ReNew Power Limited, India’s largest renewable energy Independent Power Producer (IPP), has successfully raised $300 million dollars through a rights issue. Goldman Sachs, Abu Dhabi Investment Authority (ADIA) and Canada Pension Plan Investment Board (CPPIB) have subscribed to the issue with each of the shareholders infusing $100 mn. The rights Read more…
Following the recent announcement that the state government of Gujarat in India plans to launch a rooftop solar power generation scheme for slum areas, Mohit Prasad, Project Manager at GlobalData, a leading data and analytics company, offers his view on what this means for solar PV installations in India: “GlobalData Read more…
Sun Investment Group (SIG), Poland’s leading solar energy investment and development management company, and E energija group, a strategic renewables investor, have sold their portfolio of solar energy plants in Poland with a total capacity of 42.37 MW to Aberdeen Standard Investments – a leading European asset management company with Read more…
Power Minister RK Singh recently reviewed the Draft Distribution Perspective Plan for power sector in India. The draft plan is the first ever plan at Distribution level which has been prepared by Central Electricity Authority (CEA) under the guidance of the Ministry of Power. Till now, the Central Government has been Read more…
In a major decision to fast track the deployment of Renewable Energy (RE) in India, power minister RK Singh has approved a proposal for early regulatory approval by Central Electricity Regulatory Commission (CERC) for transmission schemes identified for 66.5 GW National Renewable Energy Mission projects. Accordingly, the Ministry of Power has issued the Read more…
Azure Power Global Limited has announced that its board of directors has appointed Ranjit Gupta as chief executive officer and a member of the Board, and Murali Subramanian as president, effective July 18. “I am excited to join Azure Power and look forward to getting started immediately,” said Gupta. “We Read more…
Amplus Energy Solutions, Asia’s leading distributed and rooftop solar company, announces a fresh round of investment of Rs. 500 Crores for its second open access solar project of 100MW in Distt. Deoria, Uttar Pradesh. The ground-breaking ceremony by the UP government in July will kick-off this project. Prior to this, Read more…