Renex

CERC approves India’s third power exchange to Pranurja Solutions

Pranurja - India's Third Power Exchange

The Central Electricity Regulatory Commission (CERC) has given approval to the petition filed by Pranurja Solutions Ltd, to establish what will become India’s third power exchange after Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL). Pranurja Solutions Limited proposes to offer a power trading exchange platform and had filed a petition with the …

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Renewable Power competes with Thermal Power in Spot Energy Market

India Solar Energy 2019 Capacity (1)

Renewable energy has steadily and quietly crossed a major landmark  recently as it started competing directly with electricity generated by Thermal Power plants in the spot energy market, intensifying competition in the energy sector. ReNew Power has become the first renewable power company in India to compete with thermal (coal-based) plants in the spot market as …

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Yes Bank-EIB invest $400 million in wind and solar projects

Yes Bank-EIB invest $400 million in wind and solar projects

Yes Bank and the European Investment Bank will co-finance USD 400 million funding for renewable power generation in the country. “The new financing programme will streamline financing for a range of renewable energy projects being built and operated by leading Indian corporations and private sector developers,” Yes Bank and EIB said in a joint statement issued here today. Of the …

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Shapoorji Pallonji Group in talks to sell off 400 MWp Indian Solar portfolio

Shapoorji-Pallonji-Group-in-talks-to-sell-off-400-MWp-Indian-Solar-portfolio

The consolidation exercise continues in India’s green energy space with diversified conglomerate Shapoorji Pallonji Group in stake sale talks for its solar power project portfolio. The privately-held SP Group, which had $5 billion in revenue in 2016, is seeking a financial investor given that financing at the lowest cost holds the key to success. This …

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