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 ...
Utility scale

ReNew Power Commissions 143 MW of Solar Project in Telangana

ReNew Power, a renewable energy project developer, commissioned a 143 MW solar project at Dichpally, Telangana. The project was being developed under the Telangana State Solar Policy (Group 2). ReNew ...
/ / Solar, Utility Scale
Pavagada Solar Park

Cumulative Solar Installations in India Surpassed 12 GW, 5.5 GW Installed During Financial Year 2016-2017

Solar installations in India reached 12,288.83 MW as of the end of financial year (FY) 2016-2017. The states of Andhra Pradesh, Rajasthan, Tamil Nadu, Telangana, Gujarat, and Karnataka each now ...
ReNew Power

ReNew Power Adds 1,056 MW of Renewable Energy Capacity in FY2016-17

ReNew Power, a renewable energy project developer, added 1,056 MW of renewable energy capacity in financial year (FY) 2016-17. The capacity includes 430 MW of solar and 626 MW of ...
/ / Other, Renewable Energy
Policy Roundup

India Solar and Renewable Energy Policy Roundup: March 2017

Here is a renewable energy policy roundup from central, state and government agencies in India for the month of March 2017. After the low tariffs recorded in the Rewa auction, ...
/ / Markets & Policy, Solar
Wind Power Installed in India FY2016-17

5,400 MW of Wind Power Installed in India FY2016-17

Installed cumulative wind capacity in India has now crossed 32 GW. In the financial year (FY) 2016-17, wind projects aggregating 5,400 MW were installed across India, well over its target ...
/ / Other, Wind
Solar tender

Mercom Exclusive: Payment Delays are Increasing Risk and Project Costs for Solar and Wind Projects in Many States

Payment delays by distribution companies (DISCOMs) continue to pose a challenge for the growing renewable energy sector in India as it tries to achieve 175 GW of renewable installations by ...
/ / Grid, Utilities
Rooftop

Telangana to Announce Equated Monthly Installment (EMI)-Based Rooftop Installation Program

An Equated Monthly Installment (EMI)-based rooftop installation program for individual consumers is on the charts in Telangana. The state government of Telangana held discussions with banks to tie up for ...
/ / Rooftop, Solar
Tata Power Telangana

Tata Power Renewable Energy Begins Commercial Operation of 15 MW Solar Project in Telangana

Tata Power Renewable Energy, a wholly owned subsidiary of Tata Power, has begun commercial operation of a 15 MW solar project in Telangana. The company announced the synchronization of its ...
/ / Solar, Utility Scale
20 MW Solar

India Power Green Utility and Punj Lloyd to Co-Develop 20 MW of Solar in Uttarakhand

India Power Green Utility Private Limited (IPGUPL), a wholly owned subsidiary of India Power Corporation Limited, will co-develop 20 MW of solar in Uttarakhand in partnership with Punj Lloyd. The ...
/ / 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
Finance

ADB Approves $390 Million Financing Package for ReNew Power to Develop 709 MW of Solar and Wind in India

The Asian Development Bank (ADB) has approved a $390 million (~Rs.26.54 billion) financing package for ReNew Power, an Indian renewable energy project developer. The funds will be utilized to develop ...
/ / Finance and M&A, Other
Mercom Forecasts Over 9 GW of Solar Installations in India for 2017

Mercom Forecasts Over 9 GW of Solar Installations in India for 2017

2016 Solar Installations to Come in at Approximately 4 GW Mercom Capital Group, a global clean energy communications and research firm, today released its quarterly update on the Indian solar ...
/ / Solar, Utility Scale
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
Top Solar States

Top 10 Indian States Account for 90 Percent of Large-Scale Solar Installations and Pipeline

India has a total installed large-scale solar capacity of 9,018 MW and a solar pipeline of 14,030 MW as of December 2016, with the top 10 states accounting for approximately ...
/ / Solar, Utility Scale
Mercom Exclusive: Incomplete Solar Park Infrastructure Affecting Large-Scale Project Development in India

Mercom Exclusive: Incomplete Solar Park Infrastructure Affecting Large-Scale Project Development in India

India is targeting 100 GW of solar by 2022, out of which 20 GW has been allocated to solar parks. The Ministry of New and Renewable Energy (MNRE) is considering ...
/ / Solar, Utility Scale
Himachal Pradesh

Himachal Pradesh Becomes the 18th State to Join UDAY

Himachal Pradesh has joined the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY), becoming the 18th state to do so. The state is estimated to achieve a net benefit of ~Rs.8,230 ...
/ / Grid, Utilities
Rooftop Solar

Telangana State Electricity Regulatory Commission Approves Net Metering Policy for Solar Rooftop Systems

The Telangana State Electricity Regulatory Commission (TSERC) has approved net metering for solar rooftop customers in the state with systems ranging from 1 kW to 1 MW. This policy will ...
/ / Markets & Policy, Solar
OPIC and ReNew Power Commit $74 Million to Set Up a 100 MW Solar Project in Telangana

OPIC and ReNew Power Commit $74 Million to Set Up a 100 MW Solar Project in Telangana

The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, and ReNew Power, a solar and wind power producer, have signed a commitment of approximately $74 million to set up ...
/ / Solar, Utility Scale
Suzlon Solar

Suzlon to Partner with Ostro Energy to Set Up a 50 MW Solar Project in Telangana

Suzlon, a wind turbine manufacturer and renewable energy project developer, has entered into a joint venture with Ostro Energy, a wind energy project developer, for the development and construction of a 50 ...
/ / Solar, Utility Scale
Suzlon to Set up 45 MW of Solar Projects in Telangana with Canadian Solar and Unisun Energy

Suzlon to Set up 45 MW of Solar Projects in Telangana with Canadian Solar and Unisun Energy

Suzlon, an Indian wind and renewable energy company, announced that it will develop 45 MW of solar projects in Telangana, in partnership with Unisun Energy (15 MW) and Canadian Solar ...
/ / Finance and M&A, Solar
Loading...