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Brookfield Asset Management shines bright in India with a 550-MWp solar park project in Rajasthan, backed by USD 105 million funding from the International Finance Corporation.

ReNew Power gets a 51-percent stake of the project, while the Korean contractor will hold the remaining 49 percent. The project has been won during the tranche-IV tender held by SECI in 2019.

Manila-headquartered Asian Growth Bank (ADB) said on Thursday that it had devoted $3.92 billion in sovereign car loans for 13 projects to India in 2020, consisting of $1.8 billion in projects to support the Government of India's coronavirus condition (COVID-19) pandemic action.

The World Bank, with the project, offers to India $150 million IBRD loan, a $28 million Clean Technology Fund (CTF) loan and a $22 million CTF grant. The project will certainly support SECI with human resource as well as company planning, project monitoring, procurement, economic and also contract management, environmental and also social safeguards as well as economic management, among others.

India's government is to supply a further Rs19,500 crore (US$ 2.6 billion) of funding for its PV production Production Linked Incentive (PLI) scheme, with the country intent on spurring more development of a residential solar manufacturing base.

McDonald's India (North & East) has commissioned Delhi's largest solar power plant in Najafgarh with a capacity of 3.2MW. It is expected to reduce CO2 emissions by 3,822 tonnes annually and promote biofuel & biodiesel for ecological sustainability.

The state enterprise Solar Energy Corporation of India (SECI) issued at the beginning of the month a tender for 1,200MW of renewable power that can be used to alleviate peak demand issued on the grid, in effect mandating the use of energy storage systems (ESS).

Tata Power subsidiary Tata Power Renewables Energy (TPREL) has actually commissioned a 300MW solar project in Gujarat, India which it declared was India's biggest single-axis solar tracker system.

A new support plan from India's federal government to boost the residential manufacture of PV modules has actually seen 18 bidders send 54.8 GW of applications, according to consultancy JMK Research & Analytics.

Some 1 GW of utility scale project ability was contributed to the end of June.

Danish investment company Copenhagen Infrastructure Partners (CIP) has actually signed an agreement with Amp Energy to enable the enhancement of 1.7 GWp of renewables projects in India.

ADB provides loan to India's Fourth Partner Energy to fund 25-MW solar park, increasing innovative renewable energy production to 50.7 GW/yr & reducing CO2 emissions by 41,700 tonnes/yr. India's open access renewable energy policy encourages international financing for decarbonisation.

Engie is building a 400-MW solar park in India with a 25-year power purchase agreement with GUVNL. This park will generate 907 GWh of electricity annually and reduce CO2 emissions by 774,112 tonnes. Engie's goal- 1.5 GW renewable portfolio in India & 80 GW globally by 2030.

Solar solution provider as well as park developer Rays Experts on Tuesday introduced that it has appointed solar projects of around 700 MW capability across the nation. These projects consist of a 440 MW solar plant inside the park, 210 MW solar plant outside the park, 49 MW rooftop installments for commercial/industrial sites, and also 4 MW devices throughout 8,400 residences.

Sungrow, the worldwide leading inverter remedy distributor for renewables, declared that its advancing deliveries to India crossed 7 GW by the end of 2020, testimony to its broad approval amongst the leaders in India's expanding decarbonized power space.