Rooftop solar projects in India will be supported through up to USD 500 million (EUR 418.3m) in financing provided by the Asian Development Bank (ADB), a government statement says.
Solar power plants in India had a combined output of 5.5 billion kWh in the second quarter, marking an 87% year-on-year increase, data by the Central Electricity Authority (CEA) shows.
Piramal Capital’s Structured Finance Group and Dutch partner APG Asset Management are investing INR 19 billion in Indian renewable power producer Mytrah Energy , The Economic Times (ET) reports.
Japanese trader Mitsui & Co Ltd (TYO:8031) plans to pour almost JPY 1 billion (USD 9.1m/EUR 7.6m) in Indian renewable project developer OMC Power Pvt Ltd and form a solar power joint venture (JV), the Nikkei Asian Review writes today.
The Solar Energy Corporation of India (SECI) has cancelled tenders for 950 MW of solar capacity, some of which with battery storage, Mercom Capital said on Thursday.
GE Energy Financial Services (GEEFS), part of US conglomerate General Electric (NYSE:GE) plans to co-develop a 500-MW solar project portfolio in India with domestic group RattanIndia, Mint reports.
Indian engineering and manufacturing group Bharat Heavy Electricals Ltd (BOM:500103), or BHEL, said on Tuesday it has received an order to build a 15-MW solar park in Gujarat.
India’s Yes Bank (BOM:532648) has signed a charter with three other lenders to finance renewable energy projects in the Asian country.
More than 300,000 job positions can be created in India’s renewable energy sector by 2022, mainly in the rooftop solar field, according to a joint report by the Natural Resources Defense Council (NRDC) and the Council on Energy, Environment and Water (CEEW).
A unit of Hareon Power Singapore plans to invest roughly INR 7.19 billion (USD 112m/EUR 103m) at most in an Indian solar project developed by Azure Power Global Ltd.