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ADB, Tata Power Delhi Distribution Collaborate for Grid & BESS Enhancement in Delhi

The Asian Development Bank (ADB) and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power, have announced that they have signed an agreement to subscribe to non-convertible debentures for Rs 1.5 billion ($18.2 million) to enhance Delhi’s power distribution through grid enhancements. The agreement also involves a $2 million grant to partially […]

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In E3W segment, customer base may be new to credit or lack strong credit score: Sameer Aggarwal, Revfin

EV finance firm Revfin claims that it has financed over 17,118 electric vehicles in the last 51 months (as of March 2023). This translates to financing 11 electric vehicles everydayin the last 1530 days. The vehicles are plying in over 200 cities across 16 states of India. Revfin also underwrites financially excluded and underserved segments […]

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496 MW Wind Project in France Reaches FID and Construction State: Ocean Winds

Renewable energy developer Ocean Winds has announced that a $2.5 billion final investment decision (FID) has been taken regarding an offshore wind energy project in France. Ocean Winds, Sumitomo Corporation, Banque des Territoires and Vendée Energie who form ‘Eoliennes en Mer des îles d’Yeu et de Noirmoutier’ (EMYN) have made the announcement about the Îles […]

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Asian Infrastructure Investment Bank Funds Masdar Solar Projects in Uzbekistan

The Asian Infrastructure Investment Bank (AIIB) has signed three new project finance loan agreements in the aggregate amount of $83.6 million as part of a $396.4 million debt financing to Masdar for the construction of three greenfield solar PV power plants in Samarkand, Djizzakh and Surkhandarya regions of Uzbekistan. Masdar has said that the Asian […]

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PFC Backs Vibrant Energy With Over INR 2,200 Cr Funding For 300 MW Hybrid Projects

An owner and developer of corporate renewable energy solutions, Vibrant Energy, has secured more than INR 2,200 crores of project financing from Power Finance Corporation Ltd. (PFC). This funding will aid the firm in establishing 300 MW (AC) of wind-solar hybrid projects in Madhya Pradesh and Karnataka. Vibrant Energy claims this financing will be among […]

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KSEB Gets Nod for KfW Funding for Green Energy Corridor Projects

The Kerala State Electricity Board (KSEB) has received the green signal from the German development bank, KfW, for securing a loan for the Green Energy Corridor (GEC) project that it is implementing. The signatories of the pact will be the State government, KSEB and KfW. It may be recalled that the Central government and KfW […]

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WBPDCL Issues EOI For Its 500 MW Floating Solar Project at Bakreswar Dam

The West Bengal Power Development Corporation Limited (WBPDCL) has now issued an Expression of Interest (EOI) seeking consultants for conducting the technical and feasibility studies of the proposed 500 Megawatt (MW) floating solar power project on the catchment areas of Bakreswar dam.  The WBPDCL will recruit the first consultants to conduct technical and feasibility studies […]

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EBRD, GCF Support 500 MW Wind Farm In Egypt; To Be Largest In Africa

The European Bank for Reconstruction and Development (EBRD) has issued a senior secured loan of up to $100 million to Red Sea Wind Energy for the development, construction and operation of a new 500 MW onshore wind farm located in the Gulf of Suez area in Egypt. The loan consists of a portion of up […]

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CEEW Study Flags Concentration Of Clean Energy Manufacturing As Global Risk

Two studies conducted by the researchers at the Council on Energy, Environment and Water (CEEW) have batted for an interrupted and affordable supply of critical clean energy technologies across the globe. The report said this was needed for achieving the Sustainable Development Goals (SDGs) and for a risk-free energy transition towards renewable energy.  The Indian […]

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