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ILFS close to a deal with GAIL for Wind Assets at Rs 4700 crores

Public Sector Gas Utility GAIL has made the highest offer for the wind assets of scam-hit ILFS In a release from ILFS, the New Delhi based public sector gas major, Gas Authority of India Limited (GAIL) has made the highest binding bid for its wind assets. The deal, if consummated, would include seven wind power […]

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Touchdown – Solar Power Makes a Smooth Landing at Indian Airports

With over 100 operational airports, civil aviation in India has emerged as one of the fastest growing sectors in the country during the last three years. India is currently considered the third largest domestic civil aviation market in the world. India’s passenger traffic grew at 16.52 per cent year on year to reach a whopping […]

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Solar Power Can Convert India’s Energy Poverty to Energy Prosperity

Over a period of one year, Samuday has invested close to Rs 30 crore towards establishing 14 solar mini grids, supplying power to over 900 households in 15 villages. It has also committed another Rs 3 crore to be spent every year over the next five years towards maintaining these grids.   In a bid […]

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Altus Power Acquires 19 MW Operating Solar Portfolio in 3 US States

The company has acquired the portfolio from a lender through a private foreclosure sale. Greenwich- based Altus Power has completed the acquisition of a multi-state 19 MW operating portfolio of ground-mounted solar assets. The company has acquired the portfolio from a lender through a private foreclosure sale. Further, this 19 MW DC portfolio of solar […]

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Swap Kerosene Subsidies for Solar To Improve Power Supply: Report

The Clean Energy Swap, as per the study, supports kerosene to solar swap that will reallocate finances away from kerosene, promoting cleaner lighting fuels for unelectrified or underserved consumers. An independent study by the International Institute for Sustainable Development (IISD) and The Energy and Resources Institute (TERI) shows that switching subsidies from kerosene to off-grid […]

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Sterling & Wilson Solar files for Rs 4,500 crore-IPO with SEBI

The company’s revenue from operations in the first nine months of 2018-19 went up by  83 % to Rs 5,915 crore while net profit jumped 98 % to 343 crore during the period. Shapoorji Pallonji Group’s renewable energy arm Sterling and Wilson Solar today filed Draft Red Herring Prospectus (DRHP) with market regulator Securities and […]

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Lubi Solar to Install Solar Water Pumps in Nagpur, Pune

“The company has been awarded this contract after successful completion of performance test in record time in stringent condition at farmer’s place,” the spokesperson added. Lubi Solar, which is a division of Lubi Electronics, has bagged an order for installation, commissioning and maintenance of Solar Photovoltaic (SPV) water pumping systems in Nagpur and Pune cities […]

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NTPC Issues Tender For 500 kW Rooftop Solar Projects

The last date of bid submission is May 8, 2019. The Kanti Bijlee Utpadan Nigam Ltd. (KBUN), a wholly owned subsidiary of NTPC has issued a tender for the deployment of rooftop solar PV plants on various buildings of plant area of KBUN for the Muzaffarpur Thermal Power Project. The scope of work for the […]

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