Engie has announced the commissioning of a 200 MWAC (290 MWp) solar power project at the Raghanesda Solar Power Park, Gujarat. Debt for the project has been secured under a long-term project financing arrangement with the Asian Development Bank (ADB) and Societe Generale. The project has been implemented through ElectroContinue Reading

Debt is essential for distributed renewables: Project finance for mini-grids, working capital and end-user financing for rooftops, solar pumps and solar home systems. But, it has been largely missing from the sector, especially for “last-mile” communities. Company executives cite three primary reasons: Technologies and business models are new so theContinue Reading

Global Infrastructure Partners (GIP) is in talks to buy the Indian solar power business of French energy firm Engie SA in a deal potentially worth around $500 million. GIP is interested in Engie Solar, which has an 1,100 megawatt (MW) solar portfolio in India. Of this, 740MW is operational. GIPContinue Reading

SB Energy, a SoftBank-led project developer, Finland-based Fortum Solar, and French utility Engie secured the rights to develop 700 megawatts of capacity at Gujarat’s Raghanesda Solar Park, located in Banaskantha district. Three major Indian developers had showed interest in the tender but failed to make the cut in the financialContinue Reading

Engie, one of the largest foreign investors in India’s solar space, is undertaking bigger leaps by reinforcing its commitment to decentralized renewable energy systems for rural India. The company currently has around 800 megawatts (MW) of utility-scale solar projects (around 330MW under construction) and 280MW of utility-scale wind (all committedContinue Reading

ENGIE has purchased 90 per cent of Simpa Energy India from its parent company, Simpa Networks, Inc, gained a controlling stake in the Indian business, and also made an investment into Simpa Energy India to accelerate further growth. The move reinforces ENGIE’s commitment to decentralized renewable energy solutions globally andContinue Reading