IFC Invests $35 million in PFS India towards Clean Energy

The International Finance Corp (IFC), the private financing arm of the World Bank, on Wednesday said it has subscribed to $35 million worth of 10-year non-convertible debentures issued by PTC India Financial Services (PFS) to boost long-term financing for renewable … Continue reading

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Adani Group Investing Heavily in Indian Solar Sector

Adani Group is planning to build India’s largest solar power facility of 10,000 MW capacity in Rajasthan. The memorandum of understanding (MoU) for this project was signed with Government of Rajasthan earlier in the year. Read more about that here. “The joint … Continue reading

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13GW of Solar Parks to be Setup by Year-End

The ministry of new and renewable energy (MNRE) is planning to set up around 13,000MW or 13GW of solar park projects by the year-end, after a push from the Prime Minister’s Office (PMO). These projects are spread across 20 states. … Continue reading

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IREDA Gets Miniratna Status

Indian Renewable Energy Development Agency Limited (IREDA) was awarded the Miniratna (Cateogry -1) status by the Department of Public Enterprises under the Union Ministry of Heavy Industry and Public Enterprises on 2 June 2015. Grant of status allows IREDA to … Continue reading

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SunEdison Plans to Invest $15 Billion in India

SunEdison plans to invest USD $15 billion in India by 2022, a top executive said. “We believe much of the growth in renewable energy in the next 15 years will be from emerging markets, and much of it will be from India … Continue reading

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Essel Group to setup 5GW Solar Parks in Rajasthan

Essel Group has entered into an agreement with the Rajasthan government to set up solar parks in Rajasthan, of combined capacity of 5 GW. The investment in this project is expected to be around Rs. 4000 crores. Essel Group and … Continue reading

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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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SunEdison of US Likely to Cut India’s Biggest Green Power Deal

SunEdison, the largest renewable energy development company in the world by generation capacity, is negotiating with the promoters of Mumbai-based Continuum Wind Energy to buy them out. The move will significantly consolidate its India presence and, if the deal is … 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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