World Bank, IREDA sanction $33 million for solar parks in Madhya Pradesh
Under the World Bank and IREDA’s $100 million proposals for solar park development, IREDA has approved its first loan of $33 million to Rewa Ultra Mega Solar Limited (RUMSL) in Madhya Pradesh.
NTPC sets 32 GW renewables target by 2032
To date, the National Thermal Power Corporation (NTPC) Ltd has installed roughly 1 GW of renewables in India. NTPC is planning several projects including floating solar and battery storage projects nationwide.
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.
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).
EREN RE and EDF commissions 87 MW solar capacity in India
EDEN, a joint venture between EREN Renewable Energy and EDF Energies Nouvelles, has installed three solar power plants in India amounting to 87 MW. The JV now operates 200 MW capacity in India.
Conventional Energy seeks Renewable Energy in India: Coal India launches 200 MW solar tender
Solar Energy Corporation India (SECI), on behalf of Coal India limited (CIL) has invited bids for two 100 MW solar power plants. The government authority will clarify the bidding requirement in a meeting to be held on November 13 in Kolkata.
Madhya Pradesh signs state guarantee for 750 MW Rewa PV plant
The guarantee is a unique initiative by the state government of Madhya Pradesh for its Payment Security Mechanism, which had a role to play in the phenomenally low tariff achieved for the Rewa solar project.
India: Madhya Pradesh DISCOMs pursue rejection of Goldman Sachs-backed solar project
ReNew Power Ventures, a leading clean energy company, which has doubled its solar capacity to 2GW in just one year, has projects in trouble backed by Goldman Sachs.
