Tags: green energy

3200 MW solar projects to be set up in Maharashtra in next two years

Solar projects with 3200 mw capacity will be set up in Maharashtra in the next two years, power minister Chandrashekhar Bawankule said Wednesday. He said the chief engineer in each of the 16 zones of Mahavitaran, the state-run power distribution company, has been directed to ensure setting up of 200 mw solar projects (total 3,200 […]

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Adani Green Energy acquires Kodangal Solar Parks Pvt Ltd.

Adani Green Energy (AGE) recently said it has acquired 51 per cent equity share capital of Kodangal Solar Parks Pvt Ltd (KSPPL) from FS India Devco Pvt Ltd for about Rs 1.69 crore. Adani Green Energy already held 49 per cent stake in KSPPL. KSPPL was incorporated in August 2015 and has set up 20 […]

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Global solar sector sees corporate funding worth $9.7 billion in 2018

The global solar sector witnessed a total corporate funding activity worth USD 9.7 billion in 2018, a 24 per cent drop compared to the year-ago period, according to a report. Mercom Capital Group said the total global corporate funding, including venture capital (VC), debt financing and public market financing stood at USD 9.7 billion, a […]

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Renewable energy – ‘Economic moats’ to drive further growth

The renewable energy sector in India has been dynamic in the last two decades, and especially over the last few years, with ambitious targets. That said, recent bottlenecks the sector has faced suggest that businesses in the sector require to focus on creating “economic moats” to enable the next phase of growth. The term “economic […]

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Vibrant Gujarat Summit likely to see investments of Rs. 50,000 cr in renewable energy sector

The upcoming Vibrant Gujarat Summit 2019 (VGGS) expects to see commitment of investments worth a whopping Rs 50,000 crore in the renewable energy sector in the state, according to officials. The state-owned Gujarat Power Corp Ltd (GPCL) will be laying the foundation stone for the biggest 5000mw solar power park worth Rs 25,000 crore within […]

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Oakridge Energy raises India’s first residential rooftop solar line of credit from Dutch lender

Oakridge Energy has raised a first line of credit from the Indian arm of Dutch social impact investor Oikocredit for financing a pilot of residential solar rooftop installations Oakridge intends to install. Oikocredit is among the world’s leading social impact investors with total assets of about 1.3 billion euros, over 693 partners and presence across […]

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CEL invites bids for 11 MWp Grid Tied Solar PV Plants in Maharashtra

Central Electronics Limited (CEL) invites online bids from eligible bidders for 11 MWp Grid Tied Solar PV Plants ranging from 400 KWp to 500 KWp at various locations in the State of Maharashtra The Scope of Work includes all design, engineering, procurement & supply of equipment and materials (except solar PV modules), pre dispatch testing […]

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Tata Cleantech Capital raises Rs 180 crore via maiden green bond from FMO

Tata Cleantech Capital (TCCL), a joint venture between Tata Capital and the International Finance Corporation (IFC), Wednesday said it has raised Rs 180 crore through its maiden five-year green bond from Netherlands-based development bank, FMO. The proceeds of the bond will be used to finance eligible green projects, the company said in a release. “The […]

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