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solar project finance

India Ratings Downgrades SWREL to Default Grade

In a move that is likely to shock, if not surprise quite a few in the industry, India Ratings and Research (Ind-Ra) has downgraded Sterling and Wilson Renewable Energy Limited’s (SWREL) bank facilities’ ratings to ‘IND D’ from ‘IND BB-’ while resolving the Rating Watch with Negative Implications.   According to India Ratings, the key […]

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Serentica Renewables Gets Capital Infusion of INR 3000 Cr from REC

Serentica Renewables, a C&I focused renewable energy developer in India, has announced the completion of INR 3000 crores of debt funding from REC Limited – one of India’s largest power sector lenders. REC’s support is expected to assist Serentica in developing its hybrid renewable energy projects coming up in Karnataka. The company is setting up […]

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REC Limited Funding Push Continues With Deals For Serentica, GreenKo

REC Limited, a Maharatna PSE and the subsidiary firm of Power Finance Corporation is among the key govt.owned NBFCs mandated for enabling national goals. The firm has been very active of late.  REC had hosted the Green Finance Summit in July 2023 on the side lines of G20, where one-on-one discussions with RE developers were […]

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Renewable Energy Specialist

Responsibilities:- Serve as the technical expert on renewable energy technologies and contribute to technical deliverables. Advise government stakeholders on improving legal, policy, regulatory, fiscal, and technical measures to enhance renewable energy on the grid. Identify opportunities and challenges for accelerating deployment of RE technologies in the South Asian energy sector. Lead formulation, review, and redesign […]

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Djibouti Launches Maiden Wind Farm with 60 MW Capacity

Djibouti, located on the Horn of Africa, has launched its maiden wind farm- the 60 MW Red Sea Power (RSP) project. This is the key international investment in Djibouti’s energy. The project, valued at US$122 million, has put in place Djobouti’s first Independent Power Producer (IPP). The investors responsible for the said project are mulling […]

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India & US Shore Up Partnership to Anchor $500 Mn RE Infrastructure Investment Fund

A joint investment fund of up to $1 billion to aid India’s initiatives aimed at the adoption of green technology has got the nod from US President Joe Biden and Narendra Modi. In an initiative that will strengthen India-US bilateral relationship in the renewable energy space, India’s National Investment and Infrastructure Fund and the US […]

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Govt Releases Framework For Promoting Energy Storage

The Ministry of Power has now released a detailed framework for promoting energy storage systems (ESS) in the country. The framework includes the promotion of battery storage systems as well as pumped storage systems.  The ministry guidelines advocated for a Viability Gap Funding (VGF) of up to 40 percent of the project’s capital cost to make […]

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Trina Trackers Adds 2.5 GW Plant In Brazil, Global Capacity Now 10 GW

TrinaTracker, a smart tracker solution provider which is part of Trina Solar Co., has opened a smart tracker manufacturing plant in Salvador, Brazil. The factory will have annual production capacity of 2.5GW and will increase TrinaTracker’s global production capacity to 10GW, to meet the company’s growing business needs. TrinaTracker smart control system production line This is […]

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Life Beyond PLI-Top 5 Green Schemes For MSMEs And Startups

If you think the Government of India has been focused on large and utility-scale renewable projects, then you are right. The government focus has undoubtedly been on putting in place a large base, be it for solar capacity building or with schemes like the Production-Linked Incentive (PLI), domestic manufacturing that rewards scale. However, for smaller […]

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