The world’s largest steelmaker, ArcelorMittal, has announced plans to set up a large-scale solar power project in India. ArcelorMittal has backed out of plans to set up a 6 million tonne steel mill in the southern state of Karnataka. The company will instead set up a 500-600 MW solar power project … [continued]
SunEdison, the US-based renewable energy developer, recently reported an expansion of its installed capacity base in India. SunEdison reported, earlier this month, that it commissioned 146 MW of solar power capacity across three states in India. The company did not report if these projects were commissioned under any state solar … [continued]
Pakistan continues to draw interest from international companies looking to setting up large-scale renewable energy projects. Dutch wind energy equipment Vestas Wind Systems has announced plans to set up 1 GW of wind energy capacity in the Punjab province of Pakistan. Company officials have signed a letter of intent to … [continued]
The Indian Ministry of New & Renewable Energy will seek a budgetary allocation of more than twice the amount it received in last year’s budget. According to Indian media reports, the Ministry of New & Renewable Energy has sought allocation of Rs 10,000 crore (around $1.5 billion) in the budget … [continued]
Huge budgetary allocation for promotion of solar power can be expected in the upcoming financial budget to be announced by the Indian government later this month. According to media reports, the government may consider earmarking financial as well as non-financial support for 3 GW of solar power capacity in the … [continued]
India may propose a crucial compromise to the US over its complaint against mandatory use of domestically produced solar power equipment in the former’s solar power programme. Delivering a judgement in late 2015 on the complaint filed by the United States, the World Trade Organization (WTO) ruled that domestic content … [continued]
As private sector power companies in India continue their struggle to implement new thermal power projects, some are now looking to take advantage of the government’s thrust towards solar power projects. RattanIndia Power is reportedly planning to use 324 hectares of land in the northern state of Punhjab originally earmarked … [continued]
Another state in India has approved construction of an ultra mega solar power project, boosting the Indian Government’s plan to set up 20 GW of large-scale solar power parks. The Ministry of New and Renewable Energy (MNRE) has approved a 500 MW solar power project in the northern state of … [continued]
Increasing competition in the utility-scale market and the Government’s thrust towards the promotion of rooftop solar power market is driving developers to implement new and innovative concepts to reduce costs and increase market share. Solar power project developers in India are now looking to expand the rent-a-roof concept for developing … [continued]
The Export Import Bank of Korea returned to the global green bonds market after a gap of three years to successfully raise $400 million. One of the pioneers of the green bonds market in Asia, the Export Import Bank of Korea (Kexim) recently raised $400 million, offering investors bonds for … [continued]
