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renewable energy

EBRD Grants 48 Mn Loan For 220 MW Wind Project in Poland

The wind farm is expected to make a major contribution to reducing air pollution by replacing 480,000 tonnes of CO2 emissions annually. In its first project in renewable energy in Poland in over three years, the European Bank for Reconstruction and Development (EBRD) has announced that it is supporting the 220 MW Potegowo wind farm []

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CERC Extends Validity of RECs Due to Expire Between April and October 2019

Central Electricity Regulatory Commission (CERC) has extended the validity period of RECs which were due to expire between April 1, 2019, and October 31, 2019. The Central Electricity Regulatory Commission (CERC) has, in a big move for the renewable energy generators of solar and non-solar projects in the country who are involved in the trading []

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Ørsted Takes FID on Two Offshore Wind Farms in Taiwan

Denmark-based power company has announced that it has taken the final investment decision (FID) on the Changhua 1 and 2a offshore wind farm in Taiwan.  Prior to the FID, Taiwans Ministry of Economic Affairs approved Ørsteds local supply chain plan, and subsequently, Ørsted has signed a power purchase agreement (PPA) with Taipower at the feed-in-tariff []

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Indian Solar Sector Contracts in 2018-19

The Indian Solar sector saw only 6,529 MW addition during the last financial year while Wind energy Sector too recorded a slump in growth. According to the data supplied by the Central Electricity Authority, 2018-19 saw fresh capacity additions to a paltry 6,529 MW as against 9,010 MW in the previous year. The figures show []

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SECI Reissues NIT For 14 MW Solar Plant with BESS at Leh and Kargil

The MNRE has put a timeline between 2019-20 and 2020-21 for the completion of the project. The Solar Energy Corporation of India (SECI) has issued a new Notice Inviting Tenders (NIT) seeking online bids for the development of 14 MW of solar PV power plant with linked 42 MWh of Battery Energy Storage System (BESS) []

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Denmark Identifies Areas for 12.4 GW of New Offshore Wind

A study commissioned by the Danish government has identified good locations for 12.4 GW of additional offshore wind capacity, it was announced on last week. According to a statement by Denmarks Energy, Utilities and Climate Ministry, the designated zones could accommodate between 12 and 15 wind farms, depending on their size. The study has found []

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Off-Grid Solutions Provider SolarHome Raises $1 Mn Follow-On Equity

Singapore-based off-grid solutions provider, SolarHome has announced that it has secured an additional $1 million in equity funding as part of its series A round. The startup which is working on providing off-grid solar solutions to households in Myanmar on a Pay-As-You-Go (PAYG) model has secured the funding from its existing investor Trirec. TRIREC an []

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Solar Power Capacity in U.S. Cities Has Doubled in the Last 6 Years: Report

Solar energy capacity more than doubled in 45 of Americas 57 largest cities over the last six years according to a new study. Over the past six years, solar energy capacity more than doubled in 45 of Americas 57 largest cities, according to a new study released by the Environment America Research & Policy Center. []

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EBRD and GCF Provide $16.7 Mn For Kazakh Solar PV Plant

The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) have together provided $16.7 million as a loan to support the development of a new 30 MW solar PV power plant in Zhangiz-tobe in Kazakhstan. Stepping up its efforts to support renewables in the country, EBRD signed the financing agreement with Chinas []

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