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Tata Power joins race for Equis hydropower projects in Sikkim
August 2018
Tata Power have shown interest in buying two hydroelectric power projects in Sikkim that are owned by Equis Energy. The Asian infrastructure investor company operates and owns 220 MW of hydro assets in Sikkim through a platform called Hydreq.
Tata Power gets shareholders’ nod to raise Rs 55 billion
August 2018
Through a special resolution that was passed by the requisite majority at the annual general meeting, Tata Power has sought shareholders’ approval to raise up to Rs 55 billion through issuance of non-convertible debentures on private placement basis.
Maharashtra DISCOMs plans Rs 1.25 per unit levy on rooftop solar prosumers
August 2018
The Maharashtra State Electricity Distribution Company (MSEDCL) is going against the state government policy of promoting solar power by proposing to levy a surcharge of Rs 1.25 per unit on solar rooftop prosumers.
ReNew Power in talks with Canada's OMERS to raise $300 million
August 2018
ReNew Power is in talks with Canada's OMERs to raise funds worth $300 million for growth capital and as a part of the proposed transaction may sell a minority stake.
Odisha solar auction sees lower tariffs
August 2018
After imposing safeguard duty on solar panels and modules, Odisha’s 200 MW solar auction witnessed lower tariffs ranging between Rs 2.79- Rs 3.20 per unit.
Solar-powered streetlights for BDA project
August 2018
Streetlights in Bareilly Development Authority’s Ramganga Nagar Awasiya Yojana will be powered with solar power panels having a capacity of around 50 KW.
Karnataka tops renewable energy installation
August 2018
Overtaking Tamil Nadu, Karnataka has emerged as the top state in installing renewable energy, reaching 12.3 GW of total installed capacity as of March 2018, having added 5 GW in 2017-18 alone.
Gujarat bags highest number of solar parks project
August 2018
According to the Ministry of New and Renewable Energy, Gujarat, Rajasthan and Andhra Pradesh are emerging as the top destinations for large, utility scale solar projects in India. Based on the figures for Government of India’s Solar Parks and Ultra Mega Solar Power Projects scheme, Gujarat has bagged the highest number of approved projects.
Solar power overtakes wind in India
August 2018
Until 2014, India had 21 GW of installed wind power capacity while solar had just 2.63 GW power capacity. Solar power emerged as the fastest growing segment within the renewable energy sector in India during the Modi government that announced a five-fold increase in India’s solar power target
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