EIB & Yes Bank Partner For $400 Million Solar, Wind Funding In India
The European Investment Bank has partnered with a private Indian bank to provide debt funding to large-scale solar and wind energy projects in India.
The European Investment Bank has partnered with a private Indian bank to provide debt funding to large-scale solar and wind energy projects in India.
With the rapid boom in the solar power market in India, increasing competition, and collapsing tariff bids, Indian insurance companies have launched products to protect lenders as well as developers.
More Indian states are switching to solar power from thermal power due to the cost benefits available with the former.
The Indian government is planning to revamp its incentive program for rooftop solar power systems in an attempt to expedite implementation of the capacity across various segments of power consumers.
Seeing the rapid decline in solar power tariffs and incentives from the government for inter-state transmission of solar power, Indian Railways is reportedly moving forward with a massive solar power park.
The United States is reportedly planning to take India back to the World Trade Organisation for violation of a decision regarding incentives for locally manufactured solar cells and modules.
The Indian government has expressed intentions to launch another highly ambitious solar power program. The Ministry of New & Renewable Energy is exploring the appetite for setting up floating solar power projects.
Construction has begun at one of India’s largest solar power parks, located in the state of Madhya Pradesh. The solar power park is unique in more than one way.
In a short span of two years, SoftBank-backed SB Energy has emerged as one of the leading solar power developers in India. SB Energy has made significant inroads into the rapidly growing solar power market in India through expansive and aggressive participation in competitive auctions.
We reported a while back on the fact that a large portion of the mica that’s now sold on the international market — and used to make car paints, cosmetics, etc. sparkle — is originating from illegal child and debt labor mines in India. That was over a year ago now. Has anything changed since then? Based on a follow-up report from the Thomson Reuters Foundation, no — children are still working in illegal mica mines in large numbers, they’re still dying or disappearing, their deaths are still being covered up, and it’s still so that people in wealthier places can drive cars that sparkle.