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Emails reveal Tata trustees had a role in Welspun deal structuring

Email records, which were part of the supporting documents, submitted by Tata Sons Ltd’s former chairman Cyrus P. Mistry to shareholders ahead of extraordinary general meetings (EGMs) of Tata companies reveals that Tata Trusts trustees had a role in Welspun deal structuring. According to Livemint in July this year the office of Noshir Soonawala, a […]

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Canadian Solar Secures USD 62.8 million Refinancing For 50 Megawatts Solar Power Projects

Canadian Solar has secured GBP 49.3 million (US$62.8 million) non-recourse term loan facilities to refinance a portfolio of 10 solar power plants, with total capacity of 50 megawatts in the United Kingdom. National Westminster Bank (NatWest), a subsidiary of RBS Group, is providing the 18.7-year term facility. Part of the proceeds will be used to […]

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US-India Clean Energy Finance (USICEF) Initiative launched to expand access to distributed clean energy projects

Minister of State for Power, Coal & New and Renewable Energy and Mines, Piyush Goyal and US envoy Richard Verma on Friday launched US-India Clean Energy Finance (USICEF) Initiative. The U.S.-India Clean Energy Finance facility (“USICEF”) would support project preparation activities for distributed solar projects in order to unlock OPIC financing and mobilize public and private capital to expand access […]

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Germany is providing soft loan to the tune of Euro 1 billion for India’s ‘Green Energy Corridors’: Piyush Goyal

Union Minister for State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal on Thursday in Lok Sabha said that in order to facilitate integration of large scale renewable generation capacity addition, a comprehensive scheme including Intra-State and Inter-State transmission system has been identified as a part of ‘Green Energy Corridors’. Intra-State Transmission […]

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India Signs Grant Agreement with IBRD of USD 5.19 million for Improving Energy Efficiency in MSME’s projects

An agreement for GEF Grant of USD 5.19 Million for “Additional Financing for Financing Energy Efficiency at MSMEs Project- Programmatic Framework for Energy Efficiency” was signed by Raj Kumar, Joint Secretary (MI), Department of Economic Affairs on behalf of the Government of India and Junaid Ali Ahmad, Country Director, World Bank (India) on behalf of […]

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NEXTracker to sell Ideal Power’s SunDial as part of their newly launched NX Fusion Plus

Ideal Power has announced that NEXTracker will be selling its SunDial solar PV plus storage string inverter as part of their newly launched solar plus storage tracker. NEXTracker’s “NX Fusion Plus” will integrate the SunDial together with NEXTracker’s solar tracker, a battery pack, and software to deliver maximum return on investment to solar power plants. […]

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