Tata Power unveils $2.25 million smart energy incubation hub
Delhi DISCOM, Tata Power Delhi Distribution Limited (TPDDL) is planning to launch the Tata smart energy incubation hub. The Tata trust will provide INR 150 million ($2.25 million), while the Indian government’s Science & Technology department will pay out an undisclosed sum. The company is also planning the installation of a 10 MW Battery Energy Storage System (BESS).
ISA 9th get-together and stakeholder meeting
The 9th monthly get-together and stakeholder’s meeting of the International Solar Alliance was held on January 24. The event witnessed several announcements from companies such as TATA ($2.25 million Incubation hub), NTPC (new developments), Power Grid Corporation of India (new battery storage projects), Infosys (smart PV solutions), and Emami.
MNRE clarifies solar domestic content requirement on back of India-US argument
Clarification on India’s solar domestic content requirement (DCR) under the country’s National Solar Mission has been made by the Ministry of New and Renewable Energy (MNRE), after the U.S. again dragged India to the World Trade Organization (WTO) for non-compliance.
Husk Power Systems receives $20m investment from Shell, Swedfund and ENGIE
To scale up its mini grids business in Asia and Africa, Indian energy startup Husk Power systems has received sizeable financial backing from international investors.
Support grows for India in WTO tiff with US
The European Union as well as Brazil, China and Japan indicate their support for India in the WTO dispute against the U.S. Consensus appears to be that trade retaliatory measures are unjustified. The DSB chair concluded by noting the matter has been referred to arbitration in line.
Maharashtra’s Mahaparivartan to purchase 1 GW of solar power in 2018
The power transmission company of the state is planning to purchase 1 GW of solar power this year.
Maharashtra planning floating solar plant on Irai dam
The Indian state of Maharashtra is considering a floating solar application and is conducting a feasibility study to install solar panels on the Irai dam, located in the Chandrapur region of Maharashtra.
IFC to provide $440 million loan to developers of Rewa PV project
Three firms, Mahindra Renewables, Actis, and ACME group, will receive a combined loan of $440 million from the IFC for developing the Rewa Solar Park in Madhya Pradesh.
ReNew Power raises $352 million to repay loans
ReNew Power Ventures Pvt. Ltd has raised $ 352 million via Non-Convertible Debentures to repay loans.
IFC to invest $50 million in Mahindra Renewables 250 MW PV plant
Mahindra Renewables has been awarded a 250 MW solar PV project in the Rewa district of Madhya Pradesh. It will receive financing to the tune of around US$50 million from the International Finance Corporation (IFC).
