India’s Largest Solar Tender Yields Lowest Tariff Ever
Two of India’s leading solar power developers have managed to win possibly the largest capacities ever awarded in a single tender in the country.
Two of India’s leading solar power developers have managed to win possibly the largest capacities ever awarded in a single tender in the country.
Last month, Indian stock markets witnessed the listing of shares of one of the largest renewable energy developers in the country. This listing did not come through an initial public offering, but rather through a de-merger of the renewable energy developer from its parent entity. The company is now tied with Suzlon Energy as the largest pure renewable energy entity listed at Indian bourses, in terms of market capitalization.
Uttar Pradesh, one of the largest power consuming states in India, has long been a laggard in setting up solar power projects, and increasing the share of solar power in its energy mix. All that, it seems, is about to change very soon.
Solar power tariff bids in India seem to have stabilized around ₹2.71/kWh (4¢/kWh) in the latest major auction for utility-scale solar power projects.
Some of the leading solar and wind energy generation companies in India are prepping for equity sale at bourses. A number of Initial Public Offerings (IPOs) are expected after a long spree of highly competitive tariff bids, both in the solar as well as wind energy sector.
One of India’s leading solar power project developers, Acme Solar, has significantly reduced the size of its Initial Public Offering.
The impact of increased imported solar power modules has become evident with the substantial rise in solar power bids in the recent auction.
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.
What happened in the solar & storage industries in October? A lot! Below is a concise summary of the most notable solar and energy storage stories of the month.
One of India’s leading solar power developers in the private sector is planning to list itself on the Indian bourses. Acme Solar Holdings is looking to raise Rs 2,200 crore ($335 million) through its initial public offering.