ACME Commissions 100 MW Solar PV Plant in Rajasthan

Solar power producer ACME on Wednesday announced the commissioning of 100 megawatts (MW) solar power plant in Rajasthan, thus fulfilling its commitment towards the National Solar Mission Phase-II. A total of 05 number (20 MW x 5) projects form the … Continue reading

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Rs 5000 Crore to be Raised via Tax-free Bonds

State-owned firms, including Power Finance Corp. Ltd (PFC), Rural Electrification Corp. Ltd (REC) and Indian Renewable Energy Development Agency Ltd (IREDA) will raise Rs.5,000 crore by selling tax-free bonds to raise low-cost and long-term funds to help finance India’s plan … Continue reading

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Dedicated Solar Power Store launched by Amazon India

E-commerce giant Amazon has launched a dedicated store for solar power equipment banking on the impending boom in the Indian solar power market. Amazon India will offer solar power equipment through a dedicated store on its website. The launch of this … Continue reading

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NTPC Opens Bidding for 510MW of Solar EPC Contracts

Indian utility National Thermal Power Corporation (NTPC) is tendering engineering, procurement and construction (EPC) contracts for 250MW of solar capacity in Madhya Pradesh and 260MW in Rajasthan. NTPC has invited bids for Solar EPC contracts for 250MW of solar PV … Continue reading

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India’s renewable energy mission gets praise from UK-based energy firm

An Indian-origin chief of a UK-based energy firm has said that India’s goal of 175GW of power from renewable energy sources is an achievable target. “The Indian government recently set an ambitious goal of adding 100 Gigawatt of solar capacity … Continue reading

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ReNew Power Looks to Raise $150-200 million in PE Funding

Encouraged by the government’s focus on renewable energy, companies in the sector are starting to raise funds in preparation for new business opportunities. ReNew Power Ventures Pvt. Ltd is one such company and has started initial discussions to raise about … Continue reading

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$2 Billion Renewable Energy Fund created by Santander

A new $2 billion renewable energy fund has been launched in London on 28 May 2015. Leading Spanish lender Santander has collaborated with two of Canada’s biggest pension funds for creation of this renewable energy fund. This fund is jointly owned by … Continue reading

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Million Jobs in Indian Renewable Energy Sector by 2022

India is world’s third-largest emitter of greenhouse gases but 127th in terms of per capita emissions. Indian renewable energy sector, which has been among the top priorities for Prime Minister Narendra Modi, has generated 400,000 jobs till 2014, according to a … Continue reading

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Policy on 100 GW solar power to be approved in few days: Minister

According to reports, the government is likely to approve in few days a final policy on adding 100 GW of solar power, as it targets energy generation of 175 GW from renewable sources by 2022. “Government has already approved 19 … Continue reading

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NTPC To Issue Green Bonds Worth $500 Million

NTPC Limited (formerly National Thermal Power Corporation) is planning to raise $500 million by issuing green bonds. The company will also raise an additional $500 million through conventional rupee-denominated bonds. The funds raised through these bond issues, certainly the green … Continue reading

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