latest Market News

 As part of India's ambitious goal of reaching 100 gigawatts of solar energy production by 2022, the country's largest lender, State Bank of India, has agreed to extend 23.17 billion rupees ($357 million) worth of credit to seven companies for solar power generation.   The financing is being granted to companies including the JSW Energy, Adani Group Tata Power Renewable Energy, Hero Solar Energy and Hinduja Group's Hinduja Renewables...

  • Posted on : Thursday , 2nd November 2017
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 South-Eastern Coalfields limited (SECI) and The Northern Coalfields Limited (NCL) – subsidiaries of Coal India Limited (CIL), has visualized the execution of green energy by way of 200 MW installation in the state of Madhya Pradesh.   SECI on behalf of Owner (CIL and subsidiaries) has invited bids from eligible bidders to participate. The offer is for Engineering, Design, Supply, Erection, Construction, Testing &...

  • Posted on : Thursday , 2nd November 2017
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 Essel Infraprojects, part of the Essel Group, is looking for buyers for its 685 megawatts of solar power capacity, which is nearly 50% of its overall renewable energy portfolio of 1,400 megawatts. While the company has not specified the reason for this planned sale, it joins several others who have either already sold off or are looking to offload their solar power assets.   Another commonality in Essel Infraprojects and other...

  • Posted on : Thursday , 2nd November 2017
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 Yes Bank is hired by SkyPower Ltd to sell a stake in its solar power projects in India.   The move by the company to sell a stake in its India portfolio is representative of the investment thesis adopted by foreign developers in India’s clean energy space. With financing at the lowest cost becoming key to success, given record low wind and solar power tariffs, the deal-making activity in the Indian clean energy space has...

  • Posted on : Thursday , 2nd November 2017
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 A Bangladeshi official said, in the next couple of years electricity imports from India may meet nearly a quarter of Bangladesh’s total demand for power.   On a daily basis, India currently exports 660 MW of electricity to Bangladesh. Of the total, 250 MW is sold through a bilateral agreement at India’s domestic generation tariff. The rest are open market purchases.   500 MW is transmitted to Bangladeshi power...

  • Posted on : Thursday , 2nd November 2017
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