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HNPCL Acquires Mumbai-Based Solar Firm for Rs 1,000 Cr

Last year Andhra Pradesh-based thermal energy company, HNPCL, had initiated talks to purchase Kiran Energy, which is having an operational portfolio of around 85 MW now. Hinduja Group flagship firm Hinduja National Power Corporation Ltd (HNPCL) has acquired Mumbai-based Kiran Energy Solar Power for about Rs 1,000 crore, as revealed by the two sources close […]

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International Solar Alliance: A Rollercoaster Ride for Indian Solar

Indian solar sector witnesses sharp momentum in the past four years under the leadership of Prime Minister Narendra Modi. In 2014, when he took office, India had 3 GW of solar power, which now turned to nearly seven-times of that, or 20 GW, by the end of FY18. India’s efforts towards solar sector came into […]

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NV Energy Seeks to Double RE Portfolio by 2023

The company has also exceeded the Nevada’s renewable energy requirement for the eighth year in a row, which currently sits at a 20 percent level. Public utility, NV Energy has set a target to double its renewable energy portfolio by 2023. The company has also exceeded the Nevada’s renewable energy requirement for the eighth year […]

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India, France ink Renewable Energy Contracts under ISA Umbrella

In new & renewable energy sector, India’s one of the leading solar manufacturer and EPC player Vikram Solar has signed a collaboration pact with the French Alternative Energies and Atomic Energy Commission (CEA). Under the umbrella of International Solar Alliance (ISA), Indian and French companies have signed various business contracts and agreements in the new […]

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Renew Power Commits Rs 13k cr Investment on Clean Energy in AP

The move has come to develop renewable energy capacity in Andhra Pradesh and also helps in generating direct employment for 4,000 people and indirect employment for 6,000 people. Renewable energy company ReNew Power has inked a Memorandum of Understanding (MOU) with the Andhra Pradesh (AP) government during the ongoing 3-day CII Partnership Summit to invest Rs 13,000 crore over the next five years. […]

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Renew Power Signs MoU with Maharashtra Govt for Rs 14K Cr Investment

As per reports, a Memorandum of Understanding (MoU) was signed at the three-day investment summit “Magnetic Maharashtra: Convergence 2018” held in the financial capital of the country.   In a significant development, Indian renewable energy company ReNew Power has said it has signed a pact with the Government of Maharashtra to facilitate a proposed investment […]

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Electric Vehicles India is Shifting Gears

ELECTRIC VEHICLES ARE NOT GOING TO TAKE THE MARKET BY STORM, BUT IT’S GOING TO BE A GRADUAL IMPROVEMENT. The automobile sector in India is one of the largest growing markets of the world, and contributes highly to the nation’s manufacturing facilities. Not only this, the automobile domain is further expected to pull up the […]

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Solar Projects: Yes Bank to Mobilise USD 1 Billion by 2023 for Clean Energy

Yes Bank made at the the announcement at the International Solar Alliance (ISA) conference organised at World Future Energy Summit 2018 in Abu Dhabi. In a significant development, Yes Bank, India’s fifth largest private sector bank, said it will mobilise USD 1 billion by 2023 for financing solar energy projects in India. The announcement was […]

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