SUBSCRIBE NEWS LETTER

solar project finance

Palestine grants its first solar power plant in West Bank

The Palestine Energy Ministry has granted permit to develop its first ever large scale solar power plant in the West Bank, near the city of Hebron. Palestine-based energy engineering and technology solutions firm Rack Tech has joined hands with Amsterdam-based solar power firm Gigawatt Global to build the $10 million plant will have installed capacity […]

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India sanctions scheme to develop 10 Solar Zones having at least 10000 hectares of land

The Government o India has directed authorization to implement the scheme for setting up of 10 ‘Solar Zones’ each having at least 10000 hectares of govt. or privately owned uncultivable and fallow land in one or more than one patches to encourage solar PV project developers, investors and manufacturers to help achieve the nation’s massive […]

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Alterra Power acquires 20 MW solar portfolio from Inovateus Solar

Alterra Power enters into an agreement with Inovateus Solar to acquire an 80% ownership interest in a two-project 20 MWDC portfolio of solar farms in the Midwestern United States. Both the solar projects are contracted under long-term, investment-grade power purchase agreements. Alterra is actively developing and arranging finance for its first project, a 7 MWDC […]

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UGE to Design and Develop 300 kW Solar Project in Kaladar, Ontario

UGE International has secured a contract to design and develop a 300 kilowatt solar project near Kaladar, Ontario. The project will derive revenue through Ontario’s feed-in tariff FIT3 program and builds upon the relationship between UGE, Soventix Canada (“SCI”), and TREC SolarShare Co-operative, which will finance all construction activities and purchase the commissioned energy generating […]

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World Bank announces to provide more than $1 billion for India’s solar project

The World Bank Group has signed an agreement with India led International Solar Alliance (ISA) to work together on increasing solar energy use around the world, with the goal of mobilizing $1 trillion in investments by 2030. The agreement was signed in the presence of Finance Minister Arun Jaitley, Power, Coal, New and Renewable Energy minister Piyush […]

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Solar Park in India: Scope, Status, Achievement, and Challenges

India, with its large population and rapidly growing economy, needs access to clean, cheap and reliable sources of energy.  The government with the Jawaharlal Nehru National Solar Mission has been promoting ecologically sustainable growth while addressing India’s energy security challenge. The Government of India’s ambitious plan to add 100 GW of solar capacity by 2022 […]

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8minutenergy to build 4GW solar photovoltaic project in India

Independent solar developer in the U.S., 8minutenergy Renewables will setup 4GW solar photovoltaic project in India to help the country meet its aggressive renewable energy goals. A statement from White House said “8minutenergy Renewables will pursue a 4 GW solar photovoltaic project pipeline in India”. 8minutenergy’s commitment was made in tandem with Prime Minister Modi […]

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Will continue to support renewable energy projects in India: OPIC

U.S. Government’s development finance institution, Overseas Private Investment Corporation (OPIC) has announced that it will continue to support early stage renewable energy projects in India. OPIC in a blog post said “this week’s historic agreement between the U.S. and India to address climate change recognizes the need for private investment and will work to support […]

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Solar Fastest Growing New Energy Source in India: Mercom Capital Group

Global clean energy communications and research firm, Mercom Capital Group released its quarterly update on the Indian solar market on Monday, 6th June. Mercom predicts approximately 5 GW of solar installations in India for calendar year 2016. Mercom in its report states that cumulative solar installations in India crossed the 7.5 GW mark as of […]

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