‘Groundbreaking’ $40 million green bond issued by Singapore’s Sindicatum for Indian PV projects
Global law firm, Norton Rose Fulbright has advised GuarantCo, the international development finance institution, on a landmark INR 2.5 billion ($40 million) dual-tranche unsecured wrapped and rated bond, issued by Sindicatum Renewable Energy Company Pvt Ltd. Such green bonds are beneficial to the country, since they offer low interest rates and long-term repayment schemes, says Dharmendra kumar, an analyst from IHS Markit.
EIB to sign clean energy loan with India, prior to ISA founding ceremony
The European Investment Bank (EIB) today said it will ink an agreement tomorrow, Saturday, March 10, to provide a loan for both small- and large-scale clean energy projects in India, which will form part of its €800 million (around US$984 million) investment in the country.
India launches national electric mobility program, aims at 30% electric fleet by 2030
India has revised its e-mobility policy, and now aims to reach 30% electric of total fleet by 2030. MNRE head, RK Singh launched the program and informed about the tender for 10,000 electric vehicles (EVs) to be released tomorrow. He invites industry players to invest in EV manufacturing and batteries, and work for ‘Healthier World.’
MNRE distributed one million solar study lamps
The scheme was sanctioned in 2014 for empowering underserved communities of the states of Rajasthan, Madhya Pradesh, and Maharashtra.
NLC India issues tenders for Andaman storage project, $394 million in finance for 709 MW Tamil Nadu PV project
Neyveli Lignite Corporation India Ltd (NLCIL) has re-tendered the 2 x 10 MW grid-connected solar PV power project with the reduced 8 MWh battery energy storage capacity. It has also invited bids to lend INR 25.52 billion ($394 million) in finance required for the proposed 709 MW solar project in Tamil Nadu state.
The recent trade conflicts will reduce India’s total solar installed capacity to 6 GW in 2018
According to the Bridge to India’s ‘India Solar Compass’ report, the total capacity addition in 2017 was 9,255 MW, up 94% over 2016. However, Q4 2017 was slow in terms of project commissioning with only 1,503 MW of utility scale projects being commissioned. Moreover, the execution costs have shot up by about 18% in just six months.
Microsoft to power its new Bengaluru office using solar
Microsoft has purchased 3 MW of solar generation capacity from a solar developer, Atria Power. This will cover 80% of the projected electricity requires at the new facility.
GCF grants $100 million to NABARD for rooftop solar in India
Green Climate Fund (GCF) has approved the National Bank for Agriculture and Rural Development (NABARD)’s proposal of Line of credit for solar rooftop segment for commercial, industrial and residential housing sectors in India. This is the first ever project in India approved by GCF.
President of France to inaugurate 75 MW solar plant in Uttar Pradesh
According to reports, French President Emmanuel Macron will inaugurate the 75 MW solar PV power plant, located in Mirzapur, Uttar Pradesh on March 12. The plant is developed by the French company, Engie Solar.
ISA to sign 121 solar projects by 2nd edition of Global RE-INVEST in April 2018
50 projects will be signed on March 11, 2018 during ISA Solar Summit, and 71 will be signed on April 20, 2018 at RE-Invest summit. Now, with five new countries, Madagascar, Gabon, Rwanda, Sri Lanka, and Uganda, the number of nations to have ratified the International Solar Alliance (ISA) framework agreement has reached 26.
