Buyers Lap Up Solar and Green Power from Indian Energy Exchange’s New Trading Platform

Buyers Lap Up Solar and Green Power from Indian Energy Exchange’s New Trading Platform

Solar power is trading at premiums ranging between ₹0.40 (~$ 0.0054)/kWh and ₹0.60 (~$0.0082)/kWh on the Indian Energy Exchange’s (IEX) recently launched renewable energy platform, an executive told Mercom. “IEX ...
/ / Markets & Policy, Solar
Petronas' Indian Arm Acquires 100 MW of Solar Assets from ACME at ₹8 Billion

Petronas’ Indian Arm Acquires 100 MW of Solar Assets from ACME at ₹8 Billion

Amplus, the Indian arm of Petronas (Petroliam Nasional Bhd), a Malaysian government-owned oil and gas company, has acquired 100 MW of solar assets from ACME Solar. The deal was valued ...
/ / Finance and M&A, Solar
Daily News Wrap-Up_ Amplus First to Trades on Green Term-Ahead Market

Daily News Wrap-Up: Amplus First to Trade on Green Term-Ahead Market

Here are some noteworthy cleantech news and announcements of the day from around the world: Amplus Solar said that it became the first solar generator to trade solar electricity on ...
/ / Other, Renewable Energy
Determining Commercial Operation Date Essential for Wheeling Agreement for Renewables

Determining Commercial Operation Date Essential for Wheeling Agreement for Renewables

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has ordered Amplus Green Power Limited to submit generation data to the state load despatch center (SLDC) to determine the date of commercial ...
Removal of 1 MW Cap on Net Metering Crucial for India’s Rooftop Solar Growth

Removal of 1 MW Cap on Net Metering Crucial for India’s Rooftop Solar Growth

The rooftop solar market in India has been growing steadily over the last five years. According to the recent Q2 2019 India Solar market update published by Mercom India, cumulative ...
/ / Mercom Research Focus, Other
Online Grocery Retailer Big Basket to Install 1.4 MW of Rooftop Solar Systems

Online Grocery Retailer Big Basket to Install 1.4 MW of Rooftop Solar Systems

Amplus Energy Solutions, a rooftop solar company, has joined forces with Big Basket, an online grocery retailer, to deploy renewable energy installations at its various premises in the country. As ...
/ / Rooftop, Solar
Karnataka Floats Tender for Solar-Powered Lights and Fans in 900 Anganawadi Buildings

Wheeling & Banking Agreement Mandatory to Receive Compensation for Solar Power Supplied

The Karnataka Electricity Regulatory Commission (KERC) has ruled against providing any relief to Amplus Power Solutions, the developer of a 34.3 MW solar power project in a solar park located ...
Amplus to Develop 150 MW of Solar Projects in Haryana as State Waives Open Access Charges

Amplus to Develop 150 MW of Solar Projects in Haryana as State Waives Open Access Charges

Amplus Energy Solutions has decided to make the most of the waiver provided to open access solar photovoltaic (PV) projects in Haryana. The company has secured an approval from the ...
Brookfield Negotiates with ReneSola for its Distributed Solar Assets in China

Malaysia’s PETRONAS Acquires Singapore’s Distributed Solar Company Amplus Energy

Malaysia’s state-owned oil and gas company, PETRONAS, has announced the acquisition of Singapore-based Amplus Energy Solutions Pte Ltd (M+). In a media statement issued by PETRONAS, the company stated that ...
/ / Finance and M&A, Solar
REIL Retenders 50 MW of Rooftop Solar to be installed on Government Buildings

AMP Solar Quotes Lowest Tariff in Madhya Pradesh’s 35 MW Solar Rooftop Auction

AMP Solar India quoted the lowest tariff (L1) of ₹1.58 (~$ 0.022)/kWh at the recently concluded auction held by Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for the development of ...
/ / Rooftop, Solar
Interview: Safeguard Duty Cost Impact on Rooftop Solar Could be as much as 20%

Interview: Safeguard Duty Cost Impact on Rooftop Solar Could be as much as 20%

India’s rooftop solar sector has installed approximately 2 GW so far. Without a conducive environment and a variety of supportive policy initiatives for it to truly take off, it will ...
/ / Rooftop, Solar
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 ...
Suzlon Solar

Suzlon Partners with Amplus Solar To Develop 15 MW Solar Project

Suzlon, a wind turbine manufacturer and renewable energy project developer, has entered into a joint venture (JV) with AMP Solar, a global renewable power provider, to develop and construct a ...
/ / Solar, Utility Scale
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