SUBSCRIBE NEWS LETTER

solar project finance

RUMSL Issues LOAs For 600 MW Omkareshwar Floating Solar Project

Letters of Award were distributed by Principal Secretary of New and Renewable Energy Department, Madhya Pradesh, Sanjay Dubey, on June 30 to the developers selected in the first phase of 600 MW Omkareshwar Floating Solar Project on Narmada river in Khandwa district of Madhya Pradesh. The tender for Phase-I achieved minimum rates of Rs 3.22, […]

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Interconnected European Grid Key to Managing Variations In Solar Irradiance

The Decline In Solar Irradiance Has Sounded A Warning After it witnessed the wettest month in March 2022 in 61 years, Spain experienced the sharpest decline in solar irradiance in 28 years. The findings from a team of experts from solar data firm Solargis reveal that there has been a 50 per cent decline in […]

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Bhutan Mulling 300 MW Solar Power Addition

The Himalayan country of Bhutan is looking bullish for solar power as it plans to diversify its energy mix. Reports cited the Economic Affairs Minister of Bhutan, Lokhnath Sharma saying that Bhutan will add 300 MW of solar power in the coming years. Bhutan currently has a mere 9 MW of renewable energy other than […]

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CrossBoundary Gets $25 Million For Solar Power Mini-Grids Expansion In Africa

Kenya based CrossBoundary Energy Access (CBEA) has announced that it has raised $25 million funding from different investors – ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund. The new investment will also garner an additional $25 million in senior debt for the deployment of $50 million of capital that will […]

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GE Finance takes 49% Stake In Continuum Wind Energy Project In Gujarat

General Electric has declared that it has acquired a 49% stake in the Morjar wind energy project in Gujarat. The official statement says that GE Energy Financial Services and Continuum Green Energy (India) closed the financial deal of GE Energy Financial Services’ acquisition in the Continuum’s developed wind project. Morjar is an onshore wind energy […]

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Assam Clears Decks for JV With Neyveli For 1000 MW Solar Power

The Assam government under Chief Minister Himanta Biswa Sarma continues to move rapidly on scaling up its renewable energy plans. On June 11, the government approved an investment worth Rs 5,000 crore for commissioning and generation of 1,000 MW of solar power in collaboration with Navratna PSU company Neyveli Lignite Corporation, under the aegis of […]

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NSEFI Partners with SolarPower Europe For India Specific ‘solar deployment guidelines’

The National Solar Energy Federation of India (NSEFI) and SolarPower Europe have jointly published the best practice guidelines for Engineering, Procurement and Construction (EPC) of solar power projects in India. The effort is supported by the ‘EU-India Clean Energy and Climate Partnership.’ The published material – ‘EPC Best Practice Guidelines: India Edition’ – is a […]

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SJVN to collaborate with Assam Govt for renewable energy projects

The Assamese government looks bullish on renewable energy as the state and the entire North East region, always blessed with high potential, finally act on it. In the latest development, Director Finance of Shimla based state owned Satluj Jal Vidyut Nigam (SJVN), Akhileshwar Singh met with the Assam Chief Minister Himanta Biswa Sarma in Guwahati […]

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