Credit to Author: Saurabh| Date: Tue, 16 May 2023 15:35:51 +0000
Some of the leading global pension funds are vying for a stake in the latest renewable energy yieldco offering in India. According to media reports, Canadian pension fund British Columbia Investments (BCI) and Dutch pension fund APG Asset Management are among several investors looking to acquire a stake in Mahindra Susten’s yieldco — commonly called […]
Credit to Author: Saurabh| Date: Thu, 27 Apr 2023 21:05:03 +0000
A subsidiary of India’s largest power generation company has announced the launch of a massive energy storage tender. NTPC Renewable Energy Limited, a wholly owned subsidiary of government-owned NTPC Limited, recently initiated the process to launch a tender for 9 gigawatt-hours of energy storage capacity. NTPC Renewable Energy Limited houses all renewable energy assets developed […]
Credit to Author: Saurabh| Date: Thu, 13 Apr 2023 18:35:13 +0000
German development bank KfW has approved a loan for developing a transmission project to support renewable energy projects in India. According to media reports, the government of Kerala has received nod from KfW for a loan worth Rs 916 crore ($110 million). The funding will enable construction of a transmission project worth Rs 14.5 billion. The […]
Credit to Author: Saurabh| Date: Thu, 13 Apr 2023 14:08:25 +0000
India’s largest mass rapid transit system has announced plans to significantly increase power procurement from solar power projects. Delhi Metro has announced that it will increase share of solar power in its total power procurement to 50% by 2031. At present, Delhi Metro Rail Corporation (DMRC) sources 34% of its power from solar power projects. […]
Credit to Author: Saurabh| Date: Wed, 12 Apr 2023 20:28:56 +0000
India-based Vibrant Energy has secured debt funding for a large scale solar-wind hybrid project. According to media reports, Vibrant Energy has secured Rs 22 billion ($270 million) debt funding for a 300 megawatt solar-wind hybrid project. Funding will be provided by Power Finance Corporation, a government-owned non-banking financial institution. The project will be located in […]
Credit to Author: Saurabh| Date: Wed, 12 Apr 2023 16:05:40 +0000
India has once again announced ambitious plans to speed up auctions for renewable energy projects. India’s Ministry of New and Renewable Energy has issued an updated timeline for issuance of renewable energy tenders. The Ministry has laid out plans to issue tenders for 50 gigawatts of renewable energy capacity every year between the financial years […]
Credit to Author: Saurabh| Date: Wed, 08 Mar 2023 18:35:53 +0000
India’s Ministry of Power has issued draft guidelines to procure power from pumped hydro storage projects to better integrate renewable energy capacity in the grid. According to a document released by the ministry of power, the country envisages setting up 18 gigawatts of pumped hydro storage capacity. The projects shall be used to meet peak […]
Credit to Author: Saurabh| Date: Wed, 08 Mar 2023 17:35:47 +0000
Two of the leading industrial conglomerates in India have committed to set up large scale renewable energy projects in the southern state of Andhra Pradesh. Reliance Industries and the Adani Group have reportedly announced plans to set up a total of 25 gigawatts in the state of Andhra Pradesh over the next few years. Neither […]
Credit to Author: Saurabh| Date: Tue, 15 Nov 2022 23:05:30 +0000
Welcome to another issue of our India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in India into a single, concise summary article about the country. Cleantech Investments Borosil Renewables Acquires Majority Stake In European Solar Glass Maker India’s largest solar glass manufacturer, Borosil Renewables, has acquired […]
Credit to Author: Saurabh| Date: Tue, 15 Nov 2022 23:05:25 +0000
Private equity investment firm KKR has announced plans to acquire a stake in a budding renewable energy platform in India. The firm will reportedly invest $400 million in Serentica Renewable. The renewable energy company is promoted by the Vedanta Group. The company plans to set up 5 gigawatts of renewable energy capacity over the next […]