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Daily Archives: February 23, 2017

UK’s CDC Group plans renewable energy platform for India, South Asian countries

According to reports, CDC Group Plc, the UK government’s development finance institution, is planning to set up its own renewable energy platform focussed on east India and neighbouring countries. This dedicated platform will focus on eastern states such as Bihar, Odisha and Assam, and also set up clean energy projects in neighbouring countries such as Bangladesh, Nepal and Myanmar. “We can confirm that in the coming months, we are planning to launch a new independent renewable energy company, that will ... Read More »

Solairedirect raises Rs 675 crore from IDFC Bank

According to reports, IDFC Bank is creating a renewable energy niche in loans, sanctioning Rs 675 crore to a Rajasthan-based solar power project owned by French company Solairedirect. The deal could be an early sign of a revival in lending in India, especially after growth in industry credit hit a 62-year low of 5.1 per cent year-on-year for 2016, down from 10.6 per cent last year. Emails sent to IDFC Bank remained unanswered at the time of going to print. Gaurav ... Read More »

Wind power tariff likely to fall below Rs 4.5/unit

According to reports, after a drastic drop in solar tariff to Rs 2.97 per unit, the wind power rates may now fall to below Rs 4.5 per unit in an ongoing auction for 1000 MW capacities. The tariff based competitive bidding is being conducted today by the state-run Solar Energy Corporation of India for wind power capacities totalling 1000 MW for supply of power to non-windy states. “The wind power tariff quoted by the some of bidders has come down ... Read More »

Cabinet clears ₹8,100 cr to double solar parks capacity to 40GW

According to reports, enthused by the response it got in Madhya Pradesh, the Centre has decided to double the capacity target to be achieved by solar parks by 2019-20. The Cabinet Committee on Economic Affairs on Wednesday approved reworking of the scheme for development of solar parks and ultra mega solar power projects as well as enhancing the capacity from 20,000 MW to 40,000 MW (or 40 GW) for the projects. Will abate 55 mt of CO2 The projects will ... Read More »

Madhav Infra Projects to put its 34 MW solar assets up for sale

According to reports,Vadodara-based Madhav Infra Projects has put its 34 MW of solar assets up for sale. The company’s solar business is believed to be worth about R300 crore. Analysts reckon the move marks an incipient trend given that solar firms’ margins are falling to wafer-thin levels, making it difficult for smaller players to be in the business. Confirming the development to FE, Amit Khurana, managing director, Madhav Group, said that with a drop in tariffs for solar projects and ... Read More »

Wind power reverse auction today, may witness aggressive bidding

According to reports, India’s first reverse auction for wind power by state-run Solar Energy Corp. of India (SECI) on Thursday is likely to see aggressive bidding from wind power firms for the 1 gigawatt (GW) tender, according to companies and consultants. ReNew Power Ventures Pvt. Ltd, one of India’s largest independent wind power producers, expects the bidding to be aggressive and competitive. “Most of the bids have come either for Tamil Nadu or Gujarat, which are high-wind states and therefore ... Read More »

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