With Newly Commissioned Solar Projects, Azure Sees a 28% Rise in Revenue in Q2 FY20

With Newly Commissioned Solar Projects, Azure Power Sees a 28% Rise in Revenue in Q2 FY20

Azure Power (NYSE: AZRE) has announced its consolidated financial results for the second quarter of the financial year (FY) ending September 30, 2019. The independent solar power producer reported that ...
SECI’s Manufacturing-Linked Solar Tender Receives Good Response, Oversubscribed by 1 GW

SECI’s Manufacturing-Linked Solar Tender Receives Good Response, Oversubscribed by 1 GW

The Solar Energy Corporation of India (SECI) has received a good response for its 7 GW solar tender that has been linked with a manufacturing component. After a slew of ...
Azure’s Petition before MERC Seeking Declaration of GST as Change in Law Dismissed

Investment in Indian Solar Sector Dips to $9.8 Billion in 2018

In 2018, investments in the Indian solar sector totaled approximately $9.8 billion compared to 2017, in which almost $11.5 billion flowed into the Indian solar sector.  2018 witnessed a decline ...
CERC Gives Relief to Solar Project Developers by Accepting GST as ‘Change in Law’

CERC Gives Relief to Solar Project Developers by Accepting GST as ‘Change in Law’

The Central Electricity Regulatory Commission (CERC) has issued an order to compensate solar power developers (SPD) by giving them an upfront lumpsum payment, which they would have incurred as an ...
/ / Markets & Policy, Solar
Developers who have projects under development need to use the pass through option due to safeguard duty that was imposed recently on solar imports

Azure Power Secures $58 Million for its 100 MW Solar Project at Pavagada

Leading renewable energy project developer Azure Power (NYSE: AZRE), has achieved the financial closure of a deal worth ₹4 billion (~$58 million) for its 100 MW solar power project in ...
/ / Finance and M&A, Solar
Azure Power Closes $88 Million in Financing for its 200 MW Solar Project in Bhadla

Azure Power Closes $88 Million in Financing for its 200 MW Solar Project in Bhadla

Azure Power (NYSE: AZRE), an independent solar power producer, has achieved financial closure for a 200 MW grid-connected solar photovoltaic (PV) project to be developed in the Bhadla Solar Park, Rajasthan ...
/ / Finance and M&A, Solar
ONGC Commissions 10 MW Solar Project at Hazira in Gujarat

CERC Provides One Time Approval for Change in Law Due to Enactment of GST

The Central Electricity Regulatory Commission (CERC) has issued an order stating that the enactment of GST laws is covered as Change in Law under Article 12 of the power purchase ...
/ / Markets & Policy, Solar
Mitsui Chemicals to start BIS Certification for Solar Panels in India with PI Berlin

Azure Power to Develop a 6 MW Solar Project in Odisha

Renewable energy project developer Azure Power has emerged as the winner in the recent auction held by Odisha Renewable Energy Development Agency (OREDA) for the development of 6 MW grid-connected ...
/ / Solar, Tenders & Auctions
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
Lowest Tariff of ₹2.59/kWh Wins NTPC's 2 GW Solar Auction

Lowest Tariff of ₹2.59/kWh Wins NTPC’s 2 GW Solar Auction

Lowest (L1) tariff of ₹2.59 (~$0.0372)/kWh was quoted in the auction held by the National Thermal Power Corporation (NTPC) to develop 2 GW of interstate transmission system (ISTS)-connected solar photovoltaic ...
/ / Solar, Tenders & Auctions
Azure Power’s Revenue Up 29% to $35.4 Million in Q1 2019

Azure Power’s Revenue Up 29% to $35.4 Million in Q1 2019

Azure Power (NYSE: AZRE), an independent solar power producer, has announced its consolidated results for the first quarter ending June 30, 2018. Total revenue in the first quarter of FY19 ...
/ / Markets & Policy, Solar
Interview: Safeguard Duty Cost Impact on Rooftop Solar Could be as much as 20%

CleanMax Quotes L1 Tariff of ₹3.64/kWh for NREDCAP’s Rooftop Solar Tender

The New and Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP) recently opened financial bids for the installation of 15 MW of grid connected rooftop solar PV system for ...
BlackRock Real Assets Acquires 59 MW of Solar Assets from J&V Energy

ACME, Shapoorji, Hero, Mahindra, Azure & Adani Win SECI’s 2 GW Solar Auction

ACME Solar, Shapoorji Pallonji, Hero Solar, Mahindra Susten, Mahoba Solar (Adani), and Azure Power have emerged as the winners in the recently conducted auction by the Solar Energy Corporation of ...
Azure Power Reports Revenue of $118.3 Million in Fiscal Year 2018

Azure Power Reports Revenue of $118.3 Million in Fiscal Year 2018

Azure Power (NYSE: AZRE), an independent solar power producer, has announced its consolidated financial results for the fourth quarter and fiscal year ending March 31, 2018. Total revenue during its ...
Solar Projects Totaling 127 MW Commissioned in a Week

Solar Projects Totaling 127 MW Commissioned This Week

Utility scale solar projects totaling 127 MW have been commissioned across three Indian states by three large-scale project developers during the third week of May. The projects are located in ...
L1 Tariff of ₹2.91/kWh Quoted in 550 MW KREDL Grid-Connected Solar Project Auction

Lowest Tariff of ₹2.91/kWh Quoted in KREDL’s 550 MW Pavagada Solar Auction

The lowest (L1) tariff of ₹2.91 (~$0.044)/kWh was quoted in the recently concluded auction to develop 550 MW of grid-connected solar photovoltaic (PV) projects which was conducted by Karnataka Renewable ...
Indian Solar Sector Received Over $10 Billion in Financing During 2017

Indian Solar Sector Received Over $10 Billion in Financing During 2017

In 2017, the Indian solar sector logged over $10 billion (~₹650 billion) in financing activity, according to Mercom Capital Group’s recently released 2017 Q4 and Annual India Solar Market Update ...
/ / Finance and M&A, Solar
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
Financing Activity in the Indian Solar Sector So Far This Year

BREAKING: Azure Power Wins NTPC’s 250 MW DCR Solar Auction with a Low Bid of ₹3.14/kWh

Azure Power has emerged as the lowest (L1) bidder in the recently conducted 250 MW solar auction. The project will be developed under the domestic content requirement (DCR) category. Azure ...
/ / Tenders & Auctions
Solar Installations in India to Double

Breaking: Entire 1 GW Kurnool Solar Park to be Grid-Synchronized Tomorrow

The 1 GW Kurnool Solar Park in Andhra Pradesh will be commissioned on July 13, 2017. With the commissioning of Adani’s awarded capacity of 50 MW, the entire proposed 1 ...
/ / Solar, Utility Scale