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PTC India to use Rs 135 Crore Tax Refund for Financing Green Projects

PTC India Financial Services is set to receive a tax refund of ~Rs 135 crore and plans to use it for further financing of green projects. PTC India Financial Services has revealed that the Income Tax Department has processed its return of income for the assessment year 2019-20 (financial year 2018-19) and determined a refund […]

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EDF-Jinko Consortium Awarded World’s Largest Solar Project in Abu Dhabi

The consortium of EDF Renewables and Jinko Power has been awarded the Al Dhafra solar project in Abu Dhabi, the world’s largest solar project when complete. The bidder consortium, formed by French EDF Group subsidiary, EDF Renewables and Chinese Jinko Power, both global leaders in renewable energy, has been awarded the Al Dhafra solar project […]

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Renesola Secures USD 12 Million Financing for 19 MW Solar Project

ReneSola has successfully closed a bridge financing with Eiffel Energy Transition Fund to finance the construction of its 19 MW solar project in Poland. ReneSola Ltd, a leading fully-integrated solar project developer has announced that it has successfully closed a bridge financing with Eiffel Energy Transition Fund to finance the construction of ReneSola Power’s 19 […]

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Farmers in UP City to get 160 Solar Pumps Under KUSUM Scheme

The Pilibhit agriculture department in UP is set to provide 160 solar pumps to farmers on subsidy, under the PM KUSUM scheme of the Union government. The Pilibhit agriculture department in Uttar Pradesh (UP) is set to provide 160 solar pumps to farmers on subsidy, under the Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (KUSUM) scheme of the Union […]

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Axpo Subsidiary Urbasolar to Build 37 new Solar Plants in France

Axpo Holding has announced that its subsidiary Urbasolar is accelerating its growth in France by developing 37 new solar plants across 16 French departments Swiss utility Axpo Holding has announced that its subsidiary Urbasolar is accelerating its growth in France by developing 37 new solar plants across 16 French departments in collaboration with French bank […]

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Shell & Total Still Investing Much More in Fossil Fuels Than RE: IEEFA

While Shell and Total are shifting towards RE technologies, around 90 percent of their capital continues to be spent on fossil fuels, finds a new report While Shell and Total are shifting towards renewable energy (RE) technologies, around 90 percent of their capital continues to be spent on fossil fuels, finds a new report from […]

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Soon 20% of all C&I Solar Systems in India Will be Grid-Tied: Report

Increasing electricity demand and rising grid tariffs for commercial and industrial (C&I) customers are driving business users to rooftop solar, which is not only cleaner and cheaper but also gives them tariff certainty for 25 years. In ‘Powering up Sunshine – Untapped Opportunities in India’s Rooftop Solar Market’, a new report from JMK Research & Analytics […]

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Vestas Secures Turbine Orders Worth 191 MW in Vietnam and Japan

Vestas has announced that it has secured three turbine orders worth a combined 191 MW capacity for three projects in Vietnam and Japan. The leading wind turbine manufacturer and supplier in the world – Vestas has announced that it has won three orders worth a combined 191 MW for projects in Vietnam and Japan. The […]

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Guidelines Issued for Implementation of Off-Grid Solar Plants in RESCO Mode

MNRE has issued the final guidelines for the implementation of off-grid solar power packs/ plants in RESCO mode and model PPA. In reference to its previous order issued in April 2020 for issuing extension of off-grid and decentralized solar PV applications programme –Phase III till March 31, 2021, the Ministry of New and Renewable Energy […]

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