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Daily Archives: April 13, 2017

IDFC Alternatives eyes First Solar’s $200 mn assets in India

According to reports, IDFC Alternatives is reported to be looking to buy First Solar’s 200 MW of renewable power assets in India in a deal potentially valued at around $200 million. IDFC Alternatives, the asset management arm of the infrastructure-focused lender, is currently in talks to buy First Solar’s 200 megawatts (MW) of renewable power assets in India, a Mint report said quoting two people close to the development. First Solar, a US-based photovoltaic (PV) panel maker, was one of the ... Read More »

Vikram Solar commissions 10 MW solar plant at Tirupati in AP

According to reports, clean energy solutions provider Vikram Solar today said it has commissioned a 10 mw solar plant at Tirumala Tirupati Devasthanams land in Andhra Pradesh. “The project has been developed under the PPA scheme between Tirumala Tirupati Devasthanams (TTD) and Vikram Solar Pvt Ltd,” Vikram Solar said in a statement today. The project will facilitate green power generation to cater to the energy needs of one of the most famous religious landmarks in India, it said. With this ... Read More »

India solar transactions top global fund raise of $3.2 billion so far in 2017: report

According to reports, Indian renewable energy companies have raised over $1.62 billion during the first quarter of 2017 in transactions ranging from venture capital (VC) funding, debt financing, project funding and merger and acquisitions (M&A), according to data from Mercom Capital Group Llc., a global clean energy consulting firm. Transactions in Indian solar and renewable energy companies made up for nearly half of the total global funding raised by solar companies around the world in the first three months of ... Read More »

Orient Green jumps on pact with IL&FS

According to reports, Orient Green Power Company rose 3.68% to Rs 10.14 at 14:17 IST on BSE after the company extended exclusivity pact with IL&FS for merger of wind businesses. The announcement was made during trading hours today, 13 April 2017. Meanwhile, the S&P BSE Sensex was down 108.14 points, or 0.36% to 29,535.34. On the BSE, 1.11 lakh shares were traded in the counter so far, compared with average daily volumes of 1.38 lakh shares in the past one ... Read More »

Govt should call for 5,000-6,000 MW tenders for wind power sector: IWTMA

According to reports, rather than inviting competitive bids for 1,000 megawatt (MW) wind power projects, the Central government should call for 5,000-6,000 MW tenders to give a clear direction to the wind power sector, the Indian Wind Turbine Manufacturing Association (IWTMA) said. “The government wants everything to be procured through competitive bidding. We are for it. In their first initiative, they started with competitive bidding for 1,000 MW. But we feel that 1,000 MW is not enough… you come with ... Read More »

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