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News 2017-12-21T16:46:04+00:00

Power play: pumped hydro eyes path through Australia’s climate wars

KIDSTON, Australia (Reuters) - At an abandoned gold mine in Australia’s outback, plans are being laid for a large-scale renewable energy project generating continuous power, but its fate may sway on the outcome of next [...]

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Troubled power cos: At least 3 firms could see resolution in two months

  The resolution of at least three troubled power companies, including Coastal Energen, GMR Chhattisgarh and Jaiprakash Power Ventures, could be completed in the next two months, bankers have indicated to FE. In the case [...]

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SECI’s 1,200 MW wind energy sale gets tepid response

Some developers claimed that SECI’s continuing practice of setting a ‘ceiling tariff’ was the cause. BENGALURU: Solar Energy Corporation of India’s (SECI) 1,200 MW wind auction on Monday saw surprisingly lukewarm response from developers, with techno-commercial bids of only [...]

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12% GST on RECs: Renewable power companies move Delhi High Court

  Renewable power companies have moved the Delhi High Court, seeking to exempt the renewable energy certificates (RECs) from the goods and services tax (GST). The case will also have implications on priority sector lending [...]

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ADB committed highest-ever USD 3 bn in sovereign loans to India in 2018

The report also noted that in India, ADB provided a USD 100-million loan to Ostro Kutch Wind, a renewable energy company owned by investment funds under the management of Actis Capital, for constructing and operating [...]

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Chinese state firm starts building 500MW of solar, huge energy storage system

Subsidiaries of state-run energy conglomerate China Energy Engineering Corp have started constructing two major solar plants and one of the largest energy storage systems in China, according to filings on the Stock Exchange of Hong [...]

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