One of the largest solar power parks under India’s National Solar Mission will have provisions for storage as well. According to media reports, the Solar Energy Corporation of India (SECI) is expected to release a tender for a 750 MW solar power park at Ananthapuramu, in Andhra Pradesh. The solar … [continued]
Ostro Energy, an emerging wind energy developer in India, has secured debt financing from the International Finance Corporation for two large-scale wind energy projects. The International Finance Corporation (IFC) provided debt-finance for two wind energy projects planned by Ostro Energy in the southern Indian state of Andhra Pradesh, with a … [continued]
The state government of Karnataka in India has received pledges for new solar power projects. At the recently concluded Invest Karnataka summit, two different entities pledged to add a total of 3 GW of solar power capacity in the state. Karnataka Solar Power Development Corporation stated its plans to set … [continued]
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]
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]
Renewables accounted for the lion’s share of all power and utility transactions during 2015, according to a new report from EY. EY’s new report, Power Transactions and Trends: 2015 review and 2016 outlook, highlights the increasing evidence that utilities and investors are using mergers and acquisitions (M&A) “as a strategic tool … [continued]
A new study has concluded that green building around the globe is expected to double by 2018. According to the results of the study, the percentage of companies expected to have more than 60% of their building projects certified as “green” is anticipated to more than double by 2018, growing … [continued]
