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Daily Archives: July 1, 2015

USAID to assist IIFCL raise USD 665m of green finance

According to reports, in an effort to scale up India’s renewable energy capacity, the U.S. Agency for International Development (USAID) on Tuesday signed a Memorandum of Understanding (MOU) with IIFCL Asset Management Company Ltd. (IAMCL) to provide technical assistance for increasing investment in renewable energy in the country by USD 665 million. The MOU was signed by Manpreet Anand, Deputy Assistant Administrator, USAID Asia Bureau, and E. S. Rao, CEO of IAMCL at their office in New Delhi. As part ... Read More »

Infosys makes ambitious plan to go green by 2018

According to reports, Infosys, India’s second largest IT services exporter, has set an ambitious target of meeting all of its electricity requirements only from renewable resources by 2018. It also plans to set up solar power units that generate a sum total of 170MW by 2018. Infosys, which met 29.11% of its overall electricity requirements from renewable sources of energy with investment in 15 MW solar photovoltaic plants in FY15, plans to generate 57 MW of solar power in the ... Read More »

Rays Power forays into wind and transmission sector

According to reports, Rays Power Infra Pvt Ltd, one of the biggest solar EPC companies in India, today announced its foray into wind and transmission business with the commissioning of 160 MW project in Jaisalmer. It plans to invest Rs 200 crore in Andhra Pradesh, Telangana and Karnataka by 2016. “The company commissioned a 160 MW wind project, at a single location in Jaisalmer, along with a 220 KV sub-station and transmission line,” Rays Power said in a statement. These ... Read More »

Solar power target tough

According to reports, the government’s plan to raise the country’s solar power generation capacity to 1,00,000 MW (100 GW) in seven years is seen as too ambitious. This means a five-fold increase from the target for 2022 set by the UPA government, which had itself been considered difficult to achieve. But some assumptions and situations have changed in the recent past, which might warrant the setting of a higher target. The plan now is to generate 40 GW through rooftop ... Read More »

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