International Finance Corporation (IFC) will provide advisory support and assist the Solar Energy Corporation of India Limited (SECI), Ministry of New and Renewable Energy, Government of India in identifying and developing multiple renewable energy projects, including ground-mounted solar projects in States with underdeveloped potential and innovative projects such as floating solar, hybrid, energy storage and possibly off-shore wind projects across multiple States, through Public-Private Partnership (PPP) transactions. The successful implementation of the project is expected to result in clean power generation, avoidance of greenhouse gas emissions, and mobilization of private sector investment in the renewable energy sector.
IFC will also help SECI in competitive bidding for the selection of private sector developers for the installation and operation of renewable energy projects to be identified.
Country updates
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June 12, 2020
Adani Green Energy Wins $6bn 8 GW Solar Award in India
Adani Green Energy Limited (AGEL) has won the first of its kind manufacturing linked solar agreement from the Solar Energy Corporation of India (SECI). As a part of the award, AGEL will build 8 GW of...
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May 27, 2020
Inox Wind sells stakes in Sri Pavan Energy Pvt Ltd
Inox Wind Ltd, through its unit Inox Wind Infrastructure Services (IWISL), has sold its 51% interest in the wind power generation business Sri Pavan Energy Pvt Ltd to Telangana-based Sri KPR...
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May 22, 2020
Powerica selected GE for 102.6 MW of wind project in Gujarat
GE Renewable Energy has been selected by POWERICA Ltd to supply 38 of its 2.7-132 onshore wind turbines to be installed at the Rajkot and Khambaliya wind farms in Gujarat, India. Both projects were w...
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April 28, 2020
KKR signs agreement to buy 317 MWp of Indian solar projects
KKR and Shapoorji Pallonji Infrastructure Capital (SP Infra) have signed definitive agreements under which KKR will acquire five solar energy assets from SP Infra for a total consideration of INR15.54...
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April 22, 2020
India extends timeline for renewable energy projects due to COVID-19
The Government of India has extended the deadline of all renewable energy projects currently under development because of the lockdown brought by COVID-19 pandemic. The projects granted for the imple...
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