The Solar Energy Corporation of India (SECI) has launched three separate tenders for renewable energy projects which altogether entail the development of 4070 MW. The authority is seeking developers for 2000 MW wind power projects and 2000 MW solar photovoltaic projects at locations proposed by bidders, plus a 70 MW solar PV park in the northern state of Assam.
Energy Finance & Investment News in India
Sterlite Power has acquired a 28.4% stake in its transmission infrastructure business from Standard Chartered Private Equity (SCPE) for INR10.1 billion (US$157 million). With this acquisition, Sterlite Power holds 100% stake in the business.
In November 2017, solar tender and auction activity in India plummeted. In response, the Ministry of New and Renewable Energy set out plans to tender 3 GW of solar projects in January 2018. Despite the bold scale of the plans, the ministry seems to be keeping its word.
Orange Renewable, a unit of AT Capital Group, is in talks to sell part of its portfolio to Hero Future Energies.
Karnataka Renewable Energy Development Ltd (KREDL) is inviting Requests for Proposals for 860 MW of solar projects, to be allocated across 43 selected taluks, regional subdivisions of Indian states.
Solar Energy Corporation of India Ltd (SECI), an entity of the Indian government, has released the request for selection (RfS) document for the construction of 2 GW of wind projects to be connected to the country's inter-state transmission system (ISTS).
The Solar Energy Corporation of India (SECI) has signed power sale agreements (PSAs) for 1-GW of wind projects tendered in the country’s second wind power auction, which was held in June.
Karnataka Renewable Energy Development Limited (KREDL) has launched a tender process for the development and construction of 200 MW of solar parks in the southwestern Indian.
Solar Energy Corporation of India (SECI) has signed power purchase agreements (PPAs) for five solar projects with a combined total capacity of 750 MW.
The Government of India intends to launch a mega tender for up to 20 GW of photovoltaic capacity, to support local solar power manufacturing industry, lower the tariffs for solar power and helping the overarching program of Make In India.
Sembcorp's renewable energy business Sembcorp Green Infra has been awarded a 250 MW project in India’s second nationwide wind power tender.
Lightsource Renewable Energy and UK Climate Investments, part of the Green Investment Group within Macquarie Infrastructure and Real Assets, have entered into a partnership platform to fund the development, acquisition and ownership of large scale solar power generation assets in India.
Global Infrastructure Partners (GIP), an independent global infrastructure investor, has announced that its fund, Global Infrastructure Partners III - in conjunction with the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, CIC Capital Corporation and a group of its other Limited Partner Co-Investors - has agreed to acquire 100 percent of the equity interests in the wind and solar renewable energy portfolio of Equis Funds Group for US$5.0 billion (including assumed liabilities of US$1.3billion).
Indias's government has announced plans to tender 4.5 GW of wind projects in the next four months, which will be aimed to leverage wind power capacity in the country.
The Solar Energy Corporation of India (SECI) has tendered a 2X100 MW (AC) Solar PV Power Plant for Coal India Limited (CIL) including 10 Years Plant O&M at Neemuch-Mandsaur Solar Park, in Madhya Pradesh, India.
The European Investment Bank (EIB) has agreed a new partnership with the International Solar Alliance (ISA) to mobilise finance to develop and deploy affordable solar energy in solar rich countries.
The wind tariff in India has touched lowest level of INR2.64(0.0404US$) per kWh in the second wind auction conducted by the Solar Energy Corporation of India (SECI) on behalf of Ministry of New & Renewable Energy, Government of India yesterday.
The Abraaj Group, a leading investor operating in growth markets, and ENGIE, a leading multinational utility company and the largest global independent power producer, have announced a partnership to build a wind platform in India.
The International Finance Corporation IFC is mullling to provide a US$150-million financing package for the development of a 250 MW solar power plant in Madhya Pradesh.