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RE projects

Indian Government doubles down on Solar Parks after SunEdison Setback

According to the reports from a top government official, India is expected to double the target for energy to be generated from solar parks by 2020, as roof-top installations progress has turned out to be slower than anticipated and U.S. company SunEdison’s projects are threatened by its bankruptcy. The Indian Government acquired lands are most […]

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Government doubles power generation target from solar energy parks

Centre is gearing up to double the clean energy generation from solar parks to 40,000 MW in the backdrop of slow offtake of rooftop solar and problems being faced by some project developers. PTI citing a senior government official reports that the Ministry of New & Renewable Energy is eager to set up solar park […]

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UGE to Design and Develop 300 kW Solar Project in Kaladar, Ontario

UGE International has secured a contract to design and develop a 300 kilowatt solar project near Kaladar, Ontario. The project will derive revenue through Ontario’s feed-in tariff FIT3 program and builds upon the relationship between UGE, Soventix Canada (“SCI”), and TREC SolarShare Co-operative, which will finance all construction activities and purchase the commissioned energy generating […]

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OneRoof Energy to sell its 19.8MW solar project assets

OneRoof Energy has announced that it has entered into definitive agreements with two different third parties to sell 19.8 MW of its solar project assets. The Transactions are expected to generate gross proceeds up to $61 million, with$19 million funded as of the date of this announcement, and $42 million expected to be funded in tranches through September of […]

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BRICS Working Group meets on “Energy Saving and Energy Efficiency” in Visakhapatnam

The BRICS Working Group meets in Visakhapatnam to chalk out plan on enhancing cooperation in energy efficiency and energy saving. All BRICS nations, viz., Brazil, Russia, China and South Africa will make presentations during the two day (4th -5th July) deliberations starting Monday. India, a member of the BRICS will showcase its efforts in energy […]

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GMR Energy sells stake to Adani Transmission

GMR Energy Limited (GEL) has entered into definitive agreements with Adani Transmission Limited (ATL) to sell its 74% stake in Maru Transmission Services Limited (MTSL) and 49% stake in Aravali Transmission Services Limited (ATSL). Currently the stakes in MTSL and in ATSL shall be transferred to ATL with an option to acquire the balance stakes […]

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NHPC planning to set up 600MW solar project at Koyna dam in Maharashtra

National Hydroelectric Power Corporation (NHPC) as part of an initiative to expand its solar portfolio is reportedly planning to set a 600-MW solar project at the Koyna dam in Maharashtra. NHPC is carrying out financial and feasibility study for the project. The company t plans to set up floating solar panels with pumped storage system […]

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