China’s TBEA Set to Launch its 2 GW Inverter Factory in Bengaluru

China’s TBEA Set to Launch its 2 GW Inverter Factory in Bengaluru

TBEA Xi’an Electric Technology Co., an affiliate of the TBEA Group, has announced that it will be unveiling its GW solar inverter factory on November 29, 2019, in Bengaluru. The ...
/ / Inverters & BOS, Solar
Azure Power and ReNew Power Were the Top Utility-Scale Solar Developers During 1H 2019

Azure Power and ReNew Power Were the Top Utility-Scale Solar Developers During 1H 2019

In the first half of this year (1H 2019), Azure Power, ReNew Power, Sprng Energy, and Tata Power emerged as the top four developers of utility-scale solar power projects in ...
/ / Mercom Research Focus, Other
Arinsun and ACME Solar Get Relief from CERC for Safeguard Duty Imposition

Arinsun and ACME Solar Get Relief from CERC for Safeguard Duty Imposition

In its recent notification, the Central Electricity Regulatory Commission (CERC) has ordered compensatory relief to two solar developers from safeguard duty imposition last year. ACME Jaipur Solar Power Private Limited ...
/ / Markets & Policy, Solar
Rewa Solar Park Projects

Sprng Energy Commissions 250 MW of Solar Projects at Madhya Pradesh’s Rewa Solar Park

Sprng Energy Private Limited, the renewable energy platform of Actis Private Equity Funds, has announced the commissioning of its first renewable energy project in India. The 250 MW solar project ...
India’s Economic Survey Predicts $330 Billion Investment in Renewable Sector by 2030

Piramal Joins Hands with Canadian Pension Plan for a $600 Million Renewable Energy Trust

Armed with an initial corpus of $600 million (~₹41.6 billion), the newly-formed Infrastructure Investment Trust (InvIT) would seek to acquire between 1.5-2 GW of stable and cash generating renewables assets ...
Maharashtra’s 1 GW Solar Tender Gets Enthusiastic Response, Oversubscribed by 400 MW

ACME Solar to be Compensated for Cost Incurred After Introduction of Safeguard Duty

The Central Electricity Regulatory Commission (CERC) has issued an order to compensate a solar power developer by accepting that the levy of safeguard duty was a ‘Change in Law.’ The ...
Solar Auctions in 2018: Who Had the Biggest Share of the Pie?

Solar Auctions in 2018: Who Had the Biggest Share of the Pie?

India's solar market is on a roll with over 24 GW of large-scale solar photovoltaic (PV) capacity installed in the country as of December 2018. According to Mercom India Research, ...
/ / Mercom Research Focus, Other
ACME Solar Wins SECI Auction to Develop 50 MW of Solar Projects Quoting ₹3.38/kWh

ACME Solar Wins 50 MW SECI Solar Auction With a ₹3.38/kWh Bid

The Solar Energy Corporation of India (SECI) has auctioned 50 MW of grid-connected solar photovoltaic (PV) projects to be developed in Gujrai Solar Park, located in Kanpur Dehat district of ...
India to Not Levy Provisional Safeguard Duty of 70 Percent on Solar Imports for Now

India to Not Levy ‘Provisional’ Safeguard Duty of 70 Percent on Solar Imports for Now

Module suppliers can heave a sigh of relief for now as they will not have to pay the 'provisional' Safeguard Duty of 70 percent for a period of 200 days ...
ACME’s Initial Public Offering to Fund Bhadla Solar Project

ACME’s $337 Million Initial Public Offering to Fund Bhadla Solar Project

The Securities and Exchange Board of India (SEBI) has approved ACME Solar Holdings’ Initial Public Offering (IPO) worth ₹22,000 million (~$336.86 million). The face value of each equity share is ...
/ / Finance and M&A, Solar
IEX Launched IPO

IEX Launches IPO

The Indian Energy Exchange (IEX) launched its initial public offering (IPO) issuing 60,65,009 equity shares at a face value ₹10 (~$0.15) each. The IEX has priced the shares in the ...
/ / Finance and M&A, Other
REWA Bid

The Four-Tier REWA Payment Security Model Responsible for Low Bids

The Rewa solar park auction heralded the dawn of falling solar tariffs in India with a low levelized bid of ₹3.30/kWh. There are two major reasons for such low tariffs ...
/ / Markets & Policy, Solar
Initial Public Offering

ACME Solar to Raise $337 Million Through IPO

As expected, ACME Solar Holdings has filed a draft red herring prospectus with Securities and Exchange Board of India (SEBI) for a ₹22,000 million (~$336.86 million) IPO at a face ...
/ / Finance and M&A, Solar
Jolywood ACME Solar Module Supply India Market

Jolywood (Taizhou) Solar Technology Enters India Solar Market

Jolywood (Taizhou) Solar Technology, a Chinese module manufacturer, entered the Indian solar market by signing a supply agreement with ACME Clean-tech Solutions, a renewable energy developer in India. Jolywood will ...
/ / Markets & Policy, Solar
IFC REWA ACME Solar Loan

IFC to Provide $50 Million Loan to ACME Jaipur Solar Power Private Limited for 250 MW Solar Project in Rewa

The International Finance Corporation (IFC), a member of the World Bank, will provide a $50 million (~₹3.2 billion) loan to ACME Jaipur Solar Power Private Limited, a wholly-owned subsidiary of ...
/ / Finance and M&A, Solar
renewable energy

Piramal Finance Approves Providing ACME With Additional Rs.700 Crores

Piramal Finance, a subsidiary of Piramal Enterprises, approved additional funding of Rs.7 billion (~$107.8 million) to ACME Solar Holdings. The funds were approved under a new product for the renewable ...
Solar Project

Government of Madhya Pradesh Signs Project Agreements for 750 MW Rewa Solar Park

The state government of Madhya Pradesh entered into project agreements with ACME Solar, Solenergi Power, and Mahindra Renewables on April 17, 2017, to develop the 750 MW Rewa Ultra Mega ...
/ / Solar, Utility Scale
110 MW of Solar Projects Commissioned in Uttarakhand

110 MW of Solar Projects Commissioned in Uttarakhand

Solar projects aggregating 110 MW have been commissioned in the state of Uttarakhand with another 65 MW expected to be commissioned by the end of March 2017. ACME Solar, Rays ...
/ / Solar, Utility Scale