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renewable energy

Sungrow Bags 100% Bankability for a Second Year From BNEF

Sungrow has once again been ranked 100% bankable by BNEF as per its latest survey of PV Module & Inverter Bankability 2020. The firm has also completed delivery for South Koreas largest hybrid plant. Sungrow, one of the leading global inverter solution suppliers for renewables, has announced that it has once again been ranked 100% []

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Inox Wind Drops More Than Rs 160 Crore in Income in June Quarter

Inox Wind had reported that its total income during the June quarter was Rs 101.90 crore, dropping more than Rs 160 crore YoY from Rs 264.53 crore. Indian wind energy service firm and manufacturer Inox Wind had reported on its financial results for the quarter ended June 30, 2020. The firm had revealed that its []

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Unlikely That India Will Match Record-Low Gulf Solar Tariffs: Report

A new report finds it is unlikely that India will be able to overtake the Gulf region to provide the worlds cheapest solar power in the near term. A number of countries in the Gulf region have set record-low prices for solar in recent years, leading to hopes that India and other countries may soon be able []

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GSECL Invites Bids For 110 MW Solar In Gujarat

The Gujarat State Electricity Corporation Limited (GSECL) has invited bids to set up an aggregate 110 MW of grid-connected solar power plants in Gujarat. The bid document says that the plant sizes can vary between 10 MW to 55 MW across three substations operated by Gujarat Energy Transmission Corporation Limited (GETCO). GSECL of course is []

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Indian Scientist Working on Generating Clean Fuel From Algae

While fossil fuels deplete, the fuel potential of algae residing in the vast marine environment surrounding India remains unexplored. Low-cost biodiesel from micro algae of marine origin may soon turn a reality, thanks to the efforts of a scientist who is working on biotechnological studies and tools for increasing the lipid accumulation in micro algae for biodiesel []

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Aug 21 CEA Report Points To Massive Problems in Solar Project Pipeline

A report released by Indias Central Electricity Authority (CEA) on August 21, indicates some huge issues for the pipeline of solar (and wind) projects. Looking at the delays and reasons for these delays in many cases, and the evolving situation on the ground,it becomes amply clear that the 2022 target of 175 GW is at []

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HSBC Launches Green Deposit for Financing Green Projects in India

HSBC has launched its Green Deposit programme in India, which will enable the banks clients to support green and sustainable projects. British financing institution HSBC has announced the launch of its Green Deposit programme in India for its corporate clients. The first-of-its-kind product for the Indian market, the Green Deposit will enable the banks []

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Cabinet Relaxes Working Capital Limit for Loans to Discoms

The Union Cabinet has approved a one-time relaxation to PFC and REC for extending loans to Discoms above limits of the working capital cap The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for extending loans []

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Danske Signs 15-Year PPA With Worlds Largest Offshore Wind Farm

Equinors energy trading arm Danske Commodities has signed a 15-year offtake PPA with the worlds largest planned offshore wind farm, Dogger Bank. Equinors energy trading arm Danske Commodities has announced that it has signed a 15-year offtake power purchase agreement (PPA) with the worlds largest planned offshore wind farm, Dogger Bank. Under the []

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