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