India

ArcelorMittal partners Greenko for 975MW 'round the clock' renewable project in India

Steel supplier ArcelorMittal has actually partnered with Indian renewable company Greenko Group to develop a 975MW 'round the clock' wind and solar project in India.

Mar 22, 2022 // Plants, Markets & Finance News, UTILITY-SCALE SOLAR, India, Asia, Andhra Pradesh, Greenko, arcelormittal, Aditya Mittal

World's biggest solar tree record smashed

With a PV panel surface area of 309.83 sq. m, the solar tree is formally accredited by Guinness World Records (GWR) as the biggest solar tree worldwide.

Mar 18, 2022 // Plants, India, Asia, solar tree, Harish Hirani

Andhra Pradesh high court orders utilities to honour PPA agreements in key ruling for Indian renewables

In a substantial ruling for the Indian renewables market, a high court in the state of Andhra Pradesh has ruled that state circulation utilities (Discoms) must pay renewable business the terms they agreed to when they authorized power acquisition agreements (PPAs) within 6 weeks.

Mar 17, 2022 // Markets & Finance News, PPA, India, Asia, Vinay Rustagi, ReNew Power, Andhra Pradesh, Azure Power, judicial rulings, Girishkumar Kadam

International Finance Corporation Will Finance 600MW Solar Power Park in India

The solar power park project will certainly be developed by TUSCO in Uttar Pradesh. Last year, the IFC had made a crucial financial investment of $126 million in the Federal Band-- a private sector bank-- in India for the development and development climate pleasant projects

Mar 16, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, India, Solar Energy, Asia, international finance corporation, ifc, mnre, Renewable Energy, Solar Park, RE, Uttar Pradesh, TUSCO, Ultra Mega Solar Parks

GoodWe Hits 1.5 GW Milestone in India

Inverter major GoodWe, which has been a particularly solid player in the residential and commercial rooftop segment up until recently, when it increased offerings to the utility section also, has actually gone across the 1.5 GW milestone in India.

Mar 16, 2022 // Markets & Finance News, Inverters, India, Asia, GoodWe, Anil Bhat, awnish pandey, darshan kumar jain, India sales milestone, vipin bharadwaj

ThomasLloyd Energy got rid of to purchase stake in 434-MW Indian solar portfolio

ThomasLloyd Energy Impact Trust Plc (LON: TLEI) has actually received clearance from the Indian government to get a 43% stake in SolarArise India Projects Pvt Ltd for USD 34.6 million (EUR 31.5 m).

Mar 15, 2022 // Markets & Finance News, India, Asia, ThomasLloyd Energy Impact Trust Plc

Four Solar Power Projects Worth 6.5 MW Floating Up in Chandigarh Soon

First announced last year, these projects are finally all set to continue to the building and construction phase. With a tension on floating solar, these projects will contribute to the fast building portfolio of floating solar projects in India.

Mar 15, 2022 // Floating PV, India, Asia, solar panel, Renewable Energy, Solar Project, Chandigarh, CREST, Dhanas Lake, floating solar power, N-Choe, Patiala ki Rao

Solar duo toast 192MW PV in India

Ayana Renewable Power and also Maxeon Solar Technologies reach commercial procedures at the Bikaner 1 project

Mar 14, 2022 // Plants, India, Asia, Maxeon Solar Technologies, Shivanand Nimbargi, ayana renewable power, Jeff Waters

Sungrow opens 10GW solar inverter production facility in India

Chinese inverter maker Sungrow has actually inaugurated a 7GW growth to its solar inverter factory in India, taking the center's production capacity to 10GW.

Mar 14, 2022 // Manufacturing News, Sungrow, India, Asia, manufacturing capacity, inverter manufacturing, inverter supplier

Solar Boats introduced at Peruvannamuzhi, Kerala

The state federal government has actually started 2 solar ferries at Peruvannamuzhi storage tank to promote Sun Cruise culture.

Mar 2, 2022 // Transport, India, Solar Energy, Asia, kerala, Solar Power, Solar Boats, Peruvannamuzhi, Roshy Augustine, solar ferries

Avaada raises $192m solar war chest

Group chairman said the green bond issue in India's capital markets drew in 'overwhelming interest'

Mar 1, 2022 // Markets & Finance News, India, Asia, Vineet Mittal, Avaada

India includes 10GW of solar PV in 2021, brings total installed capacity to 49GW

India added more than 10GW of solar PV in 2021 as the country hit a cumulative set up solar capacity of 49GW by the end of the year, according to research company Mercom India Research's latest update on India's solar market.

Mar 1, 2022 // Markets & Finance News, Rooftop PV, UTILITY-SCALE SOLAR, India, Asia, Mercom India, JMK Research, install figures

Azure Power making 'consistent improvements' as functional capacity exceeds 2.5 GW.

Azure Power exceeded the upper end of its profits assistance for its Q3 fiscal year thanks to the enhancement of brand-new renewables projects.

Mar 1, 2022 // Markets & Finance News, IPP, PPA, India, SECI, Asia, Azure Power, Ranjit Gupta

SJVN bags 15 MW floating solar project in Himachal Pradesh

SJVN has actually nabbed the full priced estimate capacity of 15 MW on 'build own and also run' basis via e-Reverse Auction held by Solar Energy Corporation of India, the company claimed.

Feb 28, 2022 // Plants, Floating PV, India, Asia, Solar Project, SJVN, Nand Lal Sharma

ReNew sees 25% revenue jump however net losses soar as a result of NASDAQ listing

Indian independent power manufacturer (IPP) ReNew Power posted a 25.6% jump in revenue for the initial nine months of the fiscal year 2022 (FY22) compared to the very same duration in the 2021 fiscal year, while its net losses soared as a result of its August IPO on the NASDAQ.

Feb 28, 2022 // Markets & Finance News, IPP, India, Asia, ReNew Power, nasdaq

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