Azure Power announces results for fiscal third quarter 2018
As of December 31, 2017, Azure power has 1,580 MW operating & committed capacity, an increase of 48% over December end 2016. Revenue for the third quarter was INR 1,739.9 million ($27.3 million), an increase of 83% over the quarter ended December 31, 2016. The company’s adjusted EBITDA for the quarter was INR 1,226.9 million (US$19.2 million), an increase of approximately 76% over the fiscal third quarter 2017.
ACME Cleantech plans 2-3 GWh lithium-ion battery manufacturing by 2020
Clean energy solution provider ACME Cleantech is planning to expand its current li-ion production capacity of 350 MWh to as much as 3 GWh by 2020. The company has also designed a charging plus swapping station for li-ion batteries to provide clean transport solutions.
Tamil Nadu can reach 13.8 GW solar by 2027, finds IEEFA
The Institute for Energy Economics and Financial Analysis (IEEFA) has stated that Tamil Nadu is India’s national model for low-cost renewable electricity generation. It finds that the state has the capability to increase its solar capacity six-fold in the next 10 years.
India to develop 60 solar cities
MNRE has sanctioned around $1 billion for the development of 60 solar cities in India. The government has also conferred the development of 52 green campuses.
China’s LONGi doubles Indian solar manufacturing plans to 2 GW
LONGi Solar has upgraded its Indian project, and now the solar manufacturer will set up 1 GW each for monocrystalline cell and module manufacturing capacity at the fab in the Indian state of Andhra Pradesh.
Assam: SECI tenders 70 MW of Solar project
The Solar Energy Corporation of India Limited (SECI) has announced 70 MW grid-connected solar PV power plant to be installed at Amguri Solar Park in Assam.
Interview: Hi Physix Lab, a new solar testing facility in India
In an interview with pv magazine, Hi Physix Laboratory India Pvt Ltd CEO, Pankaj Rai discusses the company’s solar venture, including a new testing facility, which will assess crystalline and thin film PV products, and batteries.
Exicom to deploy 1 GWh energy storage solutions by 2018-19
Gurugram-based company EXICOM Tele-Systems Ltd has aimed to install 1 GWh of battery energy storage systems by 2018-19. The company has already deployed 125 charging stations for electric vehicles in Delhi-NCR.
Budget 2018-19 – What’s in there for solar?
India’s budget disappoints a solar industry still hungry for clarity on duties, tariffs and additional support. Here is a breakdown of the budget’s main points, with reaction from industry.
Guyana, and Togo ratify ISA framework
With two new countries, the Republic of Guyana, and Togo, the number of nations to have ratified the International Solar Alliance (ISA) framework agreement has reached 21. ISA will host 6th International Steering Committee (ISC) meeting on February 20.
