India

India's Torrent Power Ltd (BOM:532779) has actually shut the purchase of a special objective vehicle (SPV) that holds a 50-MW solar power plant in the state of Maharashtra in an offer worth INR 3 billion (USD 39.4 m/EUR 35.7 m).

Vikram Solar has actually filed draft papers for its initial public offering (IPO) as it seeks to raise funds for a 2GW integrated cell as well as module factory 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.

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.

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.

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

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.

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).

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.

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

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.

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

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

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.

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