Gujarat Government Agencies Push the Low Bid to ₹2.65/kWh in 500 MW GUVNL Auction in India

Gujarat Government Agencies Push the Low Bid to ₹2.65/kWh in 500 MW GUVNL Auction in India

A low tariff of ₹2.65 (~$0.0413)/kWh was quoted in the recently held Gujarat Urja Vikas Nigam Limited (GUVNL) 500 MW solar auction with aggressive bidding by Gujarat government agencies. The ...
/ Solar, Tenders & Auctions
Azure Power Govt Building Rooftop Solar

Azure Power to Develop 50 MW of Rooftop Solar to Electrify Government Buildings

The Solar Energy Corporation of India (SECI) has awarded Azure Power with a contract to develop 50 MW of rooftop solar in India. Azure Power will be developing rooftop projects ...
/ Rooftop, Solar
ABB Azure Power Solar Inverters 750 Railway Stations

ABB Partners with Azure to Power 750 Railway Stations in India

ABB, a global solar inverter supplier, in partnership with Azure Power will be providing solar inverters to support rooftop solar systems installations in 750 railway stations in the northern part ...
/ Inverters & BOS, Solar
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
Azure Power Sale of Bonds

Azure Power to Raise $500 Million (~Rs.32 Billion) from Sale of Bonds

Azure Power, an Indian solar power producer, will issue and raise around $500 million (~Rs.32 billion) from the sale of bonds to overseas investors. It bond offering was said to have attracted ...
/ Finance and M&A, Other
Delhi Metro Station

Delhi Metro Rail Corporation Tenders 2.2 MW of Rooftop Solar

The Delhi Metro Rail Corporation (DMRC) tendered a 2.2 MW a rooftop solar project to be developed at DMRC premises. The bid-submission deadline is August 31, 2017. The project will ...
/ Solar, Tenders & Auctions
Azure Power Quarterly Report

Azure Power Records Revenues of $20.3 Million for the Quarter Ending March 31, 2017

Azure Power (NYSE: AZRE) announced its consolidated financial results for the fiscal fourth quarter 2017, period ending March 31, 2017. The company declared revenue of $20.3 million for the quarter ending March ...
/ Other, Press Releases
azure rooftop solar

Azure Power Secures $10.5 Million from State Bank of India for Rooftop Solar

The State Bank of India (SBI), has issued a loan Rs.68.3 million (~$10.5 million) to Azure Power, an Indian solar power producer. The loan has been provided under the State ...
/ Finance and M&A, Solar
Solar Park

World’s Largest Solar Park in Kurnool on the Cusp of Completion

The Kurnool Ultra Mega Solar Park of 1,000 MW capacity is on the cusp of completion. The 1 GW Kurnool Ultra Mega Solar park will replace the 648 MW Kamuthi ...
/ Solar, Utility Scale
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 ...
/ Finance and M&A, Solar
Mergers & Acquisitions

Hareon Photovoltaic to Invest $76.6 Million for a 45 Percent Stake in Azure Power Project

Hareon Photovoltaic, a wholly owned subsidiary of Hareon Power Singapore, a vertically integrated solar PV manufacturer, will invest $76.6 million (~Rs.4.91 billion) for a 45 percent stake in Azure Power ...
/ Finance and M&A, Solar
Kurnool

India to Add 1 GW of Solar By the End of April at Kurnool Solar Park in Andhra Pradesh

350 MW is Operational; 650 MW to be Commissioned The entire Kurnool Ultra Mega Solar Park of 1,000 MW capacity is expected to be connected to the grid by the ...
/ Solar, Utility Scale
Bids

1,000 MW of Solar Retendered, 4.5 MW Tendered and 47.5 MW Auctioned in India, in March 2017

In the month of March, there were 1,000 MW of solar retendered, 4.5 MW newly tendered projects and 47.5 MW of solar that went to auction. Compared to February, when ...
/ Solar, Tenders & Auctions
Rooftop Tender

Indian Railways Organization for Alternate Fuel and BHEL Sign Agreement to Develop a 2 MW Solar Rooftop Project

The Indian Railways Organization for Alternate Fuel (IROAF), an Indian Railways entity, and Bharat Heavy Electricals (BHEL) entered into an agreement to develop a 2 MW solar rooftop project in ...
/ Rooftop, Solar
Azure Bids

Azure Power Wins Bids to Develop 46 MW of Rooftop Solar for Indian Railways

Azure Power, a solar project developer, has won bids to develop 46 MW of rooftop solar for the Indian Railways. The projects will be spread across 11 Indian states. Out ...
/ Rooftop, Solar
MW-Scale Solar Project

Azure Power Commissions 137 MW of Solar

Azure Power commissioned 137 MW of solar in March 2017, including the 130 MW solar power system in Chitradurga district, Karnataka, under the Karnataka Solar Policy 2014-2021, and 7 MW ...
/ Solar, Utility Scale
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
Telangana Solar

Tata Power and ReNew Power Top the List of Large-Scale Solar Developers in India

Utility scale solar in India has seen exponential growth over the past two years with installations of approximately 9 GW to date, making up about 94 percent of total installations ...
/ Utility Scale
Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in December 2016

Month in a Minute: Important Headlines and Data Points from the Indian Renewable Sector in December 2016

Under Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY), the Solar Energy Corporation of India (SECI) issued tenders for electrification of 1,058 villages in Arunachal Pradesh. (read more) The Central Electricity Authority stated ...
/ Markets & Policy, Solar
Azure Rooftop

Azure Power Commissions First Phase of 14 MW Solar Rooftop Allocation for Delhi Metro Rail Corporation

Azure Power has installed the first phase of a 14 MW solar rooftop allocation for the Delhi Metro Rail Corporation (DMRC). The system was installed at the Sultanpur facility at ...
/ Commercial, Solar
Azure Power

Azure Power Revises its IPO Down To $75 Millionwe

Azure Power has revised its Initial Public Offering (IPO). With the revised filing, Azure Power plans to raise $75 million (~Rs.5 billion) in place of the previously proposed $140 million ...
/ Finance and M&A, Solar
Azure Power Sets Terms for IPO on NYSE

Azure Power Sets Terms for IPO on NYSE

Azure Power, an Indian solar project developer, has set terms for its initial public offering (IPO) in New York. The IPO will comprise of 6.82 million shares priced between $21 ...
/ Markets & Policy, Solar