Tamil Nadu-based renewable energy company Leap Green Energy Pvt. Ltd is in talks with foreign investor EIG Partners to raise around $200 million through structured debt, said two people aware of the development. Leap Green, founded in 2006, is promoted by former Formula 1 driver Narain Karthikeyan’s family. Mint first reported in Read more…
Children from poor families in sub-Saharan Africa have been able to swap cleaning up cowpats for lessons thanks to a solar power project that rewards parents for sending them to school. South Korean solar firm Yolk has designed a cow-shaped solar power station for schools that can be used to Read more…
Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd or Petronas on Monday said it has acquired Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers. The ₹2,700 crore deal, which is expected to be completed later this month, marks Petronas’ foray into the global clean energy Read more…
Singapore-based AM International Holdings, the holding company of SPIC and Manali Petro, has announced its foray into renewable energy by setting up a floating solar power plant. Ashwin Muthiah, founder chairman of AM International Group, laid the foundation stone for the 24 MW floating solar power plant at SPIC’s Thoothukudi Read more…
Wind energy developers were surprisingly lukewarm to the auction of 1,200 MW of projects offered by the Solar Energy Corporation of India (SECI), with techno-commercial bids of only half the capacity on offer. SECI confirmed the development. Most SECI auctions are usually oversubscribed. Its last wind auction of 1200 MW Read more…
To give a big push for rooftop solar panel installations, the Central government has increased subsidy from the current 30 percent to 40 percent, a move which will be boosted rooftop solar capacity in Telangana, says N Janaiah, VC & MD, TSREDCO. According to him, Telangana has a commissioned capacity Read more…
Delhi University’s Lakshmibai College has gone solar by installing a roofop solar project on its campus. Taking a major step towards becoming an environment-friendly campus, the college has installed solar panels which would provide 77 kW of electricity. Te project is expected to reduce the electricity bill by 40 to Read more…
The Cabinet Committee on Economic Affairs, chaired by Hon’ble Prime Minister Shri Narendra Modi has approved launch of Kisan Urja Suraksha Evam Utthaan Mahabhiyan (KUSUM) with the objective of providing financial and water security to farmers. The proposed scheme consists of three components: -Component-A: 10,000 MW of decentralized ground mounted Read more…
Te Cabinet Committee on Economic Affairs (CCEA) approved a total funding of 11,814 crore for Phase II of the grid-connected rooftop solar programme for achieving cumulative capacity of 40,000 MW from Rooftop Solar (RTS) Projects by the year 2022 on February 19, 2019. As of December 2018, the installed capacity Read more…
In its commitment to renewable energy, India had set an ambitious target of setting up an additional installed capacity of 175 Gigawatt (GW) through renewable energy by 2022. Of this target, 100 GW has been apportioned for solar photovoltaic (PV), out of which further 40 GW target has to be Read more…