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Energy Finance & Investment News in India

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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Six winners in 500 MW wind tender in India

Six winners in 500 MW wind tender in India

🕔Mar 13, 2018

A 500 MW wind tender conducted by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has attracted bids as low as INR2.85 (US$0.044)/kWh. The maximum tariff permitted in the tender was INR3/kWh (US$0.046).

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IPPToday #168: India continues solar surge with 3000 MW tender

IPPToday #168: India continues solar surge with 3000 MW tender

🕔Mar 6, 2018

The Solar Energy Corporation of India (SECI), a Government of India Enterprise under the administrative control of the Ministry of New & Renewable Energy, has issued a Request for Selection for the development of 3000 MW grid-connected solar PV projects, through a build, own, operate (BOO) framework.

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IPPToday #152: SECI launches tenders for over 4000 MW renewable projects

IPPToday #152: SECI launches tenders for over 4000 MW renewable projects

🕔Feb 9, 2018

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.

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Sterlite Power buys out its transmission business

Sterlite Power buys out its transmission business

🕔Feb 8, 2018

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.

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IPPToday #133: India surges forward with solar power development with 2225 MW tenders

IPPToday #133: India surges forward with solar power development with 2225 MW tenders

🕔Jan 15, 2018

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.  

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Hero Future front-runner to acquire Orange Renewable

Hero Future front-runner to acquire Orange Renewable

🕔Jan 8, 2018

Orange Renewable, a unit of AT Capital Group, is in talks to sell part of its portfolio to Hero Future Energies.

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IPPToday #118: 860 MW of solar projects to be tendered in Karnataka, India

IPPToday #118: 860 MW of solar projects to be tendered in Karnataka, India

🕔Dec 18, 2017

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.

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