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solar project finance

Vikram Solar CEO bags Bengal Entrepreneurship Award 2016

Mr. Gyanesh Chaudhary, MD and CEO, Vikram Solar, the globally recognized leading solar energy solutions provider today won The Bengal Entrepreneurship Award 2016 in the manufacturing sector. The Bengal Entrepreneurship Award is organized annually by The Bengal Chamber of Commerce and Industry (BCC&I). Dr. Amit Mitra, Hon’ble Minister of Finance, Commerce & Industries, West Bengal […]

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Vikram Solar partners with teamtechnik

Vikram Solar recently signed Memorandum of Understanding (MoU) with teamtechnik, a market leader in production technology based in Freiberg am Neckar (Germany), to design production lines and supply plant technology to support the company’s expansion plans. Both the companies signed MOU in the presence of Amit Mitra-Finance Minister, West Bengal. Vikram Solar is set to […]

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Manufacturers of solar power equipment express concern over GST

Solar equipment manufacturers have expressed concern over implementation of Goods and Service Tax (GST) that will possibly increase the cost of power projects and subsequently put higher tariffs burden on consumers. Speaking to PTI Surender Pal Singh, Chairman, Solar Energy Equipment Manufacturers’ Association of Telangana said “Currently the sector enjoys almost zero tax structure in […]

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NREA drafts tender for 20 MW solar project in Hurghada

The New and Renewable Energy Authority (NREA) is in process to release a tender for a 20 MW solar power plant in Hurghada, Egypt. Recently, Japan International Cooperation Agency’s (JICA) was presented with a proposal to finance the project for Hurghada solar plant by NREA. The Ministry of Electricity stated that a soft loan of […]

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Darwin International Airport completes its first phase of 5.5MW solar farm

Darwin International Airport has completed first phase of 5.5MW solar farm, switching on 4MW installation that will ultimately supply 25 percent of airport’s power needs. It is believed to be the world’s largest airport solar system. The Darwin Airport solar plant array, which is a $13 million project, will be adding another 1.5MW in phase […]

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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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