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  • Latest Renewable Energy News

    India Signs Power Contracts for 700 Megawatts of Solar Capacity

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    According to reports, India signed contracts to purchase solar power from companies building 700 megawatts of capacity awarded in a national auction. The government is waiting to sign purchase agreements for the remaining 50 megawatts from the auction in February, Tarun Kapoor, joint secretary at the Ministry of New and Renewable Energy, said today in an interview in New Delhi. The agreements, which lock in rates for the power generated for 25 years, bind developers to complete the plants within ... Read More »

    Loss for big power projects is gain for renewables

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    According to reports, policy hurdles for big power projects are proving to be blessing in disguise for small renewable energy projects. Domestic lenders are turning to these green ventures to grow their books, as many big projects in the non-renewable sector continue to face operational bottlenecks. Banks have funded several projects in the renewable energy space, especially special purpose vehicles formed by private equity firms over the past few months. Both Wind Farm, a project of Continuum Wind Energy and ... Read More »

    Sunedison To Go Ahead With 30MW India Project

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    According to reports,  Sunedison Inc plans to go ahead with the construction of a separate solar project in India even when it announced that it would drop one of its projects in the country. The project that the company plans to build is a 30 megawatts solar farm that is among the projects it won in February. However, the company announced dropping of the 20 megawatts project over what it termed high prices and shortage of equipment in the market. ... Read More »

    P2 Solar Acquires Its Second Renewable Energy Project in India

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    P2 Solar, Inc.  announced the recent completion of  financing required for the development of its Punjab small hydro projects. The Company closed financing required for Punjab small hydro project expenses during the past four months, amounting to $240,000. This financing was comprised of $200,000 convertible notes with a conversion price to be negotiated at a future date. The balance of the financing was comprised of $40,000 in an equity private placement. The funds have been deployed towards project expenses. Raj-Mohinder ... Read More »

    Cheaper finance to help boost solar sector, says report

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    According to reports, liberalised external commercial borrowing norms and making cheaper funds available, among other measures, will help in boosting the country’s solar energy sector, says a report. Besides, having increased solar general capacity would help in bringing down the dependence on power from coal plants, according to the report prepared by Hindustan Power in association with PHD Chamber of Commerce. The report has listed out various measures including availability of cheaper finance to boost the domestic solar sector. Among ... Read More »

    BESCOM implementing net metering system for solar rooftop panels

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    According to reports, the Bangalore authorities have already started work on net metering to enable individual households to put solar panels on their rooftops and sell extra solar electricity to the Bangalore Electricity Supply Company Limited (BESCOM). The company will soon provide its consumers with rooftop solar units to contribute to power supply and also gain from it. In this regard, BESCOM has invited bids from manufacturing firms who are in the field of manufacturing bidirectional (DLMS protocol) (single phase, three ... Read More »

    SECI to recruit in the position of Company Secretary

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    Solar Energy Corporation of India (SECI) invites application from experienced and qualified professionals for the post of Company Secretary. Solar Energy Corp of India is a govt of India Enterprise under the administrative control of Ministry of New and Renewable Energy and the pay scale for the post is Rs 36,600 – 62,000. Candidates have to apply online. The application form is available at the website (http://www.seci.gov.in). The prescribed form should be filled and a hard copy should be send ... Read More »

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