India’s Gujarat Scraps 555 Megawatt Wind Capacity Allocation
The Indian state of Gujarat has once again scrapped renewable energy capacity allocation, citing high tariff rates.
The Indian state of Gujarat has once again scrapped renewable energy capacity allocation, citing high tariff rates.
India’s attempt to boost domestic manufacturing in the solar power sector has taken a hit with poor response to a large solar power tender focused at companies owned by the government.
One of the worst fears of the leading wind energy company in India has come true. For years, Suzlon Energy had been flirting with financial turmoil and recently the company witnessed a rather unfortunate milestone which could define the company’s future.
A Japanese company successfully raised funds for the production of electric vehicle parts using green bonds. Meidensha Corporation (Meiden) recently secured funding worth US$55 million through the sale of green bonds. The funds raised in this exercise will be used for the mass-production of electric vehicle parts, the company reported. … [continued]
One of India’s leading renewable energy generation companies is on a fundraising spree. Greenko Energy Holdings recently raised funds by selling green bonds, for the second time in nearly two years. According to media reports, Greenko successfully raised $950 million in green bond sales. The bonds were priced at a … [continued]
A private power distribution company in India issued a tender to procure energy from solar-wind hybrid projects with a goal to fulfill its Renewable Purchase Obligation, and possibly, to reduce the cost of power procurement. Adani Electricity Mumbai Limited (AEML) issued global tender inviting bids from project developers to set … [continued]
In its efforts to reduce air pollution, the Delhi government is taking steps beyond shutting down aging thermal power plants within city limits. The government of the Indian capital city of Delhi recently announced plans to replace a retired coal-fired power plant with a solar PV power project. The thermal … [continued]
Bond payment defaults and renegotiations of wind and solar power projects are proving to be a challenge in India. Even as the Indian renewable energy sector struggles with these stressful developments, a number of large and ‘well-backed’ companies are receiving additional funds for further expansion of operations. Greenko Energy Holdings … [continued]
An industry body in India representing solar power developers made a significant proposal regarding the tariff thresholds for national-level solar power auctions. National Solar Energy Federation of India (NSEFI) proposed that all national-level solar power auctions in the country have a maximum tariff bid threshold. The industrial body has proposed … [continued]
India is making swift progress to ensure infrastructure for electric vehicles is in place to cater to the impending demand from the public sector. The Department of Heavy Industry and Public Enterprises of the Government of India issued a second major expression of interest to prep the country’s electric mobility … [continued]