Indian Solar Installations Totaled a Record 2.2 GW in Q3

Indian Solar Installations Totaled a Record 2.2 GW in Q3 as Uncertainties Loom

Indian solar installations totaled 2,247 MW in Q3 2017, up 300 MW from Q2 according to the recently released India Solar Market Update by Mercom India Research. However, like in ...
/ Markets & Policy, Solar
Azure Power Records Revenue of $56.7 Million in the First Half of FY 2017-18

Azure Power Records Revenue of $56.7 Million in the First Half of FY 2017-18

Azure Power (NYSE: AZRE) announced its consolidated financial results for the fiscal second quarter 2017, period ending September 30, 2017. The company declared revenue of ₹3,701.7 million (~$56.7 million) for ...
/ Solar, Utility Scale
Canara Bank Empanelment Tenders

Canara Bank Issues Empanelment Tender for Rooftop Solar Project Developers

Canara Bank, a public-sector bank owned by the Government of India, has issued an empanelment tender inviting expressions of interest from rooftop solar project developers for the development of rooftop ...
/ Rooftop, Solar
GERC Amends Rooftop Solar Net Metering Regulations in Gujarat

GERC Amends Rooftop Solar Net Metering Regulations in Gujarat

The Gujarat Electricity Regulatory Commission (GERC) has published amendments to its regulations for grid-connected rooftop solar net metering in the official gazette. The new regulations took effect on October 6, ...
/ Markets & Policy, Solar
Government Agencies Tender Over 2 MW of Solar in Small Tenders

Government Agencies Tender Over 2 MW of Solar in Small Tenders

In the past week, government agencies have tendered solar projects with a total aggregate capacity of 2.160 MW in India. Military Engineering Services (MES) tendered a 2 MW grid-connected solar ...
/ Solar, Tenders & Auctions
USICEF to Provide Grants for Distributed Solar in India

USICEF to Provide $900,000 in Grants for Distributed Solar in India

The US-India Clean Energy Finance (USICEF) initiative is set to provide $900,000 in grants to companies involved in India’s solar sector as part of an effort to catalyze the adoption ...
/ Rooftop, Solar
REIL Tenders 15 MW of Rooftop and Small Solar PV Projects for ONGC

REIL Tenders 15 MW of Rooftop and Small Solar PV Projects for ONGC

Rajasthan Electronics and Instruments Limited (REIL), a joint venture of the Government of India and the Government of Rajasthan, has issued a tender for 15 MW of solar on behalf ...
/ Solar, Tenders & Auctions
Oorjan Cleantech Raises Seed Funding

Oorjan Cleantech Raises $450,000 in Seed Funding for Rooftop Solar in India

Oorjan Cleantech, an India-based rooftop solar solutions provider, raised $450,000 (~₹28.8 million) in online seed funding. US-based VC firm, Globevestor was the primary investor followed by group of senior directors ...
/ Finance and M&A, Solar
Azure Roof Power Rooftop Solar

Azure Roof Power to Develop 1.3 MW of Rooftop Solar

Azure Roof Power, a wholly owned subsidiary of Azure Power, has won a bid to develop 1.3 MW of rooftop solar for the Ministry of Health and Family Welfare, India ...
/ Solar, Tenders & Auctions
Some Module Suppliers are Backing Away from Supply Agreements

Interview: Some Module Suppliers are Backing Away from Supply Agreements

Unless there is a policy course correction, the solar rooftop installation goal of 40 GW by 2022 has been viewed as a challenge to achieve by many in the industry, ...
/ Markets & Policy, Solar
Indian Railways Rooftop Solar Contracts

Indian Railways Awards Contracts to Develop 30 MW of Rooftop Solar

Indian Railways has awarded a total of 30 MW of rooftop solar contracts to two firms, with Azure Power set to develop 20 MW and Fourth Partner Energy developing the ...
/ Rooftop, Solar
Rooftop Solar in Sri Lanka

ADB to Provide $50 Million Loan to Develop 50 MW of Rooftop Solar in Sri Lanka

The Asian Development Bank (ADB) will provide $50 million as loan to develop 50 MW of rooftop solar projects in Sri Lanka. This will help diversify the Sri Lankan energy ...
/ Rooftop, Solar
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
Rooftop Solar in India

Ujaas Energy Wins Contracts to Develop Over 22 MW of Rooftop Solar in India

Ujaas Energy has won contracts to develop a total of 22.03 MW of grid-connected solar across India through three different tenders. The company received a letter of award (LOA) from ...
/ Rooftop, Solar
Solar Tenders for the week

36.4 MW of Small Solar Tenders Announced in India Last Week

More than 36.4 MW of solar tenders were announced in India during the week ending September 1, 2017, up from just 5 MW of solar tenders unveiled a week earlier ...
/ Solar, Tenders & Auctions
NDB China Solar Project

Construction of BRICS Bank Funded 100 MW Rooftop Solar Project Begins in Shanghai

The construction of the 100 MW Shanghai Lingang Distributed Solar Power project has begun in Shanghai, China. The project is being funded by BRICS New Development Bank (NDB) and will ...
/ Rooftop, Solar
Rooftop Solar

MNRE Gives De-Empaneled Solar Rooftop Installers a Two-Day Lifeline

The Ministry of New and Renewable Energy (MNRE) has provided a two-day window for de-empaneled rooftop solar installers to upload data pertaining to project progress on the SPIN portal and ...
/ Rooftop, Solar
Small Solar Tenders

5 MW of Small Solar Tenders Announced Last Week in India

A total of 5 MW of small solar tenders were announced by Indian government agencies last week, with large‑scale projects accounting for 2 MW and rooftop projects totaling 3 MW ...
/ Solar, Tenders & Auctions
Enphase Energy

Enphase Energy Expands into India

Enphase Energy, a microinverter supplier for solar rooftop systems, has expanded into India and established offices in Chennai. The company appointed Venkata Mukundarajan in Chennai as its strategic account manager ...
/ Inverters & BOS, Solar
Mercom India Solar Market Update

India Installs 4.8 GW of Solar in the First Half of 2017, Eclipsing All of 2016

1.9 GW installed in Q2 2017, over 10 GW projected in 2017 The Indian solar market added 1,869 megawatts (MW) in the second quarter of 2017, bringing installations in the ...
/ Markets & Policy, Solar
Funding

CleanMax Solar Raises $100 Million in Funding from Warburg Pincus

CleanMax Solar, an Indian rooftop solar developer, has raised $100 million (Rs.6.5 billion) in equity financing from Warburg Pincus, a New York-based private equity firm. CleanMax Solar will utilize the ...
/ Finance and M&A, Solar
Solar Rooftop

TSREDCO Issues Empanelment Tender for Solar Rooftop Projects Between 1 kW and 1,000 kW

The Telangana State Renewable Energy Development Corporation (TSREDCO) has issued a tender for empanelment for supply, installation, and commissioning of 1 kW to 1,000 kW capacity grid-connected solar rooftop projects ...
/ Solar, Tenders & Auctions
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
IOCL

Indian Oil Corporation to Tender 15 MW of Solar Rooftop

The Indian Oil Corporation (IOCL) is expected to tender 15 MW of rooftop solar soon. “We have submitted proposal to management and are awaiting approval, once approved IOCL will tender ...
/ Solar, Tenders & Auctions
Mercom Exclusive Rooftop

Mercom Exclusive: Elimination of Key Subsidies Adds to Challenges Faced by Rooftop Solar in India

The government of India in 2014 revised the national solar installation target from 22 GW to an aggressive 100 GW by 2022. The target was split between large-scale solar (60 ...
/ Rooftop, Solar