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Some good Global news for solar



Top Stories - will update when possible

WASHINGTON, May 13, 2016 – The World Bank Board today approved a $625 million loan to support the Government of India’s program to generate electricity from widespread installation of rooftop solar photo-voltaic (PV). The Board also approved a co-financing loan of $120 million on concessional terms and a $5 million grant from Climate Investment Fund’s (CIF) Clean Technology Fund.

The project will finance the installation of at least 400 MW of Grid Connected Rooftop Solar Photovoltaic (GRPV) across India. These solar PV installations will provide clean, renewable energy, and reduce greenhouse gas emissions by displacing thermal generation.

  • ReNew Power achieves Mileston of 1GW
    Event is good to see successful portfolios in renewable energy
    ReNew Power Ventures Private Limited, India’s leading solar and wind energy Company, on March 31, 2016 became the first company to cross an installed capacity of 1 GW from its clean energy projects in India. This key milestone was achieved within a short span of 5 years with a total of 29 wind and solar projects across 9 states in India.

    ReNew Power was founded in 2011 by Sumant Sinha and is present across the states of Gujarat, Haryana, Madhya Pradesh, Rajasthan, Maharashtra, Karnataka, Telangana, Andhra Pradesh and Jharkhand. The company is backed by marquee investors like Goldman Sachs, Abu Dhabi Investment Authority (ADIA), Asian Development Bank and Global Environment Fund. Among new companies in India in the last 5 years, ReNew is fifth largest in terms of total equity raised, the second largest in terms of total capital raised, and the largest on both counts in the renewable energy sector in India.

    Ref: solarquarter.com

Press Releases

India plans quality control for solar energy products

Over Rs. 71,200 crore Sanctioned & Rs. 29,500 crore Disbursed for Renewable Energy Sector by Banks & NBFCs since February, 2015