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Avaada Energy Secures Rs 1000 Cr Investment From ADB, DEG and FMO

Avaada is targeting an extensive portfolio of 5 GW solar projects across Asia and Africa of which about 2.4 GW capacities are under implementation. Avaada Energy has announced that it has received an investment of Rs 1,000 crore for financing its 2.4 GW solar energy portfolio of the targeted 5 GW capacity in Asia and Africa. The investment has come from Asian Development Bank; DEG, the […]

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MNRE HQ Building To Use Solar Energy & Become Net-Zero Energy Complex

The Akshay Urja Bhawan will be located in Delhi, right opposite the premises which the ministry presently occupies in the CGO Complex here. To promote sustainable practices, the Ministry of New and Renewable Energy (MNRE) has conceptualised a “net-zero energy complex” for its new headquarters in New Delhi. The Akshay Urja Bhawan will be located […]

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Fourth Partner Energy Commissions Rooftop Solar Projects Over 3 MW in Telangana

In Telangana, the scheme provides for government offices to switch to solar power at zero capital costs, and avail electricity at a flat rate of Rs 3.14/unit for 25 years. Fourth Partner Energy, one of India’s leading distributed solar rooftop energy company, has announced the commissioning of 8 solar projects with a capacity of 3116 […]

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Norway’s GPFG Sovereign Fund Permitted to Invest $14Bn in Unlisted Renewables

The Government is allowing for the Government Pension Fund Global to be invested in unlisted renewable energy infrastructure under the dedicated environmental mandates. Norway’s sovereign wealth fund, the Government Pension Fund Global (GPFG), the world’s largest at more than $1 trillion, will soon be able to invest in unlisted renewable energy infrastructure projects, such as wind power plants and solar […]

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Toyota Installs SimpleFuel Station to its Plant, Generating Hydrogen Fuel using Solar Energy

Toyota has announced that it has newly introduced SimpleFuel to its Motomachi Plant in Toyota City, an electrolysis-based machine for hydrogen generation and filling that can produce, store, and supply hydrogen by making use of electricity generated from solar power. SimpleFuel is a product of and jointly manufactured by IVYS Energy Solutions and PDC Machines […]

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Promote RE to Ensure Energy Security & Protect Climate : Naidu

The Vice President of India, M. Venkaiah Naidu has called for the promotion of new and renewable energy in a big way. He said moving to renewable would not just ensure energy security but also protect the climate, reduce pollution. ‘Adequate growth in renewable energy would serve a dual purpose – firstly, it would contribute […]

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Canadian Solar Subsidiary Recurrent Energy Gets $50 Million LoC from Natixis

Canadian Solar today announced that its wholly-owned subsidiary Recurrent Energy, LLC has secured a $50 million letter of credit facility from global financial services company Natixis. The US-based firm Recurrent Energy, which is one of the leading utility-scale solar and energy storage project developer has secured a $50 million LoC facility from multinational financial services […]

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IREDA Issues RfP For Empanelment of Resource Assessment Agencies For Solar & Wind Energy

The last date for submission of proposals is April 29, 2019. The Indian Renewable Energy Development Agency (IREDA) has issued a Request for Proposal (RfP) inviting proposals fro the empanelment of resource assessment agencies for solar and wind energy. The empanelment for resource assessment agencies is being done for Wind and Solar technologies, separately. The […]

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India and Chile Should Jointly Promote Solar Energy Globally : President

Kovind said that India looks forward to working with Chile to promote solar energy worldwide and enhance global action to combat climate change.  President Ram Nath Kovind recently discussed wide-ranging issues of mutual interest with his Chilean counterpart Sebastian Pinera as the two sides signed three MoUs in the fields of mining, culture and disability.  Kovind, who arrived after visiting […]

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