PFC signs MoA with IIT- Kanpur for Training, Research, and Entrepreneurship in Smart Grid

Government-owned Power Finance Corporation (PFC), India’s leading NBFC, signed a MoA with Indian Institute of Technology- Kanpur (IIT-K) for Training, Research, and Entrepreneurship Development in Smart Grid Technology. Under the MoA, PFC will provide financial assistance of Rs. 2,38,97,000/- (Rupees Two Crore Thirty Eight Lakhs and Ninety Seven Thousand only) to IIT-K under its CSR […]

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Off-grid Solar Phase-III extended till early next year: MNRE

The MNRE recently announced the extension of the off-grid and decentralised solar photovoltaic (PV) applications programme phase-III till 31 March, 2021. Off-grid and decentralized solar PV Applications Programme Phase-III was launched by the ministry on 7th August 2018 and the scheme was valid for financial year 2018-19 and 2019-2020. The sanction of new projects under […]

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Sterling and Wilson Solar promoters facilitate repayment of Rs 500 crore

Sterling and Wilson Solar announced that its promoters have facilitated repayment of Rs 500 crore as per the revised schedule of repayment approved by the board. “Sterling and Wilson Solar Ltd (SWSL) has received additional Rs 500 crore against loans outstanding from Sterling and Wilson Private Limited (SWPL) and its subsidiary Sterling and Wilson International […]

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Coronavirus Crisis: Power Finance Corporation contributes Rs 200 crore to “PM CARES Fund”

Power Finance Corporation Ltd (PFC), the leading NBFC in the power sector, has pledged to contribute Rs 200 crore to the “Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund” (PM-CARES Fund) to support the battle against COVID-19. Furthermore, PFC’s employees will voluntarily contribute a day’s salary to ‘PM-CARES Fund’ to further strengthen the […]

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India’s solar capacity addition dipped to 12 per cent in 2019 from 8,338 MW

Country’s solar capacity addition dipped 12 per cent to 7,346 megawatts (MW) in the calender year 2019 from 8,338 MW in 2018, according to a report by Mercom India Research. While 2019 was a lost year for the country’s solar sector, Mercom India Research expects solar installations to rise by 17 per cent year-on-year (y-o-y) […]

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Policy certainty will increase investment into India’s renewable energy space: IEEFA

Policy certainty will increase domestic and international investing into India, a new report out on Thursday by the Institute for Energy Economics and Financial Analysis (IEEFA) said. The report, India’s Renewable Energy Policy Headwinds – Recommendations for Urgently Accelerating Activity in the Renewable Energy Sector, finds a number of recent policy positions that have undermined […]

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Financial closure of 900 MW Arun-III hydro power project in Nepal achieved

The financial closure of the 900 MW Arun-III hydro power project in Nepal was achieved on Thursday, the executing company said here. The total debt tied up with banks is Rs 6,333.48 crore that includes Rs 1420.86 crore stand-by line of credit, if required, the Satluj Jal Vidyut Nigam Ltd (SJVNL) said. The debt portion […]

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Over 7591 MW of Renewable Energy commissioned in 2019-20: R K Singh

The Renewable Energy Minister, R K Singh informed the Rajya Sabha replying to a question, that a renewable energy (RE) capacity of 7591.99 MW has been commissioned in the year 2019-20 (up to Dec 2019). He added that another 34160 MW RE capacity is under various stages of implementation. It is expected that renewable energy […]

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Vestas becomes first manufacturer to commit zero-waste wind turbines by 2040

Vestas is expanding its sustainability focus beyond the positive contribution of its products to also address waste generated in the value chain. Vestas has announced its intention to produce zero-waste wind turbines by 2040, further underlining our commitment to make sustainability part of everything we do. Vestas is the first turbine manufacturer to commit to […]

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Indian Railways to source about 1000 MW Solar Power by 2021-22

Indian Railways has planned to source about 1000 Mega Watt (MW) Solar Power and about 200 MW of wind power progressively by 2021-22 across Zonal Railways & Production Units. Of this, 500 Mega Watt (MW) solar plants are to be installed on the roof top of Railway buildings which will be used to meet non-traction loads at […]

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