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Vineet Mittal’s Avaada Energy bags another $15 million from PROPARCO

French development financial institution PROPARCO, has been reported to have made a $15 million equity investment in independent renewable power producer Avaada Energy Private Limited. For the Vineet Mittal led Avaada Energy, the fund raise further buttresses its  credentials as an attractive option in India for funding by DFI’s. Earlier this year in April 2019, […]

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Pakistan Signs Deal for 560 MW of new Wind Energy Capacity

Pakistan through its AEDB has signed implementation agreements with 11 wind IPPs for 560 MW of new wind energy capacity to serve the Pakistan grid. In the efforts to achieve greater energy security, the Government of Pakistan through it’s Alternative Energy Development Board (AEDB) has signed implementation agreements and guarantees direct agreements with 11 wind […]

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Ideanomics’ MEG Secures 35,000 EV Taxis Order in China

Ideanomics’ MEG has secured an order for 35,000 EV Taxis from the Yunnan Energy Investment Group in China. Ideanomics, a global financial technology company has announced that it’s Mobile Energy Global (MEG) division has secured an order for 35,000 Electric Vehicle (EV) taxis from the Yunnan Energy Investment Group, which is a province-designated entity for […]

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Magenta Power Ties up With Lodha Group for EV Charging Solutions

Magenta Power has tied up with Lodha Group to provide complete end to end EV charging solutions in their upcoming projects at Dombivli and Thane, Mumbai. Magenta Power, a leading electric vehicle (EV) charging solutions provider in India has announced that it has tied up with Lodha Group, listed amongst the coveted real estate developer, […]

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Need Collaborative Approach to Building Future-Ready Energy Efficient Ecosystem

INSPIRE 2019 featured some ways to harness technology to make the next generation of urban and rural spaces resilient, inclusive, and energy-efficient. The two-day International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE 2019) concluded in Mumbai and featured some of the most prominent leaders and experts discussing ways to harness technology to […]

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Part 2 on The Discom Perspective of Solar. Solutions

Continuing from Part 1 of the analysis yesterday, we move to part 2 today, on the solutions discoms have proposed. In part 1 of our analysis of the report ” Solar Rooftop-The Discom Perspective”, we shared with you the key issues flagged by multiple discoms across India , when it comes to their relationship with […]

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EESL to Host Inspire 2019, With Focus on Energy Security and Sustainability

In a bid to foster a conducive ecosystem for sustainable energy through innovation, EESL will host INSPIRE 2019 from November 11 to 12, 2019, in Mumbai. In a bid to foster a conducive ecosystem for sustainable energy through innovation, Energy Efficiency Services Limited (EESL) a joint-venture of PSUs under the Ministry of Power, Government of […]

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Mainstream Power Closes $580 Mn Renewable Financing Deal in Chile

Mainstream Renewable Power has reached financial close for the 1st phase of its wholly-owned and fully-contracted 1.3 GW wind and solar platform in Chile. Mainstream Renewable Power has reached financial close for the first phase of its wholly-owned and fully-contracted giant 1.3 gigawatts (GW) “Andes Renovables” wind and solar power generation platform in Chile. The […]

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Global Wind Technology Tenders Down 26 percent in Q3 2019

Wind technology tenders activity in Q3 2019 saw a drop of 26 percent over the last four-quarter average of 58. Wind technology tenders activity in Q3 2019 saw 43 tenders announced, marking a drop of 26 percent over the last four-quarter average of 58, according to a new analysis. According to GlobalData’s power industry tenders […]

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