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renewable energy investment

CCEA Approves Proposal For Setting Up 12 GW Solar Projects 

The Scheme will mandate the use of both solar photovoltaic cells and modules manufactured domestically. The Cabinet Committee on Economic Affairs (CCEA) has approved the Ministry of New & Renewable Energy’s (MNRE) proposal for implementation of the Central Public Sector Undertaking (CPSU) Scheme Phase-ll for setting up 12,000 MW grid-connected Solar Photovoltaic (PV) Power Projects, […]

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ADB Invests $20 Mn to Finance RE Projects in Southeast Asia

Proceeds of the bonds will finance renewable energy projects in the Asia and Pacific region, including Vietnam, the Philippines, and Indonesia. The Asian Development Bank (ADB) has invested $20 million in the maiden climate bond issuance of AC Energy, a wholly-owned subsidiary of Ayala Corporation in the Philippines. ADB is an anchor investor in the […]

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Abu Dhabi Commissions World’s Largest Storage Battery

The battery could potentially power the city of Abu Dhabi for six hours in case of a failure in the main grid. Otherwise, it will serve a function as a load balancer for the network. Abu Dhabi has commissioned a grid-scale deployment of a sodium-sulphur storage battery with a capacity of 108 MW/646 MWH battery […]

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EBRD & GCF Provide $50.4 Mn for Solar Project in Kazakhstan

The new plant will generate over 102 GWh of electricity per year and will help reduce CO2 emission by 86,000 tons per year. Renewable power generation is set to play a greater role in Kazakhstan’s energy mix as a result of financing led by the European Bank for Reconstruction and Development (EBRD) for the construction of […]

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CCEA approves proposal for setting up 12,000 MW grid-connected Solar Photovoltaic (PV) Power Projects

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister, Shri Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal for implementation of the Central Public Sector Undertaking (CPSU) Scheme Phase-llfor setting up 12,000 MW grid-connected Solar Photovoltaic (PV) Power Projects, by the Government Producers with Viability Gap Funding (VGF) support […]

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BSNL Commissions 65 kW Rooftop Solar Plant in Kerala

Similar plants will be commissioned on 12 more BSNL buildings this month. Bharat Sanchar Nigam Limited (BSNL), state-owned telecommunication company has commissioned its first grid interactive solar power plant of 65 kW capacity on its building in Kerala. The 65kW rooftop solar system commissioned at its administrative building in Manacaud is a part of the […]

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Malaysian 49MW Solar Power Plant Connected to the Grid

The 49MW solar power plant fully adopts Huawei FusionSolar Smart PV Solution, including smart PV string inverter SUN2000-42KTL and advanced technologies like Power Line Communication (PLC), etc. Sinar Kamiri Sdn Bhd (Sinar Kamiri), an indirect wholly-owned subsidiary of Mudajaya Group Berhad (Mudajaya) signed the PPA with Tenaga Nasional Berhad (TNB) to develop and operate the […]

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Viz-A-Viz with Andrew Hines, Co-Founder, CleanMax Solar

First Loss Protection Program Could be a Passible Support To promote a broadening of the rooftop segment into those underserved markets, the government can play a very important role. One possible support would be a “first loss protection” program, in which the government or a multilateral agency would absorb some of the credit risk of […]

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NLC India to Set Up 1 GW of Solar Projects in Tamil Nadu

NLC India’s  MoU envisages close to Rs 23,800 crores investment in TN NLC India (NLCIL), state-owned mining and power generating company, has announced the signing of a Memorandum of Understanding (MoU) with the Tamil Nadu government to develop 2,640 MW of lignite-based thermal power projects and 1,000 MW of solar energy projects in the state. […]

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