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Energy Finance & Investment News in India

IPPToday #245: 5.5 GW tendered and 2.75 GW renewable capacity awarded in India

IPPToday #245: 5.5 GW tendered and 2.75 GW renewable capacity awarded in India

🕔Jul 10, 2018

The Solar Energy Corporation of India (SECI) has published two Requests for Selections (RfS) for the development of 5.5 GW capacity on build-own-operate bases. One RfS seeks to award 3 GW solar photovoltaic capacity, while the other invites proposals for up to 2.5 GW generated by wind.

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IPPToday #243: Maharashtra launches 750MW solar tender

IPPToday #243: Maharashtra launches 750MW solar tender

🕔Jul 6, 2018

A tender for a total capacity of 750 MW in solar photovoltaic projects has been issued by The Maharashtra State Power Generation Company (MAHAGENCO), aiming to cater to the agricultural (AG) feeder load of various substations across the state. The deadline for submissions is July 20, 2018.

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35 interested in India's first offshore wind project

35 interested in India's first offshore wind project

🕔Jun 27, 2018

India's National Institute of Wind Energy (NIWE) has received 35 responses to a Request for Expressions of Interest (RFEOI) for the country's first offshore wind farm, published in April this year. The wind farm is to have a generation capacity of 1 GW.

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IPPToday #237: UPDATE 2.5 GW hybrid wind-solar projects to be auctioned in India

IPPToday #237: UPDATE 2.5 GW hybrid wind-solar projects to be auctioned in India

🕔Jun 25, 2018

The Solar Energy Corporation of India (SECI) has published a Request for Selection (RfS) for 2.5 GW hybrid wind-solar projects. This follows the scheme's approval by the Indian President, which we reported at the end of May.

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IPPToday #233: SoftBank to invest up to US$100 billion in Indian solar projects

IPPToday #233: SoftBank to invest up to US$100 billion in Indian solar projects

🕔Jun 18, 2018

SoftBank Group, a Japanese conglomerate, is reportedly in advanced talks with the Indian government regarding an investment in solar projects in the country of between US$60 and 100 billion.

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IPPToday #223: More renewable capacity to be tendered in India despite multiple deadline extensions

IPPToday #223: More renewable capacity to be tendered in India despite multiple deadline extensions

🕔May 31, 2018

The Solar Energy Corporation of India (SECI) has published a Request for Selection (RfS) for 2 GW wind projects. Developers are invited to submit projects with between 50 and 300 MW capacity to be delivered on build-own-operate (BOO) bases. SECI will sign 25-year power purchase agreements (PPAs) with selected proponents.

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IPPToday #221: 2.5 GW hybrid wind-solar projects to be auctioned in India

IPPToday #221: 2.5 GW hybrid wind-solar projects to be auctioned in India

🕔May 29, 2018

A scheme to install 2.5 GW of hybrid wind-solar projects in India, proposed by the Ministry of New and Renewable Energy (MNRE), has been approved by the President. The projects will be developed by private entities on build-own-operate (BOO) bases, with PPA contracts awarded through bidding processes.

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IPPToday #213: 1,750 MW solar capacity awarded in India

IPPToday #213: 1,750 MW solar capacity awarded in India

🕔May 17, 2018

The results of two solar auctions in India have been released this week, with a total of 1,750 MW allocated to nine developers.

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IPPToday #211: Indian state advances 5,100 MW hydropower projects

IPPToday #211: Indian state advances 5,100 MW hydropower projects

🕔May 15, 2018

The government of Himachal Pradesh, a state in the north of India, has approved amendments to its hydropower policy with the aim of reviving 737 stalled projects which have a cumulative capacity of 5,100 MW.

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Tender launched for 1 GW solar projects in Maharashtra, India

Tender launched for 1 GW solar projects in Maharashtra, India

🕔May 4, 2018

The Maharashtra State Electricity Distribution Co Ltd (MSEDCL) has published a Request for Selection (RfS) for solar power developers interested in setting up ground-mounted photovoltaic power plants in the state, which is located in the west of India. The total capacity to be allocated is 1000 MW.

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Lightsource BP and Everstone Group form joint venture to invest in green infrastructure in India

Lightsource BP and Everstone Group form joint venture to invest in green infrastructure in India

🕔Apr 19, 2018

Lightsource BP has formed a 50:50 joint venture with the Everstone Group, one of India’s leading private equity fund managers, to create a major fund management platform for green energy infrastructure in India, to be called EverSource Capital.

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IPPToday #193: Solar surge slows in India with re-launching of tenders

IPPToday #193: Solar surge slows in India with re-launching of tenders

🕔Apr 16, 2018

In the past week, state government agencies of both Karnataka and Maharashtra, located in the south-west and west of India respectively, have re-launched solar tenders due to poor initial responses.

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Engie wins 200 MW wind project in Tamil Nadu

Engie wins 200 MW wind project in Tamil Nadu

🕔Apr 12, 2018

ENGIE has announced that it has won a 25-year power purchase agreement (PPA) for a 200 MW wind project in Tamil Nadu, a state in the south of India.

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IPPToday #191: India issues RFEOI for first commercial offshore wind farm with 1 GW capacity

IPPToday #191: India issues RFEOI for first commercial offshore wind farm with 1 GW capacity

🕔Apr 12, 2018

The National Institute of Wind Energy (NIWE), part of the Ministry of New and Renewable Energy of the Government of India, has issued a Request for Expressions of Interest for the country's first commercial offshore wind farm, to be located off the coast of Gujarat in the west, and have a generation capacity of 1 GW.

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Tender launched for 200 MW solar projects in Odisha

Tender launched for 200 MW solar projects in Odisha

🕔Apr 5, 2018

The Government of Odisha, through its renewable energy promotion agency GRIDCO, has issued a Request for Selection (RfS) for the development of 200 MW grid-connected solar photovoltaic power projects to be set up in Odisha, a state in the east of India. Responses are invited until 29 April 2018.

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Suzlon wins 500 MW wind projects in India

Suzlon wins 500 MW wind projects in India

🕔Mar 26, 2018

Suzlon Group, India’s largest renewable energy solutions provider, announced that it has won two wind power projects of 300 MW and 200 MW respective capacity in a tender conducted by the Solar Energy Corporation of India (SECI). The projects will be located in the Kutch district of Gujarat, a state in the west of India.

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250 MW solar project in India reaches US$145 million financial close

250 MW solar project in India reaches US$145 million financial close

🕔Mar 22, 2018

Mahindra Renewables Pvt. Ltd., a wholly owned subsidiary of Mahindra Susten Pvt. Ltd., has achieved financial close of its 250 MW solar power project, to be located in the Rewa district of Madhya Pradesh. The company has received project debt amounting to INR7.5 billion (US$114.8 million) from YES BANK Ltd and up to INR2 billion (US$30.6 million) from other financial institutions.

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IPPToday #179: IFC and Amundi close US$1.4 billion green bond fund

IPPToday #179: IFC and Amundi close US$1.4 billion green bond fund

🕔Mar 22, 2018

IFC, a member of the World Bank Group, and Amundi, Europe’s largest asset manager, have announced the successful launch of the world’s largest targeted green bond fund focused on emerging markets, the Amundi Planet Emerging Green One (EGO).

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IPPToday #176: India set to meet ambitious solar targets with another 3 GW tender

IPPToday #176: India set to meet ambitious solar targets with another 3 GW tender

🕔Mar 19, 2018

In what seems like a race to meet the Government of India's ambitious target of commissioning 15 GW of solar power in the 2017-18 financial year (ending in March), various organisations have recently issued tenders for a cumulative capacity of 2,950 MW to be located across the country. This adds to the 7,225 MW solar tenders announced since the start of 2018.

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Sembcorp wins 300-MW wind project in Gujarat, India

Sembcorp wins 300-MW wind project in Gujarat, India

🕔Mar 15, 2018

Sembcorp Energy India Ltd has been awarded a 300-megawatt project in a country's wind power auction conducted recently. 

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