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Power Purchase Agreement

SECI Issues RfS for 1.2 GW of ISTS Wind-Solar Hybrid Projects

SECI has issued a tender for setting up ISTS-connected wind-solar hybrid power projects in India, for an aggregate capacity of 1.2 GW. The Solar Energy Corporation of India (SECI) has issued a tender, inviting proposals from eligible bidders for setting up ISTS-connected wind-solar hybrid power projects in India (Tranche-IV), on a Build Own Operate (BOO) […]

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GIP’s Indian Arm Vector Green Gets CRISIL AAA Rating for Solar Portfolio

Vector Green Energy, the Indian renewables platform wholly owned by fund manager Global Infrastructure Partners (“GIP”) in India, has been awarded the highest rating of ‘AAA/stable’  by credit rating agency CRISIL for a group of its solar power generating plants (Restricted group). A AAA rating implies the highest safety and lowest credit risk for any […]

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Europe Invested €43 Bn in 2020 to Cover 20 GW of new Wind Farms

Europe invested EUR 43 billion in new wind farms in 2020, the second-highest annual amount on record, to fund 20 GW of new projects. Europe invested EUR 43 billion in new wind farms in 2020, the second-highest annual amount on record. The investments cover 20 GW of new capacity that will be built in the […]

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Jack Daniel’s Partners with Silicon Ranch to Procure 20 MW of Solar Energy

Jack Daniel’s partners with the Tennessee Valley Authority, Duck River Electric Membership Corporation, and Nashville-based solar power producer Silicon Ranch to provide the iconic Tennessee whiskey maker’s Lynchburg distillery with 20 megawatts of solar energy. TVA signed a long-term power purchase agreement with Silicon Ranch to build, own, and operate the solar facility just a few miles from the world-famous distillery […]

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L&T Begins Construction at 300 MW Jeddah Solar Plant in Saudi Arabia

L&T has secured the go-ahead to begin construction of the 300 MW Jeddah Solar PV Power Plant in Saudi Arabia. Larsen & Toubro (L&T) has announced that the renewable arm of its power transmission and distribution business has secured the go-ahead to begin construction of the 300 MW Jeddah Solar PV Power Plant in Saudi […]

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Adani Green Continues Brisk Start to 2021, With 50 MW Solar Plant in UP’s Chitrakoot

In an official statement today, Adani Solar Energy Chitrakoot One Limited (ASECOL), a subsidiary of Adani Green Energy Limited (AGEL), said that it has commissioned a 50 MW solar power plant in Chitrakoot, Uttar Pradesh (UP).  “The plant has a 25-year-long Power Purchase Agreement (PPA) with the Uttar Pradesh Power Corporation Limited (UPPCL) at Rs 3.07/kwh,” […]

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Neoen Secures Financing for Finland’s Largest Wind Farm at 404 MW

Neoen has finalised the financing of Mutkalampi, a 404 MW wind farm in Finland, which will be the country’s largest wind farm on completion. Neoen has announced that it has finalised the financing of Mutkalampi, a 404 MW wind farm in Central and Northern Ostrobothnia in western Finland. Fully owned by Neoen, the project will […]

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iSun Enters Large-Scale Utility Solar EPC Business With Latest Acquisition

iSun, Inc. Enters Large Utility Solar EPC Business; Acquires Intellectual Property of Oakwood Construction Services, Inc. iSun, Inc., a leading solar energy and clean mobility infrastructure company with 50 years of construction experience for solar, electrical, and data services, today announced that it has acquired all of the intellectual property of Oakwood Construction Services, Inc., […]

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Backlog of Unsigned PSAs Risk Slowing India’s Renewable Energy Growth

Delays in signing PSAs are a bottleneck in the growth of renewable energy capacity in India, jeopardising the 175 GW by 2022 target Delays in signing power sale agreements (PSAs) are a bottleneck in the growth of renewable energy capacity in India, jeopardising the government’s renewable energy target of 175 gigawatts (GW) by 2022, dampening […]

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