Goldman Sachs-backed Indian renewable energy developer ReNew Power Ventures has doubled its wind and solar power generation portfolio from 1GW to 2GW in the space of 12 months.
Finnish firm Fortum has commissioned a 70MW solar PV plant in the Indian state of Rajasthan, which it won last year at what was then a record low tariff of INR4.34/kWh (US$0.067).
India’s Union Cabinet has approved the signing of a memorandum of understanding (MoU) between Indian and US bodies to cooperate on integrating utility-scale renewable energy into the grid.
The European Investment Bank (EIB) is to supply State Bank of India with a €200 million (US$214 million) 20-year loan to support €650 million of investments in five utility-scale solar PV projects in India.
The Asian Development Bank (ADB) has approved a US$175 million loan to India’s major network operator and utility Power Grid Corporation of India (Powergrid) relating to solar park transmission.
Indian renewable energy firm Greenko Energy Holdings has raised US$155 million in equity from an affiliate of global investment firm GIC and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
Indian utility NTPC has retendered 250MW of PV at a solar park in Karnataka after infrastructural issues at the park dampened the interest of developers to participate.
