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Over Rs. 71,200 crore sanctioned for Renewable Energy Sector by Banks & NBFCs since February, 2015

Banks & Non-Banking Financial Companies (NBFCs) have sanctioned over Rs. 71,201.54 crore to finance various renewable energy projects and disbursed Rs. 29,529.57 crore against the sanctioned amount since February 2015 till 21 March, 2016. During RE-INVEST 2015, 40 major Banks and Non-Banking Financial Companies (NBFCs) committed to provide debt funding to Renewable Energy Projects aggregating […]

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EDF Renewable Energy signs 15 year PPA with a California Utility for 111 MWac Solar Project

EDF Renewable Energy has signed a 15-year Power Purchase Agreement with Southern California Edison (SCE) for 111.2 megawatt alternating current (MWac) solar project. The Valentine solar project will deliver clean electricity to SCE starting December 2019. Valentine Solar spreads across 1,260 acres of private land in Kern County’s Mojave Desert, adjacent to company’s Catalina Solar […]

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ReNew Power inks PPAs for 286 MW Solar Project in Telangana

The Indian solar and wind energy major, ReNew Power Ventures signs a Purchase Power Agreements (PPAs) for four solar ground mounted projects with combined capacity of 286 MW in Telangana. Winning the highest bid for 2000 MW solar projects in the state, the company has well-stable to be the largest solar energy company in Telangana […]

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Welspun Renewables’ extends Solar Capacity in Punjab

Welspun Renewables is reported to have extended it solar capacity in Punjab by 4 MW (AC). Evaluating Punjab to a green energy run, the latest addition comes is thenceforth of its 32 MW (AC) Bathinda solar project. The two projects combined together will be annually feeding 54.37 million units of clean energy to the grid. Consequent […]

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Geronimo Energy sells a 66-MW portfolio of Minnesota Community Solar Garden developments to BHE Renewables

Geronimo Energy has announced the sale of its second portfolio of Minnesota Community Solar Garden developments (“the Portfolio”) to subsidiary of Berkshire Hathaway Energy, the BHE Renewables. Geronimo Energy’s Portfolio include a total of 66 megawatts (“MW”) of solar garden projects spread across 21 locations and 16 Minnesota counties, which will be completed by the […]

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3000 Indian villages to get electricity through renewable energy sources under the DDUJGY scheme: Piyush Goyal

Government is gearing up to electrify about 3000 villages through renewable energy sources. Minister of State (IC) for Power, Coal and New & Renewable Energy- Piyush Goyal said that out of un-electrified villages, about 3000 villages to be electrified through renewable energy sources under the DDUJGY scheme. Union Finance Minister Arun Jaitley in his budget […]

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MNRE invites Comments / Views on Implications of GST on delivered cost of Renewable Energy by 15th March.

Ministry of New and Renewable Energy (MNRE) has invited comments and views of the implications of Goods and Service Tax (GST) on delivered cost of Renewable Energy by 15th March, 2016. To understand implication of GST on the delivered cost of renewable energy MNRE commissioned a study in July 2015 which then stated that implementation […]

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Australian Expertise in Rooftop Solar can aid India’s Renewable needs – Piyush Goyal

Recently, at the roundtable of ‘Renewable Energy Challenge for Grid Integration’, Power Minister Piyush Goyal pronounced “Australia’s rooftop solar expertise has to be looked into to transfer technology at affordable rates expanding renewable energy in India.” The minister said, “India can use Australian expertise in rooftop solar as almost a third of Australian homes in […]

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IEEE Technology Foresee for the year 2016 – Clean & Renewable Energy Dominant Trend

2016 will witness an increased share of technological innovation in the energy sector with a focus on ‘global clean energy,’ reckons IEEE. The pioneer technology group experts perceives that newer and more efficient ways to consume energy using renewables sources as well as energy efficiency will be one main focus this year. The principal element of this revolution is […]

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