India’s National Hydroelectric Power Corp (BOM:533098), or NHPC, intends to add 150 MW of solar photovoltaic (PV) capacity in partnership with the Solar Energy Corporation of India
Hyderabad-based renewable power producer Greenko Group has raised INR 30 billion (USD 463m/EUR 397m) from issuing Indian rupee-denominated bonds.
State Bank of India (BOM:500112), or SBI, on Monday announced it will extend INR 23.17 billion (USD 357m/EUR 307m) in financing 575 MW of grid-connected rooftop solar projects.
Indian firms Azure Power (NYSE:AZRE) and Fourth Partner Energy have secured contracts to install 30 MW of rooftop solar power facilities for Indian Railways.
The government of Tamil Nadu will this month sign contracts with 16 solar power developers under a plan to add 1,500 MW of photovoltaic (PV) capacity in the Indian state.
Indian solar power producer Azure Power Global Ltd (NYSE:AZRE) said on Friday it has brought online the final phase of a 50-MW solar park in Uttar Pradesh.
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.