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ADB and LEAP Sign $18.7 Mn Loan Agreement For Financing 5MW Solar Plant in Mongolia

The loan agreement marks ADB’s first co-financing with LEAP in Mongolia’s renewable energy sector. The Asian Development Bank (ADB) and the Leading Asia’s Private Infrastructure Fund (LEAP) today signed an $18.7 million loan with Sermsang Power Corporation Public Company Limited (SSP) and Tenuun Gerel Construction LLC (TGC) to build, operate, and maintain a 15 MW […]

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DERC Approves PSA Between SECI and Tata Power-DDL For Sale of 50 MW Wind Power

The Delhi Electricity Regulatory Commission (DERC) has approved the Power Sale Agreement (PSA) between the Solar Energy Corporation of India (SECI)  and Tata Power Delhi Distribution Limited (TPDDL) for the sale of 50 MW of wind power. The order was passed after TPDDL had petitioned the commission to approve the PSA and adopt a tariff […]

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Hyundai and Kia to Invest $300 Mn in Ola with Key Focus on Electric Mobility Solutions

The companies will collaborate on building a unique fleet and to develop EVs and charging infrastructure customised for the Indian market. Hyundai Motor Group and Ola have announced a strategic partnership under which Hyundai Motors and Kia Motors Corporation will make their biggest combined investment to date, as part the Group’s continued efforts to become […]

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Japan’s Eurus Energy Acquires Share in Winlab Africa

Japan’s wind energy developer Eurus Energy has acquired a share in Winlab Africa, a subsidiary of the Australian group Winlab Limited, with an investment of $10 million. The money will be used to finance several projects, including the Miombo Hewani wind farm in southwest Tanzania. A company statement explained that through this investment, Eurus Energy, […]

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In a First: Solar Panels That Store Both Electricity and Heat

Building-integrated PV cells that supply both heat and electricity have been developed at SINTEF’s solar cell lab in Trondheim. One answer to new energy demands of the world is to install building-integrated PV (BIPV) cells, either in the form of roof tiles or facade elements. However, the feasibility of this will require lower costs and […]

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China’s Ambitious Solar Power Space Project is a bet on the future

China plans to have a solar power station orbiting the earth at 36,000 km, allowing it to tap the energy of the sun’s rays without interference from the atmosphere or loss of sunlight. According to Chinese media, the country is working on plans to build a solar farm in space. The project is hugely ambitious […]

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Tata Power Solar’s Retail Rooftop Solution Moves to Kolkata Now

Tata Power Solar has launched a residential rooftop solution in Kolkata after a city wise sequence of launches  including Delhi, Mumbai, Ajmer, Hyderabad and Guwahati. Tata Power Solar Systems Limited, India’s largest solar energy company, has launched a complete residential rooftop solution in Kolkata. The residential rooftop solutions are expected to save up to Rs […]

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Rioglass Solar Signs Contract For World’s Largest CSP Plant

Rioglass Solar signs Dubai 600 MW CSP Project order for both parabolic trough receiver tubes and mirrors with Abengoa Energía and Shanghai Electric. The record-breaking Dubai 700 MW CSP + 250 MW PV Hybrid Project Noor Energy 1, developed by ACWA Power in close cooperation with DEWA, Shanghai Electric Group Corporation as EPC, and Abengoa […]

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