China on Track to Install 230 GW of Solar and Wind Capacity in 2023
China is on track to install a record-breaking 230 GW of wind and solar capacity in 2023, more than twice as many installations as in the U.S. and Europe, research firm Wood Mackenzie has said in a report. The expected addition far exceeds the 160 GW renewables target China had set for itself for the […]
Read MoreProject Finance Brief: Goldbeck Secures $14 Million Financing for Solar Projects
From: Mercom Capital Group Goldbeck Solar, which specializes in the construction of industrial, commercial, and large-scale solar power projects, concluded €13 million (~$14.24 million) financing agreement with Triodos Bank for two ground-mounted solar photovoltaic power projects totaling 33.3 MW in the Netherlands. The Reimerswaal 1 Bathpolder solar project has a capacity of 10.81 MW, and […]
Read MoreSECI Invites Bids for 1 GW Firm Power Supply from Renewable Projects
Solar Energy Corporation of India (SECI) has invited bids to select renewable energy developers to supply 1 GW firm and dispatchable power from Inter-State Transmission System (ISTS)-connected projects. The last date for the submission of bids is January 9, 2024. Bids will be opened on January 12. The developer is responsible for establishing ISTS-connected power […]
Read MoreRound-the-Clock Renewables Impossible Without Hydropower: R K Singh
The Ministry of Power will set up 13 hydroelectric projects in Arunachal Pradesh with a cumulative capacity of 13,000 MW in a bid to augment hydroelectric power capacity in the country. Emphasizing the importance of hydroelectric projects in achieving energy transition, Union Minister of Power and New & Renewable Energy R K Singh said while […]
Read MoreWest Bengal Invites Bids for O&M of 40 MW Solar Project
West Bengal State Electricity Distribution Company (WBSEDCL) has floated a tender for three years of comprehensive operation and maintenance of 40 MW ground-mounted solar projects. The last date for the submission of bids is December 12, 2023. Bids will be opened the same day. The projects, each of 10 MW capacity, are located at Tail […]
Read MoreUttar Pradesh Jal Nigam Invites Bids for 10 MW Solar Project in Lucknow
Uttar Pradesh Jal Nigam (UPJN) has invited bids to commission a 10 MW grid-connected ground-mounted solar project at Bharwara STP Campus in Lucknow, Uttar Pradesh, on a turnkey basis. The estimated project cost is ₹623.67 million (~$7.5 million). The last day to submit the bids is December 26, 2023. Bids will be opened the next […]
Read MoreTechnique Solaire Buys 135 MW Solar Projects in Karnataka from ReNew
France-based independent power producer Technique Solaire has acquired five ground-mounted solar power projects with a combined capacity of 135.4 MW in Karnataka from ReNew Solar Power. The projects commissioned between October and November 2019 have secure tariffs owing to long-term power purchase agreements with electricity and gas distribution companies in Karnataka. The projects produce nearly […]
Read MoreFDI in India’s Renewable Sector Up 9% YoY to $505 Million in Q2 FY24
Foreign Direct investment (FDI) in India’s renewable energy sector saw a rise of 9% year-over-year (YoY) in the second quarter (Q2) of the financial year (FY) 2023-24. FDI in renewables stood at $504.08 million (~₹42.01 billion) in Q2 compared to $461.51 million (~₹38.26 billion) in the same quarter last year, according to Ministry of Commerce and […]
Read MoreDaily News Wrap-Up: Green Energy Trading Plunges in 2023
Renewable energy trading at the Indian Energy Exchange in 2023 so far has seen a considerable drop compared to 2022, with the traded energy reaching its lowest in October 2023 at 188 million units. Seasonality, floods, and inconsistent renewable energy generation are a few of the many reasons behind the drop in renewable energy trade. […]
Read MoreOdisha Invites Bids for 6.5 MW of Rooftop Solar Projects
Odisha Renewable Energy Development Agency (OREDA) has invited bids to install 6.462 MW of rooftop solar power projects on government buildings in Odisha under the Renewable Energy Service Company (RESCO) Model with a net metering or virtual net metering facility. The last day to submit the bids is December 22, 2023. Bids will be opened […]
Read More