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Scatec Boosted by New Hydropower Assets and Completion of Solar Parks

Scatec posted an improved first-quarter financial performance, boosted by the completion of new solar projects and the closing of its acquisition of hydropower developer SN Power. The Norway-headquartered independent power producer recorded revenues of NOK1.01 billion (US$121.6 million), up 17% year-on-year, while earnings jumped 83% to NOK 636 million (US$76.6 million). The results were driven […]

Australia Rejects $36 Billion Wind, Solar, Hydrogen Project

CERC Approves Most of the Changes in Bidding Guidelines for 1500 MW of Solar Projects

Petition under Clause 18 of the Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects (Resolution number 23/27/2017-R&R.) issued by the Ministry of Power, Government of India on 03.08.2017 under section 63 of the Electricity Act, 2003, seeking certain deviations from the Guidelines. Summary i. Payment […]

UPERC to Pay 1459 Crores For RPO Shortfall Till FY 2020-21

Ikea Retailer Acquires 49% Stake in Eight Solar Parks in Russia

The investment arm of Ikea’s largest retailer, Ingka Group, is expanding its renewable energy footprint by acquiring a 49% stake in eight solar parks in Russia. The agreement for the parks, with a total book asset value of about 235 million euros ($279 million), has been struck with Solar Systems LLC and is now awaiting […]

Tycoon Gautam Adani Loses Over $13 Billion in Worst Wealth Rout

ReneSola (SOL) Completes 15.4MW Solar Parks Sale in Romania

ReneSola Ltd SOL recently completed the sale of two ground-mounted solar parks with generating capacity of 15.4 megawatts (MW) in Romania, to Alternus Energy Group for approximately $28 million. The sale proceeds from this transaction are expected to get reflected in ReneSola’s fourth-quarter 2020 results. Romania’s Solar Prospects The solar market in Romania has been […]

Australia Rejects $36 Billion Wind, Solar, Hydrogen Project

In the matter of: Petition for adoption of tariff for 440.8 MW Wind Power Projects (Tranche-VIII)

In the matter of: Petition under Section 63 of the Electricity Act, 2003 for adoption of tariff for 440.8 MW Wind Power Projects (Tranche-VIII) connected to the Inter-State Transmission System and selected through competitive bidding process as per the Guidelines dated 8.12.2017 For more information please see below link: In the matter of: Petition under […]

UPERC to Pay 1459 Crores For RPO Shortfall Till FY 2020-21

India’s Ultra Mega Solar Parks a $700-bn investment opportunity

The Indian government has set a target to install 175 GW of renewable energy by the financial year 2021-22 (FY22) and 275 GW by FY27 New Delhi: India’s ultra-mega solar parks have attracted foreign capital, top global developers, and provided investors with an opportunity to join a $500-700 billion renewable energy and grid infrastructure investment […]

Overseas Participants on Indian Power Exchanges to Rise Soon

Solar parks planned in Bundelkhand, Chambal: MP minister

Bhopal: Solar parks will be developed on the barren lands of backward Bundelkhand and dacoit-infested Chambal in Madhya Pradesh, state Minister for Renewable Energy Harsh Yadav said on Tuesday. He said the aim was to make Madhya Pradesh a solar power hub in the country. ‘The land in Bundelkhand is barren due to presence of […]

Extension of Waiver of ISTS Transmission Charges Till 30th Jun 2025