Non-compliance with a September 2016 ruling of the World Trade Organization that barred India from mandating use of Indian-made solar modules and cells now forced the Indian government to cancel a 250 megawatt tender awarded last year.
India auctioned off 750 megawatts of utility-scale solar power capacity over the last few days to wrap up a highly eventful 2017 that saw new records being created in terms of tariffs.
An auctioned organized by India’s largest power generating company, NTPC Limited, yielded the lowest-ever tariff for a solar project obligated to use Indian-made solar modules.
At a recent auction conducted by the Gujarat government for 500 megawatts of solar projects, tariffs have risen slightly from the record lows in India.
One of India’s leading solar power project developers — Azure Power — managed to raise $500 million through a bond sale to overseas investors.
Azure Power, a major independent solar power developer, was awarded 46 megawatts of rooftop solar power capacity by Indian Railways.
Three units of 250 megawatts solar power were awarded at a levellised tariff of 4.9¢/kWh in India.
Nine months after filing papers for an Initial Public Offering (IPO) at the New York Stock Exchange (NYSE), India-based Azure Power has finally made the offer public. According to media reports, Azure Power, and its shareholders, will offer a total of 6.82 million shares in the price range of US$21-23 … [continued]
A new foreign investor is looking to enter the Indian renewable energy market with a possible investment in one of the leading solar power developers. According to media reports, Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) plans to acquire a 35% stake in Indian solar power … [continued]
One of India’s leading solar power project developers, Azure Power, is looking at equity markets to raise funds to expand generation capacity. Azure Power, one of the pioneering large project developers in the Indian solar power market, has filed for an initial public offering (IPO) at the New York Stock … [continued]
