French energy utility Engie announced major progress in India regarding its renewable energy business in India this month. The company has seen rapid growth in the highly competitive wind and solar power markets in India.
In an attempt to mitigate any risks that prospective solar power project developers may face with the sale of generated electricity, India’s Ministry of New & Renewable Energy has announced a crucial modification in rules.
After months of uncertainty, Solairedirect has finally found a buyer for its 250 megawatt solar power project in the Indian state of Andhra Pradesh.
Solairedirect, an international solar developer backed by French energy major Engie, is currently behind schedule for setting up a 250 megawatt solar power project in the Indian state of Andhra Pradesh as there are no buyers identified for the power to be generated.
Possessed with an insight that recognized the true power of solar as a future tenet of energy, Thierry Lepercq founded Solairedirect in 2006. Armed with the knowledge that the cost of photovoltaic technology would decrease over time, he pushed the solar agenda to grow Solairedirect into a solar power company that operates across four continents.
The Ministry of New and Renewable Energy in India has put a notification to impose heavy penalties if states or project developers unilaterally modify or move to renegotiate solar power purchase agreements.
Indian media outlets have reported a new development on the market buzz that Equis Energy, a renewable energy IPP in India, is looking to sell its assets.
Two marathon competitive auctions for a cumulative solar power capacity of 750 megawatts yielded new record-low solar tariff bids in India this month.
Solairedirect, a company owned by French utility Engie, recently won rights to develop a 250-megawatt solar power project in the Kadapa solar power park being developed in the state of Andhra Pradesh.
The Indian government has given its final approval to memoranda of understanding on cooperation in the renewable energy sector with France and Mongolia signed earlier this year. The agreements were signed by the countries involved during Prime Minister Modi’s visit to the respective countries. The agreement with France will have … [continued]
