India x Cleantech — October 2019
Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country.
CLP India
India Wind Energy Tariffs Rise In Undersubscribed Tender
Wind energy developers quoted higher tariff bids in the latest auction conducted by the Solar Energy Corporation of India. The marginal jump in tariff bids comes at a time when developers are shying away from participating in large solar as well as wind energy auctions.
India’s 1.8 Gigawatt Wind Energy Tender Undersubscribed By 1.2 Gigawatts
The trend of poor response from project developers to India’s wind and solar power projects continued as bids came in for the eighth national-level wind energy tender organized by the Solar Energy Corporation of India.
Shell & Statkraft Eye Indian Wind IPP With 2.4 Gigawatt Capacity
After nearly four years, Indian wind energy developer Continuum Wind Energy is back on the acquisition radar of international power companies. European power majors Shell and Statkraft are looking to acquire Continuum Wind Energy. Additionally CLP India, a subsidiary of China’s CLP Group, is also reported to be interested in the deal.
India Renewable Energy Developers Line Up US$1 Billion Green Bonds
Two large private renewable energy developers in India are planning to raise US$500 million each through sale of green bonds. The move highlights the tightening flow of funds in the Indian market due to the sustained crisis in the banking sector.
Troubled Indian Wind Energy Company Suzlon Sells Solar Assets
Exemplifying the struggles project developers face in a competitive and developing market like India, Suzlon Energy, one of the largest integrated wind energy solutions providers, has sold its solar assets.
Buyer Of SunEdison India Assets To Launch Asia’s Largest Green Bond
Greenko Energy Holdings, the India-based renewable energy developers which acquired the solar power portfolio of SunEdison India, will soon launch a green bond — Asia’s largest to date.
Indian Regulator Approves Rules To Issue, List Green Bonds
One month after proposing the first-ever rules of issuance and listing of green bonds at stock exchanges, an Indian regulator has finalised and approved the procedures. The Securities and Exchange Board of India (SEBI) has issued final guidelines on the issuance of green bonds, deciding that issuance and listing of … [continued]
China, India To Lead Green Bonds Market In Asia, Moody’s Reports
Global credit rating agency Moody’s expects a significant shift in the global green bonds market. Following the trend of faster growth in renewable energy capacity addition in developing countries, the global green onds market is also expected to see greater participation from developing economic like China and India, according to … [continued]
Suzlon Energy Commissions 101 MW Wind Energy Project In India
Suzlon Energy has commissioned yet another large wind energy project in its path to recovery. As one of India’s leading wind energy solutions providers, Suzlon Energy recently announced that it had commissioned a 100.8 MW wind energy project for CLP India. Located in the north-western state of Rajasthan, Suzlon Energy … [continued]
