ACME Solar raises Rs 700 cr from financial arm of Piramal Enterprises.

ACME Solar raises Rs 700 cr from financial arm of Piramal Enterprises.

Piramal Finance Ltd (PFL), a part of the Ajay Piramal-controlled Piramal Enterprises, has sanctioned Rs 700 crore to ACME Solar Holdings, Delhi-based Independent Power Producer, with a portfolio of over 1.8 GW of solar power across 14 states. The company’s current operational capacity is over 1 GW and is expected to reach 1.4 GW by […]

Nepal: IPPs to finally receive incentive of five million rupees per MW.

Nepal: IPPs to finally receive incentive of five million rupees per MW.

The independent power producers (IPPs) now have something to cheer about as the government is going to implement its incentive scheme for the hydropower developers. The then government through the fiscal budget of 2014-15 had announced to extend incentive worth Rs five million per megawatt to the developers of generation projects that start commercial operation […]

Asian Development Bank approves $390 M financing package for ReNew Power in India.

Asian Development Bank approves $390 M financing package for ReNew Power in India.

ReNew Power will develop photovoltaic solar power projects with combined capacity of 398 megawatts (MW) in Jharkhand and Telangana, and wind power projects with combined capacity of 311 MW in Andhra Pradesh, Gujarat, Karnataka and Madhya Pradesh. As part of its efforts to scale up private sector-led infrastructure development in Asia and the Pacific and […]

Suzlon wins 226.8MW order from IPP Company in India.

Suzlon wins 226.8MW order from IPP Company in India.

Suzlon Group has received a contract from an Independent Power Producer (IPP) to build 226.8MW wind power project in India. The order consists of 108 units of S111 90m tubular tower with rated capacity of 2.1 MW. The project will be located in Anantapur district of Andhra Pradesh, and is scheduled for completion by March […]

Vestas to supply Indonesia’s first wind projects.

Vestas to supply Indonesia’s first wind projects.

Vestas is to supply turbines for a 60MW wind farm in Indonesia, following the signing of a power purchase agreement (PPA) with government-owned electricity company PLN. Vestas is part of a consortium that includes Equis, a Singapore-based investment fund group financing renewable and conventional energy projects in Asia-Pacific. The wind farm will be built in […]

Sonnedix acquires 11.2 MW in Italy.

Sonnedix acquires 11.2 MW in Italy.

Sonnedix is pleased to announce that it has acquired an 11.2MW power plant portfolio in Italy from Trading Emissions PLC, in a transaction that is expected to close in Q4 2016. The portfolio comprises three ground-mounted solar PV plants; Basciano and Cupello in Abruzzo, and Librandello in Sicily. The move to further consolidate Sonnedix’s presence […]

Eskom stalls IPP deal as costs escalate.

Eskom stalls IPP deal as costs escalate.

The rand’s weakening against the dollar has escalated the costs of a Northern Cape solar plant by billions of rands, prompting Eskom to stall signing a power purchase agreement while it raises concerns about the cost of renewable energy with Energy Minister Tina Joemat-Pettersson. Eskom has come under fire for the delays in signing a […]

The renewable energy revolution is truly under way in MENA.

The renewable energy revolution is truly under way in MENA.

 Governments are finally realizing clean energy offers more benefits than just reducing carbon emissions After years of discussion and stalled plans, the Middle East’s renewable energy revolution is well and truly under way. The impressive progress that Dubai has made with its solar energy ambitions in the past three years illustrates the potential that renewable […]

Exxaro eyes more renewables.

Exxaro eyes more renewables.

Following the success of its entry into renewable energy through a 50% wind farm joint venture (JV) with Tata Power, diversified miner Exxaro Resources is exploring further opportunities in clean energy. Independent power producer (IPP) Cennergi had marked its first income generation following the successful connection of the Tsitsikamma Community and Amakhala Emoyeni wind farms, […]

HE Saeed Mohammed Al Tayer visits Mohammed bin Rashid Al Maktoum Solar Park.

HE Saeed Mohammed Al Tayer visits Mohammed bin Rashid Al Maktoum Solar Park.

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), visited the Mohammed bin Rashid Solar Park, in Seih Al-Dahal, Dubai. The Park’s ongoing projects support the Dubai Clean Energy Strategy 2050, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and […]