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Daily Archives: May 18, 2017

India eyes cooperation with Africa on international solar alliance

According to reports, India is eyeing cooperation with African nations on the International Solar Alliance (ISA) initiative and looking forward to deepen economic cooperation during the upcoming annual meetings of African Development Bank (AfDB) Group here from May 22. For the first time, India would be hosting the annual meetings of the bank here from May 22-26. The annual meet will be inaugurated by Prime Minister Narendra Modi on May 23. “India would seek to leverage this occasion to further deepen ... Read More »

International Solar Alliance to set up $300 bn fund

According to reports, the International Solar Alliance (ISA) is proposing to set up a $300 billion fund to support clean energy projects in member countries over the next 10 years. “The proposal is to strive for 300 billion dollar global fund over 10 year with contributions from the World Bank … and also from Green Climate Fund to leverage $3,000 billion investment from the corporate sector for meeting investment requirement for solar energy programmes and projects in ISA member countries ... Read More »

International Solar Alliance expects 15-nation support to be legal entity

According to reports, Interim Director General of International Solar Alliance (ISA) Upendra Tripathy on Thursday said that the alliance hopes to get a ratification from 15 nations to become a legal international body. “We expect that in the next three-four months we should reach that magic figure of ratification by 15 nations,” Tripathy told IANS on the sidelines of a media briefing here.  “Thirty days after the fifteenth nation puts its instrument of ratification and deposit in Ministry of External ... Read More »

A tricky path to India’s solar-powered future

According to reports, a new tariff war is playing out in the Indian solar power space. Tariffs plunged to a new low of Rs2.44 per kilowatt-hour (kWh) last week during an auction for 500 megawatt (MW) capacity at the Bhadla solar park in Rajasthan. Tariffs in the solar space have declined significantly over the years and have come down from levels in excess of Rs10 per kWh at the beginning of this decade to the present record lows, as capacity ... Read More »

ADB Issues Green Rupee-Linked Bond to Support Renewable Energy in India

According to reports, the Asian Development Bank (ADB) has raised 3 billion Indian Rupees (INR), about $47 million, from a new issue of offshore Indian Rupee-linked bonds to help finance climate change mitigation and adaptation projects in India. Today’s fundraising represents ADB’s maiden Indian Rupee green bond and shows the institution’s long term commitment to financial market development in India, said ADB Treasurer Pierre Van Peteghem. In today’s markets, green bonds are an increasingly important source of financing for climate ... Read More »

CLP India eyes transmission corridors, smart grids

According to reports, CLP India, part of the 115-year-old Hong Kong-based energy company, is eyeing potential buyouts, transmission project bids and renewable energy sector space in the country. The company, whose installed capacity is close to about 3 giga watt (3000 MW) in the country, is expected to see its renewable energy capacity going past the one giga watt mark with the commissioning of the 100 MW solar park at Veltoor in Telangana. Rajiv Mishra, Managing Director of CLP India, ... Read More »

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