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    Renewable power to GUVNL’s rescue

    According to reports, renewable energy generation, which has crossed 3,400 MW, has come as a big relief for state-run power utility Gujarat Urja Vikas Nigam Limited (GUVNL), which has been forced to buy costly gas-based power in the wake of lower supplies by top private power producers. Solar power generation has gone up to over 750 MW in the past few days, while wind power generation has been above 2,500 MW due to gusty winds. Energy expert KK Bajaj said ... Read More »

    Cleanmax Solar to invest Rs 500 cr in roof top solar projects this year

    According to reports, Mumbai-based solar energy firm Cleanmax Solar, which reported to have a 23 per cent market share in rooftop solar space, is planning to double its rooftop installation to 100 MW with an investment of around Rs 500 crore. The company is in talks with various investors including private equity firms to raise funds. “Last year in rooftop solar, we did around 45 MW projects. In the current fiscal year we are looking at something upwards of 100 MW ... Read More »

    Renewable energy no longer a niche to institutional investors

    According to reports, institutional investors remain eager to put money to work on renewable energy projects even as U.S. President Donald Trump has vowed to revive their chief competitor: coal, financial executives said at a conference this week. “Five or six years ago, funds weren’t specifically targeting renewable investment; today it’s a key component of infrastructure investment,” said David Giordano, managing director and head of North American, Latin American and Asia Pacific investments at BlackRock, on the sidelines of the ... Read More »

    Maharashtra to float tender for 500 MW solar park

    According to reports, Maharashtra, with the present solar installed capacity of 406 MW, has undertaken capacity addition of 2,500 MW by 2022 through public private partnership (PPP) and engineering procurement construction (EPC) basis. The state-run Maharashtra State Power Generation Company (MahaGenco) will invite tender in July for the development of a solar park with 500 MW capacity at Dondaicha in Dhule district. The proposed solar park will be set up in an association with the Solar Energy Corporation of India (SECI), ... Read More »

    TN to increase installed capacity of solar energy

    According to reports, Tamil Nadu Government has floated tenders for generating solar energy to the tune of 1,500 MW as part of its proposal to increase the installed power capacity in solar energy to 5,000 MW in coming years. According to the policy note tabled in the state assembly by Electricity Minister P Thangamani today, Tamil Nadu had a total solar installed capacity of 1,702.40 MW as of May 31, 2017. “Tamil Nadu has harnessed around 1,644 million units of solar ... Read More »

    IREDA awaits RBI nod to issue green masala bonds

    According to reports, the Indian Renewable Energy Development Agency (IREDA) is waiting for the approval of the Reserve Bank of India to issue green masala bonds having a tenure of five years to raise close to $300 million, a source said. A masala bond is a rupee-denominated bond issued in the overseas market. A green bond is used to raise money to fund green projects. The central bank recently issued a new notification stating that all proposals for issuing masala bonds ... Read More »

    CleanMax Solar bags 2.5 MW order from IPGCL

    According to reports, on-site Solar power producer CleanMax Solar today said it has bagged an order of 2.5 MW from Indraprastha Power Generation Co Ltd (IPGCL). “CleanMax Solar has been awarded a 2.5 MW contract by IPGCL who has the mandate to execute solar project on behalf of Department of Power, Delhi Government to meet their growing power demands at several institutes and prime locations around the city,” the company said in a statement. According to statement with this order, CleanMax ... Read More »

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