south asia

Colorado-based mini-grid specialist Husk Power has secured more than US$100 million in equity and debt funding aimed to grow its community solar mini-grids in rural sub-Saharan Africa and South Asia.

The sourcing of PV cells and modules from authorised providers was due to become mandatory for certain projects in April but the country is granting a six-month extension to help with COVID-19.

Hybrid tender will mix PV, wind and others with thermal power plants to offset the impacts from intermittent renewable capacity coming online.

Source confirms reports claiming Actis is to take over large-scale portfolio, boosting market footprint for investor already targeting Indian solar through dedicated unit.

Formerly New Delhi-based firm endorses India's efforts towards 175GW-by-2022 renewable capacity target at event marking HQ relocation to UK capital.

Deal to sell 74% stake to Mumbai-based financial services group Edelweiss will pave way for ‘partnership’ where Engie will continue running solar assets on buyer’s behalf.

Builder SHS Holdings warns country’s authorities could tear up PPA as plant may not be delivered in time despite deadline extension.

Memorandum of understanding signed in Abu Dhabi by both countries also foresees the installation of 800-1,000MW LNG power plant.

The Church Pension Fund (CPF), a financial services organization that serves the Episcopal Church, has invested US$17 million in a fund that provides loans to microfinance institutions, distribution companies, and manufacturers in the off-grid solar sector in sub-Saharan Africa and South Asia.

Pakistan is set to adopt competitive bidding for new solar PV projects, according to an order published by the National Electric Power Regulatory Authority (NEPRA).