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Over 90% of Electric 2Ws in India To Lose FAME II Subsidy: Report

A shocking discovery has been made for the Indian electric two-wheeler manufacturers, the much-awaited FAME II scheme eligibility criteria will see around 95% of the existing electric two-wheelers miss the subsidy support, says a report by CRISIL. On March 28, 2019, the Ministry of Heavy Industry and Public Enterprise issued a notification, which laid out […]

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MNRE Working on Unified Portal To Help Consumers Set Up Rooftop Solar Panels

The Ministry of New and Renewable Energy with the World Bank and Asian Development Bank is developing a unified web portal, which will facilitate as a single-window clearance system for the consumers looking to install rooftop solar panels. This portal will also help in promoting and creating awareness regarding usage of rooftop solar in India. […]

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$1 Bn Green Finance Facility Launched to Boost ASEAN Green Infra Investments

The new facility will provide loans and necessary technical assistance for sovereign green infrastructure projects such as sustainable transport, clean energy, and resilient water systems. Southeast Asian governments, the Asian Development Bank (ADB), and major development financiers have launched the “ASEAN Catalytic Green Finance Facility”, a new initiative to spur more than $1 billion in […]

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Karnataka Issues Tender For 3 MW Solar Plant in Belagavi

The last date of bid submission is April 10, 2019 The Karnataka Power Corporation Ltd. (KPCL) has floated a tender for the installation of 700 solar PV modules of 230 Wp capacity for a 3 MW solar PV power plant at Itnal Village in Belagavi district in the state. The brief scope of work for […]

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GE Selected as Technology Provider For Onshore Wind Project in Spain

The 342MW Phoenix project will produce power across 10 wind parks in Aragon, Spain, and GE will install 91 onshore wind turbines from its 3MW platform. GE Renewable Energy has been selected as the technology provider for the Phoenix onshore wind project in Aragón Spain. The 342 MW project will be developed by Mirova, ENGIE, […]

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Canadian Solar Subsidiary Recurrent Energy Gets $50 Million LoC from Natixis

Canadian Solar today announced that its wholly-owned subsidiary Recurrent Energy, LLC has secured a $50 million letter of credit facility from global financial services company Natixis. The US-based firm Recurrent Energy, which is one of the leading utility-scale solar and energy storage project developer has secured a $50 million LoC facility from multinational financial services […]

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Climate Change Affecting India’s Wind Power Generation: Study

Increased warming in the Indian Ocean and the resultant weakening of the Indian summer monsoon may come in the way of India’s goal of leading the world’s wind power generation. The potential electricity production has reduced by about 13% in the past 40 years Researchers from Harvard University, US, and National Climate Center in Beijing, […]

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IREDA Issues RfP For Empanelment of Resource Assessment Agencies For Solar & Wind Energy

The last date for submission of proposals is April 29, 2019. The Indian Renewable Energy Development Agency (IREDA) has issued a Request for Proposal (RfP) inviting proposals fro the empanelment of resource assessment agencies for solar and wind energy. The empanelment for resource assessment agencies is being done for Wind and Solar technologies, separately. The […]

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Duke Energy Proposes $76 Mn Electric Mobility Program in North Carolina

The proposal will help fund the adoption of electric school buses, electric public transportation, and will lead to almost 2,500 new charging stations in the state. As part of its commitment to building a cleaner and smarter North Carolina, Duke Energy is proposing the largest investment in electric vehicle (EV) infrastructure ever in the Southeast – […]

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