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IFC proposes $50mn debt finance for Thar Surya solar power project
April 12, 2021
Source: The Pioneer

IFC proposes $50mn debt finance for Thar Surya solar power project

International Finance Corporation (IFC) plans to debt finance the construction of Thar Surya 1 Pvt Ltd’s 300 MW solar power project in Bikaner, Rajasthan by $50 million. Apart from lending $50 million, IFC will also mobilise $100 million debt through parallel lenders. According to IFC, the total solar power project cost is estimated at $200 million.

Three Polish wind farms acquired by Iberdrola
March 30, 2021
Source: Energy Global

Three Polish wind farms acquired by Iberdrola

Iberdrola has increased its renewable energy footprint in Poland, one of the company’s new growth markets. The group has reached an agreement with CEE Equity Partner to acquire three new onshore wind farms with a total capacity of 163 MW. The production from the facilities is largely already covered by 10-year power purchase agreements (PPAs).

SG passes resolution in support of a 100% renewable energy university by 2040
March 25, 2021
Source: The Oracle

SG passes resolution in support of a 100% renewable energy university by 2040

The Student Government (SG) Senate unanimously passed a resolution Tuesday calling on USF President Steven Currall to commit the university to have all electricity come from renewable sources universitywide by 2030 and operate on 100% renewable energy by 2040. The resolution was authored by members of USF’s Florida Public Interest Research Group (PIRG) chapter, including the 100% Renewable Energy Campaign Coordinator Daisy Perez.

Vietnam to cut rooftop solar feed-in tariff in bid to ease grid pressure
March 19, 2021
Source: Energyworld

Vietnam to cut rooftop solar feed-in tariff in bid to ease grid pressure

Vietnam plans to cut the feed-in tariff for rooftop solar panels by 30.8-37.9 per cent in a bid to reduce pressure on the national power grid following a recent boom in installed capacity, state media reported on Wednesday.Vietnam has had one of the fastest growing renewable energy markets in Asia in recent years, but the development of its transmission system has lagged.

China accounts for half of 6 GW in new global offshore wind installations in 2020
March 3, 2021
Source: Renewables Now

China accounts for half of 6 GW in new global offshore wind installations in 2020

The global offshore wind industry installed 6.07 GW of new capacity in 2020, with China in the lead with over 3 GW, the latest figures by GWEC Market Intelligence. The newly installed capacity was close to the record level of 6.1 GW reached in 2019, in spite of the pandemic. The world's total offshore wind capacity now stands at 35,196 GW.

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