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solar power

Surat Municipal Body Saves Rs 65 Cr, Thanks To Renewable Power

Setting up an example as to how renewable energy can help the government to save on its scarce revenue, Surat Municipal Corporation (SMC) in Gujarat has saved Rs 65 crore by the optimal use of solar power. The SMC has solarized as many as 60 of its offices in multiple departments with solar power panels. […]

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Power Ministry Plans Another Scheme To Solve The Discom Puzzle

The Ministry of Power has informed that it’s working on a scheme that will help mitigate the financial woes of the Distribution Companies (Discoms) which are unable to pay their dues. This is crucial as the inability of Discoms to pay dues impacts the entire value chain of the power sector. Even the relatively young […]

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Lord’s Mark To Work With BREDA For Solar Lighting Projects In Bihar

Lord’s Mark Industries, a diversified business group, has entered solar lighting in Bihar. Lords is the sole channel partner to Philips India for development of such projects in the government sector only. The project will be implemented through BREDA (Bihar Renewable Energy Development Agency), which is tasked with developing schemes on non-conventional energy sources in […]

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Davos Casts A Spell, ReNew Power Signs Another MoU With Karnataka

Davos seems to be working like a magnet to all stakeholders in renewable energy from across India. MoU after MoU have been signed here on the sidelines of World Economic Forum. Soon after signing an MoU with Maharashtra a couple of days ago, ReNew Power on May 25, signed another Memorandum of Understanding (MoU) with […]

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Maharashtra, ReNew Power Sign Rs 50,000 Crore RE MoU In Davos

The Maharashtra energy department and ReNew power, one of India’s leading renewable energy companies, signed an MoU of Rs 50,000 crore in Davos on May 24 for investments in renewable energy in the state for the next six to seven years. Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) Managing Director Vijay Singhal signed the MoU […]

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175 MW Solar Project Commissioned by Mahindra Susten in Bikaner

Adding to the installed capacity of Rajasthan, the state with highest solar irradiance in India, Mahindra Susten has commissioned a portion of its solar project at Kolayat in Bikaner district. Mahindra has commenced the first portion of a 175 MW (AC) out of the total 250 MW solar project. Mahindra has been developing the solar […]

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GoodLeap Securitizes $467 Million Residential Solar Loan

Leading American Solar loan provider GoodLeap (formerly Loanpal), announced on May 23 the closure of GoodLeap Sustainable Home Solutions Trust 2022-2 following the securitisation of residential solar loans worth $467 million to approximately 11,000 homeowners. Originated on the GoodLeap platform, the securitization was underwritten by Credit Suisse and Goldman Sachs. Tanguy Serra, GoodLeap’s President and […]

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Greenko Will Supply Renewable Power to ArcelorMittal, Ayana, DISCOMS

Hyderabad based Greenko Energies Pvt Ltd will be supplying clean power to ArcelorMittal, Ayana Renewable Power and three Indian states from its upcoming renewable energy plus storage facility worth 5,230 MW being constructed in Kurnool, Andhra Pradesh, according to reports. Just days ago, Greenko commenced the work on the integrated RE storage project in Kurnool […]

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