Novel financing model gives competitive advantage to international renewable energy players
India Ratings says innovative measures to mitigate financing risks, optimize financing costs, and reduced currency risks leading to higher equity returns and better coverages provide international renewable energy players an edge over domestic peers.
SJVN, IREDA sign MoU for green energy projects
As per the agreement, the Indian Renewable Energy Development Agency (IREDA) will undertake techno-financial due diligence of renewable energy, energy efficiency and conservation projects for state-owned hydropower producer Satluz Jal Vidyut Nigam Ltd (SJVN).
Guidelines issued for feeder-level solar plant installation under PM KUSUM Scheme
The Distribution Companies (DISCOMs) shall be the implementing agency for agricultural feeder-level solar plants and shall incentivize farmers for consuming power below the benchmark consumption for their area—an important measure for conserving groundwater level.
INR 2.0/kWh tariff is a new milestone in Indian solar PV history
The minimum solar tariffs discovered fell by 131.5% over the last five years, with an 18% drop achieved in the last five months alone.
Solar panel cleaning startup Solavio Labs selected into Canadian accelerator program
The Coimbatore-based startup has designed an autonomous solar panel cleaning bot with a modular design, making it compatible with almost any structure, mounting area, or climatic condition.
ADB to provide $563-million loan to improve electricity supply in Uttar Pradesh, Meghalaya
Uttar Pradesh will get $430 million to upgrade distribution lines in rural areas and construct a parallel network of 11-kilovolt feeders spanning 17,000 km to separate electricity distribution between residential and agriculture consumers. The $132.8-million loan approved for Meghalaya will be used for the installation and upgradation of substations, distribution lines, etc.
India, Sweden to fund joint R&D in smart grids
India’s Department of Science & Technology and the Swedish Energy Agency have launched a collaborative funding program for Indian and Swedish companies that aim to jointly develop new technologies, services and processes in the area of smart grids.
India ranked the world’s most attractive solar PV market by Ernst & Young
The nation has earned the highest score of 62.7 in terms of attractiveness for solar PV investment and deployment in the latest ranking of top 40 countries by Ernst & Young.
Exide Industries increases stake in lithium battery JV with Leclanché
With an additional investment of INR 33.17 crore, Exide Industries’ shareholding in the joint venture company has increased by 2.28% to 80.15% of the paid-up equity share capital.
Prime Minister Narendra Modi to inaugurate RE-Invest 2020 tomorrow
The three-day event will connect the global investment community with Indian renewable energy stakeholders. It is expected to be attended by over 75 international ministerial delegations, over 1000 global industry leaders, and 50,000 delegates.
