Solar Energy National News

GoI, ADB Lend $300 Mn via IIFCL to Fund Projects Including Renewables

ADB funding is expected to fund at least 13 sub-projects through IIFCL, involving roads and renewable power generation, under the last tranche, says Kenichi Yokoyama. The Government of India (GoI) and Asian Development Bank (ADB) signed a USD 300 million loan agreement to support lending by India Infrastructure Finance Company (IIFCL). The Ministry of Finance […]

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Uttar Pradesh Issues Draft Regulation for Net Metering

The draft regulations is called Rooftop Solar PV Grid Interactive Systems Gross / Net Metering Regulations, 2019 The Uttar Pradesh Electricity Regulatory Commission (UPERC) has issued a new set of guidelines governing the net metering of surplus power generated by rooftop solar projects in Uttar Pradesh. The draft regulations is called Rooftop Solar PV Grid […]

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India Ready to Share Renewable Energy Expertise: R K Singh

The minister was talking to delegates of various countries during the seminar of ‘Know India Programme’. Taking a leadership role in the renewable energy domain, Union Power and New & Renewable Energy Minister R K Singh said that India is ready to share its expertise in renewable energy sector with small island nations. The minister […]

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Acme Solar takes NTPC to Court Over Tariff dispute

In a solar auction held by NTPC in August, Acme Solar had won a 600MW project in a total of 2000MW. In the latest fallout from the government imposed safeguard duty on solar panels and modules, Acme Solar has dragged the National Thermal Power Corporation (NTPC) to court over a dispute in tariff. In a […]

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Suzlon Energy Posts Net Loss at Rs 625.76 Cr in Sept Quarter

However, it’s consolidated total income from operations grew to Rs 1,221.89 crore during Q2 2018-19, as compared to Rs 1,179.07 crore during the same period last year. Leading wind turbine maker Suzlon Energy reported its consolidated net loss after tax at Rs 625.76 crore in the July-September quarter of FY19. “The consolidated net profit after […]

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Renascent Power to Buy 75% PPGCL under Stressed Asset Resoln Process

Further, this transaction is the result of stressed asset resolution process initiated by the lenders through a competitive bidding process. Renascent Power Ventures, arm of Resurgent Power, signed a Share Purchase Agreement (SPA) with a consortium of lenders led by State Bank of India (SBI) to acquire 75.01 percent stake in Prayagraj Power Generation Company […]

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Azure Q2 Loss Narrows to Rs 29.8 Cr on Revenue from New Projects

Further, the consolidated operating revenues of the company increased by Rs 40.2 crore, or 22 per cent to Rs 2,22.6 crore during Q2 2018-19, against the same period last year. Leading independent solar power producer Azure Power Global reported its consolidated net loss narrowed significantly to Rs 29.8 crore during the July-September quarter of FY19, driven […]

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PROINSO Offers Free Access of Plant Monitoring Software to Indian Clients

This offer is exclusive to PROINSO’s customers in India and can help save up to USD 500 per project. UK-headquartered PROINSO has partnered with Inspire Clean Energy (ICE) to offer its project clients one year of free access to the market-leading solar PV plant monitoring software. This offer is exclusive to PROINSO’s customers in India […]

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ENGIE Acquires 90% Stake in Simpa Energy India

ENGIE has acquired 90 percent stake in Simpa Energy India French clean energy giant ENGIE has acquired a controlling stake in Simpa Energy India Pvt Ltd the company announced. The move is set to expand ENGIE’s geographical footprint and accelerate the company’s growth. ENGIE has acquired 90 percent stake in Simpa Energy India from its […]

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