India May Mandate 40% Electric Fleet For Uber & Other Cab Aggregators
The Indian government is reportedly planning to mandate cab aggregation services to have minimum percentage of their fleet as electric cars.
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India’s Leading RE Developer Plans Transmission Foray
Amidst rising competition and falling tariff bids for solar and wind energy projects, India’s leading renewable energy project developer is looking to foray into the transmission business.
Indian Renewable Energy Developers Drop IPOs, Plan Yieldcos
Faced with uncertain funding environment, falling tariff rates, and an unpredictable revenue stream from buyers, Indian developers have backtracked plans to launch initial public offerings.
Low Margins, Cheaper Modules Make India Lowest-Cost Producer Of Solar PV
The International Renewable Energy Agency (IRENA) has issued a new report, entitled Renewable Power Generation Costs in 2018. The report finds India as the country with lowest installation cost for solar PV power plants. IRENA has compared costs for 19 countries with large solar PV installed capacities.
Waaree Energies Launches Bifacial PV Module For India Rooftop Market
One of India’s largest solar module manufacturers has launched two new products focused on the country’s rooftop solar power market. The company now expects an exponential growth trajectory over the next few years.
Indian PV Module Maker Eyes 50% Share In Chinese-Dominated Market
Adani Solar, a subsidiary of Adani Green Energy, and part of the Adani Group, has set an ambitious target for itself — to achieve 50% share in India’s solar panel market which is currently dominated by Chinese equipment.
India’s ReNew Power Plans To Raise $300 Million Through Rights Issue
One of India’s largest renewable energy generation companies plans to raise fresh equity funding through a rights issue.
Honda Plans Hybrid Route To India’s Budding Electric Car Market
Honda Cars India, a subsidiary of the Japanese brand Honda, has reiterated that it shall go slow on the introduction of electric cars in the country until there is a clear roadmap from the policy front.
Shell & Statkraft Eye Indian Wind IPP With 2.4 Gigawatt Capacity
After nearly four years, Indian wind energy developer Continuum Wind Energy is back on the acquisition radar of international power companies. European power majors Shell and Statkraft are looking to acquire Continuum Wind Energy. Additionally CLP India, a subsidiary of China’s CLP Group, is also reported to be interested in the deal.
1.5X Oversubscription In India’s Latest Solar Tender
Finally, a ray of hope for the Indian renewable energy market with massive oversubscription in the latest and fourth national-level solar power tender issued by the Solar Energy Corporation of India. The massive oversubscription reported for this tender comes after capacity offered in a slew of state and central-level tenders remained unsubscribed by project developers.
