Rooftop Solar Installers Seek Extension to Complete Projects Without Losing Subsidies

Rooftop Solar Installers Seek Extension to Complete Projects Without Losing Subsidies

Rooftop solar installers in the country who had won bids to build rooftop projects on government buildings have now sought more time from the power ministry for the completion of ...
Storms Affect Solar Assets in North Indian States

Storms Affect Solar Assets in North Indian States

North Indian states of Uttar Pradesh, Rajasthan, Haryana and adjoining regions have seen an unusual spate of dust storms recently. In an unfortunate event that cost many lives, the recent ...
YES Bank to Finance Solar Projects Worth $5 Billion by 2030

YES Bank to Finance Solar Projects Worth $5 Billion by 2030

YES Bank, an Indian private sector bank, is planning to mobilize up to $1 billion (~₹64 billion) to finance  solar photovoltaic (PV) projects in the country by 2023 and $5 billion ...
/ / Markets & Policy, Solar
Government Announces $350 Million Solar Development Fund for Project Financing

Government Announces $350 Million Solar Development Fund for Project Financing

The government has announced the setting up of a whopping $350 million (~₹22.4 billion) solar development fund to enable financing of solar projects in the country. The announcement was made ...
/ / Finance and M&A, Solar
NREDCAP Issues Tender For Supply of Solar Power to

NREDCAP Issues Tender For Supply of Solar Power to Vijaywada Municipal Corporation

The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has tendered a grid-connected solar PV project to supply power under open access to the Vijaywada Municipal Corporation (VMC) ...
/ / Solar, Tenders & Auctions
Winning Bid Without VGF Quoted in SECI’s Solar Auction

Winning Bid of ₹4.18 (~$0.064)/kWh Without VGF Quoted in SECI’s 5 MW Solar Auction

A winning bid of ₹4.18/kWh without viability gap funding (VGF) was quoted in a 5 MW grid-connected solar PV project auction conducted by Solar Energy Corporation of India (SECI), under ...
/ / Solar, Tenders & Auctions
SBI World Band Rooftop Solar India

SBI and World Bank Extend $357 Million Credit to 7 Indian Companies for Solar Rooftops

The State Bank of India (SBI) and the World Bank have announced ₹23.2 billion ($357 million) in credit facilities for seven Indian solar companies that will be used to develop ...
/ / Finance and M&A, Rooftop
Railway Solar Auction 67 MW

Railway Energy Management Company Auctions Over 67 MW of Rooftop Solar

The Railway Energy Management Company Limited (REMCL) successfully auctioned 67.38 MW of rooftop solar projects for the Indian Railways. These projects will be developed at premises and properties owned by ...
/ / Solar, Tenders & Auctions
Finance

State Bank of India to Finance 100 MW of Grid-Connected Rooftop Solar Projects

The State Bank of India (SBI) announced it will provide Rs.4 billion (~$62.2 million) to private developers finance 100 MW of grid-connected rooftop solar projects in India. The financing is ...
Railway Station

Vivaan Solar to Develop 1.5 MW Solar Rooftop Project at Jhansi Railway Station

Vivaan Solar will develop the 1.5 MW solar rooftop system at the Jhansi Railway Station. The company quoted a tariff of Rs.5.64 (~$0.0844)/kWh and the project is expected to be ...
/ / Rooftop, Solar
rupees

$1.1 Billion in Funding and M&A Deals Announced in the Indian Solar Sector in Q4 2016

With solar installations in 2016 totaling 4 GW, financial activity was robust in the fourth quarter of 2016, with approximately $1.1 billion (~Rs.76.6 billion) in announced corporate, project funding and ...
/ / Finance and M&A, Solar
Hindustan Aeronautics Limited Commissions 3.5 MW Solar Project in Bengaluru

Hindustan Aeronautics Limited Commissions 3.5 MW Solar Project in Bengaluru

Hindustan Aeronautics Limited (HAL) has commissioned a 3.5 MW solar project on the HAL airport premises in Bengaluru. The power generated from the project will help fulfil HAL’s power requirement ...
/ / Solar, Utility Scale
Railway Station

Northern Railways to Install 5 MW Rooftop Solar in Four of its Stations

The Northern Railways is setting up 5 MW of solar rooftop at the New Delhi, Old Delhi, Anand Vihar and Hazrat Nizamuddin railway stations with the objective of generating electricity ...
/ / Off-grid, Solar
Greenko Completes SunEdison India Acquisition

Greenko Completes SunEdison India Acquisition

Greenko Energy Holdings (Greenko) has completed the acquisition of SunEdison’s 587 MW Indian wind and solar projects for a cash payment of $42 million and assumption of project-level debt of ...
/ / Finance and M&A, Solar