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World Bank

Solar Business: Greenlight Planet Raises $60 Million led by Apis Partners

Greenlight Planet will use the new debt and equity capital to expand its solar-energy product lines, distribution networks, and financing capabilities in Africa and Asia Renewable energy firm Greenlight Planet Inc has raised $60 million in a funding round led by London-based private equity fund manager Apis Partners. The debt and equity round, which was […]

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First Solar Signs Deal with Obton to Provide 19MW of Solar Modules in the Netherlands

First Solar Modules will be powering two solar plants in the municipality of Stadskanaal, the Netherlands. The world’s biggest thin film solar module manufacture, First Solar has signed a 19MW module supply deal for projects with Denmark-based Investment and Management Company specialized in renewable projects Obton. First Solar Modules will be powering two solar plants […]

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International Solar Alliance to Become a treaty-based Legal Entity on December 6

44 countries have already signed the ISA treaty, and many more are set to join. International Solar Alliance (ISA), the India-headquartered grouping of 121 nations for promotion of solar energy, will become a treaty-based international intergovernmental organization on December 6 this year, according to Interim Director-General, Upendra Tripathy. Speaking at a curtain raiser for the […]

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Curtain Raiser Event held for the Founding Ceremony of International Solar Alliance in Bonn, Germany

A Curtain Raiser Event for the Founding Ceremony of the International Solar Alliance (ISA) was held at Bonn, Germany yesterday. Speaking at the event, Shri Anand Kumar, Secretary, Ministry of New and Renewable Energy, Government of India hoped that, in the spirit of affirmative action, developed countries will earmark a percentage of Overseas Development Assistance […]

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Solar Energy Insurance for Utility Scale Projects

With each step towards achieving 100GW solar power goal by 2022, the momentous development of solar insurance and reinsurance market in India could not come at a better time. When it comes to new and innovative financing models, growing number of large-scale solar PV power plants and reduction in the feed-in tariff has spurred the […]

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India’s Effort in Renewable Energy Led To Drop in Solar Price

US Senator Merkley during the hearing on Energy and International Development stated that because of India’s effort in renewable energy there has been a considerable drop in solar price. India’s massive effort towards renewable energy has resulted in considerable drop in solar price and the country now believes that the solar power is cheaper than […]

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Efforts to Address Climate through Clean Energy Lag in Emerging Markets

Two years post-Paris, Climatescope research from Bloomberg New Energy Finance highlights slowing investment from OECD countries and limited policy-making follow-through in non-OECD nations. Two years since the signing of the Paris climate agreement and eight years after Copenhagen, countries on both sides of the rich-poor divide are falling short on promises made to address climate […]

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Investonomics on Indian Sun is Hot!

Today, solar power is not merely a power demand catalyst rather this sector preaches colossal economics in the world affairs. Clouds around solar sector have dynamically revolved as murmurs of its transient nature of solar power are eluded. Solar and wind projects in the country would attract USD 20 billion investment each year from next […]

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