IFC subscribes to L&T’s Green Bond to help finance Indian solar

The World Bank’s IFC has invested INR6.67 billion (US$103 million) in L&T Infrastructure Finance Company to help finance solar PV in India.

Read more

Tamil Nadu 1.5GW tender ends with lowest tariff of 3.47 rupees

UPDATED: The Indian state of Tamil Nadu’s latest 1.5GW solar auction has received the lowest bids in the state so far with Raasi Green Earth winning 100MW of capacity with a tariff of INR3.47/kWh (US$0.054).

Read more

Soltec to supply 101MW of PV trackers to project in Brazil

Single-axis solar tracker manufacturer Soltec will supply its SF Utility tracker equipment to the Floresta solar PV power plant in the state of Rio Grande do Norte, Brazil.

Read more

Spain’s 3GW renewables auction moved to 26 July

Spain’s next 3GW renewable energy auction has been set for 26 July, having originally been pencilled in for 18 July, according to an announcement by energy minister Álvaro Nadal.

Read more

Brazil expected to hit 1GW of solar this year

Brazil is primed to surpass 1GW of solar in 2017 as projects from three auctions between 2013-15 start to come online, but the industry eagerly awaits the next government 10-year electricity demand forecasts, according to the Brazilian solar association ABsolar.

Read more

India ROUND-UP: Weather and low cost power portals, Maharashtra 2GW tenders, Tamil net metering cuts

Piyush Goyal launches lowest-cost power ‘Weather Portals’ for the industry, Maharashtra set for 2GW of solar tenders, Tamil Nadu proposes ‘drastic’ net metering cuts

Read more

Brazil’s EPE studies PV potential in north Minas Gerais

Brazil’s energy agency EPE has conducted a study on the potential for solar PV installations in the north and northwest regions of Minas Gerais.

Read more

Lyon plans another giant solar and storage plant in Australia with ground-breaking tender

Brisbane-based renewable energy investor Lyon Group has launched an innovative utility-scale solar-plus-storage market services tender to cover 640MWh of storage across three major projects in Victoria, South Australia and Queensland.

Read more

EDF Energies Nouvelles acquires 80% interest in Canadian Solar’s Pirapora II project in Brazil

‘Silicon Module Super League’ (SMSL) member Canadian Solar has said that EDF Energies Nouvelles (EDF EN)has acquired an 80% interest in its 115MW Pirapora II PV power plant project in Brazil.

Read more

World Bank approves US$54.4 million project to develop first large-scale PV plant in Mongolia

The World Bank announced last week that its Board of Executive Directors approved the Second Energy Sector Project, which will help strengthen Mongolia’s electric grid and develop a 10MW installation within the country.

Read more

Spain 3GW auction pencilled in for 18 July with price reduction changes

Spain’s energy ministry has earmarked its next 3GW renewable energy auction to take place on the 18 July and introduced a bidding parameter change that could give solar PV a stronger chance of succeeding than in the previous auction, under a draft regulation sent to the CNMC.

Read more