IPPToday #23: 500-MW Indian solar auction draws lowest price of INR 2.20
Solar Energy Corporation of India (SECI) has received bids as low as INR 2.20 (US$ 0.034) per kWh in a 500-MW rooftop solar tender for government buildings in India.
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Energy Finance & Investment News in India
IFC provides US$103 M financing for solar projects in India
IFC, a member of the World Bank Group, has invested INR 6.67 billion (US$103 million) in L&T Infrastructure Finance Company Ltd. by subscribing to the first official Green Bonds in India.
IPPToday #19: EIB backs EUR 4.3bn of energy investments
The European Investment Bank (EIB) board has approved €4.3 billion (~US$5 billlion) in financing for the development of energy projects, including renewables, in Europe and India.
IPPToday #8: TEDA issues RfP for 500-MW solar park in Tamil Nadu
The Tamil Nadu Energy Development Agency (TEDA) has issued a request for proposal (RFP) for the development of a 500 MW solar park in the state through solar power park developers (SSPDs).
IPPToday #6: Indian state of Maharashtra to tender 2 GW of solar projects
The Maharashtra State Power Generation Company (MAHAGENCO) has launched the expression of interest (EoI) for the development of of up to 2 GW of new solar power capacity across Maharashtra.
IPPToday #5: New tender in India for 750 MW solar parks in Rajasthan
Solar Energy Corporation of India (SECI) has launched another solar tender for the 750-MW Grid Connected Solar Photo Voltaic Power Projects in the state of Rajasthan.
IPPToday #1: Tamil Nadu solar auction attracts 3.7 GW of bids
A tender by Tamil Nadu Generation and Distribution Corporation (TANGEDCO) to procure 1500 MW of solar power has been oversubscribed, with 3,780 MW of bids.
India approves another wind tender of 1000 MW
The Solar Energy Corporation of India (SECI), a company of the Ministry of New and Renewable Energy (MNRE), has launched a tender process for 1,000 MW of Interstate Transmission System (ISTS)-connected wind power projects under Tranche-II.
India seeks partner for solar farms
The state-owned Indian hydro-power producer SJVN Limited, a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP), has launched an Expression of Interest (EOI) to select potential partners for the development of several PV projects across India.
ADB issues green bond to support renewable energy in India
The Asian Development Bank (ADB) has raised INR3 billion (US$47 million), from a new issue of offshore Indian Rupee-linked bonds to help finance climate change mitigation and adaptation projects in India.
Solarpack raises US$104 million in financing for projects in Chile and India
Solarpack has raised a total of USD$104 million for nine PV plants in Chile and India.
Macquarie Group to buy 330 MW of solar power plants in India
Hindustan Powerprojects Pvt Ltd has come to an agreement to sell 330 MW of its solar power plants in India to Macquarie Asia Infrastructure Fund.
PPAs signed for 750-MW Rewa solar project in India
India’s State Government of Madhya Pradesh signed project agreements with solar power companies making Rewa Ultra Mega Solar Park a reality and helping India get closer to its 100 GW solar energy goal by 2022.
Winners announced for India’s first wind tender
Solar Energy Corp of India Ltd (SECI) has officially announced the winners of India's first wind tender involving 1-GW of capacity's auction.
Sembcorp wins contract for a wind power project in India
Sembcorp’s renewable energy business in India has won a bid for a new wind power project with close to 250 MW in capacity.
World Bank Board Approves US$100 million for Large-Scale Solar Parks in India
The World Bank Board has approved US$100 million to help India increase its power generation capacity through cleaner, renewable energy sources.
Siemens and Sumitomo Electric win order for transmission project in India
A consortium between Siemens and Sumitomo Electric Industries Ltd. has been awarded an HVDC order from Indian transmission operator Power Grid Corporation of India to supply a high-voltage direct current (HVDC) transmission system.
Power Finance provides loan for West Bengal`s first super critical project
State-run Power Finance Corp has announced that it has sanctioned financial assistance of INR27.04 billion (US$405 million) for West Bengal`s first super critical thermal power project located in Murshidabad district.
Gamesa to build 50-MW wind park in India
India’s Infrastructure Leasing & Financial Services Limited (IL&FS) has announced it has contractect the Spanish company Gamesa to build a 50 MW wind farm in in the state of Madhya Pradesh.
Inox Group to sell 260 MW wind portfolio in India
Renewable energy firm Inox Renewables Ltd has announced it has agreed to sell its operating wind power farms to wind power company Leap Green Energy Pvt, majority-owned by JPMorgan Chase & Co.
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