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Daily Archives: March 12, 2017

Actis sets aside $500 million for renewable energy projects in India

According to reports, private equity fund Actis Capital, which has just completed raising $2.75 billion, has earmarked $500 million for investing in India’s wind and solar projects, according to industry sources. Actis completed its fourth energy fund a couple of days back. It had targeted $2 billion, but ended up with $2.75 billion upon oversubscription. In a press release, Actis’s Partner and Co-head of energy business, Mikael Karlsson, notes that “as the leading growth market investor in the energy sector, ... Read More »

India’s solar capacity grows over 3 folds to 10,000 Megawatt in three years

According to reports, India’s solar power generation capacity has crossed 10,000 megawatt (MW), a more than three-time jump in less than three years as government pushes for renewable energy sources to meet galloping demand. The milestone came as NTPC Ltd, India’s largest power producer, commissioned a 45 MW solar power project at Bhadla in Jodhpur, Rajasthan. “Bright Future: India has crossed 10,000 MW of Solar power capacity today. More than 3 times increase in less than 3 years,” Power, Coal, ... Read More »

NLC may scrap Odisha solar project on poor response

According to reports, solar is not cheap everywhere and this is what Neyveli Lignite Corporation has learnt. The public sector ‘navratna’ company floated a tender for turnkey contract for building 250 MW of solar projects in Odisha, but the entire programme is in danger of getting scrapped. The tender asked bidders to name their prices under two categories — using only locally made cells and modules, with ‘viability gap funding’ from government of India, and in the ‘open’ category. In ... Read More »

Mitsui Group said to be looking for a role in India’s clean energy story

According to reports, taking a cue from JERA Co. Inc., Japan’s Mitsui Group is looking at investments in India’s clean energy sector. Interest from one of Japan’s largest corporates in India’s renewable energy play comes in the backdrop of India courting investments for its clean energy sector. India has witnessed record low solar and wind tariffs due to falling equipment prices and the lower cost of raising finances. This in turn has put the focus on so-called patient capital, which ... Read More »

Price of solar power may fall further in FY18

According to reports, solar power generation costs are set to dip further during third and fourth quarter of 2017-18, helped by expected softening of interest rates and a drop in solar panel prices due to a supply glut in the international market, analysts say. Solar power costs had hit a low of Rs 3.30 per unit last month, which is equal to average generation tariffs of NTPC, which produces bulk of its power from coal. NTPC’s lowest cost of generation ... Read More »

Germany provides 200 mn euro for India’s Energy Efficiency Programme

According to reports, India and Germany on Friday inked an over 200 million euro (Rs 1,400 crore) loan agreement, taking the total German commitment for better energy efficiency in India to 600 million euro (Rs 4,200 crore), a statement said. The agreement, inked at the German Embassy in the presence of German Ambassador Martin Ney, was between the German Development Bank (KfW) on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ) and Energy Efficiency Services Limited (EESL), ... Read More »

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