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Strategic Alliances

Actis look at sale of Ostro Energy to ReNew Power

Ostro Energy acquisition by ReNew Power Ventures may rank among India’s biggest renewable energy deals.

ISA framework agreement receives 15 ratifications

The international solar alliance will now be an independent legal body, as the Republic of Guinea becomes the 15th country to ratify. The founding ceremony of ISA is scheduled on December 08, 2017 in Greater Noida, India.

Railway lands being offered to NLC to set up solar plants

NLC India has been tasked with covering vacant land of the Railways with Solar Power generation.

Global Environment Facility along with ADB will provide $454 million funding to EESL clean energy projects

Energy Efficiency Services Limited EESL’s projects, under one of the largest funding by Global Environment Facility (GEF) to date, will mitigate 60 million tons of CO2 emissions. UN Environment’s ‘District Energy in Cities’ initiative already identified $600 million of energy efficiency projects across five cities in India.

EBRD to provide financial assistance to International Solar Alliance

International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed the joint financial partnership declaration to support solar energy projects developed under ISA programs.

SBI announces loans worth INR 23.17 billion ($357 million) for rooftop solar in India

The State Bank of India (SBI) announces the deal at a press conference on financing grid-connected rooftop solar PV projects in association with World Bank held in Mumbai on October 30.

UK’s Green Investment enters India to fund development and acquisition of Solar assets.

Companies within Macquarie Infrastructure and Real Assets; Light source Renewable Energy and UK Climate Investments, part of the Green Investment fund enter into partnership platform to enter Indian Solar market for its development, acquisition and ownership of solar assets.

Tata Power-DDL and GIZ sign MoU for India’s renewable energy

The two organizations will collaborate on areas broadly including grid-connected solar rooftops, energy storage systems, electric vehicles, smart grid initiatives and energy efficiency measures.

ISA drafts program for scaling rooftop solar to be launched at RE-INVEST 2017, India

The program will be launched during RE-INVEST 2017, India on December 8. The event will hold several other sessions, including the launch of International Solar Alliance (ISA). Indian Prime Minister Narendra Modi and French President Emmanuel Macron are likely to attend the ISA Founding Ceremony.

Raj Kumar Singh kicks off Global RE-Invest 2017 and Founding Ceremony of ISA

Addressing the gathering, R K Singh, Minister for MNRE, said, “by 2030, 40% of India’s energy needs would be met by Renewable Energy.” Also, at the event Kiribati signed the ISA framework, becoming the 41st country to do so.

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