One of India’s leading renewable energy project developers is reportedly planning to raise fresh funds to finance solar power projects. ReNew Power Ventures is reported to be in talks with Swiss private equity firm Partners Group to raise up to $200 million. Reports of the company looking to sell equity … [continued]
Leading solar modules manufacturer Hanwha Q Cells has announced a partnership with one of India’s largest solar power project developers. Hanwha Q Cells will supply modules and invest in the development of a 50 MW solar PV power plant in India. The project will be developed by Azure Power in the … [continued]
ACME Solar, part of an energy management group based in northern India, continues to expand its footprint in the huge and rapidly expanding Indian solar power market. ACME Solar has become the largest successful bidder in India’s biggest solar power auction till date. The company has been awarded rights to … [continued]
On Monday, Telangana announced the final results for its 2,000 MW solar tender, the single largest solar power allocation in India till date. The state-owned utility, Telangana State Southern Power Distribution Company Limited (TSSPDCL), was responsible for floating the 2 GW solar tender. Telangana had offered prospective developers projects through competitive … [continued]
The Japanese International Cooperation Agency has finalised plans to fund solar power parks in various states of India. According to the recent announcement, the Japanese International Cooperation Agency (JICA) plans to invest $500 million into the Indian solar parks. Other multilateral institutions like the World Bank, KfW, the European Investment … [continued]
In the recent past numerous foreign developers and investors have gained a foothold in the flourishing Indian solar market attracted by its massive target of 100 GW capacity by 2022. According to a recent announcement, Indian solar module manufacturer Rolta Power has signed a memorandum of understanding with Chinese firm Zhenfa … [continued]
Yet another renewable energy project developer in India is on the acquisition radar of foreign investors. This time French energy company ENGIE is eyeing a $180 million buyout of Kiran Energy Solar Power. ENGIE, formerly GDF Suez, is planning to acquire a majority stake in Kiran Energy Solar Power, a project … [continued]
India’s Cabinet has given the go-ahead for the auction of 2 GW worth of solar power capacity under the National Solar Mission. During a recent meeting of the Cabinet, where the government also gave a formal approval to the 100 GW installed solar power capacity target by 2022, it was … [continued]
For quite some time now, India’s national solar power capacity target has been quoted as 100 GW by 2022, mostly on the basis of speeches from ministers and high level bureaucrats. But there has always been some hesitation in doing so, as this was never ‘officially‘ announced. At times there have also … [continued]
By the end of this year India may break into the top 10 solar power markets, in terms of installed capacity, as the South Asian giant has now crossed 4 GW of installed solar power capacity. India’s Ministry of New & Renewable Energy (MNRE) has reported that the country now … [continued]
