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Masdar Achieves Financial Close on 100 MW Solar Project in Uzbekistan

Masdar has announced the financial close of the 100 MW Nur Navoi Solar Project – Uzbekistan’s first successfully-financed independent power producer (IPP) solar project. The Nur Navoi Solar Project was awarded to Masdar last year under the WBG’s Scaling Solar program, with Masdar tendering the lowest tariff in a competitive auction. In November 2019, Masdar […]

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TAQA, Masdar-led 2 GW Al Dhafra Solar Project Achieves Financial Close

TAQA and Masdar – alongside partners EDF and JinkoPower – have announced the successful financial closing of the Al Dhafra Solar project. The Abu Dhabi National Energy Company (TAQA) and Masdar – alongside partners EDF and JinkoPower – have announced the successful financial closing of the Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) […]

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700 MW Allocated to Small Scale PV Developers in Poland’s Latest Renewables Auction

In Poland‘s latest renewables auction of the year, the solar grabs 700 MW for small-scale photovoltaic (PV) plants. The country’s Energy Regulatory Office (ERO) reported a minimum price of PLN 228.7/MWh (USD 61.2), while it was PLN 269.0 in the auction held last year. ERO announced the results on 18th December 2020, declaring that or […]

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Germany’s Federal Network Agency Awards 664 MW In Wind And Solar Projects

Germany’s latest mixed-technology tender was oversubscribed, awarding close to 400 MW of wind and 264 MW of solar projects. Germany’s latest mixed-technology tender was oversubscribed, awarding close to 400 MW of wind and 264 MW of solar projects. The tender, which was open for submissions by December 1, 2020, targeted 366.9 MW of onshore wind […]

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EDF, Capgemini to Offer Smart Meters and Grid Across key Markets Including India

EDF International Networks and Capgemini have partnered to confirm their position as major players for emerging smart grid projects worldwide EDF International Networks, a subsidiary of the EDF Group, and Capgemini have signed a partnership agreement to combine their expertise and together confirm their position as major players for emerging smart grid projects worldwide. The […]

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Solar Tariffs Drop to a new low of Rs 1.99/kWh in Latest Gujarat Auction

The latest round of auctions for 500 MW worth of solar projects in Gujarat has seen tariffs drop to a new low of Rs 1.99/kWh in India. The latest round of auctions conducted by the Gujarat Urja Vikas Nigam Limited’s (GUVNL), for 500 MW worth of solar projects to be developed in the state, has […]

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Masdar, PT PJBI Form JV to Drive Development of Indonesia’s 1st Floating Solar Plant

Masdar, one of the world’s leading renewable energy companies, and PT PJBI, a subsidiary of Indonesia’s state electricity company PT PLN (Persero), today announced the formation of a joint venture to drive the development of the Cirata Floating Photovoltaic Power Plant – Indonesia’s first floating PV project. The new company, PT. Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), was […]

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“EEG-Novelle”, New Renewable Energy Law For Germany

The parliament of Germany has approved a draft of the reform of the new renewable energy law called “EEG-Novelle.” With the new provisions, several changes will be introduced for the PV sector. One of the most important ones is the exemption from the payment of the EEG-levy, which is usually applied to all power producers […]

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Gujarat’s Borosil Renewables Raises Rs 200 Crore via QIP

Borosil Renewables has raised Rs 200 crore by issuing 1.58 crore shares through qualified institutional placement (QIP) India’s first and only solar glass manufacturer Borosil Renewables Ltd (BLR) has raised Rs 200 crore by issuing 1.58 crore shares through qualified institutional placement (QIP). As per the company’s statement, BRL has successfully completed fundraising of Rs […]

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