green energy

Hero Future Energies and IFC to Invest $243.3 Mn in Rajasthan Solar Project

The project will be supported by the World Bank’s  International Finance Corporation (IFC), which will invest around $43.3 million (Rs 300 crore). Hero Future Energies Global (HFE), the clean energy arm of the Hero Group has revealed its plans to invest close to $200 million (Rs 1404 crore) for its latest solar project in Rajasthan. The company […]

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European Commission Approves EUR 385 Mn Support For RE Transition in Lithuania

The scheme will contribute to Lithuania’s transition to low carbon and environmentally sustainable energy supply, in line with the EU environmental objectives and our state aid rules. The European Commission has approved, under EU State aid rules, a scheme to support electricity production from renewable energy sources in Lithuania. The measure, open to all types […]

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ADB Approves $100 Mn Facility For Renewable Power Projects in Pacific

The Asian Development Bank (ADB) has approved an umbrella facility of up to $100 million which will provide financing support including loans, guarantees, and letters of credit to overcome constraints to private sector investment in renewable power projects in Pacific island countries. The ‘Pacific Renewable Energy Program’ will support an estimated 5 separate renewable energy projects in […]

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India’s Renewable Push On Track Despite 2018/19 Blip

IEEFA’s briefing note, India’s electricity sector transition still on track despite a weak FY2018/19, projects renewable additions through 2021/22 based on the auction and tender activities during the past 18 months. The 2018-19 financial year turned out to be a sluggish year for both the renewable as well as thermal sectors in India in terms of increased […]

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South Korea Steps Away From Coal and Towards Renewables

The South Korean Ministry of Trade, Industry and Energy has tabled a new draft energy master plan that increases the nation’s ambition to move away from coal and towards renewable energy. The South Korean Ministry of Trade, Industry and Energy has tabled a new draft energy master plan that increases the nation’s ambition to move […]

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NBCIL Invites Developers For Setting Up Solar Projects Under CPSU-II Scheme

The Corporation has identified factory lands spanning over 10.46 acres in Ghaziabad for the development of solar power plants. The National Bicycle Corporation of India (NBCIL), a Government of India Undertaking, with reference to SECI’s 2000 MW grid-connected solar PV projects under CPSU Scheme, Phase-II, Tranche-I has invited government producers interested in participating in the […]

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SECI Extends Deadline For 1200 MW Hybrid Tender

The last date for bid submission has been extended to May 7, 2019, from April 23, 2019. And the techno-commercial bids will be opened on the same date i.e. May 7, 2019. The Solar Energy Corporation of India (SECI) has extended the deadline for bid submission on its tender for setting up ISTS connected 1200 […]

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Tata Power Shifts Complete Focus to Renewable Energy, to Cease Building New Coal Plants: Report

Utility ceases new coal-fired power development, creates a future based on renewables. One of the country’s largest private integrated power company, Tata Power has recently made it publicly clear that it will cease building new coal-fired capacity, according to a report released by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Tata Power: […]

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