India’s largest solar PV module manufacturer and Engineering, Procurement and Construction (EPC) player Waaree Energies today announced it has launched a financial lending facility for solar power developers.
As part of its green energy commitment, The National Hydroelectric Power Corporation (NHPC) has issued an engineering procurement and construction (EPC) contract for developing 40 MW of grid-connected solar power project at Ladeihil village in Ganjam district of Odisha.
Export-Import Bank of India (Exim Bank) will finance 27 solar power projects worth $1.4 billion spread across 15 countries, said David Rasquinha, Managing Director, Exim Bank here on Monday.
Hero Future Energies Pvt. Ltd is in talks to acquire Fotowatio Renewable Ventures’s 135 megawatt (MW) solar power project in India, two people aware of the development said. Owned by Abdul Latif Jameel Energy
Shares of NTPC gained 1.2 percent intraday Wednesday after company won 85 MW solar capacities in Uttar Pradesh (UP).
The Maharashtra Electricity Regulatory Commission (MERC) has approved power sale agreements (PSAs) for grid-connected solar photovoltaic (PV) projects totaling 302 MW under the Mukhyamantri Saur Krishi Yojana.
The Ministry of New and Renewable Energy (MNRE) has extended the implementation timeline of distributed grid-connected solar power projects in Andaman & Nicobar, and Lakshadweep islands.
Solar project developers in the country continue to face curtailment issues and when it comes to states like Tamil Nadu, Andhra Pradesh, Karnataka, among others, the issue of curtailment is more challenging, falling somewhere between 10 and 25 percent.
Ignored by large banks, rooftop solar project developers are offering finance to customers from their own books, in addition to tying up with NBFCs to meet the upfront costs.
India and Tanzania have agreed to develop solar power projects together in the future as members of International Solar Alliance (ISA). The decision was made during the ninth India-Tanzania Joint Commission on Trade