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solar project finance

APTEL Accepts SGD As Change In Law, Relief Likely For Developers

In a case that involved a bunch of similar petitions from developers in Rajasthan executing projects worth 950 MW, and another batch in Andhra Pradesh involving projects worth 750 MW, the Appellate Tribunal for Electricity, has provided some measured relief for the developers involved. The petitions bunched together by the APTEL bench involved the acceptance […]

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A 15% Dip In BESS Costs Can Halt New Coal Power Growth: EMBER

A new modelling by the global think tank Ember and TERI highlights the crucial role of declining Battery Energy Storage System (BESS) project costs. This analysis underscores that faster BESS cost reductions will be a key driver for an effective coal phase-down in India’s power sector. The report lays out different possible stages of a […]

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Q1 Results: ReNew Sees 86% Decline In Net Profits

Renewable energy company ReNew today announced the financial results (unaudited) of first quarter of financial year 2024-25. The NASDAQ-listed company said that it has seen a surge in its operating capacity by around 24 percent Year on year. ReNew’s clean energy contracted portfolio was ~15.6 GW as of Aug 15, 2024. The company said that […]

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Mangers & Engineer Jobs

Solar Energy Corporation of India Limited (hereinafter referred to as SECI) is a MINIRATNA Category-I schedule ‘A’ CPSE under the Administrative jurisdiction of the Ministry of New & Renewable Energy. SECI is exclusively dedicated to the development of the RE sector in India and its scope of activities covers all renewable energy sources. SECI invites […]

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Fourth Partner Energy Secures $275 Mn Investment From IFC Consortium

International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG today made a $275 Mn investment into Fourth Partner Energy (FPEL). IFC is a global impact investor and DEG is a German investment and development company. The consortium’s investment will infuse capital to fund FPEL’s business expansion plans which include a target portfolio of 3.5 […]

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Oorja Raises $1.5M Pre-Series A For Farming-As-A-Service Model

Oorja, a solar irrigation services and agricultural advisory to smallholder farmers in India, successfully closed its US$1.5 million Pre-Series A funding round. The company in the recent round attracted $1.2 million in equity finance from impact investors like Acumen, elea, a family trust advised by Artha Impact, Echoing Green Signal Fund, Partners Group via its […]

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SAEL Makes Debut In Global Bond Markets With $305mn Green Bond

SAEL group has successfully issued its debut US dollar-denominated bonds in the international markets. This bond marks the group’s first issuance in the international capital markets, providing the Company access to a deep, alternative pool of liquidity to complement funds available through domestic Indian lenders, the firm said today. The US$ 305 million green bond […]

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PM Surya Ghar, Green Corridor, PM-KUSUM Get Financial Push

The latest Union Budget presented by Union Finance Minister Nirmala Sitharaman indicated a financial push to several renewable energy schemes. This includes fresh or increased allocations for programmes like PM Surya Ghar, PM-KUSUM scheme, Green Corridors, Green Hydrogen and grid-connected hydro projects. Details from the budget’s expenditure documents revealed that the ministry allocated Rs 6,250 […]

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What The Green Industries Said About Budget 2024?

Hours after Finance Minister Nirmala Sitharaman announced the Union Budget 2024, the industry leaders also reacted to the budget announcements. Many of them talked about the benefits and challenges of the industry in the light of the announcements. The minister, in her budget speech talked about imposing Customs Duty on solar glass imports and include […]

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