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IL&FS Moves to NCLAT Seeking Release of Rs 145 Cr Held by Guj Discom

Debt-ridden firm IL&FS has approached NCLAT seeking the release of around Rs 145 crore held by  Gujarat Urja Vikas Nigam (GUVNL). Debt-ridden firm IL&FS has approached the National Company Law Appellate Tribunal (NCLAT) seeking the release of around Rs 145 crore held by the Gujarat-based distribution company Gujarat Urja Vikas Nigam (GUVNL). A two-member NCLAT bench […]

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Google Announces Biggest Corporate Purchase of RE, 18 Deals Worth 1600 MW

Google, which is the world’s largest corporate buyer of renewable energy, has now announced what is the biggest corporate purchase of RE in history. Tech giant Google, which is the world’s largest corporate buyer of renewable energy (RE), has now announced what is the biggest corporate purchase of RE in history. The purchase is made […]

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Rajasthan Issues Draft Solar Energy Policy, Seeking Comments & Suggestions

Rajasthan has issued its draft Solar Energy Policy 2019, with the aim to deploy 25 GW capacity in the state by 2020-2021 and 50 GW over the next 5-6 years The Rajasthan Renewable Energy Corporation Limited (RRECL), has issued its draft Solar Energy Policy 2019 for Rajasthan. The policy aims to deploy 25 GW of […]

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Neoen to Build Renewable Super Hub in South Australia

Neoen has unveiled its plans for a massive new renewable super hub in South Australia featuring wind, solar and battery storage facilities. Neoen Australia, a subsidiary of French renewable energy producer Neoen, and the company that operates the world’s largest Lithium-ion battery has unveiled its plans for a massive new renewable super hub in South […]

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Largest Solar Project in Southeast Asia Opens in Vietnam

The Dau Tieng Solar Power Complex has been inaugurated in Vietnam, and with a capacity of 420 MW, it is now the largest solar project in Southeast Asia. The Dau Tieng Solar Power Complex has been inaugurated in Vietnam, and with a designated solar capacity of 420 MW, the project is now the largest solar […]

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Duke Energy Completes Sale of 1.2 GW Renewable Assets to John Hancock

Duke Energy has completed the sale of a minority interest in a portion (1.2 GW) of its commercial renewable energy portfolio to John Hancock North Carolina-based power utility, Duke Energy has announced that it has completed the sale of the previously announced minority interest in a portion (1.2 GW) of its commercial renewable energy portfolio […]

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Floating Solar to Expand 100-Fold in Southeast Asia: Report

Floating PV panels are making a splash in Southeast Asia, and a new study expects floating solar developments, to increase 100-fold in the next 5-15 years Floating PV panels are making a splash in Southeast Asia, where gigawatts (GW) worth of utility-scale solar power are planned in the coming years. Development plans are in the […]

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Delhi Discoms Cut Regulatory Assets by Rs 3029 cr in 5 Years

Delhi Discoms have seen a steady decline in regulatory assets to Rs 8,377 crore over the last five years, down by Rs 3029 crore in that period. The power sector in Delhi has seen a steady decline in regulatory assets to Rs 8,377 crore over the last five years, helping the AAP government keep tariffs under check, […]

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IFC Raises $569 mn From 1st Canadian Green Bond

IFC has issued its 1st Canadian dollar green bond, raising USD 569 million for climate-smart business. The International Finance Corporation (IFC), a member of the World Bank Group, has issued its first Canadian dollar green bond, attracting strong investor demand and raising CAD750 million (USD 569 million) for climate-smart business. The proceeds of the five-year […]

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