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US-India Clean Energy Finance (USICEF) Initiative launched to expand access to distributed clean energy projects

Minister of State for Power, Coal & New and Renewable Energy and Mines, Piyush Goyal and US envoy Richard Verma on Friday launched US-India Clean Energy Finance (USICEF) Initiative. The U.S.-India Clean Energy Finance facility (“USICEF”) would support project preparation activities for distributed solar projects in order to unlock OPIC financing and mobilize public and private capital to expand access […]

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10 Indian states accounting for approximately 90 percent of all solar installations and pipeline: Mercom Capital

Mercom Capital in its recent report has revealed that top 10 states in the country accounting for approximately 90 percent of all solar installations and pipeline. According to the research firm as of December 2016India has a total installed large-scale solar capacity of 9,018 MW and a solar pipeline of 14,030 MW.  The top 10 […]

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D. E. Shaw Renewable Investments acquires and commences Construction of 52 MW Solar Farm in Mississippi

D.E. Shaw Renewable Investments (DESRI) has acquired the Mississippi Solar 2 project from Origis DevCo Inc. (Origis). The project is a 52 MWAC solar power facility located three miles away from the town of Sumrall in Lamar County, Mississippi. DESRI has announced that soon after the acquisition it has started construction of the project, which […]

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India Signs Grant Agreement with IBRD of USD 5.19 million for Improving Energy Efficiency in MSME’s projects

An agreement for GEF Grant of USD 5.19 Million for “Additional Financing for Financing Energy Efficiency at MSMEs Project- Programmatic Framework for Energy Efficiency” was signed by Raj Kumar, Joint Secretary (MI), Department of Economic Affairs on behalf of the Government of India and Junaid Ali Ahmad, Country Director, World Bank (India) on behalf of […]

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Scatec Solar partners with local ItraMAS-led consortium to build 200 MW PV in Malaysia

Scatec Solar has entered the Malaysian large-scale solar energy market by joining forces with a local ItraMAS-led consortium that has signed three 21-year Power Purchase Agreements (PPAs) with the country’s largest electricity utility, Tenaga Nasional Berhad (TNB). The partnership covers three solar projects totaling nearly 200 MW and involves a total investment of close to […]

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Alta Energy and Rawson, Blum & Leon Partner to Bring Solar to Cost Plus Plaza

Rawson, Blum & Leon , a San Francisco-based real estate owner, developer and manager, in partnership with Alta Energy, a company that empowers enterprises to achieve the economic and environmental benefits of renewable energy, announced the development of a 345 kilowatt direct current (265 kW AC) solar photovoltaic (PV) system at its popular Cost Plus […]

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Innovative Solar Systems recently been awarded a total of 720 Megawatts of New PPAs

Innovative Solar Systems (ISS) has just been awarded a total of 720 Megawatts of new Purchase Power Agreements (PPA’s) from large credit worthy Power Off-Takers in the Mid-West. The companies CEO states that receiving these 25 year contracts will enable ISS to more quickly sell and fund these new projects that range in size from […]

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Solar water pump market in India struggles to take off

In 2014, PM Narendra Modi set a target to install 1 million solar water pumps, equivalent to approximately 3000 MW, for irrigation and drinking water by 2021. But actual cumulative installed base stood at merely 25000 pumps as of April 2016. The bleak performance is despite the government offering massive subsidies of as much as […]

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