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solar project finance

German Dev Bank to Partly Fund Surat Metro; Depots to be Solar-powered

The Government of India and the German Development Bank – KFW (Kreditanstalt für Wiederaufbau) – have signed a Euro 442.26 million loan for the Surat Metro Rail project, according to a recent official statement released by the Ministry of Finance. The project aims to harness solar energy at both depots of the Surat Metro in […]

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Serbia to Develop 11.3 GW of Solar and Wind Power Projects

Serbia has released its draft program of economic reforms for the period 2022-2024, which envisages the implementation of state projects for the construction of wind farms with a capacity of 3,000 megawatts (MW) and solar power plants with a capacity of 8,300 MW. Serbia drafts the economic reforms program every year as a candidate country […]

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MERC approves MSEDCL To Procure At Rs 3.05 For 111 MW Solar projects under MSKVY

In an order issued last week, the Maharashtra Electricity Regulatory Commission (MERC) gave its approval to Maharashtra State Electricity Distribution Company Limited for starting the procurement process of 111 MW of grid connected Solar power projects under the ‘Mukhyamantri Saur Krishi Vahini Yojana’ (MSKVY). The order covers a total of 33 respondent firms who had […]

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Total Eren & Gransolar To Build 14.8 MWp Microgrid Project In Galapagos Islands

French energy major Total Eren, and Gransolar, an Ecuadorian developer have announced the joint design, development, financing, construction, and operation of a microgrid project in the Galápagos Islands. The Galapagos, A World Heritage Site The E-Quator Energy project will combine a 14.8 MWp solar photovoltaic plant with a 40.9 MWh electricity storage capacity. Located in […]

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US Grants $500M Financing To First Solar for 3.3GW Facility in Tamil Nadu

U.S. International Development Finance Corporation (DFC) has approved up to $500 million of debt financing for First Solar, the largest American solar manufacturing company, subject to negotiations of definitive agreements. The DFC financing will support the company’s previously announced vertically integrated photovoltaic (PV) solar module manufacturing facility in Tamil Nadu, with a projected annual capacity […]

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Government Finalises Sale Of CEL For ₹ 210 crore, Solar Biz Largest Component

The Centre on Monday (Nov 29) announced approving strategic disinvestment of Central Electronics Limited (CEL), a public sector enterprise (CPSE) under the DSIR, Ministry of Information and Technology. The sale has happened on the second attempt, after a previous effort in 2016 failed to bear fruit. “The Cabinet Committee on Economic Affairs (CCEA) empowered alternative […]

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SJVN, PTC In Tie-up For RTC Projects

SJVN Limited has entered into a MoU (Memorandum of Understanding) with PTC India Limited (formerly known as Power Trading Corporation of India Limited), to collaborate on the development of products to supply Round the Clock (RTC) Power. The MoU was signed by  Akhileshwar Singh, Director (Finance), SJVN Ltd and Dr. Rajib Kumar Mishra, Director (BD […]

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UK Fund Gresham House Raises £380m Funding For Storage Projects

Gresham House Energy Storage Fund has secured a £380m bespoke funding package from NatWest bank with support the growth of its UK energy storage pipeline. Gresham House is a listed specialist alternative asset manager, offering funds, direct investments and tailored investment opportunities. The new funding will help finance seven newly announced battery energy storage projects due […]

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France, UAE to Join Forces on RE and H2 Projects

French finance minister Bruno Le Maire said on Sunday that France will work with the United Arab Emirates (UAE) on new projects in the energy sector including renewables and hydrogen fuel. “Reaching zero carbon emissions by 2050 is an important goal, and we want to work with the UAE on this fight on climate change,” […]

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