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SECI tenders 5 GW of grid-connected renewable projects with storage option

By : Sustainability ..., Mar 18, 2020

The Solar Energy Corporation of India (SECI) has invited bids for round-the-clock (RTC) supply of 5 GW power from grid-connected renewable energy projects, complemented with coal-fired thermal power, if needed, to ensure at least 80% availability on annual basis. The projects...

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Govt invites Germany’s state-run KfW to fund transmission projects

By : Sustainability ..., Feb 20, 2020

Indian government representatives on Wednesday met representatives of Germany’s state-run bank KfW to discuss the financing of new transmission projects being built across the country for upcoming renewable energy projects. KfW has already promised to loan 500 million euros...

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State discoms’ large dues spark NPA fears in renewable energy

By : Sustainability ..., Feb 17, 2020

Renewable energy projects, which have cornered the bulk of private funding in the power sector over the last six years, could be facing a fresh wave of non-performing assets (NPAs). There is renewed nervousness among banks that lending to renewable power utilities over the...

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India becomes 2nd largest market on corporate renewable power

By : Sustainability ..., Jan 7, 2020

With Indian corporates increasingly adopting renewable power to run their offices and plants, the country has become the second largest growth market for corporate renewable power purchase agreements (PPAs) after the US. For the first half of 2019, India had a global share of...

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Rate woes of renewable energy firms may stress NBFC books further: Icra

By : Sustainability ..., Jan 7, 2020

Infrastructure finance companies might have to brace for additional pressure on asset quality from exposure to renewable energy (RE) projects, which face rate risks. These non-bank finance companies (NBFCs) are already affected by the slow resolution of their stressed thermal...

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Sembcorp buys remaining stake in Sembcorp Energy India for Rs 406 crore

By : Sustainability ..., Dec 5, 2019

Singapore-based Sembcorp Industries said on Wednesday that it is taking over complete ownership of its India business unit, Sembcorp Energy India (SEIL), by acquiring its remaining 5.95% stake from Gayatri Projects (GPL) for Rs 406 crore. SEIL has more than 4,300 MW of...

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SECI tweaks 1.2 GW renewables plus storage tender

By : Sustainability ..., Dec 4, 2019

In August Solar Energy Corporation of India (SECI) had invited bids to set up an aggregate 1,200 MW of capacity with Inter-State Transmission System (ISTS)-connected wind/solar/wind-solar hybrid projects, along with energy storage, throughout India. The projects—to be...

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Transmission charges waiver for renewables extended for second time

By : Sustainability ..., Nov 19, 2019

The Power Ministry has extended the period during which renewable energy project developers will be spared interstate transmission system charges for the transmission of electricity generated by their facilities. Originally open until the end of March 2022, the ministry has...

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Will set-up 1 GW of renewable energy projects with EDF in India: Patrick Pouyanne, CEO, Total

By : Sustainability ..., Oct 15, 2019

New Delhi: France’s oil and gas firm, Total, and energy group, EDF, plan to develop one gigawatt (GW) of renewable energy projects in India through their joint subsidiary Eden Renewables India, according to Patrick Pouyanne, chief executive officer of Total. Pouyanne,...

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AC Energy Invest $20 Million in RE Projects in Asia Pacific

By : Sustainability ..., Oct 3, 2019

THE power unit of conglomerate Ayala Corp. is investing $20 million to partly finance the development, construction and operations of renewable-energy (RE) power projects in the Asia-Pacific (AsPac) region, with a goal of building a portfolio of over 1 gigawatt in the next...

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