Solar EVA sheets attract AD duty for five years
Following a petition by domestic manufacturers seeking legal protection under anti-dumping laws, the Directorate General of Trade Remedies has recommended the imposition of duties ranging from $537-1,559/metric ton on solar ethylene vinyl acetate sheets imported from China, Malaysia, Saudi Arabia and Thailand.
ReNew Power secures fresh $350 million from US investor
The Gurugram-based independent power producer has secured fresh debt financing of up to US$ 350 million from the US government-owned Overseas Private Investment Corporation (OPIC). This follows an earlier round of financing in March 2016 when OPIC had granted a loan of US$ 250 million to ReNew Power.
Gujarat to set up 100 MW solar PV project atop Narmada canal
The state-owned Sardar Sarovar Narmada Nigam will set up the 100 MW solar project atop branch canals of river Narmada at an estimated cost of Rs 100 crore. Four locations in central Gujarat have already been identified for the project.
Greenko raises fresh $550 million from Singapore and Abu Dhabi investors
This is the third round of Greenko investment by Singapore’s sovereign wealth fund GIC Holdings and Abu Dhabi Investment Authority (ADIA), taking their total in the Indian renewable energy firm to $2 billion.
Sungrow crosses 3 GW of PV inverter sales in India, eyes 5 GW by 2020
The Chinese solar PV inverter manufacturer expects to touch 3.5-3.6 GW of sales by March 2019 in the country. Expanding its lineup, it plans to launch inverters for residential sector too in the second half of the current year.
Government approves Rs46,000 crore for KUSUM and rooftop solar
The government of India has approved central financial support of more than Rs46,000 crore by 2022 to promote solar among farmers and in the residential sector. The KUSUM scheme for farmers has been allocated Rs34,422 crore and the rooftop solar program Rs11,814 crore.
Q4 utility-scale solar down 46%: Bridge To India
India’s utility-scale solar capacity addition during October-December 2018 went down 46 per cent over the corresponding period of 2017. In contrast, rooftop solar grew strongly at 47 per cent.
Vikram Solar commissions 200 MW utility-scale solar in Andhra Pradesh
The plant, situated in district Anatapuramu of Andhra Pradesh, is segregated into two blocks of 100 MW each for better management and higher efficiency. It is expected to power nearly 150,000 homes once connected to the grid.
20 MW floating solar-plus-60 MWh storage tendered for Lakshadweep
The Solar Energy Corporation of India has invited bids for the development of an aggregate capacity of 20 MW of lagoon-based floating PV with 60 MWh of battery-based storage systems in the Union Territory of Lakshadweep.
Maharashtra auction sees tariffs hit Rs 2.74 per unit
Tariffs retracted distinctly from Rs 2.84 per unit seen in the 700 MW Gujarat solar auction recently, inching closer to the Rs 2.71-2.72 level of Maharashtra’s previous tender.
