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8minutenergy Secures $21 Million USD Letter of Credit Facility from Rabobank

8minutenergy Renewables has secured a $21 million USD letter of credit facility from Rabobank. The purpose of the credit facility is to enable 8minutenergy’s utility-scale solar development activities across North America, including supporting the execution of Power Purchase Agreements and Interconnection Agreements associated with projects in various stages of development. “We are thrilled to be […]

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GMR Energy sells stake to Adani Transmission

GMR Energy Limited (GEL) has entered into definitive agreements with Adani Transmission Limited (ATL) to sell its 74% stake in Maru Transmission Services Limited (MTSL) and 49% stake in Aravali Transmission Services Limited (ATSL). Currently the stakes in MTSL and in ATSL shall be transferred to ATL with an option to acquire the balance stakes […]

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Tamil Nadu to produce 3,000 MW of power in next three years through solar rooftop

Tamil Nadu is planning to produce 3,000 MW of power in next three years through solar rooftop and develop green villages. Speaking on the sideline of 15th edition of CII Green Power 2016 P Thangamani, Minister for Electricity, Prohibition and Excise said that the state has developed a vision to become a global leader in […]

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KfW and IREDA signs 6th Line of Credit (LoC) for € 20 million

KfW Development Bank and Indian Renewable Energy Development Agency Ltd. (IREDA) have signed € 20 million Loan Agreement to be utilized by IREDA for “Access to Energy” by financing Renewable Energy projects in India. The 6th Line of Credit (LoC) signed between KfW and IREDA is on standalone basis without sovereign guarantee from Government of […]

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Chennai Metro to go fully solar by next year

Chennai Metro Rail Ltd. (CMRL) is reportedly planning to go fully solar in phase one of 2017. 1MW of solar power will be available in next few months, while another 8MW is expected to be accessible by next year. CMRL by installing solar panel will not only make it self-sufficient but it also plans to […]

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30 percent of 472 villages electrified this month are off-grid

According to the Rural Electrification Corporation (REC), electrification of 472 villages was completed this month (6june-28june) and about 142 of them got an off-grid connection. Solar PV has remained the most deployed off-grid connection in the country, with total installed capacity of 7.5GW as of May 2016. Nine out of eleven projects sanctioned under renewable […]

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Telangana Solar Energy Policy

Telangana Solar Energy Policy Updates 2017 In order meet the state’s rooftop solar target of 2,000 MW by 2022, the state government of Telangana will allow equated monthly instalments (EMI) base rooftop installation program for individual consumers prior being served to government employees in the state. Telangana has a vast solar potential with average insolation […]

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