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Fortum signs EUR 1,750 million syndicated Multicurrency Revolving Facility Agreement

Fortum Corporation has signed a EUR 1. 75 billion syndicated Multicurrency Revolving Facility Agreement. The company will use the committed facility for general corporate purposes and replaces the existing credit facility signed in July 2011. The facility has an initial maturity of five years and Fortum may request two one-year extension options. The company in […]

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RECOM partners with WEDIS Group for 10MW photovoltaic plant in Fuerstenwalde, Germany

RECOM announces the construction of a 10MW photovoltaic plant in Fuerstenwalde, Germany. The company has partnered with investment group WEDIS Group AG and is providing bridge financing for the construction of the entire project, which began this month. Over 35,000 of RECOM’s Black Panther 285 mono high efficiency panels will be installed and are expected to produce approximately 10,000 MWh/year of energy from the […]

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MNRE invites proposal for availing Green Climate Fund (GCF) support in renewable energy areas

The Ministry of New and Renewable Energy (MNRE) has invited proposals from State governments, industry, developers, electrical utilities, private and public institutions, international agencies and other stakeholders for availing Green Climate Fund (GCF) support in renewable energy areas. MNRE in a statement said proposals shall have potential to deliver transformative impact on climate change mitigation […]

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Will continue to support renewable energy projects in India: OPIC

U.S. Government’s development finance institution, Overseas Private Investment Corporation (OPIC) has announced that it will continue to support early stage renewable energy projects in India. OPIC in a blog post said “this week’s historic agreement between the U.S. and India to address climate change recognizes the need for private investment and will work to support […]

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US and India announces creation of a $20 million USICEF initiative

The United States welcomed the launch of the International Solar Alliance (ISA), recognizes the critical role it can play in the development and deployment of solar power, and intends pursuing membership in the ISA. To further strengthen ISA together, US and India will jointly launch the third Initiative of the ISA which will focus on […]

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Piyush Goyal to Inaugurate National Workshop on Rooftop Solar Power on 7th June

Power, Coal, and New & Renewable Energy Minister, Piyush Goyal to inaugurate National Workshop on Roof Top Solar (RTS) Power on 7th June 2016. Upendra Tripathy, Secretary, Ministry of New and Renewable Energy said the aim of the workshop is to act as a helpdesk and felicitate people in installing rooftop solar projects. Addressing reporters […]

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Georgia Power’s 30-MW solar facility at Fort Benning starts operation

Georgia Power, the Army Office of Energy Initiatives (OEI), General Services Administration and the Georgia Public Service Commission (PSC) marked the start of operations of a new 30 megawatt (MW) solar project at Fort Benning, near Columbus, Georgia. The facility is the first of five on-base military solar projects currently being developed by Georgia Power […]

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Solar Frontier’s 150MW Tohoku Plant in Japan starts commercial production

Solar Frontier has started commercial production at its 150MW Tohoku Plant in Miyagi Prefecture, Japan. Solar Frontier’s newest CIS solar panel factory features company’s most advanced production technology. Compared to Solar Frontier’s main production plant in southern Japan, the 900MW Kunitomi Plant, the Tohoku Plant requires only two-thirds the investment and manpower per megawatt. It […]

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