank and WAPCOS, a consulting organisation and public sector undertaking under the Ministry of Water Resources, River Development and Ganga Rejuvenation, have signed a MoU (Memorandum of Understanding) to […]

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Siemens Gamesa Signs 48 MW Wind Turbine Agreement in Bosnia

The deadline for commissioning the project is 21 months and the expected annual production is from the wind farm upon completion is around 130 GWh. Siemens Gamesa has signed a $78.4 million agreement with the Bosnian public electric utility company (EPBiH) to supply 15 wind turbines for a future wind farm. The wind power company […]

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Retrofit Transmission Lines and Wind Turbines to Avoid Bird Collision : MNRE

Transmission agencies and wind energy developers may identify critical power transmission lines and wind energy farms passing through the GIB habitats and accordingly take up risk mitigation measures against bird hits. The Ministry of New and Renewable Energy (MNRE) has issued an order with compliance to the Ministry of Environment, Forest and Climate Changes (MOEF&CC) […]

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