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RE projects

Off-Grid Solar Industry now a USD 1.75 Billion Annual Market: Report

The off-grid solar industry has grown into a USD 1.75 billion annual market, providing lighting and other energy to 420 million users, a new report has shown The off-grid solar industry has grown into a USD 1.75 billion annual market, providing lighting and other energy services to 420 million users and remains on a solid […]

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IPGCL Empaneling Firms for Setting up of Rooftop Solar Projects in Delhi

IPGCL has issued a tender for the empanelment of vendors for setting up of rooftop solar system for residential consumers in the NCT of Delhi. The Indraprastha Power Generation Company (IPGCL) has issued a tender for the request for selection (RfS) for empanelment of vendors for setting up of rooftop solar (RTS) system for residential […]

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Kerala Commission Issues Renewable Energy and Net Metering Regulations

KSERC has issued its ‘Kerala State Electricity Regulatory Commission (Renewable Energy and Net Metering) Regulations, 2020’. The Kerala State Electricity Regulatory Commission (KSERC) has issued the new state regulations for renewable energy and net metering in its ‘Kerala State Electricity Regulatory Commission (Renewable Energy and Net Metering) Regulations, 2020’. As per the new regulations, the […]

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Leclanché Secures $65 Mn Loan Facility to Expand Operations

Leclanché has signed an agreement with Yorkville Advisors for an unsecured convertible loan facility with a maximum ceiling of USD 40 million. One of the world’s leading energy storage companies Leclanché has signed an agreement with Yorkville Advisors Global, a New Jersey-based investment firm providing for an unsecured convertible loan facility with a maximum ceiling […]

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Mahindra Renewables Sells its 3 Arms to CLP India for About Rs 340 Cr

India’s leading car maker Mahindra & Mahindra said that its wholly-owned renewables subsidiary, Mahindra Renewables, has sold its entire stake in three subsidiaries for about Rs 340 crore to CLP India, an arm of Hong Kong-based CLP Group. CLP India has entered into a share purchase agreement to buy 100 percent shareholding each in Cleansolar Renewable […]

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TNERC Approves Rs 2.91 Tariff for Procurement of 441 MW Wind Power

TNERC has approved a tariff rate of Rs 2.91/kWh for TANGEDCO to procure nearly 441 MW of wind power through SECI for a period of 25 years. The Tamil Nadu Electricity Regulatory Commission (TNERC) in its latest order has approved a tariff rate of Rs 2.91/kWh for the Tamil Nadu Generation and Distribution Corporation (TANGEDCO) […]

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AES Distributed Energy Secures $341 Million in Debt Financing

AES Distributed Energy has entered into a USD 341 million debt agreement which provides new capital for a portfolio of distributed generation projects AES Distributed Energy (AES DE), a subsidiary of the AES Corporation (AES) and a leader in energy generation through solar PV and solar PV + battery energy storage systems (BESS), has announced […]

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Ministry of Finance Confirms Force Majeure Status for Coronavirus

In news that should bring some immediate relief to large solar developers, the Ministry of Finance has come out with a clarification on the Coronavirus epidemic. The clarification states that the coronavirus will be covered in the force majeure clause in agreements as a case of natural calamity. That should help developers whose incoming supplies […]

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Canadian Solar Begins Work on 26.6 MW Solar Projects in Japan

Canadian Solar has announced it has commenced work on the construction of two solar photovoltaic (PV) power projects in Japan. Canadian Solar,  one of the world’s largest solar power companies, has announced it has commenced construction on two solar photovoltaic (PV) power projects in Japan. The first is a 13.6 MWp project in the Ibaraki Prefecture. The project will […]

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