Renewable capacity in India set to jump by 50% in 2019
India is set to add renewable energy capacity of 15,860 MW in 2019, a leap of 50% on the 10,560 MW installed last year. Around 70% – 10,902 MW – of the new capacity will come from utility-scale solar projects, according to Bridge To India analysts.
Macquarie, NTPC in race to buy IL&FS assets
India’s leading infrastructure finance company IL&FS expects up to Rs 80 billion from wind and solar asset sales.
India will tender 500 GW renewable capacity by 2028
Of the colossal sum, 350 GW would be for solar. India currently has installed renewable energy capacity of 75 GW with a further 46 GW under implementation.
Gujarat expects Rs500 billion worth of renewables MoUs
The state, which plans to add 3 GW of renewable capacity annually, will host the ninth edition of the Vibrant Gujarat Global Summit, which opens in 11 days’ time.
Oakridge raises residential solar rooftop funding from Dutch investor
Dutch lender Oikocredit has extended India’s first residential solar rooftop line of credit through its Indian subsidiary Maanaveeya Development & Finance
India can lead the way in distributed solar – GOGLA interview
India contributed to one-third of the global sales of distributed solar products during January-June 2018. Indian manufacturers can further leverage the International Solar Alliance (ISA) platform to engage with the global market, says Viraj Gada, GOGLA’s India regional representative and spokesperson for The India Distributed Energy Forum and Expo (IDEF), in an interview with pv magazine ahead of the event on January 30 and 31 in New Delhi.
Andhra Pradesh targets 5 GW of solar under new policy
Under the new Solar Policy 2018 announced on Thursday, Andhra Pradesh has set a minimum target of 5 GW of newly installed PV power capacity over the next five years.
Indian Railways plans 1 GW solar power by 2020-21
The ambitious plan would help Indian Railways source about 10% of its electrical energy from renewables.
India floats mega tender of 7.5 GW for Jammu & Kashmir
India’s Solar Energy Corporation of India has invited solar power developers to construct 7.5 GW grid connected projects in Leh and Kargil Districts in the state of Jammu & Kashmir under a competitive bidding process. Bid submission deadline is April 30. Tenders will be opened on the same day. The date of reverse auction will be advised at a later date.
Vikram Solar wins 140 MW solar project from NTPC
The Indian PV module manufacturer and EPC solutions provider will commission the NTPC project at Bilhaur, Kanpur in the state of Uttar Pradesh.
