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financing

SECI extends cooperation on utility-scale energy storage project, invites tenders to combine Solar & Wind Hybrid Project

The Solar Energy Corporation of India (SECI) has extended interest on India’s first utility-scale energy storage project. The ambitious project is projected to be combined with a solar and wind hybrid project at Rangreek (Himachal Pradesh). The invited tender is for the design, procurement, construction, commissioning and associated transmission system for 2MW of grid-connected solar […]

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SolarCity Opens Fund of $249 Million in Solar Projects

SolarCity announces its opening of a new tax equity fund of $249 million in solar projects. Whereas, the other financing partner name was not unveiled, though this investment is reported as the fourth solar project fund by the two partnering companies. After total consolidation, the fund is known to twofold in size making a total […]

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Solar Industry eyes tax exemptions and financial aid from the coming Budget

This budget is getting indispensible with government’s relief words for the manufacturers and associates. The dart of economic revival and business friendly country is on the suitcases of the coming budget. The ambitious solar power industry has urged the government for tax incentives and financial aid to make ‘solar’ an attractive and viable option. “The […]

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Dreams of Solar Power Park in Himachal Pradesh

State Govt. of Himachal Pradesh plan to establish a 1,000-MW solar park in the Spiti Valley is facing perennial hassles. Given the intense terrain of Spiti, the state government is looking for assistance from all corners for transmitting power produced at the solar park. The project has sought for the support of Power Grid Corp. […]

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What is International Solar Alliance (ISA) – Things You Should Know!

When the whole world is undergoing an energy crisis moment – The world leaders and political heads have come together to mark the most abundant form of energy ‘solar’ and technologically empower to feed the sphere with ‘Green Energy.’ The International Solar Alliance (ISA) is one of its kind historic pact among solar resource wealthy […]

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Potential of India’s Renewable Energy Resources

The capability of renewable energy in India – and the price tag to acknowledge– was highlighted recently by boards of energy and financing specialists. ‘The potential is colossal – the quantity of GWs is brain boggling,’ said Amit De, Sr. Strategies SkyPower Global. ‘SkyPower has resolved to manufacture 18GW of solar projects in India by […]

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Overall 2015 Was a Good Year for Solar Sector attracted Rs. 1.77 Lakh Cr Funds

Solar sector globally attracted corporate funding worth $25.3 billion (nearly Rs 1.70 lakh crore) in 2015 against that of $26.5 billion (nearly Rs 1.77 lakh crore) in 2014, explains a report. “Total global corporate funding in the solar sector, including venture capital/private equity (VC), debt financing, and public market financing, raised by public companies came […]

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Russian Agency Assist to Establish Massive Solar Plants in India

The Russian Energy Agency (REA) and Solar Energy Corp. of India (SECI) plans to team up on few substantial scales Solar PV plants in India by 2022. The two entities signed a Memorandum of Understanding (MoU) on December 24, plotting the terms of the partnership. According to sources, one of its objectives will be to […]

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Strategies Launched for Acquiring Solar Energy Earmarks – MNRE

India is holding the biggest renewable capacity extension program on the planet. The Centre has taken up several strategies for acquiring Solar Energy earmarks; targets of 20,000 MW of solar power proposed to be introduced in the nation 2022. Off-Grid Housetop: Programed to install 40GW solar rooftop programs where Grid is now exist. 15% Government […]

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