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Daily Archives: April 4, 2017

India, UK to set up 500 mn pound fund to finance green energy

According to reports, India and the UK today decided to set up a 500 million pound fund, with both governments together investing 240 million pound, to finance clean energy projects here. The fund will be set up as a sub-fund of the Rs 40,000 crore National Investment and Infrastructure Fund (NIIF), which was formed in 2015 to finance greenfield as well as brownfield projects. While India and the UK will be the anchor investors to the ‘Green Growth Equity Fund’ ... Read More »

Ostro Energy plans $250 million bond issue

According to reports, Ostro Energy Pvt. Ltd, the renewable energy platform set up by private equity firm Actis, plans to raise $250 million by selling bonds overseas, two people aware of the development said. The Delhi-based firm is in the process of hiring bankers for the bond sale. Ostro plans to build a 1,000 megawatt (MW) portfolio of renewable energy projects by 2019. “The money will be used for greenfield projects and reducing debt,” said one of the two people, ... Read More »

Payment delays pose risk to wind and solar projects: Mercom Capital report

According to reports, payment delays by distribution companies (discoms) to wind and solar projects in India is hurting project costs for companies and posing a challenge to the sector’s growth plans, Mercom Capital Group said in a report on Tuesday. Payment delays by discoms to these projects is hurting their liquidity and payment to lenders. Discoms in Tamil Nadu, Rajasthan and Maharashtra, Madhya Pradesh, Andhra Pradesh, Telangana and Jharkhand have so far found it difficult to pay renewable energy producers ... Read More »

IWTMA KEEN TO HELP STATE WITH WIND PROJECTS

According to reports, the Indian Wind Turbine Manufacturers Association (IWTMA), an apex wind energy sector body has expressed its willingness to extend a helping hand to Chhattisgarh Government for its Renewable Energy policy with thrust on wind energy. This policy will go a long way in further harnessing Renewable Energy in a big way in addition to the already launched green initiatives by the State Government, OP Taneja, Associate Director, IWTMA said in a Press conference held here on Wednesday. ... Read More »

Cabinet okays pact on large-scale grid linking of clean energy

According to reports, the Cabinet today approved signing of a pact between Forum of Regulators (FOR) and National Associations of Regulatory Utility Commissioners (NARUC) for large-scale grid integration of renewable energy. “The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU) between FOR and National Association of Regulatory Utility Commissioners (NARUC) in the area of large-scale grid integration of renewable energy,” an official statement said. The MoU envisages to ... Read More »

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