India

Delay in Imposition of BCD on Solar Equipment Impacting Investments: CII

CII has urged the finance ministry to impose the BCD on solar equipment, stressing that the delay in implementation is impacting investments. The Confederation of Indian Industry (CII) in a written memorandum to the Ministry of Finance has urged the ministry to impose the planned basic custom duty (BCD) on solar equipment as announced in the last general budget, stressing […]

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Western Railway Wins First Prize In Energy Conservation Awards 2020

Western Railway bagged three prestigious National Energy Conservation Awards (NECA) in ‘Transport’ and ‘Building – Govt offices’ categories for the year 2020, by the Bureau of Energy Efficiency (BEE), Ministry of Power.  It has been awarded the First Prize in the Transportation Category along with First and Third prize in Buildings Category for Divisional Railway […]

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Perceived Risk of Investment in Indian Solar Market Cited in UNDP HDR

The latest edition of the UNDP HDR cited the case of India to explain the disparity in renewable investments around the world The latest edition of the United Nations Development Programme (UNDP) Human Development Report (HDR) cited the case of India to explain the disparity in the investments made in renewable energy amongst lower-middle-income and […]

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IndiGrid Acquires 100 MW Solar Assets of FRV in Rs 660 Crore Deal

IndiGrid has acquired the 100 MW Indian solar portfolio of Madrid-based Fotowatio Renewable Ventures (FRV), in a deal worth Rs 660 crore. India Grid Trust (IndiGrid) has announced in a regulatory filing that it has acquired the 100 MW Indian solar portfolio of Madrid-based developer Fotowatio Renewable Ventures (FRV), in a deal worth Rs 660 crore. The KKR-owned Infrastructure […]

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NTPC Planning for Renewable InvIT in JV With NIIF

NTPC is mulling over creating a JV with the central governments’ strategic investment fund NIIF to set up a renewable InvIT. State-owned power giant NTPC Ltd has proposed that it is mulling over creating a joint venture company with the central governments’ strategic investment fund NIIF to set up a renewable infrastructure investment trust (InvIT). As […]

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1 MW Integrated RE Project Inaugurated, Foundation for 100 MW Project Laid in Goa

Goa Power Minister Nilesh Cabral recently inaugurated the first 1 MW “convergence project” in the UT, and further laid the foundation stone for another 100 MW project. Nilesh Cabral, Minister for Power and New & Renewable Energy, Government of Goa, has recently inaugurated the first “convergence project”, which integrates the delivery of clean renewable decentralised […]

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Solar Tariffs Drop to a new low of Rs 1.99/kWh in Latest Gujarat Auction

The latest round of auctions for 500 MW worth of solar projects in Gujarat has seen tariffs drop to a new low of Rs 1.99/kWh in India. The latest round of auctions conducted by the Gujarat Urja Vikas Nigam Limited’s (GUVNL), for 500 MW worth of solar projects to be developed in the state, has […]

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Gujarat’s Borosil Renewables Raises Rs 200 Crore via QIP

Borosil Renewables has raised Rs 200 crore by issuing 1.58 crore shares through qualified institutional placement (QIP) India’s first and only solar glass manufacturer Borosil Renewables Ltd (BLR) has raised Rs 200 crore by issuing 1.58 crore shares through qualified institutional placement (QIP). As per the company’s statement, BRL has successfully completed fundraising of Rs […]

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