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Power Purchase Agreement

Andhra Pradesh Announces Financial Assistance for Solar Rooftop Plants

Andhra Pradesh Eastern Power Distribution Corporation Limited (APEPDCL) announced last week that residential customers interested in installing grid-connected rooftop solar (RTS) plants would now be entitled to receive central financial assistance. The Ministry of New and Renewable Energy (MNRE) has sanctioned 8MW capacity in the residential sector under Phase II of the RTS program for […]

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Russian Yandex Signs 5-year Wind PPA with Finnish Ilmatar Energy

Yandex, a Russian internet company, has signed a 5-year power purchase agreement (PPA) for wind energy with Finnish renewable energy company Ilmatar Energy. Under the contract, Yandex will source renewable electricity from wind farms operated by Ilmatar to cover 100% of the energy needs for the company’s Mäntsälä data center in Finland. Delivery of renewable […]

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Crossover Energy Partners Teams Up with KKR for Clean Energy Projects

Crossover Energy Partners works exclusively as the energy transition solutions partner for KKR. Yesterday the firm that supports renewable energy projects, has announced an exclusive partnership with the leading global investment firm, KKR. Working as the exclusive energy transition solutions partner for KKR, Crossover will oversee the origination, development, financing, construction, and long-term operation of […]

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MNRE Extends Commissioning Date of RE Projects Due to Covid-19

As the nation is struggling to overcome the second wave of the Covid-19, various sectors have been affected along with several projects which couldn’t get commissioned on their stipulated dates. One of them is the Renewable Energy (RE) sector and the RE projects, and now the Ministry of New and Renewable Resources (MNRE) has extended […]

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Lightsource bp Invests in 703 MW Spanish Solar Projects

Europe’s largest solar developer Lightsource bp has invested 475 million euros (USD 566 million) to acquire a pipeline of three solar projects in Spain from Spanish company Grupo Jorge. The three projects totaling 703 MW are located in Aragon. Aragon is a landlocked region in northeastern Spain comprising the provinces of Huesca, Zaragoza, and Teruel. […]

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“India Is Key To Doubling EDF’s RE Capacity By 2030”, Harmanjit Nagi

The Euro 69 Billion French energy major EDF is one of the few unapologetic champions of nuclear energy, seeing it as a critical support for the world to achieve its climate ambitions. The firm produces over 75% of its energy from nuclear power, with a recent focus on other renewable sources too. In India, the […]

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ACME Signs Deal With Brookfield Renewable for 450MW Solar Project

One of the largest solar power developers in India, ACME Solar Holdings Ltd. has announced signing a deal with Brookfield Renewable,  an owner and operator of renewable assets, for a 450 MW solar power project in Rajasthan, India.  Brookfield Renewable is one of the world’s largest investors in renewable power, with approximately 21,000 megawatts of […]

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The Maldives Opens Pre-qualification For 11-14 MW Solar PV Tender

Under World Bank-supported Accelerating Renewable Energy Integration and Sustainable Energy (ARISE) project, the Maldives has opened pre-qualification for a solar PV tender of 11-14 MW capacity range. This PV installation project covers hybridisation of fourteen island grids which currently rely almost entirely on diesel for power generation. Interested developers can submit applications for pre-qualification on or before 1 […]

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“Policymakers Must Incentivise States to Phase Out Old Thermal Plants and Adopt RE to Replace Them,” – Anand Desai, Managing Director, Anupam Rasayan

Gujarat-headquartered chemical manufacturing company Anupam Rasayan announced last month that it had invested Rs 43 crore to set up a 12.5 MW captive solar power plant to help the company rationalise energy costs through an estimated saving of around Rs 10 crore per annum for the next 25 years. The firm, which has completed a […]

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